Fresenius Medical Care AG (FMS) Change in Inventory (2023 - 2025)

Fresenius Medical Care AG (FMS) recorded quarterly Change in Inventory of -$68.7 million in Q4 2025, down 279.2% quarter-over-quarter from -$18.1 million in Q2 2025, and down 166.95% on a YoY basis from $102.6 million in Q4 2024.

Fresenius Medical Care AG (FMS) Change in Inventory (2023 - 2025) Analysis & Trends

Fresenius Medical Care AG's Change in Inventory history runs 3 years deep, the most recent figure standing at -$68.7 million for Q4 2025.

  • In Q4 2025, Change in Inventory fell 166.95% year-over-year to -$68.7 million; the TTM figure through Dec 2025 stood at -$58.9 million (down 150.52% YoY), while the FY2025 annual figure was -$289.8 million, down 351.15% from the prior year.
  • Change in Inventory was -$68.7 million for Q4 2025 at Fresenius Medical Care AG, down from -$18.1 million in the prior quarter.
  • In the past five years, Change in Inventory ranged from a high of $102.6 million in Q4 2024 to a low of -$94.5 million in Q1 2023.
  • Historically, Change in Inventory has averaged -$5.3 million across 3 years, with a median of -$18.1 million in 2025.
  • The sharpest annual moves came in 2024 and 2025: Change in Inventory jumped 127.01% in 2024, then plunged 166.95% in 2025.
  • A 3-year view of Change in Inventory shows it stood at $45.2 million in 2023, then soared by 127.01% to $102.6 million in 2024, then plunged by 166.95% to -$68.7 million in 2025.
  • The last three Change in Inventory figures came in at -$68.7 million (Q4 2025), -$18.1 million (Q2 2025), and -$74.7 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn -
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn -
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn -20.28 Mn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn -
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn -
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn -
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn -68.68 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn -335,000.00
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn -
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 -68.68 Mn
Dec 31, 2025 -68.68 Mn
Jun 30, 2025 -18.11 Mn
Jun 30, 2025 -18.11 Mn
Mar 31, 2025 -74.68 Mn
Mar 31, 2025 -74.68 Mn
Dec 31, 2024 102.59 Mn
Dec 31, 2024 102.59 Mn
Sep 30, 2024 74.68 Mn
Sep 30, 2024 74.68 Mn
Jun 30, 2024 -16.15 Mn
Jun 30, 2024 -16.15 Mn
Mar 31, 2024 -44.54 Mn
Mar 31, 2024 -44.54 Mn
Dec 31, 2023 45.19 Mn
Dec 31, 2023 45.19 Mn
Sep 30, 2023 59.87 Mn
Sep 30, 2023 59.87 Mn
Jun 30, 2023 -23.96 Mn
Jun 30, 2023 -23.96 Mn