Fresenius Medical Care AG (FMS) Cost of Revenue (2009 - 2025)

Fresenius Medical Care AG (FMS) recorded quarterly Cost of Revenue of $4.3 billion in Q4 2025, up 233.93% quarter-over-quarter from $1.3 billion in Q3 2025, and up 5.13% on a YoY basis from $4.1 billion in Q4 2024.

Fresenius Medical Care AG (FMS) Cost of Revenue (2009 - 2025) Analysis & Trends

Fresenius Medical Care AG's Cost of Revenue history runs 17 years deep, the most recent figure standing at $4.3 billion for Q4 2025.

  • In Q4 2025, Cost of Revenue rose 5.13% year-over-year to $4.3 billion; the TTM figure through Dec 2025 stood at $10.7 billion (up 64.64% YoY), while the FY2025 annual figure was $17.0 billion, up 9.08% from the prior year.
  • Cost of Revenue was $4.3 billion for Q4 2025 at Fresenius Medical Care AG, up from $1.3 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $4.3 billion in Q4 2025 to a low of $145.6 million in Q1 2024.
  • Historically, Cost of Revenue has averaged $3.1 billion across 5 years, with a median of $3.8 billion in 2022.
  • The sharpest annual moves came in 2024 and 2025: Cost of Revenue sank 96.19% in 2024, then jumped 2571.74% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $3.8 billion in 2021, then decreased by 2.21% to $3.7 billion in 2022, then gained by 5.14% to $3.9 billion in 2023, then increased by 4.12% to $4.1 billion in 2024, then advanced by 5.13% to $4.3 billion in 2025.
  • The last three Cost of Revenue figures came in at $4.3 billion (Q4 2025), $1.3 billion (Q3 2025), and $1.2 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 2.85 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 961.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.34 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 241.90 Mn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.10 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 1.28 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 4.28 Bn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 441.75 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.07 Bn
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 399.09 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 4.28 Bn
Dec 31, 2025 4.28 Bn
Sep 30, 2025 1.28 Bn
Sep 30, 2025 1.28 Bn
Jun 30, 2025 1.22 Bn
Jun 30, 2025 1.22 Bn
Mar 31, 2025 3.89 Bn
Mar 31, 2025 3.89 Bn
Dec 31, 2024 4.08 Bn
Dec 31, 2024 4.08 Bn
Sep 30, 2024 1.14 Bn
Sep 30, 2024 1.14 Bn
Jun 30, 2024 1.12 Bn
Jun 30, 2024 1.12 Bn
Mar 31, 2024 145.57 Mn
Mar 31, 2024 145.57 Mn
Dec 31, 2023 3.91 Bn
Dec 31, 2023 3.91 Bn
Sep 30, 2023 4.04 Bn
Sep 30, 2023 4.04 Bn