Fresenius Medical Care AG (FMS) Cost of Revenue (2009 - 2025)
Fresenius Medical Care AG (FMS) posted Cost of Revenue of $4.3 billion for Q4 2025, up 233.93% on a QoQ basis from $1.3 billion in Q3 2025, and up 5.13% year-over-year from $4.1 billion in Q4 2024.
Fresenius Medical Care AG (FMS) has 17 years of Cost of Revenue data on file, last reported at $4.3 billion in 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 $6.9 billion (down 46.39% YoY), while the FY2025 annual figure was $17.0 billion, up 9.08% from the prior year.
- Cost of Revenue climbed to $4.3 billion in Q4 2025, from $1.3 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $4.3 billion in Q4 2025 and bottomed at $153.6 million in Q1 2025.
- A 5-year average of $3.3 billion and a median of $3.8 billion in 2021 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 12.61% in 2025, down 96.02% in 2025.
- Year by year, Cost of Revenue 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 | 84.64 Bn | 87.02 Bn | 16.26 Bn | 2.85 Bn |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 961.00 Mn |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 2.34 Bn |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 241.90 Mn |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 1.10 Bn |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 1.28 Bn |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 4.28 Bn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 441.75 Mn |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 1.07 Bn |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 1.09 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 4.05 Bn |
| Jun 30, 2025 | 4.05 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 | 3.88 Bn |
| Jun 30, 2024 | 3.88 Bn |
| Mar 31, 2024 | 3.86 Bn |
| Mar 31, 2024 | 3.86 Bn |
| Dec 31, 2023 | 3.91 Bn |
| Dec 31, 2023 | 3.91 Bn |
| Sep 30, 2023 | 4.04 Bn |
| Sep 30, 2023 | 4.04 Bn |
| Jun 30, 2023 | 3.95 Bn |
| Jun 30, 2023 | 3.95 Bn |
| Mar 31, 2023 | 3.82 Bn |
| Mar 31, 2023 | 3.82 Bn |
| Dec 31, 2022 | 3.72 Bn |
| Dec 31, 2022 | 3.72 Bn |
| Sep 30, 2022 | 3.88 Bn |
| Sep 30, 2022 | 3.88 Bn |
| Jun 30, 2022 | 3.75 Bn |
| Jun 30, 2022 | 3.75 Bn |
| Mar 31, 2022 | 3.79 Bn |
| Mar 31, 2022 | 3.79 Bn |
| Dec 31, 2021 | 3.81 Bn |
| Dec 31, 2021 | 3.81 Bn |
| Sep 30, 2021 | 3.74 Bn |
| Sep 30, 2021 | 3.74 Bn |
| Jun 30, 2021 | 3.66 Bn |
| Jun 30, 2021 | 3.66 Bn |
| Mar 31, 2021 | 3.62 Bn |
| Mar 31, 2021 | 3.62 Bn |
| Dec 31, 2020 | 3.61 Bn |
| Dec 31, 2020 | 3.61 Bn |
| Sep 30, 2020 | 3.57 Bn |
| Sep 30, 2020 | 3.57 Bn |
| Jun 30, 2020 | 3.46 Bn |
| Jun 30, 2020 | 3.46 Bn |
| Mar 31, 2020 | 3.42 Bn |
| Mar 31, 2020 | 3.42 Bn |
| Dec 31, 2019 | 373.02 Mn |
| Dec 31, 2019 | 373.02 Mn |
| Sep 30, 2019 | 3.42 Bn |
| Sep 30, 2019 | 3.42 Bn |
| Jun 30, 2019 | 3.39 Bn |
| Jun 30, 2019 | 3.39 Bn |
| Mar 31, 2019 | 3.26 Bn |
| Mar 31, 2019 | 3.26 Bn |
| Dec 31, 2018 | 3.33 Bn |
| Dec 31, 2018 | 3.33 Bn |
| Sep 30, 2018 | 3.25 Bn |
| Sep 30, 2018 | 3.25 Bn |
| Jun 30, 2018 | 3.47 Bn |
| Jun 30, 2018 | 3.47 Bn |
| Mar 31, 2018 | 3.41 Bn |
| Mar 31, 2018 | 3.41 Bn |
| Dec 31, 2017 | 3.44 Bn |
| Dec 31, 2017 | 3.44 Bn |
| Sep 30, 2017 | 3.42 Bn |
| Sep 30, 2017 | 3.42 Bn |
| Jun 30, 2017 | 3.27 Bn |
| Jun 30, 2017 | 3.27 Bn |
| Mar 31, 2017 | 3.15 Bn |
| Mar 31, 2017 | 3.15 Bn |
| Dec 31, 2016 | 3.10 Bn |
| Dec 31, 2016 | 3.10 Bn |
| Sep 30, 2016 | 3.12 Bn |
| Sep 30, 2016 | 3.12 Bn |
| Jun 30, 2016 | 2.53 Bn |
| Jun 30, 2016 | 2.53 Bn |
| Mar 31, 2016 | 3.39 Bn |
| Mar 31, 2016 | 3.39 Bn |
| Dec 31, 2015 | 2.88 Bn |
| Dec 31, 2015 | 2.88 Bn |
| Sep 30, 2015 | 2.85 Bn |
| Sep 30, 2015 | 2.85 Bn |
| Jun 30, 2015 | 2.90 Bn |
| Jun 30, 2015 | 2.90 Bn |
| Mar 31, 2015 | 2.78 Bn |
| Mar 31, 2015 | 2.78 Bn |
| Dec 31, 2014 | 10.84 Bn |
| Dec 31, 2014 | 10.84 Bn |
| Sep 30, 2014 | 2.83 Bn |
| Sep 30, 2014 | 2.83 Bn |
| Jun 30, 2014 | 6.16 Bn |
| Jun 30, 2014 | 6.16 Bn |
| Mar 31, 2014 | 69.60 Mn |
| Mar 31, 2014 | 69.60 Mn |
| Dec 31, 2013 | 9.87 Bn |
| Dec 31, 2013 | 9.87 Bn |
| Sep 30, 2013 | 2.50 Bn |
| Sep 30, 2013 | 2.50 Bn |
| Jun 30, 2013 | 8.70 Bn |
| Jun 30, 2013 | 8.70 Bn |
| Mar 31, 2013 | 68.00 Mn |
| Mar 31, 2013 | 68.00 Mn |
| Dec 31, 2012 | 9.20 Bn |
| Dec 31, 2012 | 9.20 Bn |
| Sep 30, 2012 | 2.31 Bn |
| Sep 30, 2012 | 2.31 Bn |
| Jun 30, 2012 | 5.32 Bn |
| Jun 30, 2012 | 5.32 Bn |
| Mar 31, 2012 | 2.18 Bn |
| Mar 31, 2012 | 2.18 Bn |
| Dec 31, 2011 | 2.15 Bn |
| Dec 31, 2011 | 2.15 Bn |
| Sep 30, 2011 | 2.12 Bn |
| Sep 30, 2011 | 2.12 Bn |
| Jun 30, 2011 | 2.11 Bn |
| Jun 30, 2011 | 2.11 Bn |
| Mar 31, 2011 | 2.04 Bn |
| Mar 31, 2011 | 2.04 Bn |
| Dec 31, 2010 | 2.05 Bn |
| Dec 31, 2010 | 2.05 Bn |
| Sep 30, 2010 | 2.00 Bn |
| Sep 30, 2010 | 2.00 Bn |
| Jun 30, 2010 | 1.93 Bn |
| Jun 30, 2010 | 1.93 Bn |
| Mar 31, 2010 | 1.92 Bn |
| Mar 31, 2010 | 1.92 Bn |
| Dec 31, 2009 | 1.98 Bn |
| Dec 31, 2009 | 1.98 Bn |
| Sep 30, 2009 | 1.91 Bn |
| Sep 30, 2009 | 1.91 Bn |
| Jun 30, 2009 | 1.83 Bn |
| Jun 30, 2009 | 1.83 Bn |
| Mar 31, 2009 | 1.70 Bn |
| Mar 31, 2009 | 1.70 Bn |