Fresenius Medical Care AG (FMS) Debt to Equity (2009 - 2025)
Fresenius Medical Care AG (FMS) posted Debt to Equity of $0.55 for Q4 2025, up 11.59% on a QoQ basis from $0.49 in Q3 2025, and up 26.31% year-over-year from $0.43 in Q4 2024.
Fresenius Medical Care AG (FMS) has 17 years of Debt to Equity data on file, last reported at $0.55 in Q4 2025.
- In Q4 2025, Debt to Equity rose 26.31% year-over-year to $0.55; the TTM figure through Dec 2025 stood at $0.55 (up 26.31% YoY), while the FY2025 annual figure was $0.55, up 26.31% from the prior year.
- Debt to Equity improved to $0.55 in Q4 2025, from $0.49 in the prior quarter.
- Across five years, Debt to Equity topped out at $0.55 in Q4 2025 and bottomed at $0.43 in Q4 2024.
- A 5-year average of $0.49 and a median of $0.49 in 2024 frame the typical range for Debt to Equity.
- Annual changes were most pronounced in 2021 — Debt to Equity retreated 17.36% — and 2025, when it advanced 26.31%.
- Year by year, Debt to Equity stood at $0.52 in 2021, then decreased by 2.71% to $0.51 in 2022, then decreased by 1.34% to $0.5 in 2023, then dropped by 13.69% to $0.43 in 2024, then climbed by 26.31% to $0.55 in 2025.
- The last three Debt to Equity figures came in at $0.55 (Q4 2025), $0.49 (Q3 2025), and $0.48 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | -16.13 |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 2.74 |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | -22.31 |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 0.78 |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 0.06 |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 0.63 |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.55 |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 0.11 |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 0.05 |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 0.86 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.55 |
| Sep 30, 2025 | 0.53 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.47 |
| Dec 31, 2024 | 0.43 |
| Sep 30, 2024 | 0.46 |
| Jun 30, 2024 | 0.49 |
| Mar 31, 2024 | 0.50 |
| Dec 31, 2023 | 0.50 |
| Dec 31, 2022 | 0.51 |
| Dec 31, 2021 | 0.52 |
| Dec 31, 2020 | 0.63 |
| Dec 31, 2019 | 0.60 |
| Dec 31, 2018 | 0.48 |
| Dec 31, 2017 | 0.62 |
| Dec 31, 2016 | 0.68 |
| Dec 31, 2015 | 0.80 |
| Dec 31, 2014 | 0.92 |
| Dec 31, 2013 | 0.86 |
| Dec 31, 2012 | 2.30 |
| Dec 31, 2011 | 0.88 |
| Dec 31, 2010 | 0.61 |
| Dec 31, 2009 | 0.72 |