Fresenius Medical Care AG (FMS) Debt to Equity (2009 - 2025)
Fresenius Medical Care AG (FMS) recorded quarterly Debt to Equity of $0.51 in Q4 2025, up 3.99% quarter-over-quarter from $0.49 in Q3 2025, and up 17.7% on a YoY basis from $0.43 in Q4 2024.
Fresenius Medical Care AG (FMS) Debt to Equity (2009 - 2025) Analysis & Trends
Fresenius Medical Care AG's Debt to Equity history runs 17 years deep, the most recent figure standing at $0.51 for Q4 2025.
- In Q4 2025, Debt to Equity rose 17.7% year-over-year to $0.51; the TTM figure through Dec 2025 stood at $0.51 (up 17.7% YoY), while the FY2025 annual figure was $0.51, up 17.7% from the prior year.
- Debt to Equity was $0.51 for Q4 2025 at Fresenius Medical Care AG, up from $0.49 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.53 in Q3 2022 to a low of $0.4 in Q1 2025.
- Historically, Debt to Equity has averaged $0.49 across 5 years, with a median of $0.5 in 2025.
- The sharpest annual moves came in 2021 and 2025: Debt to Equity slipped 17.36% in 2021, then climbed 17.7% in 2025.
- A 5-year view of Debt to Equity shows it 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 declined by 13.69% to $0.43 in 2024, then gained by 17.7% to $0.51 in 2025.
- The last three Debt to Equity figures came in at $0.51 (Q4 2025), $0.49 (Q3 2025), and $0.48 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -16.13 |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 2.74 |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | -22.31 |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 0.78 |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 0.06 |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 0.63 |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 0.51 |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 0.11 |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 0.05 |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 3.65 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.51 |
| Sep 30, 2025 | 0.49 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.40 |
| Dec 31, 2024 | 0.43 |
| Sep 30, 2024 | 0.46 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 0.46 |
| Dec 31, 2023 | 0.50 |
| Sep 30, 2023 | 0.52 |
| Jun 30, 2023 | 0.52 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.51 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | 0.51 |
| Dec 31, 2021 | 0.52 |
| Sep 30, 2021 | 0.49 |
| Jun 30, 2021 | 0.51 |
| Mar 31, 2021 | 0.48 |