Fresenius Medical Care AG (FMS) Deferred Taxes (2010 - 2025)

Fresenius Medical Care AG (FMS) recorded quarterly Deferred Taxes of $3.9 million in Q4 2025, down 85.24% quarter-over-quarter from $26.4 million in Q3 2025, and down 92.17% on a YoY basis from $49.7 million in Q4 2024.

Fresenius Medical Care AG (FMS) Deferred Taxes (2010 - 2025) Analysis & Trends

Fresenius Medical Care AG's Deferred Taxes history runs 16 years deep, the most recent figure standing at $3.9 million for Q4 2025.

  • In Q4 2025, Deferred Taxes fell 92.17% year-over-year to $3.9 million; the TTM figure through Dec 2025 stood at -$27.4 million (up 65.59% YoY), while the FY2025 annual figure was -$31.7 million, up 59.21% from the prior year.
  • Deferred Taxes was $3.9 million for Q4 2025 at Fresenius Medical Care AG, down from $26.4 million in the prior quarter.
  • In the past five years, Deferred Taxes ranged from a high of $91.6 million in Q4 2021 to a low of -$57.5 million in Q2 2022.
  • Historically, Deferred Taxes has averaged -$10.5 million across 5 years, with a median of -$24.8 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: Deferred Taxes plunged 1193.1% in 2023, then surged 241.5% in 2024.
  • A 5-year view of Deferred Taxes shows it stood at $91.6 million in 2021, then plunged by 79.28% to $19.0 million in 2022, then slumped by 284.93% to -$35.1 million in 2023, then jumped by 241.5% to $49.7 million in 2024, then tumbled by 92.17% to $3.9 million in 2025.
  • The last three Deferred Taxes figures came in at $3.9 million (Q4 2025), $26.4 million (Q3 2025), and -$25.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 435.00 Mn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn -40.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 54.80 Mn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 8.50 Mn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn -
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn -104.77 Mn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 3.89 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn -4.74 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn -12.46 Mn
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 815,000.00

Historic Data

Download Data
DateValue
Dec 31, 2025 3.89 Mn
Sep 30, 2025 26.37 Mn
Jun 30, 2025 -25.61 Mn
Mar 31, 2025 -32.07 Mn
Dec 31, 2024 49.68 Mn
Sep 30, 2024 -31.45 Mn
Jun 30, 2024 -49.71 Mn
Mar 31, 2024 -48.20 Mn
Dec 31, 2023 -35.11 Mn
Sep 30, 2023 -33.73 Mn
Jun 30, 2023 -39.38 Mn
Mar 31, 2023 -24.01 Mn
Dec 31, 2022 18.99 Mn
Sep 30, 2022 3.09 Mn
Jun 30, 2022 -57.46 Mn
Mar 31, 2022 -10.43 Mn
Dec 31, 2021 91.62 Mn
Sep 30, 2021 28.29 Mn
Jun 30, 2021 -37.04 Mn
Mar 31, 2021 -7.30 Mn