Fresenius Medical Care AG (FMS) EBITDA Margin (2009 - 2026)
Fresenius Medical Care AG's EBITDA Margin came in at 16.55% for the quarter ended Sep 30, 2026, down 0.54 percentage points from 17.09% a year earlier and down 0.38 percentage points from the prior quarter.
Fresenius Medical Care AG (FMS) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Fresenius Medical Care AG reported EBITDA Margin of 24.04%, up 8.29 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 16.95%, up 0.74 percentage points from the prior year.
- EBITDA Margin carries a five-year change of -5.97 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, EBITDA Margin was 16.21% in the year ended Dec 31, 2024 (+0.17 pp), 16.05% in the year ended Dec 31, 2023 (-1.23 pp), 17.27% in the year ended Dec 31, 2022 (-2.46 pp) and 19.73% in the year ended Dec 31, 2021 (-3.20 pp).
- The five-year range for quarterly EBITDA Margin is 14.47% (the quarter ended Dec 31, 2024) to 19.07% (the quarter ended Dec 31, 2021).
- Year-over-year, EBITDA Margin increased in two of the last seven quarters, with an average year-over-year change of -0.50 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in the quarter ended Sep 30, 2024 (a gain of 3.01 percentage points), and the weakest in the quarter ended Dec 31, 2021 (a drop of 4.64 percentage points).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | 19.86% |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | -5.84% |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 15.36% |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 20.21% |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 35.02% |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -33.96% |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | - |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 4.78% |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | 23.96% |
| 10 | Fresenius Medical Care AG | 6.62 Bn | -983.94 Mn | 1.47 Bn | 14.99% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.55% |
| Jun 30, 2026 | 16.93% |
| Mar 31, 2026 | 16.24% |
| Sep 30, 2025 | 17.09% |
| Jun 30, 2025 | 16.43% |
| Mar 31, 2025 | 14.87% |
| Dec 31, 2024 | 14.47% |
| Sep 30, 2024 | 17.54% |
| Jun 30, 2024 | 16.96% |
| Mar 31, 2024 | 16.05% |
| Dec 31, 2023 | 17.11% |
| Sep 30, 2023 | 14.52% |
| Jun 30, 2023 | 15.81% |
| Mar 31, 2023 | 14.85% |
| Dec 31, 2022 | 16.94% |
| Sep 30, 2022 | 17.94% |
| Jun 30, 2022 | 16.03% |
| Mar 31, 2022 | 16.85% |
| Dec 31, 2021 | 19.07% |
| Sep 30, 2021 | 20.29% |
Fresenius Medical Care AG EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "FMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();