Fresenius Medical Care AG (FMS) EV to EBITDA (2009 - 2026)
Fresenius Medical Care AG's (FMS) EV to EBITDA was 0.26 for the quarter ended Jun 30, 2026, down 37.0% from 0.42 a year earlier but up 5.1% from the prior quarter.
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Analysis
Fresenius Medical Care AG (FMS) EV to EBITDA (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fresenius Medical Care AG's EV to EBITDA came in at -0.93; for the year ended Dec 31, 2025, it came in at 0.27, down 48.2% from the prior year.
- By year, EV to EBITDA came in at 0.52 in the year ended Dec 31, 2024 (+13.6%), 0.45 in the year ended Dec 31, 2023 (+1.2%), 0.45 in the year ended Dec 31, 2022 (-37.0%) and 0.71 in the year ended Dec 31, 2021 (-38.3%).
- Five-year quarterly EV to EBITDA spans a low of -78.17 in the quarter ended Mar 31, 2023 and a high of 0.86 in the quarter ended Mar 31, 2022.
- Year over year, EV to EBITDA has now declined in each of the last three quarters, with an average decline of 20.8% over the last eight quarters.
- The high point for year-over-year EV to EBITDA in five years was the quarter ended Mar 31, 2025 (growth of 23.7%); the low point was the quarter ended Dec 31, 2025 (a decline of 59.6%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 0.25 (quarter ended Mar 31, 2026), 0.19 (quarter ended Dec 31, 2025) and 0.43 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn |
| 10 | Fresenius Medical Care AG | 2.14 Bn | -4.96 Bn | 1.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.26 |
| Mar 31, 2026 | 0.25 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 0.43 |
| Jun 30, 2025 | 0.42 |
| Mar 31, 2025 | 0.57 |
| Dec 31, 2024 | 0.46 |
| Sep 30, 2024 | 0.40 |
| Jun 30, 2024 | 0.47 |
| Mar 31, 2024 | 0.46 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | 0.59 |
| Jun 30, 2023 | 0.69 |
| Mar 31, 2023 | -78.17 |
| Dec 31, 2022 | 0.44 |
| Sep 30, 2022 | 0.52 |
| Jun 30, 2022 | 0.75 |
| Mar 31, 2022 | 0.86 |
| Dec 31, 2021 | 0.71 |
| Sep 30, 2021 | 0.62 |
API Access
Fresenius Medical Care AG EV to EBITDA 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=ev-to-ebitda&ticker=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();