Fresenius Medical Care AG (FMS) EV to FCF (2009 - 2026)
Fresenius Medical Care AG's EV to FCF was 0.35 in the quarter ended Jun 30, 2026, down 20.2% from 0.44 a year earlier but up 2.8% from the prior quarter.
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Analysis
Fresenius Medical Care AG (FMS) EV to FCF (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Fresenius Medical Care AG's EV to FCF was -1.25 through Jun 30, 2026; for the year ended Dec 31, 2025, it came in at 0.25, down 52.8% from the prior year.
- In earlier years, EV to FCF was 0.53 in the year ended Dec 31, 2024 (+22.6%), 0.43 in the year ended Dec 31, 2023 (-18.4%), 0.53 in the year ended Dec 31, 2022 (-29.4%) and 0.75 in the year ended Dec 31, 2021 (-27.4%).
- Quarterly EV to FCF has moved between -109.40 (the quarter ended Mar 31, 2023) and 1.08 (the quarter ended Mar 31, 2022) over five years.
- Compared with a year earlier, EV to FCF has declined for five straight quarters, with an average decline of 17.3% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was the quarter ended Mar 31, 2022 (growth of 51.5%); the worst was the quarter ended Dec 31, 2025 (a decline of 58.0%).
- Per Business Quant data, FMS's EV to FCF in the three quarters before the quarter ended Jun 30, 2026 was 0.34 (quarter ended Mar 31, 2026), 0.26 (quarter ended Dec 31, 2025) and 0.49 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn |
| 10 | Fresenius Medical Care AG | 2.08 Bn | -5.02 Bn | 1.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.35 |
| Mar 31, 2026 | 0.34 |
| Dec 31, 2025 | 0.26 |
| Sep 30, 2025 | 0.49 |
| Jun 30, 2025 | 0.44 |
| Mar 31, 2025 | 0.68 |
| Dec 31, 2024 | 0.62 |
| Sep 30, 2024 | 0.54 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.53 |
| Dec 31, 2023 | 0.49 |
| Sep 30, 2023 | 0.67 |
| Jun 30, 2023 | 0.87 |
| Mar 31, 2023 | -109.40 |
| Dec 31, 2022 | 0.62 |
| Sep 30, 2022 | 0.72 |
| Jun 30, 2022 | 0.99 |
| Mar 31, 2022 | 1.08 |
| Dec 31, 2021 | 0.91 |
| Sep 30, 2021 | 0.83 |
API Access
Fresenius Medical Care AG EV to FCF 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-fcf&ticker=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();