Fresenius Medical Care AG (FMS) FCF Margin (2009 - 2026)
Fresenius Medical Care AG (FMS) recorded FCF Margin of 38.41% in the quarter ended Sep 30, 2026, up 27.17 percentage points from 11.25% a year earlier and up 25.66 percentage points from the prior quarter.
Fresenius Medical Care AG (FMS) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Fresenius Medical Care AG's FCF Margin came in at 32.77% as of Sep 30, 2026, up 23.59 percentage points year-over-year; for the year ended Dec 31, 2025, it was 9.00%, up 0.27 percentage points from the prior year.
- Annual FCF Margin has a five-year change of -8.82 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, FCF Margin came in at 8.72% in the year ended Dec 31, 2024 (-1.27 pp), 9.99% in the year ended Dec 31, 2023 (+2.55 pp), 7.44% in the year ended Dec 31, 2022 (-1.84 pp) and 9.28% in the year ended Dec 31, 2021 (-8.53 pp).
- The figure for the quarter ended Sep 30, 2026 is the highest quarterly FCF Margin since the quarter ended Jun 30, 2020.
- On a year-over-year basis, FCF Margin rose in five of the last seven quarters, with an average year-over-year change of +4.45 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 27.17 percentage points in the quarter ended Sep 30, 2026, against a drop of 11.71 percentage points in the quarter ended Jun 30, 2024 at the low end.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | 15.64% |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | 0.66% |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 10.82% |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 14.37% |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 19.23% |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -10.30% |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | -0.03% |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 4.33% |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | 7.92% |
| 10 | Fresenius Medical Care AG | 6.62 Bn | -983.94 Mn | 1.47 Bn | 11.34% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.41% |
| Jun 30, 2026 | 12.75% |
| Mar 31, 2026 | 0.80% |
| Sep 30, 2025 | 11.25% |
| Jun 30, 2025 | 12.95% |
| Mar 31, 2025 | 0.35% |
| Dec 31, 2024 | 11.62% |
| Sep 30, 2024 | 17.21% |
| Jun 30, 2024 | 5.94% |
| Mar 31, 2024 | -0.14% |
| Dec 31, 2023 | 9.40% |
| Sep 30, 2023 | 12.62% |
| Jun 30, 2023 | 17.65% |
| Mar 31, 2023 | 0.01% |
| Dec 31, 2022 | 7.41% |
| Sep 30, 2022 | 9.76% |
| Jun 30, 2022 | 12.18% |
| Mar 31, 2022 | -0.07% |
| Dec 31, 2021 | 8.67% |
| Sep 30, 2021 | 11.19% |
Fresenius Medical Care AG FCF 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=fcf-margin&ticker=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();