Fresenius Medical Care AG (FMS) FCF Margin (2009 - 2026)
Fresenius Medical Care AG (FMS) recorded FCF Margin of 17.70% in the quarter ended Jun 30, 2026, up 1.53 percentage points from 16.17% a year earlier and up 8.73 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 17.34% as of Jun 30, 2026, up 1.23 percentage points year-over-year; for the year ended Dec 31, 2025, it was 18.24%, up 2.36 percentage points from the prior year.
- Annual FCF Margin has a five-year change of -0.26 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, FCF Margin came in at 15.88% in the year ended Dec 31, 2024 (-1.07 pp), 16.95% in the year ended Dec 31, 2023 (+2.24 pp), 14.71% in the year ended Dec 31, 2022 (-4.12 pp) and 18.84% in the year ended Dec 31, 2021 (+0.34 pp).
- Quarterly FCF Margin has ranged from 2.69% in the quarter ended Mar 31, 2024 to 26.08% in the quarter ended Dec 31, 2025 over the past five years.
- On a year-over-year basis, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of +2.67 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 6.89 percentage points in the quarter ended Jun 30, 2025, against a drop of 11.59 percentage points in the quarter ended Jun 30, 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.97% (quarter ended Mar 31, 2026), 26.08% (quarter ended Dec 31, 2025) and 15.18% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 5.46% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -1.15% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 8.41% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -20.76% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 7.41% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -3.57% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 3.90% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 9.01% |
| 10 | Fresenius Medical Care AG | 2.14 Bn | -4.96 Bn | 1.52 Bn | 17.70% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.70% |
| Mar 31, 2026 | 8.97% |
| Dec 31, 2025 | 26.08% |
| Sep 30, 2025 | 15.18% |
| Jun 30, 2025 | 16.17% |
| Mar 31, 2025 | 6.24% |
| Dec 31, 2024 | 20.94% |
| Sep 30, 2024 | 20.69% |
| Jun 30, 2024 | 9.28% |
| Mar 31, 2024 | 2.69% |
| Dec 31, 2023 | 19.21% |
| Sep 30, 2023 | 15.39% |
| Jun 30, 2023 | 20.87% |
| Mar 31, 2023 | 3.04% |
| Dec 31, 2022 | 16.05% |
| Sep 30, 2022 | 12.90% |
| Jun 30, 2022 | 15.80% |
| Mar 31, 2022 | 3.49% |
| Dec 31, 2021 | 20.19% |
| Sep 30, 2021 | 15.57% |
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();