Fresenius Medical Care AG (FMS) FCF Payout Ratio (2009 - 2026)
Fresenius Medical Care AG (FMS) posted quarterly FCF Payout Ratio of 0.6 for Q4 2025, down 9.24% year-over-year from 0.66 in Q4 2024, and up 228.78% quarter-over-quarter from 0.46 in Q2 2025.
Analysis
Fresenius Medical Care AG (FMS) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Fresenius Medical Care AG's FCF Payout Ratio history runs 17 years deep, the most recent figure standing at 0.6 for Q4 2025.
- In Q4 2025, FCF Payout Ratio fell 9.24% year-over-year to 0.6; the TTM figure through Dec 2025 stood at 0.14 (up 9.69% YoY), while the FY2025 annual figure was 0.12, up 3.8% from the prior year.
- FCF Payout Ratio for Q4 2025 stood at 0.6, up from 0.46 in the prior quarter.
- The five-year high for FCF Payout Ratio was 0.99 in Q4 2022, with the low at 0.66 in Q2 2024.
- The 5-year median for FCF Payout Ratio is 0.35 (2021), against an average of 0.04.
- The sharpest annual moves came in 2021 and 2023: FCF Payout Ratio tumbled 457.01% in 2021, then surged 44.43% in 2023.
- Fresenius Medical Care AG's FCF Payout Ratio stood at 0.84 in 2021, then gained by 17.88% to 0.99 in 2022, then tumbled by 30.45% to 0.69 in 2023, then slipped by 4.42% to 0.66 in 2024, then decreased by 9.24% to 0.6 in 2025.
- Business Quant data shows FMS's FCF Payout Ratio at 0.6 in Q4 2025, 0.46 in Q2 2025, and 0.4 in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 0.15 |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 0.02 |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 0.30 |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 0.20 |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 0.06 |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 0.03 |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 0.11 |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | - |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 0.07 |
| 10 | Fresenius Medical Care AG | 2.18 Bn | 494.41 Mn | 1.52 Bn | -0.34 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.34 |
| Mar 31, 2026 | -0.19 |
| Jun 30, 2025 | 2.21 |
| Mar 31, 2025 | -0.21 |
| Jun 30, 2024 | -0.66 |
| Mar 31, 2024 | -0.45 |
| Jun 30, 2023 | -0.24 |
| Mar 31, 2023 | -0.58 |
| Jun 30, 2022 | -0.44 |
| Mar 31, 2022 | -0.42 |
| Jun 30, 2021 | -0.35 |
| Mar 31, 2021 | -0.33 |
| Dec 31, 2020 | -0.40 |
| Sep 30, 2020 | -0.13 |
| Jun 30, 2020 | -0.06 |
| Mar 31, 2020 | -0.07 |
| Dec 31, 2019 | -0.32 |
| Jun 30, 2019 | -0.26 |
| Mar 31, 2019 | -0.20 |
| Dec 31, 2018 | -0.19 |