Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2025)

Fresenius Medical Care AG (FMS) recorded quarterly Gross Margin of 18654.2% in Q4 2025, down 24160.48% quarter-over-quarter from 77.53% in Q3 2025, and down 1873448.0% on a YoY basis from N/an in Q4 2024.

Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2025) Analysis & Trends

Fresenius Medical Care AG's Gross Margin history runs 17 years deep, the most recent figure standing at 18654.2% for Q4 2025.

  • In Q4 2025, Gross Margin fell 1873448.0% year-over-year to 18654.2%; the TTM figure through Dec 2025 stood at 34.46% (down 4760.0% YoY), while the FY2025 annual figure was 25.62%, up 819.0% from the prior year.
  • Gross Margin was 18654.2% for Q4 2025 at Fresenius Medical Care AG, down from 77.53% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 7486.37% in Q4 2021 to a low of 18654.2% in Q4 2025.
  • Historically, Gross Margin has averaged 502.1% across 5 years, with a median of 78.15% in 2024.
  • The sharpest annual moves came in 2021 and 2025: Gross Margin jumped 748636 bps in 2021, then tumbled 1873448 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 7486.37% in 2021, then plunged by 100 bps to 6.95% in 2022, then jumped by 1339 bps to 99.98% in 2023, then retreated by 20 bps to 80.28% in 2024, then slumped by 23338 bps to 18654.2% in 2025.
  • The last three Gross Margin figures came in at 18654.2% (Q4 2025), 77.53% (Q3 2025), and 77.5% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 85.07%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 82.10%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 31.42%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 84.75%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 21.12%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 71.44%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn -18,654.20%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 32.82%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 24.35%
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 29.93%

Historic Data

Download Data
DateValue
Dec 31, 2025 -18,654.20%
Sep 30, 2025 77.53%
Jun 30, 2025 77.50%
Mar 31, 2025 24.25%
Dec 31, 2024 80.28%
Sep 30, 2024 78.20%
Jun 30, 2024 78.09%
Mar 31, 2024 97.16%
Dec 31, 2023 99.98%
Sep 30, 2023 24.90%
Jun 30, 2023 24.81%
Mar 31, 2023 -258.56%
Dec 31, 2022 6.95%
Sep 30, 2022 134.01%
Jun 30, 2022 138.09%
Mar 31, 2022 27.66%
Dec 31, 2021 7,486.37%
Sep 30, 2021 138.99%
Jun 30, 2021 139.57%
Mar 31, 2021 136.38%