Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2025)
Fresenius Medical Care AG (FMS) posted Gross Margin of 99.98% for Q4 2025, up 28.96% on a QoQ basis from 77.53% in Q3 2025, and little changed year-over-year from 99.98% in Q4 2024.
Fresenius Medical Care AG (FMS) has 17 years of Gross Margin data on file, last reported at 99.98% in Q4 2025.
- In Q4 2025, Gross Margin changed 0.0% year-over-year to 99.98%; the TTM figure through Dec 2025 stood at 99.97% (up 3.0% YoY), while the FY2025 annual figure was 25.62%, up 819.0% from the prior year.
- Gross Margin climbed to 99.98% in Q4 2025, from 77.53% in the prior quarter.
- Across five years, Gross Margin topped out at 7486.37% in Q4 2021 and bottomed at 264.02% in Q2 2023.
- A 5-year average of 418.56% and a median of 79.75% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin surged 747868 bps — and 2022, when it plunged 747942 bps.
- Year by year, Gross Margin stood at 7486.37% in 2021, then slumped by 100 bps to 6.95% in 2022, then surged by 1070 bps to 81.3% in 2023, then increased by 23 bps to 99.98% in 2024, then increased by 0 bps to 99.98% in 2025.
- The last three Gross Margin figures came in at 99.98% (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 | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 19.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 99.98% |
| Sep 30, 2025 | 77.53% |
| Jun 30, 2025 | 25.35% |
| Mar 31, 2025 | 24.26% |
| Dec 31, 2024 | 80.28% |
| Sep 30, 2024 | 78.20% |
| Jun 30, 2024 | 24.46% |
| Mar 31, 2024 | 24.85% |
| Dec 31, 2023 | 81.30% |
| Sep 30, 2023 | -267.44% |
| Jun 30, 2023 | -264.02% |
| Mar 31, 2023 | -258.56% |
| Dec 31, 2022 | 0.01% |
| Sep 30, 2022 | 134.01% |
| Jun 30, 2022 | 28.30% |
| Mar 31, 2022 | 27.66% |
| Dec 31, 2021 | 7,486.37% |
| Sep 30, 2021 | 138.96% |
| Jun 30, 2021 | 139.57% |
| Mar 31, 2021 | 136.40% |
| Dec 31, 2020 | 0.01% |
| Sep 30, 2020 | 148.65% |
| Jun 30, 2020 | 149.86% |
| Mar 31, 2020 | 155.72% |
| Dec 31, 2019 | 8.32% |
| Sep 30, 2019 | 145.25% |
| Jun 30, 2019 | 149.54% |
| Mar 31, 2019 | 155.06% |
| Dec 31, 2018 | 0.01% |
| Sep 30, 2018 | 158.47% |
| Jun 30, 2018 | 157.35% |
| Mar 31, 2018 | 156.85% |
| Dec 31, 2017 | 8.48% |
| Sep 30, 2017 | 177.14% |
| Jun 30, 2017 | 181.78% |
| Mar 31, 2017 | 204.38% |
| Dec 31, 2016 | 33.97% |
| Sep 30, 2016 | 91.08% |
| Jun 30, 2016 | 61.45% |
| Mar 31, 2016 | 29.00% |
| Dec 31, 2015 | 33.76% |
| Sep 30, 2015 | 91.30% |
| Jun 30, 2015 | 30.90% |
| Mar 31, 2015 | 27.83% |
| Dec 31, 2014 | 32.73% |
| Sep 30, 2014 | 28.58% |
| Jun 30, 2014 | 14.98% |
| Mar 31, 2014 | 27.77% |
| Dec 31, 2013 | 8.90% |
| Sep 30, 2013 | 10.88% |
| Jun 30, 2013 | 32.07% |
| Mar 31, 2013 | 40.46% |
| Dec 31, 2012 | 34.89% |
| Sep 30, 2012 | 96.80% |
| Jun 30, 2012 | 32.87% |
| Mar 31, 2012 | 30.56% |
| Dec 31, 2011 | 34.15% |
| Sep 30, 2011 | 33.30% |
| Jun 30, 2011 | 32.80% |
| Mar 31, 2011 | 29.66% |
| Dec 31, 2010 | 35.19% |
| Sep 30, 2010 | 34.48% |
| Jun 30, 2010 | 67.07% |
| Mar 31, 2010 | 33.46% |
| Dec 31, 2009 | 34.89% |
| Sep 30, 2009 | 33.87% |
| Jun 30, 2009 | 33.71% |
| Mar 31, 2009 | 0.03% |