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

Fresenius Medical Care AG (FMS) posted quarterly Gross Margin of 81.94% for Q4 2025, up 167.0% year-over-year from 30.69% in Q4 2024, and up 5.69% on a QoQ basis from 77.53% in Q3 2025.

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

Fresenius Medical Care AG (FMS) has reported Gross Margin for 17 consecutive years, with 81.94% the latest figure, recorded in Q4 2025.

  • In Q4 2025, Gross Margin rose 167.0% year-over-year to 81.94%; the TTM figure through Dec 2025 stood at 66.23% (down 556.0% YoY), while the FY2025 annual figure was 25.62%, up 819.0% from the prior year.
  • Gross Margin came in at 81.94% for Q4 2025 at Fresenius Medical Care AG, up from 77.53% in the prior quarter.
  • The five-year high for Gross Margin was 139.57% in Q2 2021, with the low at 264.02% in Q2 2023.
  • Average Gross Margin over 5 years is 51.3%, with a median of 79.24% recorded in 2024.
  • Across the five-year window, Gross Margin sank 40211 bps in 2023 and surged 34211 bps in 2024, its largest moves.
  • Year by year, Gross Margin stood at 128.56% in 2021, then decreased by 0 bps to 128.38% in 2022, then sank by 37 bps to 81.3% in 2023, then decreased by 1 bps to 80.28% in 2024, then rose by 2 bps to 81.94% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods registered 81.94%, 77.53%, and 25.35% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 85.07%
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 32.82%
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 82.10%
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 31.42%
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 84.75%
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 21.12%
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 71.44%
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 24.35%
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn 74.36%
10 Fresenius Medical Care AG - - 19.45 Bn 81.94%

Historic Data

Download Data
DateValue
Dec 31, 2025 81.94%
Sep 30, 2025 25.43%
Jun 30, 2025 25.35%
Mar 31, 2025 24.25%
Dec 31, 2024 25.00%
Sep 30, 2024 24.08%
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 24.42%
Dec 31, 2022 6.95%
Sep 30, 2022 134.05%
Jun 30, 2022 28.30%
Mar 31, 2022 27.66%
Dec 31, 2021 128.56%
Sep 30, 2021 138.96%
Jun 30, 2021 139.57%
Mar 31, 2021 136.35%