Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2026)
Fresenius Medical Care AG (FMS) posted quarterly Gross Margin of 25.57% for Q1 2026, up 132.0% year-over-year from 11.02% in Q1 2025, and down 6.65% quarter-over-quarter from 27.4% in Q4 2025.
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Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2026) Analysis & Trends
Fresenius Medical Care AG's Gross Margin history runs 18 years deep, the most recent figure standing at 25.57% for Q1 2026.
- In Q1 2026, Gross Margin rose 132.0% year-over-year to 25.57%; the TTM figure through Mar 2026 stood at 25.96% (up 151.0% YoY), while the FY2025 annual figure was 25.62%, up 102.0% from the prior year.
- Gross Margin for Q1 2026 stood at 25.57%, down from 27.4% in the prior quarter.
- The five-year high for Gross Margin was 79.56% in Q3 2023, with the low at 4.25% in Q1 2023.
- The 5-year median for Gross Margin is 25.43% (2025), against an average of 27.83%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 4628 bps in 2023, then sank 5548 bps in 2024.
- Fresenius Medical Care AG's Gross Margin stood at 34.15% in 2022, then slipped by 21 bps to 27.06% in 2023, then decreased by 8 bps to 25.0% in 2024, then gained by 10 bps to 27.4% in 2025, then retreated by 7 bps to 25.57% in 2026.
- Business Quant data shows FMS's Gross Margin at 25.57% in Q1 2026, 27.4% in Q4 2025, and 25.43% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 32.70% |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 70.85% |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 21.26% |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 32.90% |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 23.70% |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 31.70% |
| 10 | Fresenius Medical Care AG | 2.18 Bn | 494.41 Mn | 1.52 Bn | 26.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.95% |
| Mar 31, 2026 | 25.57% |
| Dec 31, 2025 | 81.94% |
| Sep 30, 2025 | 25.43% |
| Jun 30, 2025 | 25.34% |
| Mar 31, 2025 | 24.25% |
| Dec 31, 2024 | 25.00% |
| Sep 30, 2024 | 24.08% |
| Jun 30, 2024 | 24.47% |
| Mar 31, 2024 | 24.85% |
| Dec 31, 2023 | 27.06% |
| Sep 30, 2023 | 24.90% |
| Jun 30, 2023 | 24.81% |
| Mar 31, 2023 | 24.43% |
| Dec 31, 2022 | 26.98% |
| Sep 30, 2022 | 26.66% |
| Jun 30, 2022 | 28.30% |
| Mar 31, 2022 | 27.66% |
| Dec 31, 2021 | 28.38% |
| Sep 30, 2021 | 28.53% |