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| Date | Value |
|---|---|
| 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% |