Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2026)
Fresenius Medical Care AG (FMS) recorded Gross Margin of 25.83% in the quarter ended Sep 30, 2026, up 0.40 percentage points from 25.43% a year earlier but down 1.12 percentage points from the prior quarter.
Fresenius Medical Care AG (FMS) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Fresenius Medical Care AG's Gross Margin came in at -50.72% as of Sep 30, 2026, down 75.74 percentage points year-over-year; for the year ended Dec 31, 2025, it was 25.62%, up 1.02 percentage points from the prior year.
- Annual Gross Margin has a five-year change of -5.38 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Gross Margin came in at 24.60% in the year ended Dec 31, 2024 (-0.72 pp), 25.32% in the year ended Dec 31, 2023 (-2.06 pp), 27.38% in the year ended Dec 31, 2022 (-1.44 pp) and 28.82% in the year ended Dec 31, 2021 (-2.19 pp).
- Quarterly Gross Margin has ranged from 24.08% in the quarter ended Sep 30, 2024 to 28.39% in the quarter ended Dec 31, 2021 over the past five years.
- On a year-over-year basis, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +0.41 percentage points over the last seven quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 1.61 percentage points in the quarter ended Jun 30, 2026, against a drop of 3.49 percentage points in the quarter ended Jun 30, 2023 at the low end.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | - |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 33.65% |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | - |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | 65.42% |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | 64.81% |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 12.31% |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | - |
| 10 | Fresenius Medical Care AG | 6.62 Bn | -983.94 Mn | 1.47 Bn | 25.83% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.83% |
| Jun 30, 2026 | 26.95% |
| Mar 31, 2026 | 25.57% |
| Sep 30, 2025 | 25.43% |
| Jun 30, 2025 | 25.34% |
| Mar 31, 2025 | 24.25% |
| Dec 31, 2024 | 24.98% |
| Sep 30, 2024 | 24.08% |
| Jun 30, 2024 | 24.47% |
| Mar 31, 2024 | 24.84% |
| Dec 31, 2023 | 27.06% |
| Sep 30, 2023 | 24.90% |
| Jun 30, 2023 | 24.81% |
| Mar 31, 2023 | 24.43% |
| Dec 31, 2022 | 26.97% |
| Sep 30, 2022 | 26.66% |
| Jun 30, 2022 | 28.30% |
| Mar 31, 2022 | 27.66% |
| Dec 31, 2021 | 28.39% |
| Sep 30, 2021 | 28.53% |
Fresenius Medical Care AG Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();