Fresenius Medical Care AG (FMS) Invested Capital (2009 - 2025)
Fresenius Medical Care AG (FMS) posted Invested Capital of $28.1 billion for Q4 2025, up 84.92% on a QoQ basis from $15.2 billion in Q3 2025, and down 1.86% year-over-year from $28.6 billion in Q4 2024.
Fresenius Medical Care AG (FMS) has 17 years of Invested Capital data on file, last reported at $28.1 billion in Q4 2025.
- In Q4 2025, Invested Capital fell 1.86% year-over-year to $28.1 billion; the TTM figure through Dec 2025 stood at $28.1 billion (down 1.86% YoY), while the FY2025 annual figure was $28.1 billion, down 1.86% from the prior year.
- Invested Capital climbed to $28.1 billion in Q4 2025, from $15.2 billion in the prior quarter.
- Across five years, Invested Capital topped out at $28.6 billion in Q4 2024 and bottomed at -$59.7 million in Q1 2022.
- A 5-year average of $10.2 billion and a median of $15.0 billion in 2024 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2022 — Invested Capital slumped 893.6% — and 2024, when it surged 79061.71%.
- Year by year, Invested Capital stood at $24.4 billion in 2021, then sank by 34.9% to $15.9 billion in 2022, then advanced by 3.7% to $16.4 billion in 2023, then jumped by 73.88% to $28.6 billion in 2024, then slipped by 1.86% to $28.1 billion in 2025.
- The last three Invested Capital figures came in at $28.1 billion (Q4 2025), $15.2 billion (Q3 2025), and $15.0 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 5.55 Bn |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 18.02 Bn |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | -363.69 Mn |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 5.88 Bn |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 2.37 Bn |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 12.23 Bn |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 28.06 Bn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 847.99 Mn |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 1.05 Bn |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 2.51 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 28.06 Bn |
| Sep 30, 2025 | 15.69 Bn |
| Jun 30, 2025 | 15.02 Bn |
| Mar 31, 2025 | 15.74 Bn |
| Dec 31, 2024 | 28.59 Bn |
| Sep 30, 2024 | 14.93 Bn |
| Jun 30, 2024 | 15.00 Bn |
| Mar 31, 2024 | 15.09 Bn |
| Dec 31, 2023 | 16.44 Bn |
| Sep 30, 2023 | -28.85 Mn |
| Jun 30, 2023 | -19.00 Mn |
| Mar 31, 2023 | -27.07 Mn |
| Dec 31, 2022 | 15.86 Bn |
| Sep 30, 2022 | -52.70 Mn |
| Jun 30, 2022 | -30.14 Mn |
| Mar 31, 2022 | -59.70 Mn |
| Dec 31, 2021 | 24.36 Bn |
| Sep 30, 2021 | -6.77 Mn |
| Jun 30, 2021 | 4.75 Mn |
| Mar 31, 2021 | 7.52 Mn |
| Dec 31, 2020 | 14.78 Bn |
| Sep 30, 2020 | 20.29 Mn |
| Jun 30, 2020 | 19.46 Mn |
| Mar 31, 2020 | 16.27 Mn |
| Dec 31, 2019 | 19.71 Bn |
| Sep 30, 2019 | 105.75 Mn |
| Jun 30, 2019 | 2.30 Mn |
| Mar 31, 2019 | 62.33 Mn |
| Dec 31, 2018 | 14.88 Bn |
| Sep 30, 2018 | 52.04 Mn |
| Jun 30, 2018 | 39.76 Mn |
| Mar 31, 2018 | 110.67 Mn |
| Dec 31, 2017 | 20.27 Bn |
| Sep 30, 2017 | -37.17 Mn |
| Jun 30, 2017 | -46.84 Mn |
| Mar 31, 2017 | 8,614.88 |
| Dec 31, 2016 | 12.30 Bn |
| Sep 30, 2016 | 891.00 Mn |
| Jun 30, 2016 | 674.52 Mn |
| Mar 31, 2016 | 77.06 Mn |
| Dec 31, 2015 | 11.62 Bn |
| Sep 30, 2015 | 576.62 Mn |
| Jun 30, 2015 | 446.79 Mn |
| Mar 31, 2015 | 307.05 Mn |
| Dec 31, 2014 | 10.81 Bn |
| Sep 30, 2014 | 924.17 Mn |
| Jun 30, 2014 | 335.42 Mn |
| Mar 31, 2014 | 301.28 Mn |
| Dec 31, 2013 | 10.00 Bn |
| Sep 30, 2013 | 471.56 Mn |
| Jun 30, 2013 | 514.12 Mn |
| Mar 31, 2013 | 563.22 Mn |
| Dec 31, 2012 | 3.83 Bn |
| Sep 30, 2012 | 498.69 Mn |
| Jun 30, 2012 | 3.09 Bn |
| Mar 31, 2012 | 3.11 Bn |
| Dec 31, 2011 | 9.65 Bn |
| Sep 30, 2011 | 974.22 Mn |
| Jun 30, 2011 | 606.18 Mn |
| Dec 31, 2010 | 7.79 Bn |
| Sep 30, 2010 | 158.00 Mn |
| Mar 31, 2010 | 1.54 Bn |
| Dec 31, 2009 | 7.08 Bn |
| Jun 30, 2009 | 345.00 Mn |