Fresenius Medical Care AG (FMS) Invested Capital (2009 - 2025)

Fresenius Medical Care AG (FMS) recorded quarterly Invested Capital of $29.2 billion in Q4 2025, up 92.39% quarter-over-quarter from $15.2 billion in Q3 2025, and up 2.1% on a YoY basis from $28.6 billion in Q4 2024.

Fresenius Medical Care AG (FMS) Invested Capital (2009 - 2025) Analysis & Trends

Fresenius Medical Care AG's Invested Capital history runs 17 years deep, the most recent figure standing at $29.2 billion for Q4 2025.

  • In Q4 2025, Invested Capital rose 2.1% year-over-year to $29.2 billion; the TTM figure through Dec 2025 stood at $29.2 billion (up 2.1% YoY), while the FY2025 annual figure was $29.2 billion, up 2.1% from the prior year.
  • Invested Capital was $29.2 billion for Q4 2025 at Fresenius Medical Care AG, up from $15.2 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $29.2 billion in Q4 2025 to a low of $14.7 billion in Q2 2023.
  • Historically, Invested Capital has averaged $17.4 billion across 5 years, with a median of $15.9 billion in 2021.
  • The sharpest annual moves came in 2022 and 2024: Invested Capital sank 34.9% in 2022, then soared 73.88% in 2024.
  • A 5-year view of Invested Capital shows it stood at $24.4 billion in 2021, then tumbled 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 grew by 2.1% to $29.2 billion in 2025.
  • The last three Invested Capital figures came in at $29.2 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 83.85 Bn 86.23 Bn 16.26 Bn 5.55 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 18.02 Bn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn -363.69 Mn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 5.88 Bn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 2.37 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 12.23 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 29.19 Bn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 847.99 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.05 Bn
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 1.07 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 29.19 Bn
Sep 30, 2025 15.17 Bn
Jun 30, 2025 15.02 Bn
Mar 31, 2025 16.36 Bn
Dec 31, 2024 28.59 Bn
Sep 30, 2024 14.93 Bn
Jun 30, 2024 16.36 Bn
Mar 31, 2024 16.42 Bn
Dec 31, 2023 16.44 Bn
Sep 30, 2023 15.22 Bn
Jun 30, 2023 14.71 Bn
Mar 31, 2023 14.81 Bn
Dec 31, 2022 15.86 Bn
Sep 30, 2022 15.12 Bn
Jun 30, 2022 16.46 Bn
Mar 31, 2022 16.26 Bn
Dec 31, 2021 24.36 Bn
Sep 30, 2021 15.85 Bn
Jun 30, 2021 15.43 Bn
Mar 31, 2021 15.93 Bn