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