Cash Flow Statement
Growth Metrics

Fresenius Medical Care AG (FMS) Net Income (2009 - 2025)

Fresenius Medical Care AG (FMS) posted Net Income of $68.7 million for Q4 2025, down 82.05% on a QoQ basis from $382.7 million in Q3 2025, and up 134.74% year-over-year from $29.3 million in Q4 2024.

Fresenius Medical Care AG (FMS) has 17 years of Net Income data on file, last reported at $68.7 million in Q4 2025.

  • In Q4 2025, Net Income rose 134.74% year-over-year to $68.7 million; the TTM figure through Dec 2025 stood at $687.5 million (up 43.31% YoY), while the FY2025 annual figure was $1.4 billion, up 75.09% from the prior year.
  • Net Income declined to $68.7 million in Q4 2025, from $382.7 million in the prior quarter.
  • Across five years, Net Income topped out at $1.5 billion in Q4 2021 and bottomed at -$197.7 million in Q4 2024.
  • A 5-year average of $326.4 million and a median of $248.6 million in 2022 frame the typical range for Net Income.
  • Annual changes were most pronounced in 2021 — Net Income surged 423.44% — and 2024, when it slumped 171.65%.
  • Year by year, Net Income stood at $1.5 billion in 2021, then retreated by 17.1% to $1.2 billion in 2022, then tumbled by 77.72% to $275.9 million in 2023, then sank by 171.65% to -$197.7 million in 2024, then soared by 134.74% to $68.7 million in 2025.
  • The last three Net Income figures came in at $68.7 million (Q4 2025), $382.7 million (Q3 2025), and $37.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 1.86 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 906.00 Mn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 275.04 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 15.90 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 99.76 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 358.68 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 68.68 Mn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 66.30 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 80.67 Mn
10 Option Care Health 3.27 Bn 3.09 Bn 262.01 Mn 45.30 Mn

Historic Data

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DateValue
Dec 31, 2025 68.68 Mn
Sep 30, 2025 382.68 Mn
Jun 30, 2025 307.89 Mn
Mar 31, 2025 198.81 Mn
Dec 31, 2024 -197.69 Mn
Sep 30, 2024 289.92 Mn
Jun 30, 2024 259.52 Mn
Mar 31, 2024 128.00 Mn
Dec 31, 2023 275.92 Mn
Sep 30, 2023 160.02 Mn
Jun 30, 2023 212.28 Mn
Mar 31, 2023 143.67 Mn
Dec 31, 2022 1.24 Bn
Sep 30, 2022 285.27 Mn
Jun 30, 2022 219.82 Mn
Mar 31, 2022 237.72 Mn
Dec 31, 2021 1.49 Bn
Sep 30, 2021 390.62 Mn
Jun 30, 2021 336.86 Mn
Mar 31, 2021 366.70 Mn
Dec 31, 2020 285.43 Mn
Sep 30, 2020 490.30 Mn
Jun 30, 2020 470.23 Mn
Mar 31, 2020 387.48 Mn
Dec 31, 2019 447.96 Mn
Sep 30, 2019 436.19 Mn
Jun 30, 2019 353.54 Mn
Mar 31, 2019 372.81 Mn
Dec 31, 2018 561.57 Mn
Sep 30, 2018 405.42 Mn
Jun 30, 2018 1.26 Bn
Mar 31, 2018 405.06 Mn
Dec 31, 2017 552.22 Mn
Sep 30, 2017 436.50 Mn
Jun 30, 2017 371.44 Mn
Mar 31, 2017 401.64 Mn
Dec 31, 2016 476.00 Mn
Sep 30, 2016 411.87 Mn
Jun 30, 2016 374.57 Mn
Mar 31, 2016 303.87 Mn
Dec 31, 2015 394.00 Mn
Sep 30, 2015 1.53 Bn
Jun 30, 2015 309.63 Mn
Mar 31, 2015 157.38 Mn
Dec 31, 2014 1.70 Bn
Sep 30, 2014 -103.72 Mn
Jun 30, 2014 280.87 Mn
Mar 31, 2014 247.00 Mn
Dec 31, 2013 1.68 Bn
Sep 30, 2013 1.14 Bn
Jun 30, 2013 -56.68 Mn
Mar 31, 2013 291.34 Mn
Dec 31, 2012 1.33 Bn
Sep 30, 2012 -96.03 Mn
Jun 30, 2012 103.04 Mn
Mar 31, 2012 -845.19 Mn
Dec 31, 2011 339.20 Mn
Sep 30, 2011 -18.08 Mn
Jun 30, 2011 143.36 Mn
Mar 31, 2011 249.12 Mn
Dec 31, 2010 -168.84 Mn
Sep 30, 2010 269.98 Mn
Jun 30, 2010 269.27 Mn
Mar 31, 2010 230.23 Mn
Dec 31, 2009 -144.98 Mn
Sep 30, 2009 -131.69 Mn
Jun 30, 2009 239.03 Mn
Mar 31, 2009 321.55 Mn