Cash Flow Statement
Growth Metrics

Fresenius Medical Care AG (FMS) Non-Current Debt (2009 - 2025)

Fresenius Medical Care AG (FMS) posted Non-Current Debt of $6.6 billion for Q4 2025, down 10.36% on a QoQ basis from $7.4 billion in Q3 2025, and down 0.97% year-over-year from $6.7 billion in Q4 2024.

Fresenius Medical Care AG (FMS) has 17 years of Non-Current Debt data on file, last reported at $6.6 billion in Q4 2025.

  • In Q4 2025, Non-Current Debt fell 0.97% year-over-year to $6.6 billion; the TTM figure through Dec 2025 stood at $6.6 billion (down 0.97% YoY), while the FY2025 annual figure was $6.6 billion, down 0.97% from the prior year.
  • Non-Current Debt fell to $6.6 billion in Q4 2025, from $7.4 billion in the prior quarter.
  • Across five years, Non-Current Debt topped out at $8.4 billion in Q1 2022 and bottomed at $6.5 billion in Q1 2025.
  • A 5-year average of $7.5 billion and a median of $7.6 billion in 2021 frame the typical range for Non-Current Debt.
  • Annual changes were most pronounced in 2021 — Non-Current Debt gained 18.9% — and 2025, when it slipped 15.15%.
  • Year by year, Non-Current Debt stood at $7.6 billion in 2021, then retreated by 3.79% to $7.3 billion in 2022, then gained by 2.36% to $7.5 billion in 2023, then slipped by 10.66% to $6.7 billion in 2024, then decreased by 0.97% to $6.6 billion in 2025.
  • The last three Non-Current Debt figures came in at $6.6 billion (Q4 2025), $7.4 billion (Q3 2025), and $7.2 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 39.49 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 13.13 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 10.51 Bn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 2.53 Bn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 136.49 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 3.95 Bn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 6.63 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 91.20 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 45.00 Mn
10 Option Care Health 3.27 Bn 3.09 Bn 262.01 Mn 1.15 Bn

Historic Data

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DateValue
Dec 31, 2025 6.63 Bn
Dec 31, 2025 6.63 Bn
Sep 30, 2025 7.39 Bn
Sep 30, 2025 7.39 Bn
Jun 30, 2025 7.16 Bn
Jun 30, 2025 7.16 Bn
Mar 31, 2025 6.47 Bn
Mar 31, 2025 6.47 Bn
Dec 31, 2024 6.69 Bn
Dec 31, 2024 6.69 Bn
Sep 30, 2024 6.85 Bn
Sep 30, 2024 6.85 Bn
Jun 30, 2024 7.38 Bn
Jun 30, 2024 7.38 Bn
Mar 31, 2024 7.62 Bn
Mar 31, 2024 7.62 Bn
Dec 31, 2023 7.49 Bn
Dec 31, 2023 7.49 Bn
Sep 30, 2023 7.91 Bn
Sep 30, 2023 7.91 Bn
Jun 30, 2023 7.62 Bn
Jun 30, 2023 7.62 Bn
Mar 31, 2023 7.87 Bn
Mar 31, 2023 7.87 Bn
Dec 31, 2022 7.32 Bn
Dec 31, 2022 7.32 Bn
Sep 30, 2022 8.14 Bn
Sep 30, 2022 8.14 Bn
Jun 30, 2022 7.75 Bn
Jun 30, 2022 7.75 Bn
Mar 31, 2022 8.36 Bn
Mar 31, 2022 8.36 Bn
Dec 31, 2021 7.60 Bn
Dec 31, 2021 7.60 Bn
Sep 30, 2021 7.75 Bn
Sep 30, 2021 7.75 Bn
Jun 30, 2021 7.83 Bn
Jun 30, 2021 7.83 Bn
Mar 31, 2021 7.62 Bn
Mar 31, 2021 7.62 Bn
Dec 31, 2020 8.11 Bn
Dec 31, 2020 8.11 Bn
Sep 30, 2020 8.15 Bn
Sep 30, 2020 8.15 Bn
Jun 30, 2020 6.91 Bn
Jun 30, 2020 6.91 Bn
Mar 31, 2020 6.41 Bn
Mar 31, 2020 6.41 Bn
Dec 31, 2019 7.15 Bn
Dec 31, 2019 7.15 Bn
Sep 30, 2019 6.77 Bn
Sep 30, 2019 6.77 Bn
Jun 30, 2019 6.66 Bn
Jun 30, 2019 6.66 Bn
Mar 31, 2019 6.46 Bn
Mar 31, 2019 6.46 Bn
Dec 31, 2018 5.76 Bn
Dec 31, 2018 5.76 Bn
Sep 30, 2018 5.86 Bn
Sep 30, 2018 5.86 Bn
Jun 30, 2018 6.55 Bn
Jun 30, 2018 6.55 Bn
Mar 31, 2018 7.12 Mn
Mar 31, 2018 7.12 Mn
Dec 31, 2017 6.82 Bn
Dec 31, 2017 6.82 Bn
Sep 30, 2017 6.85 Bn
Sep 30, 2017 6.85 Bn
Jun 30, 2017 7.02 Bn
Jun 30, 2017 7.02 Bn
Mar 31, 2017 -463.62 Mn
Mar 31, 2017 -463.62 Mn
Dec 31, 2016 7.38 Bn
Dec 31, 2016 7.38 Bn
Sep 30, 2016 7.17 Bn
Sep 30, 2016 7.17 Bn
Jun 30, 2016 7.70 Bn
Jun 30, 2016 7.70 Bn
Mar 31, 2016 7.85 Bn
Mar 31, 2016 7.85 Bn
Dec 31, 2015 7.91 Bn
Dec 31, 2015 7.91 Bn
Sep 30, 2015 8.35 Bn
Sep 30, 2015 8.35 Bn
Jun 30, 2015 6.46 Bn
Jun 30, 2015 6.46 Bn
Mar 31, 2015 8.60 Bn
Mar 31, 2015 8.60 Bn
Dec 31, 2014 9.28 Bn
Dec 31, 2014 9.28 Bn
Sep 30, 2014 7.71 Bn
Sep 30, 2014 7.71 Bn
Jun 30, 2014 8.44 Bn
Jun 30, 2014 8.44 Bn
Mar 31, 2014 8.02 Bn
Mar 31, 2014 8.02 Bn
Dec 31, 2013 7.68 Bn
Dec 31, 2013 7.68 Bn
Sep 30, 2013 7.77 Bn
Sep 30, 2013 7.77 Bn
Jun 30, 2013 7.66 Bn
Jun 30, 2013 7.66 Bn
Mar 31, 2013 7.30 Bn
Mar 31, 2013 7.30 Bn
Dec 31, 2012 7.71 Bn
Dec 31, 2012 7.71 Bn
Sep 30, 2012 7.73 Bn
Sep 30, 2012 7.73 Bn
Jun 30, 2012 5.54 Bn
Jun 30, 2012 5.54 Bn
Mar 31, 2012 5.58 Bn
Mar 31, 2012 5.58 Bn
Dec 31, 2011 5.50 Bn
Dec 31, 2011 5.50 Bn
Sep 30, 2011 5.49 Bn
Sep 30, 2011 5.49 Bn
Jun 30, 2011 5.59 Bn
Jun 30, 2011 5.59 Bn
Dec 31, 2010 4.31 Bn
Dec 31, 2010 4.31 Bn
Sep 30, 2010 4.31 Bn
Sep 30, 2010 4.31 Bn
Mar 31, 2010 3.03 Bn
Mar 31, 2010 3.03 Bn
Dec 31, 2009 4.59 Bn
Dec 31, 2009 4.59 Bn
Jun 30, 2009 4.42 Bn
Jun 30, 2009 4.42 Bn