Fresenius Medical Care AG (FMS) Operating Income (2009 - 2025)
Fresenius Medical Care AG (FMS) recorded quarterly Operating Income of $2.1 billion in Q4 2025, up 281.78% quarter-over-quarter from $557.1 million in Q3 2025, and up 42.94% on a YoY basis from $1.5 billion in Q4 2024.
Fresenius Medical Care AG (FMS) Operating Income (2009 - 2025) Analysis & Trends
Fresenius Medical Care AG's Operating Income history runs 17 years deep, the most recent figure standing at $2.1 billion for Q4 2025.
- In Q4 2025, Operating Income rose 42.94% year-over-year to $2.1 billion; the TTM figure through Dec 2025 stood at $3.5 billion (up 29.11% YoY), while the FY2025 annual figure was $2.1 billion, up 42.97% from the prior year.
- Operating Income was $2.1 billion for Q4 2025 at Fresenius Medical Care AG, up from $557.1 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $2.1 billion in Q4 2025 to a low of $267.2 million in Q1 2024.
- Historically, Operating Income has averaged $764.9 million across 5 years, with a median of $494.6 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Income tumbled 31.69% in 2022, then surged 44.07% in 2024.
- A 5-year view of Operating Income shows it stood at $2.1 billion in 2021, then dropped by 27.21% to $1.5 billion in 2022, then declined by 4.47% to $1.5 billion in 2023, then gained by 0.98% to $1.5 billion in 2024, then jumped by 42.94% to $2.1 billion in 2025.
- The last three Operating Income figures came in at $2.1 billion (Q4 2025), $557.1 million (Q3 2025), and $481.1 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -566.00 Mn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 1.30 Bn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 481.89 Mn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 59.70 Mn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 124.85 Mn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 502.86 Mn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 2.13 Bn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 84.58 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 120.04 Mn |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 95.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.13 Bn |
| Sep 30, 2025 | 557.06 Mn |
| Jun 30, 2025 | 481.08 Mn |
| Mar 31, 2025 | 348.17 Mn |
| Dec 31, 2024 | 1.49 Bn |
| Sep 30, 2024 | 508.14 Mn |
| Jun 30, 2024 | 457.68 Mn |
| Mar 31, 2024 | 267.24 Mn |
| Dec 31, 2023 | 1.47 Bn |
| Sep 30, 2023 | 352.70 Mn |
| Jun 30, 2023 | 388.75 Mn |
| Mar 31, 2023 | 280.14 Mn |
| Dec 31, 2022 | 1.54 Bn |
| Sep 30, 2022 | 475.55 Mn |
| Jun 30, 2022 | 363.87 Mn |
| Mar 31, 2022 | 390.57 Mn |
| Dec 31, 2021 | 2.12 Bn |
| Sep 30, 2021 | 595.54 Mn |
| Jun 30, 2021 | 510.88 Mn |
| Mar 31, 2021 | 571.76 Mn |