Fresenius Medical Care AG (FMS) Research & Development (2009 - 2026)
Fresenius Medical Care AG (FMS) posted quarterly Research & Development of $44.9 million for Q1 2026, down 1.94% year-over-year from $45.7 million in Q1 2025, and down 1.21% quarter-over-quarter from $45.4 million in Q4 2025.
Fresenius Medical Care AG (FMS) Research & Development (2009 - 2026) Analysis & Trends
Fresenius Medical Care AG's Research & Development history runs 18 years deep, the most recent figure standing at $44.9 million for Q1 2026.
- In Q1 2026, Research & Development fell 1.94% year-over-year to $44.9 million; the TTM figure through Mar 2026 stood at $177.4 million (down 7.72% YoY), while the FY2025 annual figure was $183.9 million, down 5.95% from the prior year.
- Research & Development for Q1 2026 stood at $44.9 million, down from $45.4 million in the prior quarter.
- The five-year high for Research & Development was $71.0 million in Q4 2023, with the low at $43.0 million in Q2 2025.
- The 5-year median for Research & Development is $53.4 million (2024), against an average of $53.7 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development climbed 12.26% in 2023, then slipped 24.76% in 2024.
- Fresenius Medical Care AG's Research & Development stood at $63.3 million in 2022, then advanced by 12.26% to $71.0 million in 2023, then decreased by 24.76% to $53.4 million in 2024, then declined by 15.03% to $45.4 million in 2025, then fell by 1.21% to $44.9 million in 2026.
- Business Quant data shows FMS's Research & Development at $44.9 million in Q1 2026, $45.4 million in Q4 2025, and $44.1 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | - |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | - |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | - |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | - |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | - |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | - |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | - |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | - |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | - |
| 10 | Fresenius Medical Care AG | 2.11 Bn | 422.92 Mn | 1.52 Bn | 46.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 46.06 Mn |
| Mar 31, 2026 | 44.85 Mn |
| Dec 31, 2025 | 45.40 Mn |
| Sep 30, 2025 | 44.13 Mn |
| Jun 30, 2025 | 43.01 Mn |
| Mar 31, 2025 | 45.74 Mn |
| Dec 31, 2024 | 53.43 Mn |
| Sep 30, 2024 | 43.98 Mn |
| Jun 30, 2024 | 49.09 Mn |
| Mar 31, 2024 | 51.93 Mn |
| Dec 31, 2023 | 71.01 Mn |
| Sep 30, 2023 | 57.70 Mn |
| Jun 30, 2023 | 62.27 Mn |
| Mar 31, 2023 | 59.85 Mn |
| Dec 31, 2022 | 63.26 Mn |
| Sep 30, 2022 | 61.99 Mn |
| Jun 30, 2022 | 58.69 Mn |
| Mar 31, 2022 | 55.75 Mn |
| Dec 31, 2021 | 77.79 Mn |
| Sep 30, 2021 | 61.32 Mn |