Cash Flow Statement
Growth Metrics

Fresenius Medical Care AG (FMS) Times Interest Earned (2009 - 2025)

Fresenius Medical Care AG (FMS) posted Times Interest Earned of $18.34 for Q4 2025, up 258.36% on a QoQ basis from $5.12 in Q3 2025, and up 33.01% year-over-year from $13.79 in Q4 2024.

Fresenius Medical Care AG (FMS) has 17 years of Times Interest Earned data on file, last reported at $18.34 in Q4 2025.

  • In Q4 2025, Times Interest Earned rose 33.01% year-over-year to $18.34; the TTM figure through Dec 2025 stood at $8.07 (up 30.76% YoY), while the FY2025 annual figure was $4.75, up 38.75% from the prior year.
  • Times Interest Earned improved to $18.34 in Q4 2025, from $5.12 in the prior quarter.
  • Across five years, Times Interest Earned topped out at $19.48 in Q4 2021 and bottomed at $2.37 in Q1 2024.
  • A 5-year average of $7.09 and a median of $4.88 in 2022 frame the typical range for Times Interest Earned.
  • Annual changes were most pronounced in 2023 — Times Interest Earned plunged 44.17% — and 2024, when it soared 64.07%.
  • Year by year, Times Interest Earned stood at $19.48 in 2021, then dropped by 22.46% to $15.11 in 2022, then dropped by 18.8% to $12.27 in 2023, then advanced by 12.42% to $13.79 in 2024, then surged by 33.01% to $18.34 in 2025.
  • The last three Times Interest Earned figures came in at $18.34 (Q4 2025), $5.12 (Q3 2025), and $4.4 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn -0.97
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 6.32
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 3.32
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 1.88
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 64.62
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 13.54
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 18.34
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 165.19
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 18.69
10 Option Care Health 3.27 Bn 3.09 Bn 262.01 Mn 5.45

Historic Data

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DateValue
Dec 31, 2025 18.34
Sep 30, 2025 5.12
Jun 30, 2025 1.08
Mar 31, 2025 3.45
Dec 31, 2024 13.79
Sep 30, 2024 4.67
Jun 30, 2024 4.13
Mar 31, 2024 2.37
Dec 31, 2023 12.27
Sep 30, 2023 2.85
Jun 30, 2023 3.40
Mar 31, 2023 2.76
Dec 31, 2022 15.11
Sep 30, 2022 5.10
Jun 30, 2022 4.04
Mar 31, 2022 4.18
Dec 31, 2021 19.48
Sep 30, 2021 6.01
Jun 30, 2021 5.11
Mar 31, 2021 5.21
Dec 31, 2020 23.36
Sep 30, 2020 6.63
Jun 30, 2020 6.36
Mar 31, 2020 4.91
Dec 31, 2019 19.32
Sep 30, 2019 4.72
Jun 30, 2019 4.65
Mar 31, 2019 3.95
Dec 31, 2018 17.46
Sep 30, 2018 6.21
Jun 30, 2018 17.09
Mar 31, 2018 4.61
Dec 31, 2017 25.13
Sep 30, 2017 6.18
Jun 30, 2017 6.55
Mar 31, 2017 5.36
Dec 31, 2016 7.38
Sep 30, 2016 6.12
Jun 30, 2016 9.83
Mar 31, 2016 4.73
Dec 31, 2015 5.29
Sep 30, 2015 15.92
Jun 30, 2015 9.61
Mar 31, 2015 3.11
Dec 31, 2014 -6.50
Sep 30, 2014 5.33
Jun 30, 2014 5.01
Mar 31, 2014 3.98
Dec 31, 2013 5.96
Sep 30, 2013 4.98
Jun 30, 2013 4.96
Mar 31, 2013 4.29
Dec 31, 2012 -2.35
Sep 30, 2012 14.41
Jun 30, 2012 5.05
Mar 31, 2012 4.22
Dec 31, 2011 -9.90
Sep 30, 2011 6.28
Jun 30, 2011 5.65
Mar 31, 2011 5.43
Dec 31, 2010 -11.32
Sep 30, 2010 6.57
Jun 30, 2010 11.66
Mar 31, 2010 5.78
Dec 31, 2009 6.14
Sep 30, 2009 5.66
Jun 30, 2009 5.02
Mar 31, 2009 5.04