Fresenius revenue and financials
€44.07Change from previous close: +0.66%Absolute change: +€0.29
In the fiscal year ended December 2025, Fresenius reported revenue of €22.87B (+4.19% year over year). Net income was €1.26B, a net margin of 5.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +4.19%
- 2025 vs 2024
- Net income growth
- +168.37%
- 2025 vs 2024
- Net margin
- 5.5%
- 2024: 2.1%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 344 | 389 | 1,344 | 756 | 418 | 56.0 | 958 | 779 | 708 | 2.0 | 1,687 | 1,408 |
| Depreciation and amortization | 258 | 262 | 161 | 265 | 256 | 253 | 77.0 | 255 | 315 | 259 | 346 | 284 |
| Capital expenditure | -241 | -196 | -480 | -235 | -234 | -203 | -411 | -231 | -147 | -191 | -387 | -261 |
| Investing cash flow | 41.0 | 29.0 | -433 | -274 | -167 | 59.0 | -343 | -108 | -11.0 | -48.0 | -1,796 | -603 |
| Financing cash flow | -1,174 | 45.0 | -1,709 | 657 | -1,397 | 26.0 | 154 | -296 | -560 | -1,481 | 2.0 | -629 |
| Dividends paid | -591 | 0.0 | 0.0 | -28.0 | -560 | -96.0 | — | — | — | — | -7.0 | — |
| Debt issued | 35.0 | 132 | 415 | 977 | 5.0 | 727 | 287 | -64.0 | -169 | 248 | 1,178 | 253 |
| Debt repaid | -618 | -86.0 | -2,117 | -292 | -843 | -605 | -152 | -193 | -405 | -1,728 | -611 | -427 |
| Effect of exchange rates | 10.0 | 10.0 | 0.0 | 2.0 | -26.0 | -9.0 | 11.0 | -6.0 | -8.0 | 1.0 | 57.0 | 1.0 |
| Net change in cash | -780 | 474 | -779 | 1,138 | -1,161 | 105 | 788 | 386 | 89.0 | -1,543 | 1,467 | -1,376 |
| Free cash flow | 103 | 193 | 864 | 521 | 184 | -147 | 547 | 548 | 561 | -189 | 1,300 | 1,147 |
| Levered free cash flow | 88.4 | 89.8 | 512 | 1,023 | 142 | -71.0 | 345 | 560 | 600 | -153 | 13,860 | -10,900 |