Fresenius Medical Care revenue and financials
€40.35Change from previous close: +0.45%Absolute change: +€0.18
In the fiscal year ended December 2025, Fresenius Medical Care reported revenue of €19.63B (+1.51% year over year). Net income was €978.37M, a net margin of 5.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +1.51%
- 2025 vs 2024
- Net income growth
- +81.88%
- 2025 vs 2024
- Net margin
- 5.0%
- 2024: 2.8%
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 | 860 | 227 | 1,002 | 742 | 775 | 163 | 832 | 985 | 442 | 127 | 719 | 760 |
| Depreciation and amortization | 357 | 354 | 297 | 358 | 362 | 383 | 339 | 372 | 384 | 388 | 346 | 393 |
| Capital expenditure | -240 | -190 | -423 | -192 | -154 | -146 | -241 | -165 | -159 | -134 | -250 | -137 |
| Investing cash flow | -271 | -169 | -418 | -54.0 | -142 | -108 | -119 | -220 | 323 | -68.4 | -96.5 | -151 |
| Financing cash flow | -770 | -436 | -208 | -1,135 | 79.2 | -139 | -965 | -477 | -837 | -290 | -746 | -412 |
| Dividends paid | -400 | — | 0.0 | 0.0 | -423 | — | — | — | -349 | — | — | — |
| Share repurchases | -145 | -347 | -434 | -151 | — | 0.0 | — | — | — | — | — | — |
| Debt issued | 447 | 173 | 498 | 72.7 | 1,102 | 106 | -76.3 | 5.3 | -79.7 | 297 | -105 | -161 |
| Debt repaid | -594 | -189 | -212 | -677 | -555 | -185 | -762 | -395 | -383 | -535 | -575 | -181 |
| Effect of exchange rates | 2.1 | 18.7 | -32.2 | -16.2 | -70.7 | -22.4 | 50.8 | -12.4 | -7.7 | -4.5 | -24.0 | 16.7 |
| Net change in cash | -178 | -360 | 343 | -464 | 641 | -107 | -202 | 275 | -80.1 | -235 | -147 | 213 |
| Free cash flow | 620 | 36.8 | 579 | 549 | 621 | 17.1 | 591 | 819 | 283 | -6.6 | 469 | 623 |
| Levered free cash flow | 1,136 | -79.2 | 118 | 848 | 786 | -195 | 710 | 1,003 | 762 | -444 | 567 | 243 |