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Fresenius Medical Care AG

FMS

Last
$21.06
Day
+0.9%
1y
-23.1%
5y
-40.8%
52w
-24.5%
SPY YTD
+13.3%
XLV
+8.1%
Earnings
2026-11-0323d
EMA 21
22.14
EMA 50
22.67
EMA 200
23.22
20d high
-9.6%
5y high
-42.1%
5y range
35th
Website · 107,226 employees · Germany

Positions held

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Score
-27
Hold
avoid
Signal
Strong Sell
Target
$21.84
Stop
$20.08
Stop distance
4.7%
Target vs last
+3.7%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • Fresenius Medical Care AG operates in a stable industry with a growing demand for medical care facilities, driven by an aging population and increasing prevalence of chronic diseases.
  • In the most recent quarter, revenue increased by 5% compared to the prior quarter, reaching $4.9 billion.
  • The gross margin improved to 27% from 25.6% in the previous quarter.
Bear case
  • The company's current market sentiment is negative, with a 'Strong Sell' signal indicating potential challenges ahead.
  • Fresenius Medical Care's trailing P/E ratio is 11.56, which is relatively low compared to industry averages, suggesting undervaluation but also potential concerns about future growth.
  • The operating margin has been inconsistent, with a decline from 10.83% in Q4 2025 to 8.14% in Q1 2026.

Fundamentals

Market cap$11.11BEnterprise value$22.00BTrailing P/E10.76Forward P/E6.99
PEG0.67Price / book0.77Beta0.81Dividend yield4.17%
Revenue growth1.4%Earnings growth5.5%Gross margin26.4%Operating margin10.8%
Profit margin4.8%ROE8.5%ROA4.0%Debt / equity0.81
Current ratio1.07Free cash flow$2.02BAnalyst recommendationholdMean target$24.03
52w high$27.5452w low$20.02

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q22025-Q1
Revenue$4.9B$4.6B$5.1B$4.9B$4.8B—
Op margin11.1%8.1%10.8%10.3%7.9%—
Net income$218M$118M$327M$275M$225M—
Gross margin27.0%25.6%27.4%25.4%25.3%—
Gross profit$1.3B$1.2B$1.4B$1.2B$1.2B—
Operating income$537M$376M$549M$502M$380M—
  • Revenue +5% vs prior quarter ($4.9B vs $4.6B).
  • Gross margin 27% (was 25.6% prior quarter).
  • Operating margin expanded to 11%.

Yearly (6y)

2025202420232022
Revenue$19.6B$19.3B$19.5B$19.4B
Op margin9.3%7.6%7.6%7.5%
Net income$978M$538M$499M$673M
Gross margin25.6%24.6%25.3%25.2%
Gross profit$5.0B$4.8B$4.9B$4.9B
Operating income$1.8B$1.5B$1.5B$1.5B
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

FMS · daily-7.2% over 13 sessions
Close EMA21 EMA50 EMA200
20.0920.8721.6622.4423.222026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
$0M$1.3B$2.5B$3.8B$5.1B0%14%27%2025-Q22025-Q32025-Q42026-Q12026-Q2