Fresenius Medical Care (FMS) Financial Ratios: P/E, ROE & More

Fresenius Medical Care (FMS) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Fresenius Medical Care had a P/E ratio of 11.64 (down from 24.09), return on equity of 7.9% (up from 4.8%), debt-to-equity of 0.76 (up from 0.70) and a current ratio of 1.26 (down from 1.40). A current ratio of 1.26 means current assets exceed current liabilities. Its dividend yield was 3.66% with a payout ratio of 43.2%.

Fresenius Medical Care Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.64	24.09	22.32	13.32	17.27	17.15
P/S Ratio	0.58	0.67	0.57	0.46	0.95	1.12
P/B Ratio	0.80	0.82	0.75	0.58	1.20	1.62
Price/FCF	6.45	7.68	5.73	6.21	10.24	6.28
Price/OCF	4.25	5.43	4.24	4.14	6.72	4.72
Enterprise Value Ratios
EV/Revenue	1.10	1.24	1.23	1.20	1.68	1.82
EV/EBITDA	8.22	10.22	9.85	9.29	10.59	9.99
EV/EBIT	11.54	15.58	15.74	15.17	15.56	13.71
EV/FCF	12.22	14.22	12.34	16.16	18.12	10.24
Profitability & Returns
Return on Equity (ROE)	7.93%	4.84%	4.84%	6.08%	9.27%	11.24%
Return on Assets (ROA)	3.62%	2.85%	2.73%	2.74%	3.60%	4.60%
Return on Invested Capital (ROIC)	6.04%	4.25%	4.11%	4.27%	6.01%	7.15%
Return on Capital Employed (ROCE)	7.60%	5.50%	5.50%	5.30%	7.00%	9.30%
Leverage & Solvency Ratios
Debt/Equity	0.76	0.70	0.81	0.85	0.95	1.00
Debt/EBITDA	3.31	3.64	3.85	4.06	3.82	3.12
Debt/FCF	6.12	6.52	6.21	9.15	8.15	3.89
Liquidity Ratios
Current Ratio	1.26	1.40	1.42	1.27	1.10	1.20
Quick Ratio	0.85	0.92	0.91	0.85	0.76	0.80
Efficiency Ratios
Asset Turnover	0.61	0.57	0.56	0.55	0.53	0.55
Inventory Turnover	6.94	6.87	6.49	6.69	6.53	6.92
Yield & Distribution Ratios
Earnings Yield	8.59%	4.15%	4.48%	7.51%	5.79%	5.83%
FCF Yield	15.51%	13.02%	17.46%	16.09%	9.77%	15.93%
Dividend Yield	3.66%	3.26%	3.14%	3.66%	2.36%	4.31%
Payout Ratio	43.19%	64.91%	65.86%	58.74%	40.49%	30.16%
Buyback Yield	0.76%	-	-0.06%	-0.06%	0.41%	2.80%
Total Return	4.41%	3.26%	3.08%	3.60%	2.78%	7.11%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fresenius Medical Care Financial Ratios

What is Fresenius Medical Care's P/E ratio?

Fresenius Medical Care's P/E ratio was 11.64 for fiscal 2025 (period ended Dec 31, 2025). It was 24.09 a year earlier.

What is Fresenius Medical Care's return on equity?

Fresenius Medical Care's return on equity (ROE) was 7.9% for fiscal 2025 (period ended Dec 31, 2025). It was 4.8% a year earlier.

What is Fresenius Medical Care's debt-to-equity ratio?

Fresenius Medical Care's debt-to-equity ratio was 0.76 for fiscal 2025 (period ended Dec 31, 2025). It was 0.70 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition