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Fresenius Medical Care Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fresenius Medical Care and similar public comparables like Solventum, Penumbra, Fisher & Paykel, Align Technology and more.
Fresenius Medical Care Overview
About Fresenius Medical Care
Fresenius Medical Care is the largest dialysis company in the world, treating about 300,000 patients from nearly 3,700 clinics worldwide as of December 2024. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market, creating the world's only fully integrated dialysis business. Services account for about three-fourths of sales, while the balance is generated from medical technology products that enable dialysis treatments.
Founded
1996
HQ

Employees
109.7K
Website
Financials (LTM)
EV
$23B
Fresenius Medical Care Financials
Fresenius Medical Care reported last 12-month revenue of $23B and EBITDA of $4B.
In the same LTM period, Fresenius Medical Care generated $6B in gross profit, $4B in EBITDA, and $1B in net income.
Revenue (LTM)
Fresenius Medical Care P&L
In the most recent fiscal year, Fresenius Medical Care reported revenue of $23B and EBITDA of $4B.
Fresenius Medical Care expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $23B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fresenius Medical Care Stock Performance
Fresenius Medical Care has current market cap of $13B, and enterprise value of $23B.
Market Cap Evolution
Fresenius Medical Care's stock price is $45.89.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $13B | 0.0% | XXX | XXX | XXX | $4.22 |
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Start Free TrialFresenius Medical Care Valuation Multiples
Fresenius Medical Care trades at 1.0x EV/Revenue multiple, and 5.5x EV/EBITDA.
EV / Revenue (LTM)
Fresenius Medical Care Financial Valuation Multiples
As of April 19, 2026, Fresenius Medical Care has market cap of $13B and EV of $23B.
Equity research analysts estimate Fresenius Medical Care's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fresenius Medical Care has a P/E ratio of 10.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 5.5x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBIT | 9.2x | XXX | 9.1x | XXX | XXX | XXX |
| EV/Gross Profit | 3.9x | XXX | 3.9x | XXX | XXX | XXX |
| P/E | 10.8x | XXX | 10.9x | XXX | XXX | XXX |
| EV/FCF | 11.4x | XXX | 11.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fresenius Medical Care Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Fresenius Medical Care Margins & Growth Rates
Fresenius Medical Care's revenue in the last 12 month grew by 1%.
Fresenius Medical Care's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Fresenius Medical Care's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fresenius Medical Care's rule of X is 17% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Fresenius Medical Care Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 17% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fresenius Medical Care Public Comps
See public comps and valuation multiples for other Medical Devices and Medical Supplies comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fresenius Medical Care | XXX | XXX | XXX | XXX | XXX | XXX |
| Solventum | XXX | XXX | XXX | XXX | XXX | XXX |
| Penumbra | XXX | XXX | XXX | XXX | XXX | XXX |
| Fisher & Paykel | XXX | XXX | XXX | XXX | XXX | XXX |
| Align Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| United Imaging | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Fresenius Medical Care M&A Activity
Fresenius Medical Care acquired XXX companies to date.
Last acquisition by Fresenius Medical Care was on XXXXXXXX, XXXXX. Fresenius Medical Care acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fresenius Medical Care
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFresenius Medical Care Investment Activity
Fresenius Medical Care invested in XXX companies to date.
Fresenius Medical Care made its latest investment on XXXXXXXX, XXXXX. Fresenius Medical Care invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fresenius Medical Care
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Fresenius Medical Care
| When was Fresenius Medical Care founded? | Fresenius Medical Care was founded in 1996. |
| Where is Fresenius Medical Care headquartered? | Fresenius Medical Care is headquartered in Germany. |
| How many employees does Fresenius Medical Care have? | As of today, Fresenius Medical Care has over 109K employees. |
| Who is the CEO of Fresenius Medical Care? | Fresenius Medical Care's CEO is Joseph E. Turk. |
| Is Fresenius Medical Care publicly listed? | Yes, Fresenius Medical Care is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of Fresenius Medical Care? | Fresenius Medical Care trades under FME ticker. |
| When did Fresenius Medical Care go public? | Fresenius Medical Care went public in 1996. |
| Who are competitors of Fresenius Medical Care? | Fresenius Medical Care main competitors are Solventum, Penumbra, Fisher & Paykel, Align Technology. |
| What is the current market cap of Fresenius Medical Care? | Fresenius Medical Care's current market cap is $13B. |
| What is the current revenue of Fresenius Medical Care? | Fresenius Medical Care's last 12 months revenue is $23B. |
| What is the current revenue growth of Fresenius Medical Care? | Fresenius Medical Care revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Fresenius Medical Care? | Current revenue multiple of Fresenius Medical Care is 1.0x. |
| Is Fresenius Medical Care profitable? | Yes, Fresenius Medical Care is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fresenius Medical Care? | Fresenius Medical Care's last 12 months EBITDA is $4B. |
| What is Fresenius Medical Care's EBITDA margin? | Fresenius Medical Care's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Fresenius Medical Care? | Current EBITDA multiple of Fresenius Medical Care is 5.5x. |
| What is the current FCF of Fresenius Medical Care? | Fresenius Medical Care's last 12 months FCF is $2B. |
| What is Fresenius Medical Care's FCF margin? | Fresenius Medical Care's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Fresenius Medical Care? | Current FCF multiple of Fresenius Medical Care is 11.4x. |
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