Filing Flows › Fresenius Medical Care AG (FMS) › Q1 2025
Fresenius Medical Care AG (FMS) Q1 2025 earnings results (first quarter 2025)
6-K filed May 6, 2025
Fresenius Medical Care AG (FMS) reported revenue of $4.9B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -4% from the quarter before. Operating margin was 6.8%, net earnings $151M (3.1% of revenue).
Fresenius Medical Care AG, Q1 2025: revenue $4.9B (+3% year over year), operating margin 6.8%, net earnings $151M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | -4% | +3% |
| Operating profit | $331M | +28% | +35% |
| Net earnings | $151M | +126% | +113% |
| Operating cash flow | $163M | — | +28% |
| Free cash flow | $17.1M | — | — |
What changed
Revenue was €4.9B in Q1 2025, up 3% year over year and down 4% from the previous quarter. Health care services was the largest line at 77% of revenue. Health care products added €0.13B year over year (up 13%), 80% of the total change.
Operating profit was €0.33B, a 6.8% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 5% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were €0.15B, up 113% year over year. The effective tax rate was 24.4%.
Operating cash flow was €0.16B (up 28% year over year), 86% of net income including minority interests. Working capital and other items used €0.03B. Capital expenditures of €0.15B left free cash flow of €0.02B.
Questions
What was Fresenius Medical Care AG's revenue in the first quarter 2025?
Fresenius Medical Care AG (FMS) reported revenue of $4.9B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -4% from the quarter before.
Was Fresenius Medical Care AG profitable in the first quarter 2025?
Operating profit was $331M (6.8% of revenue) and net earnings $151M.