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Fresenius Medical Care AG vs Davita: FMS and DVA compared
Fresenius Medical Care AG is the larger company: $9.9B of revenue in its latest quarter (Q3 2026) against $3.6B for Davita (Q3 2026). Davita is growing faster (+5% against +1% a year earlier). Davita is more profitable, with an operating margin of 14.0% against 3.9%.
Where the money goes: FMS and DVA
Fresenius Medical Care AG (FMS) · Q3 2026
Fresenius Medical Care AG, Q3 2026: revenue $9.9B (+1% year over year), operating margin 3.9%, net earnings $160M. The chart follows the revenue to costs, profit and cash.
Davita (DVA) · Q3 2026
Davita, Q3 2026: revenue $3.6B (+5% year over year), operating margin 14.0%, net earnings $223M, operating cash flow $519M. The chart follows the revenue to costs, profit and cash.
| Fresenius Medical Care AG (FMS) | Davita (DVA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $9.9B | $3.6B |
| Revenue growth, Y/Y | +1% | +5% |
| Operating margin | 3.9% | 14.0% |
| Net earnings | $160M | $223M |
| Net margin | 1.6% | 6.2% |
| Operating cash flow | — | $519M |
| Free cash flow | — | $276M |
| Market value | — | $12.5B |
| P/E | — | 14.2× |
| Analysts’ mean target | — | $222.29 |
Where the revenue comes from
Fresenius Medical Care AG
- 2 a), 14: $4.9B (50%)
- Healthcare services: $3.3B (34%)
- Healthcare products: $1.1B (11%)
- Insurance contracts: $504M (5%)
Davita
- U. S. Dialysis and Related Lab Services: $3.0B (85%)
- Other - Ancillary Services: $550M (15%)
Questions
Which is bigger, Fresenius Medical Care AG or Davita?
Fresenius Medical Care AG is the larger company: $9.9B of revenue in its latest quarter (Q3 2026) against $3.6B for Davita (Q3 2026).
Is Fresenius Medical Care AG or Davita growing faster?
Davita is growing faster (+5% against +1% a year earlier).
Which is more profitable, Fresenius Medical Care AG or Davita?
Davita is more profitable, with an operating margin of 14.0% against 3.9%.
More: Fresenius Medical Care AG earnings · how Fresenius Medical Care AG makes money · Davita earnings · how Davita makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Nov 3, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.