Fresenius SE & Co KGaA

Fresenius maintains a leveraged capital structure with total liabilities of €22.3 billion against total equity of €19.1 billion, resulting in a debt-to-equity ratio of 0.62. The company holds €111 million in cash and equivalents, which is insufficient to cover its €11.8 billion in long-term debt, creating a net cash deficit. Liquidity is supported by a current ratio of 1.32, indicating adequate short-term asset coverage for current liabilities. Operating cash flow stands at €2.57 billion, while free cash flow is €545 million after capital expenditures of €1.49 billion.

Profitability metrics show a return on equity of 7.69% and a return on assets of 3.55%. The company generated €22.87 billion in revenue, with a gross profit of €5.69 billion and operating income of €2.31 billion. Net income reached €1.26 billion. Without cohort median data provided in the input, these returns are assessed in isolation, showing modest leverage-adjusted profitability.

Analysts project 37.7% upside to a mean price target of EUR 53.42, reflecting strong buy consensus among 18 analysts.

Net income surged 168.4% year-over-year to EUR 1.26 billion in FY2026, demonstrating significant profitability recovery.

Long-term debt decreased substantially to EUR 11.83 billion in FY2026, improving the balance sheet from EUR 27.16 billion in FY2022.

Cash conversion ratio of 1.75 exceeds the cohort median of 1.22, indicating superior efficiency in generating cash from earnings.

Operating income grew 11.4% year-over-year to EUR 2.31 billion in FY2026, signaling expanding operational profitability.

The company faces high credit risk, posing a significant threat to financial stability and potential borrowing costs.

Revenue €5.82B, +2,0% YoY; Operating income −12,6% YoY.

• ▍Revenue €5.82B, +2,0% YoY
• ▍Operating income −12,6% YoY
• ▍Net income +90,0% YoY
• ▍Free cash flow +7,3% YoY
• ▍Net margin 7.5%

Revenue €6.16B, +5,2% YoY; Operating income +40,5% YoY.

• ▍Revenue €6.16B, +5,2% YoY
• ▍Operating income +40,5% YoY
• ▍Net income +50,4% YoY
• ▍Free cash flow −91,8% YoY
• ▍Net margin 5.9%

Revenue €5.49B, +3,2% YoY; Operating income −4,9% YoY.

• ▍Revenue €5.49B, +3,2% YoY
• ▍Operating income −4,9% YoY
• ▍Net income +5,5% YoY
• ▍Free cash flow −14,2% YoY
• ▍Net margin 6.3%

Revenue €5.58B, +2,6% YoY; Operating income +0,2% YoY.

• ▍Revenue €5.58B, +2,6% YoY
• ▍Operating income +0,2% YoY
• ▍Net income +188,5% YoY
• ▍Free cash flow −159,0% YoY
• ▍Net margin 5.9%

Revenue €5.71B; Operating income €689.0M.

• ▍Revenue €5.71B
• ▍Operating income €689.0M
• ▍Net margin 4.0%

Revenue €5.85B; Operating income €425.0M.

• ▍Revenue €5.85B
• ▍Operating income €425.0M
• ▍Net margin 4.1%

Revenue €5.32B; Operating income €490.0M.

• ▍Revenue €5.32B
• ▍Operating income €490.0M
• ▍Net margin 6.1%

Revenue €5.44B; Operating income €559.0M.

• ▍Revenue €5.44B
• ▍Operating income €559.0M
• ▍Net margin -6.9%

Revenue €22.87B, +4,2% YoY; Operating income +11,4% YoY.

• ▍Revenue €22.87B, +4,2% YoY
• ▍Operating income +11,4% YoY
• ▍Net income +168,4% YoY
• ▍Free cash flow −59,7% YoY
• ▍Net margin 5.5%

Revenue €21.95B, +4,2% YoY; Operating income +75,2% YoY.

• ▍Revenue €21.95B, +4,2% YoY
• ▍Operating income +75,2% YoY
• ▍Net income +179,3% YoY
• ▍Free cash flow +990,1% YoY
• ▍Net margin 2.1%

Revenue €21.07B, −2,2% YoY; Operating income −34,7% YoY.

• ▍Revenue €21.07B, −2,2% YoY
• ▍Operating income −34,7% YoY
• ▍Net income −143,3% YoY
• ▍Free cash flow −137,0% YoY
• ▍Net margin -2.8%

Revenue €21.53B, −42,6% YoY; Operating income −56,4% YoY.

• ▍Revenue €21.53B, −42,6% YoY
• ▍Operating income −56,4% YoY
• ▍Net income −24,5% YoY
• ▍Free cash flow −78,7% YoY
• ▍Net margin 6.4%