FMS (Fresenius Medical Care AG) Pre-Tax Income: $1,749 Mil (TTM As of Jun. 2026)

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FMS Fresenius Medical Care AG FMS
78 GF Score
Price $24.35
GF Value $23.95
Valuation Fairly Valued
! 3 Warning Signs
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What is Fresenius Medical Care AG Pre-Tax Income?

Fresenius Medical Care AG FMS +0.33% 78 Pre-Tax Income is $1,749 Mil as of Jun. 2026. GuruFocus rates FMS with a GF Score™ of 78/100 and a GF Value™ of $23.95 (Fairly Valued). The stock has 3 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Fresenius Medical Care AG's pretax income for the three months ended in Jun. 2026 was $441 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $1,749 Mil. Fresenius Medical Care AG's pretax margin was 7.88%.

During the past 13 years, Fresenius Medical Care AG's highest Pretax Margin was 16.54%. The lowest was 5.31%. And the median was 9.73%.


Fresenius Medical Care AG  (NYSE:FMS) Pre-Tax Income Explanation

Fresenius Medical Care AG's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=441.243/5599.73
=7.88%

During the past 13 years, Fresenius Medical Care AG's highest Pretax Margin was 16.54%. The lowest was 5.31%. And the median was 9.73%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fresenius Medical Care AG Pre-Tax Income Related Terms


Fresenius Medical Care AG Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Fresenius Medical Care AG's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fresenius Medical Care AG Pre-Tax Income Chart

Fresenius Medical Care AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,776.11 1,291.61 1,126.52 1,106.73 1,770.77

Fresenius Medical Care AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 404.33 472.50 595.39 239.90 441.24

FMS vs HCA, THC, DVA: Pre-Tax Income Comparison

For the Medical Care Facilities subindustry, Fresenius Medical Care AG's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fresenius Medical Care AG Pre-Tax Income vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG's Pre-Tax Income falls into.


FMS
78GF Score
Fresenius Medical Care AG FMS
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fresenius Medical Care AG Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Fresenius Medical Care AG's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=2139.138+0.248+-450.128+81.512+0
=1,771

Fresenius Medical Care AG's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=618.971+-82.272+-112.389+16.933+0
=441

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,749 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $1,749 Mil mean?
Fresenius Medical Care AG (FMS) has a Pre-Tax Income of $1,749 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Fresenius Medical Care AG and its competitors.
Is Fresenius Medical Care AG's Pre-Tax Income too high?
Fresenius Medical Care AG's current Pre-Tax Income is $1,749 Mil. Overall, Fresenius Medical Care AG has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fresenius Medical Care AG's Pre-Tax Income compare to HCA and THC?
Fresenius Medical Care AG's Pre-Tax Income of $1,749 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Healthcare Providers & Services company?
A good Pre-Tax Income depends on the Healthcare Providers & Services industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Fresenius Medical Care AG and its competitors. Fresenius Medical Care AG's current Pre-Tax Income is $1,749 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresenius Medical Care AG stock overvalued right now?
Based on GuruFocus' analysis, Fresenius Medical Care AG (FMS) is currently considered Fairly Valued. The stock's GF Value™ is $23.95, compared to a current price of $24.35 — trading 1.7% above its estimated fair value. The current Pre-Tax Income is $1,749 Mil. Fresenius Medical Care AG's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Fresenius Medical Care AG (FMS), the current Pre-Tax Income is $1,749 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fresenius Medical Care AG (FMS) Overvalued in 2026?

Based on GuruFocus' analysis, Fresenius Medical Care AG stock appears to be overvalued. The current stock price of $24.35 is trading 1.7% above its estimated GF Value™ of $23.95. GuruFocus considers Fresenius Medical Care AG to be Fairly Valued.

Key valuation signals for FMS:

  • Pre-Tax Income: $1,749 Mil
  • GF Value™: $23.95 vs. price of $24.35 (1.7% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the FMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fresenius Medical Care AG Business Description

Address Else-Kroner-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care is the largest dialysis company in the world, treating nearly 300,000 patients from about 3,600 clinics worldwide as of December 2025. 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.
78GF Score

Get the complete analysis for FMS

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.35
Price
$23.95
GF Value