Fresenius Medical Care Detailed Consensus >> Group
Consensus as of: 2026-07-27

KPI[EUR m]Q1 2025Q2 2025Q1-Q2 2025FY 2025Q1 2026Q2 2026 EH1 2026 EFY 2026 EFY 2027 E
Total RevenueNumber of Estimates12122020
Total RevenueHighest4,8349,44620,15820,906
Total RevenueConsensus (Mean)4,8814,7929,67319,6284,6124,7929,40419,38020,115
Total RevenueMedian4,7969,40819,30320,062
Total RevenueLowest4,7299,34119,02019,685
Total Revenue growth as reported (in % )Number of Estimates12122020
Total Revenue growth as reported (in % )Highest0.9-2.32.75.4
Total Revenue growth as reported (in % )Consensus (Mean)3.30.51.91.5-5.50.0-2.8-1.33.8
Total Revenue growth as reported (in % )Median0.1-2.7-1.73.7
Total Revenue growth as reported (in % )Lowest-1.3-3.4-3.12.8
Total Revenue growth at constant currency (in %)Number of Estimates1081111
Total Revenue growth at constant currency (in %)Highest4.93.32.45.4
Total Revenue growth at constant currency (in %)Consensus (Mean)1.25.03.15.43.12.62.81.13.7
Total Revenue growth at constant currency (in %)Median2.62.90.83.8
Total Revenue growth at constant currency (in %)Lowest1.22.30.12.9
Total Operating incomeNumber of Estimates11111818
Total Operating incomeHighest4377231,9072,232
Total Operating incomeConsensus (Mean)3314257571,8272863806661,6772,003
Total Operating incomeMedian3776631,6572,044
Total Operating incomeLowest3296151,4721,617
Total Operating income, excl. special itemsNumber of Estimates12121616
Total Operating income, excl. special itemsHighest5501,0172,1832,334
Total Operating income, excl. special itemsConsensus (Mean)4574769332,2124675159822,0502,180
Total Operating income, excl. special itemsMedian5149812,0282,190
Total Operating income, excl. special itemsLowest4779441,9702,010
Total Operating income excl. special items growth as reported (in %)Number of Estimates12121616
Total Operating income excl. special items growth as reported (in %)Highest15.59.0-1.317.5
Total Operating income excl. special items growth as reported (in %)Consensus (Mean)13.49.211.223.12.28.15.2-7.36.4
Total Operating income excl. special items growth as reported (in %)Median7.95.1-8.36.5
Total Operating income excl. special items growth as reported (in %)Lowest0.11.1-10.9-3.7
Total Operating income margin excl. special items (in %)Number of Estimates1291616
Total Operating income margin excl. special items (in %)Highest11.510.811.411.6
Total Operating income margin excl. special items (in %)Consensus (Mean)9.49.99.611.310.110.710.410.610.9
Total Operating income margin excl. special items (in %)Median10.710.310.510.9
Total Operating income margin excl. special items (in %)Lowest10.010.110.29.9
Financial result (net interest expense)Number of Estimates11111919
Financial result (net interest expense)Highest90169377407
Financial result (net interest expense)Consensus (Mean)81751553157985164346347
Financial result (net interest expense)Median85164349343
Financial result (net interest expense)Lowest77156306296
Income tax expenseNumber of Estimates10101919
Income tax expenseHighest90133424500
Income tax expenseConsensus (Mean)61781393214373116320413
Income tax expenseMedian72115299403
Income tax expenseLowest58101258324
Net Income totalNumber of Estimates10101717
Net Income totalHighest3525161,2041,426
Net Income totalConsensus (Mean)1892724631,1911642323961,0071,243
Net Income totalMedian2133771,0001,268
Net Income totalLowest186350857918
MinoritiesNumber of Estimates11111919
MinoritiesHighest75121281300
MinoritiesConsensus (Mean)3847872134657103219234
MinoritiesMedian59105220227
MinoritiesLowest4187170179
Attributable Net IncomeNumber of Estimates11111717
Attributable Net IncomeHighest2934119591,248
Attributable Net IncomeConsensus (Mean)1512253769781181742927871,009
Attributable Net IncomeMedian1542727761,040
Attributable Net IncomeLowest138256628674
Attributable Net income excl. special itemsNumber of Estimates12121919
Attributable Net income excl. special itemsHighest3646151,2561,347
Attributable Net income excl. special itemsConsensus (Mean)2462685141,2482512815321,0831,163
Attributable Net income excl. special itemsMedian2775281,0761,153
Attributable Net income excl. special itemsLowest241492855999
Attributable Net Income excl. special items growth as reported (in %)Number of Estimates12121919
Attributable Net Income excl. special items growth as reported (in %)Highest35.819.70.650.4
Attributable Net Income excl. special items growth as reported (in %)Consensus (Mean)31.326.028.538.21.74.83.5-13.27.8
Attributable Net Income excl. special items growth as reported (in %)Median3.32.7-13.86.6
Attributable Net Income excl. special items growth as reported (in %)Lowest-9.9-4.2-31.5-3.8
No. Shares weighted average (m)Number of Estimates1381616
No. Shares weighted average (m)Highest269.204275.036280.746275.250
No. Shares weighted average (m)Consensus (Mean)293.413293.413293.413291.191275.246268.497271.637272.209263.716
No. Shares weighted average (m)Median268.438271.833271.350264.685
No. Shares weighted average (m)Lowest268.438268.400264.093245.774
EPS (basic) (in EUR)Number of Estimates11111616
EPS (basic) (in EUR)Highest1.061.493.534.29
EPS (basic) (in EUR)Consensus (Mean)0.520.771.283.360.430.681.112.853.77
EPS (basic) (in EUR)Median0.661.092.834.02
EPS (basic) (in EUR)Lowest0.530.962.322.56
Dividend per share (in EUR)Number of Estimates--1616
Dividend per share (in EUR)Highest--1.691.93
Dividend per share (in EUR)Consensus (Mean)---1.49---1.451.55
Dividend per share (in EUR)Median--1.431.53
Dividend per share (in EUR)Lowest--1.301.27
EBITDANumber of Estimates661313
EBITDAHighest9291,6783,5383,894
EBITDAConsensus (Mean)7268011,5263,3277498121,5613,2753,546
EBITDAMedian8001,5493,2393,607
EBITDALowest7481,4973,0243,175
U.S. Revenue, Care DeliveryNumber of Estimates88109
U.S. Revenue, Care DeliveryHighest2,9175,68211,82812,183
U.S. Revenue, Care DeliveryConsensus (Mean)2,8922,8175,70911,5072,7652,8655,63011,42811,814
U.S. Revenue, Care DeliveryMedian2,8745,63911,37711,717
U.S. Revenue, Care DeliveryLowest2,7825,54711,13211,609
U.S. Revenue, Care Delivery growth (in %)Number of Estimates88109
U.S. Revenue, Care Delivery growth (in %)Highest3.5-0.52.84.0
U.S. Revenue, Care Delivery growth (in %)Consensus (Mean)3.5-1.70.8-0.2-4.41.7-1.4-0.73.1
U.S. Revenue, Care Delivery growth (in %)Median2.0-1.2-1.13.0
U.S. Revenue, Care Delivery growth (in %)Lowest-1.2-2.8-3.32.4
U.S. Revenue, Care Delivery growth at constant currency (in %)Number of Estimates76109
U.S. Revenue, Care Delivery growth at constant currency (in %)Highest6.26.25.04.0
U.S. Revenue, Care Delivery growth at constant currency (in %)Consensus (Mean)0.33.41.84.26.44.65.22.22.7
U.S. Revenue, Care Delivery growth at constant currency (in %)Median5.05.31.42.9
U.S. Revenue, Care Delivery growth at constant currency (in %)Lowest1.94.10.81.2
International Revenue, Care DeliveryNumber of Estimates88109
International Revenue, Care DeliveryHighest5831,1122,3122,418
International Revenue, Care DeliveryConsensus (Mean)5555641,1192,2295295531,0822,2472,331
International Revenue, Care DeliveryMedian5521,0812,2502,332
International Revenue, Care DeliveryLowest5131,0422,1692,256
International Revenue, Care Delivery growth (in %)Number of Estimates88109
International Revenue, Care Delivery growth (in %)Highest3.3-0.63.74.8
International Revenue, Care Delivery growth (in %)Consensus (Mean)-19.1-8.2-14.0-10.0-5.0-1.9-3.30.84.0
International Revenue, Care Delivery growth (in %)Median-2.1-3.40.94.0
International Revenue, Care Delivery growth (in %)Lowest-9.0-6.9-2.73.1
International Revenue, Care Delivery growth at constant currency (in %)Number of Estimates76109
International Revenue, Care Delivery growth at constant currency (in %)Highest4.51.25.14.5
International Revenue, Care Delivery growth at constant currency (in %)Consensus (Mean)-19.0-8.1-13.8-9.3-2.1-0.2-1.32.03.8
International Revenue, Care Delivery growth at constant currency (in %)Median-1.0-1.61.94.0
International Revenue, Care Delivery growth at constant currency (in %)Lowest-2.0-3.1-2.23.0
Total Care Delivery RevenueNumber of Estimates11111413
Total Care Delivery RevenueHighest3,4756,76914,04514,477
Total Care Delivery RevenueConsensus (Mean)3,4473,3816,82813,7363,2943,4216,71513,69914,144
Total Care Delivery RevenueMedian3,4266,72013,64914,078
Total Care Delivery RevenueLowest3,3656,65913,41713,932
Total Care Delivery, Revenue growth (in %)Number of Estimates11111413
Total Care Delivery, Revenue growth (in %)Highest2.8-0.92.24.0
Total Care Delivery, Revenue growth (in %)Consensus (Mean)-1.0-2.9-1.9-1.9-4.41.2-1.7-0.33.1
Total Care Delivery, Revenue growth (in %)Median1.3-1.6-0.63.1
Total Care Delivery, Revenue growth (in %)Lowest-0.5-2.5-2.32.4
Total Care Delivery Revenue growth at constant currency (in %)Number of Estimates951110
Total Care Delivery Revenue growth at constant currency (in %)Highest5.14.74.34.0
Total Care Delivery Revenue growth at constant currency (in %)Consensus (Mean)-3.51.3-1.11.85.03.94.11.72.6
Total Care Delivery Revenue growth at constant currency (in %)Median4.03.91.52.7
Total Care Delivery Revenue growth at constant currency (in %)Lowest2.33.7-2.20.8
Operating income, Care DeliveryNumber of Estimates6666
Operating income, Care DeliveryHighest4206911,5771,820
Operating income, Care DeliveryConsensus (Mean)3203466661,6142713786491,5351,664
Operating income, Care DeliveryMedian3846551,5411,707
Operating income, Care DeliveryLowest3275981,4661,350
Operating income, Care Delivery excl. special itemsNumber of Estimates10101211
Operating income, Care Delivery excl. special itemsHighest5079051,8391,920
Operating income, Care Delivery excl. special itemsConsensus (Mean)3563787341,8013984548521,7721,765
Operating income, Care Delivery excl. special itemsMedian4538511,7561,773
Operating income, Care Delivery excl. special itemsLowest3557531,7201,538
Operating income Care Delivery excl. special items growth (in %)Number of Estimates10101211
Operating income Care Delivery excl. special items growth (in %)Highest34.123.32.15.7
Operating income Care Delivery excl. special items growth (in %)Consensus (Mean)9.2-0.34.113.011.620.116.1-1.6-0.5
Operating income Care Delivery excl. special items growth (in %)Median19.715.9-2.5-0.6
Operating income Care Delivery excl. special items growth (in %)Lowest-6.12.6-4.5-11.9
Value-Based Care RevenueNumber of Estimates11111413
Value-Based Care RevenueHighest5311,0212,3102,491
Value-Based Care RevenueConsensus (Mean)5295061,0352,2474904819712,0192,173
Value-Based Care RevenueMedian4909801,9732,145
Value-Based Care RevenueLowest4339231,8652,008
Value-Based Care Revenue growth (in %)Number of Estimates11111413
Value-Based Care Revenue growth (in %)Highest5.0-1.32.816.2
Value-Based Care Revenue growth (in %)Consensus (Mean)25.022.023.528.2-7.4-5.0-6.2-10.27.1
Value-Based Care Revenue growth (in %)Median-3.1-5.3-12.25.9
Value-Based Care Revenue growth (in %)Lowest-14.4-10.8-17.00.0
Value-Based Care Revenue growth at constant currency (in %)Number of Estimates971110
Value-Based Care Revenue growth at constant currency (in %)Highest8.04.0-2.215.0
Value-Based Care Revenue growth at constant currency (in %)Consensus (Mean)21.228.424.733.93.0-0.5-0.6-7.65.1
Value-Based Care Revenue growth at constant currency (in %)Median0.0-1.5-9.05.0
Value-Based Care Revenue growth at constant currency (in %)Lowest-10.0-3.9-12.5-9.5
Operating income Value-Based CareNumber of Estimates6676
Operating income Value-Based CareHighest1651535
Operating income Value-Based CareConsensus (Mean)3-9-61-113-8-217
Operating income Value-Based CareMedian5-6716
Operating income Value-Based CareLowest-15-26-307
Operating income Value-Based Care excl. special itemsNumber of Estimates10101211
Operating income Value-Based Care excl. special itemsHighest16255965
Operating income Value-Based Care excl. special itemsConsensus (Mean)4-9-5394131425
Operating income Value-Based Care excl. special itemsMedian514821
Operating income Value-Based Care excl. special itemsLowest-90-57
Care Enablement RevenueNumber of Estimates11111413
Care Enablement RevenueHighest1,3832,6825,7826,009
Care Enablement RevenueConsensus (Mean)1,3671,3482,7155,4761,2991,3632,6625,5585,788
Care Enablement RevenueMedian1,3662,6655,5355,780
Care Enablement RevenueLowest1,3382,6375,4215,475
Total Care Enablement Revenue growth (in %)Number of Estimates11111413
Total Care Enablement Revenue growth (in %)Highest2.6-1.25.67.0
Total Care Enablement Revenue growth (in %)Consensus (Mean)5.4-1.12.0-1.4-5.01.1-2.01.54.5
Total Care Enablement Revenue growth (in %)Median1.3-1.81.14.4
Total Care Enablement Revenue growth (in %)Lowest-0.7-2.9-1.01.0
Total Care Enablement Revenue growth at constant currency (in %)Number of Estimates971110
Total Care Enablement Revenue growth at constant currency (in %)Highest4.02.66.17.0
Total Care Enablement Revenue growth at constant currency (in %)Consensus (Mean)4.93.44.12.21.12.22.03.44.1
Total Care Enablement Revenue growth at constant currency (in %)Median2.02.03.64.1
Total Care Enablement Revenue growth at constant currency (in %)Lowest0.01.31.01.0
Operating income, Care EnablementNumber of Estimates6666
Operating income, Care EnablementHighest95182455609
Operating income, Care EnablementConsensus (Mean)94891833268786173400539
Operating income, Care EnablementMedian95182415548
Operating income, Care EnablementLowest66153277451
Operating income, Care Enablement excl. special itemsNumber of Estimates10101211
Operating income, Care Enablement excl. special itemsHighest131244562665
Operating income, Care Enablement excl. special itemsConsensus (Mean)114117231442113110223517590
Operating income, Care Enablement excl. special itemsMedian111224518586
Operating income, Care Enablement excl. special itemsLowest67180452471
Operating income, Care Enablement excl. special items growth (in %)Number of Estimates10101211
Operating income, Care Enablement excl. special items growth (in %)Highest12.05.627.121.9
Operating income, Care Enablement excl. special items growth (in %)Consensus (Mean)50.175.762.131.5-1.0-5.9-3.416.914.8
Operating income, Care Enablement excl. special items growth (in %)Median-5.1-3.017.115.8
Operating income, Care Enablement excl. special items growth (in %)Lowest-42.7-22.12.24.2
Inter-segment eliminations, RevenueNumber of Estimates10101413
Inter-segment eliminations, RevenueHighest-408-879-1,829-1,758
Inter-segment eliminations, RevenueConsensus (Mean)-462-443-905-1,831-471-471-942-1,925-1,962
Inter-segment eliminations, RevenueMedian-478-949-1,894-1,943
Inter-segment eliminations, RevenueLowest-511-982-2,051-2,276
Operating income, Inter-segment eliminationsNumber of Estimates6666
Operating income, Inter-segment eliminationsHighest-13-34-500
Operating income, Inter-segment eliminationsConsensus (Mean)-5-8-125-21-28-49-95-82
Operating income, Inter-segment eliminationsMedian-28-49-100-101
Operating income, Inter-segment eliminationsLowest-40-61-125-119
Operating income, Inter-segment eliminations, excl. special itemsNumber of Estimates881211
Operating income, Inter-segment eliminations, excl. special itemsHighest-13-34-270
Operating income, Inter-segment eliminations, excl. special itemsConsensus (Mean)-5-8-124-21-27-48-104-100
Operating income, Inter-segment eliminations, excl. special itemsMedian-25-46-100-100
Operating income, Inter-segment eliminations, excl. special itemsLowest-40-61-278-286
Operating income, CorporateNumber of Estimates6666
Operating income, CorporateHighest-48-88-196-63
Operating income, CorporateConsensus (Mean)-817-74-119-40-51-91-215-123
Operating income, CorporateMedian-50-90-214-123
Operating income, CorporateLowest-59-99-250-187
Operating income, Corporate excl. special itemsNumber of Estimates771110
Operating income, Corporate excl. special itemsHighest-37-69-80-66
Operating income, Corporate excl. special itemsConsensus (Mean)-12-2-15-38-32-44-76-184-127
Operating income, Corporate excl. special itemsMedian-45-77-200-110
Operating income, Corporate excl. special itemsLowest-50-82-215-214
Disclaimer

This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.