The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FME.DE

Concerning the House

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally. The company offers dialysis treatment and related laboratory and diagnostic services through a network of outpatient dialysis clinics; materials, training, and patient support services comprising clinical monitoring, follow-up assistance, and arranging for delivery of the supplies to the patient's residence; and dialysis services under contract to hospitals in the United States for the hospitalized end-stage renal disease (ESRD) patients and for patients suffering from acute kidney failure. The company operates through Care Delivery and Care Enablement segments. It also develops, manufactures, and distributes various health care products, including hemodialysis machines, peritoneal dialysis cyclers, peritoneal dialysis solutions, hemodialysis concentrates, solutions and granulates, bloodlines, renal pharmaceuticals, systems for water treatment, and acute cardiopulmonary and apheresis products. In addition, the company develops, acquires, and in-licenses renal pharmaceuticals; offers renal medications and supplies to patients at homes or to dialysis clinics; and provides vascular specialty, ambulatory surgery center, physician nephrology practice management, pharmacy and other services. The company sells its products to dialysis clinics, hospitals, and specialized treatment clinics, as well as through local sales forces, independent distributors, dealers, and sales agents. The company was incorporated in 1996 and is headquartered in Bad Homburg, Germany.

Germany · www.freseniusmedicalcare.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$4.79B$4.88B$5.07B$4.61B
Gross profit$1.21B$1.24B$1.39B$1.18B
Operating income$394.40M$501.72M$548.98M$375.56M
Net income$225.27M$274.80M$327.08M$117.53M
Diluted EPS0.771.140.43
Free cash flow$620.55M$549.35M$578.67M$36.82M
CapEx-$154.38M-$192.21M-$423.01M-$190.07M
Quotation

$40.99

-0.02 (-0.0%)

52w hi$45.68
52w lo$33.39
Vol703.71K
As ofAug 13
The Verdict

Hold

Our score +0.22

Short-0.14
Medium+0.34
Long+0.71

computed 2026-08-13

By the Numbers

Fresenius Medical Care AG

Healthcare · Medical Care Facilities

Market cap$11.01B
Enterprise value$21.80B
Trailing P/E12.35x
Forward P/E9.46x
EV / EBITDA8.01x
P / S (ttm)0.56x
Profit margin4.8%
Return on equity8.5%
Revenue growth+1.4%
Earnings growth+5.5%
Debt / equity81.13
Risk Metrics
Beta vs SPX0.02
Corr SPX0.01
Annual vol29.3%
Annual ret+14.8%
Sharpe0.50
Max DD-35.6%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.42
Sector+0.12
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$41.68$41.68$40.95$40.99703.71K
Aug 12$41.38$41.81$40.97$41.01880.35K
Aug 11$42.35$42.69$41.81$41.81450.00K
Aug 10$42.36$42.51$41.92$42.31540.21K
Aug 7$42.10$42.35$41.64$42.05721.44K