COR vs. FMS: Cencora vs. Fresenius Medical Care Stock Comparison

November 11, 2026

How do Cencora (COR) and Fresenius Medical Care (FMS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cencora (COR) and Fresenius Medical Care (FMS) both belong to the Health Care Providers & Services industry, though COR is classified under Health Care Distributors while FMS falls under Health Care Services.

Cencora (COR) trades as ordinary local shares, while Fresenius Medical Care (FMS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Cencora (COR) and Fresenius Medical Care (FMS)
Profile Item	COR	FMS
Name	Cencora Inc.	Fresenius Medical Care AG - Depositary Receipt
Country/Region	United States	Germany
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Providers & Services
GICS Sub-Industry	Health Care Distributors	Health Care Services
Market Capitalization	63.65 billion USD	12.15 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 4, 1995	September 17, 1996
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

COR

FMS

GSPC

Cencora (COR) vs. Fresenius Medical Care (FMS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cencora (COR) and Fresenius Medical Care (FMS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cencora (COR) and Fresenius Medical Care (FMS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
Total Return (1Y)	-3.53%	-0.71%
Total Return (3Y, Annualized)	21.62%	13.88%
Total Return (5Y, Annualized)	24.10%	-4.69%

Risk Profile

Drawdown History

COR

FMS

GSPC

Cencora (COR) vs. Fresenius Medical Care (FMS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cencora (COR) and Fresenius Medical Care (FMS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
Volatility (1Y, Annualized)	31.90%	30.61%
Beta (5Y)	0.56	0.77
Max Drawdown (5Y)	-32.44%	-62.33%
Avg. Volume (3M)	1.29M	954.21K

Risk-Adjusted Performance

Risk-Return Positioning

COR and FMS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
Sharpe Ratio (1Y)	-0.24	-0.16
Sortino Ratio (1Y)	-0.30	-0.21

Profitability

ROE (TTM)

Cencora (COR) at 129.01% clears its industry range for ROE, a sharper capital-efficiency signal than Fresenius Medical Care (FMS) at 7.84%, which is closer to a typical peer reading.

COR

Health Care Equipment & Services industry group

129.01%

COR: 129.01%
Max: 47.61%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

FMS

Health Care Equipment & Services industry group

7.84%

Max: 47.61%
Q3: 14.36%
FMS: 7.84%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Cencora (COR) at 1.03% and Fresenius Medical Care (FMS) at 4.22% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

COR

Health Care Equipment & Services industry group

1.03%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
COR: 1.03%
Q1: -6.29%
Min: -28.46%

FMS

Health Care Equipment & Services industry group

4.22%

Max: 29.35%
Q3: 9.33%
FMS: 4.22%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Cencora (COR) at 1.27% and Fresenius Medical Care (FMS) at 9.63% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

COR

Health Care Equipment & Services industry group

1.27%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
COR: 1.27%
Q1: -0.28%
Min: -16.29%

FMS

Health Care Equipment & Services industry group

9.63%

Max: 35.43%
Q3: 14.14%
FMS: 9.63%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
ROE (TTM)	129.01%	7.84%
ROA (TTM)	3.57%	3.94%
Net Margin (TTM)	1.03%	4.22%
Operating Margin (TTM)	1.27%	9.63%
Gross Margin (TTM)	4.09%	26.46%

Growth

Revenue Growth

Only one side can be read here: Fresenius Medical Care (FMS) reports revenue growth of 1.51%, ranked against its industry; Cencora (COR) has no revenue growth figure this period.

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Cencora (COR) at 125.50% is the standout with EPS growth above its industry range; Fresenius Medical Care (FMS) at 83.61% also sits in the top quartile.

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
Revenue Growth (YoY)	--	1.51%
Revenue Growth (3Y CAGR)	--	0.39%
EPS Growth (YoY)	125.50%	83.61%
EPS Growth (3Y CAGR)	28.15%	13.47%

Financial Strength

Current Ratio (MRQ)

Both Cencora (COR) at 0.94 and Fresenius Medical Care (FMS) at 0.99 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

COR

Health Care Equipment & Services industry group

0.94

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
COR: 0.94
Min: 0.30

FMS

Health Care Equipment & Services industry group

0.99

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
FMS: 0.99
Min: 0.30

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Fresenius Medical Care (FMS) at 0.79 is near its industry mid-range for debt-to-equity ratio, while Cencora (COR) at 3.06 sits above its benchmark range, pointing to a heavier debt load relative to equity.

COR

Health Care Equipment & Services industry group

3.06

COR: 3.06
Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

FMS

Health Care Equipment & Services industry group

0.79

Max: 1.88
Q3: 0.91
FMS: 0.79
Median: 0.58
Q1: 0.16
Min: 0.00

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
Current Ratio (MRQ)	0.94	0.99
Debt / Equity (MRQ)	3.06	0.79
Net Debt / EBITDA	1.12	3.63

Dividends

Dividend Yield (TTM)

Both Cencora (COR) at 0.71% and Fresenius Medical Care (FMS) at 6.30% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

COR

Health Care Equipment & Services industry group

0.71%

COR: 0.71%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FMS

Health Care Equipment & Services industry group

6.30%

FMS: 6.30%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cencora (COR) at 17.45% and Fresenius Medical Care (FMS) at 50.14% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

COR

Health Care Equipment & Services industry group

17.45%

COR: 17.45%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FMS

Health Care Equipment & Services industry group

50.14%

FMS: 50.14%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
Dividend Yield (TTM)	0.71%	6.30%
Dividend Payout Ratio (TTM)	17.45%	50.14%

Valuation

P/E Ratio (TTM)

Both Cencora (COR) at 18.58 and Fresenius Medical Care (FMS) at 13.53 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

COR

Health Care Equipment & Services industry group

18.58

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
COR: 18.58
Min: 4.21

FMS

Health Care Equipment & Services industry group

13.53

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
FMS: 13.53
Min: 4.21

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Both Cencora (COR) at 0.19 and Fresenius Medical Care (FMS) at 0.62 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

COR

Health Care Equipment & Services industry group

0.19

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
COR: 0.19
Min: 0.03

FMS

Health Care Equipment & Services industry group

0.62

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
FMS: 0.62
Min: 0.03

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Fresenius Medical Care (FMS) at 0.85 sits in the lower P/B ratio quartile relative to book while Cencora (COR) at 17.29 prices above its industry range — a wide valuation gap against assets.

COR

Health Care Equipment & Services industry group

17.29

COR: 17.29
Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

FMS

Health Care Equipment & Services industry group

0.85

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
FMS: 0.85
Min: -1.31

Cencora (COR) vs. Fresenius Medical Care (FMS): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cencora (COR) and Fresenius Medical Care (FMS)
Metric	COR	FMS
P/E Ratio (TTM)	18.58	13.53
P/S Ratio (TTM)	0.19	0.62
P/B Ratio (MRQ)	17.29	0.85
Free Cash Flow Yield (TTM)	2.81%	12.29%