DVA vs. FMS: DaVita vs. Fresenius Medical Care Stock Comparison

November 11, 2026

How do DaVita (DVA) 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

DaVita (DVA) and Fresenius Medical Care (FMS) are both classified in the Health Care Services sub-industry within the broader Health Care Providers & Services industry, placing them in the closest GICS peer bucket.

DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Profile Item	DVA	FMS
Name	DaVita 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 Services	Health Care Services
Market Capitalization	12.04 billion USD	12.15 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 31, 1995	September 17, 1996
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

DVA

FMS

GSPC

DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
Total Return (1Y)	51.64%	-0.71%
Total Return (3Y, Annualized)	30.54%	13.88%
Total Return (5Y, Annualized)	11.92%	-4.69%

Risk Profile

Drawdown History

DVA

FMS

GSPC

DaVita (DVA) 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 DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
Volatility (1Y, Annualized)	46.86%	30.61%
Beta (5Y)	0.85	0.77
Max Drawdown (5Y)	-46.98%	-62.33%
Avg. Volume (3M)	713.76K	954.21K

Risk-Adjusted Performance

Risk-Return Positioning

DVA 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
Sharpe Ratio (1Y)	1.01	-0.16
Sortino Ratio (1Y)	1.78	-0.21

Profitability

ROE (TTM)

DaVita (DVA) at 96.79% 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.

DVA

Health Care Equipment & Services industry group

96.79%

DVA: 96.79%
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%

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

Net Margin (TTM)

Both DaVita (DVA) at 6.49% 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.

DVA

Health Care Equipment & Services industry group

6.49%

Max: 29.35%
Q3: 9.33%
DVA: 6.49%
Median: 2.18%
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%

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

Operating Margin (TTM)

DaVita (DVA) at 15.46% operates in the top operating margin quartile, ahead of Fresenius Medical Care (FMS) at 9.63%, which runs around its industry’s norm.

DVA

Health Care Equipment & Services industry group

15.46%

Max: 35.43%
DVA: 15.46%
Q3: 14.14%
Median: 6.81%
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%

DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
ROE (TTM)	96.79%	7.84%
ROA (TTM)	7.59%	3.94%
Net Margin (TTM)	6.49%	4.22%
Operating Margin (TTM)	15.46%	9.63%
Gross Margin (TTM)	32.28%	26.46%

Growth

Revenue Growth

DaVita (DVA) at 6.46% is around its peer norm for revenue growth, while Fresenius Medical Care (FMS) at 1.51% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Fresenius Medical Care (FMS) at 83.61% sits in the top EPS growth quartile, while DaVita (DVA) at -8.29% is closer to the peer norm — faster per-share earnings growth for FMS.

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

Growth Metrics

Growth metrics for DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
Revenue Growth (YoY)	6.46%	1.51%
Revenue Growth (3Y CAGR)	5.53%	0.39%
EPS Growth (YoY)	-8.29%	83.61%
EPS Growth (3Y CAGR)	18.93%	13.47%

Financial Strength

Current Ratio (MRQ)

DaVita (DVA) at 1.41 keeps current ratio within its industry’s typical mid-range, while Fresenius Medical Care (FMS) at 0.99 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FMS.

DVA

Health Care Equipment & Services industry group

1.41

Max: 7.59
Q3: 4.00
Median: 1.98
DVA: 1.41
Q1: 1.37
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

DaVita (DVA) 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 DaVita (DVA) at 11.90 sits above its benchmark range, pointing to a heavier debt load relative to equity.

DVA

Health Care Equipment & Services industry group

11.90

DVA: 11.90
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

DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
Current Ratio (MRQ)	1.41	0.99
Debt / Equity (MRQ)	11.90	0.79
Net Debt / EBITDA	4.51	3.63

Dividends

Dividend Yield (TTM)

DaVita (DVA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Fresenius Medical Care (FMS) reports a yield of 6.30%, ranking against industry peers normally.

DVA

Health Care Equipment & Services industry group

0.00%

DVA: 0.00%
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%

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

Dividend Payout Ratio (TTM)

DaVita (DVA) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Fresenius Medical Care (FMS) reports a payout of 50.14%, ranking against industry peers normally.

DVA

Health Care Equipment & Services industry group

0.00%

DVA: 0.00%
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%

DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
Dividend Yield (TTM)	0.00%	6.30%
Dividend Payout Ratio (TTM)	0.00%	50.14%

Valuation

P/E Ratio (TTM)

Both DaVita (DVA) at 14.49 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.

DVA

Health Care Equipment & Services industry group

14.49

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
DVA: 14.49
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

DaVita (DVA) 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 DaVita (DVA) at 0.85 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.

DVA

Health Care Equipment & Services industry group

0.85

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
DVA: 0.85
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

DaVita (DVA) 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)

DaVita (DVA) reports a negative P/B ratio of -20.52, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Fresenius Medical Care (FMS) reports 0.85, ranking against industry peers normally.

DVA

Health Care Equipment & Services industry group

-20.52

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31
DVA: -20.52

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

DaVita (DVA) 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 DaVita (DVA) and Fresenius Medical Care (FMS)
Metric	DVA	FMS
P/E Ratio (TTM)	14.49	13.53
P/S Ratio (TTM)	0.85	0.62
P/B Ratio (MRQ)	-20.52	0.85
Free Cash Flow Yield (TTM)	7.52%	12.29%