FMS vs. HUM: Fresenius Medical Care vs. Humana Stock Comparison

November 11, 2026

How do Fresenius Medical Care (FMS) and Humana (HUM) 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

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

Humana (HUM) 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 Fresenius Medical Care (FMS) and Humana (HUM)
Profile Item	FMS	HUM
Name	Fresenius Medical Care AG - Depositary Receipt	Humana Inc.
Country/Region	Germany	United States
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	Managed Health Care
Market Capitalization	12.15 billion USD	52.09 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 17, 1996	December 31, 1981
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMS

HUM

GSPC

Fresenius Medical Care (FMS) vs. Humana (HUM), 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 Fresenius Medical Care (FMS) and Humana (HUM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
Total Return (1Y)	-0.71%	75.62%
Total Return (3Y, Annualized)	13.88%	-2.91%
Total Return (5Y, Annualized)	-4.69%	0.40%

Risk Profile

Drawdown History

FMS

HUM

GSPC

Fresenius Medical Care (FMS) vs. Humana (HUM), 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 Fresenius Medical Care (FMS) and Humana (HUM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
Volatility (1Y, Annualized)	30.61%	45.95%
Beta (5Y)	0.77	0.62
Max Drawdown (5Y)	-62.33%	-69.92%
Avg. Volume (3M)	954.21K	1.26M

Risk-Adjusted Performance

Risk-Return Positioning

FMS and HUM 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 Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
Sharpe Ratio (1Y)	-0.16	1.55
Sortino Ratio (1Y)	-0.21	2.28

Profitability

ROE (TTM)

Both Fresenius Medical Care (FMS) at 7.84% and Humana (HUM) at 6.74% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

HUM

Health Care Equipment & Services industry group

6.74%

Max: 47.61%
Q3: 14.36%
HUM: 6.74%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

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

Net Margin (TTM)

Both Fresenius Medical Care (FMS) at 4.22% and Humana (HUM) at 0.81% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

HUM

Health Care Equipment & Services industry group

0.81%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
HUM: 0.81%
Q1: -6.29%
Min: -28.46%

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

Operating Margin (TTM)

Both Fresenius Medical Care (FMS) at 9.63% and Humana (HUM) at 0.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

HUM

Health Care Equipment & Services industry group

0.24%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
HUM: 0.24%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
ROE (TTM)	7.84%	6.74%
ROA (TTM)	3.94%	3.24%
Net Margin (TTM)	4.22%	0.81%
Operating Margin (TTM)	9.63%	0.24%
Gross Margin (TTM)	26.46%	13.01%

Growth

Revenue Growth

Humana (HUM) at 10.11% 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.

Fresenius Medical Care (FMS) vs. Humana (HUM): 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 Humana (HUM) at -1.40% is closer to the peer norm — faster per-share earnings growth for FMS.

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

Growth Metrics

Growth metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
Revenue Growth (YoY)	1.51%	10.11%
Revenue Growth (3Y CAGR)	0.39%	11.77%
EPS Growth (YoY)	83.61%	-1.40%
EPS Growth (3Y CAGR)	13.47%	-23.62%

Financial Strength

Current Ratio (MRQ)

Humana (HUM) at 1.65 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.

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

HUM

Health Care Equipment & Services industry group

1.65

Max: 7.59
Q3: 4.00
Median: 1.98
HUM: 1.65
Q1: 1.37
Min: 0.30

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

Debt / Equity (MRQ)

Both Fresenius Medical Care (FMS) at 0.79 and Humana (HUM) at 0.68 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

HUM

Health Care Equipment & Services industry group

0.68

Max: 1.88
Q3: 0.91
HUM: 0.68
Median: 0.58
Q1: 0.16
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
Current Ratio (MRQ)	0.99	1.65
Debt / Equity (MRQ)	0.79	0.68
Net Debt / EBITDA	3.63	-4.10

Dividends

Dividend Yield (TTM)

Both Fresenius Medical Care (FMS) at 6.30% and Humana (HUM) at 0.21% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

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%

HUM

Health Care Equipment & Services industry group

0.21%

HUM: 0.21%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Fresenius Medical Care (FMS) at 50.14% and Humana (HUM) at 34.54% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

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%

HUM

Health Care Equipment & Services industry group

34.54%

HUM: 34.54%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
Dividend Yield (TTM)	6.30%	0.21%
Dividend Payout Ratio (TTM)	50.14%	34.54%

Valuation

P/E Ratio (TTM)

Fresenius Medical Care (FMS) at 13.53 sits in the cheaper P/E ratio quartile, while Humana (HUM) at 42.32 is closer to its industry’s usual earnings multiple — a discount for FMS, though growth and earnings durability still matter.

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

HUM

Health Care Equipment & Services industry group

42.32

Max: 80.41
Q3: 47.62
HUM: 42.32
Median: 29.93
Q1: 21.19
Min: 4.21

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

P/S Ratio (TTM)

Both Fresenius Medical Care (FMS) at 0.62 and Humana (HUM) at 0.34 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

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

HUM

Health Care Equipment & Services industry group

0.34

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
HUM: 0.34
Min: 0.03

Fresenius Medical Care (FMS) vs. Humana (HUM): 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 against book while Humana (HUM) at 2.77 is valued near its industry’s middle — FMS is cheaper on assets, though weigh it against ROE and asset quality.

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

HUM

Health Care Equipment & Services industry group

2.77

Max: 11.68
Q3: 6.12
Median: 3.00
HUM: 2.77
Q1: 1.73
Min: -1.31

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

Valuation Metrics

Valuation metrics for Fresenius Medical Care (FMS) and Humana (HUM)
Metric	FMS	HUM
P/E Ratio (TTM)	13.53	42.32
P/S Ratio (TTM)	0.62	0.34
P/B Ratio (MRQ)	0.85	2.77
Free Cash Flow Yield (TTM)	12.29%	6.27%