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FMS vs. MCK: Fresenius Medical Care vs. McKesson Stock Comparison

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

McKesson (MCK) 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 McKesson (MCK)
Profile ItemFMSMCK
NameFresenius Medical Care AG - Depositary ReceiptMcKesson Corporation
Country/RegionGermanyUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Providers & Services
GICS Sub-IndustryHealth Care ServicesHealth Care Distributors
Market Capitalization12.15 billion USD122.48 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 17, 1996November 10, 1994
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

FMS
MCK
GSPC
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Fresenius Medical Care (FMS) vs. McKesson (MCK), 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 McKesson (MCK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fresenius Medical Care (FMS) and McKesson (MCK). 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 McKesson (MCK)
MetricFMSMCK
Total Return (1Y)-0.71%25.40%
Total Return (3Y, Annualized)13.88%32.67%
Total Return (5Y, Annualized)-4.69%37.84%

Risk Profile

Drawdown History

FMS
MCK
GSPC
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Fresenius Medical Care (FMS) vs. McKesson (MCK), 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 McKesson (MCK). 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 McKesson (MCK)
MetricFMSMCK
Volatility (1Y, Annualized)30.61%31.71%
Beta (5Y)0.770.26
Max Drawdown (5Y)-62.33%-27.17%
Avg. Volume (3M)954.21K822.69K

Risk-Adjusted Performance

Risk-Return Positioning

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FMS and MCK 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 McKesson (MCK)
MetricFMSMCK
Sharpe Ratio (1Y)-0.160.67
Sortino Ratio (1Y)-0.211.15

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Fresenius Medical Care (FMS) earns 7.84% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

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%

MCK

Health Care Equipment & Services industry group

--

Max
47.61%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
MCK
--
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Fresenius Medical Care (FMS) vs. McKesson (MCK): MCK does not report ROE, so it has no value marker; FMS is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both Fresenius Medical Care (FMS) at 4.22% and McKesson (MCK) at 1.12% 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%

MCK

Health Care Equipment & Services industry group

1.12%

Max
29.35%
Q3
9.33%
Median
2.18%
MCK
1.12%
Q1
-6.29%
Min
-28.46%
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Fresenius Medical Care (FMS) vs. McKesson (MCK): 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 McKesson (MCK) at 1.48% 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%

MCK

Health Care Equipment & Services industry group

1.48%

Max
35.43%
Q3
14.14%
Median
6.81%
MCK
1.48%
Q1
-0.28%
Min
-16.29%
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Fresenius Medical Care (FMS) vs. McKesson (MCK): 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 McKesson (MCK)
MetricFMSMCK
ROE (TTM)7.84%--
ROA (TTM)3.94%4.72%
Net Margin (TTM)4.22%1.12%
Operating Margin (TTM)9.63%1.48%
Gross Margin (TTM)26.46%3.65%

Growth

Revenue Growth

McKesson (MCK) at 12.36% 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.

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

EPS Growth

Both Fresenius Medical Care (FMS) at 83.61% and McKesson (MCK) at 49.22% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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

Growth Metrics

Growth metrics for Fresenius Medical Care (FMS) and McKesson (MCK)
MetricFMSMCK
Revenue Growth (YoY)1.51%12.36%
Revenue Growth (3Y CAGR)0.39%13.39%
EPS Growth (YoY)83.61%49.22%
EPS Growth (3Y CAGR)13.47%15.31%

Financial Strength

Current Ratio (MRQ)

Both Fresenius Medical Care (FMS) at 0.99 and McKesson (MCK) at 0.90 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

MCK

Health Care Equipment & Services industry group

0.90

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
MCK
0.90
Min
0.30
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Fresenius Medical Care (FMS) vs. McKesson (MCK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Fresenius Medical Care (FMS) carries debt-to-equity ratio of 0.79 against its industry range, while McKesson (MCK) reports no figure this period.

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

MCK

Health Care Equipment & Services industry group

--

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
MCK
--
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Fresenius Medical Care (FMS) vs. McKesson (MCK): MCK does not report debt-to-equity ratio, so it has no value marker; FMS is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for Fresenius Medical Care (FMS) and McKesson (MCK)
MetricFMSMCK
Current Ratio (MRQ)0.990.90
Debt / Equity (MRQ)0.79--
Net Debt / EBITDA3.630.64

Dividends

Dividend Yield (TTM)

Both Fresenius Medical Care (FMS) at 6.30% and McKesson (MCK) at 0.32% 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%

MCK

Health Care Equipment & Services industry group

0.32%

MCK
0.32%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fresenius Medical Care (FMS) vs. McKesson (MCK): 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 McKesson (MCK) at 8.77% 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%

MCK

Health Care Equipment & Services industry group

8.77%

MCK
8.77%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fresenius Medical Care (FMS) vs. McKesson (MCK): 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 McKesson (MCK)
MetricFMSMCK
Dividend Yield (TTM)6.30%0.32%
Dividend Payout Ratio (TTM)50.14%8.77%

Valuation

P/E Ratio (TTM)

Fresenius Medical Care (FMS) at 13.53 sits in the cheaper P/E ratio quartile, while McKesson (MCK) at 27.36 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

MCK

Health Care Equipment & Services industry group

27.36

Max
80.41
Q3
47.62
Median
29.93
MCK
27.36
Q1
21.19
Min
4.21
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Fresenius Medical Care (FMS) vs. McKesson (MCK): 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 McKesson (MCK) at 0.29 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

MCK

Health Care Equipment & Services industry group

0.29

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
MCK
0.29
Min
0.03
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Fresenius Medical Care (FMS) vs. McKesson (MCK): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -30.85, 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.

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

MCK

Health Care Equipment & Services industry group

-30.85

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
MCK
-30.85
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Fresenius Medical Care (FMS) vs. McKesson (MCK): 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 McKesson (MCK)
MetricFMSMCK
P/E Ratio (TTM)13.5327.36
P/S Ratio (TTM)0.620.29
P/B Ratio (MRQ)0.85-30.85
Free Cash Flow Yield (TTM)12.29%6.04%