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FMS vs. MDT: Fresenius Medical Care vs. Medtronic Stock Comparison

How do Fresenius Medical Care (FMS) and Medtronic (MDT) 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 Medtronic (MDT) both fall under the Health Care Equipment & Services industry group, but FMS is classified in Health Care Providers & Services while MDT is classified in Health Care Equipment & Supplies.

Medtronic (MDT) 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 Medtronic (MDT)
Profile ItemFMSMDT
NameFresenius Medical Care AG - Depositary ReceiptMedtronic plc
Country/RegionGermanyIreland
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care ServicesHealth Care Equipment
Market Capitalization12.15 billion USD130.22 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 17, 1996May 2, 1973
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

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

Calendar-Year Returns

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Calendar-year total returns for Fresenius Medical Care (FMS) and Medtronic (MDT). 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 Medtronic (MDT)
MetricFMSMDT
Total Return (1Y)-0.71%15.72%
Total Return (3Y, Annualized)13.88%17.58%
Total Return (5Y, Annualized)-4.69%-0.18%

Risk Profile

Drawdown History

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

Risk Metrics

Medtronic (MDT) is heavily traded at around 16.48M shares per day, whereas Fresenius Medical Care (FMS) sees a more moderate 954.21K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Fresenius Medical Care (FMS) and Medtronic (MDT)
MetricFMSMDT
Volatility (1Y, Annualized)30.61%25.84%
Beta (5Y)0.770.53
Max Drawdown (5Y)-62.33%-39.67%
Avg. Volume (3M)954.21K16.48M

Risk-Adjusted Performance

Risk-Return Positioning

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FMS and MDT 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 Medtronic (MDT)
MetricFMSMDT
Sharpe Ratio (1Y)-0.160.44
Sortino Ratio (1Y)-0.210.71

Profitability

ROE (TTM)

Both Fresenius Medical Care (FMS) at 7.84% and Medtronic (MDT) at 10.65% 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%

MDT

Health Care Equipment & Services industry group

10.65%

Max
47.61%
Q3
14.36%
MDT
10.65%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Medtronic (MDT) at 13.93% retains a top-quartile share of revenue as profit, ahead of Fresenius Medical Care (FMS) at 4.22%, which keeps about the industry-typical share.

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%

MDT

Health Care Equipment & Services industry group

13.93%

Max
29.35%
MDT
13.93%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Medtronic (MDT) at 19.33% operates in the top operating margin quartile, ahead of Fresenius Medical Care (FMS) at 9.63%, which runs around its industry’s norm.

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%

MDT

Health Care Equipment & Services industry group

19.33%

Max
35.43%
MDT
19.33%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT)
MetricFMSMDT
ROE (TTM)7.84%10.65%
ROA (TTM)3.94%5.12%
Net Margin (TTM)4.22%13.93%
Operating Margin (TTM)9.63%19.33%
Gross Margin (TTM)26.46%65.27%

Growth

Revenue Growth

Medtronic (MDT) at 8.43% 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. Medtronic (MDT): 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 Medtronic (MDT) at 3.32% is closer to the peer norm — faster per-share earnings growth for FMS.

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

Growth Metrics

Growth metrics for Fresenius Medical Care (FMS) and Medtronic (MDT)
MetricFMSMDT
Revenue Growth (YoY)1.51%8.43%
Revenue Growth (3Y CAGR)0.39%5.21%
EPS Growth (YoY)83.61%3.32%
EPS Growth (3Y CAGR)13.47%9.77%

Financial Strength

Current Ratio (MRQ)

Medtronic (MDT) at 2.07 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

MDT

Health Care Equipment & Services industry group

2.07

Max
7.59
Q3
4.00
MDT
2.07
Median
1.98
Q1
1.37
Min
0.30
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT) at 0.55 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

MDT

Health Care Equipment & Services industry group

0.55

Max
1.88
Q3
0.91
Median
0.58
MDT
0.55
Q1
0.16
Min
0.00
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT)
MetricFMSMDT
Current Ratio (MRQ)0.992.07
Debt / Equity (MRQ)0.790.55
Net Debt / EBITDA3.631.86

Dividends

Dividend Yield (TTM)

Both Fresenius Medical Care (FMS) at 6.30% and Medtronic (MDT) at 2.72% 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%

MDT

Health Care Equipment & Services industry group

2.72%

MDT
2.72%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT) at 70.02% 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%

MDT

Health Care Equipment & Services industry group

70.02%

MDT
70.02%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT)
MetricFMSMDT
Dividend Yield (TTM)6.30%2.72%
Dividend Payout Ratio (TTM)50.14%70.02%

Valuation

P/E Ratio (TTM)

Fresenius Medical Care (FMS) at 13.53 sits in the cheaper P/E ratio quartile, while Medtronic (MDT) at 25.01 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

MDT

Health Care Equipment & Services industry group

25.01

Max
80.41
Q3
47.62
Median
29.93
MDT
25.01
Q1
21.19
Min
4.21
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Fresenius Medical Care (FMS) at 0.62 sits in the cheaper P/S ratio quartile while Medtronic (MDT) at 3.47 prices around its industry’s middle — FMS costs less per dollar of sales, though read it alongside growth and margins.

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

MDT

Health Care Equipment & Services industry group

3.47

Max
8.80
Q3
4.32
MDT
3.47
Median
2.13
Q1
1.10
Min
0.03
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT) at 2.59 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

MDT

Health Care Equipment & Services industry group

2.59

Max
11.68
Q3
6.12
Median
3.00
MDT
2.59
Q1
1.73
Min
-1.31
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Fresenius Medical Care (FMS) vs. Medtronic (MDT): 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 Medtronic (MDT)
MetricFMSMDT
P/E Ratio (TTM)13.5325.01
P/S Ratio (TTM)0.623.47
P/B Ratio (MRQ)0.852.59
Free Cash Flow Yield (TTM)12.29%4.16%