vs

Side-by-side financial comparison of Brookfield Wealth Solutions Ltd. (BNT) and Fresenius Medical Care AG (FMS). Click either name above to swap in a different company.

Fresenius Medical Care AG is the larger business by last-quarter revenue ($5.5B vs $3.0B, roughly 1.8× Brookfield Wealth Solutions Ltd.). Brookfield Wealth Solutions Ltd. runs the higher net margin — 17.0% vs 7.9%, a 9.1% gap on every dollar of revenue. On growth, Brookfield Wealth Solutions Ltd. posted the faster year-over-year revenue change (4.7% vs -0.3%).

Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies. It has over US$1 trillion of assets under management, much of which is workers’ deferred income from global public pension funds. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield Corp...

Fresenius Medical Care AG & Co. KGaA is a German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives.

BNT vs FMS — Head-to-Head

Bigger by revenue
FMS
FMS
1.8× larger
FMS
$5.5B
$3.0B
BNT
Growing faster (revenue YoY)
BNT
BNT
+5.0% gap
BNT
4.7%
-0.3%
FMS
Higher net margin
BNT
BNT
9.1% more per $
BNT
17.0%
7.9%
FMS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BNT
BNT
FMS
FMS
Revenue
$3.0B
$5.5B
Net Profit
$516.0M
$434.2M
Gross Margin
27.4%
Operating Margin
20.0%
11.7%
Net Margin
17.0%
7.9%
Revenue YoY
4.7%
-0.3%
Net Profit YoY
91.8%
240.4%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BNT
BNT
FMS
FMS
Q4 25
$5.5B
Q2 25
$3.0B
Q4 24
$5.5B
Q2 24
$2.9B
Q2 23
$2.0B
Q2 22
$1.3B
Net Profit
BNT
BNT
FMS
FMS
Q4 25
$434.2M
Q2 25
$516.0M
Q4 24
$127.6M
Q2 24
$269.0M
Q2 23
$360.0M
Q2 22
$25.0M
Gross Margin
BNT
BNT
FMS
FMS
Q4 25
27.4%
Q2 25
Q4 24
25.0%
Q2 24
Q2 23
Q2 22
Operating Margin
BNT
BNT
FMS
FMS
Q4 25
11.7%
Q2 25
20.0%
Q4 24
5.1%
Q2 24
-1.0%
Q2 23
18.9%
Q2 22
1.7%
Net Margin
BNT
BNT
FMS
FMS
Q4 25
7.9%
Q2 25
17.0%
Q4 24
2.3%
Q2 24
9.3%
Q2 23
18.2%
Q2 22
2.0%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNT
BNT
FMS
FMS
Cash + ST InvestmentsLiquidity on hand
$17.5B
$1.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$15.8B
$15.4B
Total Assets
$148.9B
$33.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNT
BNT
FMS
FMS
Q4 25
$1.7B
Q2 25
$17.5B
Q4 24
$1.3B
Q2 24
$17.2B
Q2 23
$5.8B
Q2 22
$2.1B
Stockholders' Equity
BNT
BNT
FMS
FMS
Q4 25
$15.4B
Q2 25
$15.8B
Q4 24
$17.0B
Q2 24
$9.0B
Q2 23
$1.9B
Q2 22
$1.5B
Total Assets
BNT
BNT
FMS
FMS
Q4 25
$33.5B
Q2 25
$148.9B
Q4 24
$36.3B
Q2 24
$130.5B
Q2 23
$48.0B
Q2 22
$41.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNT
BNT
FMS
FMS
Operating Cash FlowLast quarter
$2.9B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNT
BNT
FMS
FMS
Q4 25
$2.9B
Q2 25
Q4 24
$2.6B
Q2 24
Q2 23
Q2 22
Cash Conversion
BNT
BNT
FMS
FMS
Q4 25
6.67×
Q2 25
Q4 24
20.20×
Q2 24
Q2 23
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons