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Side-by-side financial comparison of Emerson Electric (EMR) 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 $4.3B, roughly 1.3× Emerson Electric). Emerson Electric runs the higher net margin — 13.9% vs 7.9%, a 6.0% gap on every dollar of revenue. On growth, Emerson Electric posted the faster year-over-year revenue change (4.1% vs -0.3%).
Emerson ElectricEMREarnings & Financial Report
Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering for industrial, commercial, and consumer markets.
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.
EMR vs FMS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.3B | $5.5B |
| Net Profit | $605.0M | $434.2M |
| Gross Margin | 53.2% | 27.4% |
| Operating Margin | 17.8% | 11.7% |
| Net Margin | 13.9% | 7.9% |
| Revenue YoY | 4.1% | -0.3% |
| Net Profit YoY | 3.4% | 240.4% |
| EPS (diluted) | $1.07 | — |
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.
| Q4 25 | $4.3B | $5.5B | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.2B | $5.5B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | $605.0M | $434.2M | ||
| Q3 25 | $637.0M | — | ||
| Q2 25 | $586.0M | — | ||
| Q1 25 | $485.0M | — | ||
| Q4 24 | $585.0M | $127.6M | ||
| Q3 24 | $996.0M | — | ||
| Q2 24 | $329.0M | — | ||
| Q1 24 | $501.0M | — |
| Q4 25 | 53.2% | 27.4% | ||
| Q3 25 | 51.9% | — | ||
| Q2 25 | 52.6% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.5% | 25.0% | ||
| Q3 24 | 51.3% | — | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 52.2% | — |
| Q4 25 | 17.8% | 11.7% | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 18.6% | 5.1% | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | 10.4% | — | ||
| Q1 24 | 16.2% | — |
| Q4 25 | 13.9% | 7.9% | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 14.0% | 2.3% | ||
| Q3 24 | 21.6% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 11.4% | — |
| Q4 25 | $1.07 | — | ||
| Q3 25 | $1.12 | — | ||
| Q2 25 | $1.04 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $1.02 | — | ||
| Q3 24 | $1.74 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 24 | $0.87 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.7B |
| Total DebtLower is stronger | $7.6B | — |
| Stockholders' EquityBook value | $20.3B | $15.4B |
| Total Assets | $41.9B | $33.5B |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.6B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.3B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $6.6B | — | ||
| Q3 24 | $7.7B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.6B | — |
| Q4 25 | $20.3B | $15.4B | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $19.9B | — | ||
| Q1 25 | $19.2B | — | ||
| Q4 24 | $20.5B | $17.0B | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $20.8B | — | ||
| Q1 24 | $20.9B | — |
| Q4 25 | $41.9B | $33.5B | ||
| Q3 25 | $42.0B | — | ||
| Q2 25 | $42.5B | — | ||
| Q1 25 | $42.0B | — | ||
| Q4 24 | $42.6B | $36.3B | ||
| Q3 24 | $44.2B | — | ||
| Q2 24 | $45.6B | — | ||
| Q1 24 | $46.4B | — |
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.36× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $699.0M | $2.9B |
| Free Cash FlowOCF − Capex | $602.0M | — |
| FCF MarginFCF / Revenue | 13.9% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | 1.16× | 6.67× |
| TTM Free Cash FlowTrailing 4 quarters | $4.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $699.0M | $2.9B | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $241.0M | — | ||
| Q4 24 | $777.0M | $2.6B | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $743.0M | — |
| Q4 25 | $602.0M | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $977.0M | — | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $694.0M | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $998.0M | — | ||
| Q1 24 | $661.0M | — |
| Q4 25 | 13.9% | — | ||
| Q3 25 | 54.9% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 63.1% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 15.1% | — |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | 1.16× | 6.67× | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 1.83× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 1.33× | 20.20× | ||
| Q3 24 | 3.35× | — | ||
| Q2 24 | 3.31× | — | ||
| Q1 24 | 1.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
FMS
Segment breakdown not available.
