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Side-by-side financial comparison of Fresenius Medical Care AG (FMS) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $5.5B, roughly 1.3× Fresenius Medical Care AG). Fresenius Medical Care AG runs the higher net margin — 7.9% vs 1.1%, a 6.8% gap on every dollar of revenue. On growth, Fresenius Medical Care AG posted the faster year-over-year revenue change (-0.3% vs -2.9%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
FMS vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.5B | $7.1B |
| Net Profit | $434.2M | $78.4M |
| Gross Margin | 27.4% | -1.8% |
| Operating Margin | 11.7% | 1.8% |
| Net Margin | 7.9% | 1.1% |
| Revenue YoY | -0.3% | -2.9% |
| Net Profit YoY | 240.4% | 127.1% |
| EPS (diluted) | — | $0.74 |
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 | $5.5B | $7.1B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | $5.5B | $7.4B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.6B |
| Q4 25 | $434.2M | $78.4M | ||
| Q3 25 | — | $170.1M | ||
| Q2 25 | — | $-5.2M | ||
| Q1 25 | — | $-401.8M | ||
| Q4 24 | $127.6M | $-289.3M | ||
| Q3 24 | — | $-285.9M | ||
| Q2 24 | — | $-65.2M | ||
| Q1 24 | — | $106.6M |
| Q4 25 | 27.4% | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | 25.0% | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 11.7% | 1.8% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -7.2% | ||
| Q4 24 | 5.1% | -5.2% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -0.9% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 7.9% | 1.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | 2.3% | -3.9% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -0.7% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | $0.74 | ||
| Q3 25 | — | $1.45 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-3.53 | ||
| Q4 24 | — | $-2.41 | ||
| Q3 24 | — | $-2.49 | ||
| Q2 24 | — | $-0.56 | ||
| Q1 24 | — | $0.86 |
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 | $527.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.4B | $5.3B |
| Total Assets | $33.5B | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $527.9M | ||
| Q3 25 | — | $482.0M | ||
| Q2 25 | — | $590.7M | ||
| Q1 25 | — | $468.6M | ||
| Q4 24 | $1.3B | $536.1M | ||
| Q3 24 | — | $976.7M | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $15.4B | $5.3B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | $17.0B | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.5B |
| Q4 25 | $33.5B | $13.0B | ||
| Q3 25 | — | $13.0B | ||
| Q2 25 | — | $13.0B | ||
| Q1 25 | — | $13.0B | ||
| Q4 24 | $36.3B | $12.7B | ||
| Q3 24 | — | $13.1B | ||
| Q2 24 | — | $14.1B | ||
| Q1 24 | — | $13.8B |
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 | $2.9B | $366.6M |
| Free Cash FlowOCF − Capex | — | $77.0M |
| FCF MarginFCF / Revenue | — | 1.1% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | 6.67× | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9B | $366.6M | ||
| Q3 25 | — | $25.7M | ||
| Q2 25 | — | $191.1M | ||
| Q1 25 | — | $-661.4M | ||
| Q4 24 | $2.6B | $-329.7M | ||
| Q3 24 | — | $-68.0M | ||
| Q2 24 | — | $425.3M | ||
| Q1 24 | — | $15.8M |
| Q4 25 | — | $77.0M | ||
| Q3 25 | — | $-122.8M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $-772.4M | ||
| Q4 24 | — | $-425.7M | ||
| Q3 24 | — | $-169.8M | ||
| Q2 24 | — | $371.8M | ||
| Q1 24 | — | $-123.8M |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | -1.6% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | -1.4% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 6.67× | 4.68× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 20.20× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMS
Segment breakdown not available.
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
