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Side-by-side financial comparison of Fresenius Medical Care AG (FMS) and Molson Coors Beverage Company (TAP). 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 $3.1B, roughly 1.8× Molson Coors Beverage Company). Fresenius Medical Care AG runs the higher net margin — 7.9% vs 7.6%, a 0.3% gap on every dollar of revenue. On growth, Fresenius Medical Care AG posted the faster year-over-year revenue change (-0.3% vs -3.6%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

FMS vs TAP — Head-to-Head

Bigger by revenue
FMS
FMS
1.8× larger
FMS
$5.5B
$3.1B
TAP
Growing faster (revenue YoY)
FMS
FMS
+3.3% gap
FMS
-0.3%
-3.6%
TAP
Higher net margin
FMS
FMS
0.3% more per $
FMS
7.9%
7.6%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMS
FMS
TAP
TAP
Revenue
$5.5B
$3.1B
Net Profit
$434.2M
$238.3M
Gross Margin
27.4%
31.0%
Operating Margin
11.7%
10.4%
Net Margin
7.9%
7.6%
Revenue YoY
-0.3%
-3.6%
Net Profit YoY
240.4%
-17.2%
EPS (diluted)
$1.32

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
FMS
FMS
TAP
TAP
Q4 25
$5.5B
$3.1B
Q3 25
$3.5B
Q2 25
$3.7B
Q1 25
$2.7B
Q4 24
$5.5B
$3.2B
Q3 24
$3.6B
Q2 24
$3.8B
Q1 24
$3.0B
Net Profit
FMS
FMS
TAP
TAP
Q4 25
$434.2M
$238.3M
Q3 25
$-2.9B
Q2 25
$428.7M
Q1 25
$121.0M
Q4 24
$127.6M
$287.8M
Q3 24
$199.8M
Q2 24
$427.0M
Q1 24
$207.8M
Gross Margin
FMS
FMS
TAP
TAP
Q4 25
27.4%
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
25.0%
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
FMS
FMS
TAP
TAP
Q4 25
11.7%
10.4%
Q3 25
-98.5%
Q2 25
15.6%
Q1 25
6.9%
Q4 24
5.1%
12.0%
Q3 24
12.5%
Q2 24
15.6%
Q1 24
10.3%
Net Margin
FMS
FMS
TAP
TAP
Q4 25
7.9%
7.6%
Q3 25
-84.0%
Q2 25
11.5%
Q1 25
4.5%
Q4 24
2.3%
8.9%
Q3 24
5.5%
Q2 24
11.1%
Q1 24
6.8%
EPS (diluted)
FMS
FMS
TAP
TAP
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$2.03
Q1 24
$0.97

Balance Sheet & Financial Strength

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

Metric
FMS
FMS
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.7B
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$15.4B
$10.2B
Total Assets
$33.5B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMS
FMS
TAP
TAP
Q4 25
$1.7B
$896.5M
Q3 25
$950.2M
Q2 25
$613.8M
Q1 25
$412.7M
Q4 24
$1.3B
$969.3M
Q3 24
$1.0B
Q2 24
$1.6B
Q1 24
$458.4M
Total Debt
FMS
FMS
TAP
TAP
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Q1 24
$6.2B
Stockholders' Equity
FMS
FMS
TAP
TAP
Q4 25
$15.4B
$10.2B
Q3 25
$10.3B
Q2 25
$13.4B
Q1 25
$13.1B
Q4 24
$17.0B
$13.1B
Q3 24
$13.3B
Q2 24
$13.2B
Q1 24
$13.1B
Total Assets
FMS
FMS
TAP
TAP
Q4 25
$33.5B
$22.7B
Q3 25
$22.9B
Q2 25
$26.8B
Q1 25
$25.9B
Q4 24
$36.3B
$26.1B
Q3 24
$26.6B
Q2 24
$27.4B
Q1 24
$26.1B
Debt / Equity
FMS
FMS
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.47×

Cash Flow & Capital Efficiency

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

Metric
FMS
FMS
TAP
TAP
Operating Cash FlowLast quarter
$2.9B
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
6.67×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMS
FMS
TAP
TAP
Q4 25
$2.9B
$540.7M
Q3 25
$616.1M
Q2 25
$718.3M
Q1 25
$-90.7M
Q4 24
$2.6B
$494.5M
Q3 24
$521.2M
Q2 24
$869.2M
Q1 24
$25.4M
Free Cash Flow
FMS
FMS
TAP
TAP
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
Q1 24
$-189.3M
FCF Margin
FMS
FMS
TAP
TAP
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Q1 24
-6.2%
Capex Intensity
FMS
FMS
TAP
TAP
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Q1 24
7.0%
Cash Conversion
FMS
FMS
TAP
TAP
Q4 25
6.67×
2.27×
Q3 25
Q2 25
1.68×
Q1 25
-0.75×
Q4 24
20.20×
1.72×
Q3 24
2.61×
Q2 24
2.04×
Q1 24
0.12×

Financial Flow Comparison

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

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