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Side-by-side financial comparison of Fresenius Medical Care AG (FMS) and TELUS CORP (TU). 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 $3.7B, roughly 1.5× TELUS CORP). Fresenius Medical Care AG runs the higher net margin — 7.9% vs -4.8%, a 12.8% gap on every dollar of revenue. On growth, TELUS CORP posted the faster year-over-year revenue change (2.2% vs -0.3%).

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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

FMS vs TU — Head-to-Head

Bigger by revenue
FMS
FMS
1.5× larger
FMS
$5.5B
$3.7B
TU
Growing faster (revenue YoY)
TU
TU
+2.5% gap
TU
2.2%
-0.3%
FMS
Higher net margin
FMS
FMS
12.8% more per $
FMS
7.9%
-4.8%
TU

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FMS
FMS
TU
TU
Revenue
$5.5B
$3.7B
Net Profit
$434.2M
$-178.8M
Gross Margin
27.4%
90.2%
Operating Margin
11.7%
3.4%
Net Margin
7.9%
-4.8%
Revenue YoY
-0.3%
2.2%
Net Profit YoY
240.4%
-210.9%
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
FMS
FMS
TU
TU
Q4 25
$5.5B
Q2 25
$3.7B
Q4 24
$5.5B
Q2 24
$3.6B
Net Profit
FMS
FMS
TU
TU
Q4 25
$434.2M
Q2 25
$-178.8M
Q4 24
$127.6M
Q2 24
$161.3M
Gross Margin
FMS
FMS
TU
TU
Q4 25
27.4%
Q2 25
90.2%
Q4 24
25.0%
Q2 24
87.9%
Operating Margin
FMS
FMS
TU
TU
Q4 25
11.7%
Q2 25
3.4%
Q4 24
5.1%
Q2 24
13.7%
Net Margin
FMS
FMS
TU
TU
Q4 25
7.9%
Q2 25
-4.8%
Q4 24
2.3%
Q2 24
4.4%

Balance Sheet & Financial Strength

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

Metric
FMS
FMS
TU
TU
Cash + ST InvestmentsLiquidity on hand
$1.7B
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$15.4B
$11.8B
Total Assets
$33.5B
$44.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMS
FMS
TU
TU
Q4 25
$1.7B
Q2 25
$2.7B
Q4 24
$1.3B
Q2 24
$676.7M
Stockholders' Equity
FMS
FMS
TU
TU
Q4 25
$15.4B
Q2 25
$11.8B
Q4 24
$17.0B
Q2 24
$12.4B
Total Assets
FMS
FMS
TU
TU
Q4 25
$33.5B
Q2 25
$44.3B
Q4 24
$36.3B
Q2 24
$41.8B

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
TU
TU
Operating Cash FlowLast quarter
$2.9B
$851.2M
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
FMS
FMS
TU
TU
Q4 25
$2.9B
Q2 25
$851.2M
Q4 24
$2.6B
Q2 24
$1.0B
Cash Conversion
FMS
FMS
TU
TU
Q4 25
6.67×
Q2 25
Q4 24
20.20×
Q2 24
6.28×

Financial Flow Comparison

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

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