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Side-by-side financial comparison of Fresenius Medical Care AG (FMS) and V F CORP (VFC). 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 $2.9B, roughly 1.9× V F CORP). V F CORP runs the higher net margin — 10.5% vs 7.9%, a 2.5% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% 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.

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

FMS vs VFC — Head-to-Head

Bigger by revenue
FMS
FMS
1.9× larger
FMS
$5.5B
$2.9B
VFC
Growing faster (revenue YoY)
VFC
VFC
+1.8% gap
VFC
1.5%
-0.3%
FMS
Higher net margin
VFC
VFC
2.5% more per $
VFC
10.5%
7.9%
FMS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FMS
FMS
VFC
VFC
Revenue
$5.5B
$2.9B
Net Profit
$434.2M
$300.8M
Gross Margin
27.4%
56.6%
Operating Margin
11.7%
10.1%
Net Margin
7.9%
10.5%
Revenue YoY
-0.3%
1.5%
Net Profit YoY
240.4%
79.3%
EPS (diluted)
$0.76

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
VFC
VFC
Q4 25
$5.5B
$2.9B
Q3 25
$2.8B
Q2 25
$1.8B
Q1 25
$2.0B
Q4 24
$5.5B
$2.8B
Q3 24
$2.8B
Q2 24
$1.9B
Q1 24
$2.4B
Net Profit
FMS
FMS
VFC
VFC
Q4 25
$434.2M
$300.8M
Q3 25
$189.8M
Q2 25
$-116.4M
Q1 25
$-150.8M
Q4 24
$127.6M
$167.8M
Q3 24
$52.2M
Q2 24
$-258.9M
Q1 24
$-418.3M
Gross Margin
FMS
FMS
VFC
VFC
Q4 25
27.4%
56.6%
Q3 25
52.2%
Q2 25
53.9%
Q1 25
52.7%
Q4 24
25.0%
56.3%
Q3 24
52.2%
Q2 24
52.0%
Q1 24
48.4%
Operating Margin
FMS
FMS
VFC
VFC
Q4 25
11.7%
10.1%
Q3 25
11.2%
Q2 25
-4.9%
Q1 25
2.2%
Q4 24
5.1%
8.0%
Q3 24
9.9%
Q2 24
-12.6%
Q1 24
-15.0%
Net Margin
FMS
FMS
VFC
VFC
Q4 25
7.9%
10.5%
Q3 25
6.8%
Q2 25
-6.6%
Q1 25
-7.5%
Q4 24
2.3%
5.9%
Q3 24
1.9%
Q2 24
-13.6%
Q1 24
-17.6%
EPS (diluted)
FMS
FMS
VFC
VFC
Q4 25
$0.76
Q3 25
$0.48
Q2 25
$-0.30
Q1 25
$-0.37
Q4 24
$0.43
Q3 24
$0.13
Q2 24
$-0.67
Q1 24
$-1.07

Balance Sheet & Financial Strength

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

Metric
FMS
FMS
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.5B
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$15.4B
$1.8B
Total Assets
$33.5B
$10.4B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMS
FMS
VFC
VFC
Q4 25
$1.7B
$1.5B
Q3 25
$419.1M
Q2 25
$642.4M
Q1 25
$429.4M
Q4 24
$1.3B
$1.4B
Q3 24
$492.2M
Q2 24
$637.4M
Q1 24
$674.6M
Total Debt
FMS
FMS
VFC
VFC
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.4B
Q4 24
$3.9B
Q3 24
$4.0B
Q2 24
$3.9B
Q1 24
$4.7B
Stockholders' Equity
FMS
FMS
VFC
VFC
Q4 25
$15.4B
$1.8B
Q3 25
$1.5B
Q2 25
$1.3B
Q1 25
$1.5B
Q4 24
$17.0B
$1.7B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.7B
Total Assets
FMS
FMS
VFC
VFC
Q4 25
$33.5B
$10.4B
Q3 25
$10.6B
Q2 25
$10.2B
Q1 25
$9.4B
Q4 24
$36.3B
$10.6B
Q3 24
$12.2B
Q2 24
$11.5B
Q1 24
$11.6B
Debt / Equity
FMS
FMS
VFC
VFC
Q4 25
1.99×
Q3 25
2.40×
Q2 25
2.76×
Q1 25
2.30×
Q4 24
2.31×
Q3 24
2.86×
Q2 24
2.84×
Q1 24
2.84×

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
VFC
VFC
Operating Cash FlowLast quarter
$2.9B
$1.0B
Free Cash FlowOCF − Capex
$977.9M
FCF MarginFCF / Revenue
34.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
6.67×
3.36×
TTM Free Cash FlowTrailing 4 quarters
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMS
FMS
VFC
VFC
Q4 25
$2.9B
$1.0B
Q3 25
$-227.0M
Q2 25
$-145.5M
Q1 25
$-171.1M
Q4 24
$2.6B
$918.1M
Q3 24
$-301.6M
Q2 24
$19.8M
Q1 24
Free Cash Flow
FMS
FMS
VFC
VFC
Q4 25
$977.9M
Q3 25
$-253.5M
Q2 25
$-173.7M
Q1 25
$-193.0M
Q4 24
$899.7M
Q3 24
$-322.4M
Q2 24
$-5.4M
Q1 24
FCF Margin
FMS
FMS
VFC
VFC
Q4 25
34.0%
Q3 25
-9.0%
Q2 25
-9.9%
Q1 25
-9.6%
Q4 24
31.7%
Q3 24
-11.7%
Q2 24
-0.3%
Q1 24
Capex Intensity
FMS
FMS
VFC
VFC
Q4 25
1.1%
Q3 25
0.9%
Q2 25
1.6%
Q1 25
1.1%
Q4 24
0.6%
Q3 24
0.8%
Q2 24
1.3%
Q1 24
Cash Conversion
FMS
FMS
VFC
VFC
Q4 25
6.67×
3.36×
Q3 25
-1.20×
Q2 25
Q1 25
Q4 24
20.20×
5.47×
Q3 24
-5.78×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMS
FMS

Segment breakdown not available.

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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