Biote (BTMD) EBITDA Margin (2021 - 2026)
Biote's EBITDA Margin was -5.75% in Q2 2026, down 29.65 percentage points from 23.89% a year earlier and down 14.98 percentage points from the prior quarter.
Powered by 
Analysis
Biote (BTMD) EBITDA Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Biote's EBITDA Margin was 10.13% through Jun 30, 2026, down 9.52 percentage points year-over-year; for FY2025, it came in at 20.40%, up 2.56 percentage points from FY2024.
- EBITDA Margin has now increased for three consecutive years, though with a four-year change of -5.39 percentage points (FY2021 to FY2025).
- In earlier years, EBITDA Margin was 17.84% in FY2024 (+0.77 pp), 17.08% in FY2023 (+52.55 pp), -35.48% in FY2022 (-61.28 pp) and 25.80% in FY2021.
- The Q2 2026 figure marks the lowest quarterly EBITDA Margin since Q2 2022.
- Compared with a year earlier, EBITDA Margin was higher in three of the last eight quarters, with an average year-over-year change of -3.98 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2023 (a gain of 222.26 percentage points); the worst was Q2 2022 (a drop of 235.66 percentage points).
- Per Business Quant data, BTMD's EBITDA Margin in the three quarters before Q2 2026 was 9.23% (Q1 2026), 16.76% (Q4 2025) and 19.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 19.86% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -5.84% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 15.36% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 20.21% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -33.96% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 4.78% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -2.44% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 19.80% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 18.40% |
| 10 | Biote | 42.67 Mn | 961,552.38 | 29.33 Mn | 8.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.50% |
| Jun 30, 2026 | -5.36% |
| Mar 31, 2026 | 9.69% |
| Dec 31, 2025 | 17.23% |
| Sep 30, 2025 | 19.65% |
| Jun 30, 2025 | 24.30% |
| Mar 31, 2025 | 21.96% |
| Dec 31, 2024 | 8.27% |
| Sep 30, 2024 | 25.68% |
| Jun 30, 2024 | 14.87% |
| Mar 31, 2024 | 24.31% |
| Dec 31, 2023 | 15.80% |
| Sep 30, 2023 | 18.03% |
| Jun 30, 2023 | 17.04% |
| Mar 31, 2023 | 19.21% |
| Dec 31, 2022 | 18.11% |
| Sep 30, 2022 | 20.49% |
| Jun 30, 2022 | -205.30% |
| Mar 31, 2022 | 27.78% |
| Dec 31, 2021 | 17.03% |
API Access
Biote EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BTMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();