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 | 94.08 Bn | 93.52 Bn | - | 19.96% |
| 2 | Natera | 59.53 Bn | 55.21 Bn | 485.19 Mn | -7.25% |
| 3 | Quest Diagnostics | 25.60 Bn | 24.03 Bn | 1.03 Bn | 19.88% |
| 4 | Labcorp Holdings | 24.98 Bn | 22.75 Bn | 1.11 Bn | 16.90% |
| 5 | Guardant Health | 23.75 Bn | 19.81 Bn | 219.03 Mn | -35.69% |
| 6 | Tenet Healthcare | 20.75 Bn | 11.90 Bn | - | 30.49% |
| 7 | Tempus AI | 14.47 Bn | 11.50 Bn | 246.50 Mn | - |
| 8 | Encompass Health | 12.19 Bn | 12.65 Bn | - | 24.09% |
| 9 | Davita | 11.20 Bn | 9.97 Bn | 1.16 Bn | 21.01% |
| 10 | Biote | 51.02 Mn | -10.04 Mn | 28.92 Mn | -5.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.75% |
| Mar 31, 2026 | 9.23% |
| Dec 31, 2025 | 16.76% |
| Sep 30, 2025 | 19.22% |
| Jun 30, 2025 | 23.89% |
| Mar 31, 2025 | 21.53% |
| Dec 31, 2024 | 7.84% |
| Sep 30, 2024 | 25.29% |
| Jun 30, 2024 | 14.46% |
| Mar 31, 2024 | 23.88% |
| Dec 31, 2023 | 15.36% |
| Sep 30, 2023 | 17.59% |
| Jun 30, 2023 | 16.65% |
| Mar 31, 2023 | 18.77% |
| Dec 31, 2022 | 17.66% |
| Sep 30, 2022 | 20.00% |
| Jun 30, 2022 | -205.62% |
| Mar 31, 2022 | 27.64% |
| Dec 31, 2021 | 16.89% |
| Sep 30, 2021 | 26.19% |
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();