Biote (BTMD) FCF Margin (2021 - 2026)
Biote's FCF Margin was -8.44% in Q2 2026, down 19.24 percentage points from 10.80% a year earlier and down 16.32 percentage points from the prior quarter.
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Analysis
Biote (BTMD) FCF Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Biote's FCF Margin was 10.83% through Jun 30, 2026, down 6.66 percentage points year-over-year; for FY2025, it was 15.70%, down 3.98 percentage points from FY2024.
- FCF Margin shows a four-year change of -7.45 percentage points (FY2021 to FY2025).
- In earlier years, FCF Margin was 19.68% in FY2024 (+5.37 pp), 14.31% in FY2023 (+20.06 pp), -5.75% in FY2022 (-28.90 pp) and 23.15% in FY2021.
- The Q2 2026 figure marks the lowest quarterly FCF Margin since Q2 2022.
- Compared with a year earlier, FCF Margin has declined for three straight quarters, with an average year-over-year change of -0.32 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q2 2023 (a gain of 82.98 percentage points); the worst was Q2 2022 (a drop of 120.88 percentage points).
- Per Business Quant data, BTMD's FCF Margin in the three quarters before Q2 2026 was 7.88% (Q1 2026), 13.99% (Q4 2025) and 28.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 15.64% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 0.66% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 10.82% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 14.37% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -10.30% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 4.33% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -0.03% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 7.92% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 10.04% |
| 10 | Biote | 42.67 Mn | 961,552.38 | 29.33 Mn | 2.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.56% |
| Jun 30, 2026 | -8.44% |
| Mar 31, 2026 | 7.88% |
| Dec 31, 2025 | 13.99% |
| Sep 30, 2025 | 28.30% |
| Jun 30, 2025 | 10.80% |
| Mar 31, 2025 | 9.87% |
| Dec 31, 2024 | 21.47% |
| Sep 30, 2024 | 27.26% |
| Jun 30, 2024 | 15.13% |
| Mar 31, 2024 | 14.25% |
| Dec 31, 2023 | 15.57% |
| Sep 30, 2023 | -0.64% |
| Jun 30, 2023 | 13.74% |
| Mar 31, 2023 | 28.83% |
| Dec 31, 2022 | 13.59% |
| Sep 30, 2022 | 15.23% |
| Jun 30, 2022 | -69.24% |
| Mar 31, 2022 | 18.06% |
| Dec 31, 2021 | 25.06% |
API Access
Biote FCF 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=fcf-margin&ticker=BTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();