Biote (BTMD) Gross Margin (2021 - 2026)
Biote (BTMD) posted quarterly Gross Margin of 68.88% for Q1 2026, down 538.0% year-over-year from 15.73% in Q1 2025, and up 1.25% quarter-over-quarter from 68.03% in Q4 2025.
Biote (BTMD) Gross Margin (2021 - 2026) Analysis & Trends
Biote's Gross Margin history runs 6 years deep, the most recent figure standing at 68.88% for Q1 2026.
- In Q1 2026, Gross Margin fell 538.0% year-over-year to 68.88%; the TTM figure through Mar 2026 stood at 70.12% (down 115.0% YoY), while the FY2025 annual figure was 71.46%, up 94.0% from the prior year.
- Gross Margin for Q1 2026 stood at 68.88%, up from 68.03% in the prior quarter.
- The five-year high for Gross Margin was 74.26% in Q1 2025, with the low at 65.33% in Q4 2022.
- The 5-year median for Gross Margin is 68.9% (2023), against an average of 69.39%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 3140 bps in 2022, then jumped 403 bps in 2023.
- Biote's Gross Margin stood at 65.33% in 2022, then advanced by 6 bps to 69.36% in 2023, then grew by 4 bps to 71.83% in 2024, then slipped by 5 bps to 68.03% in 2025, then increased by 1 bps to 68.88% in 2026.
- Business Quant data shows BTMD's Gross Margin at 68.88% in Q1 2026, 68.03% in Q4 2025, and 71.77% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 32.70% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 21.26% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 70.85% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 23.70% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 32.90% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 31.70% |
| 10 | Biote | 61.98 Mn | 58.05 Mn | 28.92 Mn | 65.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.38% |
| Mar 31, 2026 | 68.88% |
| Dec 31, 2025 | 68.03% |
| Sep 30, 2025 | 71.77% |
| Jun 30, 2025 | 71.60% |
| Mar 31, 2025 | 74.26% |
| Dec 31, 2024 | 71.83% |
| Sep 30, 2024 | 70.27% |
| Jun 30, 2024 | 68.76% |
| Mar 31, 2024 | 71.26% |
| Dec 31, 2023 | 69.36% |
| Sep 30, 2023 | 68.90% |
| Jun 30, 2023 | 67.87% |
| Mar 31, 2023 | 69.05% |
| Dec 31, 2022 | 65.33% |
| Sep 30, 2022 | 68.22% |
| Jun 30, 2022 | 67.27% |
| Mar 31, 2022 | 66.95% |
| Dec 31, 2021 | 63.97% |
| Sep 30, 2021 | 98.41% |