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% on a QoQ basis from 68.03% in Q4 2025.
Biote (BTMD) Gross Margin (2021 - 2026) Analysis & Trends
Biote (BTMD) has reported Gross Margin for 6 consecutive years, with 68.88% the latest figure, recorded in 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 came in at 68.88% for Q1 2026 at Biote, 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.
- Average Gross Margin over 5 years is 69.39%, with a median of 68.9% recorded in 2023.
- The largest YoY upside for Gross Margin was 8679 bps in 2022 against a maximum downside of 2779 bps in 2022.
- Year by year, Gross Margin stood at 65.33% in 2022, then rose by 6 bps to 69.36% in 2023, then advanced by 4 bps to 71.83% in 2024, then retreated by 5 bps to 68.03% in 2025, then climbed by 1 bps to 68.88% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 68.88%, 68.03%, and 71.77% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 85.07% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 32.82% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 82.10% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 31.42% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 84.75% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 21.12% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 71.44% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 24.35% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 74.36% |
| 10 | Biote | 5,970.00 | 2.82 Mn | 30.95 Mn | 68.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -21.46% |
| Sep 30, 2021 | 96.02% |
| Jun 30, 2021 | 66.50% |