Biote (BTMD) Gross Margin (2021 - 2026)
Biote's quarterly Gross Margin came in at 68.88% in Q1 2026, down 538.0% year-on-year from 15.73% in Q1 2025, and up 1.25% quarter-over-quarter from 68.03% in Q4 2025.
Biote has reported Gross Margin for 6 years, with the latest figure at 68.88% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 538.0% year-over-year to 68.88%; the trailing twelve-month figure through Mar 2026 stood at 70.12% (down 115.0% YoY), and the FY2025 full-year result 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.
- Average Gross Margin over 5 years is 69.39%, with a median of 68.9% recorded in 2023.
- Peak annual rise in Gross Margin reached 8679 bps in 2022, while the deepest fall reached 2779 bps in 2022.
- Tracing BTMD's Gross Margin over 5 years: stood at 65.33% in 2022, then grew by 6 bps to 69.36% in 2023, then rose by 4 bps to 71.83% in 2024, then declined by 5 bps to 68.03% in 2025, then gained by 1 bps to 68.88% in 2026.
- The last three Gross Margin figures came in at 68.88% (Q1 2026), 68.03% (Q4 2025), and 71.77% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | Biote | 61.29 Mn | 64.11 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% |