Biote (BTMD) Gross Margin (2021 - 2026)
Biote (BTMD) recorded quarterly Gross Margin of 68.88% in Q1 2026, up 1.25% quarter-over-quarter from 68.03% in Q4 2025, and down 538.0% on a YoY basis from 15.73% in Q1 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 was 68.88% for Q1 2026 at Biote, up from 68.03% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 74.26% in Q1 2025 to a low of 65.33% in Q4 2022.
- Historically, Gross Margin has averaged 69.39% across 5 years, with a median of 68.9% in 2023.
- Biggest YoY gain for Gross Margin was 8679 bps in 2022; the steepest drop was 2779 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 65.33% in 2022, then climbed by 6 bps to 69.36% in 2023, then increased by 4 bps to 71.83% in 2024, then dropped by 5 bps to 68.03% in 2025, then rose 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | -18,654.20% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 24.35% |
| 10 | Biote | 67.42 Mn | 70.24 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% |