Biote (BTMD) Net Margin (2021 - 2026)
Biote's Net Margin was -14.84% in Q2 2026, down 21.36 percentage points from 6.52% a year earlier and down 19.90 percentage points from the prior quarter.
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Analysis
Biote (BTMD) Net Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Biote's Net Margin was 3.19% through Jun 30, 2026, down 12.54 percentage points year-over-year; for FY2025, it was 14.07%, up 12.47 percentage points from FY2024.
- Net Margin shows a four-year change of +6.10 percentage points (FY2021 to FY2025).
- In earlier years, Net Margin was 1.60% in FY2024 (-0.19 pp), 1.79% in FY2023 (+2.38 pp), -0.59% in FY2022 (-8.56 pp) and 7.97% in FY2021.
- The Q2 2026 figure marks the lowest quarterly Net Margin since Q1 2023.
- Compared with a year earlier, Net Margin has declined for four straight quarters, with an average year-over-year change of +0.17 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q1 2025 (a gain of 36.89 percentage points); the worst was Q2 2022 (a drop of 44.40 percentage points).
- Per Business Quant data, BTMD's Net Margin in the three quarters before Q2 2026 was 5.07% (Q1 2026), 4.21% (Q4 2025) and 17.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.08 Bn | 93.52 Bn | - | 8.40% |
| 2 | Natera | 59.53 Bn | 55.21 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 25.60 Bn | 24.03 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 24.98 Bn | 22.75 Bn | 1.11 Bn | 8.01% |
| 5 | Guardant Health | 23.75 Bn | 19.81 Bn | 219.03 Mn | -35.87% |
| 6 | Tenet Healthcare | 20.75 Bn | 11.90 Bn | - | 14.68% |
| 7 | Tempus AI | 14.47 Bn | 11.50 Bn | 246.50 Mn | 1.48% |
| 8 | Encompass Health | 12.19 Bn | 12.65 Bn | - | 9.63% |
| 9 | Davita | 11.20 Bn | 9.97 Bn | 1.16 Bn | 7.47% |
| 10 | Biote | 51.02 Mn | -10.04 Mn | 28.92 Mn | -14.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.84% |
| Mar 31, 2026 | 5.07% |
| Dec 31, 2025 | 4.21% |
| Sep 30, 2025 | 17.07% |
| Jun 30, 2025 | 6.52% |
| Mar 31, 2025 | 28.00% |
| Dec 31, 2024 | 7.43% |
| Sep 30, 2024 | 20.83% |
| Jun 30, 2024 | -14.41% |
| Mar 31, 2024 | -8.89% |
| Dec 31, 2023 | 16.92% |
| Sep 30, 2023 | 16.53% |
| Jun 30, 2023 | -10.44% |
| Mar 31, 2023 | -15.18% |
| Dec 31, 2022 | 3.65% |
| Sep 30, 2022 | 0.04% |
| Jun 30, 2022 | -6.30% |
| Mar 31, 2022 | 3.16% |
| Dec 31, 2021 | -3.14% |
| Sep 30, 2021 | 8.42% |
API Access
Biote Net 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=net-margin&ticker=BTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();