Biote (BTMD) Operating Margin (2021 - 2026)
Biote (BTMD) posted quarterly Operating Margin of 7.05% for Q1 2026, down 1273.0% year-over-year from 0.6% in Q1 2025, and down 88.11% quarter-over-quarter from 59.27% in Q4 2025.
Biote (BTMD) Operating Margin (2021 - 2026) Analysis & Trends
Biote's Operating Margin history runs 6 years deep, the most recent figure standing at 7.05% for Q1 2026.
- In Q1 2026, Operating Margin fell 1273.0% year-over-year to 7.05%; the TTM figure through Mar 2026 stood at 26.42% (up 1093.0% YoY), while the FY2025 annual figure was 62.84%, up 4681.0% from the prior year.
- Operating Margin for Q1 2026 stood at 7.05%, down from 59.27% in the prior quarter.
- The five-year high for Operating Margin was 59.27% in Q4 2025, with the low at 206.98% in Q2 2022.
- The 5-year median for Operating Margin is 17.24% (2025), against an average of 6.22%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 23650 bps in 2022, then soared 22254 bps in 2023.
- Biote's Operating Margin stood at 16.42% in 2022, then decreased by 27 bps to 12.05% in 2023, then sank by 54 bps to 5.55% in 2024, then surged by 967 bps to 59.27% in 2025, then tumbled by 88 bps to 7.05% in 2026.
- Business Quant data shows BTMD's Operating Margin at 7.05% in Q1 2026, 59.27% in Q4 2025, and 17.24% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | -12.60% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 26.67% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 2.10% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 16.29% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 8.50% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 11.14% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 7.66% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 13.25% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 18.99% |
| 10 | Biote | 61.98 Mn | 58.05 Mn | 28.92 Mn | -7.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -7.93% |
| Mar 31, 2026 | 7.05% |
| Dec 31, 2025 | 59.27% |
| Sep 30, 2025 | 17.24% |
| Jun 30, 2025 | 22.03% |
| Mar 31, 2025 | 19.78% |
| Dec 31, 2024 | 5.55% |
| Sep 30, 2024 | 23.71% |
| Jun 30, 2024 | 12.68% |
| Mar 31, 2024 | 22.28% |
| Dec 31, 2023 | 12.05% |
| Sep 30, 2023 | 16.68% |
| Jun 30, 2023 | 15.57% |
| Mar 31, 2023 | 17.57% |
| Dec 31, 2022 | 16.42% |
| Sep 30, 2022 | 18.62% |
| Jun 30, 2022 | -206.98% |
| Mar 31, 2022 | 26.28% |
| Dec 31, 2021 | 15.78% |
| Sep 30, 2021 | 25.26% |