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 up 115.7% on a QoQ basis from 44.88% in Q4 2025.
Biote (BTMD) Operating Margin (2021 - 2026) Analysis & Trends
Biote (BTMD) has reported Operating Margin for 6 consecutive years, with 7.05% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 1273.0% year-over-year to 7.05%; the TTM figure through Mar 2026 stood at 0.73% (up 99.0% YoY), while the FY2025 annual figure was 4.11%, up 400.0% from the prior year.
- Operating Margin came in at 7.05% for Q1 2026 at Biote, up from 44.88% in the prior quarter.
- The five-year high for Operating Margin was 153.72% in Q4 2022, with the low at 206.98% in Q2 2022.
- Average Operating Margin over 5 years is 4.47%, with a median of 17.24% recorded in 2025.
- Across the five-year window, Operating Margin slumped 23650 bps in 2022 and jumped 22254 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 153.72% in 2022, then sank by 92 bps to 12.05% in 2023, then slumped by 577 bps to 57.45% in 2024, then grew by 22 bps to 44.88% in 2025, then soared by 116 bps to 7.05% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 7.05%, 44.88%, and 17.24% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | -2.96% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 12.86% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 24.14% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 14.11% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 3.76% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 8.99% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 11.19% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 8.45% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 17.01% |
| 10 | Biote | 5,970.00 | 2.82 Mn | 30.95 Mn | 7.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.05% |
| Dec 31, 2025 | -44.88% |
| Sep 30, 2025 | 17.24% |
| Jun 30, 2025 | 22.03% |
| Mar 31, 2025 | 19.78% |
| Dec 31, 2024 | -57.45% |
| 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 | 153.72% |
| 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% |
| Jun 30, 2021 | 29.53% |