BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026)
BrightSpring Health Services (BTSG) posted quarterly Gross Margin of 12.72% for Q2 2026, up 81.0% year-over-year from 7.03% in Q2 2025, and down 4.66% on a QoQ basis from 13.34% in Q1 2026.
BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026) Analysis & Trends
BrightSpring Health Services has reported Gross Margin for 4 years, with the latest figure at 12.72% in Q2 2026.
- Gross Margin for Q2 2026 came in at 12.72%, up 81.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 12.38% (up 29.0% YoY), and the FY2025 annual result was 11.76%, down 82.0% from the prior year.
- Gross Margin eased to 12.72% in Q2 2026, from 13.34% in the prior quarter.
- Over five years, Gross Margin peaked at 17.17% in Q2 2023 and troughed at 5.96% in Q4 2023.
- A 4-year average of 12.78% and a median of 12.57% in 2024 frame the typical range for Gross Margin.
- The largest YoY upside for Gross Margin was 636 bps in 2024 against a maximum downside of 437 bps in 2024.
- A 4-year view of Gross Margin shows it stood at 5.96% in 2023, then jumped by 107 bps to 12.33% in 2024, then dropped by 6 bps to 11.62% in 2025, then climbed by 9 bps to 12.72% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 12.72% in Q2 2026, 13.34% in Q1 2026, and 11.62% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.72% |
| Mar 31, 2026 | 13.34% |
| Dec 31, 2025 | 11.62% |
| Sep 30, 2025 | 11.76% |
| Jun 30, 2025 | 11.91% |
| Mar 31, 2025 | 11.76% |
| Dec 31, 2024 | 12.33% |
| Sep 30, 2024 | 12.42% |
| Jun 30, 2024 | 12.80% |
| Mar 31, 2024 | 12.80% |
| Dec 31, 2023 | 5.96% |
| Sep 30, 2023 | 15.88% |
| Jun 30, 2023 | 17.17% |
| Mar 31, 2023 | 16.50% |