BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026)
BrightSpring Health Services (BTSG) reported Gross Margin of 13.34% for Q1 2026, up 159.0% on a YoY basis from 5.15% in Q1 2025, and up 14.85% quarter-over-quarter from 11.62% in Q4 2025.
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 13.34% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 159.0% year-over-year to 13.34%; the trailing twelve-month figure through Mar 2026 stood at 12.18% (down 13.0% YoY), and the FY2025 full-year result was 11.76%, down 82.0% from the prior year.
- Gross Margin for Q1 2026 stood at 13.34%, up from 11.62% in the prior quarter.
- The five-year high for Gross Margin was 17.17% in Q2 2023, with the low at 5.96% in Q4 2023.
- Historically, Gross Margin has averaged 12.79% across 4 years, with a median of 12.42% in 2024.
- The largest YoY upside for Gross Margin was 636 bps in 2024 against a maximum downside of 437 bps in 2024.
- BrightSpring Health Services' Gross Margin stood at 5.96% in 2023, then soared by 107 bps to 12.33% in 2024, then declined by 6 bps to 11.62% in 2025, then increased by 15 bps to 13.34% in 2026.
- The last three Gross Margin figures came in at 13.34% (Q1 2026), 11.62% (Q4 2025), and 11.76% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 91.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |