BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026)
BrightSpring Health Services (BTSG) reported Gross Margin of 12.72% for Q2 2026, up 0.81 percentage points from 11.91% a year earlier but down 0.62 percentage points from the prior quarter.
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Analysis
BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, BrightSpring Health Services' Gross Margin came in at 12.38%, up 0.29 percentage points year-over-year; for FY2025, it came in at 11.76%, down 0.82 percentage points from FY2024.
- Gross Margin has declined for three consecutive years, with a three-year change of -5.78 percentage points (FY2022 to FY2025).
- By year, Gross Margin came in at 12.57% in FY2024 (-2.24 pp), 14.81% in FY2023 (-2.73 pp) and 17.54% in FY2022.
- Five-year quarterly Gross Margin spans a low of 5.96% in Q4 2023 and a high of 17.17% in Q2 2023.
- Year over year, Gross Margin gained in three of the last eight quarters, with an average year-over-year change of +0.25 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2024 (a gain of 6.36 percentage points); the low point was Q2 2024 (a drop of 4.37 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.34% (Q1 2026), 11.62% (Q4 2025) and 11.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 29.80% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 65.39% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 64.45% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 32.70% |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 12.72% |
Historic Data
Download Data
Historic 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% |
API Access
BrightSpring Health Services Gross 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=gross-margin&ticker=BTSG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BTSG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BTSG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();