BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026)
BrightSpring Health Services posted quarterly Gross Margin of 13.34% for Q1 2026, up 159.0% year-on-year from 5.15% in Q1 2025, and up 14.85% on a QoQ basis from 11.62% in Q4 2025.
BrightSpring Health Services (BTSG) has 4 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 17.17% in Q2 2023 and bottomed at 5.96% in Q4 2023.
- The 4-year median for Gross Margin is 12.42% (2024), against an average of 12.79%.
- Peak annual rise in Gross Margin reached 636 bps in 2024, while the deepest fall reached 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 fell by 6 bps to 11.62% in 2025, then rose 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 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% |