BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026)
BrightSpring Health Services (BTSG) posted Gross Margin of 13.34% for Q1 2026, up 14.85% on a QoQ basis from 11.62% in Q4 2025, and up 159.0% year-over-year from 5.15% in Q1 2025.
BrightSpring Health Services (BTSG) Gross Margin (2023 - 2026) Analysis & Trends
BrightSpring Health Services' Gross Margin history runs 4 years deep, the most recent figure standing at 13.34% for Q1 2026.
- Quarterly Gross Margin rose 159.0% year-over-year to 13.34% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.18% (down 13.0% YoY) and the FY2025 annual result came in at 11.76%, down 82.0% from the prior year.
- Gross Margin was 13.34% for Q1 2026 at BrightSpring Health Services, 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.
- A 4-year average of 12.79% and a median of 12.42% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 636 bps in 2024, while the deepest fall reached 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 climbed by 15 bps to 13.34% in 2026.
- Business Quant data shows BTSG's Gross Margin at 13.34% in Q1 2026, 11.62% in Q4 2025, and 11.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.70 Bn | 24.39 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.70 Bn | 13.80 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.30 Bn | 8.04 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.94 Bn | 5.62 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.86 Bn | 5.32 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.47 Bn | 4.17 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.45 Bn | 4.39 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.94 Bn | 3.19 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.18 Bn | 2.76 Bn | - | - |
| 10 | Omnicell | 1.85 Bn | 1.61 Bn | 140.36 Mn | 45.30% |
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% |