Healthcare Services (HCSG) Gross Margin (2009 - 2026)
Healthcare Services (HCSG) posted quarterly Gross Margin of 16.39% for Q1 2026, up 120.0% YoY from 7.45% in Q1 2025, and up 6.11% sequentially from 15.44% in Q4 2025.
Healthcare Services (HCSG) Gross Margin (2009 - 2026) Analysis & Trends
Healthcare Services has disclosed Gross Margin across 18 years of filings, most recently posting 16.39% for Q1 2026.
- In Q1 2026, Gross Margin rose 120.0% year-over-year to 16.39%; the TTM figure through Mar 2026 stood at 13.35% (up 4.0% YoY), while the FY2025 annual figure was 13.03%, down 26.0% from the prior year.
- Gross Margin improved to 16.39% in Q1 2026, from 15.44% in the prior quarter.
- Over the last five years, Gross Margin for HCSG reached as high as 20.76% in Q3 2025 and fell as low as 0.65% in Q2 2025.
- The 5-year median for Gross Margin is 13.37% (2022), against an average of 12.86%.
- Annual changes were most pronounced in 2024 — Gross Margin surged 644 bps — and 2025, when it tumbled 910 bps.
- A 5-year view of Gross Margin shows it stood at 13.37% in 2022, then surged by 32 bps to 17.63% in 2023, then dropped by 24 bps to 13.39% in 2024, then climbed by 15 bps to 15.44% in 2025, then climbed by 6 bps to 16.39% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 16.39%, 15.44%, and 20.76% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 85.07% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 32.82% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 82.10% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 31.42% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 84.75% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 21.12% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 71.44% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 24.35% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 74.36% |
| 10 | Healthcare Services | 1.75 Bn | 1.58 Bn | 75.83 Mn | 16.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.39% |
| Dec 31, 2025 | 15.44% |
| Sep 30, 2025 | 20.76% |
| Jun 30, 2025 | 0.65% |
| Mar 31, 2025 | 15.18% |
| Dec 31, 2024 | 13.39% |
| Sep 30, 2024 | 14.81% |
| Jun 30, 2024 | 9.75% |
| Mar 31, 2024 | 15.24% |
| Dec 31, 2023 | 17.63% |
| Sep 30, 2023 | 8.37% |
| Jun 30, 2023 | 12.11% |
| Mar 31, 2023 | 13.15% |
| Dec 31, 2022 | 13.37% |
| Sep 30, 2022 | 9.07% |
| Jun 30, 2022 | 10.71% |
| Mar 31, 2022 | 12.55% |
| Dec 31, 2021 | 11.16% |
| Sep 30, 2021 | 12.22% |
| Jun 30, 2021 | 15.51% |