Healthcare Services (HCSG) Gross Margin (2009 - 2026)
Healthcare Services (HCSG) reported Gross Margin of 16.39% for Q1 2026, up 120.0% year-over-year from 7.45% in Q1 2025, and up 6.11% on a QoQ basis from 15.44% in Q4 2025.
Healthcare Services (HCSG) has 18 years of Gross Margin data on file, last reported at 16.39% in Q1 2026.
- Quarterly Gross Margin rose 120.0% year-over-year to 16.39% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.35% (up 4.0% YoY) and the FY2025 annual result came in at 13.03%, down 26.0% from the prior year.
- Gross Margin climbed to 16.39% in Q1 2026 per HCSG's latest filing, from 15.44% in the prior quarter.
- Across five years, Gross Margin topped out at 20.76% in Q3 2025 and bottomed at 0.65% in Q2 2025.
- The 5-year median for Gross Margin is 13.37% (2022), against an average of 12.86%.
- The widest annual swing landed in 2024, when Gross Margin soared 644 bps; it then tumbled 910 bps in 2025.
- Tracing HCSG's Gross Margin over 5 years: stood at 13.37% in 2022, then soared by 32 bps to 17.63% in 2023, then decreased by 24 bps to 13.39% in 2024, then gained by 15 bps to 15.44% in 2025, then gained by 6 bps to 16.39% in 2026.
- Per Business Quant, the three latest HCSG Gross Margin figures stand at 16.39% (Q1 2026), 15.44% (Q4 2025), and 20.76% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | Healthcare Services | 1.44 Bn | 1.27 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% |
| Mar 31, 2021 | 17.44% |
| Dec 31, 2020 | 16.77% |
| Sep 30, 2020 | 16.17% |
| Jun 30, 2020 | 14.27% |
| Mar 31, 2020 | 13.80% |
| Dec 31, 2019 | 13.48% |
| Sep 30, 2019 | 12.56% |
| Jun 30, 2019 | 13.33% |
| Mar 31, 2019 | 10.26% |
| Dec 31, 2018 | 14.21% |
| Sep 30, 2018 | 13.30% |
| Jun 30, 2018 | 13.02% |
| Mar 31, 2018 | 6.25% |
| Dec 31, 2017 | 13.74% |
| Sep 30, 2017 | 13.11% |
| Jun 30, 2017 | 13.50% |
| Mar 31, 2017 | 14.57% |
| Dec 31, 2016 | 14.47% |
| Sep 30, 2016 | 14.36% |
| Jun 30, 2016 | 14.06% |
| Mar 31, 2016 | 14.23% |
| Dec 31, 2015 | 12.78% |
| Sep 30, 2015 | 14.30% |
| Jun 30, 2015 | 14.39% |
| Mar 31, 2015 | 14.44% |
| Dec 31, 2014 | 13.25% |
| Sep 30, 2014 | 1.36% |
| Jun 30, 2014 | 13.62% |
| Mar 31, 2014 | 14.35% |
| Dec 31, 2013 | 11.35% |
| Sep 30, 2013 | 14.26% |
| Jun 30, 2013 | 14.25% |
| Mar 31, 2013 | 14.13% |
| Dec 31, 2012 | 13.79% |
| Sep 30, 2012 | 14.08% |
| Jun 30, 2012 | 13.82% |
| Mar 31, 2012 | 12.71% |
| Dec 31, 2011 | 13.21% |
| Sep 30, 2011 | 14.11% |
| Jun 30, 2011 | 14.07% |
| Mar 31, 2011 | 13.63% |
| Dec 31, 2010 | 14.42% |
| Sep 30, 2010 | 13.70% |
| Jun 30, 2010 | 14.36% |
| Mar 31, 2010 | 13.73% |
| Dec 31, 2009 | 13.03% |
| Sep 30, 2009 | 13.20% |
| Jun 30, 2009 | 14.67% |