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
DateValue
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%