Healthcare Services (HCSG) Operating Margin (2009 - 2026)
Healthcare Services (HCSG) posted quarterly Operating Margin of 4.72% for Q2 2026, up 1479.0% year-over-year from 0.3% in Q2 2025, and down 35.49% quarter-over-quarter from 7.31% in Q1 2026.
Healthcare Services (HCSG) Operating Margin (2009 - 2026) Analysis & Trends
Healthcare Services (HCSG) has reported Operating Margin for 18 consecutive years, with 4.72% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 1479.0% year-over-year to 4.72%; the TTM figure through Jun 2026 stood at 6.85% (up 645.0% YoY), while the FY2025 annual figure was 2.64%, up 2.0% from the prior year.
- Operating Margin retreated to 4.72% in Q2 2026 per HCSG's latest filing, from 7.31% in the prior quarter.
- Across five years, Operating Margin topped out at 9.88% in Q3 2025 and bottomed at 10.08% in Q2 2025.
- Historically, Operating Margin has averaged 3.16% across 5 years, with a median of 3.95% in 2022.
- Annual changes were most pronounced in 2025 — Operating Margin tumbled 940 bps — and 2026, when it surged 1479 bps.
- Healthcare Services' Operating Margin stood at 4.05% in 2022, then soared by 66 bps to 6.72% in 2023, then slumped by 53 bps to 3.15% in 2024, then jumped by 76 bps to 5.54% in 2025, then declined by 15 bps to 4.72% in 2026.
- Business Quant data shows HCSG's Operating Margin at 4.72% in Q2 2026, 7.31% in Q1 2026, and 5.54% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | -12.60% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 26.67% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 2.10% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 16.29% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 8.50% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 11.14% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 7.66% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 13.25% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 18.99% |
| 10 | Healthcare Services | 1.47 Bn | 1.30 Bn | 74.79 Mn | 4.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.72% |
| Mar 31, 2026 | 7.31% |
| Dec 31, 2025 | 5.54% |
| Sep 30, 2025 | 9.88% |
| Jun 30, 2025 | -10.08% |
| Mar 31, 2025 | 5.14% |
| Dec 31, 2024 | 3.15% |
| Sep 30, 2024 | 3.86% |
| Jun 30, 2024 | -0.68% |
| Mar 31, 2024 | 4.16% |
| Dec 31, 2023 | 6.72% |
| Sep 30, 2023 | -1.12% |
| Jun 30, 2023 | 2.22% |
| Mar 31, 2023 | 3.55% |
| Dec 31, 2022 | 4.05% |
| Sep 30, 2022 | 0.43% |
| Jun 30, 2022 | 3.81% |
| Mar 31, 2022 | 4.17% |
| Dec 31, 2021 | 0.62% |
| Sep 30, 2021 | 2.88% |