Select Medical Holdings (SEM) Gross Margin (2018 - 2026)

Select Medical Holdings (SEM) reported Gross Margin of 12.34% for Q1 2026, down 100.0% year-over-year from inf% in Q1 2025, and up 18.22% quarter-over-quarter from 10.44% in Q4 2025.

Select Medical Holdings (SEM) Gross Margin (2018 - 2026) Analysis & Trends

Select Medical Holdings (SEM) has 9 years of Gross Margin data on file, last reported at 12.34% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 12.34%, down 100.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.31% (down 45.0% YoY), and the FY2025 annual result was 11.54%, down 68.0% from the prior year.
  • Gross Margin advanced to 12.34% in Q1 2026 per SEM's latest filing, from 10.44% in the prior quarter.
  • Over five years, Gross Margin peaked at 111.41% in Q4 2022 and troughed at 10.43% in Q3 2023.
  • A 5-year average of 17.74% and a median of 12.04% in 2022 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 10133 bps in 2022, then slumped 9959 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 111.41% in 2022, then slumped by 89 bps to 11.83% in 2023, then declined by 11 bps to 10.47% in 2024, then retreated by 0 bps to 10.44% in 2025, then advanced by 18 bps to 12.34% in 2026.
  • Business Quant data shows SEM's Gross Margin at 12.34% in Q1 2026, 10.44% in Q4 2025, and 10.81% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 85.07%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 82.10%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 31.42%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 84.75%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 21.12%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 71.44%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn -18,654.20%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 32.82%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 24.35%
10 Select Medical Holdings 2.00 Bn 1.99 Bn 175.47 Mn 12.34%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.34%
Dec 31, 2025 10.44%
Sep 30, 2025 10.81%
Jun 30, 2025 11.60%
Mar 31, 2025 13.34%
Dec 31, 2024 10.47%
Sep 30, 2024 10.69%
Jun 30, 2024 12.47%
Mar 31, 2024 15.18%
Dec 31, 2023 11.83%
Sep 30, 2023 10.43%
Jun 30, 2023 12.48%
Mar 31, 2023 12.62%
Dec 31, 2022 111.41%
Sep 30, 2022 11.10%
Jun 30, 2022 12.25%
Mar 31, 2022 12.04%
Dec 31, 2021 10.08%
Sep 30, 2021 15.42%
Jun 30, 2021 17.43%