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% on a QoQ basis from 10.44% in Q4 2025.
Select Medical Holdings (SEM) has 9 years of Gross Margin data on file, last reported at 12.34% in Q1 2026.
- Quarterly Gross Margin fell 100.0% year-over-year to 12.34% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.31% (down 45.0% YoY) and the FY2025 annual result came in at 11.54%, down 68.0% from the prior year.
- Gross Margin climbed to 12.34% in Q1 2026 per SEM's latest filing, from 10.44% in the prior quarter.
- Across five years, Gross Margin topped out at 111.41% in Q4 2022 and bottomed at 10.43% in Q3 2023.
- The 5-year median for Gross Margin is 12.04% (2022), against an average of 17.74%.
- The widest annual swing landed in 2022, when Gross Margin surged 10133 bps; it then plunged 9959 bps in 2023.
- Tracing SEM's Gross Margin over 5 years: stood at 111.41% in 2022, then plunged by 89 bps to 11.83% in 2023, then slipped by 11 bps to 10.47% in 2024, then declined by 0 bps to 10.44% in 2025, then rose by 18 bps to 12.34% in 2026.
- Per Business Quant, the three latest SEM Gross Margin figures stand at 12.34% (Q1 2026), 10.44% (Q4 2025), and 10.81% (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 | Select Medical Holdings | 1.99 Bn | 1.99 Bn | 175.47 Mn | 12.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 16.36% |
| Dec 31, 2020 | 14.65% |
| Sep 30, 2020 | 17.06% |
| Jun 30, 2020 | 12.19% |
| Mar 31, 2020 | 15.15% |
| Dec 31, 2019 | 14.47% |
| Sep 30, 2019 | 15.09% |
| Jun 30, 2019 | 15.51% |
| Mar 31, 2019 | 14.54% |
| Dec 31, 2018 | 13.54% |
| Sep 30, 2018 | 14.23% |
| Jun 30, 2018 | 15.54% |
| Mar 31, 2018 | 14.94% |