Select Medical Holdings (SEM) Operating Expenses (2018 - 2026)
Select Medical Holdings (SEM) posted quarterly Operating Expenses of $1.3 billion for Q1 2026, up 6.66% YoY from $1.2 billion in Q1 2025, and down 0.72% sequentially from $1.3 billion in Q4 2025.
Select Medical Holdings (SEM) Operating Expenses (2018 - 2026) Analysis & Trends
Select Medical Holdings has disclosed Operating Expenses across 9 years of filings, most recently posting $1.3 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 6.66% year-over-year to $1.3 billion; the TTM figure through Mar 2026 stood at $5.2 billion (up 4.9% YoY), while the FY2025 annual figure was $5.1 billion, up 3.98% from the prior year.
- Operating Expenses eased to $1.3 billion in Q1 2026, from $1.3 billion in the prior quarter.
- Over the last five years, Operating Expenses for SEM reached as high as $1.5 billion in Q3 2023 and fell as low as -$5.5 million in Q4 2023.
- The 5-year median for Operating Expenses is $1.3 billion (2024), against an average of $1.2 billion.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 116.46% — and 2024, when it jumped 23417.91%.
- A 5-year view of Operating Expenses shows it stood at $33.7 million in 2022, then slumped by 116.46% to -$5.5 million in 2023, then jumped by 23417.91% to $1.3 billion in 2024, then gained by 3.18% to $1.3 billion in 2025, then slipped by 0.72% to $1.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.3 billion, $1.3 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 16.82 Bn |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 572.94 Mn |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 27.00 Mn |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 2.93 Bn |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 1.29 Bn |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 1.26 Bn |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 3.99 Bn |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 1.30 Bn |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | -25.79 Mn |
| 10 | Select Medical Holdings | 2.05 Mn | -2.67 Mn | 175.47 Mn | 1.32 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.32 Bn |
| Dec 31, 2025 | 1.33 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | 1.20 Bn |
| Dec 31, 2023 | -5.54 Mn |
| Sep 30, 2023 | 1.54 Bn |
| Jun 30, 2023 | 1.52 Bn |
| Mar 31, 2023 | 1.51 Bn |
| Dec 31, 2022 | 33.65 Mn |
| Sep 30, 2022 | 1.48 Bn |
| Jun 30, 2022 | 1.48 Bn |
| Mar 31, 2022 | 1.50 Bn |
| Dec 31, 2021 | 1.49 Bn |
| Sep 30, 2021 | 1.39 Bn |
| Jun 30, 2021 | 1.38 Bn |