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
DateValue
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