Select Medical Holdings (SEM) Operating Expenses (2018 - 2026)

Select Medical Holdings (SEM) reported Operating Expenses of $1.3 billion for Q1 2026, up 6.66% year-over-year from $1.2 billion in Q1 2025, and down 0.72% quarter-over-quarter from $1.3 billion in Q4 2025.

Select Medical Holdings (SEM) Operating Expenses (2018 - 2026) Analysis & Trends

Select Medical Holdings (SEM) has 9 years of Operating Expenses data on file, last reported at $1.3 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.3 billion, up 6.66% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.2 billion (up 4.9% YoY), and the FY2025 annual result was $5.1 billion, up 3.98% from the prior year.
  • Operating Expenses retreated to $1.3 billion in Q1 2026 per SEM's latest filing, from $1.3 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.5 billion in Q3 2023 and troughed at -$5.5 million in Q4 2023.
  • A 5-year average of $1.2 billion and a median of $1.3 billion in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 116.46% in 2023, then jumped 23417.91% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $33.7 million in 2022, then plunged 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.
  • Business Quant data shows SEM's Operating Expenses at $1.3 billion in Q1 2026, $1.3 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 27.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.29 Bn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 820.65 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.30 Bn
10 Select Medical Holdings 2.00 Bn 1.99 Bn 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