Select Medical Holdings (SEM) Operating Margin (2018 - 2026)
Select Medical Holdings (SEM) reported Operating Margin of 6.92% for Q1 2026, down 141.0% year-over-year from 16.89% in Q1 2025, and up 51.24% quarter-over-quarter from 4.58% in Q4 2025.
Select Medical Holdings (SEM) Operating Margin (2018 - 2026) Analysis & Trends
Select Medical Holdings (SEM) has 9 years of Operating Margin data on file, last reported at 6.92% in Q1 2026.
- Operating Margin for Q1 2026 came in at 6.92%, down 141.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.83% (up 80.0% YoY), and the FY2025 annual result was 6.17%, up 99.0% from the prior year.
- Operating Margin climbed to 6.92% in Q1 2026 per SEM's latest filing, from 4.58% in the prior quarter.
- Over five years, Operating Margin peaked at 120.13% in Q4 2022 and troughed at 14.23% in Q4 2023.
- A 5-year average of 12.63% and a median of 6.5% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 11516 bps in 2022, then sank 13436 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 120.13% in 2022, then plunged by 112 bps to 14.23% in 2023, then soared by 111 bps to 1.61% in 2024, then soared by 185 bps to 4.58% in 2025, then soared by 51 bps to 6.92% in 2026.
- Business Quant data shows SEM's Operating Margin at 6.92% in Q1 2026, 4.58% in Q4 2025, and 5.35% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 9,308.50% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 8.45% |
| 10 | Select Medical Holdings | 2.00 Bn | 1.99 Bn | 175.47 Mn | 6.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.92% |
| Dec 31, 2025 | 4.58% |
| Sep 30, 2025 | 5.35% |
| Jun 30, 2025 | 6.46% |
| Mar 31, 2025 | 8.33% |
| Dec 31, 2024 | 1.61% |
| Sep 30, 2024 | 4.32% |
| Jun 30, 2024 | 5.76% |
| Mar 31, 2024 | 8.97% |
| Dec 31, 2023 | -14.23% |
| Sep 30, 2023 | 10.91% |
| Jun 30, 2023 | 13.19% |
| Mar 31, 2023 | 12.53% |
| Dec 31, 2022 | 120.13% |
| Sep 30, 2022 | 5.83% |
| Jun 30, 2022 | 7.63% |
| Mar 31, 2022 | 6.50% |
| Dec 31, 2021 | 4.97% |
| Sep 30, 2021 | 9.79% |
| Jun 30, 2021 | 18.16% |