Select Medical Holdings (SEM) Tax Rate (2018 - 2026)
Select Medical Holdings (SEM) reported Tax Rate of 22.31% for Q1 2026, up 1.0% year-over-year from 22.09% in Q1 2025, and down 11.49% on a QoQ basis from 25.21% in Q4 2025.
Select Medical Holdings (SEM) has 9 years of Tax Rate data on file, last reported at 22.31% in Q1 2026.
- Quarterly Tax Rate rose 1.0% year-over-year to 22.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.29% (down 35.0% YoY) and the FY2025 annual result came in at 21.34%, down 428.0% from the prior year.
- Tax Rate declined to 22.31% in Q1 2026 per SEM's latest filing, from 25.21% in the prior quarter.
- Across five years, Tax Rate topped out at 227.19% in Q3 2023 and bottomed at 119.08% in Q4 2023.
- The 5-year median for Tax Rate is 24.29% (2022), against an average of 31.13%.
- The widest annual swing landed in 2023, when Tax Rate surged 19734 bps; it then plunged 21761 bps in 2024.
- Tracing SEM's Tax Rate over 5 years: stood at 20.81% in 2022, then tumbled by 672 bps to 119.08% in 2023, then surged by 125 bps to 30.03% in 2024, then slipped by 16 bps to 25.21% in 2025, then declined by 11 bps to 22.31% in 2026.
- Per Business Quant, the three latest SEM Tax Rate figures stand at 22.31% (Q1 2026), 25.21% (Q4 2025), and 21.01% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 18.80 |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 19.96 |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 19.40 |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 19.54 |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 22.41 |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 23.54 |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 88.41 |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 25.37 |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 29.07 |
| 10 | Select Medical Holdings | 1.99 Bn | 1.99 Bn | 175.47 Mn | 22.31 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.31 |
| Mar 31, 2026 | 22.31 |
| Dec 31, 2025 | 25.21 |
| Dec 31, 2025 | 25.21 |
| Sep 30, 2025 | 21.01 |
| Sep 30, 2025 | 21.01 |
| Jun 30, 2025 | 17.52 |
| Jun 30, 2025 | 17.52 |
| Mar 31, 2025 | 22.30 |
| Mar 31, 2025 | 22.30 |
| Dec 31, 2024 | 30.03 |
| Dec 31, 2024 | 30.03 |
| Sep 30, 2024 | 9.58 |
| Sep 30, 2024 | 9.58 |
| Jun 30, 2024 | 32.61 |
| Jun 30, 2024 | 32.61 |
| Mar 31, 2024 | 30.25 |
| Mar 31, 2024 | 30.25 |
| Dec 31, 2023 | -119.08 |
| Dec 31, 2023 | -119.08 |
| Sep 30, 2023 | 227.19 |
| Sep 30, 2023 | 227.19 |
| Jun 30, 2023 | 57.60 |
| Jun 30, 2023 | 57.60 |
| Mar 31, 2023 | 54.73 |
| Mar 31, 2023 | 54.73 |
| Dec 31, 2022 | 20.81 |
| Dec 31, 2022 | 20.81 |
| Sep 30, 2022 | 29.85 |
| Sep 30, 2022 | 29.85 |
| Jun 30, 2022 | 23.02 |
| Jun 30, 2022 | 23.02 |
| Mar 31, 2022 | 24.29 |
| Mar 31, 2022 | 24.29 |
| Dec 31, 2021 | -14.98 |
| Dec 31, 2021 | -14.98 |
| Sep 30, 2021 | 21.63 |
| Sep 30, 2021 | 21.63 |
| Jun 30, 2021 | 25.08 |
| Jun 30, 2021 | 25.08 |
| Mar 31, 2021 | 24.72 |
| Mar 31, 2021 | 24.72 |
| Dec 31, 2020 | 25.54 |
| Dec 31, 2020 | 25.54 |
| Sep 30, 2020 | 23.20 |
| Sep 30, 2020 | 23.20 |
| Jun 30, 2020 | 25.69 |
| Jun 30, 2020 | 25.69 |
| Mar 31, 2020 | 23.72 |
| Mar 31, 2020 | 23.72 |
| Dec 31, 2019 | 20.96 |
| Dec 31, 2019 | 20.96 |
| Sep 30, 2019 | 22.59 |
| Sep 30, 2019 | 22.59 |
| Jun 30, 2019 | 25.77 |
| Jun 30, 2019 | 25.77 |
| Mar 31, 2019 | 25.72 |
| Mar 31, 2019 | 25.72 |
| Dec 31, 2018 | 27.28 |
| Dec 31, 2018 | 27.28 |
| Sep 30, 2018 | 24.78 |
| Sep 30, 2018 | 24.78 |