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% quarter-over-quarter from 25.21% in Q4 2025.
Select Medical Holdings (SEM) Tax Rate (2018 - 2026) Analysis & Trends
Select Medical Holdings (SEM) has 9 years of Tax Rate data on file, last reported at 22.31% in Q1 2026.
- Tax Rate for Q1 2026 came in at 22.31%, up 1.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.29% (down 35.0% YoY), and the FY2025 annual result was 21.34%, down 428.0% from the prior year.
- Tax Rate eased to 22.31% in Q1 2026 per SEM's latest filing, from 25.21% in the prior quarter.
- Over five years, Tax Rate peaked at 227.19% in Q3 2023 and troughed at 119.08% in Q4 2023.
- A 5-year average of 31.13% and a median of 24.29% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 19734 bps in 2023, then slumped 21761 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 20.81% in 2022, then sank by 672 bps to 119.08% in 2023, then jumped by 125 bps to 30.03% in 2024, then declined by 16 bps to 25.21% in 2025, then retreated by 11 bps to 22.31% in 2026.
- Business Quant data shows SEM's Tax Rate at 22.31% in Q1 2026, 25.21% in Q4 2025, and 21.01% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 18.80 |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 19.96 |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 19.40 |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 19.54 |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 22.41 |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 23.54 |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 88.41 |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 25.37 |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 29.07 |
| 10 | Select Medical Holdings | 2.00 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% |