Surgery Partners (SGRY) FCF Margin (2014 - 2026)
Surgery Partners' FCF Margin came in at 4.42% for Q2 2026, down 2.59 percentage points from 7.01% a year earlier but up 4.95 percentage points from the prior quarter.
Surgery Partners (SGRY) FCF Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Surgery Partners reported FCF Margin of 5.57%, up 0.16 percentage points year-over-year; for FY2025, it came in at 5.91%, down 0.82 percentage points from FY2024.
- FCF Margin carries a five-year change of -5.06 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 6.73% in FY2024 (-0.74 pp), 7.47% in FY2023 (+4.39 pp), 3.08% in FY2022 (+1.75 pp) and 1.33% in FY2021 (-9.64 pp).
- The five-year range for quarterly FCF Margin is -2.19% (Q4 2022) to 12.71% (Q3 2023).
- Year-over-year, FCF Margin increased in three of the last eight quarters, with an average year-over-year change of -0.84 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2023 (a gain of 10.72 percentage points), and the weakest in Q3 2024 (a drop of 6.87 percentage points).
- Business Quant data shows SGRY's FCF Margin at -0.53% (Q1 2026), 10.24% (Q4 2025) and 7.77% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 5.46% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -1.15% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 8.41% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -20.76% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 7.41% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -3.57% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 3.90% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 9.01% |
| 10 | Surgery Partners | 1.92 Bn | 2.51 Bn | - | 4.42% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.42% |
| Mar 31, 2026 | -0.53% |
| Dec 31, 2025 | 10.24% |
| Sep 30, 2025 | 7.77% |
| Jun 30, 2025 | 7.01% |
| Mar 31, 2025 | -2.15% |
| Dec 31, 2024 | 10.31% |
| Sep 30, 2024 | 5.84% |
| Jun 30, 2024 | 7.33% |
| Mar 31, 2024 | 2.75% |
| Dec 31, 2023 | 5.82% |
| Sep 30, 2023 | 12.71% |
| Jun 30, 2023 | 3.94% |
| Mar 31, 2023 | 7.54% |
| Dec 31, 2022 | -2.19% |
| Sep 30, 2022 | 2.00% |
| Jun 30, 2022 | 3.20% |
| Mar 31, 2022 | 10.33% |
| Dec 31, 2021 | 0.92% |
| Sep 30, 2021 | -0.11% |
Surgery Partners FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=SGRY&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SGRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SGRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();