Surgery Partners (SGRY) Gross Margin (2014 - 2026)
Surgery Partners (SGRY) posted Gross Margin of 72.84% for Q1 2026, down 22.48% sequentially from 93.97% in Q4 2025, and down 2154.0% YoY from 3.55% in Q1 2025.
Surgery Partners (SGRY) Gross Margin (2014 - 2026) Analysis & Trends
Surgery Partners (SGRY) has 13 years of Gross Margin data on file, last reported at 72.84% in Q1 2026.
- Quarterly Gross Margin fell 2154.0% year-over-year to 72.84% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 88.69% (up 5.0% YoY) and the FY2025 annual result came in at 93.91%, up 2002.0% from the prior year.
- Gross Margin retreated to 72.84% in Q1 2026 per SGRY's latest filing, from 93.97% in the prior quarter.
- The five-year high for Gross Margin was 150.92% in Q4 2023, with the low at 16.15% in Q4 2022.
- Average Gross Margin over 5 years is 90.11%, with a median of 93.74% recorded in 2022.
- Year-over-year, Gross Margin tumbled 7829 bps in 2022 and soared 13477 bps in 2023.
- Surgery Partners' Gross Margin stood at 16.15% in 2022, then surged by 834 bps to 150.92% in 2023, then sank by 51 bps to 74.2% in 2024, then advanced by 27 bps to 93.97% in 2025, then dropped by 22 bps to 72.84% in 2026.
- Business Quant data shows SGRY's Gross Margin at 72.84% in Q1 2026, 93.97% in Q4 2025, and 94.04% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 85.07% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 32.82% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 82.10% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 31.42% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 84.75% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 21.12% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 71.44% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 24.35% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 74.36% |
| 10 | Surgery Partners | 2.13 Bn | 2.33 Bn | 590.70 Mn | 72.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 72.84% |
| Dec 31, 2025 | 93.97% |
| Sep 30, 2025 | 94.04% |
| Jun 30, 2025 | 93.29% |
| Mar 31, 2025 | 94.38% |
| Dec 31, 2024 | 74.20% |
| Sep 30, 2024 | 93.74% |
| Jun 30, 2024 | 94.04% |
| Mar 31, 2024 | 92.46% |
| Dec 31, 2023 | 150.92% |
| Sep 30, 2023 | 93.98% |
| Jun 30, 2023 | 93.80% |
| Mar 31, 2023 | 93.16% |
| Dec 31, 2022 | 16.15% |
| Sep 30, 2022 | 93.39% |
| Jun 30, 2022 | 93.74% |
| Mar 31, 2022 | 93.74% |
| Dec 31, 2021 | 94.44% |
| Sep 30, 2021 | 93.90% |
| Jun 30, 2021 | 71.01% |