Surgery Partners (SGRY) Gross Margin (2014 - 2026)
Surgery Partners recorded quarterly Gross Margin of 72.84% in Q1 2026, down 22.48% quarter-over-quarter from 93.97% in Q4 2025, and down 2154.0% year-over-year from 3.55% in Q1 2025.
Surgery Partners' Gross Margin history runs 13 years deep, the most recent figure standing at 72.84% for Q1 2026.
- In Q1 2026, Gross Margin fell 2154.0% year-over-year to 72.84%; the TTM figure through Mar 2026 stood at 88.69% (up 5.0% YoY), while the FY2025 annual figure was 93.91%, up 2002.0% from the prior year.
- Gross Margin came in at 72.84% for Q1 2026 at Surgery Partners, down from 93.97% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 150.92% in Q4 2023 to a low of 16.15% in Q4 2022.
- A 5-year average of 90.11% and a median of 93.74% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 7829 bps in 2022 and soared 13477 bps in 2023, its largest moves.
- Surgery Partners' Gross Margin stood at 16.15% in 2022, then soared by 834 bps to 150.92% in 2023, then tumbled by 51 bps to 74.2% in 2024, then rose by 27 bps to 93.97% in 2025, then decreased by 22 bps to 72.84% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 72.84%, 93.97%, and 94.04% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | Surgery Partners | 1.71 Bn | 1.92 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% |
| Mar 31, 2021 | 93.83% |
| Dec 31, 2020 | 17.11% |
| Sep 30, 2020 | 71.22% |
| Jun 30, 2020 | 92.98% |
| Mar 31, 2020 | 70.68% |
| Dec 31, 2019 | 24.98% |
| Sep 30, 2019 | 93.87% |
| Jun 30, 2019 | 72.29% |
| Mar 31, 2019 | 72.41% |
| Dec 31, 2018 | 26.77% |
| Sep 30, 2018 | 22.69% |
| Jun 30, 2018 | 22.10% |
| Mar 31, 2018 | 20.42% |
| Aug 31, 2017 | 17.41% |
| Jun 30, 2017 | 24.94% |
| Mar 31, 2017 | 25.94% |
| Dec 31, 2016 | 29.98% |
| Sep 30, 2016 | 28.76% |
| Jun 30, 2016 | 27.90% |
| Mar 31, 2016 | 26.35% |
| Dec 31, 2015 | 30.44% |
| Sep 30, 2015 | 29.54% |
| Jun 30, 2015 | 30.61% |
| Mar 31, 2015 | 30.50% |
| Dec 31, 2014 | 32.89% |
| Sep 30, 2014 | 40.53% |