Surgery Partners (SGRY) Gross Margin (2014 - 2026)
Surgery Partners (SGRY) posted Gross Margin of 72.84% for Q1 2026, little changed sequentially from 72.97% in Q4 2025, and up 65.0% YoY from 44.15% in Q1 2025.
Surgery Partners (SGRY) Gross Margin (2014 - 2026) Analysis & Trends
Surgery Partners has reported Gross Margin for 13 years, with the latest figure at 72.84% in Q1 2026.
- Quarterly Gross Margin rose 65.0% year-over-year to 72.84% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 78.36% (down 1444.0% YoY) and the FY2025 annual result came in at 73.44%, down 2009.0% from the prior year.
- Gross Margin was little changed at 72.84% in Q1 2026 per SGRY's latest filing, from 72.97% in the prior quarter.
- Over five years, Gross Margin peaked at 144.91% in Q4 2024 and troughed at 71.72% in Q1 2023.
- A 5-year average of 83.24% and a median of 73.8% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 8156 bps in 2022, then jumped 7145 bps in 2024.
- Over 5 years, Gross Margin stood at 72.93% in 2022, then increased by 1 bps to 73.46% in 2023, then surged by 97 bps to 144.91% in 2024, then plunged by 50 bps to 72.97% in 2025, then dropped by 0 bps to 72.84% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 72.84%, 72.97%, and 74.57% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 32.70% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 21.26% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 70.85% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 23.70% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 32.90% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 31.70% |
| 10 | Surgery Partners | 1.97 Bn | 3.18 Bn | 622.10 Mn | 73.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 73.28% |
| Mar 31, 2026 | 72.84% |
| Dec 31, 2025 | 72.97% |
| Sep 30, 2025 | 74.57% |
| Jun 30, 2025 | 93.29% |
| Mar 31, 2025 | 72.19% |
| Dec 31, 2024 | 144.91% |
| Sep 30, 2024 | 73.86% |
| Jun 30, 2024 | 73.80% |
| Mar 31, 2024 | 92.46% |
| Dec 31, 2023 | 73.46% |
| Sep 30, 2023 | 73.42% |
| Jun 30, 2023 | 93.80% |
| Mar 31, 2023 | 71.72% |
| Dec 31, 2022 | 72.93% |
| Sep 30, 2022 | 93.39% |
| Jun 30, 2022 | 71.81% |
| Mar 31, 2022 | 93.74% |
| Dec 31, 2021 | 154.49% |
| Sep 30, 2021 | 93.90% |