Surgery Partners (SGRY) Gross Margin (2014 - 2026)

Surgery Partners' (SGRY) quarterly Gross Margin came in at 72.84% in Q1 2026, down 2154.0% year-on-year from 3.55% in Q1 2025, and down 22.48% quarter-over-quarter from 93.97% in Q4 2025.

Surgery Partners (SGRY) Gross Margin (2014 - 2026) Analysis & Trends

Surgery Partners has disclosed Gross Margin across 13 years of filings, most recently posting 72.84% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 72.84%, down 2154.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 88.69% (up 5.0% YoY), and the FY2025 annual result 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.
  • The 5-year median for Gross Margin is 93.74% (2022), against an average of 90.11%.
  • Across the five-year window, Gross Margin sank 7829 bps in 2022 and surged 13477 bps in 2023, its largest moves.
  • Surgery Partners' Gross Margin stood at 16.15% in 2022, then surged by 834 bps to 150.92% in 2023, then plunged by 51 bps to 74.2% in 2024, then increased by 27 bps to 93.97% in 2025, then retreated by 22 bps to 72.84% in 2026.
  • The last three Gross Margin figures came in at 72.84% (Q1 2026), 93.97% (Q4 2025), and 94.04% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 85.07%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 82.10%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 31.42%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 84.75%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 21.12%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 71.44%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn -18,654.20%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 32.82%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 24.35%
10 Surgery Partners 1.87 Bn 2.07 Bn 590.70 Mn 72.84%

Historic Data

Download Data
DateValue
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%