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
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%