Surgery Partners (SGRY) Operating Expenses (2014 - 2026)
Surgery Partners' (SGRY) quarterly Operating Expenses came in at $650.7 million in Q1 2026, down 8.88% year-on-year from $714.1 million in Q1 2025, and up 62.96% quarter-over-quarter from $399.3 million in Q4 2025.
Surgery Partners (SGRY) Operating Expenses (2014 - 2026) Analysis & Trends
Surgery Partners has disclosed Operating Expenses across 13 years of filings, most recently posting $650.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $650.7 million, down 8.88% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.4 billion (down 11.95% YoY), and the FY2025 annual result was $2.5 billion, down 8.02% from the prior year.
- Operating Expenses came in at $650.7 million for Q1 2026 at Surgery Partners, up from $399.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $737.3 million in Q4 2024 to a low of $314.5 million in Q4 2023.
- The 5-year median for Operating Expenses is $562.1 million (2024), against an average of $562.9 million.
- Across the five-year window, Operating Expenses soared 134.44% in 2024 and tumbled 45.84% in 2025, its largest moves.
- Surgery Partners' Operating Expenses stood at $522.8 million in 2022, then slumped by 39.84% to $314.5 million in 2023, then jumped by 134.44% to $737.3 million in 2024, then sank by 45.84% to $399.3 million in 2025, then jumped by 62.96% to $650.7 million in 2026.
- The last three Operating Expenses figures came in at $650.7 million (Q1 2026), $399.3 million (Q4 2025), and $715.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 16.82 Bn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 27.00 Mn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 2.93 Bn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 1.29 Bn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 1.26 Bn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 3.99 Bn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 820.65 Mn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 572.94 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 1.30 Bn |
| 10 | Surgery Partners | 1.87 Bn | 2.07 Bn | 590.70 Mn | 650.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 650.70 Mn |
| Dec 31, 2025 | 399.30 Mn |
| Sep 30, 2025 | 715.80 Mn |
| Jun 30, 2025 | 630.60 Mn |
| Mar 31, 2025 | 714.10 Mn |
| Dec 31, 2024 | 737.30 Mn |
| Sep 30, 2024 | 592.90 Mn |
| Jun 30, 2024 | 677.30 Mn |
| Mar 31, 2024 | 562.10 Mn |
| Dec 31, 2023 | 314.50 Mn |
| Sep 30, 2023 | 508.30 Mn |
| Jun 30, 2023 | 570.00 Mn |
| Mar 31, 2023 | 532.20 Mn |
| Dec 31, 2022 | 522.80 Mn |
| Sep 30, 2022 | 489.40 Mn |
| Jun 30, 2022 | 480.80 Mn |
| Mar 31, 2022 | 471.40 Mn |
| Dec 31, 2021 | 463.10 Mn |
| Sep 30, 2021 | 436.70 Mn |
| Jun 30, 2021 | 483.80 Mn |