Surgery Partners (SGRY) Operating Expenses (2014 - 2026)
Surgery Partners (SGRY) posted Operating Expenses of $745.1 million for Q1 2026, up 86.6% sequentially from $399.3 million in Q4 2025, and up 21.33% YoY from $614.1 million in Q1 2025.
Surgery Partners (SGRY) Operating Expenses (2014 - 2026) Analysis & Trends
Surgery Partners has reported Operating Expenses for 13 years, with the latest figure at $745.1 million in Q1 2026.
- Quarterly Operating Expenses rose 21.33% year-over-year to $745.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.4 billion (up 12.71% YoY) and the FY2025 annual result came in at $2.5 billion, up 7.39% from the prior year.
- Operating Expenses climbed to $745.1 million in Q1 2026 per SGRY's latest filing, from $399.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $745.1 million in Q1 2026 and troughed at $340.5 million in Q4 2024.
- A 5-year average of $556.5 million and a median of $570.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 100.16% in 2022, then plunged 37.15% in 2024.
- Over 5 years, Operating Expenses stood at $612.9 million in 2022, then fell by 11.6% to $541.8 million in 2023, then slumped by 37.15% to $340.5 million in 2024, then climbed by 17.27% to $399.3 million in 2025, then surged by 86.6% to $745.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $745.1 million, $399.3 million, and $626.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 17.74 Bn |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 3.00 Mn |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 1.31 Bn |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 2.98 Bn |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 1.32 Bn |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 4.12 Bn |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 1.32 Bn |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 584.05 Mn |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 490.51 Mn |
| 10 | Surgery Partners | 1.97 Bn | 3.18 Bn | 622.10 Mn | 746.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 746.80 Mn |
| Mar 31, 2026 | 745.10 Mn |
| Dec 31, 2025 | 399.30 Mn |
| Sep 30, 2025 | 626.20 Mn |
| Jun 30, 2025 | 630.60 Mn |
| Mar 31, 2025 | 614.10 Mn |
| Dec 31, 2024 | 340.50 Mn |
| Sep 30, 2024 | 592.90 Mn |
| Jun 30, 2024 | 582.90 Mn |
| Mar 31, 2024 | 641.40 Mn |
| Dec 31, 2023 | 541.80 Mn |
| Sep 30, 2023 | 508.30 Mn |
| Jun 30, 2023 | 570.00 Mn |
| Mar 31, 2023 | 532.20 Mn |
| Dec 31, 2022 | 612.90 Mn |
| Sep 30, 2022 | 546.50 Mn |
| Jun 30, 2022 | 480.80 Mn |
| Mar 31, 2022 | 495.80 Mn |
| Dec 31, 2021 | 306.20 Mn |
| Sep 30, 2021 | 436.70 Mn |