Growth Metrics

Surgery Partners (SGRY) Operating Expenses (2014 - 2026)

Surgery Partners recorded quarterly Operating Expenses of $650.7 million in Q1 2026, up 62.96% quarter-over-quarter from $399.3 million in Q4 2025, and down 8.88% year-over-year from $714.1 million in Q1 2025.

Surgery Partners' Operating Expenses history runs 13 years deep, the most recent figure standing at $650.7 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 8.88% year-over-year to $650.7 million; the TTM figure through Mar 2026 stood at $2.4 billion (down 11.95% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $562.9 million and a median of $562.1 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses jumped 134.44% in 2024 and slumped 45.84% in 2025, its largest moves.
  • Surgery Partners' Operating Expenses stood at $522.8 million in 2022, then sank by 39.84% to $314.5 million in 2023, then surged by 134.44% to $737.3 million in 2024, then plunged by 45.84% to $399.3 million in 2025, then surged by 62.96% to $650.7 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $650.7 million, $399.3 million, and $715.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 27.00 Mn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 1.29 Bn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 820.65 Mn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 1.30 Bn
10 Surgery Partners 1.71 Bn 1.92 Bn 590.70 Mn 650.70 Mn

Historic Data

Download Data 🔒
DateValue
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
Mar 31, 2021 408.90 Mn
Dec 31, 2020 255.20 Mn
Sep 30, 2020 381.90 Mn
Jun 30, 2020 319.30 Mn
Mar 31, 2020 366.20 Mn
Dec 31, 2019 445.40 Mn
Sep 30, 2019 393.00 Mn
Jun 30, 2019 389.90 Mn
Mar 31, 2019 326.10 Mn
Dec 31, 2018 678.80 Mn
Sep 30, 2018 387.40 Mn
Jun 30, 2018 393.10 Mn
Mar 31, 2018 370.10 Mn
Aug 31, 2017 187.58 Mn
Jun 30, 2017 250.61 Mn
Mar 31, 2017 244.46 Mn
Dec 31, 2016 237.59 Mn
Sep 30, 2016 239.83 Mn
Jun 30, 2016 238.73 Mn
Mar 31, 2016 232.79 Mn
Dec 31, 2015 242.19 Mn
Sep 30, 2015 195.33 Mn
Jun 30, 2015 191.83 Mn
Mar 31, 2015 185.79 Mn
Dec 31, 2014 183.36 Mn
Sep 30, 2014 56.65 Mn