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| 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 |
| 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 |