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
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