Surgery Partners (SGRY) Operating Margin (2014 - 2026)
Surgery Partners' Operating Margin was 12.03% in Q2 2026, down 1.49 percentage points from 13.52% a year earlier but up 3.91 percentage points from the prior quarter.
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Analysis
Surgery Partners (SGRY) Operating Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Surgery Partners' Operating Margin was 11.40% through Jun 30, 2026, up 0.23 percentage points year-over-year; for FY2025, it came in at 11.77%, up 0.57 percentage points from FY2024.
- Operating Margin shows a five-year change of +1.93 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 11.20% in FY2024 (-0.76 pp), 11.96% in FY2023 (-1.64 pp), 13.59% in FY2022 (+0.01 pp) and 13.58% in FY2021 (+3.74 pp).
- Quarterly Operating Margin has moved between 6.96% (Q1 2023) and 18.81% (Q4 2021) over five years.
- Compared with a year earlier, Operating Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.29 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q3 2021 (a gain of 7.64 percentage points); the worst was Q1 2023 (a drop of 9.88 percentage points).
- Per Business Quant data, SGRY's Operating Margin in the three quarters before Q2 2026 was 8.11% (Q1 2026), 12.45% (Q4 2025) and 12.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -10.07% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 12.10% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -38.55% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 26.67% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -19.85% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 16.29% |
| 10 | Surgery Partners | 1.92 Bn | 2.51 Bn | - | 12.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.03% |
| Mar 31, 2026 | 8.11% |
| Dec 31, 2025 | 12.45% |
| Sep 30, 2025 | 12.87% |
| Jun 30, 2025 | 13.52% |
| Mar 31, 2025 | 7.98% |
| Dec 31, 2024 | 14.70% |
| Sep 30, 2024 | 7.90% |
| Jun 30, 2024 | 11.13% |
| Mar 31, 2024 | 10.59% |
| Dec 31, 2023 | 13.79% |
| Sep 30, 2023 | 12.25% |
| Jun 30, 2023 | 14.62% |
| Mar 31, 2023 | 6.96% |
| Dec 31, 2022 | 13.32% |
| Sep 30, 2022 | 11.94% |
| Jun 30, 2022 | 12.43% |
| Mar 31, 2022 | 16.84% |
| Dec 31, 2021 | 18.81% |
| Sep 30, 2021 | 11.37% |
API Access
Surgery Partners Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SGRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SGRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SGRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();