Surgery Partners (SGRY) Operating Margin (2014 - 2026)
Surgery Partners (SGRY) posted Operating Margin of 8.11% for Q1 2026, down 34.83% sequentially from 12.45% in Q4 2025, and up 14.0% YoY from 7.12% in Q1 2025.
Surgery Partners (SGRY) Operating Margin (2014 - 2026) Analysis & Trends
Surgery Partners has reported Operating Margin for 13 years, with the latest figure at 8.11% in Q1 2026.
- Quarterly Operating Margin rose 14.0% year-over-year to 8.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.77% (up 122.0% YoY) and the FY2025 annual result came in at 11.77%, up 57.0% from the prior year.
- Operating Margin retreated to 8.11% in Q1 2026 per SGRY's latest filing, from 12.45% in the prior quarter.
- Over five years, Operating Margin peaked at 16.84% in Q1 2022 and troughed at 6.96% in Q1 2023.
- A 5-year average of 11.85% and a median of 12.43% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2025: Operating Margin sank 988 bps in 2023, then soared 496 bps in 2025.
- Over 5 years, Operating Margin stood at 13.32% in 2022, then increased by 4 bps to 13.79% in 2023, then grew by 7 bps to 14.7% in 2024, then decreased by 15 bps to 12.45% in 2025, then plunged by 35 bps to 8.11% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 8.11%, 12.45%, and 12.87% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | -12.60% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 26.67% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 2.10% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 16.29% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 8.50% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 11.14% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 7.66% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 13.25% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 18.99% |
| 10 | Surgery Partners | 1.97 Bn | 3.18 Bn | 622.10 Mn | 12.03% |
Historic Data
Download 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% |