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 (SGRY) has 13 years of Operating Margin data on file, last reported 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.
  • The five-year high for Operating Margin was 16.84% in Q1 2022, with the low at 6.96% in Q1 2023.
  • Average Operating Margin over 5 years is 11.85%, with a median of 12.43% recorded in 2022.
  • Year-over-year, Operating Margin tumbled 988 bps in 2023 and surged 496 bps in 2025.
  • Surgery Partners' Operating Margin stood at 13.32% in 2022, then rose by 4 bps to 13.79% in 2023, then increased by 7 bps to 14.7% in 2024, then slipped by 15 bps to 12.45% in 2025, then sank by 35 bps to 8.11% in 2026.
  • Business Quant data shows SGRY's Operating Margin at 8.11% in Q1 2026, 12.45% in Q4 2025, and 12.87% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn -2.96%
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 12.86%
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 24.14%
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 14.11%
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 3.76%
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 8.99%
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 11.19%
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 8.45%
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn 17.01%
10 Surgery Partners 2.13 Bn 2.33 Bn 590.70 Mn 8.11%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 10.95%