Surgery Partners annual operating margin
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2025
Surgery Partners Operating Margin Growth & History (SGRY)
Surgery Partners's operating margin was 11.77% for fiscal 2025.
View full Surgery Partners company overviewSurgery Partners annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 11.77% | +0.57 pp |
| 2024 | 2024-12-31 | 11.20% | −0.76 pp |
| 2023 | 2023-12-31 | 11.96% | −1.64 pp |
| 2022 | 2022-12-31 | 13.59% | +0.01 pp |
| 2021 | 2021-12-31 | 13.58% | +3.74 pp |
| 2020 | 2020-12-31 | 9.84% | −3.04 pp |
| 2019 | 2019-12-31 | 12.88% | +8.49 pp |
| 2018 | 2018-12-31 | 4.39% | −12.76 pp |
| 2016 | 2016-12-31 | 17.15% | +2.07 pp |
| 2015 | 2015-12-31 | 15.08% | +2.48 pp |
| 2014 | 2014-12-31 | 12.60% | −7.86 pp |
| 2013 | 2013-12-31 | 20.46% | — |
Surgery Partners quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 12.03% | −1.49 pp |
| Q1 2026 | 2026-03-31 | 8.11% | +0.14 pp |
| Q4 2025 | 2025-12-31 | 12.45% | −2.25 pp |
| Q3 2025 | 2025-09-30 | 12.87% | +4.96 pp |
| Q2 2025 | 2025-06-30 | 13.52% | +2.39 pp |
| Q1 2025 | 2025-03-31 | 7.98% | −2.62 pp |
| Q4 2024 | 2024-12-31 | 14.70% | +0.92 pp |
| Q3 2024 | 2024-09-30 | 7.90% | −4.35 pp |
| Q2 2024 | 2024-06-30 | 11.13% | −3.49 pp |
| Q1 2024 | 2024-03-31 | 10.59% | +3.63 pp |
| Q4 2023 | 2023-12-31 | 13.79% | +0.47 pp |
| Q3 2023 | 2023-09-30 | 12.25% | +0.31 pp |
| Q2 2023 | 2023-06-30 | 14.62% | +2.19 pp |
| Q1 2023 | 2023-03-31 | 6.96% | −9.88 pp |
| Q4 2022 | 2022-12-31 | 13.32% | −5.49 pp |
| Q3 2022 | 2022-09-30 | 11.94% | +0.57 pp |
| Q2 2022 | 2022-06-30 | 12.43% | +1.48 pp |
| Q1 2022 | 2022-03-31 | 16.84% | +4.29 pp |
| Q4 2021 | 2021-12-31 | 18.81% | +1.25 pp |
| Q3 2021 | 2021-09-30 | 11.37% | +7.64 pp |
| Q2 2021 | 2021-06-30 | 10.95% | −0.98 pp |
| Q1 2021 | 2021-03-31 | 12.55% | +7.22 pp |
| Q4 2020 | 2020-12-31 | 17.56% | +3.68 pp |
| Q3 2020 | 2020-09-30 | 3.73% | −9.32 pp |
| Q2 2020 | 2020-06-30 | 11.93% | −0.53 pp |
| Q1 2020 | 2020-03-31 | 5.33% | −6.57 pp |
| Q4 2019 | 2019-12-31 | 13.88% | +24.45 pp |
| Q3 2019 | 2019-09-30 | 13.05% | +2.65 pp |
| Q2 2019 | 2019-06-30 | 12.46% | +2.50 pp |
| Q1 2019 | 2019-03-31 | 11.90% | +1.88 pp |
| Q4 2018 | 2018-12-31 | −10.57% | −23.65 pp |
| Q3 2018 | 2018-09-30 | 10.41% | −4.17 pp |
| Q2 2018 | 2018-06-30 | 9.96% | −12.39 pp |
| Q1 2018 | 2018-03-31 | 10.02% | −5.14 pp |
| Q2 2017 | 2017-06-30 | 13.09% | −4.50 pp |
| Q1 2017 | 2017-03-31 | 14.58% | +1.74 pp |
| Q4 2016 | 2016-12-31 | 22.35% | +14.33 pp |
| Q3 2016 | 2016-09-30 | 15.16% | −3.32 pp |
| Q2 2016 | 2016-06-30 | 17.59% | −0.02 pp |
| Q1 2016 | 2016-03-31 | 12.84% | −4.27 pp |
| Q4 2015 | 2015-12-31 | 8.02% | −17.73 pp |
| Q3 2015 | 2015-09-30 | 18.48% | — |
| Q2 2015 | 2015-06-30 | 17.61% | — |
| Q1 2015 | 2015-03-31 | 17.11% | — |
| Q3 2014 | 2014-09-30 | 25.76% | — |
Surgery Partners operating margin trends
Over the last five reported fiscal years, Surgery Partners's operating margin increased from 9.84% to 11.77%, a change of +1.93 percentage points. The latest reported quarter, Q2 2026, shows 12.03%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Surgery Partners filings at SEC.gov ↗