Surgery Partners, Inc. (SGRY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 810.9M | 885M | 821.5M | 826.2M | 776M | 864.4M | 770.4M | 762.1M | 717.4M | 735.4M | 674.1M | 667.6M | 666.2M | 707.1M | 620.6M | 615.4M | 596.2M | 610.2M | 559.2M | 543.3M |
| Revenue Growth % | 4.5% | 2.38% | 6.63% | 8.41% | 8.17% | 17.54% | 14.29% | 14.16% | 7.69% | 4% | 8.62% | 8.48% | 11.74% | 15.88% | 10.98% | 13.27% | 16.35% | 11.29% | 12.72% | 45% |
| Cost of Goods Sold | 650.7M | 672.8M | 626.2M | 630.6M | 614.1M | 630.8M | 592.9M | 582.9M | 562.1M | 541.8M | 508.3M | 513.5M | 532.2M | 522.8M | 489.4M | 480.8M | 471.4M | 463.1M | 436.7M | 425M |
| COGS % of Revenue | 80.24% | 76.02% | 76.23% | 76.33% | 79.14% | 72.98% | 76.96% | 76.49% | 78.35% | 73.67% | 75.4% | 76.92% | 79.89% | 73.94% | 78.86% | 78.13% | 79.07% | 75.89% | 78.09% | 78.23% |
| Gross Profit | 160.2M | 212.2M | 195.3M | 195.6M | 161.9M | 233.6M | 177.5M | 179.2M | 155.3M | 193.6M | 165.8M | 154.1M | 134M | 184.3M | 131.2M | 134.6M | 124.8M | 147.1M | 122.5M | 118.3M |
| Gross Margin % | 19.76% | 23.98% | 23.77% | 23.67% | 20.86% | 27.02% | 23.04% | 23.51% | 21.65% | 26.33% | 24.6% | 23.08% | 20.11% | 26.06% | 21.14% | 21.87% | 20.93% | 24.11% | 21.91% | 21.77% |
| Gross Profit Growth % | -1.05% | -9.16% | 10.03% | 9.15% | 4.25% | 20.66% | 7.06% | 16.29% | 15.9% | 5.05% | 26.37% | 14.49% | 7.37% | 25.29% | 7.1% | 13.78% | 20.58% | 8.64% | 7.27% | 113.54% |
| Operating Expenses | 140.6M | 102M | 89.6M | 83.9M | 100M | 106.5M | 116.6M | 94.4M | 79.3M | 92.2M | 83.2M | 56.5M | 87.6M | 90.1M | 57.1M | 58.1M | 24.4M | 32.3M | 58.9M | 58.8M |
| OpEx % of Revenue | 17.34% | 11.53% | 10.91% | 10.15% | 12.89% | 12.32% | 15.14% | 12.39% | 11.05% | 12.54% | 12.34% | 8.46% | 13.15% | 12.74% | 9.2% | 9.44% | 4.09% | 5.29% | 10.53% | 10.82% |
| Selling, General & Admin | 140.6M | 126.8M | 323.8M | 36.1M | 36M | 36M | 29.2M | 40.3M | 33.2M | 20.9M | 36.8M | 31.2M | 32M | 28.7M | 17.9M | 26.1M | 29.5M | 27.2M | 25.5M | 24.5M |
| SG&A % of Revenue | 17.34% | 14.33% | 39.42% | 4.37% | 4.64% | 4.16% | 3.79% | 5.29% | 4.63% | 2.84% | 5.46% | 4.67% | 4.8% | 4.06% | 2.88% | 4.24% | 4.95% | 4.46% | 4.56% | 4.51% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Operating Income | 65.8M | 110.2M | 105.7M | 111.7M | 61.9M | 127.1M | 60.9M | 84.8M | 76M | 101.4M | 82.6M | 97.6M | 46.4M | 94.2M | 74.1M | 76.5M | 100.4M | 114.8M | 63.6M | 59.5M |
| Operating Margin % | 8.11% | 12.45% | 12.87% | 13.52% | 7.98% | 14.7% | 7.9% | 11.13% | 10.59% | 13.79% | 12.25% | 14.62% | 6.96% | 13.32% | 11.94% | 12.43% | 16.84% | 18.81% | 11.37% | 10.95% |
| Operating Income Growth % | 6.3% | -13.3% | 73.56% | 31.72% | -18.55% | 25.35% | -26.27% | -13.11% | 63.79% | 7.64% | 11.47% | 27.58% | -53.78% | -17.94% | 16.51% | 28.57% | 56.14% | 19.21% | 243.78% | 33.11% |
| EBITDA | 104.3M | 170.1M | 145.2M | 152M | 98.2M | 161M | 111.1M | 119.6M | 109.7M | 132.5M | 111.5M | 122M | 80.1M | 123.8M | 103.9M | 104.5M | 127.8M | 137.5M | 88.8M | 84.7M |
| EBITDA Margin % | 12.86% | 19.22% | 17.68% | 18.4% | 12.65% | 18.63% | 14.42% | 15.69% | 15.29% | 18.02% | 16.54% | 18.27% | 12.02% | 17.51% | 16.74% | 16.98% | 21.44% | 22.53% | 15.88% | 15.59% |
| EBITDA Growth % | 6.21% | 5.65% | 30.69% | 27.09% | -10.48% | 21.51% | -0.36% | -1.97% | 36.95% | 7.03% | 7.31% | 16.75% | -37.32% | -9.96% | 17% | 23.38% | 42% | 12.89% | 108.45% | 24.38% |
| D&A (Non-Cash Add-back) | 38.5M | 59.9M | 39.5M | 40.3M | 36.3M | 33.9M | 50.2M | 34.8M | 33.7M | 31.1M | 28.9M | 24.4M | 33.7M | 29.6M | 29.8M | 28M | 27.4M | 22.7M | 25.2M | 25.2M |
| EBIT | 0 | 235.2M | 365.9M | 111.7M | 61.9M | 127.1M | 60.9M | 84.8M | 76M | 101.4M | 82.6M | 97.6M | 46.4M | 94.2M | 74.1M | 76.5M | 100.4M | 114.8M | 63.6M | 59.5M |
| Net Interest Income | 0 | -192.6M | -335.1M | -67.9M | -62.2M | -52.9M | -50M | -51.5M | -47.3M | -48.7M | -49.8M | -47.7M | -46.8M | -61M | -60.7M | -56.9M | -56.3M | -60.1M | -54.2M | -53.4M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -69.1M | 192.6M | 335.1M | 67.9M | 62.2M | 52.9M | 50M | 51.5M | 47.3M | 48.7M | 49.8M | 47.7M | 46.8M | 61M | 60.7M | 56.9M | 56.3M | 60.1M | 54.2M | 53.4M |
| Other Income/Expense | 0 | -67.6M | -74.9M | -67.9M | -62.2M | -52.9M | -50M | -51.5M | -47.3M | -48.7M | -49.8M | -47.7M | -46.8M | -61M | -60.7M | -56.9M | -56.3M | -60.1M | -54.2M | -53.4M |
| Pretax Income | -3.3M | 42.6M | 30.8M | 43.8M | -300K | 74.2M | 10.9M | 33.3M | 28.7M | 52.7M | 32.8M | 49.9M | -400K | 33.2M | 13.4M | 19.6M | 44.1M | 54.7M | 9.4M | 6.1M |
| Pretax Margin % | -0.41% | 4.81% | 3.75% | 5.3% | -0.04% | 8.58% | 1.41% | 4.37% | 4% | 7.17% | 4.87% | 7.47% | -0.06% | 4.7% | 2.16% | 3.18% | 7.4% | 8.96% | 1.68% | 1.12% |
| Income Tax | 1.2M | 13.6M | 5.5M | -1.1M | 0 | 120.8M | 4.5M | 4.9M | 4.4M | 6M | 3.1M | -7.8M | -1.6M | 9.9M | 7.8M | 4.3M | 1.3M | 11.8M | 1.2M | -2.7M |
| Effective Tax Rate % | -36.36% | 31.92% | 17.86% | -2.51% | 0% | 162.8% | 41.28% | 14.71% | 15.33% | 11.39% | 9.45% | -15.63% | 400% | 29.82% | 58.21% | 21.94% | 2.95% | 21.57% | 12.77% | -44.26% |
| Net Income | -35.9M | -15M | -22.7M | -2.5M | -37.7M | -108.5M | -31.7M | -15.5M | -12.4M | -1M | -4.9M | 18.9M | -24.9M | -23.4M | -25M | -18.4M | 12.2M | -100K | -22.9M | -26.9M |
| Net Margin % | -4.43% | -1.69% | -2.76% | -0.3% | -4.86% | -12.55% | -4.11% | -2.03% | -1.73% | -0.14% | -0.73% | 2.83% | -3.74% | -3.31% | -4.03% | -2.99% | 2.05% | -0.02% | -4.1% | -4.95% |
| Net Income Growth % | 4.77% | 86.18% | 28.39% | 83.87% | -204.03% | -10750% | -546.94% | -182.01% | 50.2% | 95.73% | 80.4% | 202.72% | -304.1% | -23300% | -9.17% | 31.6% | 158.1% | -101.82% | 62.82% | 17.23% |
| Net Income (Continuing) | -35.9M | 29M | 25.3M | 44.9M | -300K | -46.6M | 6.4M | 28.4M | 24.3M | 46.7M | 29.7M | 57.7M | 1.2M | 23.3M | 5.6M | 15.3M | 42.8M | 42.9M | 8.2M | 8.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.79B | 1.81B | 1.82B | 1.83B | 1.85B | 1.85B | 1.65B | 1.67B | 1.39B | 1.37B | 1.31B | 1.29B | 1.33B | 1.28B | 1.27B | 1.23B | 1.19B | 1.21B | 1.11B | 1.07B |
| EPS (Diluted) | -0.28 | -0.11 | -0.18 | -0.02 | -0.30 | -0.86 | -0.25 | -0.12 | -0.10 | -0.01 | 0.29 | 0.15 | 0.01 | 0.23 | -0.28 | 0.17 | 0.47 | -0.00 | -0.28 | -0.39 |
| EPS Growth % | 6.67% | 87.21% | 28% | 83.58% | -204.88% | - | -186.21% | -180% | - | -103.48% | 203.57% | -11.76% | -97.96% | - | 0% | 143.59% | 223.68% | 98.8% | 77.78% | 41.79% |
| EPS (Basic) | -0.28 | -0.11 | -0.18 | -0.02 | -0.30 | -0.86 | -0.25 | -0.12 | -0.10 | -0.01 | 0.29 | 0.15 | 0.01 | 0.23 | -0.28 | 0.17 | 0.49 | -0.00 | -0.28 | -0.39 |
| Diluted Shares Outstanding | 128.37M | 127.21M | 126.93M | 126.98M | 126.6M | 126.21M | 126.17M | 126.13M | 125.97M | 125.77M | 125.75M | 127.37M | 125.21M | 101.89M | 88.91M | 88.9M | 90.27M | 84.52M | 80.73M | 69.27M |
| Basic Shares Outstanding | 128.37M | 127.21M | 126.93M | 126.98M | 126.6M | 126.21M | 126.17M | 126.13M | 125.97M | 125.77M | 125.75M | 125.72M | 125.21M | 101.89M | 88.91M | 87.62M | 88M | 84.52M | 80.73M | 68.97M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |