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Gross Margin % is calculated as gross profit divided by its revenue. Surgery Partners's Gross Profit for the three months ended in Jun. 2024 was $179 Mil. Surgery Partners's Revenue for the three months ended in Jun. 2024 was $762 Mil. Therefore, Surgery Partners's Gross Margin % for the quarter that ended in Jun. 2024 was 23.51%.
The historical rank and industry rank for Surgery Partners's Gross Margin % or its related term are showing as below:
During the past 12 years, the highest Gross Margin % of Surgery Partners was 36.97%. The lowest was 20.42%. And the median was 23.15%.
Surgery Partners had a gross margin of 23.51% for the quarter that ended in Jun. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Surgery Partners was 0.30% per year.
The historical data trend for Surgery Partners's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Surgery Partners Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 23.14 | 20.42 | 22.08 | 22.64 | 23.60 |
Surgery Partners Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Gross Margin % | Get a 7-Day Free Trial | 23.08 | 24.60 | 26.33 | 21.65 | 23.51 |
For the Medical Care Facilities subindustry, Surgery Partners's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Healthcare Providers & Services industry and Healthcare sector, Surgery Partners's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Surgery Partners's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Surgery Partners's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 647.5 | / | 2743.3 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2743.3 - 2095.8) | / | 2743.3 | |
= | 23.60 % |
Surgery Partners's Gross Margin for the quarter that ended in Jun. 2024 is calculated as
Gross Margin % (Q: Jun. 2024 ) | = | Gross Profit (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | 179.2 | / | 762.1 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (762.1 - 582.9) | / | 762.1 | |
= | 23.51 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Surgery Partners (NAS:SGRY) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Surgery Partners had a gross margin of 23.51% for the quarter that ended in Jun. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Surgery Partners's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Harrison R. Bane | officer: American Group President | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Danielle Burkhalter | officer: Chief Human Resources Officer | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Bradley R. Owens | officer: National Group President | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
David T Doherty | officer: Chief Financial Officer | 310 SEVEN SPRINGS WAY, BRENTWOOD TN 37027 |
Jason Eric Evans | officer: EVP & Chief Operating Officer | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Anthony Taparo | officer: President, Atlantic Group | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Jennifer Baldock | officer: Sr. VP, Gen Couns. & Sec. | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Marissa Brittenham | officer: Chief Strategy Officer | 310 SEVEN SPRINGS WAY, BRENTWOOD TN 37027 |
Bain Capital Investors Llc | director, 10 percent owner | 200 CLARENDON STREET, BOSTON MA 02116 |
T. Devin O'reilly | director, 10 percent owner | C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02149 |
Blair E Hendrix | director, 10 percent owner | |
Andrew T. Kaplan | director | C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02116 |
Wayne S Deveydt | director, officer: Chief Executive Officer | 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204 |
Bain Capital Partners Xi, L.p. | director, 10 percent owner | 200 CLARENDON STREET, BOSTON MA 02116 |
Bain Capital Fund Xi, L.p. | director, 10 percent owner | JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116 |
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