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Surgery PartnersSGRY 66 Gross Margin % is 19.76% as of Mar. 2026, which is 15% below its 10-year median of 23.14. GuruFocus rates SGRY with a GF Score™ of 66/100 and a GF Value™ of $26.81 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 627 Healthcare Providers & Services companies, Surgery Partners ranks worse than 79.43% on this metric.
The historical rank and industry rank for Surgery Partners's Gross Margin % or its related term are showing as below:
SGRY'
s Gross Margin % Range Over the Past 10 Years
Min: 20.42 Med: 23.14 Max: 28.31
Current: 22.83
During the past 13 years, the highestGross Margin % of Surgery Partners was 28.31%. The lowest was 20.42%. And the median was 23.14%.
SGRY's Gross Margin % is ranked worse than 79.43% of 627
companies
in the Healthcare Providers & Services industry
Industry Median: 40.06
vs SGRY: 22.83
Surgery Partners had a gross margin of 19.76% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Surgery Partners was 2.60% per year.
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 19.76% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
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.
Surgery Partners Gross Margin % Related Terms
Surgery Partners Gross Margin % Historical Data
* Premium members only.
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.
SGRY vs AVAH, ASTH, ADUS: Gross Margin % Comparison
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.
Surgery Partners Gross Margin % vs Healthcare Providers & Services Industry
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.
* 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 (SGRY) has a Gross Margin % of 19.76% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Surgery Partners and its competitors. This is 15% below median its historical median of 23.14. Over the past decade, Surgery Partners' Gross Margin % has ranged from 20.42 to 28.31. According to the industry distribution chart, Surgery Partners ranks #498 out of 627 companies in the Healthcare Providers & Services industry, placing it in the top 79.4%.
Is Surgery Partners' Gross Margin % too high?
Surgery Partners' current Gross Margin % of 19.76% is 15% below median its 10-year median of 23.14. Over the past 10 years, this metric has ranged from a low of 20.42 to a high of 28.31. The Healthcare Providers & Services industry median Gross Margin % is 40.06. Surgery Partners' value of 19.76% is 50.7% below this industry median. Based on the distribution chart, Surgery Partners ranks #498 out of 627 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Surgery Partners has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Surgery Partners' Gross Margin % compare to AVAH and ASTH?
According to the Healthcare Providers & Services industry distribution chart, Surgery Partners ranks #498 out of 627 companies for Gross Margin %. This places Surgery Partners in the lower half of its industry. The industry median Gross Margin % is 40.06. Surgery Partners' value of 19.76% is 50.7% below this benchmark. Historically, Surgery Partners' own Gross Margin % has ranged from 20.42 to 28.31 over the past decade. While the company's 10-year median is 23.14 vs. the industry median of 40.06, Surgery Partners has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.06, based on 627 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Surgery Partners's current Gross Margin % of 19.76% is 50.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Surgery Partners and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surgery Partners's current Gross Margin % is 19.76%, which is 15% below median its own 10-year median of 23.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surgery Partners stock overvalued right now?
Based on GuruFocus' analysis, Surgery Partners (SGRY) is currently considered Possible Value Trap. The stock's GF Value™ is $26.81, compared to a current price of $14.92 — trading 44.3% below its estimated fair value. The current Gross Margin % is 19.76%, which is 15% below median its 10-year median of 23.14 and 50.7% below the Healthcare Providers & Services industry median of 40.06. Surgery Partners' overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Surgery Partners (SGRY), the current Gross Margin % is 19.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Surgery Partners (SGRY) Overvalued in 2026?
Based on GuruFocus' analysis, Surgery Partners stock appears to be undervalued.
The current stock price of $14.92 is trading 44.3% below its estimated GF Value™ of $26.81.
GuruFocus considers Surgery Partners to be Possible Value Trap.
Key valuation signals for SGRY:
Gross Margin %: 19.76% (15% below median its 10-year median of 23.14)
GF Value™: $26.81 vs. price of $14.92 (44.3% below fair value)
Industry Position: 50.7% below the Healthcare Providers & Services median (#498 of 627)
No single metric tells the full story. See the SGRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surgery Partners Inc is a healthcare services company with an integrated outpatient delivery model focused on providing quality, cost-effective solutions for surgical and related ancillary care in support of both patients and physicians. It has one reportable segment: Surgical Facilities, which includes the operation of ASCs, surgical hospitals, anesthesia services, and multi-specialty physician practices, which earn revenues from contracts with patients in which the performance obligations are to provide health care services.
66GF Score
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