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: 23.15 Max: 36.97
Current: 23.6
During the past 12 years, the highestGross Margin % of Surgery Partners was 36.97%. The lowest was 20.42%. And the median was 23.15%.
SGRY's Gross Margin % is ranked worse than 76.03% of 609
companies
in the Healthcare Providers & Services industry
Industry Median: 41.4
vs SGRY: 23.60
Surgery Partners had a gross margin of 26.33% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Surgery Partners was 0.30% per year.
Surgery Partners Gross Margin % Historical Data
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.
Competitive Comparison of Surgery Partners's Gross Margin %
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's Gross Margin % Distribution in the 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 (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 26.33% for the quarter that ended in Dec. 2023 => 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.
Surgery Partners Gross Margin % Related Terms
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.
Surgery Partners (Surgery Partners) Business Description
Surgery Partners Inc is one of the few remaining independent ambulatory surgery center operators in the U.S. with national scale. The firm operates surgical facilities in approximately 30 states in partnership with physician groups and larger local healthcare systems. While surgical procedures drive a majority of the firm's revenue, the company also operates a clinical lab, urgent care facilities, and a handful of physician practices to provide additional healthcare services within the communities it serves. It operates in two segments: Surgical Facility Services and Ancillary Services out of which the Surgical Facility Services segment accounts for the majority of revenue.
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