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SGRY
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SGRYSurgery Partners, Inc.
$23.20$3.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
SGRY logo

Surgery Partners, Inc.

SGRY
NASDAQ · Healthcare Providers
$23.20
At close - Nov 6, 4:00 PM EST - USD
Market Cap$3.03B
P/E-33.7x
52W High$23.37
Volume2.82M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Leveraged Roll-Up Faces Margin Compression and Losses

Surgery Partners' acquisition-driven growth is maturing, with revenue growth decelerating to 2.7% in 2026Q2 from 17.5% in 2024Q4, while gross margin contracted from 27.0% to 22.4% over the same period, indicating rising cost pressures.

GrowthStable
ProfitabilityStrained
ValuationReview
TechnicalsStrong
Explore valuation models
MARKET ACTION

SGRY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-235% Peers

P/E is 235% below peer median

03

Market leadership

RS 96 · Leader

High momentum (Outperforming 96% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SGRY+52.03%
S&P 500 (^GSPC)+7.63%
1-Year Return
SGRY+7.36%
S&P 500 (^GSPC)+9.69%
3-Year Return
SGRY-6.49%
S&P 500 (^GSPC)+68.94%
5-Year Return
SGRY-51.85%
S&P 500 (^GSPC)+56.96%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-33.7x
Forward P/E
65.4x
EV/EBITDA40th %ile
11.8x
FCF YieldCash Flow
6.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-33.7x
N/A
N/A
EV/EBITDA
11.8x
12.2x
40th· Fair
Price/FCF
16.2x
19.6x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$14.09-39.3%
Base (Fair)$39.25+69.2%
Bull$77.59+234.4%
$14.09 Bear$39.25 Base$77.59 Bull
Current Market Price: $23.20
Trades at a 40.9% discount to Base DCF ($39.25)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$3.31B+6.2% YoY
Net income FY25
-$78M+53.7% YoY
Free cash flow FY25
$196M-6.7% YoY
Operating margin FY25
11.8%+0.6 pts YoY
ROIC (FY25)4.1%
Avg ROIC 5Y4.3%
ROE (TTM)-2.6%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
$0.10+72.6%
vs $0.06
$849M+2.3%
vs $830M
Q2 2026
May 5, 2026
-$0.03+80.0%
vs -$0.15
$811M+1.7%
vs $798M
Q2 2026
Mar 2, 2026
$0.12-61.3%
vs $0.31
$885M+2.1%
vs $867M
Q4 2025
Nov 10, 2025
$0.13-31.6%
vs $0.19
$822M-5.2%
vs $867M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·3d ago
SGRY Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Surgery Partners to HealthSpan Partners

MONSEY, N.Y., Nov. 04, 2026 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Surgery Partners, Inc. (NASDAQ: SGRY) (“SGRY”) to HealthSpan Partners for $23.50 per share in cash.

PRNewsWire·4d ago
Halper Sadeh LLC is Investigating Whether LITE, RRC, SGRY are Obtaining Fair Deals for their Shareholders

/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws

Business Wire·Oct 27, 2026
SGRY Stock Notification: Surgery Partners, Inc. is being Investigated after the $23.50 per share Merger Deal Announced – Investors are Alerted to Contact BFA Law

NEW YORK--(BUSINESS WIRE)---- $SGRY #BFA--Surgery Partners, Inc. is being Investigated after the $23.50 per share Merger Deal Announced – Investors are Alerted to Contact BFA Law.

GuruFocus·Oct 15, 2026
Larry Robbins Opens New Position in Surgery Partners Inc (SGRY) -- Shares Look 39% Undervalued on GF Value

On October 6, 2026, Larry Robbins (Trades, Portfolio) of Glenview Capital Management initiated a new position in Surgery Partners Inc (SGRY), acquiring 7,023,33

Filtered for Surgery Partners, Inc.More Headlines
04

Compare before deciding

Benchmark SGRY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Surgery Partners, Inc. (SGRY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SGRY logoSGRYSurgery Partners, Inc.Current
$23.20$3.03B-33.736.24%-2.63%-2.59%—
USPH logoUSPHU.S. Physical Therapy, Inc.
$99.49$1.51B-666.3816.33%-0.27%-0.29%1.81%
AMSF logoAMSFAMERISAFE, Inc.
$19.59$366.41M9.052.63%12.1%16.38%13%
NHC logoNHCNational HealthCare Corporation
$208.85$3.26B29.0816.94%7.24%10.35%1.18%
ADUS logoADUSAddus HomeCare Corporation
$124.31$2.32B20.7923.21%7.39%9.81%—
ALHC logoALHCAlignment Healthcare, Inc.
$7.34$1.52B52.9246.06%0.59%12.46%—

Compare SGRY vs Peers

Surgery Partners, Inc. (SGRY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs USPH

Most directly comparable listed peer for SGRY.

Scale Benchmark

vs UNH

Larger-name benchmark to compare SGRY against a more recognizable public peer.

Peer Set

Compare Top 5

vs USPH, AMSF, NHC, ADUS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SGRY SEC Filings & Documents

Surgery Partners, Inc. (SGRY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Jul 24, 2026·SEC

Material company update

Jun 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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SGRY Frequently Asked Questions

Surgery Partners, Inc. (SGRY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Surgery Partners, Inc.'s revenue?

Surgery Partners, Inc. (SGRY) reported $3.37B in revenue over the trailing twelve months. Revenue was $3.31B in fiscal year 2025. That is 1063% more than the $284.6M of fiscal year 2013.

How fast is Surgery Partners, Inc. growing?

Surgery Partners, Inc. (SGRY) grew revenue by 4.0% over the trailing twelve months, compared with the twelve months before.

Is SGRY profitable?

No. Surgery Partners, Inc. (SGRY) reported a net loss of $88.6M over the trailing twelve months.

Dividend & Returns
What is SGRY's return on equity?

Surgery Partners, Inc. (SGRY) had a return on equity (ROE) of -2.6% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Surgery Partners, Inc.'s free cash flow?

Surgery Partners, Inc. (SGRY) generated $187.6M in free cash flow over the trailing twelve months.

What if you invested $1,000 in SGRY back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →