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SGRYSurgery Partners, Inc.
$14.56$1.9B
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 Facilities
$14.56
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.9B
P/E-23.9x
52W High$23.44
Volume3.72M
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. The company continues to...

GrowthStable
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
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

-206% Peers

P/E is 206% below peer median

03

Market leadership

RS 33 · Lag

Laggard (Underperforming 67% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SGRY-4.59%
S&P 500 (^GSPC)+12.39%
1-Year Return
SGRY-33.12%
S&P 500 (^GSPC)+15.77%
3-Year Return
SGRY-52.26%
S&P 500 (^GSPC)+66.55%
5-Year Return
SGRY-68.48%
S&P 500 (^GSPC)+62.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-23.9x
Forward P/E
31.8x
EV/EBITDA0th %ile
10.1x
FCF YieldCash Flow
10.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-23.9x
N/A
N/A
EV/EBITDA
10.1x
12.2x
0th· Low
Price/FCF
9.7x
19.6x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$13.23-9.1%
Base (Fair)$37.46+182.7%
Bull$77.40+431.6%
$13.23 Bear$37.46 Base$77.40 Bull
Current Market Price: $14.56
Trades at a 61.1% discount to Base DCF ($37.46)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.31B+6.2% YoY
Net income
-$78M+53.7% YoY
Free cash flow
$196M-6.7% YoY
Operating margin
11.8%+0.6 pts YoY
ROIC (TTM)4.1%
Avg ROIC 5Y-
ROE (TTM)-2.2%
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

5 Stories
The Motley Fool·Sep 3, 2026
Surgery Partners Director Teresa DeLuca Buys 11,250 Shares

The purchase was valued at approximately $161,000. DeLuca's total position now consists of 68,093 shares.

Defense World·Aug 30, 2026
6,241,503 Shares in Surgery Partners, Inc. $SGRY Purchased by BlackRock Inc.

BlackRock Inc. acquired a new position in shares of Surgery Partners, Inc. (NASDAQ: SGRY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,241,503 shares of the company's stock, valued at approximately $104,857,000. BlackRock Inc. owned 4.77% of Surgery Partners at the

Zacks Investment Research·Aug 11, 2026
Likely ETF & Stock Winners From July Jobs Report

Weak July jobs data raises hopes for Fed easing, putting health care and select retail ETFs and stocks in focus.

Defense World·Aug 11, 2026
Surgery Partners (NASDAQ:SGRY) Shares Gap Up Following Strong Earnings

Surgery Partners, Inc. (NASDAQ: SGRY - Get Free Report) shares gapped up prior to trading on Monday following a better than expected earnings announcement. The stock had previously closed at $15.53, but opened at $16.46. Surgery Partners shares last traded at $15.9050, with a volume of 173,693 shares. The company reported $0.10 earnings per share (EPS)

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
$14.56$1.9B-23.876.24%-2.35%-2.18%—
USPH logoUSPHU.S. Physical Therapy, Inc.
$82.65$1.26B58.2016.33%0.32%0.29%—
SEM logoSEMSelect Medical Holdings Corporation
$16.51$2.05B13.995.12%2.42%6.55%—
AMSF logoAMSFAMERISAFE, Inc.
$24.37$455.81M9.872.63%14%18.37%—
NHC logoNHCNational HealthCare Corporation
$225.01$3.51B29.3416.94%9%12.88%—
ADUS logoADUSAddus HomeCare Corporation
$114.93$2.15B22.0623.21%7.13%9.57%—

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, SEM, AMSF, NHC

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 for fiscal year 2025. This represents a 1083% increase from $284.6M in 2013.

How fast is Surgery Partners, Inc. growing?

Surgery Partners, Inc. (SGRY) grew revenue by 6.2% over the past year. This is steady growth.

Is SGRY profitable?

Surgery Partners, Inc. (SGRY) reported a net loss of $88.6M for fiscal year 2025.

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

Surgery Partners, Inc. (SGRY) has a return on equity (ROE) of -2.2%. Negative ROE indicates the company is unprofitable.

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

Surgery Partners, Inc. (SGRY) generated $187.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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

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

See returns →