Surgery Partners, Inc. (SGRY)

Surgery Partners Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,288	3,114	2,743	2,539	2,225	1,860
Revenue Growth (YoY)	10.14%	13.52%	8.03%	14.12%	19.62%	1.57%
Cost of Revenue	2,502	2,369	2,096	1,964	1,734	1,480
Gross Profit	786.4	745.6	647.5	574.9	491.4	379.8
Selling, General & Admin	130.5	138.7	120.9	102.2	104	97.1
Other Operating Expenses	-13.1	-20	-7.5	-19	-15.5	-1.7
Operating Expenses	267.4	271.3	231.5	198	187.3	190.2
Operating Income	519	474.3	416	376.9	304.1	189.6
Interest Expense	-294.1	-201.7	-193	-234.9	-221	-201.8
Earnings From Equity Investments	23.5	19.5	14.2	12.5	11.3	10.8
Other Non Operating Income (Expenses)	36.2	-	-	-	-	-
EBT Excluding Unusual Items	284.6	292.1	237.2	154.5	94.4	-1.4
Merger & Restructuring Charges	-89.4	-100.1	-61.7	-47.5	-39.8	-23.2
Impairment of Goodwill	-	-	-	-	-	-33.5
Gain (Loss) on Sale of Assets	-38.1	-40.6	-14.4	-11.1	-2.2	-5.7
Legal Settlements	-7.3	0.8	-10.6	29.3	-	-1.2
Other Unusual Items	-1.3	-5.1	-15.5	-14.9	28.8	46.2
Pretax Income	148.5	147.1	135	110.3	81.2	-18.8
Income Tax Expense	125.2	134.6	-0.3	23.3	10.5	-20.1
Earnings From Continuing Operations	23.3	12.5	135.3	87	70.7	1.3
Minority Interest in Earnings	-194.7	-180.6	-147.2	-141.6	-141.6	-117.4
Net Income	-171.4	-168.1	-11.9	-54.6	-70.9	-116.1
Preferred Dividends & Other Adjustments	-	-	-	-	10.3	39.5
Net Income to Common	-171.4	-168.1	-11.9	-54.6	-81.2	-155.6
Shares Outstanding (Basic)	127	126	126	92	72	49
Shares Outstanding (Diluted)	127	126	126	92	72	49
Shares Change (YoY)	0.58%	0.40%	36.61%	26.96%	48.49%	1.03%
EPS (Basic)	-1.35	-1.33	-0.09	-0.59	-1.12	-3.19
EPS (Diluted)	-1.36	-1.33	-0.09	-0.59	-1.12	-3.19
Free Cash Flow	194.1	209.7	205	78.2	29.5	204
Free Cash Flow Per Share	1.53	1.66	1.63	0.85	0.41	4.18
Gross Margin	23.92%	23.94%	23.60%	22.64%	22.08%	20.42%
Operating Margin	15.78%	15.23%	15.16%	14.84%	13.67%	10.19%
Profit Margin	-5.21%	-5.40%	-0.43%	-2.15%	-3.65%	-8.37%
Free Cash Flow Margin	5.90%	6.73%	7.47%	3.08%	1.33%	10.97%
EBITDA	669	626.9	534.1	491.7	402.9	284.4
EBITDA Margin	20.35%	20.13%	19.47%	19.36%	18.11%	15.29%
D&A For EBITDA	150	152.6	118.1	114.8	98.8	94.8
EBIT	519	474.3	416	376.9	304.1	189.6
EBIT Margin	15.78%	15.23%	15.16%	14.84%	13.67%	10.19%
Effective Tax Rate	84.31%	91.50%	-	21.12%	12.93%	-

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q