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SGRY Financials Surgery Partners, Inc.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 12.2% per year over the past 5 years.
  • Operating margin has expanded, at 11.8% in the latest year.
  • Free cash flow has declined 0.8% per year over the past 5 years.

Financial health

  • Total debt ($3.7B) exceeds cash ($240M); net debt is $3.5B.
  • Total debt has grown slower than revenue (5.4% vs 12.2% per year).
  • Total debt is 6.6× EBITDA.
Revenue & net income
-$206M $2B $3B $0 2013 2015 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-12% 8% 28% 0% 2013 2015 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $105M $210M 2013 2015 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $2B $4B 2013 2015 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$489M -$86M $316M $0 2013 2015 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $3.3B -$78M 0.0% 11.8% $196M $3.7B $240M
2024 $3.1B -$168M 0.0% 11.2% $210M $3.4B $270M
2023 $2.7B -$12M 0.0% 12.0% $205M $2.8B $196M
2022 $2.5B -$55M 0.0% 13.6% $78M $2.6B $283M
2021 $2.2B -$71M 0.0% 13.6% $30M $3.0B $390M
2020 $1.9B -$116M 0.0% 9.8% $204M $2.9B $318M
2019 $1.8B -$75M 23.1% 12.9% $56M $2.6B $93M
2018 $1.8B -$206M 23.1% 4.4% $105M $2.3B $184M
2016 $1.1B $9M 28.3% 17.2% $86M $1.5B $70M
2015 $1M $51M $1.3B $58M
2014 -$66M $14M $75M
2013 -$9M $45M $13M

Valuation over time

How the market has priced SGRY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 1.2 2.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is SGRY growing its revenue and profit?

Over the past 5 years, Surgery Partners, Inc.'s revenue has grown 12.2% per year. These are computed facts, not advice.

How much debt does SGRY have?

As of FY2025, Surgery Partners, Inc. reported $3.7B of total debt against $240M of cash.

What is SGRY's profit margin?

In FY2025, gross margin was —, operating margin 11.8%, and net margin -2.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.