Financial Snapshot

Revenue
$2.985B
TTM
Gross Margin
26.58%
TTM
Net Earnings
-$60.60M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
180.08%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$605.5M
Q3 2024
Book Value
$6.929B
Q3 2024
Cash
Q3 2024
P/E
-47.24
Nov 29, 2024 EST
Free Cash Flow
$163.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue $2.743B $2.539B $2.225B $1.860B $1.831B $1.772B $1.341B $1.145B $959.9M $403.3M $284.6M $260.2M
YoY Change 8.03% 14.12% 19.62% 1.57% 3.38% 32.08% 17.09% 19.33% 138.02% 41.7% 9.38% 46.26%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue $2.743B $2.539B $2.225B $1.860B $1.831B $1.772B $1.341B $1.145B $959.9M $403.3M $284.6M $260.2M
Cost Of Revenue $2.011B $1.882B $1.643B $1.393B $1.408B $1.361B $949.4M $821.2M $669.3M $254.2M $169.8M $145.1M
Gross Profit $732.4M $657.3M $582.0M $467.2M $423.8M $410.1M $391.8M $324.2M $290.6M $149.1M $114.8M $115.1M
Gross Profit Margin 26.7% 25.89% 26.16% 25.12% 23.14% 23.15% 29.21% 28.31% 30.27% 36.97% 40.32% 44.24%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Selling, General & Admin $205.8M $184.6M $194.6M $184.5M $174.2M $180.2M $169.1M $136.6M $124.4M $60.40M $46.30M $42.60M
YoY Change 11.48% -5.14% 5.47% 5.91% -3.33% 6.56% 23.79% 9.81% 105.96% 30.45% 8.69% 49.47%
% of Gross Profit 28.1% 28.08% 33.44% 39.49% 41.1% 43.94% 43.16% 42.13% 42.81% 40.51% 40.35% 37.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $118.1M $114.8M $98.80M $94.80M $76.50M $67.40M $51.90M $39.55M $34.55M $15.06M $11.66M $11.20M
YoY Change 2.87% 16.19% 4.22% 23.92% 13.5% 29.87% 31.22% 14.49% 129.37% 29.13% 4.13% 15.46%
% of Gross Profit 16.13% 17.47% 16.98% 20.29% 18.05% 16.44% 13.25% 12.2% 11.89% 10.1% 10.16% 9.73%
Operating Expenses $2.415B $2.194B $1.923B $1.677B $1.596B $1.694B $220.8M $949.0M $815.1M $352.5M $226.4M $53.80M
YoY Change 10.08% 14.1% 14.66% 5.11% -5.8% 667.07% -76.73% 16.42% 131.26% 55.71% 320.77% 40.84%
Operating Profit $328.0M $345.2M $302.2M $183.0M $235.9M $77.80M $171.0M $196.5M $144.8M $50.81M $58.23M $61.30M
YoY Change -4.98% 14.23% 65.14% -22.42% 203.21% -54.5% -12.97% 35.74% 184.91% -12.74% -5.01% 105.7%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Interest Expense -$193.0M -$234.9M -$221.0M -$201.8M -$178.9M -$147.0M -$111.2M -$100.6M -$101.0M -$62.10M -$32.93M -$28.50M
YoY Change -17.84% 6.29% 9.51% 12.8% 21.7% 32.19% 10.57% -0.41% 62.61% 88.59% 15.54% 27.23%
% of Operating Profit -58.84% -68.05% -73.13% -110.27% -75.84% -188.95% -65.03% -51.19% -69.76% -122.23% -56.55% -46.49%
Other Income/Expense, Net $8.600M $1.500M $0.00 $0.00 -$1.000M $3.800M $42.90M -$3.400M -$117.6M $3.400M -$300.0K $0.00
YoY Change 473.33% -100.0% -126.32% -91.14% -1361.76% -97.11% -3558.82% -1233.33% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Pretax Income $135.0M $110.3M $81.20M -$18.80M $54.60M -$69.20M $82.30M $92.18M -$76.14M -$11.29M $25.30M $32.00M
YoY Change 22.39% 35.84% -531.91% -134.43% -178.9% -184.08% -10.72% -221.07% 574.14% -144.65% -20.95% -364.46%
Income Tax -$300.0K $23.30M $10.50M -$20.10M $9.500M $26.40M -$10.50M $7.095M -$149.0M $15.76M $7.570M $6.100M
% Of Pretax Income -0.22% 21.12% 12.93% 17.4% -12.76% 7.7% 29.92% 19.06%
Net Earnings -$11.90M -$54.60M -$70.90M -$116.1M -$74.80M -$205.7M -$53.00M $9.453M $1.429M -$65.90M -$9.062M $1.900M
YoY Change -78.21% -22.99% -38.93% 55.21% -63.64% 288.11% -660.67% 561.51% -102.17% 627.18% -576.95% -107.22%
Net Earnings / Revenue -0.43% -2.15% -3.19% -6.24% -4.08% -11.61% -3.95% 0.83% 0.15% -16.34% -3.18% 0.73%
Basic Earnings Per Share -$0.09 -$0.59 -$1.12 -$3.19 -$2.29 -$4.96 $0.20 $0.04 -$2.04 -$0.28
Diluted Earnings Per Share -$0.09 -$0.59 -$1.12 -$3.19 -$2.29 -$4.96 -$1.097M $0.20 $0.04 -$2.04 -$0.28 $39.42K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Cash & Short-Term Investments $195.9M $282.9M $389.9M $317.9M $92.70M $184.3M $174.9M $69.70M $57.90M $74.90M $13.00M
YoY Change -30.75% -27.44% 22.65% 242.93% -49.7% 5.37% 150.93% 20.38% -22.7% 476.15%
Cash & Equivalents $195.9M $282.9M $389.9M $317.9M $92.70M $184.3M $174.9M $69.70M $57.90M $74.90M $13.00M
Short-Term Investments
Other Short-Term Assets $127.5M $110.4M $64.90M $45.00M $51.00M $53.00M $41.10M $33.40M $29.80M $16.50M $9.500M
YoY Change 15.49% 70.11% 44.22% -11.76% -3.77% 28.95% 23.05% 12.08% 80.61% 73.68%
Inventory $75.20M $71.40M $61.10M $56.40M $46.30M $43.40M $45.00M $28.80M $25.60M $23.70M $4.600M
Prepaid Expenses
Receivables $496.4M $456.3M $430.2M $382.2M $326.9M $307.6M $288.0M $220.6M $177.8M $145.0M $54.40M
Other Receivables $0.00 $0.00 $0.00 $0.00 $8.600M $0.00 $14.20M $9.500M $19.80M $8.600M $1.100M
Total Short-Term Assets $895.0M $921.0M $946.1M $801.5M $525.5M $588.3M $563.2M $362.0M $311.0M $268.6M $82.50M
YoY Change -2.82% -2.65% 18.04% 52.52% -10.67% 4.46% 55.58% 16.4% 15.79% 225.58%
Property, Plant & Equipment $1.224B $1.156B $953.8M $854.7M $821.0M $426.3M $398.5M $204.3M $184.6M $175.0M $20.80M
YoY Change 5.91% 21.17% 11.59% 4.1% 92.59% 6.98% 95.06% 10.67% 5.49% 741.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $184.1M $190.3M $88.70M $90.60M $93.50M $78.80M $77.70M $39.50M $36.90M $36.00M $500.0K
YoY Change -3.26% 114.54% -2.1% -3.1% 18.65% 1.42% 96.71% 7.05% 2.5% 7100.0%
Other Assets $192.8M $235.7M $173.5M $151.5M $129.2M $145.7M $175.3M $95.30M $110.3M $25.40M $4.400M
YoY Change -18.2% 35.85% 14.52% 17.26% -11.32% -16.89% 83.95% -13.6% 334.25% 477.27%
Total Long-Term Assets $5.982B $5.761B $5.172B $4.612B $4.493B $4.088B $4.060B $1.943B $1.793B $1.590B $392.2M
YoY Change 3.83% 11.4% 12.14% 2.63% 9.92% 0.7% 108.93% 8.34% 12.78% 305.46%
Total Assets $6.877B $6.682B $6.118B $5.413B $5.019B $4.676B $4.623B $2.305B $2.104B $1.859B $474.7M
YoY Change
Accounts Payable $171.8M $151.6M $124.9M $100.2M $96.70M $83.30M $84.70M $49.80M $45.30M $43.10M $18.30M
YoY Change 13.32% 21.38% 24.65% 3.62% 16.09% -1.65% 70.08% 9.93% 5.1% 135.52%
Accrued Expenses $219.9M $190.3M $215.0M $223.4M $228.9M $183.4M $122.9M $71.00M $53.90M $46.30M $11.00M
YoY Change 15.55% -11.49% -3.76% -2.4% 24.81% 49.23% 73.1% 31.73% 16.41% 320.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $73.30M $62.80M $60.40M $64.40M $56.00M $62.60M $58.70M $27.80M $27.20M $22.10M $8.800M
YoY Change 16.72% 3.97% -6.21% 15.0% -10.54% 6.64% 111.15% 2.21% 23.08% 151.14%
Total Short-Term Liabilities $523.0M $493.4M $536.8M $556.8M $398.1M $349.3M $303.0M $186.7M $181.3M $141.4M $42.50M
YoY Change 6.0% -8.08% -3.59% 39.86% 13.97% 15.28% 62.29% 2.98% 28.22% 232.71%
Long-Term Debt $2.702B $2.559B $2.878B $2.792B $2.525B $2.421B $2.252B $1.467B $1.282B $1.390B $418.6M
YoY Change 5.58% -11.1% 3.08% 10.6% 4.3% 7.48% 53.51% 14.44% -7.77% 232.06%
Other Long-Term Liabilities $290.0M $346.8M $402.6M $440.6M $396.7M $121.4M $100.9M $146.0M $159.7M $56.10M $12.00M
YoY Change -16.38% -13.86% -8.62% 11.07% 226.77% 20.32% -30.89% -8.58% 184.67% 367.5%
Total Long-Term Liabilities $2.992B $2.906B $3.281B $3.233B $2.921B $2.542B $2.353B $1.613B $1.442B $1.446B $430.6M
YoY Change 2.96% -11.44% 1.48% 10.67% 14.92% 8.03% 45.87% 11.89% -0.3% 235.83%
Total Liabilities $4.890B $4.684B $5.029B $4.863B $4.327B $3.912B $3.637B $2.295B $2.109B $2.123B $578.3M
YoY Change 4.39% -6.85% 3.4% 12.39% 10.6% 7.56% 58.46% 8.86% -0.68% 267.09%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.8626 Billion

About Surgery Partners, Inc.

Surgery Partners, Inc. is healthcare services holding company, which engages in the provision of solutions for surgical and related ancillary care in support of its patients and physicians. The company is headquartered in Brentwood, Tennessee and currently employs 10,500 full-time employees. The company went IPO on 2015-10-01. The Company, through its subsidiaries, owns and operates a national network of surgical facilities and ancillary services. Its segments include Surgical Facility Services and Ancillary Services. The Surgical Facility Services segment consists of the operation of ASCs and surgical hospitals and includes its anesthesia services. Its surgical facilities primarily provide non-emergency surgical procedures across many specialties, including, among others, orthopedics and pain management, ophthalmology, gastroenterology and general surgery. The Ancillary Services segment consisted of multi-specialty physician practices, including physician practices owned and operated pursuant to long-term management service agreements. The company is focused on surgical services businesses in the United States, with over 180 locations in 33 states, including ambulatory surgery centers, short-stay surgical hospitals, and multi-specialty physician practices.

Industry: Services-General Medical & Surgical Hospitals, NEC Peers: Brookdale Senior Living Inc. Cano Health, Inc. HCA Healthcare, Inc. Encompass Health Corp ENSIGN GROUP, INC HANGER, INC. NATIONAL HEALTHCARE CORP TENET HEALTHCARE CORP SELECT MEDICAL HOLDINGS CORP U S PHYSICAL THERAPY INC /NV