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Surgery Partners, Inc.

SGRY

$14.56 ▼ -1.22 (-7.73%) at close

13 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

Surgery Partners, Inc. faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $1.9B

Dividend Yield —

Revenue Growth 6.2% ↘

Op. Margin 11.8% ↗

ROIC 5.6% ↗

FCF / Share $1.54 ↘

Trailing P/E —

Price / Book 1.1x

FCF Yield 10.6%

Debt / Equity 2.18

info Valuation on last close. End-of-day price, Sep 23, 2026.

13-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$3.31B

↑ +6.2% —

Net Income Profit after all expenses

$-77.90M

↑ +53.7% —

Operating Margin Operating profit as % of sales

11.8%

↑ +5.1% 60th

FCF / Share Free cash flow per share

$1.54

↓ -7.5% —

Long-Term Debt Long-term obligations

$3.74B

↑ +9.7% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↓

Cash Quality ↓

Financial view

Statement lens

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Revenue Growth YoY (%)	6.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-22%)	13.5% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+69%)	8.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	14.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+77%)	19.6% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+145%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-80%)	3.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-58%)	54.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+583%)	19.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+142%)	138.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1625%)	41.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+421%)	—	—
EPS Growth YoY (%)	54.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-1377.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	84.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	47.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	64.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	N/M	400.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-628.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	53.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-1312.6% Weak ↓ Weak Declining Year-over-year change in net income	78.2% Excellent ↑ Excellent Improving Year-over-year change in net income	23.0% Good ↑ Good Improving Year-over-year change in net income	38.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-55.2% Weak ↓ Weak Declining Year-over-year change in net income	63.6% Excellent Excellent Year-over-year change in net income	N/M	561.5% Excellent Excellent Year-over-year change in net income	N/M	-627.2% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-7.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	1.9% Caution ↓ Caution Declining Year-over-year change in free cash flow	91.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	108.8% Excellent Excellent Year-over-year change in free cash flow	-90.3% Weak Weak Year-over-year change in free cash flow	—	—	21.6% Good ↓ Good Declining Year-over-year change in free cash flow	26.7% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	221.6% Excellent Excellent Year-over-year change in free cash flow	-68.8% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	9.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.9% Good ↑ Good Improving Compound annual revenue growth over 3 years	13.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	7.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	17.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	24.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	63.8% Excellent Excellent Compound annual revenue growth over 3 years	59.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	12.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	11.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	9.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	17.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	18.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	35.8% Excellent Excellent Compound annual revenue growth over 5 years	45.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Operating Margin (%) (%)	11.8% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	11.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	12.0% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	13.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	13.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	9.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	12.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	4.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	17.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	15.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.6% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	20.5% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	—
Profit Margin (%) (%)	-2.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-120%)	-5.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-145%)	-0.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-104%)	-2.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-118%)	-3.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-127%)	-6.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-152%)	-4.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-134%)	-11.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-197%)	0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	0.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	-16.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-236%)	-3.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-127%)	—
FCF Margin (%) (%)	5.9% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	6.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.5% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	15.8% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-2.51x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.25x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-17.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.43x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.42x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.76x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.75x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.51x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	9.11x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	35.72x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.22x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-4.96x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Return on Invested Capital (%)	5.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	125.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	2.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	10.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	-15.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	4.8% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	1.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.9% Caution Caution Operating profit relative to total assets Optimal: > 10%	2.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-130%)	-9.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-163%)	-0.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-104%)	-2.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-118%)	-6.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-143%)	-100.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-770%)	-25.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-268%)	-31.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-309%)	97.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+551%)	-35.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-337%)	25.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+66%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Debt to Equity (x)	2.18x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+263%)	1.90x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+217%)	1.41x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+135%)	1.32x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+120%)	2.72x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+353%)	—	8.75x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1358%)	3.56x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+493%)	152.37x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+25296%)	-319.26x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53310%)	—	—	—
Interest Coverage (x)	1.52x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.75x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	1.93x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.58x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.56x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.90x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.31x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.54x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.48x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.50x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	1.01x Weak Weak Operating income divided by interest expense Optimal: > 5x	1.87x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$3.50B	$3.14B	$2.61B	$2.35B	$2.57B	$-317.90M	$2.50B	$2.15B	$1.40B	$1.23B	$-74.92M	$-13.03M	$-5.23M
Debt / EBITDA (x)	6.61x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.79x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.29x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.73x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.38x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	8.31x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	16.03x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.25x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.17x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Revenue per Share (USD)	$26.01	$24.69	$21.84	$27.62	$30.72	$38.14	—	$36.88	$23.85	$26.61	$12.49	$8.95	—
Basic EPS, GAAP (USD)	$-0.61	$-1.33	$-0.09	$-0.59	$-1.12	$-3.19	—	$-4.96	$0.20	$0.04	$-2.04	$-0.28	—
Free Cash Flow per Share (USD)	$1.54	$1.66	$1.63	$0.85	$0.41	$4.18	—	$2.18	$1.79	$1.42	$0.44	$1.41	—
Book Value per Share (USD)	$13.25	$14.08	$15.70	$15.86	$12.19	$2.29	$6.02	$13.45	$0.20	$-0.08	$-8.18	—	—
Tangible Book Value per Share (USD)	$-27.24	$-26.15	$-18.91	$-17.32	$-32.09	$-67.36	$-63.95	$-54.91	$-32.86	$-30.43	$-50.09	—	—
Basic Weighted Avg Shares (shares)	127.21M	126.12M	125.61M	91.95M	72.43M	48.78M	—	48.03M	48.02M	36.07M	32.30M	31.82M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Working Capital (USD)	$535.20M	$495.00M	$372.00M	$427.60M	$409.30M	$244.70M	$127.40M	$260.22M	$175.23M	$129.64M	$127.26M	—	—
LT Debt (USD)	$3.74B	$3.40B	$2.80B	$2.63B	$2.96B	—	$2.60B	$2.33B	$1.47B	$1.29B	—	—	—
Total Equity (USD)	$1.71B	$1.79B	$1.99B	$2.00B	$1.09B	$115.60M	$296.80M	$654.73M	$9.68M	$-4.03M	$-264.08M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2016 10-K ↗	FY 2016 Dec 31, 2015 10-K ↗	FY 2015 Dec 31, 2014 10-K ↗	FY 2014 Dec 31, 2013 10-K ↗	FY 2013 Dec 31, 2012 10-K ↗
Sales/Revenue/Turnover (USD)	$3.31B	$3.11B	$2.74B	$2.54B	$2.23B	$1.86B	$1.83B	$1.77B	$1.15B	$959.89M	$403.29M	$284.60M	—
Depreciation Expense (USD)	$176.00M	$152.60M	$118.10M	$114.80M	$98.80M	$94.80M	$76.50M	$67.44M	$39.55M	$34.55M	$15.06M	$11.66M	—
Net Income, GAAP (USD)	$-77.90M	$-168.10M	$-11.90M	$-54.60M	$-70.90M	$-116.10M	$-74.80M	$-205.71M	$9.45M	$1.43M	$-65.90M	$-9.06M	—
Operating Cash Flow (USD)	$274.30M	$300.10M	$293.80M	$158.80M	$87.10M	$246.90M	$129.50M	$144.60M	$125.24M	$84.48M	$21.95M	$49.08M	—

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Synced yesterday 13 years · 47 quarters

Surgery Partners, Inc.

Analytical Summary

13-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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