Symbols / SGRY Stock $13.95 -3.66% Surgery Partners, Inc.

Healthcare • Medical Care Facilities • United States • NMS
SGRY (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Healthcare
Industry Medical Care Facilities
CEO Mr. J. Eric Evans
Exch · Country NMS · United States
Market Cap 1.82B
Enterprise Value 7.46B
Income -76.10M
Sales 3.34B
FCF (ttm) 199.06M
Book/sh 13.37
Cash/sh 1.41
Employees 16,000
Insider 10d
IPO Sep 30, 2015
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E 22.85
PEG
P/S 0.55
P/B 1.04
P/C
EV/EBITDA 11.43
EV/Sales 2.23
Quick Ratio 1.35
Current Ratio 1.86
Debt/Eq 116.01
LT Debt/Eq
EPS (ttm) -0.59
EPS next Y 0.61
EPS Growth
Revenue Growth 4.50%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-08-04
Earnings (prior) 2026-05-05
ROA 3.70%
ROE 2.75%
ROIC
Gross Margin 22.83%
Oper. Margin 10.37%
Profit Margin -2.28%
Shs Outstand 130.79M
Shs Float 56.91M
Insider Own 1.70%
Instit Own 122.45%
Short Float 23.97%
Short Ratio 14.86
Short Interest 15.81M
52W High 24.10
vs 52W High -42.12%
52W Low 11.41
vs 52W Low 22.26%
Beta 1.99
Impl. Vol. 52.98%
Rel Volume 0.93
Avg Volume 1.61M
Volume 1.49M
Target (mean) $17.95
Tgt Median $17.50
Tgt Low $14.00
Tgt High $24.00
# Analysts 11
Recom Buy
Prev Close $14.48
Price $13.95
Change -3.66%
About

Surgery Partners, Inc., together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery. It offers emergency departments; ancillary services such as physician practices and diagnostic testing; multi-specialty physician practices; urgent care facilities; and anesthesia services. In addition, it offers single- and multi-specialty facilities. Surgery Partners, Inc. was founded in 2004 and is headquartered in Brentwood, Tennessee.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.95
Low
$14.00
High
$24.00
Mean
$17.95

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main TD Cowen Buy → Buy $20
2026-03-05 main UBS Buy → Buy $21
2026-03-05 main Mizuho Outperform → Outperform $17
2026-03-04 main RBC Capital Outperform → Outperform $20
2026-03-03 main Barclays Equal-Weight → Equal-Weight $14
2025-12-18 main Mizuho Outperform → Outperform $19
2025-11-24 main JP Morgan Neutral → Neutral $20
2025-11-21 main Barclays Equal-Weight → Equal-Weight $18
2025-11-17 main Mizuho Outperform → Outperform $22
2025-11-13 main UBS Buy → Buy $29
2025-11-11 main RBC Capital Outperform → Outperform $31
2025-11-11 main Benchmark Buy → Buy $30
2025-10-07 reit Cantor Fitzgerald Overweight → Overweight $36
2025-05-27 main Barclays Equal-Weight → Equal-Weight $24
2025-04-21 reit Benchmark Buy → Buy $35
2025-03-25 reit RBC Capital Outperform → Outperform $35
2025-03-11 main Macquarie Outperform → Outperform $33
2024-12-03 main JP Morgan Neutral → Neutral $28
2024-11-20 main RBC Capital Outperform → Outperform $35
2024-11-19 main Macquarie Outperform → Outperform $34
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-16 DOHERTY DAVID T. Chief Financial Officer 8,867 $12.50 $110,838
2026-03-16 EVANS JASON ERIC Chief Executive Officer 20,400 $12.47 $254,388
2026-03-13 BRITTENHAM MARISSA Officer 3,657 $12.54 $45,859
2026-03-13 BURKHALTER DANIELLE Officer 3,469 $12.83 $44,507
2026-03-12 BALDOCK JENNIFER BOYD Officer 5,798 $13.17 $76,360
2026-03-06 DOHERTY DAVID T. Chief Financial Officer 14,574 $13.84 $201,704
2026-03-06 BRITTENHAM MARISSA Officer 8,785 $13.70 $120,354
2026-03-06 BURKHALTER DANIELLE Officer 7,736 $13.60 $105,210
2026-03-06 WEBB WILLIAM TRENTON Officer 2,066 $13.86 $28,654
2026-03-06 BALDOCK JENNIFER BOYD Officer 10,082 $13.70 $138,123
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,308.70
+6.24%
3,114.30
+13.52%
2,743.30
+8.03%
2,539.30
Operating Revenue
3,308.70
+6.24%
3,114.30
+13.52%
2,743.30
+8.03%
2,539.30
Cost Of Revenue
2,543.70
+7.39%
2,368.70
+13.02%
2,095.80
+6.69%
1,964.40
Reconciled Cost Of Revenue
2,543.70
+7.39%
2,368.70
+13.02%
2,095.80
+6.69%
1,964.40
Gross Profit
765.00
+2.60%
745.60
+15.15%
647.50
+12.63%
574.90
Operating Expense
294.20
+1.00%
291.30
+21.88%
239.00
+10.14%
217.00
Selling General And Administration
118.20
-14.78%
138.70
+14.72%
120.90
+18.30%
102.20
General And Administrative Expense
118.20
-14.78%
138.70
+14.72%
120.90
+18.30%
102.20
Other Gand A
118.20
-14.78%
138.70
+14.72%
120.90
+18.30%
102.20
Other Operating Expenses
-1.10
+54.17%
-2.40
Total Expenses
2,837.90
+6.69%
2,660.00
+13.93%
2,334.80
+7.03%
2,181.40
Operating Income
470.80
+3.63%
454.30
+11.21%
408.50
+14.14%
357.90
Total Operating Income As Reported
389.50
+11.67%
348.80
+6.34%
328.00
-4.98%
345.20
EBITDA
565.50
+12.78%
501.40
+12.40%
446.10
-3.02%
460.00
Normalized EBITDA
678.40
+4.95%
646.40
+17.89%
548.30
+8.75%
504.20
Reconciled Depreciation
176.00
+15.33%
152.60
+29.21%
118.10
+2.87%
114.80
EBIT
389.50
+11.67%
348.80
+6.34%
328.00
-4.98%
345.20
Total Unusual Items
-112.90
+22.14%
-145.00
-41.88%
-102.20
-131.22%
-44.20
Total Unusual Items Excluding Goodwill
-112.90
+22.14%
-145.00
-41.88%
-102.20
-131.22%
-44.20
Special Income Charges
-112.90
+22.14%
-145.00
-41.88%
-102.20
-131.22%
-44.20
Other Special Charges
8.60
+100.00%
4.30
-83.52%
26.10
+281.25%
-14.40
Impairment Of Capital Assets
Restructuring And Mergern Acquisition
73.90
-26.17%
100.10
+62.24%
61.70
+29.89%
47.50
Write Off
0.00
Net Income
-77.90
+53.66%
-168.10
-1312.61%
-11.90
+78.21%
-54.60
Pretax Income
116.90
-20.53%
147.10
+8.96%
135.00
+22.39%
110.30
Net Non Operating Interest Income Expense
-272.60
-35.15%
-201.70
-4.51%
-193.00
+17.84%
-234.90
Interest Expense Non Operating
272.60
+35.15%
201.70
+4.51%
193.00
-17.84%
234.90
Net Interest Income
-272.60
-35.15%
-201.70
-4.51%
-193.00
+17.84%
-234.90
Interest Expense
272.60
+35.15%
201.70
+4.51%
193.00
-17.84%
234.90
Other Income Expense
-81.30
+22.94%
-105.50
-31.06%
-80.50
-533.86%
-12.70
Other Non Operating Income Expenses
8.70
-56.50%
20.00
+166.67%
7.50
-60.53%
19.00
Gain On Sale Of Business
-30.40
+25.12%
-40.60
-181.94%
-14.40
-29.73%
-11.10
Tax Provision
18.00
-86.63%
134.60
+44966.67%
-0.30
-101.29%
23.30
Tax Rate For Calcs
0.00
-26.67%
0.00
+0.00%
0.00
-0.59%
0.00
Tax Effect Of Unusual Items
-17.39
+42.90%
-30.45
-41.88%
-21.46
-129.86%
-9.34
Net Income Including Noncontrolling Interests
98.90
+691.20%
12.50
-90.76%
135.30
+55.52%
87.00
Net Income From Continuing Operation Net Minority Interest
-77.90
+53.66%
-168.10
-1312.61%
-11.90
+78.21%
-54.60
Net Income From Continuing And Discontinued Operation
-77.90
+53.66%
-168.10
-1312.61%
-11.90
+78.21%
-54.60
Net Income Continuous Operations
98.90
+691.20%
12.50
-90.76%
135.30
+55.52%
87.00
Minority Interests
-176.80
+2.10%
-180.60
-22.69%
-147.20
-3.95%
-141.60
Normalized Income
17.61
+132.89%
-53.55
-177.79%
68.84
+448.78%
-19.74
Net Income Common Stockholders
-77.90
+53.66%
-168.10
-1312.61%
-11.90
+78.21%
-54.60
Otherunder Preferred Stock Dividend
0.00
0.00
Diluted EPS
-0.61
+54.14%
-1.33
-1377.78%
-0.09
+84.75%
-0.59
Basic EPS
-0.61
+54.14%
-1.33
-1377.78%
-0.09
+84.75%
-0.59
Basic Average Shares
127.21
+0.86%
126.12
+0.41%
125.61
+36.61%
91.95
Diluted Average Shares
127.21
+0.86%
126.12
+0.41%
125.61
+36.61%
91.95
Diluted NI Availto Com Stockholders
-77.90
+53.66%
-168.10
-1312.61%
-11.90
+78.21%
-54.60
Depreciation Amortization Depletion Income Statement
176.00
+15.33%
152.60
+29.21%
118.10
+2.87%
114.80
Depreciation And Amortization In Income Statement
176.00
+15.33%
152.60
+29.21%
118.10
+2.87%
114.80
Earnings From Equity Interest
22.90
+17.44%
19.50
+37.32%
14.20
+13.60%
12.50
Gain On Sale Of PPE
-11.10
Rent Expense Supplemental
87.90
-1.79%
89.50
+5.42%
84.90
+3.03%
82.40
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
8,119.70
+2.91%
7,890.00
+14.74%
6,876.70
+2.91%
6,682.10
Current Assets
1,150.70
+2.80%
1,119.40
+25.07%
895.00
-2.82%
921.00
Cash Cash Equivalents And Short Term Investments
239.90
-10.98%
269.50
+37.57%
195.90
-30.75%
282.90
Cash And Cash Equivalents
239.90
-10.98%
269.50
+37.57%
195.90
-30.75%
282.90
Receivables
602.20
+3.99%
579.10
+16.66%
496.40
+8.79%
456.30
Accounts Receivable
602.20
+3.99%
579.10
+16.66%
496.40
+8.79%
456.30
Inventory
96.60
+9.28%
88.40
+17.55%
75.20
+5.32%
71.40
Prepaid Assets
31.00
-1.27%
31.40
Other Current Assets
212.00
+16.23%
182.40
+43.06%
127.50
+15.49%
110.40
Total Non Current Assets
6,969.00
+2.93%
6,770.60
+13.19%
5,981.70
+3.83%
5,761.10
Net PPE
1,442.60
+4.23%
1,384.00
+13.07%
1,224.00
+5.91%
1,155.70
Gross PPE
2,093.80
+8.04%
1,937.90
+15.46%
1,678.40
+9.70%
1,530.00
Accumulated Depreciation
-651.20
-17.57%
-553.90
-21.90%
-454.40
-21.40%
-374.30
Properties
0.00
0.00
0.00
0.00
Land And Improvements
5.90
-39.18%
9.70
+5.43%
9.20
-17.12%
11.10
Buildings And Improvements
274.90
+6.26%
258.70
+14.82%
225.30
+37.38%
164.00
Machinery Furniture Equipment
163.20
+6.88%
152.70
+10.65%
138.00
+11.92%
123.30
Construction In Progress
49.20
-10.05%
54.70
+126.03%
24.20
-58.35%
58.10
Other Properties
1,600.60
+9.47%
1,462.10
+14.08%
1,281.70
+9.22%
1,173.50
Goodwill And Other Intangible Assets
5,235.60
+2.38%
5,113.70
+16.73%
4,380.80
+4.82%
4,179.40
Goodwill
5,194.60
+2.50%
5,068.00
+17.15%
4,326.00
+4.57%
4,137.10
Other Intangible Assets
41.00
-10.28%
45.70
-16.61%
54.80
+29.55%
42.30
Investments And Advances
234.00
+8.64%
215.40
+17.00%
184.10
-3.26%
190.30
Long Term Equity Investment
234.00
+8.64%
215.40
+17.00%
184.10
-3.26%
190.30
Non Current Deferred Assets
0.00
-100.00%
89.50
-2.19%
91.50
Non Current Deferred Taxes Assets
0.00
-100.00%
89.50
-2.19%
91.50
Other Non Current Assets
56.80
-1.22%
57.50
-44.34%
103.30
-28.36%
144.20
Total Liabilities Net Minority Interest
4,592.90
+7.95%
4,254.80
+21.05%
3,514.80
+3.40%
3,399.20
Current Liabilities
615.50
-1.43%
624.40
+19.39%
523.00
+6.00%
493.40
Payables And Accrued Expenses
468.80
+2.54%
457.20
+17.77%
388.20
+13.58%
341.80
Payables
255.30
+6.15%
240.50
+22.89%
195.70
+6.65%
183.50
Accounts Payable
208.70
+0.00%
208.70
+21.48%
171.80
+13.32%
151.60
Other Payable
46.60
+46.54%
31.80
+33.05%
23.90
-25.08%
31.90
Current Accrued Expenses
213.50
-1.48%
216.70
+12.57%
192.50
+21.60%
158.30
Current Debt And Capital Lease Obligation
142.00
-0.28%
142.40
+28.40%
110.90
+11.68%
99.30
Current Debt
99.30
-2.07%
101.40
+38.34%
73.30
+16.72%
62.80
Other Current Borrowings
99.30
-2.07%
101.40
+38.34%
73.30
+16.72%
62.80
Current Capital Lease Obligation
42.70
+4.15%
41.00
+9.04%
37.60
+3.01%
36.50
Current Deferred Liabilities
3.20
Current Deferred Revenue
3.20
Other Current Liabilities
4.70
-81.05%
24.80
+3.77%
23.90
-54.30%
52.30
Total Non Current Liabilities Net Minority Interest
3,977.40
+9.56%
3,630.40
+21.35%
2,991.80
+2.96%
2,905.80
Long Term Debt And Capital Lease Obligation
3,882.80
+9.04%
3,561.00
+20.68%
2,950.70
+4.25%
2,830.40
Long Term Debt
3,602.90
+10.22%
3,268.90
+20.99%
2,701.80
+5.58%
2,559.00
Long Term Capital Lease Obligation
279.90
-4.18%
292.10
+17.36%
248.90
-8.29%
271.40
Non Current Deferred Liabilities
53.40
+36.22%
39.20
0.00
Non Current Deferred Taxes Liabilities
53.40
+36.22%
39.20
0.00
Other Non Current Liabilities
41.20
+36.42%
30.20
-26.52%
41.10
-45.49%
75.40
Preferred Securities Outside Stock Equity
Stockholders Equity
1,712.90
-4.29%
1,789.70
-9.94%
1,987.20
-0.55%
1,998.20
Common Stock Equity
1,712.90
-4.29%
1,789.70
-9.94%
1,987.20
-0.55%
1,998.20
Capital Stock
1.30
+0.00%
1.30
+0.00%
1.30
+0.00%
1.30
Common Stock
1.30
+0.00%
1.30
+0.00%
1.30
+0.00%
1.30
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
129.32
+1.74%
127.11
+0.41%
126.59
+0.50%
125.96
Ordinary Shares Number
129.32
+1.74%
127.11
+0.41%
126.59
+0.50%
125.96
Additional Paid In Capital
2,540.60
+0.78%
2,520.90
+0.93%
2,497.60
+0.79%
2,478.00
Retained Earnings
-815.20
-10.57%
-737.30
-29.53%
-569.20
-2.14%
-557.30
Gains Losses Not Affecting Retained Earnings
-13.80
-387.50%
4.80
-91.65%
57.50
-24.54%
76.20
Minority Interest
1,813.90
-1.71%
1,845.50
+34.25%
1,374.70
+7.01%
1,284.70
Other Equity Adjustments
-13.80
-387.50%
4.80
-91.65%
57.50
-24.54%
76.20
Total Equity Gross Minority Interest
3,526.80
-2.98%
3,635.20
+8.13%
3,361.90
+2.41%
3,282.90
Total Capitalization
5,315.80
+5.08%
5,058.60
+7.88%
4,689.00
+2.89%
4,557.20
Working Capital
535.20
+8.12%
495.00
+33.06%
372.00
-13.00%
427.60
Invested Capital
5,415.10
+4.94%
5,160.00
+8.35%
4,762.30
+3.08%
4,620.00
Total Debt
4,024.80
+8.68%
3,703.40
+20.96%
3,061.60
+4.50%
2,929.70
Net Debt
3,462.30
+11.66%
3,100.80
+20.22%
2,579.20
+10.27%
2,338.90
Capital Lease Obligations
322.60
-3.15%
333.10
+16.27%
286.50
-6.95%
307.90
Net Tangible Assets
-3,522.70
-5.98%
-3,324.00
-38.87%
-2,393.60
-9.74%
-2,181.20
Tangible Book Value
-3,522.70
-5.98%
-3,324.00
-38.87%
-2,393.60
-9.74%
-2,181.20
Interest Payable
19.50
+45.52%
13.40
-24.72%
17.80
-8.25%
19.40
Investments In Other Ventures Under Equity Method
234.00
+8.64%
215.40
+17.00%
184.10
-3.26%
190.30
Investmentsin Associatesat Cost
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
274.30
-8.60%
300.10
+2.14%
293.80
+85.01%
158.80
Cash Flow From Continuing Operating Activities
274.30
-8.60%
300.10
+2.14%
293.80
+85.01%
158.80
Net Income From Continuing Operations
98.90
+691.20%
12.50
-90.76%
135.30
+55.52%
87.00
Depreciation Amortization Depletion
176.00
+15.33%
152.60
+29.21%
118.10
+2.87%
114.80
Depreciation And Amortization
176.00
+15.33%
152.60
+29.21%
118.10
+2.87%
114.80
Other Non Cash Items
47.40
+4.41%
45.40
-24.58%
60.20
+1257.69%
-5.20
Stock Based Compensation
14.80
-55.56%
33.30
+88.14%
17.70
-3.80%
18.40
Asset Impairment Charge
0.00
Deferred Tax
16.70
-87.30%
131.50
+7835.29%
-1.70
-107.76%
21.90
Deferred Income Tax
16.70
-87.30%
131.50
+7835.29%
-1.70
-107.76%
21.90
Operating Gains Losses
30.90
-29.29%
43.70
+57.76%
27.70
+14.46%
24.20
Gain Loss On Sale Of PPE
Change In Working Capital
-110.40
+7.15%
-118.90
-87.24%
-63.50
+37.93%
-102.30
Change In Receivables
-53.80
+25.38%
-72.10
-52.75%
-47.20
-33.71%
-35.30
Changes In Account Receivables
-53.80
+25.38%
-72.10
-52.75%
-47.20
-33.71%
-35.30
Change In Other Working Capital
-56.60
-20.94%
-46.80
-187.12%
-16.30
+75.67%
-67.00
Investing Cash Flow
-246.60
+49.52%
-488.50
-116.53%
-225.60
+26.73%
-307.90
Cash Flow From Continuing Investing Activities
-246.60
+49.52%
-488.50
-116.53%
-225.60
+26.73%
-307.90
Net PPE Purchase And Sale
-32.20
+63.33%
-87.80
-39.37%
-63.00
+6.94%
-67.70
Purchase Of PPE
-78.70
+12.94%
-90.40
-1.80%
-88.80
-10.17%
-80.60
Sale Of PPE
46.50
+1688.46%
2.60
-89.92%
25.80
+100.00%
12.90
Capital Expenditure
-78.70
+12.94%
-90.40
-1.80%
-88.80
-10.17%
-80.60
Net Business Purchase And Sale
-173.90
+53.74%
-375.90
-191.62%
-128.90
+43.64%
-228.70
Purchase Of Business
-175.40
+53.90%
-380.50
-192.02%
-130.30
+46.05%
-241.50
Gain Loss On Sale Of Business
30.40
-25.12%
40.60
+181.94%
14.40
+29.73%
11.10
Net Other Investing Changes
-40.50
-63.31%
-24.80
+26.41%
-33.70
-193.04%
-11.50
Financing Cash Flow
-57.30
-121.87%
262.00
+268.81%
-155.20
-468.65%
42.10
Cash Flow From Continuing Financing Activities
-57.30
-121.87%
262.00
+268.81%
-155.20
-468.65%
42.10
Net Issuance Payments Of Debt
162.80
-63.85%
450.40
+2209.74%
19.50
+103.03%
-644.20
Issuance Of Debt
1,202.60
-30.47%
1,729.70
+109.25%
826.60
+279.52%
217.80
Repayment Of Debt
-1,039.80
+18.72%
-1,279.30
-58.51%
-807.10
+6.37%
-862.00
Long Term Debt Issuance
1,202.60
-30.47%
1,729.70
+109.25%
826.60
+279.52%
217.80
Long Term Debt Payments
-1,039.80
+18.72%
-1,279.30
-58.51%
-807.10
+6.37%
-862.00
Net Long Term Debt Issuance
162.80
-63.85%
450.40
+2209.74%
19.50
+103.03%
-644.20
Net Common Stock Issuance
0.00
0.00
-100.00%
882.90
Cash Dividends Paid
0.00
0.00
Net Other Financing Charges
-220.10
-16.83%
-188.40
-7.84%
-174.70
+11.14%
-196.60
Changes In Cash
-29.60
-140.22%
73.60
+184.60%
-87.00
+18.69%
-107.00
Beginning Cash Position
269.50
+37.57%
195.90
-30.75%
282.90
-27.44%
389.90
End Cash Position
239.90
-10.98%
269.50
+37.57%
195.90
-30.75%
282.90
Free Cash Flow
195.60
-6.72%
209.70
+2.29%
205.00
+162.15%
78.20
Interest Paid Supplemental Data
256.80
+28.59%
199.70
+17.75%
169.60
-22.45%
218.70
Income Tax Paid Supplemental Data
1.20
-25.00%
1.60
+14.29%
1.40
-22.22%
1.80
Common Stock Issuance
0.00
0.00
-100.00%
882.90
Earnings Losses From Equity Investments
-0.80
+60.00%
-2.00
+9.09%
-2.20
-22.22%
-1.80
Issuance Of Capital Stock
0.00
0.00
-100.00%
882.90
Preferred Stock Dividend Paid
0.00
0.00
Sale Of Business
1.50
-67.39%
4.60
+228.57%
1.40
-89.06%
12.80
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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