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Companies / Health Care / Surgery Partners, Inc.
SGRY

Surgery Partners, Inc.

Health CareHealth Services
Ticker SGRYBRENTWOOD, TNFiscal year ends DecemberBook value per share $12.99Diluted shares 128.6M

Surgery Partners, Inc. (Nasdaq: SGRY) owns and operates a U.S. network of surgical facilities and related services, serving patients, physicians, health care systems and payors. Its facilities provide primarily scheduled, non-emergency procedures across specialties including orthopedics, pain management,… From the company’s description.

In fiscal 2025, Surgery Partners, Inc. reported revenue of $3.31B, up 6.2% from fiscal 2024, and net income of $98.90M. Its operating margin was 11.8%, and operations generated $274.30M in cash. Over the twelve months to Jun 30, 2026, revenue was $3.37B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.31BFY2025
+6.2% year over year
Last 12 mo $3.37B
11.77%FY2025
+0.6 percentage points
Last 12 mo 11.40%
$98.90MFY2025
+691.2% year over year
Last 12 mo $81.90M
-4.55%FY2025
+4.8 percentage points
Last 12 mo -5.30%
Cash & financing
$274.30MFY2025
−8.6% year over year
Last 12 mo $258.00M
$195.60MFY2025
−6.7% year over year
Last 12 mo $187.60M
2.16FY2025
Was 1.88× a year earlier
Last 12 mo 2.25
127.2MFY2025
+0.9% year over year
Last 12 mo 128.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Surgery Partners, Inc. does

In the company’s own words

Surgery Partners, Inc. (Nasdaq: SGRY) owns and operates a U.S. network of surgical facilities and related services, serving patients, physicians, health care systems and payors. Its facilities provide primarily scheduled, non-emergency procedures across specialties including orthopedics, pain management, ophthalmology, gastroenterology and general surgery. The company also provides facility management and operational services, including support for contracting with private insurance payors. It operates one reportable segment, Surgical Facilities, which includes ambulatory surgery centers, surgical hospitals, anesthesia services, urgent care facilities and multi-specialty physician practices. As of December 31, 2025, the network comprised 176 surgical facilities—157 ambulatory surgery centers and 19 licensed surgical hospitals—and the company had approximately 16,000 employees. Patient services at its surgical facilities generated approximately $3.2 billion in revenue in 2025. Surgery Partners operates facilities through partnerships with physicians, physician groups and health care systems, and holds majority ownership in some facilities while managing others. Its website is www.surgerypartners.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
BRENTWOOD, TN
Fiscal year end
December
CIK
1638833
SIC
8062

Financial performance, year by year

Fiscal 2015–2025 · USD
$-441.82M$596.76M$1.64B$2.67B$3.71B2015201620182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Surgery Partners, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

191
funds hold it
0 of 35
superinvestors hold it
$688.16M
held by funds, at market
33.1%
of shares held by funds

Largest fund holders · Surgery Partners, Inc.’s weight in each

Janus Henderson Contrarian Fund
JSVAX · Janus Investment Fund
4.06%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
T. Rowe Price Small-Cap Stock Fund, Inc.
OTCFX · T. ROWE PRICE SMALL-CAP STOCK FUND, INC.
0.38%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Surgery Partners, Inc. and its peers compare on margins and cash generation over ten years?”
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