Filing Flows › Surgery Partners (SGRY) › How it makes money
How Surgery Partners (SGRY) makes money
Surgery Partners (SGRY) made $849M of revenue in the second quarter 2026 (Q2 2026), +3% from a year earlier. Patient service revenues brought in $828M (98%); Other brought in $20.6M (2%). Of every dollar of revenue, 12¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Patient service revenues | $828M | 97.6% | +4% | +2% |
| ↳ Private insurance | $401M | 47.3% | +0.6% | -4% |
| ↳ Government | $381M | 44.8% | +6% | +10% |
| ↳ Self-pay | $23.5M | 2.8% | +22% | +7% |
| ↳ Other service revenues | $22.8M | 2.7% | +21% | +4% |
| Other | $20.6M | 2.4% | +24% | +15% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $849M | 100.0% |
| Operating profit | $102M | 12.0% |
| Income tax | $2.6M | 0.3% |
| Net earnings | $29.7M | 3.5% |
| Operating cash flow | $59.3M | 7.0% |
| Free cash flow | $37.5M | 4.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $849M | +3% |
| Q1 2026 | $811M | +4% |
| Q4 2025 | $885M | +2% |
| Q3 2025 | $822M | +7% |
| Q2 2025 | $826M | +8% |
| Q1 2025 | $776M | +8% |
| Q4 2024 | $864M | +18% |
From Surgery Partners' 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Surgery Partners make money?
Surgery Partners (SGRY) made $849M of revenue in the second quarter 2026 (Q2 2026), +3% from a year earlier. Patient service revenues brought in $828M (98%); Other brought in $20.6M (2%). Of every dollar of revenue, 12¢ was left as operating profit, 3¢ was left as net earnings.
What is Surgery Partners' biggest business?
Patient service revenues: $828M in the second quarter 2026, 98% of revenue, +2% from a year earlier.
What is Surgery Partners' profit margin?
Net earnings were $29.7M, 3.5% of revenue, in the second quarter 2026; the operating margin was 12.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.