The Tip Desk

Surgery Partners, Inc.

Company Stats

Market Cap
$1.8B
as of Sep 30, 2026
Shares Outstanding
130.9M
Free Float
83.6%

Income Statement

Revenue
$3.3B
Operating Income
$389.5M
Net Income
-$77.9M
EBITDA
$565.5M
Revenue Growth, 3Y
9.2%
FCF Margin, 3Y Avg
6.7%
FCF Margin, Worst Year
5.9%

Cash Flow

Free Cash Flow
$195.6M
FCF Yield
10.8%
Owner FCF Yield
10.0%

Balance Sheet

Cash & Equivalents
$239.9M

Returns & Capital

SBC, 3Y Avg
$21.9M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$3.3B$195.6M5.9%
FY2024$3.1B$209.7M6.7%
FY2023$2.7B$205.0M7.5%
FY2022$2.5B$78.2M3.1%
FY2021$2.2B$29.5M1.3%

Annual filing data through FY ended December 31, 2025; shares and float as of November 2, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage