SGRY - Surgery Partners, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$19.25
DETAILS
HIGH:
$21.00
LOW:
$17.00
MEDIAN:
$19.50
CONSENSUS:
$19.25
UPSIDE:
44.52%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 3,308.7 | 3,114.3 | 2,743.3 | 2,539.3 | 2,225.1 | 1,860.1 | 1,831.4 | 1,771.5 | 1,341.2 | 1,145.4 | 959.9 | 403.3 | 284.6 | 260.2 |
| Cost of Revenue | 2,543.7 | 2,368.7 | 2,095.8 | 1,964.4 | 1,733.7 | 1,480.3 | 1,407.6 | 1,361.4 | 1,013.8 | 821.2 | 669.3 | 254.2 | 169.8 | 159.3 |
| Gross Profit | 765 | 745.6 | 647.5 | 574.9 | 491.4 | 379.8 | 423.8 | 410.0 | 327.4 | 324.2 | 290.6 | 149.1 | 114.8 | 100.9 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 522.7 | 138.7 | 120.9 | 102.2 | 104 | 97.1 | 88.6 | 93.6 | 76.0 | 60.2 | 56.0 | 31.5 | 26.3 | 25.3 |
| Other Expenses | (147.2) | 258.1 | 198.6 | 127.5 | 85.2 | 99.7 | 99.3 | 63.7 | 25.3 | (3.7) | (119.9) | 21.2 | 17.8 | 14.3 |
| Operating Expenses | 375.5 | 396.8 | 319.5 | 229.7 | 189.2 | 196.8 | 187.9 | 157.2 | 156.4 | 123.7 | 111.8 | 52.7 | 44.2 | 39.6 |
| Operating Income | ||||||||||||||
| Operating Income | 389.5 | 348.8 | 328 | 345.2 | 302.2 | 183 | 235.9 | 77.8 | 158.2 | 196.5 | 144.8 | 50.8 | 58.2 | 60.5 |
| Interest Expense | 272.6 | 201.7 | 193 | 234.9 | 221 | 201.8 | 178.9 | 147.0 | 117.7 | 100.6 | 101.0 | 62.1 | 32.9 | 28.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 565.5 | 501.4 | 446.1 | 460 | 401 | 277.8 | 310 | 144.7 | 251.9 | 245.2 | 59.4 | 65.9 | 69.9 | 72.5 |
| EBIT | 389.5 | 348.8 | 328 | 345.2 | 302.2 | 183 | 233.5 | 77.8 | 200.0 | 205.7 | 24.8 | 50.8 | 71.2 | 60.5 |
| Income Before Tax | 116.9 | 147.1 | 135 | 110.3 | 81.2 | (18.8) | 54.6 | (69.2) | 82.3 | 92.2 | (76.1) | (11.3) | 25.3 | 32.0 |
| Income Tax Expense | 18 | 134.6 | (0.3) | 23.3 | 10.5 | (20.1) | 9.5 | 26.5 | 53.5 | 7.1 | (149.0) | 15.8 | 7.6 | 6.1 |
| Net Income | (77.9) | (168.1) | (11.9) | (54.6) | (70.9) | (116.1) | (74.8) | (205.7) | (53.0) | 9.5 | 1.4 | (65.9) | (9.1) | 1.9 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -0.61 | -1.33 | -0.09 | -0.59 | -1.12 | -3.19 | 0.95 | -4.28 | -1.09 | 0.20 | 0.04 | -1.37 | -0.19 | 0.04 |
| EPS (Diluted) | -0.61 | -1.33 | -0.09 | -0.59 | -1.12 | -3.19 | 0.95 | -4.28 | -1.08 | 0.20 | 0.04 | -1.37 | -0.19 | 0.04 |
| Shares Outstanding | 127.2 | 126.1 | 125.6 | 92.0 | 72.4 | 48.8 | 48.3 | 48.0 | 48.7 | 48.0 | 36.1 | 48.2 | 48.2 | 48.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 239.9 | 269.5 | 195.9 | 282.9 | 389.9 | 317.9 | 92.7 | 184.3 | 174.9 | 69.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 602.2 | 579.1 | 496.4 | 456.3 | 430.2 | 382.2 | 326.9 | 316.1 | 295.6 | 227.6 |
| Inventory | 96.6 | 88.4 | 75.2 | 71.4 | 61.1 | 56.4 | 46.3 | 43.4 | 45.0 | 28.8 |
| Other Current Assets | 170.9 | 182.4 | 96.5 | 79 | 39.3 | 27.4 | 41.8 | 28.3 | 30.9 | 24.7 |
| Total Current Assets | 1,150.7 | 1,119.4 | 895 | 921 | 946.1 | 801.5 | 525.5 | 588.3 | 563.2 | 362.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,442.6 | 1,384 | 1,224 | 1,155.7 | 953.8 | 854.7 | 821 | 426.3 | 398.5 | 204.3 |
| Goodwill | 5,194.6 | 5,068 | 4,326 | 4,137.1 | 3,911.8 | 3,468 | 3,402.4 | 3,382.8 | 3,346.8 | 1,555.2 |
| Intangible Assets | 41 | 45.7 | 54.8 | 42.3 | 43.7 | 46.9 | 47.3 | 54.3 | 58.9 | 48.0 |
| Long-Term Investments | 234 | 215.4 | 184.1 | 190.3 | 88.7 | 90.3 | 93.2 | 78.5 | 74.3 | 35.0 |
| Other Non-Current Assets | 56.8 | 57.5 | 103.3 | 144.2 | 59.1 | 27 | 30.8 | 36.9 | 48.7 | 16.8 |
| Total Non-Current Assets | 7,091.3 | 6,770.6 | 5,981.7 | 5,761.1 | 5,171.5 | 4,611.7 | 4,493.4 | 4,087.9 | 4,059.5 | 1,943.0 |
| Total Assets | 8,242 | 7,890 | 6,876.7 | 6,682.1 | 6,117.6 | 5,413.2 | 5,018.9 | 4,676.3 | 4,622.8 | 2,305.0 |
| Current Liabilities | ||||||||||
| Account Payables | 208.7 | 208.7 | 171.8 | 151.6 | 124.9 | 100.2 | 96.7 | 83.3 | 84.7 | 49.8 |
| Short-Term Debt | 142 | 101.4 | 73.3 | 62.8 | 60.4 | 64.4 | 56 | 55.6 | 58.7 | 27.8 |
| Deferred Revenue | 0 | 0 | 0 | 3.2 | 64.4 | 109.8 | 0 | (138.8) | (143.4) | (77.6) |
| Other Current Liabilities | 199.9 | 24.8 | 23.9 | 49.1 | 47.3 | 38.1 | 22.5 | 135.2 | 19.5 | 25.7 |
| Total Current Liabilities | 615.5 | 624.4 | 523 | 493.4 | 536.8 | 556.8 | 398.1 | 349.3 | 303.0 | 186.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,706.4 | 3,268.9 | 2,701.8 | 2,559 | 2,878.4 | 2,792.4 | 2,524.7 | 2,254.4 | 2,130.6 | 1,414.4 |
| Deferred Tax Liabilities | 175.7 | 39.2 | 0 | 0 | 0 | 0 | 0 | 52.3 | 28.4 | 122.4 |
| Other Non-Current Liabilities | 41.2 | 30.2 | 41.1 | 75.4 | 87 | 139.7 | 113.6 | 121.5 | 100.9 | 198.6 |
| Total Non-Current Liabilities | 4,099.7 | 3,630.4 | 2,991.8 | 2,905.8 | 3,281 | 3,233 | 2,921.4 | 2,542.1 | 2,983.2 | 1,613.0 |
| Total Liabilities | 4,715.2 | 4,254.8 | 3,514.8 | 3,399.2 | 3,817.8 | 3,789.8 | 3,319.5 | 4,676.3 | 4,622.8 | 2,305.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 1.3 | 1.3 | 1.3 | 1.3 | 0.9 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Retained Earnings | (815.2) | (737.3) | (569.2) | (557.3) | (502.7) | (431.8) | (315.7) | (247.0) | (41.3) | (311.4) |
| Accumulated Other Comprehensive Income | (13.8) | 4.8 | 57.5 | 76.2 | (31.5) | (61) | (50.7) | (22.4) | (19.7) | (86.4) |
| Total Stockholders' Equity | 1,712.9 | 1,789.7 | 1,987.2 | 1,998.2 | 1,089 | 550.1 | 691.8 | 404.6 | 654.7 | 9.7 |
| Total Liabilities & Equity | 8,242 | 7,890 | 6,876.7 | 6,682.1 | 6,117.6 | 5,413.2 | 5,018.9 | 4,676.3 | 4,622.8 | 2,305.0 |
| Debt Metrics | ||||||||||
| Total Debt | 4,024.8 | 3,703.4 | 3,061.6 | 2,929.7 | 3,294.5 | 3,196.9 | 2,901.1 | 2,476.3 | 2,189.3 | 1,496.6 |
| Net Debt | 3,784.9 | 3,433.9 | 2,865.7 | 2,646.8 | 2,904.6 | 2,879 | 2,808.4 | 2,292.0 | 2,014.4 | 1,426.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 98.9 | 12.5 | 135.3 | 87 | 70.7 | 1.3 | 45.1 | (95.6) | (53.0) | 85.1 |
| Depreciation & Amortization | 176 | 152.6 | 118.1 | 114.8 | 98.8 | 94.8 | 76.5 | 67.4 | 51.9 | 39.6 |
| Stock-Based Compensation | 14.8 | 33.3 | 17.7 | 18.4 | 17.4 | 13.2 | 10.2 | 9.3 | 5.6 | 2.0 |
| Change in Working Capital | (110.4) | (118.9) | (62.3) | (102.3) | (149.1) | (55.3) | (68.8) | 33.2 | 85.0 | (43.4) |
| Other Non-Cash Items | 78.3 | 89.1 | 86.7 | 19 | 40.4 | 214.8 | 58 | 105.0 | 28.1 | 35.1 |
| Operating Cash Flow | 274.3 | 300.1 | 293.8 | 158.8 | 87.1 | 246.9 | 129.5 | 144.6 | 120.9 | 125.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (78.7) | (90.4) | (88.8) | (80.6) | (57.6) | (42.9) | (73.6) | (39.8) | (29.6) | (39.1) |
| Acquisitions | (162.1) | (378.8) | (128.9) | (228.7) | (280.4) | (104.6) | (11.4) | (87.6) | (755.1) | (145.6) |
| Purchases of Investments | (13.3) | (1.7) | 0 | 0 | 0 | 0 | (15.2) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 4.6 | 0 | 0 | 0 | 0 | 15.2 | 0 | 0 | 0 |
| Other Investing Activities | 7.5 | (22.2) | (7.9) | 1.4 | 6.3 | 59.1 | (0.2) | (1.5) | 1.3 | (145.6) |
| Investing Cash Flow | (246.6) | (488.5) | (225.6) | (307.9) | (331.7) | (88.4) | (85.2) | (128.9) | (783.4) | (184.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 158.7 | 450.4 | 19.5 | (644.2) | (43.8) | 213.1 | (1.7) | 125.1 | 565.1 | 171.4 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2) | (2) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | (5.1) | 0 | 0 | (7.8) | (1.3) | 0 |
| Other Financing Activities | (216) | (188.4) | (174.7) | (196.6) | (216.6) | (146.4) | (134.2) | (121.6) | 205.9 | (100.2) |
| Financing Cash Flow | (57.3) | 262 | (155.2) | 42.1 | 316.3 | 66.7 | (135.9) | (6.3) | 767.7 | 71.3 |
| Cash Position | ||||||||||
| Net Change in Cash | (29.6) | 73.6 | (87) | (107) | 71.7 | 225.2 | (91.6) | 9.4 | 11.8 | 11.8 |
| Cash at Beginning | 269.5 | 195.9 | 282.9 | 389.9 | 318.2 | 93 | 184.6 | 175.2 | 57.9 | 57.9 |
| Cash at End | 239.9 | 269.5 | 195.9 | 282.9 | 389.9 | 318.2 | 93 | 184.6 | 69.7 | 69.7 |
| Free Cash Flow | 195.6 | 209.7 | 205 | 78.2 | 29.5 | 204 | 55.9 | 104.8 | 91.3 | 86.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 3,308.7 | 3,114.3 | 2,743.3 | 2,539.3 | 2,225.1 | 1,860.1 | 1,831.4 | 1,771.5 | 1,341.2 | 1,145.4 | 959.9 | 403.3 | 284.6 | 260.2 |
| Gross Profit | 765 | 745.6 | 647.5 | 574.9 | 491.4 | 379.8 | 423.8 | 410.0 | 327.4 | 324.2 | 290.6 | 149.1 | 114.8 | 100.9 |
| Operating Income | 389.5 | 348.8 | 328 | 345.2 | 302.2 | 183 | 235.9 | 77.8 | 158.2 | 196.5 | 144.8 | 50.8 | 58.2 | 60.5 |
| Net Income | (77.9) | (168.1) | (11.9) | (54.6) | (70.9) | (116.1) | (74.8) | (205.7) | (53.0) | 9.5 | 1.4 | (65.9) | (9.1) | 1.9 |
| EPS (Diluted) | -0.61 | -1.33 | -0.09 | -0.59 | -1.12 | -3.19 | 0.95 | -4.28 | -1.08 | 0.20 | 0.04 | -1.37 | -0.19 | 0.04 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 239.9 | 269.5 | 195.9 | 282.9 | 389.9 | 317.9 | 92.7 | 184.3 | 174.9 | 69.7 | ||||
| Total Assets | 8,242 | 7,890 | 6,876.7 | 6,682.1 | 6,117.6 | 5,413.2 | 5,018.9 | 4,676.3 | 4,622.8 | 2,305.0 | ||||
| Total Debt | 4,024.8 | 3,703.4 | 3,061.6 | 2,929.7 | 3,294.5 | 3,196.9 | 2,901.1 | 2,476.3 | 2,189.3 | 1,496.6 | ||||
| Stockholders' Equity | 1,712.9 | 1,789.7 | 1,987.2 | 1,998.2 | 1,089 | 550.1 | 691.8 | 404.6 | 654.7 | 9.7 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 274.3 | 300.1 | 293.8 | 158.8 | 87.1 | 246.9 | 129.5 | 144.6 | 120.9 | 125.2 | ||||
| Capital Expenditure | (78.7) | (90.4) | (88.8) | (80.6) | (57.6) | (42.9) | (73.6) | (39.8) | (29.6) | (39.1) | ||||
| Free Cash Flow | 195.6 | 209.7 | 205 | 78.2 | 29.5 | 204 | 55.9 | 104.8 | 91.3 | 86.1 | ||||