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Surgery Partners, Inc., a Delaware corporation, acting through its subsidiaries, owns and operates a national network of surgical facilities and ancillary services. Unless the context otherwise indicates, Surgery Partners, Inc. and its subsidiaries are referred to herein as "Surgery Partners," "we," "us," "our" or the "Company." We are a leading healthcare services company with an integrated ou…
11.77% operating margin is respectable but not wide. ROIC at 5.61%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 6.2%, steady but not accelerating.
Net debt of $4.85B represents 24.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.34B
▲ +6.2% YoY
Net Income (TTM)
-$76M
▲ +53.7% YoY
Op. Margin
11.77%
▲ +0.6pp YoY
ROIC
5.69%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$208M
▼ -6.7% YoY
Op. Cash Flow (TTM)
$280M
▼ -8.6% YoY
Net Debt
$4.77B
Cash & Equiv.
$182M
5Y CAGR: +12.2%
5Y CAGR: -0.8%
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