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Select Medical Holdings SEM Non-Medicare — Revenue

Other product segments

Medicare
$436.55M+11.8%
Other revenue
$142.88M+7.3%

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Other financials

Income statement

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Revenue$1.4B+5.0%
Gross profit$175.5M-2.8%
Operating income$98.4M-12.7%
Net income$44.0M-22.4%
EPS (diluted)$0.35-20.5%

Balance sheet

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Cash & equivalents$25.7M-51.7%
Total debt$3.0B+7.5%
Total equity$1.8B+2.1%
Total assets$6.0B+6.1%

Cash flow

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Operating cash flow$37.9M+1,195%
CapEx$58.9M+12.5%
Free cash flow-$21.0M+62.3%

Valuation

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Market cap$2.05B-6.2%
Enterprise value$5B+2.1%
P/E15.4×+2.8×
P/S0.4×0.0×

Profitability

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Gross margin11.3%-0.5pp
Operating margin5.8%+0.8pp
Net margin2.4%-0.9pp
FCF margin2.8%-4.1pp

Returns & leverage

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Return on equity7.7%-3.6pp
Debt / equity1.7×+0.1×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Select Medical Holdings in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Select Medical Holdings’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Select Medical Holdings's non-medicare — revenue?
Select Medical Holdings (SEM) reported non-medicare — revenue of $842.05M in Q1 2026.
How has Select Medical Holdings's non-medicare — revenue changed year-over-year?
Select Medical Holdings's non-medicare — revenue increased by 1.5% year-over-year, from $829.67M to $842.05M.
What is the long-term trend for Select Medical Holdings's non-medicare — revenue?
Over 2 years (2021 to 2025), Select Medical Holdings's non-medicare — revenue has grown at a -12.3% compound annual growth rate (CAGR), from $4.36B to $3.35B.
What does non-medicare — revenue mean?
This metric represents the total revenue generated from healthcare services provided to patients covered by private insurance, commercial payers, or other non-government funding sources. It serves as a key indicator of the company's ability to diversify its payer mix and capture market share outside of government-sponsored programs like Medicare. Monitoring this revenue stream helps investors assess the company's exposure to commercial reimbursement rates and private healthcare market dynamics.