What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Surgery Partners, Inc. SGRY Gross Profit

Discontinued — last reported Q4 '19

Gross Profit at other companies

UnitedHealth GroupUNH

$98.9B+1.8%

Astrana HealthASTH

$105.74M+48.2%

BrightSpring Health Services, Inc.BTSG

$482.22M+42.5%

SolventumSOLV

$1.1B-1.5%

StrykerSYK

$3.81B+1.8%

PACS GroupPACS

$345.96M+36.5%

Other financials

Income statement

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Revenue$810.9M+4.5%

Operating income$65.8M+6.3%

Net income-$35.9M+4.8%

EPS (diluted)-$0.28+6.7%

Balance sheet

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Cash & equivalents$182.3M-20.5%

Total debt$5.1B+4.6%

Total equity$1.7B-3.0%

Total assets$8.0B+1.2%

Cash flow

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Operating cash flow$11.7M+95.0%

CapEx$16.0M-29.5%

Free cash flow-$4.3M+74.3%

Valuation

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Market cap$1.9B-49.1%

Enterprise value$6.77B-16.0%

P/S0.6×-0.6×

Profitability

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Gross margin23.1%—

Operating margin11.8%+1.2pp

Net margin-2.3%-0.9pp

FCF margin6.2%+0.8pp

Returns & leverage

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Return on equity-4.4%-1.6pp

Debt / equity3×+0.2×

Current ratio1.9×0.0×

Where this comes from

Calculated from Surgery Partners, Inc.’s reported figures.

$517.2Mtotal revenue−$388.0Mtotal cost of revenue=$129.2M

The official record: Surgery Partners, Inc.’s 10-K, filed March 13, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.