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Discontinued — last reported Q1 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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$1.95B-32.1%
Enterprise value$6.82B-9.2%
P/S0.6×-0.3×

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 / equity+0.2×
Current ratio1.9×0.0×

Where this comes from

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

The source filing: Surgery Partners, Inc.’s 10-Q, filed May 5, 2026. Open the filing →

Filed
May 5, 2026, 4:13 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001638833-26-000046

FAQ

What is Surgery Partners, Inc.'s net debt?
Surgery Partners, Inc. (SGRY) reported net debt of $4.87B in Q1 2026.
How has Surgery Partners, Inc.'s net debt changed year-over-year?
Surgery Partners, Inc.'s net debt increased by 5.8% year-over-year, from $4.6B to $4.87B.
What is the long-term trend for Surgery Partners, Inc.'s net debt?
Over 5 years (2020 to 2025), Surgery Partners, Inc.'s net debt has grown at a 8.4% compound annual growth rate (CAGR), from $3.22B to $4.82B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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