Stratrix
Company data sheet · Surgery Partners

Surgery Partners: eight lost years, and the economy wasn't the reason.

Industry
General Medical & Surgical Hospitals
Headquarters
United States
Ticker
SGRY (Nasdaq)
Sources
SEC filings (2015–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
Data as of
November 1, 2026
  1. From profit to eight straight losses. Surgery Partners earned $0 billion in 2015–2016. Then it lost money every year from 2018 to 2025: $0.8 billion in all.
  2. It wasn't the cycle. The losses began in 2018, a year the US economy grew 3.0%. When a company falls while its economy grows, look inside the company first.
  3. Leaders came and went. Surgery Partners filed 29 leadership changes since 2016, more than 81% of large service companies (the median is 16). The day after each, its shares moved a median 0.0 points against its sector. The news was rarely news.

Financial results

Fiscal yearRevenueNet income
2016$1.1 billion$0 billion

As reported in its annual filings. Losses in red.

The full data sheet · Data Plan

Everything behind these findings, ready for your board deck.

  • Market reaction to disclosed decisions: 65 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (31 with market data).
  • Economic context: 7 measures for the United States, every year since 2016, from the official sources.
  • Peer comparison: against 528 companies of its size in its sector.
  • Financial results: ten years of revenue, operating and net income, and every annual report, linked.
  • Methods and sources, so each number can be checked and cited.

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