SGRY vs. HCA
Compare and contrast key facts about Surgery Partners, Inc. (SGRY) and HCA Healthcare, Inc. (HCA).
Performance
SGRY vs. HCA - Performance Comparison
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SGRY vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGRY Surgery Partners, Inc. | -20.65% | -27.02% | -33.82% | 14.82% | -47.84% | 84.11% | 85.31% | 59.91% | -19.09% | -23.66% |
HCA HCA Healthcare, Inc. | 1.84% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
Fundamentals
SGRY:
$1.56B
HCA:
$109.53B
SGRY:
-$0.61
HCA:
$28.46
SGRY:
0.47
HCA:
1.50
SGRY:
$3.31B
HCA:
$75.60B
SGRY:
$765.00M
HCA:
$31.37B
SGRY:
$794.70M
HCA:
$15.60B
Returns By Period
In the year-to-date period, SGRY achieves a -20.65% return, which is significantly lower than HCA's 1.84% return. Over the past 10 years, SGRY has underperformed HCA with an annualized return of -0.47%, while HCA has yielded a comparatively higher 20.53% annualized return.
SGRY
- 1D
- 2.85%
- 1M
- -22.80%
- YTD
- -20.65%
- 6M
- -42.13%
- 1Y
- -47.79%
- 3Y*
- -29.15%
- 5Y*
- -22.41%
- 10Y*
- -0.47%
HCA
- 1D
- 0.32%
- 1M
- -10.78%
- YTD
- 1.84%
- 6M
- 11.76%
- 1Y
- 38.24%
- 3Y*
- 22.61%
- 5Y*
- 21.62%
- 10Y*
- 20.53%
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Return for Risk
SGRY vs. HCA — Risk / Return Rank
SGRY
HCA
SGRY vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Surgery Partners, Inc. (SGRY) and HCA Healthcare, Inc. (HCA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SGRY | HCA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.01 | 1.46 | -2.46 |
Sortino ratioReturn per unit of downside risk | -1.32 | 2.02 | -3.34 |
Omega ratioGain probability vs. loss probability | 0.81 | 1.27 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.70 | -3.63 |
Martin ratioReturn relative to average drawdown | -1.97 | 7.60 | -9.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGRY | HCA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.46 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.74 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.64 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.68 | -0.73 |
Correlation
The correlation between SGRY and HCA is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SGRY vs. HCA - Dividend Comparison
SGRY has not paid dividends to shareholders, while HCA's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGRY Surgery Partners, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HCA HCA Healthcare, Inc. | 0.62% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% |
Drawdowns
SGRY vs. HCA - Drawdown Comparison
The maximum SGRY drawdown since its inception was -82.86%, which is greater than HCA's maximum drawdown of -54.74%. Use the drawdown chart below to compare losses from any high point for SGRY and HCA.
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Drawdown Indicators
| SGRY | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -54.74% | -28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -52.01% | -14.17% | -37.84% |
Max Drawdown (5Y)Largest decline over 5 years | -82.86% | -39.49% | -43.37% |
Max Drawdown (10Y)Largest decline over 10 years | -82.86% | -54.74% | -28.12% |
Current DrawdownCurrent decline from peak | -81.72% | -12.78% | -68.94% |
Average DrawdownAverage peak-to-trough decline | -40.93% | -10.91% | -30.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.61% | 5.04% | +19.57% |
Volatility
SGRY vs. HCA - Volatility Comparison
Surgery Partners, Inc. (SGRY) has a higher volatility of 12.06% compared to HCA Healthcare, Inc. (HCA) at 5.31%. This indicates that SGRY's price experiences larger fluctuations and is considered to be riskier than HCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGRY | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 5.31% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 41.28% | 19.11% | +22.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.55% | 26.40% | +21.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.13% | 29.39% | +25.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.95% | 32.37% | +32.58% |
Financials
SGRY vs. HCA - Financials Comparison
This section allows you to compare key financial metrics between Surgery Partners, Inc. and HCA Healthcare, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SGRY vs. HCA - Profitability Comparison
SGRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Surgery Partners, Inc. reported a gross profit of 212.20M and revenue of 885.00M. Therefore, the gross margin over that period was 24.0%.
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
SGRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Surgery Partners, Inc. reported an operating income of 110.20M and revenue of 885.00M, resulting in an operating margin of 12.5%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
SGRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Surgery Partners, Inc. reported a net income of -15.00M and revenue of 885.00M, resulting in a net margin of -1.7%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.