Select Medical (SEM) Revenue & Revenue Breakdown

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Select Medical Revenue Highlights

Latest Revenue (Y)

$5.45B

Latest Revenue (Q)

$1.36B

Main Segment (Y)

Health Care, Patient Service, Non-Medicare

Select Medical Revenue by Period

Select Medical Revenue by Year

Date	Revenue	Change
2025-12-31	$5.45B	5.12%
2024-12-31	$5.19B	-22.16%
2023-12-31	$6.66B	5.22%
2022-12-31	$6.33B	2.08%
2021-12-31	$6.20B	12.16%
2020-12-31	$5.53B	1.43%
2019-12-31	$5.45B	7.33%
2018-12-31	$5.08B	14.35%
2017-12-31	$4.44B	3.68%
2016-12-31	$4.29B	14.52%
2015-12-31	$3.74B	22.11%
2014-12-31	$3.07B	3.00%
2013-12-31	$2.98B	0.90%
2012-12-31	$2.95B	5.15%
2011-12-31	$2.80B	17.33%
2010-12-31	$2.39B	6.72%
2009-12-31	$2.24B	4.02%
2008-12-31	$2.15B	8.12%
2007-12-31	$1.99B	7.57%
2006-12-31	$1.85B	-0.37%
2005-12-31	$1.86B	-

Select Medical generated $5.45B in revenue during NA 2025, up 5.12% compared to the previous quarter, and up 98.57% compared to the same period a year ago.

Select Medical Revenue by Quarter

Date	Revenue	Change
2025-09-30	$1.36B	1.78%
2025-06-30	$1.34B	-1.00%
2025-03-31	$1.35B	3.09%
2024-12-31	$1.31B	-25.47%
2024-09-30	$1.76B	0.09%
2024-06-30	$1.76B	-1.63%
2024-03-31	$1.79B	7.83%
2023-12-31	$1.66B	-0.41%
2023-09-30	$1.67B	-0.53%
2023-06-30	$1.67B	0.57%
2023-03-31	$1.66B	5.28%
2022-12-31	$1.58B	0.87%
2022-09-30	$1.57B	-1.07%
2022-06-30	$1.58B	-0.93%
2022-03-31	$1.60B	2.55%
2021-12-31	$1.56B	1.67%
2021-09-30	$1.53B	-1.91%
2021-06-30	$1.56B	1.14%
2021-03-31	$1.55B	5.89%
2020-12-31	$1.46B	2.57%
2020-09-30	$1.42B	15.51%
2020-06-30	$1.23B	-12.86%
2020-03-31	$1.41B	2.91%
2019-12-31	$1.37B	-1.35%
2019-09-30	$1.39B	2.35%
2019-06-30	$1.36B	2.77%
2019-03-31	$1.32B	4.74%
2018-12-31	$1.26B	-0.21%
2018-09-30	$1.27B	-2.22%
2018-06-30	$1.30B	3.45%
2018-03-31	$1.25B	12.43%
2017-12-31	$1.11B	1.57%
2017-09-30	$1.10B	-2.10%
2017-06-30	$1.12B	0.84%
2017-03-31	$1.11B	6.22%
2016-12-31	$1.05B	-0.71%
2016-09-30	$1.05B	-3.99%
2016-06-30	$1.10B	0.85%
2016-03-31	$1.09B	4.73%
2015-12-31	$1.04B	1.77%
2015-09-30	$1.02B	15.11%
2015-06-30	$887.07M	11.53%
2015-03-31	$795.34M	3.08%
2014-12-31	$771.61M	1.79%
2014-09-30	$758.07M	-1.90%
2014-06-30	$772.76M	1.34%
2014-03-31	$762.58M	2.20%
2013-12-31	$746.17M	3.23%
2013-09-30	$722.85M	-4.47%
2013-06-30	$756.67M	0.90%
2013-03-31	$749.96M	1.20%
2012-12-31	$741.09M	3.84%
2012-09-30	$713.67M	-4.87%
2012-06-30	$750.19M	0.83%
2012-03-31	$744.02M	3.56%
2011-12-31	$718.44M	3.50%
2011-09-30	$694.13M	-0.66%
2011-06-30	$698.75M	0.80%
2011-03-31	$693.19M	8.76%
2010-12-31	$637.35M	8.35%
2010-09-30	$588.25M	1.44%
2010-06-30	$579.88M	-0.84%
2010-03-31	$584.81M	1.96%
2009-12-31	$573.54M	5.12%
2009-09-30	$545.62M	-2.49%
2009-06-30	$559.53M	-0.29%
2009-03-31	$561.17M	2.57%
2008-12-31	$547.10M	5.38%
2008-09-30	$519.18M	-3.64%
2008-06-30	$538.81M	-1.73%
2008-03-31	$548.28M	5.85%
2007-12-31	$517.97M	3.51%
2007-09-30	$500.38M	-1.20%
2007-06-30	$506.48M	8.49%
2007-03-31	$466.83M	-

Select Medical generated $1.36B in revenue during Q3 2025, up 1.78% compared to the previous quarter, and up 77.48% compared to the same period a year ago.

Select Medical Revenue Breakdown

Select Medical Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Service, Other	$537.54M	$511.57M	$491.64M	$462.98M	$421.71M
Health Care, Patient Service, Medicare	$1.56B	$1.49B	$1.49B	$1.45B	$1.42B
Health Care, Patient Service, Non-Medicare	$3.35B	$3.18B	$4.69B	$4.42B	$4.36B
Health Care, Patient Service	-	$4.68B	$6.17B	$5.87B	$5.78B

Select Medical's latest annual revenue breakdown by segment (product or service), as of Dec 25: Health Care, Patient Service, Non-Medicare (61.50%), Health Care, Patient Service, Medicare (28.64%), and Service, Other (9.86%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Health Care, Patient Service, Non-Medicare	$855.91M	$841.46M	$826.30M	$829.67M	-	$1.28B	$1.27B	$1.26B	$1.16B	$1.18B	$1.18B	$1.16B	$1.09B	$1.10B	$1.11B	$1.12B	$1.10B	$1.07B	$1.11B	$1.08B
Service, Other	$139.18M	$133.44M	$131.72M	$133.20M	$126.27M	$127.71M	$127.99M	$129.60M	$126.87M	$122.19M	$122.89M	$119.69M	$119.72M	$117.53M	$114.55M	$111.17M	$113.21M	$109.07M	$101.98M	$97.46M
Health Care, Patient Service, Medicare	$401.54M	$388.54M	$381.56M	$390.31M	$374.17M	$356.42M	$362.50M	$398.75M	$369.93M	$362.57M	$368.09M	$385.48M	$367.58M	$353.54M	$363.34M	$364.09M	$344.33M	$352.95M	$350.65M	$371.04M
Health Care, Patient Service	-	-	$1.21B	$1.22B	-	$1.63B	$1.63B	$1.66B	$1.53B	$1.54B	$1.55B	$1.55B	$1.46B	$1.45B	$1.47B	$1.49B	$1.45B	$1.43B	$1.46B	$1.45B

Select Medical's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Health Care, Patient Service, Non-Medicare (61.28%), Health Care, Patient Service, Medicare (28.75%), and Service, Other (9.97%).

Select Medical Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ARDT	Ardent Health Partners	$5.97B	$1.58B
SEM	Select Medical	$5.45B	$1.36B
ACHC	Acadia Healthcare	$3.31B	$869.23M
ASTH	Astrana Health	$2.03B	$956.05M
AVAH	Aveanna Healthcare	$2.02B	$621.94M
MD	Pediatrix Medical Group	$1.91B	$492.88M
HCSG	Healthcare Services Group	$1.84B	$464.34M
LFST	LifeStance Health Group	$1.42B	$363.81M
HRMY	Harmony Biosciences	$868.45M	$239.46M
USPH	U.S. Physical Therapy	$780.99M	$164.02M

SEM Revenue FAQ

What is Select Medical’s yearly revenue?

Select Medical's yearly revenue for 2025 was $5.45B, representing an increase of 5.12% compared to 2024. The company's yearly revenue for 2024 was $5.19B, representing a decrease of -22.16% compared to 2023. SEM's yearly revenue for 2023 was $6.66B, representing an increase of 5.22% compared to 2022.

What is Select Medical’s quarterly revenue?

Select Medical's quarterly revenue for Q3 2025 was $1.36B, a 1.78% increase from the previous quarter (Q2 2025), and a -22.59% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.34B, a -1.00% decrease from the previous quarter (Q1 2025), and a -23.87% decrease year-over-year (Q2 2024). SEM's quarterly revenue for Q1 2025 was $1.35B, a 3.09% increase from the previous quarter (Q4 2024), and a -24.35% decrease year-over-year (Q1 2024).

What is Select Medical’s revenue growth rate?

Select Medical's revenue growth rate for the last 3 years (2023-2025) was -18.18%, and for the last 5 years (2021-2025) was -12.12%.

What are Select Medical’s revenue streams?

Select Medical's revenue streams in c 25 are Service, Other, Health Care, Patient Service, Medicare, and Health Care, Patient Service, Non-Medicare. Service, Other generated $537.54M in revenue, accounting 9.86% of the company's total revenue, up 5.08% year-over-year. Health Care, Patient Service, Medicare generated $1.56B in revenue, accounting 28.64% of the company's total revenue, up 4.70% year-over-year. Health Care, Patient Service, Non-Medicare generated $3.35B in revenue, accounting 61.50% of the company's total revenue, up 5.33% year-over-year.

What is Select Medical’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Select Medical was Health Care, Patient Service, Non-Medicare. This segment made a revenue of $3.35B, representing 61.50% of the company's total revenue.