U.S. Physical Therapy, Inc.

U.S. Physical Therapy, Inc.

USPH
U.S. Physical Therapy, Inc.US flagNew York Stock Exchange
62.50
USD
-0.03
- -
951.18MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
21.89
24.97
26.74
28.52
32.94
35.84
37.78
32.95
38.38
42.6
42.63
44.57
51.47
52.39
Basic EPS, GAAP
1.05
1.57
1.66
1.64
1.75
0.8
2.21
2.38
2.16
2.18
1.03
1.76
0.99
-0.14
Free Cash Flow per Basic Share
3.33
2.97
2.52
3.42
3.93
5.2
4.1
7.2
5.29
3.87
5.12
4.36
4.02
4.39
Dividend per Share
0.4
0.48
0.6
0.68
0.8
0.92
1.14
0.32
1.45
1.64
1.7
1.76
1.8
0.9
Book Value per Share
9.89
11
11.17
12.04
12.93
13.23
14.46
16.53
17.41
17.95
15.78
15.1
14.98
14.29
Tangible Book Value per Share
-0.27
0.14
-0.6
-0.56
-0.9
0.67
0.72
0.63
-5.32
-9.11
2.32
-5.8
-6.26
-7.43
Basic Weighted Avg Shares
12
12
12
12
13
13
13
13
13
13
14
15
15
15
Sales/Revenue/Turnover
264
305
331
357
414
454
482
423
495
553
605
671
781
795
Operating Margin (%)
14.68
15
14.28
13.89
13.22
13.29
13.99
15.58
15.2
11.92
11.58
9.78
10.3
10.07
Depreciation Expense
6
7
8
9
10
10
10
11
12
15
16
19
22
23
Net Income, GAAP
13
19
21
21
22
10
28
31
28
28
15
26
15
-2
Effective Tax Rate (%)
32
33.96
34
31.14
17.87
18.88
19.25
19.88
20.86
21.89
24.62
24.26
25.46
25.83
Profit Margin (%)
4.82
6.27
6.22
5.76
5.33
2.23
5.84
7.23
5.62
5.11
2.43
3.94
1.93
-0.26
Working Capital
26
29
41
41
38
37
25
-6
12
26
131
21
1
22
LT Debt
41
35
48
51
57
38
111
79
192
254
216
244
263
309
Total Equity
155
175
218
258
309
351
379
410
452
485
652
759
770
783
Return on Invested Capital (%)
15.23
14.97
13.16
11.89
13.26
12.9
12.07
10.08
9.85
7.09
6.26
5.06
5.61
5.39
Return on Capital (%)
2.88
9.26
9.01
8.96
11.23
-8.06
0.18
2.16
-0.29
2.71
-0.13
1.85
-2.56
-5.83
Return on Common Equity (%)
11.02
15.08
15.11
14.23
14.09
6.12
15.99
15.41
12.74
12.35
6.42
11.72
6.62
-0.92

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
51
52
54
LT Borrowings
151
153
194
LT Finance Leases
106
111
115
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
1,287
1,185
1,138

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
138
140
139
Cash, Cash Equivalents & STI
31
36
28
Accounts Receivable, Net
68
64
69
Inventories
- -
- -
- -
Total Current Liabilities
115
139
117
Payables & Accruals
64
87
61
ST Debt
51
52
54
Deferred Revenue
- -
- -
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.76%
13.98%
1.47%
Free Cash Flow
11.7%
-4.93%
-7.25%
Net Income, GAAP
12.18%
-3.64%
-43.08%
Sales/Revenue/Turnover
9.28%
13.09%
16.33%
Total Cash Common Dividend
39.79%
79.29%
3.1%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
156
167
168
180
671
2025
184
197
197
203
781
2026
198
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.46
0.37
0.49
1.76
2025
0.85
0.5
0.34
-0.7
0.99
2026
-0.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.44
0.44
1.76
2025
- -
- -
0.45
0.45
1.8
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Christopher J. Reading
Full Time Employees
4,034
Sector
Healthcare
Industry
Medical - Care Facilities
Address
1300 West Sam Houston Parkway South Houston TX United States of America 77042
IPO Date
May 29, 1992
Website
usph.com
Business
U.S. Physical Therapy, Inc. U.S. Physical Therapy, Inc. (NYSE: USPH) operates as one of the largest publicly traded providers of outpatient physical and occupational therapy clinics across the United States, delivering pre- and post-operative care for orthopedic-related disorders and sports-related injuries; treatment for neurologically-impaired patients; rehabilitation services for injured workers; and management of physical therapy facilities for third parties such as hospitals and physician groups. Founded in 1990 and headquartered in Houston, Texas, the company also maintains an industrial injury prevention segment through its subsidiary, offering onsite services including injury prevention programs, rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments to corporate clients nationwide. Its clinics, numbering in the hundreds across more than 40 states, primarily serve patients covered by managed care plans, commercial health insurance, Medicare/Medicaid, workers' compensation, and personal injury proceeds. In recent developments, U.S. Physical Therapy, Inc. acquired a 50% equity interest in Metro Physical & Aquatic Therapy's management services organization for approximately $76.5 million plus a potential $20 million earnout in late 2024, marking its entry into the New York market with a high-growth operator generating $64 million in annual revenue; completed the purchase of a 50-clinic physical therapy practice and multiple smaller acquisitions such as nine-clinic, eight-clinic, and three-clinic practices in 2024 and 2025; and reported industrial injury prevention revenue growth of 14.6% in the third quarter of 2025, alongside ongoing expansions through satellite clinic developments and partnerships.

Company News

APIChat
  • U.S. Physical Therapy: The Valuation Reset Changes The Story (Rating Upgrade)

  • U.S. Physical Therapy Presented at the BofA Securities 2026 Healthcare Conference

  • U.S. Physical Therapy, Inc. (USPH) Q1 2026 Earnings Call Transcript

  • U.S. Physical Therapy (USPH) Q1 Earnings and Revenues Lag Estimates

  • Here's What Key Metrics Tell Us About U.S. Physical Therapy (USPH) Q1 Earnings

  • U.S. Physical Therapy Reports Record First Quarter Revenue, Reaffirms Full Year Guidance

  • U.S. Physical Therapy, Inc. Schedules First Quarter 2026 Earnings Release and Conference Call Dates

  • U.S. Physical Therapy Announces $450 Million Credit Facility

  • JPMorgan Chase & Co. Purchases 56,752 Shares of U.S. Physical Therapy, Inc. $USPH

  • Analysts Set U.S. Physical Therapy, Inc. (NYSE:USPH) Target Price at $104.50

  • U.S. Physical Therapy Presented at the Barclays 28th Annual Global Healthcare Conference

  • $9 Million Exit: Investor Dumps 110,000 Shares of U.S. Physical Therapy as Stock Lags Broader Market

  • Wall Street Analysts Believe U.S. Physical Therapy (USPH) Could Rally 26.52%: Here's is How to Trade

  • U.S. Physical Therapy, Inc. (USPH) Q4 2025 Earnings Call Transcript

  • U.S. Physical Therapy Reports Fourth Quarter and Full Year 2025 Results

  • U.S. Physical Therapy, Inc. Schedules Fourth Quarter and Year Ended December 31, 2025 Earnings Release and Conference Call Dates

  • U.S. Physical Therapy Announces the Acquisition of an Industrial Injury Prevention Business

  • U.S. Physical Therapy Announces Strategic Alliance with NYU Langone Health

  • U.S. Physical Therapy (NYSE:USPH) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

  • U.S. Physical Therapy Presented at the J.P. Morgan 2026 Healthcare Conference