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U.S. Physical Therapy(NYSE) USPH

Market Cap$1.18BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1992)+4,056%
5 Year-21%
1 Year-4%
1 Month+6%
$78.94
-0.34%
-0.27Today
U.S. Physical Therapy last closing stock price
MetricPriceDate
Last closeUSD 79.212026-08-19
U.S. Physical Therapy stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.34%USD 81.952026-08-12
1 month+6.44%USD 74.422026-07-20
3 month+26.96%USD 62.392026-05-21
Year to date+2.79%USD 77.062025-12-31
1 year-4.18%USD 82.662025-08-19
3 year-17.58%USD 96.112023-08-18
5 year-20.64%USD 99.812021-08-20
Since inception+4,055.54%USD 1.911992-05-28

U.S. Physical Therapy Financials at a Glance

Market Cap

$1.18BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$779.10M

Net Income (TTM)

-$6.03M

EPS (TTM)

$0.17

P/E Ratio

467.87

Dividend

$1.82

Beta (Volatility)

0.78 (Low)

Price

$78.94

Volume

55,845.996

Open

$78.29

Previous Close

$79.21

Daily Range

$78.20 - $79.53

52-Week Range

$58.19 - $93.50

Estimated Earnings Date

Nov 4, 2026

USPH News

SellAlert-Red.png

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

Jonathan PoncianoMar 4, 2026
BuyAlert-Purple.png

4D Advisors Initiated a Big Position in USPH Worth Over $9 Million. Is the Stock a Buy?

Robert IzquierdoDec 9, 2025
SellAlert-Green.png

4D Advisors Offloads $7.6 Million in Masimo (MASI) Stock, Selling 45,000 Shares

Cory RenauerNov 16, 2025
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USPH EPS Drops 20 Percent on Miss

Motley Fool Markets TeamAug 7, 2025
GettyImages-1288161696

Binge Watching Dopesick? Here Are 3 Stocks That Involve an Opioid-Free Recovery

Patrick BafumaNov 3, 2021
GettyImages-1191646880

2 Stocks I'd Avoid at All Costs

Alex CarchidiFeb 20, 2021

Why the Street Should Love US Physical Therapy's Earnings

Seth JaysonJun 20, 2013

US Physical Therapy Misses Where it Counts

Seth JaysonMay 10, 2013
Page 1

USPH: Motley Fool Moneyball Superscore

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About U.S. Physical Therapy

U.S. Physical Therapy helps people recover from sports and bone injuries. They run clinics that provide therapy after surgeries or accidents. The company also helps big employers prevent workplace injuries.

Recovery and Prevention Services

  • Physical Therapy Operations: Clinical care for orthopedic disorders, sports injuries, and worker rehabilitation; includes speech and occupational therapy across 780 clinics.
  • Industrial Injury Prevention: Onsite services for large employers such as ergonomic assessments and performance optimization; focuses on musculoskeletal health for the workforce.
  • Management Contracts: Administrative and staffing services provided to hospital-owned therapy practices; managed 34 facilities as of December 31, 2025.

Recent Moves to Grow

  • Acquired a 60% stake in a three-clinic practice in July 2025.
  • Purchased a home care practice specializing in speech and occupational therapy through MSO Metro LLC in April 2025.
  • Added 50 clinic locations through a single acquisition in October 2024.
  • Implemented a new Enterprise Resource Planning system to standardize human resources and accounting functions across the business.

What Makes the Model Unique

The company operates through a partnership model where local therapists typically retain a non-controlling ownership interest in their clinics. This structure combines local clinical expertise and physician relationships with national resources for billing, purchasing, and regulatory compliance.

The Latest Financial Results

  • Revenue reached $202.7 million in Q4 2025, up 12.3% from Q4 2024.
  • Operating income hit $22 million in Q4 2025, up 51.4% year-over-year.
  • Net income dropped to -$10.5 million in Q4 2025, a 241.8% decrease that worsened from the prior year.
  • Free cash flow rose to $21 million in Q4 2025, up 24.1% from Q4 2024.

Bottom Line

U.S. Physical Therapy has evolved from a small clinic operator into a national healthcare provider with 780 locations across 44 states. Its dual focus on outpatient clinical care and industrial injury prevention allows it to serve both individual patients and large corporate clients.

AI Generated • May 2, 2026

Industry

Healthcare Providers and Services

Sector

Health Care

Employees

7,294

CEO

Christopher J. Reading

Website

www.usph.com

Headquarters

Houston, TX 77042, US

USPH Financials

Key Financial Metrics (TTM)

Gross Margin

19.17%

Operating Margin

10.81%

Net Income Margin

-0.77%

Return on Equity

-1.27%

Return on Capital

8.92%

Return on Assets

-0.48%

Earnings Yield

0.21%

Dividend Yield

2.30%

Payout Ratio

-4.57%

Stock Overview

Market Cap

$1.18BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

14.92M

Volume

55.85K

Avg. Volume

225.66K

Financials (TTM)

Gross Profit

$149.37M

Operating Income

$84.23M

EBITDA

$100.30M

Operating Cash Flow

$83.05M

Capital Expenditure

-$18.98M

Free Cash Flow

$64.07M

Cash & ST Invst.

$24.89M

Total Debt

$385.79M

U.S. Physical Therapy Performance Analysis

U.S. Physical Therapy annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 553,144,00011.7%
20232023-12-31USD 604,802,0009.3%
20242024-12-31USD 671,345,00011.0%
20252025-12-31USD 780,990,00016.3%
U.S. Physical Therapy sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-0.1%
Q42025-12-3123.6%
Q12026-03-31-2.2%
Q22026-06-308.0%
U.S. Physical Therapy annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.25-6.7%
20232023-12-31USD 1.28-43.3%
20242024-12-31USD 1.8444.0%
20252025-12-31USD 1.42-22.8%
U.S. Physical Therapy sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-17.2%
Q42025-12-31-191.7%
Q12026-03-3172.7%
Q22026-06-30308.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$214.06M

+30.4%

Gross Profit

$41.94M

+0.8%

Gross Margin

19.59%

N/A

Market Cap

$1.18BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$185.45K

N/A

Employees

6,374

N/A

Net Income

$1.60M

-81.8%

EBITDA

$27.89M

-10.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$24.89M

-27.0%

Total Debt

$385.79M

+26.3%

Accounts Receivable

$98.16M

+5.1%

Inventory

$0.00

N/A

Long Term Debt

$338.36M

+32.1%

Short Term Debt

$47.43M

-3.6%

Return on Assets

-0.48%

N/A

Return on Invested Capital

7.40%

N/A

Free Cash Flow

$28.81M

-8.9%

Operating Cash Flow

$34.18M

-2.0%

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Questions About USPH

What is the current price of U.S. Physical Therapy?

U.S. Physical Therapy is trading at $78.94 per share.

What is the 52-week range for U.S. Physical Therapy?

Over the past 52 weeks, U.S. Physical Therapy has traded between $58.19 and $93.50.

How much debt does U.S. Physical Therapy have?

As of the most recent reporting period, U.S. Physical Therapy reported total debt of $385.79M.

How much cash does U.S. Physical Therapy have on hand?

U.S. Physical Therapy reported $24.89M in cash and cash equivalents in its most recent financial results.

What is U.S. Physical Therapy’s dividend yield?

U.S. Physical Therapy currently has a dividend yield of 2.30%.

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