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USPH (U.S. Physical Therapy, Inc.) Stock Financials & Earnings | Market Cap Arena
USPH
U.S. Physical Therapy, Inc.
Mkt Cap
$1B
Healthcare
·
Medical - Care Facilities
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$683M
Net Income (TTM)
$15M
EPS (TTM)
$1.42
Free Cash Flow (TTM)
$61M
Gross Margin
22.2%
Op. Margin
13.4%
Net Margin
2.3%
FCF Margin
8.9%
P/S Ratio (TTM)
1.8x
P/E Ratio (TTM)
79.9x
YoY Rev Growth
+1.8%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$149M
$31M
$17M
Q2 23
$151M
$32M
$20M
Q3 23
$150M
$28M
$16M
Q4 23
$155M
$31M
-$880K
Q1 24
$156M
$28M
$15M
Q2 24
$167M
$34M
$16M
Q3 24
$168M
$29M
$15M
Q4 24
$180M
$34M
$15M
Q1 25
$153M
$31M
$20M
Q2 25
$164M
$42M
$25M
Q3 25
$164M
$37M
$25M
Q4 25
$203M
$42M
$22M
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.2x
45.3x
Q2 23
2.1x
51.6x
Q3 23
2.1x
57.2x
Q4 23
2.0x
83.9x
Q1 24
2.0x
89.5x
Q2 24
2.0x
97.8x
Q3 24
1.9x
110.9x
Q4 24
1.8x
46.5x
Q1 25
1.8x
41.4x
Q2 25
1.9x
38.9x
Q3 25
1.9x
36.9x
Q4 25
1.8x
79.9x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$11M
$9M
Q2 23
$27M
$25M
Q3 23
$16M
$14M
Q4 23
$27M
$25M
Q1 24
$4M
$3M
Q2 24
$29M
$27M
Q3 24
$22M
$20M
Q4 24
$19M
$17M
Q1 25
-$5M
-$7M
Q2 25
$35M
$32M
Q3 25
$20M
$16M
Q4 25
$25M
$21M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$2M
Q2 23
$2M
Q3 23
$3M
Q4 23
$2M
Q1 24
$2M
Q2 24
$2M
Q3 24
$3M
Q4 24
$2M
Q1 25
$3M
Q2 25
$3M
Q3 25
$4M
Q4 25
$4M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+12.8%
+12.7%
Q2 23
+7.7%
+9.0%
Q3 23
+7.5%
+7.6%
Q4 23
+9.6%
+15.8%
Q1 24
+4.8%
+7.0%
Q2 24
+10.4%
+15.4%
Q3 24
+12.0%
+14.3%
Q4 24
+16.6%
+6.6%
Q1 25
-2.0%
-5.6%
Q2 25
-1.8%
-8.2%
Q3 25
-2.4%
-9.5%
Q4 25
+12.3%
+8.9%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$2M
1.2%
Q2 23
$2M
1.2%
Q3 23
$2M
1.2%
Q4 23
$2M
1.2%
Q1 24
$2M
1.3%
Q2 24
$0
0.0%
Q3 24
$2M
1.1%
Q4 24
$2M
1.1%
Q1 25
$2M
1.2%
Q2 25
$2M
1.3%
Q3 25
$2M
1.4%
Q4 25
$2M
1.0%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$14M
Q2 23
$12M
Q3 24
$14M
Q4 24
$16M
Q1 25
$16M
Q2 25
$17M
marketcaparena.com
Revenue Segments
Net Patient Revenues
Other Revenues Including Management Contract Revenues and Industrial Injury Prevention Services Revenues
Quarter
Net Patient Revenues
Other Revenues Including Management Contract Revenues and Industrial Injury Prevention Services Revenues
Q1 24
$131M
$25M
Q2 24
$140M
$27M
Q3 24
$139M
$29M
Q4 24
$150M
$30M
Q4 25
$170M
$33M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$33M
$0
$33M
Q2 23
$161M
$0
$161M
Q3 23
$148M
$0
$148M
Q4 23
$153M
$0
$153M
Q1 24
$132M
$0
$132M
Q2 24
$113M
$0
$113M
Q3 24
$117M
$0
$117M
Q4 24
$41M
$0
$41M
Q1 25
$39M
$0
$39M
Q2 25
$34M
$0
$34M
Q3 25
$31M
$0
$31M
Q4 25
$36M
$0
$36M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
13M
+0.2%
Q2 23
14M
+5.3%
Q3 23
15M
+9.2%
Q4 23
15M
+0.0%
Q1 24
15M
+0.2%
Q2 24
15M
+0.4%
Q3 24
15M
+0.0%
Q4 24
15M
-0.1%
Q1 25
15M
+0.5%
Q2 25
15M
+0.4%
Q3 25
15M
+0.0%
Q4 25
15M
-0.2%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$97K
3K
FY 15
$97K
3K
FY 16
$94K
4K
FY 17
$96K
4K
FY 18
$99K
5K
FY 19
$89K
5K
FY 20
$91K
5K
FY 21
$90K
6K
FY 22
$90K
6K
FY 23
$90K
7K
FY 24
$96K
7K
FY 25
$107K
7K
marketcaparena.com