U.S. Physical Therapy, Inc. (USPH)
NYSE: USPH · Real-Time Price · USD
76.46
-1.25 (-1.61%)
Aug 6, 2026, 4:00 PM EDT - Market closed

U.S. Physical Therapy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
812.2780.99671.35604.8553.14495.02
Revenue Growth
11.32%16.33%11.00%9.34%11.74%17.04%
Gross Profit
151.7149.69123.92121.51112.02117.18
Operating Income
76.5286.6862.9950.5156.870.65
Net Income
32.2339.5831.4228.2432.1640.83
Earnings Per Share
0.351.421.841.282.252.41
EPS Growth
-86.49%-22.83%43.75%-43.11%-6.64%-2.82%

Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Physical Therapy Operations
659.03567.53520.42470.58445.87
Industrial Injury Prevention Services
114.3296.978.2177.0243.84
Total
773.34664.43598.63547.6489.72

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
24.8935.5741.36152.8331.5928.57
Total Debt
385.79315.17295.23258.59295.34223.08
Net Cash (Debt)
-360.9-279.6-253.87-105.76-263.74-194.51
Net Cash Growth
------
Net Cash Per Share
-23.83-18.42-16.85-7.45-20.31-15.08

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
83.0575.0674.9481.9858.5476.41
Capital Expenditures
-18.98-14.07-9.19-9.29-8.25-8.2
Free Cash Flow
64.0760.9965.7572.6850.2968.21
Free Cash Flow Growth
5.25%-7.25%-9.53%44.53%-26.27%-26.15%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
18.68%19.17%18.46%20.09%20.25%23.67%
Operating Margin
9.42%11.10%9.38%8.35%10.27%14.27%
Pretax Margin
8.30%9.96%8.97%8.16%10.05%14.79%
Profit Margin
6.14%7.43%6.79%6.15%7.85%11.70%
FCF Margin
7.89%7.81%9.79%12.02%9.09%13.78%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.8401.8001.7601.7201.6401.460
Dividend Per Share Growth
2.25%2.27%2.33%4.88%12.33%356.25%
Dividend Yield
2.41%2.31%1.99%1.83%2.03%1.52%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
428.9754.9948.2172.7736.0139.65
Forward PE
22.6927.6732.9334.0229.1530.02
P/FCF Ratio
17.8119.3620.3619.2020.9518.09
PS Ratio
1.421.511.992.311.902.49