U.S. Physical Therapy, Inc. (USPH)
NYSE: USPH · Real-Time Price · USD
78.27
+0.95 (1.23%)
Aug 26, 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
804.27773.34664.43598.63547.6489.72
Revenue Growth
11.36%16.39%10.99%9.32%11.82%17.06%
Gross Profit
172.65171.02146.13136.64126.04117.18
Operating Income
79.6180.769.9969.7365.9970.65
Net Income
2.6621.5727.7318.1429.2631.14
Earnings Per Share
0.181.421.841.282.252.41
EPS Growth
-92.32%-22.77%43.97%-43.27%-6.49%-2.66%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Physical Therapy Operations
684.11659.03567.53520.42470.58445.87
Industrial Injury Prevention Services
120.17114.3296.978.2177.0243.84
Total
804.27773.34664.43598.63547.6489.72

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
26.2636.3143.11155.4934.4528.57
Total Debt
385.79315.17295.23258.59295.34223.08
Net Cash (Debt)
-359.53-278.85-252.12-103.1-260.89-194.51
Net Cash Growth
------
Net Cash Per Share
-23.73-18.38-16.74-7.27-20.09-15.08

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
21.47%22.12%21.99%22.83%23.02%23.93%
Operating Margin
9.90%10.44%10.53%11.65%12.05%14.43%
Pretax Margin
8.39%10.06%9.06%8.25%10.15%14.95%
Profit Margin
0.33%2.79%4.17%3.03%5.34%6.36%
FCF Margin
7.97%7.89%9.90%12.14%9.18%13.93%

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
2.23%2.27%2.33%4.88%12.33%356.25%
Dividend Yield
2.35%2.35%2.07%1.96%2.19%1.68%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
445.8355.0448.2976.9536.0039.61
Forward PE
26.0627.6732.9334.0229.1530.02
P/FCF Ratio
18.2319.4720.3619.2020.9518.09
PS Ratio
1.451.542.022.331.922.52