USPH - NYSE
U.S. Physical Therapy, Inc.
$61.87
-1.0%U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. It operates through two segments, Physical Therapy Operations and Industrial Injury Prevention Services. The company offers industrial injury prevention services, including onsite injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments through physical therapists and specialized certified athletic trainers for Fortune 500 companies, and other clients comprising insurers and their contractors. As of December 31, 2021, it operated 591 clinics in 39 states; and managed 35 physical therapy practice facilities. The company was founded in 1990 and is based in Houston, Texas.
At a Glance
Live SnapshotU.S. Physical Therapy, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Effective Tax Rate
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
U.S. Physical Therapy, Inc. Income Statement
USPH • NYSE
| U.S. Physical Therapy, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
781M | 671.3M | 604.8M | 553.1M | 495M | 423M | 482M | 453.9M | 414.1M | 356.5M | 331.3M | 305.1M | 264.1M | 252.1M | 237M | 211.2M | 201.4M | 187.7M | 151.7M | 135.2M | |
GROSS PROFIT | ||||||||||||||||||||
(623.7M) | (547.4M) | (483.3M) | (441.1M) | (377.8M) | (328.5M) | (369.5M) | (352.2M) | (323.4M) | (274.5M) | (252.9M) | (228.9M) | (199.4M) | (189.5M) | (172.5M) | (151.8M) | (146.2M) | (140.1M) | (114.3M) | (99.4M) | |
157.3M | 123.9M | 121.5M | 112M | 117.2M | 94.5M | 112.5M | 101.7M | 90.6M | 82M | 78.4M | 76.2M | 64.7M | 62.6M | 64.5M | 59.4M | 55.2M | 47.6M | 37.4M | 35.8M | |
OPERATING INCOME | ||||||||||||||||||||
(76.9M) | (60.7M) | (69.4M) | (55.2M) | (46.5M) | (42M) | (45M) | (41.3M) | (35.9M) | (32.5M) | (31.1M) | (30.4M) | (25.9M) | (24.8M) | (28.6M) | (26.2M) | (26.7M) | (23.7M) | (17.3M) | (17.2M) | |
(0.0) | (58.3M) | (0.0) | (46.1M) | (46.5M) | (42M) | (45M) | (41.3M) | (35.9M) | (32.5M) | (31.1M) | (30.4M) | (25.9M) | (24.8M) | (24.8M) | (23M) | (23.4M) | (23.7M) | (17.3M) | (17.2M) | |
80.4M | 63.2M | 52.1M | 56.8M | 70.6M | 52.4M | 67.4M | 60.3M | 54.7M | 49.5M | 47.3M | 45.8M | 38.8M | 37.8M | 35.9M | 33.2M | 28.4M | 23.9M | 20M | 18.6M | |
PRE-TAX INCOME | ||||||||||||||||||||
(9.5M) | (8M) | (9.3M) | (5.8M) | (942K) | (1.6M) | (2.1M) | (2M) | (21.1M) | (11.5M) | (7.2M) | (7.5M) | (538K) | (557K) | (496K) | (236K) | (352K) | (542K) | (301K) | (0.0) | |
-9.4M | -4.1M | -5.5M | -5.8M | -942K | -1.5M | -2M | -1.9M | -21M | -11.4M | -7.2M | -7.4M | -531K | -551K | 4.9M | 350K | -344K | -282K | -28K | 332K | |
(76.9M) | (2.4M) | (69.4M) | (9.1M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (3.8M) | (3.2M) | (3.3M) | (0.0) | (0.0) | (0.0) | |
-2.6M | -3M | -2.7M | -1.2M | 2.5M | 13.1M | 3.5M | -103K | -21M | -11.4M | -7.2M | -1.1M | -531K | 52K | 446K | 350K | -344K | -282K | -5.8M | -5.3M | |
77.8M | 60.2M | 49.4M | 55.6M | 73.2M | 65.5M | 70.9M | 60.2M | 33.8M | 38.1M | 46.3M | 44.7M | 38.2M | 37.3M | 40.9M | 33.5M | 28.1M | 16.5M | 14.3M | 13.3M | |
NET INCOME | ||||||||||||||||||||
(19.8M) | (14.6M) | (12.2M) | (12.2M) | (15.3M) | (13M) | (13.6M) | (11.4M) | (6M) | (11.9M) | (14.7M) | (14.3M) | (12.2M) | (11M) | (11.1M) | (8.8M) | (8.1M) | (6.5M) | (5.5M) | (5.1M) | |
15.1M | 26.5M | 14.7M | 28.3M | 27.8M | 30.6M | 28.1M | 10.1M | 22.3M | 20.6M | 22.3M | 19.8M | 12.7M | 17.9M | 21M | 15.6M | 11.8M | 10M | 8.9M | 6.3M |
SEC Filings
USPH - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 16, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 15, 2026 | April 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 13, 2026 | March 09, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 09, 2026 | March 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 03, 2026 | February 26, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 |
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