USPH
U.S. Physical Therapy, Inc.
NYSE: USPH · HEALTHCARE · MEDICAL CARE FACILITIES
$59.42
+0.22% today
Updated 2026-05-11
Market cap
$904.30M
P/E ratio
118.84
P/S ratio
1.15x
EPS (TTM)
$0.50
Dividend yield
3.05%
52W range
$58 – $92
Volume
0.2M
U.S. Physical Therapy, Inc. (USPH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.19M | $151.69M | $187.69M | $201.41M | $211.23M | $237.01M | $252.09M | $264.06M | $305.07M | $331.30M | $356.55M | $414.05M | $453.91M | $481.97M | $422.97M | $495.02M | $553.14M | $604.80M | $671.35M | $780.99M |
| Revenue growth (YoY) | — | +12.2% | +23.7% | +7.3% | +4.9% | +12.2% | +6.4% | +4.7% | +15.5% | +8.6% | +7.6% | +16.1% | +9.6% | +6.2% | -12.2% | +17.0% | +11.7% | +9.3% | +11.0% | +16.3% |
| Cost of revenue | $99.35M | $114.33M | $140.08M | $146.24M | $151.82M | $172.51M | $189.50M | $199.36M | $228.91M | $252.94M | $274.53M | $323.43M | $352.25M | $369.50M | $328.52M | $377.84M | $441.12M | $483.29M | $547.42M | $623.65M |
| Gross profit | $35.84M | $37.36M | $47.60M | $55.17M | $59.42M | $64.49M | $62.59M | $64.70M | $76.17M | $78.36M | $82.01M | $90.62M | $101.66M | $112.47M | $94.45M | $117.18M | $112.02M | $121.51M | $123.92M | $157.34M |
| Gross margin | 26.5% | 24.6% | 25.4% | 27.4% | 28.1% | 27.2% | 24.8% | 24.5% | 25.0% | 23.7% | 23.0% | 21.9% | 22.4% | 23.3% | 22.3% | 23.7% | 20.3% | 20.1% | 18.5% | 20.1% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $17.25M | $17.33M | $23.73M | $23.39M | $22.99M | $24.78M | $24.78M | $25.93M | $30.40M | $31.07M | $32.48M | $35.89M | $41.35M | $45.05M | $42.04M | $46.53M | $46.11M | $51.95M | $58.29M | — |
| Operating income | $18.60M | $20.04M | $23.88M | $28.43M | $33.19M | $35.93M | $37.80M | $38.77M | $45.77M | $47.29M | $49.53M | $54.73M | $60.31M | $67.42M | $52.41M | $70.65M | $56.80M | $52.06M | $63.21M | $80.43M |
| Operating margin | 13.8% | 13.2% | 12.7% | 14.1% | 15.7% | 15.2% | 15.0% | 14.7% | 15.0% | 14.3% | 13.9% | 13.2% | 13.3% | 14.0% | 12.4% | 14.3% | 10.3% | 8.6% | 9.4% | 10.3% |
| EBITDA | $23.09M | $25.02M | $30.10M | $34.16M | $39.44M | $46.83M | $43.10M | $44.34M | $52.53M | $55.33M | $58.41M | $64.53M | $72.01M | $83.08M | $77.68M | $85.73M | $76.09M | $74.37M | $86.91M | $109.66M |
| EBITDA margin | 17.1% | 16.5% | 16.0% | 17.0% | 18.7% | 19.8% | 17.1% | 16.8% | 17.2% | 16.7% | 16.4% | 15.6% | 15.9% | 17.2% | 18.4% | 17.3% | 13.8% | 12.3% | 12.9% | 14.0% |
| EBIT | $18.60M | $20.04M | $24.14M | $28.26M | $33.78M | $41.38M | $37.81M | $38.78M | $45.79M | $47.38M | $49.63M | $54.82M | $62.25M | $72.98M | $67.15M | $74.14M | $61.35M | $58.68M | $68.22M | $87.27M |
| Interest expense | $0.00 | $301000.00 | $542000.00 | $352000.00 | $236000.00 | $496000.00 | $557000.00 | $538000.00 | $7.45M | $7.24M | $11.48M | $21.06M | $2.04M | $2.08M | $1.63M | $942000.00 | $5.78M | $9.30M | $8.02M | $9.46M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $6.30M | $8.89M | $10.00M | $11.77M | $15.64M | $20.97M | $17.93M | $12.72M | $19.77M | $22.28M | $20.55M | $22.26M | $10.10M | $28.15M | $30.56M | $27.82M | $28.27M | $14.67M | $26.46M | $15.06M |
| Net income growth (YoY) | — | +41.2% | +12.5% | +17.6% | +33.0% | +34.1% | -14.5% | -29.1% | +55.4% | +12.7% | -7.8% | +8.3% | -54.6% | +178.6% | +8.6% | -9.0% | +1.6% | -48.1% | +80.3% | -43.1% |
| Profit margin | 4.7% | 5.9% | 5.3% | 5.8% | 7.4% | 8.8% | 7.1% | 4.8% | 6.5% | 6.7% | 5.8% | 5.4% | 2.2% | 5.8% | 7.2% | 5.6% | 5.1% | 2.4% | 3.9% | 1.9% |