USPH
Company Description
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.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 780.99M | 671.35M | 604.80M | 553.14M | 495.02M | 422.97M | 481.97M | 453.91M | 414.05M | 356.55M | 331.30M | 305.07M |
| Net Income | 15.06M | 26.46M | 14.67M | 28.27M | 27.82M | 30.56M | 28.15M | 10.10M | 22.26M | 20.55M | 22.28M | 19.77M |
| EPS | 1.42 | 1.84 | 1.28 | 3.34 | 4.49 | 4.09 | 4.49 | 0.80 | 1.76 | 1.64 | 1.77 | 1.62 |
| Free Cash Flow | 60.99M | 65.75M | 72.68M | 50.29M | 68.20M | 92.36M | 52.26M | 65.81M | 49.43M | 42.79M | N/A | N/A |
| FCF / Share | 4.02 | 4.36 | 5.12 | 3.87 | 5.29 | 7.20 | 4.10 | 5.20 | 3.93 | 3.42 | N/A | N/A |
| Operating CF | 75.06M | 74.94M | 81.98M | 58.54M | 76.41M | 100.00M | 62.45M | 73.00M | 56.53M | 51.05M | N/A | N/A |
| Total Assets | 1.20B | 1.17B | 997.24M | 858.15M | 749.43M | 594.36M | 560.85M | 443.17M | 418.98M | 351.23M | N/A | N/A |
| Total Debt | 425.74M | 295.23M | 258.59M | 295.34M | 223.08M | 110.99M | 137.83M | 39.84M | 60.77M | 51.82M | N/A | N/A |
| Cash & Equiv | 35.57M | 41.36M | 152.82M | 31.59M | 28.57M | 32.92M | 23.55M | 23.37M | 21.93M | 20.05M | N/A | N/A |
| Book Value | 476.43M | 488.93M | 476.19M | 315.79M | 295.61M | 276.16M | 240.26M | 215.94M | 204.87M | 187.55M | N/A | N/A |
| Return on Equity | 0.03 | 0.05 | 0.03 | 0.09 | 0.09 | 0.11 | 0.12 | 0.05 | 0.11 | 0.11 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 198.29M | 202.73M | 164.02M | 164.18M | 152.55M | 180.45M | 168.03M | 167.19M | 155.68M | 154.80M | 150.01M | 151.49M |
| Net Income | (4.33M) | (10.55M) | 7.24M | 8.81M | 9.90M | 7.44M | 5.53M | 6.88M | 6.61M | (7.92M) | 7.01M | 8.05M |
| EPS | -0.12 | -0.44 | 0.48 | 0.58 | 0.80 | 0.52 | 0.39 | 0.47 | 0.46 | -0.38 | 0.51 | 0.64 |
| Free Cash Flow | (1.37M) | 21.01M | 15.62M | 31.61M | (7.25M) | 16.92M | 19.60M | 26.82M | 2.58M | 24.61M | 13.81M | 24.97M |
| FCF / Share | -0.09 | 1.38 | 1.03 | 2.08 | -0.48 | 1.12 | 1.30 | 1.78 | 0.17 | 1.64 | 0.92 | 1.82 |
| Operating CF | 4.00M | 24.93M | 19.94M | 34.86M | (4.67M) | 19.41M | 22.12M | 29.16M | 4.42M | 26.84M | 16.36M | 27.43M |
| Total Assets | 1.24B | 1.20B | 1.20B | 1.18B | 1.18B | 1.17B | 1.03B | 1.02B | 1.02B | 997.24M | 1.01B | 999.58M |
| Total Debt | 362.83M | 425.74M | 308.40M | 305.40M | 307.31M | 295.23M | 254.35M | 258.97M | 256.35M | 258.59M | 260.38M | 261.18M |
| Cash & Equiv | 28.44M | 35.57M | 31.10M | 34.09M | 39.18M | 41.36M | 116.96M | 112.91M | 132.29M | 152.82M | 147.69M | 160.74M |
| Book Value | 468.98M | 476.43M | 503.57M | 500.75M | 497.26M | 488.93M | 482.76M | 484.57M | 479.77M | 476.19M | 491.97M | 488.50M |
| Return on Equity | -0.01 | -0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | -0.02 | 0.01 | 0.02 |
