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US Physical Therapy/$USPH

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About US Physical Therapy

US Physical Therapy Inc through its subsidiaries operate 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. The principal payment sources for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.
Ticker
$USPH
Sector
Health
Primary listing
NYSE
Employees
6,374

USPH Metrics

BasicAdvanced
$1.3B
488.89
$0.18
1.13
$1.83
2.14%

What the Analysts think about USPH

Analyst ratings (Buy, Hold, Sell) for US Physical Therapy stock.
Analyst projections of the future price of US Physical Therapy stock.

Bulls say / Bears say

Q2 revenue rose 8.5%, with patient visits up 6.6% and revenue per visit up 2.1% to $107.59. Average daily visits per clinic reached a record, showing stronger traffic and pricing in the core business. (SEC)
Hospital partnerships could add a further growth leg as they move from set-up to full operation: 31 clinics had been integrated by quarter-end, with another 39 due to transition in Q3. The initial rollout contributed $5.6 million of Q2 revenue, and management expects the affiliations to support growth in the second half. (The Motley Fool)
USPH is expanding through acquisitions, with three 2026 deals representing about $27 million of annualised revenue for a combined purchase price of $37.6 million. The latest 12-clinic practice adds a new state and about $12 million in annual revenue. (Nasdaq, U.S. Physical Therapy)
Revenue growth has not yet translated into stronger reported earnings: Q2 net income attributable to USPH shareholders fell to $9.9 million from $12.4 million a year earlier. Physical therapy margin also narrowed year on year, leaving the quality of growth a concern. (SEC)
Unusually high employee medical claims and costs to staff hospital-affiliation launches are weighing on margins. Management put the year-to-date claims-related cost swing at about $3.2 million, while adjusted salaries and related costs rose to 57.5% of Q2 revenue from 56.4%. (The Motley Fool)
Reimbursement remains exposed to payer decisions: a policy change by a large Michigan payer reduced USPH’s net rate by about $0.30 per visit in Q2. That illustrates how insurer terms can offset gains in visit volumes and rates elsewhere. (Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 17 Oct 2026.

USPH Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

USPH Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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