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U.S. Physical Therapy, Inc.NYSE:USPH Stock Report

Market Cap US$972.3m
Share Price
US$64.26
US$93.67
31.4% undervalued intrinsic discount
1Y-14.3%
7D3.7%
1D
Portfolio Value
View

U.S. Physical Therapy, Inc.

NYSE:USPH Stock Report

Market Cap: US$972.3m

USPH Community Fair Values

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U.S. Physical Therapy, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for U.S. Physical Therapy
Historical stock prices
Current Share PriceUS$64.26
52 Week HighUS$93.50
52 Week LowUS$58.19
Beta1.2
1 Month Change-10.14%
3 Month Change-22.54%
1 Year Change-14.31%
3 Year Change-39.38%
5 Year Change-46.40%
Change since IPO2,559.03%

Recent News & Updates

Seeking Alpha May 22

U.S. Physical Therapy: The Valuation Reset Changes The Story (Rating Upgrade)

Summary U.S. Physical Therapy, Inc. has seen valuation multiples compress significantly despite continued revenue growth and new strategic initiatives. U.S. Physical Therapy reported Q1 2026 revenue of $198.3M (+7.9% YoY) but missed EPS expectations due to higher costs from acquisitions and clinic startups. Management is pursuing hospital partnerships and shifting toward private insurance, aiming to boost clinic utilization and reduce reliance on Medicare/Medicaid. I now rate U.S. Physical Therapy as hold, reflecting improved risk/reward at current valuation but acknowledging persistent structural challenges and margin pressures. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha May 22

U.S. Physical Therapy: The Valuation Reset Changes The Story (Rating Upgrade)

Summary U.S. Physical Therapy, Inc. has seen valuation multiples compress significantly despite continued revenue growth and new strategic initiatives. U.S. Physical Therapy reported Q1 2026 revenue of $198.3M (+7.9% YoY) but missed EPS expectations due to higher costs from acquisitions and clinic startups. Management is pursuing hospital partnerships and shifting toward private insurance, aiming to boost clinic utilization and reduce reliance on Medicare/Medicaid. I now rate U.S. Physical Therapy as hold, reflecting improved risk/reward at current valuation but acknowledging persistent structural challenges and margin pressures. Read the full article on Seeking Alpha
Analysis Article Sep 12

These 4 Measures Indicate That U.S. Physical Therapy (NYSE:USPH) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Aug 02

Pinning Down U.S. Physical Therapy, Inc.'s (NYSE:USPH) P/E Is Difficult Right Now

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Analysis Article Jul 11

U.S. Physical Therapy (NYSE:USPH) Is Reinvesting At Lower Rates Of Return

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analysis Article Jun 10

Here's Why U.S. Physical Therapy (NYSE:USPH) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article May 14

Here's Why It's Unlikely That U.S. Physical Therapy, Inc.'s (NYSE:USPH) CEO Will See A Pay Rise This Year

Key Insights U.S. Physical Therapy's Annual General Meeting to take place on 20th of May CEO Chris Reading's total...
Analysis Article Mar 24

Should You Think About Buying U.S. Physical Therapy, Inc. (NYSE:USPH) Now?

U.S. Physical Therapy, Inc. ( NYSE:USPH ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article Mar 01

U.S. Physical Therapy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that U.S. Physical Therapy, Inc. ( NYSE:USPH ) released its yearly result to the market...
Analysis Article Feb 28

U.S. Physical Therapy (NYSE:USPH) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jan 03

Capital Allocation Trends At U.S. Physical Therapy (NYSE:USPH) Aren't Ideal

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article Nov 09

Shareholders Should Be Pleased With U.S. Physical Therapy, Inc.'s (NYSE:USPH) Price

When close to half the companies in the Healthcare industry in the United States have price-to-sales ratios (or "P/S...
User avatar
New Narrative Sep 14

Tactical Contract Renegotiations And Innovative Recruitment Tactics Propel Revenue Growth And Margin Expansion

Innovations in recruitment and operational efficiencies are set to bolster net margins despite a tight labor market and high costs.
Analysis Article Aug 07

U.S. Physical Therapy (NYSE:USPH) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Analysis Article Jul 17

U.S. Physical Therapy (NYSE:USPH) Has A Rock Solid Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 04

U.S. Physical Therapy, Inc.'s (NYSE:USPH) Business Is Trailing The Industry But Its Shares Aren't

When you see that almost half of the companies in the Healthcare industry in the United States have price-to-sales...
Analysis Article May 21

There May Be Reason For Hope In U.S. Physical Therapy's (NYSE:USPH) Disappointing Earnings

The market for U.S. Physical Therapy, Inc.'s ( NYSE:USPH ) shares didn't move much after it posted weak earnings...
Analysis Article May 11

U.S. Physical Therapy (NYSE:USPH) Is Due To Pay A Dividend Of $0.44

The board of U.S. Physical Therapy, Inc. ( NYSE:USPH ) has announced that it will pay a dividend of $0.44 per share on...
Analysis Article May 05

Returns On Capital Signal Tricky Times Ahead For U.S. Physical Therapy (NYSE:USPH)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 21

A Look At The Fair Value Of U.S. Physical Therapy, Inc. (NYSE:USPH)

Key Insights Using the 2 Stage Free Cash Flow to Equity, U.S. Physical Therapy fair value estimate is US$113 U.S...
Analysis Article Apr 07

Is Now The Time To Look At Buying U.S. Physical Therapy, Inc. (NYSE:USPH)?

While U.S. Physical Therapy, Inc. ( NYSE:USPH ) might not have the largest market cap around , it saw a decent share...
Analysis Article Mar 04

U.S. Physical Therapy, Inc.'s (NYSE:USPH) Shareholders Might Be Looking For Exit

When you see that almost half of the companies in the Healthcare industry in the United States have price-to-sales...
Analysis Article Dec 23

The Returns On Capital At U.S. Physical Therapy (NYSE:USPH) Don't Inspire Confidence

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article Dec 07

Why U.S. Physical Therapy, Inc. (NYSE:USPH) Could Be Worth Watching

While U.S. Physical Therapy, Inc. ( NYSE:USPH ) might not be the most widely known stock at the moment, it saw a...
Seeking Alpha Oct 13

U.S. Physical Therapy: Positioned For Market Dominance Amidst Attractive Valuations

Summary USPH has a substantial presence in the physical therapy industry, with 662 clinics in 41 states, particularly Texas and Tennessee. Acquisitions, primarily through partnership models, are central to USPH's growth strategy. The company expanded into the IIP sector in 2017 and has made several acquisitions. The U.S. rehab market is projected to exceed $40 billion by 2025, driven by demographic trends like an aging population, rising obesity, and a focus on cost-effective healthcare. Physical therapy has demonstratedcost-effectiveness in patient care, significantly reducing hospitalization ratesand total treatment costs. USPH's current stock valuepresents a favorable entry point, especially with market misconceptions aboutGLP-1 adoption impacting the physical therapy industry. Read the full article on Seeking Alpha
Analysis Article Oct 13

Is U.S. Physical Therapy (NYSE:USPH) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

USPHUS HealthcareUS Market
7D3.7%-1.3%1.5%
1Y-14.3%12.4%28.6%

Return vs Industry: USPH underperformed the US Healthcare industry which returned 14.5% over the past year.

Return vs Market: USPH underperformed the US Market which returned 28.4% over the past year.

Price Volatility

Is USPH's price volatile compared to industry and market?
USPH volatility
USPH Average Weekly Movement7.0%
Healthcare Industry Average Movement7.3%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: USPH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: USPH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19906,374Chris Readingwww.usph.com

U.S. Physical Therapy, Inc., together with its subsidiaries, operates and manages outpatient physical therapy clinics. It operates through two segments, Physical Therapy Operations and Industrial Injury Prevention Services. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.

U.S. Physical Therapy, Inc. Fundamentals Summary

How do U.S. Physical Therapy's earnings and revenue compare to its market cap?
USPH fundamental statistics
Market capUS$972.33m
Earnings (TTM)US$7.67m
Revenue (TTM)US$787.69m
127.5x
P/E Ratio
1.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
USPH income statement (TTM)
RevenueUS$787.69m
Cost of RevenueUS$615.17m
Gross ProfitUS$172.52m
Other ExpensesUS$164.85m
EarningsUS$7.67m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.50
Gross Margin21.90%
Net Profit Margin0.97%
Debt/Equity Ratio26.2%

How did USPH perform over the long term?

See historical performance and comparison

Dividends

2.9%
Current Dividend Yield
358%
Payout Ratio

Does USPH pay a reliable dividends?

See USPH dividend history and benchmarks
When do you need to buy USPH by to receive an upcoming dividend?
U.S. Physical Therapy dividend dates
Ex Dividend DateMay 22 2026
Dividend Pay DateJun 12 2026
Days until Ex dividend9 days
Days until Dividend pay date12 days

Does USPH pay a reliable dividends?

See USPH dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 19:25
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

U.S. Physical Therapy, Inc. is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael PetuskyBarrington Research Associates, Inc.
Joanna Sylvia GajukBofA Global Research
Joseph FranceCantor Fitzgerald & Co.