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US Physical Therapy USPH Leasehold improvements

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Other financials

Income statement

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Revenue$198.3M+7.9%
Gross profit$32.8M+5.4%
Operating income$12.5M-36.5%
Net income$5.0M-49.1%
EPS (diluted)-$0.12-115%

Balance sheet

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Cash & equivalents$28.4M-27.4%
Total debt$169.4M+12.6%
Total equity$469.0M-5.7%
Total assets$1.2B+5.3%

Cash flow

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Operating cash flow$3.8M+181%
CapEx$5.4M+108%
Free cash flow-$1.6M+78.4%

Valuation

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Market cap$1.01B-10.7%
Enterprise value$1.15B-7.4%
P/E29×-4.9×
P/S1.3×-0.3×

Profitability

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Gross margin19%+0.9pp
Operating margin10%+0.3pp
Net margin4.4%-0.4pp
FCF margin8.4%+0.4pp

Returns & leverage

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Return on equity7.2%+0.4pp
Debt / equity0.4×+0.1×
Current ratio1.2×0.0×

Where this comes from

Reported directly by US Physical Therapy in its filing.

Tagged under the XBRL concept us-gaap:LeaseholdImprovementsGross.

The official record: US Physical Therapy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is US Physical Therapy's leasehold improvements?
US Physical Therapy (USPH) reported leasehold improvements of $61.38M in Q1 2026.
How has US Physical Therapy's leasehold improvements changed year-over-year?
US Physical Therapy's leasehold improvements increased by 14.7% year-over-year, from $53.5M to $61.38M.
What is the long-term trend for US Physical Therapy's leasehold improvements?
Over 5 years (2020 to 2025), US Physical Therapy's leasehold improvements has grown at a 10.8% compound annual growth rate (CAGR), from $35.32M to $58.99M.
What does leasehold improvements mean?
This metric captures the capitalized costs of alterations, renovations, and improvements made to leased properties to customize them for clinical or operational use. These assets are typically amortized over the shorter of the lease term or the useful life of the improvement. It serves as a key indicator of the capital intensity required to expand or maintain the company's physical footprint.