US Physical Therapy USPH Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 19%-0.1pp | 19.2%+0.4pp | 18.7%+0.3pp | 18.4%+0.3pp | 18.1%-0.4pp | |
| Operating margin | 10%-1.1pp | 11.1%-0.7pp | 11.8%+1.2pp | 10.6%+0.9pp | 9.7%+0.3pp | |
| Net margin | 4.4%-0.7pp | 5.1%-0.8pp | 5.9%+0.7pp | 5.2%+0.5pp | 4.8%+0.1pp | |
| Returns | ||||||
| Return on equity | 7.2%-1.0pp | 8.2%-0.9pp | 9.1%+1.3pp | 7.7%+0.9pp | 6.8%+0.3pp | |
| Return on invested capital | 11.3%-1.1pp | 12.4%-1.1pp | 13.4%+1.7pp | 11.7%+1.0pp | 10.7%+0.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.6×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.2×+0.2× | 1×-0.2× | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.4×+0.2× | 1.2×0.0× | 1.1×-0.1× | 1.2×-0.1× | 1.3×-0.1× | |
| Per Share | ||||||
| Book value per share | $30.92-1.5% | $31.40-5.2% | $33.12+0.5% | $32.95+0.3% | $32.86+1.2% | |
| Valuation | ||||||
| Market capitalization | $1.01B-10.7% | $1.19B-8.1% | $1.29B+7.6% | $1.2B+9.2% | $1.1B-17.9% | |
| Price / earnings | 29×-4.9× | 30×+1.1× | 28.9×-2.6× | 31.5×-1.6× | 33×-9.6× | |
| Price / sales | 1.3×-0.3× | 1.5×-0.2× | 1.7×+0.1× | 1.6×+0.1× | 1.6×-0.4× | |
| Price / book | 2.1×-0.1× | 2.5×-0.1× | 2.6×+0.2× | 2.4×+0.2× | 2.2×-0.5× | |
| EV / EBITDA | 11.3×-2.8× | 12.1×-0.5× | 12.5×-0.8× | 13.3×-0.4× | 13.7×-4.0× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are US Physical Therapy's profit margins?
- US Physical Therapy (USPH) runs a 19.0% gross margin and a 10.0% operating margin, with a 4.4% net margin.
- Where do US Physical Therapy's ratios come from?
- Every ratio is computed from US Physical Therapy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
