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.

US Physical Therapy USPH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	19.2%+0.7pp	18.5%-1.6pp	20.1%-0.2pp	20.3%-3.4pp
Operating margin	11.1%+1.7pp	9.4%+0.6pp	8.8%-1.5pp	10.3%-4.0pp
Net margin	5.1%+0.4pp	4.7%0.0pp	4.7%-1.1pp	5.8%-2.4pp
EBITDA margin	14%+1.8pp	12.2%+0.8pp	11.3%-1.6pp	12.9%-3.7pp
Free cash flow margin	7.8%-2.0pp	9.8%-2.2pp	12%+2.9pp	9.1%-4.7pp
Returns
Return on equity	8.2%+1.7pp	6.5%-0.6pp	7.1%-3.4pp	10.5%-3.8pp
Return on assets	3.3%+0.4pp	2.9%-0.1pp	3%-1.0pp	4%-2.1pp
Return on invested capital	12.4%+2.0pp	10.3%-0.6pp	10.9%-2.0pp	12.9%-4.5pp
Efficiency
Asset turnover	0.7×0.0×	0.6×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	1×-0.2×	1.2×-1.1×	2.3×+1.0×	1.3×+0.2×
Quick ratio	1×-0.2×	1.2×-1.1×	2.3×+1.0×	1.3×+0.2×
Cash ratio	0.3×-0.1×	0.4×-1.1×	1.5×+1.1×	0.4×0.0×
Leverage
Debt-to-equity	0.3×0.0×	0.3×+0.1×	0.3×-0.1×	0.4×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	1.2×-0.2×	1.4×+1.8×	-0.5×-1.7×	1.3×+0.3×
Per Share
Book value per share	$31.40-3.3%	$32.46-3.3%	$33.56+38.0%	$24.32+6.1%
Valuation
Market capitalization	$1.01B-10.6%	$1.34B-4.1%	$1.4B+32.5%	$1.05B-14.6%
Enterprise value	$1.15B-7.2%	$1.45B+6.4%	$1.36B+19.3%	$1.14B-13.0%
Price / earnings	29×-4.8×	42.6×-6.8×	49.4×+16.7×	32.8×+2.5×
Price / sales	1.3×-0.3×	2×-0.3×	2.3×+0.4×	1.9×-0.6×
Price / book	2.2×-0.1×	2.7×-0.2×	2.9×-0.4×	3.3×-0.8×
EV / EBITDA	11.3×-2.8×	17.8×-2.1×	19.9×+3.9×	16×0.0×
EV / sales	1.4×-0.3×	2.2×-0.1×	2.3×+0.2×	2.1×-0.6×
Free cash flow yield	6.6%+1.7pp	4.9%-0.3pp	5.2%+0.4pp	4.8%-0.8pp
Earnings yield	3.4%+0.5pp	2.3%+0.3pp	2%-1.0pp	3.1%-0.3pp
PEG ratio	6.7×+4.5×	3.8×—	——	——

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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.