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US Physical Therapy USPH Physical Therapy Operations — Goodwill

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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-10.6%
Enterprise value$1.15B-7.2%
P/E29.1×-4.8×
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:Goodwill.

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 physical therapy operations — goodwill?
US Physical Therapy (USPH) reported physical therapy operations — goodwill of $613.15M in Q1 2026.
How has US Physical Therapy's physical therapy operations — goodwill changed year-over-year?
US Physical Therapy's physical therapy operations — goodwill increased by 4.5% year-over-year, from $586.73M to $613.15M.
What does physical therapy operations — goodwill mean?
Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations within the physical therapy segment. It reflects the premium paid for intangible benefits such as established patient bases, brand reputation, and market synergies. This metric is a key indicator of the historical investment in inorganic growth and market consolidation.