RDNT vs SGRY vs USPH Stock Comparison

RadNet, Surgery Partners and U S Physical Therapy Prices as of Oct 26, 2026 Peers: Industry group
RDNT RadNet, Inc.
$70.05 -1.0% 1M -16.0% 1Y
Market cap
$5.72B
P/E
–
Revenue (TTM)
$2.27B
Div. yield
–
Healthcare Services Healthcare
3 wins
SGRY Surgery Partners, Inc.
$23.25 +61.5% 1M +2.0% 1Y
Market cap
$3.01B
P/E
–
Revenue (TTM)
$3.37B
Div. yield
–
Healthcare Services Healthcare
1 win

Head to Head

10 decided of 12

U S Physical Therapy leads on 6 of the 12 questions below (U S Physical Therapy 6, RadNet 3, Surgery Partners 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRDNTSGRYUSPHLeader
Larger companyMarket capitalisation $5.72B $3.01B $1.32B RDNT
Cheaper on earningsLower P/E, profitable companies only -270.9x -33.9x 40.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 132.2x 58.1x 30.0x USPH
Faster revenue growthRevenue growth, trailing twelve months +18.9% +4.0% +11.3% RDNT
More profitableNet margin, trailing twelve months -0.9% -2.6% 4.0% USPH
Better return on capitalReturn on invested capital 1.5% 5.3% 9.3% USPH
Less leveragedLower net debt / EBITDA 2.5x 6.3x 1.5x USPH
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -16.0% +2.0% -4.9% SGRY
Better 5-year returnAnnualised price return, 5 years +18.4%/yr -10.3%/yr -2.8%/yr RDNT
Less volatileAnnualised volatility, 1 year 42.1% 66.9% 40.2% USPH
Higher overall scoreMean of the five percentile scores vs peers 39/100 55/100 59/100 USPH

Percentile Scorecard

RDNTSGRYUSPH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisRDNTSGRYUSPH
Valuation 40 #56 of 93 84 #16 of 93 75 #24 of 93
Growth 22 #69 of 88 43 #51 of 88 29 #63 of 88
Profitability 45 #48 of 87 64 #32 of 87 61 #35 of 87
Financial Health 43 #57 of 100 31 #69 of 100 48 #53 of 100
Shareholder Returns 42 #33 of 56 – 84 #10 of 56
Overall 39 55 59
  • RDNT ranked among 103 companies in Healthcare Providers
  • SGRY ranked among 103 companies in Healthcare Providers
  • USPH ranked among 103 companies in Healthcare Providers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodRDNTSGRYUSPHSPY
1 month -1.0%+61.5%+4.4% -0.8%
3 months +13.9%+53.3%+15.6% +3.5%
6 months +21.3%+59.9%+21.1% +7.0%
Year to date -1.8%+50.5%+13.5% +12.2%
1 year -16.0%+2.0%-4.9% +13.0%
3 years +175.6%+3.7%+4.9% +86.3%
3 years, per year +40.2%+1.2%+1.6% +23.1%
5 years +132.8%-42.0%-13.3% +68.6%
5 years, per year +18.4%-10.3%-2.8% +11.0%
10 years +872.9%+26.6%+48.8% +258.0%
10 years, per year +25.6%+2.4%+4.1% +13.6%

Risk

MeasureRDNTSGRYUSPHSPY
Volatility, 1Y 42.1%66.9%40.2% 12.7%
Downside volatility, 1Y 42.4%65.5%45.4% 12.7%
Beta vs S&P 500, 1Y 1.020.820.62 1.00
Return / volatility, 1Y -0.380.03-0.12 1.02
Max drawdown, 5Y -56.2%-81.4%-54.7% -25.4%
From 52-week high -17.1%0.0%-2.6% -1.8%
52-week high $84.48$23.25$91.00 $779.14
52-week low $51.87$11.49$59.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleRDNTSGRYUSPH
P/E now vs peer median -258.1xmedian 25.1x -33.8xmedian 25.1x 41.4xmedian 25.1x
P/S now vs peer median 2.4xmedian 1.6x 0.9xmedian 1.6x 1.6xmedian 1.6x
EV/EBITDA now vs peer median 25.1xmedian 14.5x 11.7xmedian 14.5x 14.8xmedian 14.5x
P/FCF now vs peer median -16.0xmedian 22.4x 16.2xmedian 22.4x 20.6xmedian 22.4x
P/B now vs peer median 4.0xmedian 3.1x 1.0xmedian 3.1x 2.9xmedian 3.1x
PEG now vs peer median 31.52median 0.66 1.96median 0.66 -32.46median 0.66

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsRDNTSGRYUSPH
Revenue $2.27B $3.37B $812.20M
Gross profit $261.62M – $151.70M
Operating income $70.78M $383.80M $76.52M
Net income $80.00K $48.10M $49.87M
Free cash flow -$344.77M $187.60M $64.07M
EPS (diluted) $-0.27 $-0.69 $2.14
Cash & equivalents $726.27M $216.70M $24.89M
Total debt $1.33B $3.75B $173.13M
Shares (diluted) 78.73M 128.83M 15.07M
Enterprise value $2.97B $2.16B $1.20B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricRDNTSGRYUSPH
P/E -258.1x -33.8x 41.4x
P/FCF -16.0x 16.2x 20.6x
P/Operating cash flow 17.8x 11.8x 15.9x
P/S 2.4x 0.9x 1.6x
P/B 4.0x 1.0x 2.9x
P/Tangible book 4.8x 1.0x 4.9x
EV/EBITDA 25.1x 11.7x 14.8x
EV/EBIT 86.4x 17.1x 19.2x
EV/Revenue 2.7x 2.0x 1.8x
EV/FCF -17.7x 35.1x 23.0x
EV/Operating cash flow 19.7x 25.5x 17.7x
PEG (3Y EPS CAGR) 31.52 1.96 -32.46

Growth

14 metrics
MetricRDNTSGRYUSPH
Revenue growth (1Y) 18.9% 4.0% 11.3%
Revenue CAGR (3Y) 14.1% 8.1% 11.8%
Gross profit growth (1Y) 17.8% – 12.9%
Gross profit CAGR (3Y) 11.7% – 8.8%
Operating income growth (1Y) 8.5% 6.1% -0.7%
Operating income CAGR (3Y) 5.9% 7.1% 9.2%
Net income growth (1Y) -99.3% 136.2% -6.7%
Net income CAGR (3Y) -74.7% 15.6% 5.5%
EPS growth (1Y) -35.8% 51.6% -14.8%
EPS CAGR (3Y) -8.2% -17.2% -1.3%
Operating cash flow growth (1Y) 18.5% -2.2% 15.8%
Operating cash flow CAGR (3Y) 19.6% 16.4% 6.0%
Free cash flow growth (1Y) -1,140% 7.0% 5.3%
Free cash flow CAGR (3Y) -66.2% 36.7% 1.3%

Profitability

14 metrics
MetricRDNTSGRYUSPH
Gross margin 11.5% – 18.7%
EBITDA margin 10.7% 16.7% 12.2%
Operating margin 3.1% 11.4% 9.4%
Pretax margin 1.5% 11.4% 8.3%
Net margin -0.9% -2.6% 4.0%
FCF margin -15.2% 5.6% 7.9%
Operating cash flow margin 13.7% 7.7% 10.2%
Return on equity 1.4% 2.6% 10.9%
Return on assets 0.5% 1.0% 4.0%
Return on invested capital 1.5% 5.3% 9.3%
Return on capital employed 2.1% 5.1% 6.7%
Asset turnover 0.6x 0.4x 0.7x
Cash conversion (OCF / net income) 3,876x 5.4x 1.7x
Stock comp / revenue 2.6% 0.3% 1.1%

Financial Health

11 metrics
MetricRDNTSGRYUSPH
Debt / assets 31.5% 46.6% 13.9%
Debt / equity 1.0x 1.2x 0.4x
Net debt / EBITDA 2.5x 6.3x 1.5x
Debt / FCF -3.9x 20.0x 2.7x
Liabilities / assets 67.0% 61.5% 64.0%
Equity / assets 33.0% 38.5% 36.0%
Interest coverage 1.0x – 7.1x
Current ratio 1.5x 1.9x 1.3x
Quick ratio 1.4x 1.4x 0.9x
Cash ratio 1.0x 0.4x 0.2x
Altman Z-score 1.81 0.88 2.11

Shareholder Returns

7 metrics
MetricRDNTSGRYUSPH
Dividend yield – – 2.1%
Net buyback yield -0.1% – –
Shareholder yield -0.1% – 2.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusRDNTSGRYUSPH
Forward P/E 132.2xFY2026 58.1xFY2026 30.0xFY2026
EPS, next fiscal year $0.53FY2026 $0.40FY2026 $2.95FY2026
EPS growth, next FY +35.9%FY2026 -14.9%FY2026 +12.2%FY2026
EPS growth, the year after +71.7% -5.0% +8.1%
Revenue, next fiscal year $2.68BFY2026 $3.38BFY2026 $799.06MFY2026
Revenue growth, next FY +31.4%FY2026 +2.2%FY2026 +2.3%FY2026
Revenue growth, the year after -1.2% -2.9% +10.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRDNTSGRYUSPH
Held by institutions 100.0% 100.0% 100.0%
Institutions holding 328 189 217
Change in shares held, QoQ +6.0% -0.8% +0.8%
Institutions buying 175 111 98
Institutions selling 110 50 90
Buyers to sellers 1.59 2.22 1.09

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

RDNTSGRYUSPH
RDNT 1.00 0.18 0.23
SGRY 0.18 1.00 0.20
USPH 0.23 0.20 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, RDNT, SGRY and USPH?

RadNet (RDNT) is the largest by market capitalisation: RadNet (RDNT) $5.72B, Surgery Partners (SGRY) $3.01B, U S Physical Therapy (USPH) $1.32B.

Which company is growing faster?

RadNet (RDNT) grew revenue fastest over the trailing twelve months: RadNet (RDNT) +18.9%, Surgery Partners (SGRY) +4.0%, U S Physical Therapy (USPH) +11.3%.

Which company is more profitable?

U S Physical Therapy (USPH) has the highest net margin (RadNet (RDNT) -0.9%, Surgery Partners (SGRY) -2.6%, U S Physical Therapy (USPH) 4.0%). On return on invested capital, U S Physical Therapy (USPH) leads (RadNet (RDNT) 1.5%, Surgery Partners (SGRY) 5.3%, U S Physical Therapy (USPH) 9.3%).

Which stock has performed better?

Over the past year Surgery Partners (SGRY) returned the most: RadNet (RDNT) -16.0%, Surgery Partners (SGRY) +2.0%, U S Physical Therapy (USPH) -4.9%. Over five years, RadNet (RDNT) compounded fastest (RadNet (RDNT) +18.4%/yr, Surgery Partners (SGRY) -10.3%/yr, U S Physical Therapy (USPH) -2.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, U S Physical Therapy (USPH) has been the steadiest (RadNet (RDNT) 42.1%, Surgery Partners (SGRY) 66.9%, U S Physical Therapy (USPH) 40.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RDNT, SGRY and USPH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, U S Physical Therapy (USPH) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.