SGRY vs RDNT vs USPH Stock Comparison

Surgery Partners, RadNet and U S Physical Therapy Prices as of Oct 27, 2026 Peers: Industry group
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SGRY Surgery Partners, Inc.
$23.36 +62.2% 1M +2.0% 1Y
Market cap
$3.06B
P/E
–
Revenue (TTM)
$3.37B
Div. yield
–
Healthcare Services Healthcare
1 win
RDNT RadNet, Inc.
$73.54 +3.9% 1M -9.9% 1Y
Market cap
$5.78B
P/E
–
Revenue (TTM)
$2.27B
Div. yield
–
Healthcare Services Healthcare
3 wins

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.

QuestionSGRYRDNTUSPHLeader
Larger companyMarket capitalisation $3.06B $5.78B $1.31B RDNT
Cheaper on earningsLower P/E, profitable companies only -34.0x -270.9x 40.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 58.4x 138.8x 29.7x USPH
Faster revenue growthRevenue growth, trailing twelve months +4.0% +18.9% +11.3% RDNT
More profitableNet margin, trailing twelve months -2.6% -0.9% 4.0% USPH
Better return on capitalReturn on invested capital 5.3% 1.5% 9.3% USPH
Less leveragedLower net debt / EBITDA 6.3x 2.5x 1.5x USPH
Higher dividend yieldTrailing dividend yield — — 2.09% –
Better 1-year returnPrice return, last 12 months +2.0% -9.9% -3.9% SGRY
Better 5-year returnAnnualised price return, 5 years -10.6%/yr +18.9%/yr -3.7%/yr RDNT
Less volatileAnnualised volatility, 1 year 66.8% 42.3% 40.1% USPH
Higher overall scoreMean of the five percentile scores vs peers 56/100 39/100 59/100 USPH

Percentile Scorecard

SGRYRDNTUSPH

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

AxisSGRYRDNTUSPH
Valuation 84 #16 of 92 40 #56 of 92 76 #23 of 92
Growth 43 #50 of 87 22 #68 of 87 29 #62 of 87
Profitability 66 #30 of 86 47 #46 of 86 61 #34 of 86
Financial Health 30 #68 of 97 43 #56 of 97 46 #53 of 97
Shareholder Returns – 44 #32 of 56 82 #11 of 56
Overall 56 39 59
  • SGRY ranked among 102 companies in Healthcare Providers
  • RDNT ranked among 102 companies in Healthcare Providers
  • USPH ranked among 102 companies in Healthcare Providers

Price Performance

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

Returns

PeriodSGRYRDNTUSPHSPY
1 month +62.2%+3.9%+3.0% -0.2%
3 months +49.9%+16.3%+10.8% +3.9%
6 months +62.8%+27.0%+20.6% +8.2%
Year to date +51.2%+3.1%+12.0% +12.9%
1 year +2.0%-9.9%-3.9% +12.3%
3 years +4.2%+189.3%+3.5% +87.4%
3 years, per year +1.4%+42.5%+1.2% +23.3%
5 years -42.9%+137.3%-17.0% +67.9%
5 years, per year -10.6%+18.9%-3.7% +10.9%
10 years +40.1%+950.6%+50.1% +261.1%
10 years, per year +3.4%+26.5%+4.1% +13.7%

Risk

MeasureSGRYRDNTUSPHSPY
Volatility, 1Y 66.8%42.3%40.1% 12.7%
Downside volatility, 1Y 65.5%42.4%45.3% 12.7%
Beta vs S&P 500, 1Y 0.821.040.62 1.00
Return / volatility, 1Y 0.03-0.23-0.10 0.97
Max drawdown, 5Y -81.4%-56.2%-54.7% -25.4%
From 52-week high 0.0%-12.9%-3.9% -1.2%
52-week high $23.36$84.48$91.00 $779.14
52-week low $11.49$51.87$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.

MultipleSGRYRDNTUSPH
P/E now vs peer median -34.0xmedian 24.6x -270.9xmedian 24.6x 40.9xmedian 24.6x
P/S now vs peer median 0.9xmedian 1.6x 2.5xmedian 1.6x 1.6xmedian 1.6x
EV/EBITDA now vs peer median 11.8xmedian 14.6x 26.2xmedian 14.6x 14.6xmedian 14.6x
P/FCF now vs peer median 16.3xmedian 21.6x -16.8xmedian 21.6x 20.4xmedian 21.6x
P/B now vs peer median 1.0xmedian 3.2x 4.1xmedian 3.2x 2.9xmedian 3.2x
PEG now vs peer median 1.97median 0.66 33.09median 0.66 -32.04median 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 monthsSGRYRDNTUSPH
Revenue $3.37B $2.27B $812.20M
Gross profit – $261.62M $151.70M
Operating income $383.80M $70.78M $76.52M
Net income $48.10M $80.00K $49.87M
Free cash flow $187.60M -$344.77M $64.07M
EPS (diluted) $-0.69 $-0.27 $2.14
Cash & equivalents $216.70M $726.27M $24.89M
Total debt $3.75B $1.33B $173.13M
Shares (diluted) 128.83M 78.73M 15.07M
Enterprise value $3.65B $3.33B $1.50B

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
MetricSGRYRDNTUSPH
P/E -34.0x -270.9x 40.9x
P/FCF 16.3x -16.8x 20.4x
P/Operating cash flow 11.9x 18.7x 15.7x
P/S 0.9x 2.5x 1.6x
P/B 1.0x 4.1x 2.9x
P/Tangible book 1.0x 5.0x 4.8x
EV/EBITDA 11.8x 26.2x 14.6x
EV/EBIT 17.2x 90.3x 19.0x
EV/Revenue 2.0x 2.8x 1.8x
EV/FCF 35.1x -18.5x 22.7x
EV/Operating cash flow 25.6x 20.6x 17.5x
PEG (3Y EPS CAGR) 1.97 33.09 -32.04

Growth

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

Profitability

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

Financial Health

11 metrics
MetricSGRYRDNTUSPH
Debt / assets 46.6% 31.5% 13.9%
Debt / equity 1.2x 1.0x 0.4x
Net debt / EBITDA 6.3x 2.5x 1.5x
Debt / FCF 20.0x -3.9x 2.7x
Liabilities / assets 61.5% 67.0% 64.0%
Equity / assets 38.5% 33.0% 36.0%
Interest coverage – 1.0x 7.1x
Current ratio 1.9x 1.5x 1.3x
Quick ratio 1.4x 1.4x 0.9x
Cash ratio 0.4x 1.0x 0.2x
Altman Z-score 0.88 1.87 2.10

Shareholder Returns

7 metrics
MetricSGRYRDNTUSPH
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.

ConsensusSGRYRDNTUSPH
Forward P/E 58.4xFY2026 138.8xFY2026 29.7xFY2026
EPS, next fiscal year $0.40FY2026 $0.53FY2026 $2.95FY2026
EPS growth, next FY -14.9%FY2026 +35.9%FY2026 +12.2%FY2026
EPS growth, the year after -5.0% +71.7% +8.1%
Revenue, next fiscal year $3.38BFY2026 $2.68BFY2026 $799.06MFY2026
Revenue growth, next FY +2.2%FY2026 +31.4%FY2026 +2.3%FY2026
Revenue growth, the year after -2.9% -1.2% +10.3%

Institutional Ownership

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

SGRYRDNTUSPH
SGRY 1.00 0.18 0.20
RDNT 0.18 1.00 0.23
USPH 0.20 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SGRY, RDNT and USPH?

RadNet (RDNT) is the largest by market capitalisation: Surgery Partners (SGRY) $3.06B, RadNet (RDNT) $5.78B, U S Physical Therapy (USPH) $1.31B.

Which company is growing faster?

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

Which company is more profitable?

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

Which stock has performed better?

Over the past year Surgery Partners (SGRY) returned the most: Surgery Partners (SGRY) +2.0%, RadNet (RDNT) -9.9%, U S Physical Therapy (USPH) -3.9%. Over five years, RadNet (RDNT) compounded fastest (Surgery Partners (SGRY) -10.6%/yr, RadNet (RDNT) +18.9%/yr, U S Physical Therapy (USPH) -3.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: U S Physical Therapy (USPH) 2.09%. Surgery Partners (SGRY) and RadNet (RDNT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, U S Physical Therapy (USPH) has been the steadiest (Surgery Partners (SGRY) 66.8%, RadNet (RDNT) 42.3%, U S Physical Therapy (USPH) 40.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SGRY, RDNT 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.