U S Physical Therapy (USPH) Gross Margin (2011 - 2026)
U S Physical Therapy recorded quarterly Gross Margin of 16.52% in Q1 2026, down 16.56% quarter-over-quarter from 19.8% in Q4 2025, and down 39.0% year-over-year from 27.08% in Q1 2025.
U S Physical Therapy's Gross Margin history runs 16 years deep, the most recent figure standing at 16.52% for Q1 2026.
- In Q1 2026, Gross Margin fell 39.0% year-over-year to 16.52%; the TTM figure through Mar 2026 stood at 19.03% (up 93.0% YoY), while the FY2025 annual figure was 19.17%, up 71.0% from the prior year.
- Gross Margin came in at 16.52% for Q1 2026 at U S Physical Therapy, down from 19.8% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 21.91% in Q2 2022 to a low of 16.52% in Q1 2026.
- A 5-year average of 19.31% and a median of 19.71% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 511 bps in 2022 and jumped 177 bps in 2025, its largest moves.
- U S Physical Therapy's Gross Margin stood at 19.71% in 2022, then rose by 0 bps to 19.71% in 2023, then slipped by 9 bps to 18.03% in 2024, then climbed by 10 bps to 19.8% in 2025, then retreated by 17 bps to 16.52% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 16.52%, 19.8%, and 18.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | U S Physical Therapy | 974.63 Mn | 1.26 Bn | 32.75 Mn | 16.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.52% |
| Dec 31, 2025 | 19.80% |
| Sep 30, 2025 | 18.70% |
| Jun 30, 2025 | 21.09% |
| Mar 31, 2025 | 16.90% |
| Dec 31, 2024 | 18.03% |
| Sep 30, 2024 | 17.34% |
| Jun 30, 2024 | 20.25% |
| Mar 31, 2024 | 18.24% |
| Dec 31, 2023 | 19.71% |
| Sep 30, 2023 | 18.62% |
| Jun 30, 2023 | 21.26% |
| Mar 31, 2023 | 20.78% |
| Dec 31, 2022 | 19.71% |
| Sep 30, 2022 | 19.19% |
| Jun 30, 2022 | 21.91% |
| Mar 31, 2022 | 20.19% |
| Dec 31, 2021 | 20.94% |
| Sep 30, 2021 | 23.67% |
| Jun 30, 2021 | 27.03% |
| Mar 31, 2021 | 23.05% |
| Dec 31, 2020 | 24.79% |
| Sep 30, 2020 | 28.39% |
| Jun 30, 2020 | 23.00% |
| Mar 31, 2020 | 13.92% |
| Dec 31, 2019 | 22.08% |
| Sep 30, 2019 | 23.34% |
| Jun 30, 2019 | 24.87% |
| Mar 31, 2019 | 22.99% |
| Dec 31, 2018 | 21.49% |
| Sep 30, 2018 | 23.05% |
| Jun 30, 2018 | 23.59% |
| Mar 31, 2018 | 21.43% |
| Dec 31, 2017 | 22.11% |
| Sep 30, 2017 | 20.57% |
| Jun 30, 2017 | 23.53% |
| Mar 31, 2017 | 21.26% |
| Dec 31, 2016 | 21.13% |
| Sep 30, 2016 | 22.76% |
| Jun 30, 2016 | 26.08% |
| Mar 31, 2016 | 24.10% |
| Dec 31, 2015 | 24.80% |
| Sep 30, 2015 | 22.97% |
| Jun 30, 2015 | 25.96% |
| Mar 31, 2015 | 22.22% |
| Dec 31, 2014 | 23.86% |
| Sep 30, 2014 | 24.12% |
| Jun 30, 2014 | 28.55% |
| Mar 31, 2014 | 23.86% |
| Dec 31, 2013 | 23.99% |
| Sep 30, 2013 | 24.50% |
| Jun 30, 2013 | 26.96% |
| Mar 31, 2013 | 23.66% |
| Dec 31, 2012 | 23.05% |
| Sep 30, 2012 | 25.43% |
| Jun 30, 2012 | 27.43% |
| Mar 31, 2012 | 26.73% |
| Dec 31, 2011 | 16.52% |
| Sep 30, 2011 | 23.12% |
| Jun 30, 2011 | 29.80% |