U S Physical Therapy USPH
NYSE USPH
$79.15 +0.39 (+0.50%)
At close: Sep 4, 2026 · 4:00 PM EDT

U S Physical Therapy (USPH) Gross Margin (2011 - 2026)

U S Physical Therapy's (USPH) quarterly Gross Margin came in at 19.59% in Q2 2026, down 150.0% year-over-year from 39.19% in Q2 2025, and up 18.63% quarter-over-quarter from 16.52% in Q1 2026.

Analysis

U S Physical Therapy (USPH) Gross Margin (2011 - 2026) Analysis & Trends

U S Physical Therapy has disclosed Gross Margin across 16 years of filings, most recently posting 19.59% for Q2 2026.

  • In Q2 2026, Gross Margin fell 150.0% year-over-year to 19.59%; the TTM figure through Jun 2026 stood at 18.68% (up 26.0% YoY), while the FY2025 annual figure was 19.17%, up 71.0% from the prior year.
  • Gross Margin came in at 19.59% for Q2 2026 at U S Physical Therapy, up from 16.52% 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.
  • Average Gross Margin over 5 years is 19.32%, with a median of 19.65% recorded in 2026.
  • Year-over-year, Gross Margin plunged 511 bps in 2022 and jumped 177 bps in 2025.
  • Over 5 years, Gross Margin stood at 19.71% in 2022, then increased by 0 bps to 19.71% in 2023, then decreased by 9 bps to 18.03% in 2024, then advanced by 10 bps to 19.8% in 2025, then retreated by 1 bps to 19.59% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 19.59% in Q2 2026, 16.52% in Q1 2026, and 19.8% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Davita 11.76 Bn 12.64 Bn 1.16 Bn 32.70%
2 RadNet 5.80 Bn 5.37 Bn 88.08 Mn 14.14%
3 Concentra Group Holdings Parent 4.40 Bn 4.26 Bn 192.10 Mn 31.70%
4 Privia Health 2.61 Bn 2.25 Bn - -
5 Pediatrix Medical 2.20 Bn 1.79 Bn - -
6 Fresenius Medical Care AG 2.11 Bn 1.41 Bn 1.52 Bn 26.95%
7 Progyny 2.01 Bn 1.77 Bn 89.30 Mn 25.48%
8 Surgery Partners 1.87 Bn 3.08 Bn 622.10 Mn 73.28%
9 U S Physical Therapy 1.18 Bn 1.47 Bn 41.94 Mn 19.59%
10 Starling Oncology 595.78 Mn 554.69 Mn 27.17 Mn 16.84%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 19.59%
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%