U S Physical Therapy (USPH) Net Margin (2010 - 2026)
U S Physical Therapy (USPH) posted Net Margin of 4.11% for Q1 2026, down 65.13% sequentially from 11.8% in Q4 2025, and down 321.0% YoY from 1.86% in Q1 2025.
U S Physical Therapy (USPH) Net Margin (2010 - 2026) Analysis & Trends
U S Physical Therapy has reported Net Margin for 17 years, with the latest figure at 4.11% in Q1 2026.
- Quarterly Net Margin fell 321.0% year-over-year to 4.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.48% (up 3.0% YoY) and the FY2025 annual result came in at 9.31%, up 78.0% from the prior year.
- Net Margin slipped to 4.11% in Q1 2026 per USPH's latest filing, from 11.8% in the prior quarter.
- Over five years, Net Margin peaked at 13.39% in Q4 2024 and troughed at 1.54% in Q4 2023.
- A 5-year average of 8.27% and a median of 8.95% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2024: Net Margin plunged 1146 bps in 2022, then soared 1185 bps in 2024.
- Over 5 years, Net Margin stood at 9.51% in 2022, then slumped by 84 bps to 1.54% in 2023, then soared by 771 bps to 13.39% in 2024, then decreased by 12 bps to 11.8% in 2025, then tumbled by 65 bps to 4.11% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 4.11%, 11.8%, and 8.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 9.54% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 14.68% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | -0.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 9.66% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 6.93% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 7.73% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 5.35% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 10.06% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 11.10% |
| 10 | U S Physical Therapy | 1.21 Bn | 1.50 Bn | 41.94 Mn | 6.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.96% |
| Mar 31, 2026 | 4.11% |
| Dec 31, 2025 | 11.80% |
| Sep 30, 2025 | 8.95% |
| Jun 30, 2025 | 8.98% |
| Mar 31, 2025 | 7.33% |
| Dec 31, 2024 | 13.39% |
| Sep 30, 2024 | 5.82% |
| Jun 30, 2024 | 7.01% |
| Mar 31, 2024 | 7.46% |
| Dec 31, 2023 | 1.54% |
| Sep 30, 2023 | 8.15% |
| Jun 30, 2023 | 9.81% |
| Mar 31, 2023 | 7.69% |
| Dec 31, 2022 | 9.51% |
| Sep 30, 2022 | 9.18% |
| Jun 30, 2022 | 10.85% |
| Mar 31, 2022 | 9.10% |
| Dec 31, 2021 | 20.98% |
| Sep 30, 2021 | 11.22% |