U S Physical Therapy (USPH) Net Margin (2010 - 2026)

U S Physical Therapy (USPH) posted Net Margin of 4.11% for Q1 2026, down 9.12% sequentially from 4.53% 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 (USPH) has 17 years of Net Margin data on file, last reported 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 6.62% (down 86.0% YoY) and the FY2025 annual result came in at 7.43%, down 9.0% from the prior year.
  • Net Margin slipped to 4.11% in Q1 2026 per USPH's latest filing, from 4.53% in the prior quarter.
  • The five-year high for Net Margin was 11.17% in Q4 2022, with the low at 2.17% in Q4 2023.
  • Average Net Margin over 5 years is 7.76%, with a median of 8.15% recorded in 2023.
  • Year-over-year, Net Margin plunged 900 bps in 2023 and surged 746 bps in 2024.
  • U S Physical Therapy's Net Margin stood at 11.17% in 2022, then tumbled by 81 bps to 2.17% in 2023, then jumped by 344 bps to 9.62% in 2024, then slumped by 53 bps to 4.53% in 2025, then dropped by 9 bps to 4.11% in 2026.
  • Business Quant data shows USPH's Net Margin at 4.11% in Q1 2026, 4.53% in Q4 2025, and 8.95% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 9.72%
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 10.08%
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 13.08%
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 8.05%
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 1.00%
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 6.93%
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 7.76%
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 5.68%
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn 552.25%
10 U S Physical Therapy 1.08 Bn 1.37 Bn 32.75 Mn 4.11%

Historic Data

Download Data
DateValue
Mar 31, 2026 4.11%
Dec 31, 2025 4.53%
Sep 30, 2025 8.95%
Jun 30, 2025 8.98%
Mar 31, 2025 7.33%
Dec 31, 2024 9.62%
Sep 30, 2024 5.82%
Jun 30, 2024 7.01%
Mar 31, 2024 7.46%
Dec 31, 2023 2.17%
Sep 30, 2023 8.15%
Jun 30, 2023 9.81%
Mar 31, 2023 7.69%
Dec 31, 2022 11.17%
Sep 30, 2022 9.18%
Jun 30, 2022 10.85%
Mar 31, 2022 9.10%
Dec 31, 2021 15.51%
Sep 30, 2021 11.22%
Jun 30, 2021 13.77%