U S Physical Therapy (USPH) Net Margin (2010 - 2026)
U S Physical Therapy's Net Margin was 4.62% in Q2 2026, down 1.66 percentage points from 6.28% a year earlier but up 2.08 percentage points from the prior quarter.
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Analysis
U S Physical Therapy (USPH) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, U S Physical Therapy's Net Margin was 3.97% through Jun 30, 2026, down 1.26 percentage points year-over-year; for FY2025, it came in at 5.07%, up 0.39 percentage points from FY2024.
- Net Margin shows a five-year change of -3.25 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 4.68% in FY2024 (+0.01 pp), 4.67% in FY2023 (-1.14 pp), 5.81% in FY2022 (-2.43 pp) and 8.25% in FY2021 (-0.07 pp).
- Quarterly Net Margin has moved between 0.42% (Q4 2023) and 7.96% (Q2 2022) over five years.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of -0.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2024 (a gain of 4.70 percentage points); the worst was Q4 2022 (a drop of 6.02 percentage points).
- Per Business Quant data, USPH's Net Margin in the three quarters before Q2 2026 was 2.54% (Q1 2026), 2.05% (Q4 2025) and 6.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 8.40% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 8.01% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -35.87% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 14.68% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 1.48% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 9.63% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 7.47% |
| 10 | U S Physical Therapy | 1.29 Bn | 1.48 Bn | 41.94 Mn | 4.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.62% |
| Mar 31, 2026 | 2.54% |
| Dec 31, 2025 | 2.05% |
| Sep 30, 2025 | 6.66% |
| Jun 30, 2025 | 6.28% |
| Mar 31, 2025 | 5.39% |
| Dec 31, 2024 | 5.12% |
| Sep 30, 2024 | 3.94% |
| Jun 30, 2024 | 4.49% |
| Mar 31, 2024 | 5.17% |
| Dec 31, 2023 | 0.42% |
| Sep 30, 2023 | 6.17% |
| Jun 30, 2023 | 7.21% |
| Mar 31, 2023 | 4.99% |
| Dec 31, 2022 | 1.85% |
| Sep 30, 2022 | 6.85% |
| Jun 30, 2022 | 7.96% |
| Mar 31, 2022 | 6.68% |
| Dec 31, 2021 | 7.87% |
| Sep 30, 2021 | 7.95% |
API Access
U S Physical Therapy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=USPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "USPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=USPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();