U S Physical Therapy (USPH) Net Margin (2010 - 2026)
U S Physical Therapy's (USPH) quarterly Net Margin came in at 6.96% in Q2 2026, down 202.0% year-over-year from 6.82% in Q2 2025, and up 69.2% quarter-over-quarter from 4.11% in Q1 2026.
Analysis
U S Physical Therapy (USPH) Net Margin (2010 - 2026) Analysis & Trends
U S Physical Therapy has disclosed Net Margin across 17 years of filings, most recently posting 6.96% for Q2 2026.
- In Q2 2026, Net Margin fell 202.0% year-over-year to 6.96%; the TTM figure through Jun 2026 stood at 6.14% (down 119.0% YoY), while the FY2025 annual figure was 7.43%, up 63.0% from the prior year.
- Net Margin came in at 6.96% for Q2 2026 at U S Physical Therapy, up from 4.11% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 10.85% in Q2 2022 to a low of 0.84% in Q4 2023.
- Average Net Margin over 5 years is 6.91%, with a median of 7.4% recorded in 2024.
- Year-over-year, Net Margin sank 875 bps in 2022 and soared 776 bps in 2024.
- Over 5 years, Net Margin stood at 2.37% in 2022, then slumped by 135 bps to 0.84% in 2023, then soared by 929 bps to 6.92% in 2024, then tumbled by 35 bps to 4.53% in 2025, then surged by 54 bps to 6.96% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 6.96% in Q2 2026, 4.11% in Q1 2026, and 4.53% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Davita | 11.76 Bn | 12.64 Bn | 1.16 Bn | 9.66% |
| 2 | RadNet | 5.80 Bn | 5.37 Bn | 88.08 Mn | 3.25% |
| 3 | Concentra Group Holdings Parent | 4.40 Bn | 4.26 Bn | 192.10 Mn | 11.10% |
| 4 | Privia Health | 2.61 Bn | 2.25 Bn | - | 1.54% |
| 5 | Pediatrix Medical | 2.20 Bn | 1.79 Bn | - | 8.17% |
| 6 | Fresenius Medical Care AG | 2.11 Bn | 1.41 Bn | 1.52 Bn | 4.49% |
| 7 | Progyny | 2.01 Bn | 1.77 Bn | 89.30 Mn | 8.00% |
| 8 | Surgery Partners | 1.87 Bn | 3.08 Bn | 622.10 Mn | 3.50% |
| 9 | U S Physical Therapy | 1.18 Bn | 1.47 Bn | 41.94 Mn | 6.96% |
| 10 | Starling Oncology | 595.78 Mn | 554.69 Mn | 27.17 Mn | -5.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.96% |
| 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 | 6.92% |
| Sep 30, 2024 | 5.82% |
| Jun 30, 2024 | 7.01% |
| Mar 31, 2024 | 7.46% |
| Dec 31, 2023 | -0.84% |
| Sep 30, 2023 | 8.15% |
| Jun 30, 2023 | 9.81% |
| Mar 31, 2023 | 7.69% |
| Dec 31, 2022 | 2.37% |
| Sep 30, 2022 | 9.18% |
| Jun 30, 2022 | 10.85% |
| Mar 31, 2022 | 9.10% |
| Dec 31, 2021 | 11.12% |
| Sep 30, 2021 | 11.22% |