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| Date | Value |
|---|---|
| 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% |