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

U S Physical Therapy's (USPH) quarterly Net Margin came in at 4.11% in Q1 2026, down 321.0% year-on-year from 1.86% in Q1 2025, and down 9.12% quarter-over-quarter from 4.53% in Q4 2025.

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 4.11% for Q1 2026.

  • Net Margin for Q1 2026 came in at 4.11%, down 321.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.62% (down 86.0% YoY), and the FY2025 annual result was 7.43%, down 9.0% from the prior year.
  • Net Margin came in at 4.11% for Q1 2026 at U S Physical Therapy, down from 4.53% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 11.17% in Q4 2022 to a low of 2.17% in Q4 2023.
  • The 5-year median for Net Margin is 8.15% (2023), against an average of 7.76%.
  • Across the five-year window, Net Margin slumped 900 bps in 2023 and jumped 746 bps in 2024, its largest moves.
  • U S Physical Therapy's Net Margin stood at 11.17% in 2022, then slumped by 81 bps to 2.17% in 2023, then jumped by 344 bps to 9.62% in 2024, then sank by 53 bps to 4.53% in 2025, then retreated by 9 bps to 4.11% in 2026.
  • The last three Net Margin figures came in at 4.11% (Q1 2026), 4.53% (Q4 2025), and 8.95% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 9.72%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 13.08%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 8.05%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.00%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 6.93%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 7.76%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 300.60%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 10.08%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 5.68%
10 U S Physical Therapy 961.89 Mn 1.25 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%