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| 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% |