U S Physical Therapy (USPH) Net Margin (2010 - 2026)
U S Physical Therapy recorded quarterly Net Margin of 4.11% in Q1 2026, down 9.12% quarter-over-quarter from 4.53% in Q4 2025, and down 321.0% year-over-year from 1.86% in Q1 2025.
U S Physical Therapy's Net Margin history runs 17 years deep, the most recent figure standing at 4.11% for Q1 2026.
- In Q1 2026, Net Margin fell 321.0% year-over-year to 4.11%; the TTM figure through Mar 2026 stood at 6.62% (down 86.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 7.76% and a median of 8.15% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin sank 900 bps in 2023 and surged 746 bps in 2024, its largest moves.
- U S Physical Therapy's Net Margin stood at 11.17% in 2022, then sank by 81 bps to 2.17% in 2023, then surged by 344 bps to 9.62% in 2024, then plunged by 53 bps to 4.53% in 2025, then decreased by 9 bps to 4.11% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 4.11%, 4.53%, and 8.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 9.72% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 13.08% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 8.05% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 1.00% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 6.93% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 7.76% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.00% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 10.08% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 5.68% |
| 10 | U S Physical Therapy | 974.63 Mn | 1.26 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% |
| Mar 31, 2021 | 10.58% |
| Dec 31, 2020 | 15.64% |
| Sep 30, 2020 | 14.74% |
| Jun 30, 2020 | 17.60% |
| Mar 31, 2020 | 2.96% |
| Dec 31, 2019 | 9.84% |
| Sep 30, 2019 | 11.15% |
| Jun 30, 2019 | 15.67% |
| Mar 31, 2019 | 10.65% |
| Dec 31, 2018 | 11.65% |
| Sep 30, 2018 | 10.50% |
| Jun 30, 2018 | 11.50% |
| Mar 31, 2018 | 9.28% |
| Dec 31, 2017 | 3.52% |
| Sep 30, 2017 | 6.40% |
| Jun 30, 2017 | 6.13% |
| Mar 31, 2017 | 6.18% |
| Dec 31, 2016 | 1.24% |
| Sep 30, 2016 | 9.18% |
| Jun 30, 2016 | 10.96% |
| Mar 31, 2016 | 8.87% |
| Dec 31, 2015 | 4.21% |
| Sep 30, 2015 | 9.67% |
| Jun 30, 2015 | 10.90% |
| Mar 31, 2015 | 7.94% |
| Mar 31, 2014 | 9.06% |
| Dec 31, 2013 | -0.06% |
| Sep 30, 2013 | -6.73% |
| Jun 30, 2013 | -0.41% |
| Mar 31, 2013 | -31.33% |
| Dec 31, 2012 | -28.09% |
| Sep 30, 2012 | -28.03% |
| Jun 30, 2012 | -27.98% |
| Mar 31, 2012 | -24.67% |
| Dec 31, 2011 | 1.39% |
| Sep 30, 2011 | -22.04% |
| Jun 30, 2011 | -7.62% |
| Mar 31, 2011 | 11.48% |
| Dec 31, 2010 | -13.14% |
| Sep 30, 2010 | 11.94% |
| Jun 30, 2010 | 13.45% |