U S Physical Therapy (USPH) Net Margin (2009 - 2026)
U S Physical Therapy's Net Margin was 4.62% in Q2 2026, down 1.66 percentage points from 6.28% a year earlier but up 2.08 percentage points from the prior quarter.
Powered by 
Analysis
U S Physical Therapy (USPH) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, U S Physical Therapy's Net Margin was 3.97% through Jun 30, 2026, down 1.26 percentage points year-over-year; for FY2025, it came in at 5.07%, up 0.39 percentage points from FY2024.
- Net Margin shows a five-year change of -3.25 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 4.68% in FY2024 (+0.01 pp), 4.67% in FY2023 (-1.14 pp), 5.81% in FY2022 (-2.43 pp) and 8.25% in FY2021 (-0.07 pp).
- Quarterly Net Margin has moved between 0.42% (Q4 2023) and 7.96% (Q2 2022) over five years.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of -0.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2024 (a gain of 4.70 percentage points); the worst was Q4 2022 (a drop of 6.02 percentage points).
- Per Business Quant data, USPH's Net Margin in the three quarters before Q2 2026 was 2.54% (Q1 2026), 2.05% (Q4 2025) and 6.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 7.96% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -7.55% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 6.90% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 10.07% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -34.45% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 2.38% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -3.61% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 9.31% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 6.23% |
| 10 | U S Physical Therapy | 1.48 Bn | 1.71 Bn | 43.03 Mn | 4.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.96% |
| Jun 30, 2026 | 4.62% |
| Mar 31, 2026 | 2.54% |
| Dec 31, 2025 | 2.05% |
| Sep 30, 2025 | 6.66% |
| Jun 30, 2025 | 6.28% |
| Mar 31, 2025 | 5.39% |
| Dec 31, 2024 | 5.12% |
| Sep 30, 2024 | 3.94% |
| Jun 30, 2024 | 4.49% |
| Mar 31, 2024 | 5.17% |
| Dec 31, 2023 | 0.42% |
| Sep 30, 2023 | 6.17% |
| Jun 30, 2023 | 7.21% |
| Mar 31, 2023 | 4.99% |
| Dec 31, 2022 | 1.85% |
| Sep 30, 2022 | 6.85% |
| Jun 30, 2022 | 7.96% |
| Mar 31, 2022 | 6.68% |
| Dec 31, 2021 | 7.87% |
API Access
U S Physical Therapy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=USPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "USPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=USPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();