U S Physical Therapy (USPH) Operating Expenses (2010 - 2026)

U S Physical Therapy (USPH) posted Operating Expenses of $165.5 million for Q1 2026, up 1.81% sequentially from $162.6 million in Q4 2025, and up 8.39% YoY from $152.7 million in Q1 2025.

U S Physical Therapy (USPH) Operating Expenses (2010 - 2026) Analysis & Trends

U S Physical Therapy (USPH) has 17 years of Operating Expenses data on file, last reported at $165.5 million in Q1 2026.

  • Quarterly Operating Expenses rose 8.39% year-over-year to $165.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $644.1 million (up 12.43% YoY) and the FY2025 annual result came in at $631.3 million, up 15.32% from the prior year.
  • Operating Expenses advanced to $165.5 million in Q1 2026 per USPH's latest filing, from $162.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $165.5 million in Q1 2026, with the low at $105.1 million in Q1 2022.
  • Average Operating Expenses over 5 years is $133.5 million, with a median of $127.3 million recorded in 2024.
  • Year-over-year, Operating Expenses rose 21.56% in 2022 and gained 8.18% in 2024.
  • U S Physical Therapy's Operating Expenses stood at $113.4 million in 2022, then increased by 9.65% to $124.3 million in 2023, then rose by 19.02% to $147.9 million in 2024, then gained by 9.92% to $162.6 million in 2025, then rose by 1.81% to $165.5 million in 2026.
  • Business Quant data shows USPH's Operating Expenses at $165.5 million in Q1 2026, $162.6 million in Q4 2025, and $160.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 16.82 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 572.94 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 27.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.93 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 1.29 Bn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.26 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 3.99 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.30 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -25.79 Mn
10 U S Physical Therapy 1.08 Bn 1.37 Bn 32.75 Mn 165.53 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 165.53 Mn
Dec 31, 2025 162.59 Mn
Sep 30, 2025 160.26 Mn
Jun 30, 2025 155.72 Mn
Mar 31, 2025 152.72 Mn
Dec 31, 2024 147.92 Mn
Sep 30, 2024 138.90 Mn
Jun 30, 2024 133.33 Mn
Mar 31, 2024 127.27 Mn
Dec 31, 2023 124.29 Mn
Sep 30, 2023 122.08 Mn
Jun 30, 2023 119.28 Mn
Mar 31, 2023 117.65 Mn
Dec 31, 2022 113.35 Mn
Sep 30, 2022 112.82 Mn
Jun 30, 2022 109.84 Mn
Mar 31, 2022 105.12 Mn
Dec 31, 2021 102.65 Mn
Sep 30, 2021 96.09 Mn
Jun 30, 2021 92.62 Mn