U S Physical Therapy (USPH) Operating Income (2010 - 2026)
U S Physical Therapy (USPH) posted Operating Income of $21.95 million for Q2 2026, down 12.0% from $24.94 million a year earlier but up 75.8% from the prior quarter.
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Analysis
U S Physical Therapy (USPH) Operating Income (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Income at U S Physical Therapy was $76.52 million, down 0.7% year-over-year; for FY2025, it came in at $86.68 million, up 37.6% from FY2024.
- Annual Operating Income shows a five-year compound annual growth rate of 10.6% (FY2020 to FY2025).
- In prior years, U S Physical Therapy's Operating Income was $62.99 million in FY2024 (+24.7%), $50.51 million in FY2023 (-11.1%), $56.8 million in FY2022 (-19.6%) and $70.65 million in FY2021 (+34.8%).
- Quarterly Operating Income has run from a low of -$2.43 million in Q4 2023 to a high of $25.33 million in Q3 2025 over five years.
- On a year-over-year basis, Operating Income has declined in each of the last three quarters, with growth averaging 15.2% over the last seven quarters.
- The strongest year-over-year quarter for Operating Income in the past five years was Q3 2025, with growth of 97.2%; the weakest was Q4 2022, with a decline of 58.7%.
- According to Business Quant data, Operating Income for the three prior quarters was $12.48 million (Q1 2026), $16.77 million (Q4 2025) and $25.33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -75.79 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 459.00 Mn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 451.60 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -129.12 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 1.50 Bn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -75.91 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 579.00 Mn |
| 10 | U S Physical Therapy | 1.29 Bn | 1.48 Bn | 41.94 Mn | 21.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.95 Mn |
| Mar 31, 2026 | 12.48 Mn |
| Dec 31, 2025 | 16.77 Mn |
| Sep 30, 2025 | 25.33 Mn |
| Jun 30, 2025 | 24.94 Mn |
| Mar 31, 2025 | 19.64 Mn |
| Dec 31, 2024 | 19.65 Mn |
| Sep 30, 2024 | 12.85 Mn |
| Jun 30, 2024 | 15.57 Mn |
| Mar 31, 2024 | 14.93 Mn |
| Dec 31, 2023 | -2.43 Mn |
| Sep 30, 2023 | 15.88 Mn |
| Jun 30, 2023 | 20.06 Mn |
| Mar 31, 2023 | 17.00 Mn |
| Dec 31, 2022 | 6.79 Mn |
| Sep 30, 2022 | 14.90 Mn |
| Jun 30, 2022 | 20.08 Mn |
| Mar 31, 2022 | 15.03 Mn |
| Dec 31, 2021 | 16.47 Mn |
| Sep 30, 2021 | 16.93 Mn |
API Access
U S Physical Therapy Operating Income 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=operating-income&ticker=USPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=USPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();