U S Physical Therapy (USPH) Operating Leases (2019 - 2026)
U S Physical Therapy's Operating Leases came in at $122.9 million for Q2 2026, up 17.9% from $104.28 million a year earlier and up 6.7% from the prior quarter.
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Analysis
U S Physical Therapy (USPH) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, U S Physical Therapy's Operating Leases was $110.57 million, up 8.5% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- Going back by year, Operating Leases was $101.87 million in FY2024 (+32.9%), $76.65 million in FY2023 (-1.6%), $77.93 million in FY2022 (+5.1%) and $74.19 million in FY2021 (+19.7%).
- The Q2 2026 figure represents the highest quarterly Operating Leases in data going back to Q1 2019.
- Year-over-year, Operating Leases has increased for eight consecutive quarters, with growth averaging 22.2% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q3 2025 (growth of 37.9%), and the weakest in Q4 2023 (a decline of 1.6%).
- Business Quant data shows USPH's Operating Leases at $115.21 million (Q1 2026), $110.57 million (Q4 2025) and $106.18 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn |
| 10 | U S Physical Therapy | 1.48 Bn | 1.71 Bn | 43.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 129.28 Mn |
| Jun 30, 2026 | 122.90 Mn |
| Mar 31, 2026 | 115.21 Mn |
| Dec 31, 2025 | 110.57 Mn |
| Sep 30, 2025 | 106.18 Mn |
| Jun 30, 2025 | 104.28 Mn |
| Mar 31, 2025 | 100.69 Mn |
| Dec 31, 2024 | 101.87 Mn |
| Sep 30, 2024 | 77.00 Mn |
| Jun 30, 2024 | 78.33 Mn |
| Mar 31, 2024 | 75.68 Mn |
| Dec 31, 2023 | 76.65 Mn |
| Sep 30, 2023 | 76.88 Mn |
| Jun 30, 2023 | 78.91 Mn |
| Mar 31, 2023 | 75.46 Mn |
| Dec 31, 2022 | 77.93 Mn |
| Sep 30, 2022 | 76.91 Mn |
| Jun 30, 2022 | 77.78 Mn |
| Mar 31, 2022 | 72.16 Mn |
| Dec 31, 2021 | 74.19 Mn |
API Access
U S Physical Therapy Operating Leases 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-leases&ticker=USPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=USPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();