U S Physical Therapy (USPH) Operating Margin (2010 - 2026)
U S Physical Therapy recorded quarterly Operating Margin of 6.29% in Q1 2026, down 23.9% quarter-over-quarter from 8.27% in Q4 2025, and down 439.0% year-over-year from 1.86% in Q1 2025.
U S Physical Therapy's Operating Margin history runs 17 years deep, the most recent figure standing at 6.29% for Q1 2026.
- In Q1 2026, Operating Margin fell 439.0% year-over-year to 6.29%; the TTM figure through Mar 2026 stood at 10.0% (up 32.0% YoY), while the FY2025 annual figure was 11.1%, up 172.0% from the prior year.
- Operating Margin came in at 6.29% for Q1 2026 at U S Physical Therapy, down from 8.27% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 14.28% in Q2 2022 to a low of 28.83% in Q4 2022.
- A 5-year average of 7.61% and a median of 10.67% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin tumbled 4151 bps in 2022 and jumped 2726 bps in 2023, its largest moves.
- U S Physical Therapy's Operating Margin stood at 28.83% in 2022, then surged by 95 bps to 1.57% in 2023, then soared by 794 bps to 10.89% in 2024, then slipped by 24 bps to 8.27% in 2025, then slipped by 24 bps to 6.29% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 6.29%, 8.27%, and 12.85% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.01% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 8.45% |
| 10 | U S Physical Therapy | 974.63 Mn | 1.26 Bn | 32.75 Mn | 6.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.29% |
| Dec 31, 2025 | 8.27% |
| Sep 30, 2025 | 12.85% |
| Jun 30, 2025 | 12.64% |
| Mar 31, 2025 | 10.69% |
| Dec 31, 2024 | 10.89% |
| Sep 30, 2024 | 7.65% |
| Jun 30, 2024 | 9.31% |
| Mar 31, 2024 | 9.59% |
| Dec 31, 2023 | -1.57% |
| Sep 30, 2023 | 10.59% |
| Jun 30, 2023 | 13.24% |
| Mar 31, 2023 | 11.45% |
| Dec 31, 2022 | -28.83% |
| Sep 30, 2022 | 10.67% |
| Jun 30, 2022 | 14.28% |
| Mar 31, 2022 | 11.41% |
| Dec 31, 2021 | 12.68% |
| Sep 30, 2021 | 13.45% |
| Jun 30, 2021 | 17.51% |
| Mar 31, 2021 | 13.37% |
| Dec 31, 2020 | -20.50% |
| Sep 30, 2020 | 18.64% |
| Jun 30, 2020 | 12.24% |
| Mar 31, 2020 | 3.56% |
| Dec 31, 2019 | 12.52% |
| Sep 30, 2019 | 14.34% |
| Jun 30, 2019 | 15.75% |
| Mar 31, 2019 | 13.27% |
| Dec 31, 2018 | 12.62% |
| Sep 30, 2018 | 13.64% |
| Jun 30, 2018 | 14.79% |
| Mar 31, 2018 | 12.05% |
| Dec 31, 2017 | 12.79% |
| Sep 30, 2017 | 12.51% |
| Jun 30, 2017 | 15.04% |
| Mar 31, 2017 | 12.50% |
| Dec 31, 2016 | 12.32% |
| Sep 30, 2016 | 13.95% |
| Jun 30, 2016 | 17.00% |
| Mar 31, 2016 | 13.51% |
| Dec 31, 2015 | 14.54% |
| Sep 30, 2015 | 14.54% |
| Jun 30, 2015 | 16.63% |
| Mar 31, 2015 | 12.12% |
| Dec 31, 2014 | 13.55% |
| Sep 30, 2014 | 14.51% |
| Jun 30, 2014 | 18.60% |
| Mar 31, 2014 | 13.64% |
| Dec 31, 2013 | 13.93% |
| Sep 30, 2013 | 15.05% |
| Jun 30, 2013 | 16.95% |
| Mar 31, 2013 | 13.44% |
| Dec 31, 2012 | 13.31% |
| Sep 30, 2012 | 15.70% |
| Jun 30, 2012 | 17.44% |
| Mar 31, 2012 | 16.18% |
| Dec 31, 2011 | 5.29% |
| Sep 30, 2011 | 14.50% |
| Jun 30, 2011 | 19.20% |
| Mar 31, 2011 | 16.12% |
| Dec 31, 2010 | 16.89% |
| Sep 30, 2010 | 16.88% |
| Jun 30, 2010 | 19.10% |