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U S PHYSICAL THERAPY INC /NV (USPH)

As-reported financials and SEC filings for U S PHYSICAL THERAPY INC /NV. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About U S PHYSICAL THERAPY INC /NV

U.S. Physical Therapy, Inc. operates physical therapy, speech therapy, and occupational therapy clinics, as well as home-care therapy practices, providing treatment for orthopedic disorders, sports injuries, and worker rehabilitation. The company also offers industrial injury prevention services to employees of client companies, including injury prevention, rehabilitation, and ergonomic assessments. It serves patients through a network of clinics across 44 states and provides management services to hospitals and healthcare providers.

Snapshot

Revenue
$781.0M
Revenue growth (YoY)
16.3%
Net income
$39.6M
Diluted EPS
$1.42
Gross margin
Operating margin
11.1%
Net margin
5.1%
FCF margin
7.8%
ROE
net income / fiscal-year-end equity
P/E
457.3×
trailing when available, otherwise FY EPS
Market cap
$1.16B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at U S Physical Therapy Inc /nv

  • Revenue grew 16.3% to $781M in FY2025, faster than the 11.0% the year before.
  • Operating margin is 11.1% in FY2025, -3.2 pp against 14.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $214M, up 8.5% from Q2 FY2025.
  • Free cash flow was $61M in FY2025, 7.8% of revenue.
  • Net income rose 26.0% to $40M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where U S Physical Therapy Inc /nv’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin11.1%
70th percentile of 399
Net margin5.1%
63rd percentile of 418
FCF margin7.8%
62nd percentile of 372
Revenue growth (YoY)+16.3%
62nd percentile of 538
P/E457.3×
99th percentile of 201
Short interest5.00d
56th percentile of 557

U S Physical Therapy Inc /nv’s P/E of 457.3 ranks in the 99th percentile of the 201 peers with a meaningful P/E.

2 reported insider purchases (code P) totaling $48,777 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$24.3M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$7.6M110.6KAdded
Citadel AdvisorsquantQ2 2026$5.6M82.1KAdded
Renaissance TechnologiesquantQ2 2026$4.9M71.0KReduced
Millennium ManagementquantQ2 2026$2.5M36.4KAdded
Point72 Asset ManagementquantQ2 2026$2.3M33.2KReduced
AQR Capital ManagementquantQ2 2026$1.4M19.8KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
2
1 insider
Bought (90d)
$49K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-09
filed 2026-06-10
Minan Peter FrancisDirectorBuy288$61.50$18K
2026-06-08
filed 2026-06-10
Minan Peter FrancisDirectorBuy492$63.14$31K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.3M
settled 2026-08-14
Change vs prior
+14.9%
vs previous settlement
Days to cover
5.00
at avg daily volume
Avg daily volume
254.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.3M+14.9%5.00
2026-07-311.1M+9.0%4.23
2026-07-151.0M-4.0%4.50
2026-06-301.1M-3.9%4.67
2026-06-151.1M+5.4%5.67
2026-05-291.0M+12.3%4.66
2026-05-15928.9K-7.8%2.99
2026-04-301.0M+2.0%6.35

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$781.0M$671.3M$604.8M$553.1M$495.0M
Gross profit
Operating income$86.7M$63.0M$50.5M$56.8M$70.6M
Net income$39.6M$31.4M$28.2M$32.2M$40.8M
Diluted EPS$1.42$1.84$1.28$2.25$2.41

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$75.1M$74.9M$82.0M$58.5M$76.4M
Capital expenditure$14.1M$9.2M$9.3M$8.2M$8.2M
Free cash flow$61.0M$65.8M$72.7M$50.3M$68.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$214.1M8.5%$9.9M$0.25
Q1 FY2026$198.3M7.9%$5.0M
Q4 FY2025$202.7M12.3%$4.2M
Q3 FY2025$197.1M17.3%$13.1M$0.48
Q2 FY2025$197.3M18.0%$12.4M$0.58
Q1 FY2025$183.8M18.1%$9.9M
Q4 FY2024$180.4M16.6%$9.2M
Q3 FY2024$168.0M12.0%$6.6M$0.39

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryServices-Health Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK885978

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-14
View on EDGAR →
8-K2026-08-12
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-06
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.