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U.S. Physical Therapy, Inc.
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🏹 Trader: 🎯 Near 52W High | BRS 71 Forming View all →
$1.3B
Market Cap
55.0
P/E
3.27
PEG
5.8%
ROCE
7.6%
ROE
0.41
D/E
10.4%
OPM
-6.5%
% from 52W High
66
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for USPH including FX impact
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📈 Price History
Ratio Health
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About

U.S. Physical Therapy, Inc., together with its subsidiaries, operates and manages outpatient physical therapy clinics. It operates through two segments, Physical Therapy Operations and Industrial Injury Prevention Services. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. It offers industrial injury prevention services, including onsite injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments through physical therapists and specialized certified athletic trainers for Fortune 500 companies, and other clients comprising insurers and their contractors. U.S. Physical Therapy, Inc. was founded in 1990 and is based in Houston, Texas.

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📈 Growth Pattern
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⭐ Superinvestors Holding USPH
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 241.4K $18.1M 0.02% Mar 2026
Jim Simons Renaissance Technologies LLC 77.0K $5.8M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Q2 2026 delivered record clinic volumes and strong revenue growth, driven by hospital affiliations and acquisitions. Margins were pressured by higher healthcare costs and upfront hiring, but integration of new clinics and rate increases are expected to lift results in the second half.
Q1 2026 Q1 2026 2026-05-07
Q1 2026 revenue rose 7.9% year-over-year, driven by higher patient volumes and strong commercial rates, despite weather-related disruptions. Guidance for full-year adjusted EBITDA of $102–$106 million was reaffirmed, with hospital partnerships and acquisitions expected to ramp up contributions in the second half.
Q4 2025 Q4 2025 2026-02-26
Adjusted EBITDA and net revenue grew over 16% year-over-year, with record patient visit volumes and strong margin improvement despite Medicare headwinds. Two exclusive hospital alliances and multiple acquisitions are set to drive further growth and margin expansion in 2026.
Q3 2025 Q3 2025 2025-11-06
Record Q2 with strong revenue and margin growth in both physical therapy and injury prevention segments, driven by acquisitions, operational efficiencies, and robust demand. Raised full-year adjusted EBITDA guidance and authorized a $25M share repurchase program.
Q2 2025 Q2 2025 2025-08-07
Record Q2 driven by strong growth in physical therapy and industrial injury prevention, with adjusted EBITDA up 21% year-over-year. Raised 2025 guidance, expanded margins, and launched a $25M share repurchase program, while continuing to invest in technology and acquisitions.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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