U.S. Physical Therapy, Inc.
U.S. Physical Therapy, Inc. (NYSE: USPH) operates outpatient physical, occupational and speech therapy clinics and home-care practices, treating orthopedic conditions, sports injuries and injured workers, and provides onsite injury prevention and rehabilitation services to employers. Its physical therapy operations… From the company’s description.
Over the twelve months to Sep 30, 2026, U.S. Physical Therapy, Inc. reported revenue of $837.63M, up 10.4% from a year earlier, and net income of $49.81M. Its operating margin was 9.1%, and operations generated $88.83M in cash. In fiscal 2025, it reported revenue of $780.99M, up 16.3% from fiscal 2024, and net income of $58.01M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What U.S. Physical Therapy, Inc. does
In the company’s own words
U.S. Physical Therapy, Inc. (NYSE: USPH) operates outpatient physical, occupational and speech therapy clinics and home-care practices, treating orthopedic conditions, sports injuries and injured workers, and provides onsite injury prevention and rehabilitation services to employers. Its physical therapy operations segment includes clinics, home care, management services for hospitals and other providers, and related services such as athletic trainers for schools; the industrial injury prevention services segment serves employers, insurers and their contractors with injury prevention, performance optimization, employment testing, functional capacity evaluations and ergonomic assessments. Physical therapy customers include patients whose care is paid for by commercial insurers, government programs and workers’ compensation, while IIP services are mainly contracted and paid for directly by employers. The company generally operates through clinic partnerships with local therapist owners, as well as wholly owned facilities, and also manages some third-party clinics under contract. At December 31, 2025, it owned or managed 780 clinics in 44 states. Its website is www.usph.com.
Company details
- Sector
- Health Care
- Industry (SIC)
- Health Services
- Headquarters
- HOUSTON, TX
- Fiscal year end
- December
- CIK
- 885978
- SIC
- 8000
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns U.S. Physical Therapy, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · U.S. Physical Therapy, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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