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NYSE · Health careU S Physical Therapy Inc (USPH)
U S Physical Therapy Inc brought in $837.6M of revenue over the twelve months to September 30, 2026, up 10.4% from a year earlier. Net income was $30.1M, a net margin of 3.6%. Operating cash flow minus capital spending left $61M of free cash flow in fiscal 2025. At September 30, 2026 it held $38.2M in cash against $246.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about U S Physical Therapy Inc
- Net worth
- U S Physical Therapy Inc has a market value (market cap) of $1.5B at the latest share price, and shareholders' equity of $429.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $781M (+16.3% year on year), with net income of $39.6M. Over the 12 months to September 30, 2026: revenue $837.6M, net income $30.1M.
- Cash flow
- In fiscal 2025 operations brought in $75.1M of cash; after $14.1M of capital spending, free cash flow was $61M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- U S Physical Therapy Inc's next report is expected around May 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- U S Physical Therapy Inc declared dividends of $1.80 per share in fiscal 2025, a yield of 1.83% at the current price.
What U S Physical Therapy Inc does
U S Physical Therapy Inc is registered with the SEC under industry code SIC 8000 (Services-Health Services). Its shares trade on NYSE under the ticker USPH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $781M | $39.6M | $1.42 | $61M |
| 2024 | $671.3M | $31.4M | $1.84 | $65.8M |
| 2023 | $604.8M | $28.2M | $1.28 | $72.7M |
| 2022 | $553.1M | $32.2M | $2.25 | $50.3M |
| 2021 | $495M | $40.8M | $2.41 | $68.2M |
| 2020 | $423M | $35.2M | $2.48 | $92.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where USPH ranks in Health care
Dividends
U S Physical Therapy Inc declared $1.80 per share in fiscal 2025. At the current price that is a yield of 1.83%. It paid out $27.4M in cash dividends, 69% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.80 | $27.4M | 69% |
| 2024 | $1.76 | $26.5M | 84% |
| 2023 | $1.72 | $24.1M | 85% |
| 2022 | $1.64 | $21.3M | 66% |
| 2021 | $1.46 | $18.8M | 46% |
| 2020 | $0.32 | $4.1M | 12% |
Latest SEC filings
What U S Physical Therapy Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 6, 2026
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 13% to $222.6M versus the same quarter last year; diluted EPS -$1.04 versus $0.48.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 13, 2026Passive stake (5% or more) SCHEDULE 13G
- September 28, 2026Material agreement8-KU.S. Physical Therapy entered into a forward-starting interest rate swap agreement with Bank of America with an initial notional amount of $170.6 million.
- September 21, 2026Executive or director change8-KU.S. Physical Therapy appointed Myra Davis to its Board of Directors effective October 1, 2026.
- August 14, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026
What is USPH worth? A DCF from its reported cash flow
Insider trades
What the people running U S Physical Therapy Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $416.3 worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Davis MyraDirector | Received as pay | 1,210 | - |
| September 14, 2026 | Etta NchachaEVP & Chief Financial Officer | Received as pay | 6,831 | - |
| September 11, 2026 | Minan Peter FrancisDirector | Bought | 5 | $416.3 |
| August 20, 2026 | Reeve Graham D.COO | Shares withheld for tax | 762 | $59.4K |
| August 20, 2026 | Binstein RichardEVP Gen'l Counsel & Secretary | Shares withheld for tax | 450 | $35.1K |
| August 20, 2026 | Curtis Jason TravisInterim CFO | Shares withheld for tax | 40 | $3.1K |
| August 20, 2026 | Williams Eric JosephPresident and COO | Shares withheld for tax | 714 | $55.7K |
| June 12, 2026 | Minan Peter FrancisDirector | Bought | 1 | $57.9 |
Who owns USPH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| OR13G, passive with 2 related filers | 7.41% | November 13, 2024 |
| Copeland Capital Management, LLC13G, passive | 6.3% | October 13, 2026 |
| Kayne Anderson Rudnick Investment Management, LLC13G, passive | 5.6% | August 13, 2026 |
| Vanguard Capital Management13G, passive | 5.14% | April 30, 2026 |
| Bahl & Gaynor Inc13G, passive | 5.1% | May 8, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 217 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 2,264,202 | +55,691 |
| Bahl & Gaynor LLC | 861,574 | +16,186 |
| Kayne Anderson Rudnick Investment Management LLC | 846,674 | -219,182 |
| Copeland Capital Management, LLC | 841,544 | +4,713 |
| State Street Corp | 707,186 | +58,799 |
| Morgan Stanley | 698,690 | -303,778 |
| Vanguard Capital Management LLC | 674,195 | +10,133 |
| Neuberger Berman Group LLC | 598,894 | +589,645 |
| American Century Companies Inc | 558,818 | +222,371 |
| Southernsun Asset Management, LLC | 527,765 | +87,861 |
| Dimensional Fund Advisors LP | 513,913 | +6,519 |
| William Blair Investment Management, LLC | 436,996 | +59,133 |
| Schroder Investment Management Group | 433,745 | +177,230 |
| Geode Capital Management, LLC | 385,726 | +19,771 |
| Boston Trust Walden Corp | 381,125 | -18,984 |
| Vanguard Portfolio Management LLC | 329,161 | +16,852 |
| Bank of America Corp | 282,192 | -272,429 |
| Northern Trust Corp | 230,937 | +20,009 |
| Envestnet Asset Management Inc | 204,339 | -68,770 |
| Crawford Investment Counsel Inc | 179,078 | +27,201 |
Insiders
13 insiders reported holding 347,905 shares in total, about $34.3M at the last price.
| Holder | Shares |
|---|---|
| Reading Christopher JChairman of the Board and CEO, Director | 139,088 |
| Williams Eric JosephPresident and COO | 39,617 |
| Reeve Graham D.COO | 28,554 |
| Hendrickson Carey PChief Financial Officer | 27,808 |
| Gilmartin Kathleen ADirector | 27,092 |
| Binstein RichardEVP Gen'l Counsel & Secretary | 24,417 |
| Harris Bernard A JrDirector | 20,914 |
| Swanson Regg E.Director | 15,492 |
| Motsenbocker AnneDirector | 9,812 |
| Etta NchachaEVP & Chief Financial Officer | 6,831 |
Questions about USPH
What does U S Physical Therapy Inc do?
U S Physical Therapy Inc is a company in the Health care sector, listed on NYSE as USPH. Its shares trade on NYSE under the ticker USPH.
What is U S Physical Therapy Inc's net worth?
U S Physical Therapy Inc has a market value (market cap) of $1.5B at the latest share price, and shareholders' equity of $429.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is U S Physical Therapy Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $30.1M on revenue of $837.6M, a net margin of 3.6%.
How much revenue does U S Physical Therapy Inc make?
Over the twelve months to September 30, 2026 U S Physical Therapy Inc reported revenue of $837.6M. That is 10.4% more than a year earlier.
When did U S Physical Therapy Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the investor disclosure from November 9, 2026.
When is U S Physical Therapy Inc's next earnings report?
U S Physical Therapy Inc's next report is expected around May 5, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does U S Physical Therapy Inc pay a dividend?
Yes. U S Physical Therapy Inc declared dividends of $1.80 per share in fiscal 2025, a yield of 1.83% at the current price.
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Where the numbers come from
Financial figures are the values U S Physical Therapy Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.