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U.S. Physical Therapy, Inc. (USPH) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Healthcare · Medical Care Facilities · DATA UPDATED 2026-07-10

U.S. Physical Therapy, Inc. (USPH) operates in the Medical Care Facilities industry and is headquartered in Houston, United States with about 4,653 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, USPH reported $781M in revenue and $15M in net income.

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.

Interactive charts & full statements → Open the USPH valuation workbench →

USPH Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$781M$671M$605M$553M
Gross Profit$150M$124M$122M$112M
Operating Income (EBIT)$80M$66M$70M$66M
Net Income$15M$26M$15M$28M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

USPH Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$198M$203M$197M$197M$184M
Gross Profit$33M$40M$37M$42M$31M
Operating Income (EBIT)$14M$22M$20M$24M$15M
Net Income($4M)($10M)$5M$8M$13M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

USPH Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($27M)($26M)($24M)($21M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

USPH Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($7M)($7M)($7M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

USPH Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$1.2B$1.2B$997M$858M
Total Liabilities$434M$408M$345M$374M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive USPH viewer.

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