US PHYSICAL THERAPY INC (USPH)
Health Care · Outpatient rehabilitation and occupational health services · NYSE
A roll-up platform consolidating fragmented outpatient physical therapy and occupational therapy clinics while building a B2B workplace injury prevention and ergonomics business serving Fortune 500 employers.
What US PHYSICAL THERAPY INC does
U.S. Physical Therapy operates a network of outpatient physical therapy, occupational therapy, and speech therapy clinics, along with home-care practices, primarily serving orthopedic and sports-related conditions. Through its Industrial Injury Prevention (IIP) segment, the company provides onsite workplace services including injury prevention, rehabilitation, functional capacity evaluations, ergonomic assessments, and post-offer employment testing, largely contracted by Fortune 500 employers. The company grows primarily through acquisitions of individual therapy clinics and IIP practices, typically taking majority ownership stakes alongside local clinician partners.
Themes: ["Outpatient rehabilitation and therapy services","Occupational health and workplace injury prevention","Healthcare staffing and clinic management","Post-operative and orthopedic rehabilitation","Industrial workplace services"]
Fundamentals
- Price$73.45 as of 2026-07-09 close
- Market cap$1.1B as of 2026-07-10
- 1-year return-4.0% as of 2026-07-09 close
- P/E30.41 as of 2026-07-10
- Net margin+4.4% as of 2026-07-10
- Gross margin+19.0% as of 2026-07-10
- ROE+7.1% as of 2026-07-10
- Debt / equity0.44 as of 2026-07-10
- Revenue growth (YoY)+13.7% as of 2026-07-10
- Revenue CAGR (3y)+12.2% SEC XBRL
- Beta1.14 as of 2026-07-10
Dividend: yield +2.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on acquisitions and integration of multiple clinic partnerships and IIP businesses; any slowdown in acquisition activity or integration challenges could impact growth trajectory.","Reimbursement pressure from payers (insurers, workers' compensation) and regulatory changes affecting therapy service pricing and billing.","Reliance on skilled clinician partners who retain minority equity stakes; loss of key partners or disputes could disrupt clinic operations."]
Competitors & peers
- Encompass Health Corporation (EHC)
- Amedisys Inc (AMED)
- BrightSpring Health Services (BRSP)
- Select Medical Holdings (SEM)
- LHC Group (LHCG)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.