Feed / USPH

U.S. Physical Therapy, Inc.

USPH

Healthcare · 78.54 +0.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:35 GMT-4

Market read

U.S. Physical Therapy, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 34 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+0.9% todayVolume comparison unavailable
Market group0 of 34 activeRegional Banks · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • USPH's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if USPH's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Medical Care Facilities

No new filing conclusion is available. 0 of 34 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • USPH's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements61
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +16.3% year over year.
  • Operating margin changed +1.7 percentage points in the latest annual period.
  • Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 34% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

78.54
6m-5.4%12m-5.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$495.0M+17.0%$2.41+0.5%
2022-12-31$553.1M+11.7%$2.25+0.7%
2023-12-31$604.8M+9.3%$1.28+9.3%
2024-12-31$671.3M+11.0%$1.84+6.2%
2025-12-31$781.0M+16.3%$1.42+0.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
Other (Expenses) Income Interest Expense, Debt and Other Interest expense increased by $0.5 million to $2.7 million for the 2026 First Quarter compared to $2.3 million for the 2025 First Quarter due to a higher average outstanding balance on our revolving cre…
10-Q · May 8, 2026
Restructuring and cost reductionsmixed · 1 filings
The impairment charge during the year ended December 31, 2023 was related to a reporting unit in the IIP business as a result of a change in the reporting unit’s current and projected operating income as well as various market inputs based on current market c…
10-K · Feb 27, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.5× · EV/sales 1.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

78.54+0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for USPH. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for USPH. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind USPH

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

METRYFiling-linked nameinvesteeMay 8, 2026

49 Table of Contents On April 30, 2025, we acquired an outpatient home-care physical and speech therapy practice through our 50%-owned subsidiary, Metro.

METRYFiling-linked namepartnerMay 8, 2026

Strategic Hospital Alliances On February 2, 2026, we announced a 10-year strategic alliance between our subsidiary partner, Metro, and a prominent New York hospital system, whereby 60 of Metro’s existing outpatient physical therapy clinics in New York will be…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

USPH is currently a Follower in the organic co-movement group Regional Banks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for USPH; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.