U.S. Physical Therapy, Inc. (USPH) — Financial statements
Income statement, balance sheet, and cash flow for U.S. Physical Therapy, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 781↑16.3% | 671↑11.0% | 605↑9.3% | 553↑11.7% | 495 | |
| Cost of Revenue | 624↑13.9% | 547↑13.3% | 483↑9.6% | 441↑16.7% | 378 | |
| Gross Profit | 157↑27.0% | 124↑2.0% | 122↑8.5% | 112↓4.4% | 117 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 58 | 0.00↓100.0% | 46↓0.9% | 47 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 58 | 0.00↓100.0% | 46↓0.9% | 47 | |
| Other Expenses | 77↑3080.6% | 2↓96.5% | 69↑662.2% | 9 | 0.00 | |
| Operating Expenses | 77↑26.7% | 61↓12.6% | 69↑25.8% | 55↑18.7% | 47 | |
| Total Costs & Expenses | 701↑15.2% | 608↑10.0% | 553↑11.4% | 496↑17.0% | 424 | |
| Operating Results | ||||||
| Operating Income | 80↑27.2% | 63↑21.4% | 52↓8.3% | 57↓19.6% | 71 | |
| Depreciation & Amortization | 22↑19.9% | 19↑19.0% | 16↑6.5% | 15↑27.2% | 12 | |
| EBITDA | 110↑26.2% | 87↑16.8% | 74↓2.3% | 76↓11.2% | 86 | |
| EBIT | 87↑27.9% | 68↑16.3% | 59↓4.4% | 61↓17.2% | 74 | |
| Interest & Other Income | ||||||
| Net Interest Income | -9↓129.6% | -4↑26.3% | -6↑4.3% | -6↓513.5% | -0.94 | |
| Interest Income | 0.11↓97.3% | 4↑4.4% | 4 | 0.00 | 0.00 | |
| Interest Expense | 9↑18.0% | 8↓13.8% | 9↑61.0% | 6↑513.5% | 0.94 | |
| Non-Operating Income | -7↓36.5% | -5↑24.3% | -7↓45.5% | -5↓30.4% | -3 | |
| Other Income / Expenses | -3↑12.8% | -3↓11.9% | -3↓118.3% | -1↓148.3% | 3 | |
| Income Before Tax | 78↑29.2% | 60↑21.9% | 49↓11.1% | 56↓24.1% | 73 | |
| Income Tax Expense | 20↑35.6% | 15↑20.2% | 12↓0.1% | 12↓20.4% | 15 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 58↑27.2% | 46↑22.5% | 37↓14.3% | 43↓25.1% | 58 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 15↓43.1% | 26↑80.3% | 15↓48.1% | 28↑1.6% | 28 | |
| Bottom-Line Net Income | 22↓22.2% | 28↑52.9% | 18↓38.0% | 29↓6.0% | 31 | |
| EPS (Basic) | 1.42↓22.8% | 1.84↑43.8% | 1.28↓61.7% | 3.34↓25.6% | 4.49 | |
| EPS (Diluted) | 1.42↓22.8% | 1.84↑43.8% | 1.28↓61.7% | 3.34↓25.6% | 4.49 | |
| Weighted Average Shares | 15↑0.7% | 15↑6.2% | 14↑9.3% | 13↑0.7% | 13 | |
| Weighted Average Diluted Shares | 15↑0.7% | 15↑6.2% | 14↑9.3% | 13↑0.7% | 13 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.