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US Physicalrapy Inc (USPH)

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Upturn Advisory Summary
12/05/2025: USPH (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $105.33
1 Year Target Price $105.33
| 2 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -29.92% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.14B USD | Price to earnings Ratio 31.66 | 1Y Target Price 105.33 |
Price to earnings Ratio 31.66 | 1Y Target Price 105.33 | ||
Volume (30-day avg) 7 | Beta 1.32 | 52 Weeks Range 61.67 - 95.83 | Updated Date 12/6/2025 |
52 Weeks Range 61.67 - 95.83 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 2.35% | Basic EPS (TTM) 2.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-11-11 | When - | Estimate 0.67 | Actual 0.66 |
Profitability
Profit Margin 5.95% | Operating Margin (TTM) 9.95% |
Management Effectiveness
Return on Assets (TTM) 4.26% | Return on Equity (TTM) 8.44% |
Valuation
Trailing PE 31.66 | Forward PE 27.55 | Enterprise Value 1437372279 | Price to Sales(TTM) 1.52 |
Enterprise Value 1437372279 | Price to Sales(TTM) 1.52 | ||
Enterprise Value to Revenue 1.89 | Enterprise Value to EBITDA 12.63 | Shares Outstanding 15204119 | Shares Floating 14890306 |
Shares Outstanding 15204119 | Shares Floating 14890306 | ||
Percent Insiders 1.94 | Percent Institutions 107.87 |
Upturn AI SWOT
US Physicalrapy Inc

Company Overview
History and Background
US Physical Therapy, Inc. was founded in 2003 and has grown through the acquisition and development of outpatient physical therapy clinics.
Core Business Areas
- Outpatient Physical Therapy: Provides physical therapy services for musculoskeletal impairments, sports-related injuries, and post-operative rehabilitation. Services also include prevention and wellness programs.
Leadership and Structure
The company is led by a management team focused on organic growth and strategic acquisitions. Its structure includes regional directors overseeing clinic operations.
Top Products and Market Share
Key Offerings
- Physical Therapy Services: This includes evaluations, treatments, and rehabilitation programs. US Physical Therapy's market share is approximately 3-4% nationally. Competitors include ATI Physical Therapy, Select Medical (through its Concentra and NovaCare Rehabilitation divisions), and smaller regional practices. Revenue tied to these services constitutes the bulk of USP's income.
Market Dynamics
Industry Overview
The physical therapy industry is growing due to an aging population, increasing prevalence of sports-related injuries, and growing awareness of the benefits of physical therapy. The industry is fragmented with large national players and numerous smaller local practices.
Positioning
US Physical Therapy is a national player with a strategy of acquiring and developing clinics in underserved markets. It benefits from economies of scale and brand recognition.
Total Addressable Market (TAM)
The TAM for outpatient rehabilitation services in the US is estimated to be over $40 billion. US Physical Therapy's revenue represents a small fraction of this TAM, indicating substantial growth potential.
Upturn SWOT Analysis
Strengths
- National presence
- Experienced management team
- Strong acquisition track record
- Diversified revenue base across multiple clinics
Weaknesses
- Dependence on third-party payers (insurance companies)
- Exposure to regulatory changes in healthcare
- Competition from larger healthcare systems
- Geographic concentration in certain regions
Opportunities
- Expansion into new geographic markets
- Increased focus on telehealth and digital health solutions
- Partnerships with hospitals and physician groups
- Acquisition of smaller physical therapy practices
Threats
- Changes in reimbursement rates from insurance companies
- Increased competition from other physical therapy providers
- Economic downturn affecting patient demand
- Rising operating costs (rent, labor, etc.)
Competitors and Market Share
Key Competitors
- ATI Physical Therapy (Private)
- Select Medical (SEM)
- Ensign Group (ENSG)
Competitive Landscape
US Physical Therapy competes with large national chains, regional providers, and individual practices. USP focuses on high-quality care and strategic acquisitions.
Major Acquisitions
Multiple Independent Clinics
- Year: 2023
- Acquisition Price (USD millions): 20
- Strategic Rationale: Expansion into new and existing markets, adding specialized services and talent.
Growth Trajectory and Initiatives
Historical Growth: US Physical Therapy has grown through acquisitions and organic clinic growth.
Future Projections: Analysts project continued growth, fueled by industry trends and strategic acquisitions.
Recent Initiatives: Recent strategic initiatives include acquisitions of new clinics and expansion of telehealth services.
Summary
US Physical Therapy shows moderate strength supported by strategic acquisitions and a growing demand for physical therapy services. Its reliance on third-party payers and the competitive landscape present challenges. USP's focus on expanding its geographic footprint and services will be crucial for sustained growth. Regulatory changes also bear consideration. Overall, USP maintains a stable position within a growing industry.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company reports
- Industry analysis reports
- Financial news sources
- Public filings
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About US Physicalrapy Inc
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 1992-05-28 | CEO & Chairman Mr. Christopher J. Reading | ||
Sector Healthcare | Industry Medical Care Facilities | Full time employees 4034 | Website https://www.usph.com |
Full time employees 4034 | Website https://www.usph.com | ||
U.S. Physical Therapy, Inc. operates and manages outpatient physical therapy clinics. The company operates through two segments, Physical Therapy Operations and Industrial Injury Prevention Services. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. It offers industrial injury prevention services, including onsite injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments through physical therapists and specialized certified athletic trainers for Fortune 500 companies, and other clients comprising insurers and their contractors. U.S. Physical Therapy, Inc. was founded in 1990 and is based in Houston, Texas.

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