USPH (US Physical Therapy) Net Margin %: -2.18% (As of Mar. 2026)


USPH US Physical Therapy Inc USPH
77 GF Score
Price $66.21
GF Value $107.60
Valuation Significantly Undervalued
! 5 Warning Signs
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What is US Physical Therapy Net Margin %?

US Physical Therapy USPH +4.27% 77 Net Margin % is -2.18% as of Mar. 2026. GuruFocus rates USPH with a GF Score™ of 77/100 and a GF Value™ of $107.60 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 668 Healthcare Providers & Services companies, US Physical Therapy ranks worse than 65.42% on this metric.

Net margin is calculated as Net Income divided by its Revenue. US Physical Therapy's Net Income for the three months ended in Mar. 2026 was $-4.3 Mil. US Physical Therapy's Revenue for the three months ended in Mar. 2026 was $198.3 Mil. Therefore, US Physical Therapy's net margin for the quarter that ended in Mar. 2026 was -2.18%.

The historical rank and industry rank for US Physical Therapy's Net Margin % or its related term are showing as below:

USPH' s Net Margin % Range Over the Past 10 Years
Min: -0.26   Med: 5.22   Max: 7.23
Current: -0.26


USPH's Net Margin % is ranked worse than
65.42% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 2.885 vs USPH: -0.26

US Physical Therapy  (NYSE:USPH) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


US Physical Therapy Net Margin % Related Terms


US Physical Therapy Net Margin % Historical Data

* Premium members only.

The historical data trend for US Physical Therapy's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

US Physical Therapy Net Margin % Chart

US Physical Therapy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.62 5.11 2.43 3.94 1.93

US Physical Therapy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.97 3.84 2.65 -5.20 -2.18

USPH vs INNV, NUTX, AMN: Net Margin % Comparison

For the Medical Care Facilities subindustry, US Physical Therapy's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


US Physical Therapy Net Margin % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Net Margin % distribution charts can be found below:

* The bar in red indicates where US Physical Therapy's Net Margin % falls into.


USPH
77GF Score
US Physical Therapy Inc USPH
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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US Physical Therapy Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

US Physical Therapy's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=15.062/780.99
=1.93 %

US Physical Therapy's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-4.331/198.286
=-2.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -2.18% mean?
US Physical Therapy (USPH) has a Net Margin % of -2.18% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on US Physical Therapy and its competitors. According to the industry distribution chart, US Physical Therapy ranks #437 out of 668 companies in the Healthcare Providers & Services industry, placing it in the top 65.4%.
Is US Physical Therapy's Net Margin % too high?
US Physical Therapy's current Net Margin % is -2.18%. Based on the distribution chart, US Physical Therapy ranks #437 out of 668 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, US Physical Therapy has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's Net Margin % compare to INNV and NUTX?
According to the Healthcare Providers & Services industry distribution chart, US Physical Therapy ranks #437 out of 668 companies for Net Margin %. This places US Physical Therapy in the lower half of its industry. The industry median Net Margin % is 2.89. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Healthcare Providers & Services company?
The median Net Margin % among Healthcare Providers & Services companies is 2.89, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on US Physical Therapy and its competitors. For the Healthcare Providers & Services industry, the median Net Margin % is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Physical Therapy's current Net Margin % is -2.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Physical Therapy stock overvalued right now?
Based on GuruFocus' analysis, US Physical Therapy (USPH) is currently considered Significantly Undervalued. The stock's GF Value™ is $107.60, compared to a current price of $66.21 — trading 38.5% below its estimated fair value. The current Net Margin % is -2.18%. US Physical Therapy's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For US Physical Therapy (USPH), the current Net Margin % is -2.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is US Physical Therapy (USPH) Overvalued in 2026?

Based on GuruFocus' analysis, US Physical Therapy stock appears to be undervalued. The current stock price of $66.21 is trading 38.5% below its estimated GF Value™ of $107.60. GuruFocus considers US Physical Therapy to be Significantly Undervalued.

Key valuation signals for USPH:

  • Net Margin %: -2.18%
  • GF Value™: $107.60 vs. price of $66.21 (38.5% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the USPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


US Physical Therapy Business Description

Address 1300 West Sam Houston Parkway South, Suite 300, Houston, TX, USA, 77042
US Physical Therapy Inc through its subsidiaries operate outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal payment sources for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.
77GF Score

Get the complete analysis for USPH

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$66.21
Price
$107.60
GF Value