U.S. Physical Therapy (USPH) revenue breakdown

Healthcare · Medical Care Facilities · Market cap $1.3B

By segment, Physical Therapy Operations is the largest at 85% of fiscal 2025 revenue; Industrial Injury Prevention Services Revenues grew fastest, 24% a year over 7 years.

By product, Net Patient Revenues is the largest at 83% of fiscal 2025 revenue; Other Revenues Including Management Contract Revenues and Industrial Injury Prevention Services Revenues grew fastest, 20% a year over 7 years.

Revenue by segment

Fiscal years, as U.S. Physical Therapy reports them in its 10-K filings; fiscal 2025 total $781M.

Segments20182019202020212022202320242025Share
Physical Therapy Operations$428M$445M$384M$451M$476M$527M$574M$667M 85%
Industrial Injury Prevention Services Revenues$25M$37M$39M$44M$77M$78M$97M$114M 15%

Revenue by product

Fiscal years, as U.S. Physical Therapy reports them in its 10-K filings; fiscal 2025 total $781M.

Products2016201720182019202020212022202320242025Share
Net Patient Revenues$349M$389M$418M$433M$373M$438M$465M$515M$561M$650M 83%
Other Revenues Including Management Contract Revenues and Industrial Injury Prevention Services Revenues——$36M$49M$50M$57M$89M$90M$111M$131M 17%
Industrial Injury Prevention Services Revenues—$15M———————— —
Management Contract Revenues$6M$6M———————— —
Other Revenues$2M$4M———————— —
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Questions

Where does U.S. Physical Therapy make its money?

In fiscal 2025, by segment: Physical Therapy Operations $667M, Industrial Injury Prevention Services Revenues $114M.

From U.S. Physical Therapy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.