U S PHYSICAL THERAPY INC USPH 71.34
Health Care · NYSE · Data as of 2026-08-07
U S PHYSICAL THERAPY INC (USPH) has delivered +7.8% annualized revenue growth, +4.2% earnings growth, and +15.4% dividend growth over 10 years of data. Ranked #229 of 1968 stocks overall and #23 of 260 in the Health Care sector by Steady Score.
About U S PHYSICAL THERAPY INC
Company Overview
U.S. Physical Therapy operates outpatient clinics that provide physical and occupational therapy. Clinicians treat orthopedic injuries, post-surgical patients, workers' compensation cases and other mobility conditions through exercise, manual therapy and rehabilitation programs. The company also provides industrial injury-prevention and employer services. Patients are referred by physicians, employers, insurers or direct access, depending on local rules.
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Business Model & Revenue
Revenue is earned from therapy visits reimbursed by commercial insurers, Medicare, workers' compensation programs and patients, plus contracts for industrial services. Clinic economics depend on patient volume, reimbursement per visit, therapist capacity and rent. U.S. Physical Therapy commonly partners with local clinicians who retain an ownership interest, aligning operations and referrals while the company provides capital, administration and compliance support.
Key Facts & Market Position
The partnership model preserves local clinical leadership within a scaled administrative network. Growth comes from acquiring or opening clinics and increasing visits, while industrial services diversify beyond traditional reimbursement. Therapist recruitment, payer rate pressure and referral relationships are important constraints, and healthcare billing rules vary across states and payers.