Pennant Group vs U S Physical Therapy
Pennant Group is the larger business, with $948m of revenue in fiscal 2025 against $781m for U S Physical Therapy (1.2 times as much). Pennant Group grew faster (36.3% against 16.3%). U S Physical Therapy kept more of each dollar of sales as profit: a net margin of 5.1% against 3.1%. U S Physical Therapy carries less debt relative to equity (34.1% against 46.8%).
| Latest fiscal year | Pennant GroupPNTG, 2025 | U S Physical TherapyUSPH, 2025 |
|---|---|---|
| Revenue | $948m | $781m |
| Revenue growth | 36.3% | 16.3% |
| Net income | $29.6m | $39.6m |
| Operating margin | 5.5% | 11.1% |
| Net margin | 3.1% | 5.1% |
| Return on equity | 8.6% | 8.2% |
| Free cash flow | $36.3m | $61.0m |
| Cash | $17.0m | $35.6m |
| Total debt | $175m | $162m |
| Debt to equity | 46.8% | 34.1% |
| Dividend per share | — | $1.80 |
| Dividend yield | — | — |
| Share buybacks | — | $5.6m |
| Employees | 9,700 | 7,294 |
| Market value | $1.43bn | $1.29bn |
| Price vs our value range | Within our value range | — |
| Moat score | 21 (Weak) | 46 (Moderate) |
| Insider trades, 12 months | 0 buys, 9 sales | 5 buys, 5 sales |