U S Physical Therapy Inc income statement

In fiscal 2025, U S Physical Therapy Inc reported revenue of $781m, up 16.3% on the year before, operating income of $86.7m (a 11.1% margin) and net income of $39.6m, or $1.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

U S Physical Therapy Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	201	211	232	250	264	305	331	357	414	454	482	423	495	553	605	671	781	812
Gross profit	—	56	56	63	65	76	78	82	91	102	112	94	117	112	122	124	150	152
Selling, general and administrative	—	—	—	—	26	30	31	32	36	41	45	42	47	46	52	58	69	73
Operating income	28	33	31	38	39	46	47	50	55	60	67	52	71	57	51	63	87	77
Interest expense	0	0	0	1	1	7	7	11	21	2	2	—	—	—	—	—	—	—
Income before tax	28	34	36	38	38	38	40	38	34	60	71	66	73	56	49	60	78	67
Income tax	8	9	10	11	12	13	14	12	6	11	14	13	15	12	12	15	20	18
Net income	12	16	21	18	13	19	21	21	22	35	40	35	41	32	28	31	40	32
Diluted EPS	$1.00	$1.32	$1.75	$1.51	$1.05	$1.62	$1.77	$1.64	$1.76	$1.31	$2.45	$2.48	$2.41	$2.25	$1.28	$1.84	$1.42	$2.13
Diluted shares (average)	12m	12m	12m	12m	12m	12m	12m	13m	13m	13m	13m	13m	13m	13m	14m	15m	15m	15m
EBITDA	34	39	37	44	44	53	55	58	64	70	78	63	82	72	66	82	109	98

US$ millions unless shown otherwise. Fiscal quarters.

U S Physical Therapy Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	168	180	184	197	197	203	198	214
Gross profit	29	33	31	42	37	40	33	42
Selling, general and administrative	14	16	16	17	17	18	18	19
Operating income	13	20	20	25	25	17	12	22
Income before tax	12	18	17	23	23	15	11	19
Income tax	3	6	4	5	5	6	2	4
Net income	7	9	10	12	13	4	5	10
Diluted EPS	$0.39	$0.52	$0.80	$0.58	$0.48	−$0.43	−$0.12	$0.25
EBITDA	17	25	26	31	31	21	18	28

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from U S Physical Therapy Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to U S Physical Therapy Inc.