U.S. Physical Therapy, Inc.

NYSE:USPH Stock Report

Market Cap: US$997.7m

U.S. Physical Therapy Dividends and Buybacks

Dividend criteria checks 3/6

U.S. Physical Therapy is a dividend paying company with a current yield of 2.81%.

Key information

2.8%

Dividend yield

0.6%

Buyback Yield

Total Shareholder Yield3.4%
Future Dividend Yield2.8%
Dividend Growth11.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio358%

Recent dividend and buyback updates

Recent updates

Narrative Update Jun 13

USPH: Hospital Alliances And Medicare Pricing Will Support Future Margin Upside

Analysts have lowered their price target on U.S. Physical Therapy to $90 from $103, citing somewhat lower profitability expectations and a higher projected net debt load following a mixed Q1 report. What's in the News From January 1, 2026 to March 31, 2026, U.S. Physical Therapy reported no share repurchases, with 0 shares bought for US$0 million under its existing buyback program (Key Developments).
Narrative Update May 30

USPH: Hospital Alliances And Medicare Pricing Will Drive Future Margin Recovery

Analysts have trimmed their blended price target on U.S. Physical Therapy from about $107 to roughly $94, reflecting lower P/E assumptions and somewhat softer profitability expectations, along with higher net debt. They also note potential margin improvement supported by hospital alliances and improved Medicare rates.
Seeking Alpha May 22

U.S. Physical Therapy: The Valuation Reset Changes The Story (Rating Upgrade)

Summary U.S. Physical Therapy, Inc. has seen valuation multiples compress significantly despite continued revenue growth and new strategic initiatives. U.S. Physical Therapy reported Q1 2026 revenue of $198.3M (+7.9% YoY) but missed EPS expectations due to higher costs from acquisitions and clinic startups. Management is pursuing hospital partnerships and shifting toward private insurance, aiming to boost clinic utilization and reduce reliance on Medicare/Medicaid. I now rate U.S. Physical Therapy as hold, reflecting improved risk/reward at current valuation but acknowledging persistent structural challenges and margin pressures. Read the full article on Seeking Alpha
Analysis Article Sep 12

These 4 Measures Indicate That U.S. Physical Therapy (NYSE:USPH) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Aug 02

Pinning Down U.S. Physical Therapy, Inc.'s (NYSE:USPH) P/E Is Difficult Right Now

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Analysis Article Jul 11

U.S. Physical Therapy (NYSE:USPH) Is Reinvesting At Lower Rates Of Return

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analysis Article Jun 10

Here's Why U.S. Physical Therapy (NYSE:USPH) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article May 14

Here's Why It's Unlikely That U.S. Physical Therapy, Inc.'s (NYSE:USPH) CEO Will See A Pay Rise This Year

Key Insights U.S. Physical Therapy's Annual General Meeting to take place on 20th of May CEO Chris Reading's total...
Analysis Article Mar 24

Should You Think About Buying U.S. Physical Therapy, Inc. (NYSE:USPH) Now?

U.S. Physical Therapy, Inc. ( NYSE:USPH ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article Mar 01

U.S. Physical Therapy, Inc. Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that U.S. Physical Therapy, Inc. ( NYSE:USPH ) released its yearly result to the market...
Analysis Article Feb 28

U.S. Physical Therapy (NYSE:USPH) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jan 03

Capital Allocation Trends At U.S. Physical Therapy (NYSE:USPH) Aren't Ideal

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article Nov 09

Shareholders Should Be Pleased With U.S. Physical Therapy, Inc.'s (NYSE:USPH) Price

When close to half the companies in the Healthcare industry in the United States have price-to-sales ratios (or "P/S...
User avatar
New Narrative Sep 14

Tactical Contract Renegotiations And Innovative Recruitment Tactics Propel Revenue Growth And Margin Expansion

Innovations in recruitment and operational efficiencies are set to bolster net margins despite a tight labor market and high costs.
Analysis Article Aug 07

U.S. Physical Therapy (NYSE:USPH) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Analysis Article Jul 17

U.S. Physical Therapy (NYSE:USPH) Has A Rock Solid Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 04

U.S. Physical Therapy, Inc.'s (NYSE:USPH) Business Is Trailing The Industry But Its Shares Aren't

When you see that almost half of the companies in the Healthcare industry in the United States have price-to-sales...
Analysis Article May 21

There May Be Reason For Hope In U.S. Physical Therapy's (NYSE:USPH) Disappointing Earnings

The market for U.S. Physical Therapy, Inc.'s ( NYSE:USPH ) shares didn't move much after it posted weak earnings...
Analysis Article May 11

U.S. Physical Therapy (NYSE:USPH) Is Due To Pay A Dividend Of $0.44

The board of U.S. Physical Therapy, Inc. ( NYSE:USPH ) has announced that it will pay a dividend of $0.44 per share on...
Analysis Article May 05

Returns On Capital Signal Tricky Times Ahead For U.S. Physical Therapy (NYSE:USPH)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 21

A Look At The Fair Value Of U.S. Physical Therapy, Inc. (NYSE:USPH)

Key Insights Using the 2 Stage Free Cash Flow to Equity, U.S. Physical Therapy fair value estimate is US$113 U.S...
Analysis Article Apr 07

Is Now The Time To Look At Buying U.S. Physical Therapy, Inc. (NYSE:USPH)?

While U.S. Physical Therapy, Inc. ( NYSE:USPH ) might not have the largest market cap around , it saw a decent share...
Analysis Article Mar 04

U.S. Physical Therapy, Inc.'s (NYSE:USPH) Shareholders Might Be Looking For Exit

When you see that almost half of the companies in the Healthcare industry in the United States have price-to-sales...
Analysis Article Dec 23

The Returns On Capital At U.S. Physical Therapy (NYSE:USPH) Don't Inspire Confidence

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article Dec 07

Why U.S. Physical Therapy, Inc. (NYSE:USPH) Could Be Worth Watching

While U.S. Physical Therapy, Inc. ( NYSE:USPH ) might not be the most widely known stock at the moment, it saw a...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: USPH's dividend payments have been volatile in the past 10 years.

Growing Dividend: USPH's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

U.S. Physical Therapy Dividend Yield vs Market
How does USPH dividend yield compare to the market?
SegmentDividend Yield
Company (USPH)2.8%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Healthcare)1.9%
Analyst forecast (USPH) (up to 3 years)2.8%

Notable Dividend: USPH's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: USPH's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (4.14%).


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (358.4%), USPH's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42%), USPH's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 06:56
End of Day Share Price 2026/06/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

U.S. Physical Therapy, Inc. is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael PetuskyBarrington Research Associates, Inc.
Joanna Sylvia GajukBofA Global Research
Joseph FranceCantor Fitzgerald & Co.