U S PHYSICAL THERAPY INC /NV (USPH) intrinsic value & 10-year financials
U S PHYSICAL THERAPY INC /NV (USPH) has a Graham intrinsic value of $6.47 per share. At $85.71 on Oct 17, 2026, the stock trades 1225% above that value. Over the last 10 fiscal years revenue grew 9.1% a year to $781.0M, with an average return on invested capital of 12.5%.
- Graham intrinsic value
- $6.47
- Share price (Oct 17, 2026)
- $85.71
- Price vs Graham value
- 1225% above
- Market cap
- $1.3B
- Revenue (FY2025)
- $781.0M
- Revenue growth (10-yr CAGR)
- 9.1%
- ROIC (10-yr avg)
- 12.5%
- Free cash flow (FY2025)
- $61.0M
USPH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $781.0M | $39.6M | $1.42 | $61.0M | 11.1% | 8.2% |
| FY2024 | $671.3M | $31.4M | $1.84 | $65.8M | 9.4% | 6.9% |
| FY2023 | $604.8M | $28.2M | $1.28 | $72.7M | 8.6% | 6.7% |
| FY2022 | $553.1M | $32.2M | $2.25 | $50.3M | 10.3% | 8.2% |
| FY2021 | $495.0M | $40.8M | $2.41 | $68.2M | 14.3% | 13.1% |
| FY2020 | $423.0M | $35.2M | $2.48 | $92.4M | 12.4% | 11.7% |
| FY2019 | $482.0M | $40.0M | $2.45 | $52.3M | 14.0% | 17.9% |
| FY2018 | $453.9M | $34.9M | — | $65.8M | 13.3% | 19.1% |
| FY2017 | $414.1M | $22.3M | — | $49.4M | 13.2% | 18.6% |
| FY2016 | $356.5M | $20.6M | — | $42.8M | 13.9% | 14.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
U S PHYSICAL THERAPY INC /NV is a consistent compounder, expanding top-line revenue at 9.1% annually over the past decade.
U S PHYSICAL THERAPY INC /NV returns on capital have been average, hovering around 12.5% ROIC over the decade.
Over the decade, U S PHYSICAL THERAPY INC /NV shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, U S PHYSICAL THERAPY INC /NV is modeled at -1.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.47 per share.