Filing Flows › U S Physical Therapy (USPH) › Gross margin
U S Physical Therapy (USPH) gross margin by quarter
U S Physical Therapy's gross margin was 19.3% in Q3 2026 (third quarter 2026), -0.3 pts from Q2 2026. Over the last 7 quarters it ranged from 16.5% (Q1 2026) to 21.1% (Q2 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 19.3% | -0.3 pts | +0.6 pts |
| Q2 2026 | 19.6% | +3.1 pts | -1.5 pts |
| Q1 2026 | 16.5% | -3.3 pts | -0.4 pts |
| Q4 2025 | 19.8% | +1.1 pts | — |
| Q3 2025 | 18.7% | -2.4 pts | — |
| Q2 2025 | 21.1% | +4.2 pts | — |
| Q1 2025 | 16.9% | — | — |
Q3 2026 at a glance
U S Physical Therapy, Q3 2026: revenue $223M (+13% year over year), operating margin 11.3%, net earnings $11.0M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
Questions
What is U S Physical Therapy's gross margin?
U S Physical Therapy's gross margin was 19.3% in Q3 2026 (third quarter 2026), -0.3 pts from Q2 2026.
How has U S Physical Therapy's gross margin changed?
Over the last 7 quarters it ranged from 16.5% (Q1 2026) to 21.1% (Q2 2025).