Filing Flows › U S Physical Therapy (USPH) › Operating margin
U S Physical Therapy (USPH) operating margin by quarter
U S Physical Therapy's operating margin was 11.3% in Q3 2026 (third quarter 2026), +1.0 pts from Q2 2026. Over the last 7 quarters it ranged from 6.3% (Q1 2026) to 12.8% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 11.3% | +1.0 pts | -1.6 pts |
| Q2 2026 | 10.3% | +4.0 pts | -2.4 pts |
| Q1 2026 | 6.3% | -2.0 pts | -4.4 pts |
| Q4 2025 | 8.3% | -4.6 pts | — |
| Q3 2025 | 12.8% | +0.2 pts | — |
| Q2 2025 | 12.6% | +1.9 pts | — |
| Q1 2025 | 10.7% | — | — |
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 operating margin?
U S Physical Therapy's operating margin was 11.3% in Q3 2026 (third quarter 2026), +1.0 pts from Q2 2026.
How has U S Physical Therapy's operating margin changed?
Over the last 7 quarters it ranged from 6.3% (Q1 2026) to 12.8% (Q3 2025).