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Pennant Group vs U S Physical Therapy: PNTG and USPH compared
Pennant Group is the larger company: $302M of revenue in its latest quarter (Q3 2026) against $223M for U S Physical Therapy (Q3 2026). Pennant Group is growing faster (+32% against +13% a year earlier). U S Physical Therapy is more profitable, with an operating margin of 11.3% against 5.5%.
Where the money goes: PNTG and USPH
Pennant Group (PNTG) · Q3 2026
Pennant Group, Q3 2026: revenue $302M (+32% year over year), operating margin 5.5%, net earnings $9.6M, operating cash flow $25.1M. The chart follows the revenue to costs, profit and cash.
U S Physical Therapy (USPH) · Q3 2026
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.
| Pennant Group (PNTG) | U S Physical Therapy (USPH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $302M | $223M |
| Revenue growth, Y/Y | +32% | +13% |
| Gross margin | — | 19.3% |
| Operating margin | 5.5% | 11.3% |
| Net earnings | $9.6M | $11.0M |
| Net margin | 3.2% | 5.0% |
| Operating cash flow | $25.1M | $25.7M |
| Free cash flow | $10.1M | $20.7M |
| Market value | — | $1.3B |
| P/E | — | 40.4× |
| Analysts’ mean target | — | $97.83 |
Where the revenue comes from
U S Physical Therapy
- Net Patient Revenue: $161M (72%)
- Other Revenue: $36.4M (16%)
- Hospital Affiliation Revenue: $25.0M (11%)
Questions
Which is bigger, Pennant Group or U S Physical Therapy?
Pennant Group is the larger company: $302M of revenue in its latest quarter (Q3 2026) against $223M for U S Physical Therapy (Q3 2026).
Is Pennant Group or U S Physical Therapy growing faster?
Pennant Group is growing faster (+32% against +13% a year earlier).
Which is more profitable, Pennant Group or U S Physical Therapy?
U S Physical Therapy is more profitable, with an operating margin of 11.3% against 5.5%.
More: Pennant Group earnings · how Pennant Group makes money · U S Physical Therapy earnings · how U S Physical Therapy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.