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U S Physical Therapy vs Omada Health: USPH and OMDA compared
U S Physical Therapy is the larger company: $223M of revenue in its latest quarter (Q3 2026) against $91.3M for Omada Health (Q3 2026). Omada Health is growing faster (+34% against +13% a year earlier). U S Physical Therapy is more profitable, with an operating margin of 11.3% against 5.3%.
Where the money goes: USPH and OMDA
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.
Omada Health (OMDA) · Q3 2026
Omada Health, Q3 2026: revenue $91.3M (+34% year over year), operating margin 5.3%, net earnings $6.6M, operating cash flow $15.1M. The chart follows the revenue to costs, profit and cash.
| U S Physical Therapy (USPH) | Omada Health (OMDA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $223M | $91.3M |
| Revenue growth, Y/Y | +13% | +34% |
| Gross margin | 19.3% | 75.9% |
| Operating margin | 11.3% | 5.3% |
| Net earnings | $11.0M | $6.6M |
| Net margin | 5.0% | 7.2% |
| Operating cash flow | $25.7M | $15.1M |
| Free cash flow | $20.7M | $15.0M |
| 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%)
Omada Health
- Services: $85.1M (93%)
- Hardware: $6.2M (7%)
Questions
Which is bigger, U S Physical Therapy or Omada Health?
U S Physical Therapy is the larger company: $223M of revenue in its latest quarter (Q3 2026) against $91.3M for Omada Health (Q3 2026).
Is U S Physical Therapy or Omada Health growing faster?
Omada Health is growing faster (+34% against +13% a year earlier).
Which is more profitable, U S Physical Therapy or Omada Health?
U S Physical Therapy is more profitable, with an operating margin of 11.3% against 5.3%.
More: U S Physical Therapy earnings · how U S Physical Therapy makes money · Omada Health earnings · how Omada Health makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.