U.S. Physical Therapy Valuation Multiples

U.S. Physical Therapy Overview

About U.S. Physical Therapy

US Physical Therapy Inc through its subsidiaries operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal payment sources for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.

Founded

1990

HQ

Employees

7.0K

Website

usph.com

Sectors

Hospitals & ClinicsHealthcare SoftwareB2B SaaSVertical SaaSHealthTechLongevity

Financials (LTM)

Revenue: $791M

EBITDA: $97M

EV

$2B

Valuation Multiples

Multiples.vc

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U.S. Physical Therapy Financials

U.S. Physical Therapy reported last 12-month revenue of $791M and EBITDA of $97M.

In the same LTM period, U.S. Physical Therapy generated $97M in EBITDA and $41M in net income.

U.S. Physical Therapy P&L

In the most recent fiscal year, U.S. Physical Therapy reported revenue of $781M and EBITDA of $110M.

U.S. Physical Therapy expects next 12-month revenue of XXX and NTM EBITDA of XXX

U.S. Physical Therapy Stock Performance

U.S. Physical Therapy has current market cap of $1B, and enterprise value of $2B.

U.S. Physical Therapy's stock price is $83.03.

U.S. Physical Therapy Valuation Multiples

U.S. Physical Therapy trades at 1.9x EV/Revenue multiple, and 15.9x EV/EBITDA.

U.S. Physical Therapy Financial Valuation Multiples

As of March 7, 2026, U.S. Physical Therapy has market cap of $1B and EV of $2B.

Equity research analysts estimate U.S. Physical Therapy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

U.S. Physical Therapy has a P/E ratio of 30.8x.

U.S. Physical Therapy Margins & Growth Rates

U.S. Physical Therapy's revenue in the last 12 month grew by 7%.

U.S. Physical Therapy's revenue per employee in the last FY averaged $0.1M.

U.S. Physical Therapy's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

U.S. Physical Therapy's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

U.S. Physical Therapy Public Comps

See public comps and valuation multiples for other Hospitals & Clinics and Healthcare Software comps.

U.S. Physical Therapy M&A Activity

U.S. Physical Therapy acquired XXX companies to date.

Last acquisition by U.S. Physical Therapy was on XXXXXXXX, XXXXX. U.S. Physical Therapy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

U.S. Physical Therapy Investment Activity

U.S. Physical Therapy invested in XXX companies to date.

U.S. Physical Therapy made its latest investment on XXXXXXXX, XXXXX. U.S. Physical Therapy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).