U.S. Physical Therapy, Inc. USPH

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
61/100
Moderate

Ranked against 57 peers in Medical Care Facilities

About U.S. Physical Therapy, Inc.

U.S. Physical Therapy, Inc. operates and manages outpatient physical therapy clinics. The company operates through two segments, Physical Therapy Operations and Industrial Injury Prevention Services. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. It offers industrial injury prevention services, including onsite injury prevention and rehabilitation, performance … Full USPH analysis →

Key strengths

  • Cost Leadership Position Operating margin at 76.5th percentile with strong OpEx control demonstrates cost leadership.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.84), suggesting sticky customer base.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.25), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
59
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where USPH ranks in Medical Care Facilities

U.S. Physical Therapy, Inc. ranks #21 of 58 scored companies in Medical Care Facilities by moat score — the top 36%. The widest moat in the group is Encompass Health Corporation (EHC) at 77/100.

# Company Moat score Rating
17 Option Care Health, Inc. OPCH 62/100 Moderate
18 Ardent Health Partners, Inc. ARDT 62/100 Moderate
19 Auna SA AUNA 62/100 Moderate
20 Surgery Partners, Inc. SGRY 61/100 Moderate
21 U.S. Physical Therapy, Inc. USPH 61/100 Moderate
22 Guardian Pharmacy Services, Inc GRDN 58/100 Moderate
23 Aveanna Healthcare Holdings Inc AVAH 55/100 Moderate
24 The Pennant Group, Inc. PNTG 55/100 Moderate
25 PACS Group, Inc. PACS 53/100 Moderate

See every General Corporate company ranked by moat score →

How USPH scores on the Corporate Default defenses

Pricing Power

Score 59 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 76 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 75 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 54 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 56 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 48 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding USPH's moat

What is U.S. Physical Therapy, Inc.'s moat score?

U.S. Physical Therapy, Inc. (USPH) scores 61 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #21 of 58 scored companies in Medical Care Facilities, the top 36%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 57 companies in Medical Care Facilities. Its strongest defense is Cost Advantage (76/100) and its weakest is Scale & Market Position (48/100).

How does U.S. Physical Therapy, Inc. compare with other Medical Care Facilities companies?

U.S. Physical Therapy, Inc. ranks #21 of 58 scored companies in Medical Care Facilities by moat score. The widest moat in Medical Care Facilities is Encompass Health Corporation (EHC) at 77/100. The companies ranked closest are Surgery Partners, Inc. (SGRY) at 61 just above it and Guardian Pharmacy Services, Inc (GRDN) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 57 companies in Medical Care Facilities. The defenses are then weighted to produce the overall score out of 100.

Why is U.S. Physical Therapy, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for U.S. Physical Therapy, Inc.?

The Corporate Default template measures 6 defenses, and USPH scores: Pricing Power (59), Cost Advantage (76), Customer Stickiness (75), Capital Efficiency (54), Resilience (56), Scale & Market Position (48). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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