U S Physical Therapy Inc (USPH) company profile
Close on Nov 13, 2026Market cap $1.49BP/E –Yield 1.81%
About U S Physical Therapy
Services-Health Services, SIC 8000
U.S. Physical Therapy, Inc. operates outpatient clinics and provides workplace injury prevention services through two primary segments. The physical therapy operations segment delivers physical, occupational, and speech therapy via outpatient clinics and home-care practices. These services address pre- and post-operative orthopedic conditions, sports injuries, and worker rehabilitation. The industrial injury prevention services segment offers employers onsite injury prevention and rehabilitation, ergonomic assessments, performance optimization, post-offer testing, and functional capacity evaluations. The company's clients include individual therapy patients as well as commercial employers, including Fortune 500 corporations.
The company operates subsidiaries organized in multiple states across the United States. Its corporate headquarters are located in Houston, Texas. Clinic and workplace service operations expand through acquisitions of multi-clinic practices, specialized service businesses, and individual clinic tuck-in purchases into existing partnerships.
Summary of the business section of U S Physical Therapy's latest annual report, written by StockData.
Company profile
Company
- Legal name
- U S Physical Therapy Inc
- Founded
- 1992
- Headquarters
- Houston, TX
- Address
- 1300 West Sam Houston Parkway South, Suite 300 77043
- Phone
- (713) 297-7000
- Website
- usph.com
- Employees
- 7,294, Dec 31, 2025
- Industry
- Services-Health Services
- Incorporated in
- Nevada
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Houston, Texas
Stock & identifiers
- Ticker
- USPH
- Exchange
- NYSE
- IPO date
- May 29, 1992
- Shares outstanding
- 15M, Aug 7, 2026
- Public float
- $736.60M, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Jun 29, 2001; 2-for-1, Jan 8, 2001
- SEC CIK
- 885978
- CUSIP
- 90337L108
- ISIN
- US90337L1089
- FIGI
- BBG000CSRSG6
- Share class FIGI
- BBG001S71ZL9
- LEI
- 529900KL1UXQYFIOMY96
- EIN
- 76-0364866
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Christopher J. Reading | Chairman of the Board and CEO, Director | 139,088 |
| Nchacha Etta | EVP & Chief Financial Officer | 6,831 |
| Richard Binstein | EVP Gen'l Counsel & Secretary | 24,417 |
| Graham D. Reeve | COO | 28,554 |
| Eric Joseph Williams | President and COO | 39,617 |
| Jason Travis Curtis | Interim CFO | 3,853 |
| Carey P. Hendrickson | Chief Financial Officer | 27,808 |
| Myra Davis | Director | 1,210 |
| Peter Francis Minan | Director | 3,217 |
| Bernard A. Harris Jr | Director | 20,914 |
| Anne Motsenbocker | Director | 9,812 |
| Regg E. Swanson | Director | 23,088 |
| Kathleen A. Gilmartin | Director | 27,092 |
| Nancy Ham | Director | 1,994 |
| Michael Glasser Mayrsohn | Director | 18,358 |
| Clayton Trier | Director | 8,306 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $4.47M | $4.21M | $2.14M | $65 | $134 |
| FY2024 | $3.64M | $3.51M | $1.81M | $74 | $121 |
| FY2023 | $3.37M | $3.82M | $1.72M | $77 | $121 |
| FY2022 | $2.41M | $1.86M | $1.12M | $67 | $117 |
| FY2021 | $4.14M | $3.28M | $1.45M | $79 | $121 |
| FY2020 | $2.96M | $2.45M | $1.06M | $100 | $100 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Christopher J. Reading Chief Executive Officer | $1.00M | $1.96M | $1.51M | $3.56K | $4.47M | +23% |
| Carey P. Hendrickson Chief Financial Officer | $514.42K | $782.10K | $592.25K | $3.56K | $1.89M | +16% |
| Graham D. Reeve Chief Operating Officer - West | $643.03K | $782.10K | $804.69K | $3.56K | $2.23M | +21% |
| Eric J. Williams President, Chief Operating Officer - East | $688.75K | $1.17M | $836.88K | $3.56K | $2.70M | +19% |
| Richard S. Binstein Executive Vice President, General Counsel and Secretary | $424.04K | $782.10K | $531.25K | $6.45K | $1.74M | +17% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed approximately 7,294 people nationwide, of which approximately 4,200 were full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| May 28, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| Aug 9, 2024 | Late filing | Notification of late filing |
| Jul 2, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 11, 2017 | Late filing | Notification of late filing |
| Apr 7, 2017 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Mar 17, 2017 | Late filing | Notification of late filing |
| Dec 18, 2013 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 13, 2012 | Delisting | Notice of delisting from exchange (Form 25) |
| Aug 10, 2012 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jul 26, 2012 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Sep 7, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 27, 2004 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
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