USPHU.S. Physical Therapy, Inc.
Is it safe?
Strong, no red flags: clean books, insiders buying, and comfortable debt (AA).
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Reported earnings show no manipulation flags Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
Mixed fundamental signals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Insiders were net buyers (+$416, 90 days to Oct 8, 2026). SEC Form 4 filings: officers and directors must report their own trades within two business days.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -67% · now 7% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can USPH take a bad year?
U.S. Physical Therapy, Inc. carries $195M of net debt at 1.99× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.99×
Net debt / EBITDA · 1.28× a year ago · the load is going up
- Altman Z-score
- 1.98
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 0.49×
Debt / equity
Details›
- Total debtQ2 2026
- $220M
- Cash and short-term investments
- $25M
- Net debt
- $195M
- EBITDA, trailing twelve months
- $98M
- Operating profit, trailing twelve months
- $77M
- Debt / equity
- 0.49×
- Total debt / EBITDA
- 2.24×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −67%
- Below its 52-week high
- 7.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.