U.S. Physical Therapy, Inc. (USPH) — Cash Flow Quality Index
U.S. Physical Therapy, Inc. (USPH) has a Cash Flow Quality Index of 1.37x as of June 2026. Operating cash flow of $34.17 Million exceeds net income of $24.90 Million, indicating high earnings quality where cash backs reported profits. Explore U.S. Physical Therapy, Inc. debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
U.S. Physical Therapy, Inc. Cash Flow Quality Index (1995–2025)
Historical Cash Flow Quality Index for U.S. Physical Therapy, Inc. across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see USPH cash flow conversion.
Annual Cash Flow Quality Index for U.S. Physical Therapy, Inc. (1995–2025)
Year-by-year earnings quality comparison for U.S. Physical Therapy, Inc..
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.29x | $75.06 Million | $58.01 Million | ▼ -21.3% |
| 2024 | 1.64x | $74.94 Million | $45.60 Million | ▼ -25.4% |
| 2023 | 2.20x | $81.98 Million | $37.22 Million | ▲ +63.3% |
| 2022 | 1.35x | $58.54 Million | $43.41 Million | ▲ +2.2% |
| 2021 | 1.32x | $76.41 Million | $57.92 Million | ▼ -30.8% |
| 2020 | 1.90x | $100.00 Million | $52.49 Million | ▲ +74.7% |
| 2019 | 1.09x | $62.45 Million | $57.26 Million | ▼ -27.0% |
| 2018 | 1.49x | $73.00 Million | $48.84 Million | ▼ -26.7% |
| 2017 | 2.04x | $56.53 Million | $27.72 Million | ▲ +4.9% |
| 2016 | 1.94x | $51.05 Million | $26.27 Million | ▲ +49.3% |
| 2015 | 1.30x | $41.24 Million | $31.69 Million | ▼ -12.4% |
| 2014 | 1.49x | $45.19 Million | $30.42 Million | ▼ -30.4% |
| 2013 | 2.13x | $44.80 Million | $21.00 Million | ▲ +42.5% |
| 2012 | 1.50x | $39.25 Million | $26.22 Million | ▲ +36.5% |
| 2011 | 1.10x | $32.66 Million | $29.78 Million | ▼ -11.3% |
| 2010 | 1.24x | $30.52 Million | $24.70 Million | ▼ -20.2% |
| 2009 | 1.55x | $30.94 Million | $19.97 Million | ▼ -48.6% |
| 2008 | 3.02x | $30.17 Million | $10.00 Million | ▲ +38.4% |
| 2007 | 2.18x | $19.05 Million | $8.74 Million | ▼ -25.7% |
| 2006 | 2.93x | $18.47 Million | $6.30 Million | ▲ +41.3% |
| 2005 | 2.08x | $18.25 Million | $8.79 Million | ▼ -22.5% |
| 2004 | 2.68x | $17.88 Million | $6.68 Million | ▲ +12.0% |
| 2003 | 2.39x | $17.53 Million | $7.33 Million | ▲ +4.0% |
| 2002 | 2.30x | $19.52 Million | $8.49 Million | ▲ +7.2% |
| 2001 | 2.15x | $15.17 Million | $7.07 Million | ▼ -9.6% |
| 2000 | 2.37x | $8.86 Million | $3.73 Million | ▲ +12.5% |
| 1999 | 2.11x | $5.05 Million | $2.39 Million | ▼ -32.5% |
| 1998 | 3.13x | $5.00 Million | $1.60 Million | ▲ +97.4% |
| 1997 | 1.58x | $3.80 Million | $2.40 Million | ▼ -46.1% |
| 1996 | 2.94x | $4.70 Million | $1.60 Million | ▼ -14.3% |
| 1995 | 3.43x | $2.40 Million | $700.00K | — |