U.S. Physical Therapy, Inc. (USPH) — Tangible Net Worth Ratio
U.S. Physical Therapy, Inc. (USPH) has a Tangible Net Worth Ratio of 77.0% as of June 2026. This metric is calculated by deducting intangible assets ($176.55 Million) from net assets ($766.66 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore U.S. Physical Therapy, Inc. annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
U.S. Physical Therapy, Inc. Tangible Net Worth Ratio (1991–2025)
This chart shows how U.S. Physical Therapy, Inc.'s Tangible Net Worth Ratio has changed across 35 annual periods from 1991 to 2025. As of June 2026, the ratio stands at 77.0%, reflecting net assets of $766.66 Million with intangible assets of $176.55 Million USD. For live market cap and overall valuation, see how much is U.S. Physical Therapy, Inc. worth.
Annual Tangible Net Worth Ratio for U.S. Physical Therapy, Inc. (1991–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for U.S. Physical Therapy, Inc. from 1991 to 2025, covering 35 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore USPH capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 77.6% | $770.20 Million | $172.86 Million | $1.20 Billion | ▲ +1.2 pp |
| 2024 | 76.4% | $759.05 Million | $179.31 Million | $1.17 Billion | ▼ -6.8 pp |
| 2023 | 83.2% | $652.24 Million | $109.68 Million | $997.24 Million | ▲ +5.6 pp |
| 2022 | 77.6% | $484.57 Million | $108.75 Million | $858.15 Million | ▼ -3.4 pp |
| 2021 | 80.9% | $452.44 Million | $86.38 Million | $749.43 Million | ▼ -5.4 pp |
| 2020 | 86.3% | $409.97 Million | $56.28 Million | $594.36 Million | ▲ +0.1 pp |
| 2019 | 86.1% | $379.45 Million | $52.59 Million | $560.85 Million | ▲ +0.1 pp |
| 2018 | 86.1% | $350.82 Million | $48.83 Million | $443.17 Million | ▲ +1.9 pp |
| 2017 | 84.2% | $308.97 Million | $48.95 Million | $418.98 Million | ▼ -1.1 pp |
| 2016 | 85.2% | $257.88 Million | $38.06 Million | $351.23 Million | ▲ +0.2 pp |
| 2015 | 85.0% | $201.95 Million | $30.30 Million | $279.91 Million | ▼ -0.7 pp |
| 2014 | 85.7% | $174.59 Million | $24.91 Million | $244.55 Million | ▼ -4.9 pp |
| 2013 | 90.7% | $155.12 Million | $14.48 Million | $224.13 Million | ▼ -0.3 pp |
| 2012 | 91.0% | $134.66 Million | $12.15 Million | $171.71 Million | ▼ -1.1 pp |
| 2011 | 92.1% | $121.58 Million | $9.60 Million | $163.25 Million | ▼ -1.6 pp |
| 2010 | 93.7% | $116.38 Million | $7.31 Million | $140.86 Million | ▲ +0.2 pp |
| 2009 | 93.5% | $92.22 Million | $5.96 Million | $111.25 Million | ▲ +0.9 pp |
| 2008 | 92.7% | $87.82 Million | $6.45 Million | $118.25 Million | ▼ -2.1 pp |
| 2007 | 94.8% | $75.06 Million | $3.93 Million | $96.25 Million | ▲ +30.1 pp |
| 2006 | 64.6% | $59.39 Million | $21.00 Million | $71.46 Million | ▼ -10.0 pp |
| 2005 | 74.6% | $56.50 Million | $14.34 Million | $66.52 Million | ▼ -13.9 pp |
| 2004 | 88.5% | $53.49 Million | $6.13 Million | $61.61 Million | ▲ +0.7 pp |
| 2003 | 87.8% | $46.62 Million | $5.68 Million | $52.47 Million | ▲ +3.5 pp |
| 2002 | 84.3% | $35.56 Million | $5.59 Million | $41.03 Million | ▼ -0.6 pp |
| 2001 | 84.9% | $29.91 Million | $4.52 Million | $36.18 Million | ▼ -7.9 pp |
| 2000 | 92.8% | $12.42 Million | $897.00K | $22.97 Million | ▲ +0.0 pp |
| 1999 | 92.8% | $13.10 Million | $948.00K | $23.35 Million | ▲ +0.3 pp |
| 1998 | 92.5% | $13.30 Million | $1.00 Million | $24.10 Million | ▲ +2.8 pp |
| 1997 | 89.7% | $11.60 Million | $1.20 Million | $22.50 Million | ▼ -1.0 pp |
| 1996 | 90.7% | $8.60 Million | $800.00K | $19.50 Million | ▼ -0.8 pp |
| 1995 | 91.5% | $5.90 Million | $500.00K | $15.90 Million | ▲ +4.3 pp |
| 1994 | 87.2% | $4.70 Million | $600.00K | $14.50 Million | ▼ -9.5 pp |
| 1993 | 96.7% | $6.10 Million | $200.00K | $10.30 Million | ▼ -0.8 pp |
| 1992 | 97.6% | $8.20 Million | $200.00K | $8.90 Million | ▼ -2.4 pp |
| 1991 | 100.0% | $2.20 Million | $0.00 | $2.40 Million | — |