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 March 2026. This metric is calculated by deducting intangible assets ($179.82 Million) from net assets ($782.87 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. See USPH working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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 March 2026, the ratio stands at 77.0%, reflecting net assets of $782.87 Million with intangible assets of $179.82 Million USD. See U.S. Physical Therapy, Inc. (USPH) liquidity interval to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see USPH stock market capitalisation.
| 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 | — |