Medical - Care Facilities
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SGRY vs USPH
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Care Facilities
SGRY vs USPH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Care Facilities | Medical - Care Facilities |
| Market Cap | $1.89B | $1.12B |
| Revenue (TTM) | $3.34B | $695M |
| Net Income (TTM) | $-76M | $11M |
| Gross Margin | 22.8% | 22.0% |
| Operating Margin | 11.8% | 12.2% |
| Forward P/E | 38.7x | 25.7x |
| Total Debt | $4.02B | $426M |
| Cash & Equiv. | $240M | $36M |
SGRY vs USPH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Surgery Partners, I… (SGRY) | 100 | 108.8 | +8.8% |
| U.S. Physical Thera… (USPH) | 100 | 99.3 | -0.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SGRY vs USPH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
In this particular matchup, SGRY is outpaced on most metrics by others in the set.
USPH carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 5 yrs, beta 0.93, yield 2.4%
- Rev growth 16.3%, EPS growth -22.8%, 3Y rev CAGR 12.2%
- 52.5% 10Y total return vs SGRY's 4.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.3% revenue growth vs SGRY's 6.2% | |
| Value | Lower P/E (25.7x vs 38.7x) | |
| Quality / Margins | 1.5% margin vs SGRY's -2.3% | |
| Stability / Safety | Beta 0.93 vs SGRY's 1.04, lower leverage | |
| Dividends | 2.4% yield; 5-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +5.4% vs SGRY's -36.6% | |
| Efficiency (ROA) | 0.9% ROA vs SGRY's -0.9%, ROIC 5.6% vs 4.1% |
SGRY vs USPH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SGRY vs USPH — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
USPH leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SGRY is the larger business by revenue, generating $3.3B annually — 4.8x USPH's $695M. Profitability is closely matched — net margins range from 1.5% (USPH) to -2.3% (SGRY). On growth, USPH holds the edge at +7.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.3B | $695M |
| EBITDAEarnings before interest/tax | $572M | $107M |
| Net IncomeAfter-tax profit | -$76M | $11M |
| Free Cash FlowCash after capex | $208M | $67M |
| Gross MarginGross profit ÷ Revenue | +22.8% | +22.0% |
| Operating MarginEBIT ÷ Revenue | +11.8% | +12.2% |
| Net MarginNet income ÷ Revenue | -2.3% | +1.5% |
| FCF MarginFCF ÷ Revenue | +6.2% | +9.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.5% | +7.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +6.7% | -115.0% |
Valuation Metrics
SGRY leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, SGRY's 10.0x EV/EBITDA is more attractive than USPH's 14.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.9B | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $5.7B | $1.5B |
| Trailing P/EPrice ÷ TTM EPS | -23.92x | 51.84x |
| Forward P/EPrice ÷ next-FY EPS est. | 38.73x | 25.74x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.03x | 14.68x |
| Price / SalesMarket cap ÷ Revenue | 0.57x | 1.43x |
| Price / BookPrice ÷ Book value/share | 0.53x | 1.45x |
| Price / FCFMarket cap ÷ FCF | 9.65x | 18.35x |
Profitability & Efficiency
USPH leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
USPH delivers a 1.4% return on equity — every $100 of shareholder capital generates $1 in annual profit, vs $-2 for SGRY. USPH carries lower financial leverage with a 0.55x debt-to-equity ratio, signaling a more conservative balance sheet compared to SGRY's 1.14x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -2.4% | +1.4% |
| ROA (TTM)Return on assets | -0.9% | +0.9% |
| ROICReturn on invested capital | +4.1% | +5.6% |
| ROCEReturn on capital employed | +5.2% | +7.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.14x | 0.55x |
| Net DebtTotal debt minus cash | $3.8B | $390M |
| Cash & Equiv.Liquid assets | $240M | $36M |
| Total DebtShort + long-term debt | $4.0B | $426M |
| Interest CoverageEBIT ÷ Interest expense | 1.35x | 15.42x |
Total Returns (Dividends Reinvested)
USPH leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in USPH five years ago would be worth $7,031 today (with dividends reinvested), compared to $2,808 for SGRY. Over the past 12 months, USPH leads with a +5.4% total return vs SGRY's -36.6%. The 3-year compound annual growth rate (CAGR) favors USPH at -11.6% vs SGRY's -25.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -4.4% | -6.1% |
| 1-Year ReturnPast 12 months | -36.6% | +5.4% |
| 3-Year ReturnCumulative with dividends | -58.4% | -30.9% |
| 5-Year ReturnCumulative with dividends | -71.9% | -29.7% |
| 10-Year ReturnCumulative with dividends | +4.9% | +52.5% |
| CAGR (3Y)Annualised 3-year return | -25.3% | -11.6% |
Risk & Volatility
USPH leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
USPH is the less volatile stock with a 0.93 beta — it tends to amplify market swings less than SGRY's 1.04 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. USPH currently trades 78.7% from its 52-week high vs SGRY's 60.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.04x | 0.93x |
| 52-Week HighHighest price in past year | $24.18 | $93.50 |
| 52-Week LowLowest price in past year | $11.41 | $66.67 |
| % of 52W HighCurrent price vs 52-week peak | +60.3% | +78.7% |
| RSI (14)Momentum oscillator 0–100 | 59.0 | 36.2 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 164K |
Analyst Outlook
USPH leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates SGRY as "Buy" and USPH as "Buy". Consensus price targets imply 38.6% upside for USPH (target: $102) vs 27.5% for SGRY (target: $19). USPH is the only dividend payer here at 2.45% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $18.60 | $102.00 |
| # AnalystsCovering analysts | 22 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | +2.4% |
| Dividend StreakConsecutive years of raises | 0 | 5 |
| Dividend / ShareAnnual DPS | — | $1.80 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.5% |
USPH leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SGRY leads in 1 (Valuation Metrics).
SGRY vs USPH: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SGRY or USPH a better buy right now?
For growth investors, U.
S. Physical Therapy, Inc. (USPH) is the stronger pick with 16. 3% revenue growth year-over-year, versus 6. 2% for Surgery Partners, Inc. (SGRY). U. S. Physical Therapy, Inc. (USPH) offers the better valuation at 51. 8x trailing P/E (25. 7x forward), making it the more compelling value choice. Analysts rate Surgery Partners, Inc. (SGRY) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SGRY or USPH?
On forward P/E, U.
S. Physical Therapy, Inc. is actually cheaper at 25. 7x.
03Which is the better long-term investment — SGRY or USPH?
Over the past 5 years, U.
S. Physical Therapy, Inc. (USPH) delivered a total return of -29. 7%, compared to -71. 9% for Surgery Partners, Inc. (SGRY). Over 10 years, the gap is even starker: USPH returned +52. 5% versus SGRY's +4. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SGRY or USPH?
By beta (market sensitivity over 5 years), U.
S. Physical Therapy, Inc. (USPH) is the lower-risk stock at 0. 93β versus Surgery Partners, Inc. 's 1. 04β — meaning SGRY is approximately 12% more volatile than USPH relative to the S&P 500. On balance sheet safety, U. S. Physical Therapy, Inc. (USPH) carries a lower debt/equity ratio of 55% versus 114% for Surgery Partners, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SGRY or USPH?
By revenue growth (latest reported year), U.
S. Physical Therapy, Inc. (USPH) is pulling ahead at 16. 3% versus 6. 2% for Surgery Partners, Inc. (SGRY). On earnings-per-share growth, the picture is similar: Surgery Partners, Inc. grew EPS 54. 1% year-over-year, compared to -22. 8% for U. S. Physical Therapy, Inc.. Over a 3-year CAGR, USPH leads at 12. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SGRY or USPH?
U.
S. Physical Therapy, Inc. (USPH) is the more profitable company, earning 1. 9% net margin versus -2. 4% for Surgery Partners, Inc. — meaning it keeps 1. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SGRY leads at 11. 8% versus 10. 3% for USPH. At the gross margin level — before operating expenses — SGRY leads at 23. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SGRY or USPH more undervalued right now?
On forward earnings alone, U.
S. Physical Therapy, Inc. (USPH) trades at 25. 7x forward P/E versus 38. 7x for Surgery Partners, Inc. — 13. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for USPH: 38. 6% to $102. 00.
08Which pays a better dividend — SGRY or USPH?
In this comparison, USPH (2.
4% yield) pays a dividend. SGRY does not pay a meaningful dividend and should not be held primarily for income.
09Is SGRY or USPH better for a retirement portfolio?
For long-horizon retirement investors, U.
S. Physical Therapy, Inc. (USPH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 93), 2. 4% yield). Both have compounded well over 10 years (USPH: +52. 5%, SGRY: +4. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SGRY and USPH?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SGRY is a small-cap quality compounder stock; USPH is a small-cap high-growth stock. USPH pays a dividend while SGRY does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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