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Side-by-side financial comparison of CAMTEK LTD (CAMT) and U S PHYSICAL THERAPY INC (USPH). Click either name above to swap in a different company.

CAMTEK LTD is the larger business by last-quarter revenue ($242.0M vs $202.7M, roughly 1.2× U S PHYSICAL THERAPY INC). CAMTEK LTD runs the higher net margin — 28.1% vs 2.0%, a 26.1% gap on every dollar of revenue.

Camtek Ltd is a leading global developer and manufacturer of high-precision inspection and metrology systems for the semiconductor, printed circuit board, and advanced packaging industries. Its solutions support process control, defect detection, and yield optimization for clients across Asia, North America, and Europe.

U.S. Physical Therapy Inc. operates hundreds of outpatient physical therapy clinics across the U.S. It offers rehabilitative care for patients recovering from injuries, surgeries, chronic pain and mobility impairments, plus specialized services including sports medicine and pediatric rehabilitation.

CAMT vs USPH — Head-to-Head

Bigger by revenue
CAMT
CAMT
1.2× larger
CAMT
$242.0M
$202.7M
USPH
Higher net margin
CAMT
CAMT
26.1% more per $
CAMT
28.1%
2.0%
USPH

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CAMT
CAMT
USPH
USPH
Revenue
$242.0M
$202.7M
Net Profit
$68.0M
$4.2M
Gross Margin
50.9%
19.8%
Operating Margin
26.7%
8.3%
Net Margin
28.1%
2.0%
Revenue YoY
12.3%
Net Profit YoY
-55.1%
EPS (diluted)
$-0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAMT
CAMT
USPH
USPH
Q4 25
$202.7M
Q3 25
$197.1M
Q2 25
$242.0M
$197.3M
Q1 25
$183.8M
Q4 24
$180.4M
Q3 24
$168.0M
Q2 24
$199.6M
$167.2M
Q1 24
$155.7M
Net Profit
CAMT
CAMT
USPH
USPH
Q4 25
$4.2M
Q3 25
$13.1M
Q2 25
$68.0M
$12.4M
Q1 25
$9.9M
Q4 24
$9.2M
Q3 24
$6.6M
Q2 24
$52.8M
$7.5M
Q1 24
$8.0M
Gross Margin
CAMT
CAMT
USPH
USPH
Q4 25
19.8%
Q3 25
18.7%
Q2 25
50.9%
21.1%
Q1 25
16.9%
Q4 24
18.0%
Q3 24
17.3%
Q2 24
48.1%
20.3%
Q1 24
18.2%
Operating Margin
CAMT
CAMT
USPH
USPH
Q4 25
8.3%
Q3 25
12.8%
Q2 25
26.7%
12.6%
Q1 25
10.7%
Q4 24
10.9%
Q3 24
7.6%
Q2 24
23.6%
9.3%
Q1 24
9.6%
Net Margin
CAMT
CAMT
USPH
USPH
Q4 25
2.0%
Q3 25
6.7%
Q2 25
28.1%
6.3%
Q1 25
5.4%
Q4 24
5.1%
Q3 24
3.9%
Q2 24
26.4%
4.5%
Q1 24
5.2%
EPS (diluted)
CAMT
CAMT
USPH
USPH
Q4 25
$-0.44
Q3 25
$0.48
Q2 25
$0.58
Q1 25
$0.80
Q4 24
$0.52
Q3 24
$0.39
Q2 24
$0.47
Q1 24
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAMT
CAMT
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$232.0M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$626.5M
$476.4M
Total Assets
$974.7M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAMT
CAMT
USPH
USPH
Q4 25
$35.6M
Q3 25
$31.1M
Q2 25
$232.0M
$34.1M
Q1 25
$39.2M
Q4 24
$41.4M
Q3 24
$117.0M
Q2 24
$109.8M
$112.9M
Q1 24
$132.3M
Stockholders' Equity
CAMT
CAMT
USPH
USPH
Q4 25
$476.4M
Q3 25
$503.6M
Q2 25
$626.5M
$500.8M
Q1 25
$497.3M
Q4 24
$488.9M
Q3 24
$482.8M
Q2 24
$475.4M
$484.6M
Q1 24
$479.8M
Total Assets
CAMT
CAMT
USPH
USPH
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$974.7M
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.0B
Q2 24
$796.2M
$1.0B
Q1 24
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAMT
CAMT
USPH
USPH
Operating Cash FlowLast quarter
$47.1M
$24.9M
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
0.69×
6.00×
TTM Free Cash FlowTrailing 4 quarters
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAMT
CAMT
USPH
USPH
Q4 25
$24.9M
Q3 25
$19.9M
Q2 25
$47.1M
$34.9M
Q1 25
$-4.7M
Q4 24
$19.4M
Q3 24
$22.1M
Q2 24
$70.1M
$29.0M
Q1 24
$4.4M
Free Cash Flow
CAMT
CAMT
USPH
USPH
Q4 25
$21.0M
Q3 25
$15.6M
Q2 25
$31.6M
Q1 25
$-7.3M
Q4 24
$16.9M
Q3 24
$19.6M
Q2 24
$26.7M
Q1 24
$2.6M
FCF Margin
CAMT
CAMT
USPH
USPH
Q4 25
10.4%
Q3 25
7.9%
Q2 25
16.0%
Q1 25
-3.9%
Q4 24
9.4%
Q3 24
11.7%
Q2 24
15.9%
Q1 24
1.7%
Capex Intensity
CAMT
CAMT
USPH
USPH
Q4 25
1.9%
Q3 25
2.2%
Q2 25
1.6%
Q1 25
1.4%
Q4 24
1.4%
Q3 24
1.5%
Q2 24
1.4%
Q1 24
1.2%
Cash Conversion
CAMT
CAMT
USPH
USPH
Q4 25
6.00×
Q3 25
1.52×
Q2 25
0.69×
2.81×
Q1 25
-0.47×
Q4 24
2.10×
Q3 24
3.34×
Q2 24
1.33×
3.86×
Q1 24
0.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAMT
CAMT

Segment breakdown not available.

USPH
USPH

Net Patient Revenues$169.7M84%
Industrial Injury Prevention Services Revenues$28.9M14%
Management Contract Revenues$2.3M1%

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