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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and U S PHYSICAL THERAPY INC (USPH). Click either name above to swap in a different company.

U S PHYSICAL THERAPY INC is the larger business by last-quarter revenue ($202.7M vs $182.4M, roughly 1.1× Climb Global Solutions, Inc.). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs 1.8%, a 0.2% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 12.3%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 14.1%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

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.

CLMB vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.1× larger
USPH
$202.7M
$182.4M
CLMB
Growing faster (revenue YoY)
CLMB
CLMB
+19.8% gap
CLMB
32.1%
12.3%
USPH
Higher net margin
USPH
USPH
0.2% more per $
USPH
2.0%
1.8%
CLMB
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
14.1%
USPH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
USPH
USPH
Revenue
$182.4M
$202.7M
Net Profit
$3.3M
$4.2M
Gross Margin
14.5%
19.8%
Operating Margin
2.1%
8.3%
Net Margin
1.8%
2.0%
Revenue YoY
32.1%
12.3%
Net Profit YoY
-9.5%
-55.1%
EPS (diluted)
$0.18
$-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
CLMB
CLMB
USPH
USPH
Q1 26
$182.4M
Q4 25
$193.8M
$202.7M
Q3 25
$161.3M
$197.1M
Q2 25
$159.3M
$197.3M
Q1 25
$138.0M
$183.8M
Q4 24
$161.8M
$180.4M
Q3 24
$119.3M
$168.0M
Q2 24
$92.1M
$167.2M
Net Profit
CLMB
CLMB
USPH
USPH
Q1 26
$3.3M
Q4 25
$7.0M
$4.2M
Q3 25
$4.7M
$13.1M
Q2 25
$6.0M
$12.4M
Q1 25
$3.7M
$9.9M
Q4 24
$7.0M
$9.2M
Q3 24
$5.5M
$6.6M
Q2 24
$3.4M
$7.5M
Gross Margin
CLMB
CLMB
USPH
USPH
Q1 26
14.5%
Q4 25
15.4%
19.8%
Q3 25
15.9%
18.7%
Q2 25
16.5%
21.1%
Q1 25
16.9%
16.9%
Q4 24
19.3%
18.0%
Q3 24
20.3%
17.3%
Q2 24
20.2%
20.3%
Operating Margin
CLMB
CLMB
USPH
USPH
Q1 26
2.1%
Q4 25
4.9%
8.3%
Q3 25
4.3%
12.8%
Q2 25
5.0%
12.6%
Q1 25
3.5%
10.7%
Q4 24
7.2%
10.9%
Q3 24
7.1%
7.6%
Q2 24
4.6%
9.3%
Net Margin
CLMB
CLMB
USPH
USPH
Q1 26
1.8%
Q4 25
3.6%
2.0%
Q3 25
2.9%
6.7%
Q2 25
3.7%
6.3%
Q1 25
2.7%
5.4%
Q4 24
4.3%
5.1%
Q3 24
4.6%
3.9%
Q2 24
3.7%
4.5%
EPS (diluted)
CLMB
CLMB
USPH
USPH
Q1 26
$0.18
Q4 25
$1.51
$-0.44
Q3 25
$1.02
$0.48
Q2 25
$1.30
$0.58
Q1 25
$0.81
$0.80
Q4 24
$1.52
$0.52
Q3 24
$1.19
$0.39
Q2 24
$0.75
$0.47

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$41.8M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$118.4M
$476.4M
Total Assets
$458.8M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
USPH
USPH
Q1 26
$41.8M
Q4 25
$36.6M
$35.6M
Q3 25
$49.8M
$31.1M
Q2 25
$28.6M
$34.1M
Q1 25
$32.5M
$39.2M
Q4 24
$29.8M
$41.4M
Q3 24
$22.1M
$117.0M
Q2 24
$48.4M
$112.9M
Stockholders' Equity
CLMB
CLMB
USPH
USPH
Q1 26
$118.4M
Q4 25
$116.6M
$476.4M
Q3 25
$109.3M
$503.6M
Q2 25
$105.2M
$500.8M
Q1 25
$95.6M
$497.3M
Q4 24
$90.6M
$488.9M
Q3 24
$87.7M
$482.8M
Q2 24
$79.8M
$484.6M
Total Assets
CLMB
CLMB
USPH
USPH
Q1 26
$458.8M
Q4 25
$460.2M
$1.2B
Q3 25
$376.1M
$1.2B
Q2 25
$420.7M
$1.2B
Q1 25
$370.1M
$1.2B
Q4 24
$469.2M
$1.2B
Q3 24
$371.9M
$1.0B
Q2 24
$302.8M
$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
CLMB
CLMB
USPH
USPH
Operating Cash FlowLast quarter
$24.9M
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
USPH
USPH
Q1 26
Q4 25
$-11.9M
$24.9M
Q3 25
$22.2M
$19.9M
Q2 25
$-2.2M
$34.9M
Q1 25
$8.5M
$-4.7M
Q4 24
$16.0M
$19.4M
Q3 24
$-3.6M
$22.1M
Q2 24
$7.3M
$29.0M
Free Cash Flow
CLMB
CLMB
USPH
USPH
Q1 26
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
FCF Margin
CLMB
CLMB
USPH
USPH
Q1 26
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%
Capex Intensity
CLMB
CLMB
USPH
USPH
Q1 26
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%
Cash Conversion
CLMB
CLMB
USPH
USPH
Q1 26
Q4 25
-1.70×
6.00×
Q3 25
4.73×
1.52×
Q2 25
-0.37×
2.81×
Q1 25
2.30×
-0.47×
Q4 24
2.29×
2.10×
Q3 24
-0.66×
3.34×
Q2 24
2.13×
3.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLMB
CLMB

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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