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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) 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 $154.8M, roughly 1.3× Commercial Vehicle Group, Inc.). On growth, U S PHYSICAL THERAPY INC posted the faster year-over-year revenue change (12.3% vs -5.2%). U S PHYSICAL THERAPY INC produced more free cash flow last quarter ($21.0M vs $8.7M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.3× larger
USPH
$202.7M
$154.8M
CVGI
Growing faster (revenue YoY)
USPH
USPH
+17.6% gap
USPH
12.3%
-5.2%
CVGI
More free cash flow
USPH
USPH
$12.3M more FCF
USPH
$21.0M
$8.7M
CVGI
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
USPH
USPH
Revenue
$154.8M
$202.7M
Net Profit
$4.2M
Gross Margin
9.7%
19.8%
Operating Margin
-1.2%
8.3%
Net Margin
2.0%
Revenue YoY
-5.2%
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
CVGI
CVGI
USPH
USPH
Q4 25
$154.8M
$202.7M
Q3 25
$152.5M
$197.1M
Q2 25
$172.0M
$197.3M
Q1 25
$169.8M
$183.8M
Q4 24
$163.3M
$180.4M
Q3 24
$171.8M
$168.0M
Q2 24
$193.7M
$167.2M
Q1 24
$194.6M
$155.7M
Net Profit
CVGI
CVGI
USPH
USPH
Q4 25
$4.2M
Q3 25
$-7.1M
$13.1M
Q2 25
$-4.8M
$12.4M
Q1 25
$-4.3M
$9.9M
Q4 24
$9.2M
Q3 24
$9.5M
$6.6M
Q2 24
$-1.6M
$7.5M
Q1 24
$2.9M
$8.0M
Gross Margin
CVGI
CVGI
USPH
USPH
Q4 25
9.7%
19.8%
Q3 25
10.5%
18.7%
Q2 25
11.4%
21.1%
Q1 25
10.5%
16.9%
Q4 24
8.0%
18.0%
Q3 24
9.6%
17.3%
Q2 24
10.6%
20.3%
Q1 24
11.9%
18.2%
Operating Margin
CVGI
CVGI
USPH
USPH
Q4 25
-1.2%
8.3%
Q3 25
-0.7%
12.8%
Q2 25
0.5%
12.6%
Q1 25
0.8%
10.7%
Q4 24
-3.2%
10.9%
Q3 24
-0.6%
7.6%
Q2 24
0.5%
9.3%
Q1 24
2.3%
9.6%
Net Margin
CVGI
CVGI
USPH
USPH
Q4 25
2.0%
Q3 25
-4.6%
6.7%
Q2 25
-2.8%
6.3%
Q1 25
-2.5%
5.4%
Q4 24
5.1%
Q3 24
5.5%
3.9%
Q2 24
-0.8%
4.5%
Q1 24
1.5%
5.2%
EPS (diluted)
CVGI
CVGI
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
$-0.05
$0.47
Q1 24
$0.09
$0.46

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$35.6M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
$476.4M
Total Assets
$391.7M
$1.2B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
USPH
USPH
Q4 25
$35.6M
Q3 25
$31.1M
Q2 25
$34.1M
Q1 25
$39.2M
Q4 24
$41.4M
Q3 24
$117.0M
Q2 24
$112.9M
Q1 24
$132.3M
Total Debt
CVGI
CVGI
USPH
USPH
Q4 25
$104.9M
Q3 25
$108.2M
Q2 25
$118.2M
Q1 25
$117.4M
Q4 24
$135.5M
Q3 24
$128.8M
Q2 24
$142.0M
Q1 24
$155.7M
Stockholders' Equity
CVGI
CVGI
USPH
USPH
Q4 25
$133.4M
$476.4M
Q3 25
$136.5M
$503.6M
Q2 25
$142.6M
$500.8M
Q1 25
$136.7M
$497.3M
Q4 24
$135.6M
$488.9M
Q3 24
$179.3M
$482.8M
Q2 24
$169.6M
$484.6M
Q1 24
$175.5M
$479.8M
Total Assets
CVGI
CVGI
USPH
USPH
Q4 25
$391.7M
$1.2B
Q3 25
$400.3M
$1.2B
Q2 25
$429.8M
$1.2B
Q1 25
$419.8M
$1.2B
Q4 24
$424.6M
$1.2B
Q3 24
$495.3M
$1.0B
Q2 24
$503.2M
$1.0B
Q1 24
$509.2M
$1.0B
Debt / Equity
CVGI
CVGI
USPH
USPH
Q4 25
0.79×
Q3 25
0.79×
Q2 25
0.83×
Q1 25
0.86×
Q4 24
1.00×
Q3 24
0.72×
Q2 24
0.84×
Q1 24
0.89×

Cash Flow & Capital Efficiency

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

Metric
CVGI
CVGI
USPH
USPH
Operating Cash FlowLast quarter
$12.3M
$24.9M
Free Cash FlowOCF − Capex
$8.7M
$21.0M
FCF MarginFCF / Revenue
5.6%
10.4%
Capex IntensityCapex / Revenue
2.3%
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
USPH
USPH
Q4 25
$12.3M
$24.9M
Q3 25
$-1.7M
$19.9M
Q2 25
$18.9M
$34.9M
Q1 25
$15.2M
$-4.7M
Q4 24
$-26.6M
$19.4M
Q3 24
$-17.1M
$22.1M
Q2 24
$12.6M
$29.0M
Q1 24
$-2.4M
$4.4M
Free Cash Flow
CVGI
CVGI
USPH
USPH
Q4 25
$8.7M
$21.0M
Q3 25
$-3.5M
$15.6M
Q2 25
$17.4M
$31.6M
Q1 25
$11.4M
$-7.3M
Q4 24
$-30.6M
$16.9M
Q3 24
$-20.3M
$19.6M
Q2 24
$6.4M
$26.7M
Q1 24
$-7.4M
$2.6M
FCF Margin
CVGI
CVGI
USPH
USPH
Q4 25
5.6%
10.4%
Q3 25
-2.3%
7.9%
Q2 25
10.1%
16.0%
Q1 25
6.7%
-3.9%
Q4 24
-18.7%
9.4%
Q3 24
-11.8%
11.7%
Q2 24
3.3%
15.9%
Q1 24
-3.8%
1.7%
Capex Intensity
CVGI
CVGI
USPH
USPH
Q4 25
2.3%
1.9%
Q3 25
1.2%
2.2%
Q2 25
0.9%
1.6%
Q1 25
2.2%
1.4%
Q4 24
2.4%
1.4%
Q3 24
1.9%
1.5%
Q2 24
3.2%
1.4%
Q1 24
2.6%
1.2%
Cash Conversion
CVGI
CVGI
USPH
USPH
Q4 25
6.00×
Q3 25
1.52×
Q2 25
2.81×
Q1 25
-0.47×
Q4 24
2.10×
Q3 24
-1.79×
3.34×
Q2 24
3.86×
Q1 24
-0.80×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

USPH
USPH

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

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