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Side-by-side financial comparison of Crane NXT, Co. (CXT) and U S PHYSICAL THERAPY INC (USPH). Click either name above to swap in a different company.

Crane NXT, Co. is the larger business by last-quarter revenue ($387.7M vs $202.7M, roughly 1.9× U S PHYSICAL THERAPY INC). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs 1.7%, a 0.4% gap on every dollar of revenue. On growth, Crane NXT, Co. posted the faster year-over-year revenue change (17.4% vs 12.3%). U S PHYSICAL THERAPY INC produced more free cash flow last quarter ($21.0M vs $-24.1M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs 2.3%).

Crane Co. is an American industrial products company based in Stamford, Connecticut. Founded by Richard Teller Crane in 1855, it became one of the leading manufacturers of bathroom fixtures in the United States, until 1990, when that division was sold off. In 1960 it began the process of becoming a holding company with a diverse portfolio. Its business segments are Aerospace & Electronics, Engineered Materials, Fluid Handling, and Controls. Industries served by these segments include chemical...

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.

CXT vs USPH — Head-to-Head

Bigger by revenue
CXT
CXT
1.9× larger
CXT
$387.7M
$202.7M
USPH
Growing faster (revenue YoY)
CXT
CXT
+5.0% gap
CXT
17.4%
12.3%
USPH
Higher net margin
USPH
USPH
0.4% more per $
USPH
2.0%
1.7%
CXT
More free cash flow
USPH
USPH
$45.1M more FCF
USPH
$21.0M
$-24.1M
CXT
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
2.3%
CXT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CXT
CXT
USPH
USPH
Revenue
$387.7M
$202.7M
Net Profit
$6.4M
$4.2M
Gross Margin
40.2%
19.8%
Operating Margin
8.3%
Net Margin
1.7%
2.0%
Revenue YoY
17.4%
12.3%
Net Profit YoY
-70.5%
-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
CXT
CXT
USPH
USPH
Q1 26
$387.7M
Q4 25
$476.9M
$202.7M
Q3 25
$445.1M
$197.1M
Q2 25
$404.4M
$197.3M
Q1 25
$330.3M
$183.8M
Q4 24
$399.1M
$180.4M
Q3 24
$403.5M
$168.0M
Q2 24
$370.6M
$167.2M
Net Profit
CXT
CXT
USPH
USPH
Q1 26
$6.4M
Q4 25
$47.5M
$4.2M
Q3 25
$50.5M
$13.1M
Q2 25
$24.9M
$12.4M
Q1 25
$21.7M
$9.9M
Q4 24
$9.2M
Q3 24
$47.1M
$6.6M
Q2 24
$41.6M
$7.5M
Gross Margin
CXT
CXT
USPH
USPH
Q1 26
40.2%
Q4 25
42.4%
19.8%
Q3 25
43.3%
18.7%
Q2 25
41.7%
21.1%
Q1 25
42.4%
16.9%
Q4 24
45.2%
18.0%
Q3 24
42.5%
17.3%
Q2 24
43.4%
20.3%
Operating Margin
CXT
CXT
USPH
USPH
Q1 26
Q4 25
16.7%
8.3%
Q3 25
18.4%
12.8%
Q2 25
11.8%
12.6%
Q1 25
11.3%
10.7%
Q4 24
17.7%
10.9%
Q3 24
18.6%
7.6%
Q2 24
18.2%
9.3%
Net Margin
CXT
CXT
USPH
USPH
Q1 26
1.7%
Q4 25
10.0%
2.0%
Q3 25
11.3%
6.7%
Q2 25
6.2%
6.3%
Q1 25
6.6%
5.4%
Q4 24
5.1%
Q3 24
11.7%
3.9%
Q2 24
11.2%
4.5%
EPS (diluted)
CXT
CXT
USPH
USPH
Q1 26
Q4 25
$0.82
$-0.44
Q3 25
$0.87
$0.48
Q2 25
$0.43
$0.58
Q1 25
$0.38
$0.80
Q4 24
$1.00
$0.52
Q3 24
$0.81
$0.39
Q2 24
$0.72
$0.47

Balance Sheet & Financial Strength

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

Metric
CXT
CXT
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$228.3M
$35.6M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.2B
$476.4M
Total Assets
$3.6B
$1.2B
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXT
CXT
USPH
USPH
Q1 26
$228.3M
Q4 25
$233.8M
$35.6M
Q3 25
$182.4M
$31.1M
Q2 25
$152.5M
$34.1M
Q1 25
$173.8M
$39.2M
Q4 24
$165.8M
$41.4M
Q3 24
$165.1M
$117.0M
Q2 24
$175.5M
$112.9M
Total Debt
CXT
CXT
USPH
USPH
Q1 26
$1.5B
Q4 25
$1.0B
Q3 25
$834.3M
Q2 25
$861.8M
Q1 25
$541.1M
Q4 24
$540.6M
Q3 24
$638.2M
Q2 24
$638.9M
Stockholders' Equity
CXT
CXT
USPH
USPH
Q1 26
$1.2B
Q4 25
$1.3B
$476.4M
Q3 25
$1.2B
$503.6M
Q2 25
$1.2B
$500.8M
Q1 25
$1.1B
$497.3M
Q4 24
$1.1B
$488.9M
Q3 24
$1.1B
$482.8M
Q2 24
$989.8M
$484.6M
Total Assets
CXT
CXT
USPH
USPH
Q1 26
$3.6B
Q4 25
$3.1B
$1.2B
Q3 25
$2.9B
$1.2B
Q2 25
$2.9B
$1.2B
Q1 25
$2.4B
$1.2B
Q4 24
$2.4B
$1.2B
Q3 24
$2.4B
$1.0B
Q2 24
$2.4B
$1.0B
Debt / Equity
CXT
CXT
USPH
USPH
Q1 26
1.22×
Q4 25
0.80×
Q3 25
0.69×
Q2 25
0.73×
Q1 25
0.49×
Q4 24
0.51×
Q3 24
0.60×
Q2 24
0.65×

Cash Flow & Capital Efficiency

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

Metric
CXT
CXT
USPH
USPH
Operating Cash FlowLast quarter
$24.9M
Free Cash FlowOCF − Capex
$-24.1M
$21.0M
FCF MarginFCF / Revenue
-6.2%
10.4%
Capex IntensityCapex / Revenue
2.6%
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
CXT
CXT
USPH
USPH
Q1 26
Q4 25
$105.8M
$24.9M
Q3 25
$92.0M
$19.9M
Q2 25
$62.8M
$34.9M
Q1 25
$-19.1M
$-4.7M
Q4 24
$81.1M
$19.4M
Q3 24
$66.7M
$22.1M
Q2 24
$56.8M
$29.0M
Free Cash Flow
CXT
CXT
USPH
USPH
Q1 26
$-24.1M
Q4 25
$21.0M
Q3 25
$78.7M
$15.6M
Q2 25
$55.8M
$31.6M
Q1 25
$-32.2M
$-7.3M
Q4 24
$16.9M
Q3 24
$53.5M
$19.6M
Q2 24
$47.9M
$26.7M
FCF Margin
CXT
CXT
USPH
USPH
Q1 26
-6.2%
Q4 25
10.4%
Q3 25
17.7%
7.9%
Q2 25
13.8%
16.0%
Q1 25
-9.7%
-3.9%
Q4 24
9.4%
Q3 24
13.3%
11.7%
Q2 24
12.9%
15.9%
Capex Intensity
CXT
CXT
USPH
USPH
Q1 26
2.6%
Q4 25
1.9%
Q3 25
3.0%
2.2%
Q2 25
1.7%
1.6%
Q1 25
4.0%
1.4%
Q4 24
1.4%
Q3 24
3.3%
1.5%
Q2 24
2.4%
1.4%
Cash Conversion
CXT
CXT
USPH
USPH
Q1 26
Q4 25
2.23×
6.00×
Q3 25
1.82×
1.52×
Q2 25
2.52×
2.81×
Q1 25
-0.88×
-0.47×
Q4 24
2.10×
Q3 24
1.42×
3.34×
Q2 24
1.37×
3.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CXT
CXT

Detection and Traceability Technologies$194.9M50%
Security and Authentication Technologies$192.8M50%

USPH
USPH

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

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