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Side-by-side financial comparison of EVI INDUSTRIES, INC. (EVI) 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 $115.3M, roughly 1.8× EVI INDUSTRIES, INC.). EVI INDUSTRIES, INC. runs the higher net margin — 2.1% vs 2.0%, a 0.0% gap on every dollar of revenue. On growth, EVI INDUSTRIES, INC. posted the faster year-over-year revenue change (24.4% vs 12.3%). Over the past eight quarters, EVI INDUSTRIES, INC.'s revenue compounded faster (17.2% CAGR vs 14.1%).

EVI Industries, Inc. is a leading distributor of commercial laundry, dry cleaning, and garment care equipment, as well as related parts and supplies. It primarily serves commercial customers across North America, including laundromats, hospitality businesses, healthcare facilities, and multi-family housing properties, offering installation, maintenance and after-sales support 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.

EVI vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.8× larger
USPH
$202.7M
$115.3M
EVI
Growing faster (revenue YoY)
EVI
EVI
+12.0% gap
EVI
24.4%
12.3%
USPH
Higher net margin
EVI
EVI
0.0% more per $
EVI
2.1%
2.0%
USPH
Faster 2-yr revenue CAGR
EVI
EVI
Annualised
EVI
17.2%
14.1%
USPH

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
EVI
EVI
USPH
USPH
Revenue
$115.3M
$202.7M
Net Profit
$2.4M
$4.2M
Gross Margin
30.8%
19.8%
Operating Margin
3.7%
8.3%
Net Margin
2.1%
2.0%
Revenue YoY
24.4%
12.3%
Net Profit YoY
109.9%
-55.1%
EPS (diluted)
$0.15
$-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
EVI
EVI
USPH
USPH
Q4 25
$115.3M
$202.7M
Q3 25
$108.3M
$197.1M
Q2 25
$110.0M
$197.3M
Q1 25
$93.5M
$183.8M
Q4 24
$92.7M
$180.4M
Q3 24
$93.6M
$168.0M
Q2 24
$90.1M
$167.2M
Q1 24
$84.0M
$155.7M
Net Profit
EVI
EVI
USPH
USPH
Q4 25
$2.4M
$4.2M
Q3 25
$1.8M
$13.1M
Q2 25
$2.1M
$12.4M
Q1 25
$1.0M
$9.9M
Q4 24
$1.1M
$9.2M
Q3 24
$3.2M
$6.6M
Q2 24
$2.1M
$7.5M
Q1 24
$956.0K
$8.0M
Gross Margin
EVI
EVI
USPH
USPH
Q4 25
30.8%
19.8%
Q3 25
31.3%
18.7%
Q2 25
30.8%
21.1%
Q1 25
30.0%
16.9%
Q4 24
29.7%
18.0%
Q3 24
30.8%
17.3%
Q2 24
30.4%
20.3%
Q1 24
30.7%
18.2%
Operating Margin
EVI
EVI
USPH
USPH
Q4 25
3.7%
8.3%
Q3 25
3.3%
12.8%
Q2 25
3.7%
12.6%
Q1 25
2.4%
10.7%
Q4 24
2.6%
10.9%
Q3 24
5.3%
7.6%
Q2 24
4.1%
9.3%
Q1 24
2.9%
9.6%
Net Margin
EVI
EVI
USPH
USPH
Q4 25
2.1%
2.0%
Q3 25
1.7%
6.7%
Q2 25
1.9%
6.3%
Q1 25
1.1%
5.4%
Q4 24
1.2%
5.1%
Q3 24
3.5%
3.9%
Q2 24
2.3%
4.5%
Q1 24
1.1%
5.2%
EPS (diluted)
EVI
EVI
USPH
USPH
Q4 25
$0.15
$-0.44
Q3 25
$0.11
$0.48
Q2 25
$0.14
$0.58
Q1 25
$0.07
$0.80
Q4 24
$0.07
$0.52
Q3 24
$0.21
$0.39
Q2 24
$0.13
$0.47
Q1 24
$0.06
$0.46

Balance Sheet & Financial Strength

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

Metric
EVI
EVI
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$144.0M
$476.4M
Total Assets
$315.6M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVI
EVI
USPH
USPH
Q4 25
$35.6M
Q3 25
$4.7M
$31.1M
Q2 25
$8.9M
$34.1M
Q1 25
$5.9M
$39.2M
Q4 24
$3.9M
$41.4M
Q3 24
$4.4M
$117.0M
Q2 24
$4.6M
$112.9M
Q1 24
$3.3M
$132.3M
Total Debt
EVI
EVI
USPH
USPH
Q4 25
Q3 25
Q2 25
Q1 25
$24.0M
Q4 24
$27.9M
Q3 24
$19.9M
Q2 24
$12.9M
Q1 24
$21.9M
Stockholders' Equity
EVI
EVI
USPH
USPH
Q4 25
$144.0M
$476.4M
Q3 25
$140.8M
$503.6M
Q2 25
$143.5M
$500.8M
Q1 25
$140.2M
$497.3M
Q4 24
$138.0M
$488.9M
Q3 24
$136.1M
$482.8M
Q2 24
$136.6M
$484.6M
Q1 24
$133.5M
$479.8M
Total Assets
EVI
EVI
USPH
USPH
Q4 25
$315.6M
$1.2B
Q3 25
$321.8M
$1.2B
Q2 25
$307.0M
$1.2B
Q1 25
$251.8M
$1.2B
Q4 24
$248.8M
$1.2B
Q3 24
$245.5M
$1.0B
Q2 24
$230.7M
$1.0B
Q1 24
$239.3M
$1.0B
Debt / Equity
EVI
EVI
USPH
USPH
Q4 25
Q3 25
Q2 25
Q1 25
0.17×
Q4 24
0.20×
Q3 24
0.15×
Q2 24
0.09×
Q1 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
EVI
EVI
USPH
USPH
Operating Cash FlowLast quarter
$4.0M
$24.9M
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
1.70×
6.00×
TTM Free Cash FlowTrailing 4 quarters
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVI
EVI
USPH
USPH
Q4 25
$4.0M
$24.9M
Q3 25
$1.0M
$19.9M
Q2 25
$9.9M
$34.9M
Q1 25
$9.1M
$-4.7M
Q4 24
$2.0M
$19.4M
Q3 24
$207.0K
$22.1M
Q2 24
$12.4M
$29.0M
Q1 24
$9.4M
$4.4M
Free Cash Flow
EVI
EVI
USPH
USPH
Q4 25
$21.0M
Q3 25
$-890.0K
$15.6M
Q2 25
$8.2M
$31.6M
Q1 25
$8.1M
$-7.3M
Q4 24
$1.1M
$16.9M
Q3 24
$-1.0M
$19.6M
Q2 24
$11.2M
$26.7M
Q1 24
$8.1M
$2.6M
FCF Margin
EVI
EVI
USPH
USPH
Q4 25
10.4%
Q3 25
-0.8%
7.9%
Q2 25
7.5%
16.0%
Q1 25
8.7%
-3.9%
Q4 24
1.2%
9.4%
Q3 24
-1.1%
11.7%
Q2 24
12.4%
15.9%
Q1 24
9.7%
1.7%
Capex Intensity
EVI
EVI
USPH
USPH
Q4 25
1.9%
Q3 25
1.8%
2.2%
Q2 25
1.5%
1.6%
Q1 25
1.1%
1.4%
Q4 24
0.9%
1.4%
Q3 24
1.3%
1.5%
Q2 24
1.3%
1.4%
Q1 24
1.5%
1.2%
Cash Conversion
EVI
EVI
USPH
USPH
Q4 25
1.70×
6.00×
Q3 25
0.55×
1.52×
Q2 25
4.74×
2.81×
Q1 25
8.79×
-0.47×
Q4 24
1.74×
2.10×
Q3 24
0.06×
3.34×
Q2 24
5.99×
3.86×
Q1 24
9.85×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVI
EVI

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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