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Side-by-side financial comparison of J&J SNACK FOODS CORP (JJSF) and U S PHYSICAL THERAPY INC (USPH). Click either name above to swap in a different company.

J&J SNACK FOODS CORP is the larger business by last-quarter revenue ($343.8M vs $202.7M, roughly 1.7× U S PHYSICAL THERAPY INC). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs 0.3%, a 1.8% gap on every dollar of revenue. 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 $17.0M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs -2.2%).

J&J Snack Foods Corp. (JJSFC) is an American manufacturer, marketer, and distributor of name brand snack foods and frozen beverages. Headquartered in Mt. Laurel, NJ, JJSF uses over 175 facilities for manufacturing, warehousing, and distributing located in 44 states, Mexico, and Canada. The company is listed on the NASDAQ Global Select Market as "JJSFC", and serves both national and international markets.

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.

JJSF vs USPH — Head-to-Head

Bigger by revenue
JJSF
JJSF
1.7× larger
JJSF
$343.8M
$202.7M
USPH
Growing faster (revenue YoY)
USPH
USPH
+17.5% gap
USPH
12.3%
-5.2%
JJSF
Higher net margin
USPH
USPH
1.8% more per $
USPH
2.0%
0.3%
JJSF
More free cash flow
USPH
USPH
$4.0M more FCF
USPH
$21.0M
$17.0M
JJSF
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
-2.2%
JJSF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JJSF
JJSF
USPH
USPH
Revenue
$343.8M
$202.7M
Net Profit
$883.0K
$4.2M
Gross Margin
27.9%
19.8%
Operating Margin
0.2%
8.3%
Net Margin
0.3%
2.0%
Revenue YoY
-5.2%
12.3%
Net Profit YoY
-82.8%
-55.1%
EPS (diluted)
$0.05
$-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
JJSF
JJSF
USPH
USPH
Q4 25
$343.8M
$202.7M
Q3 25
$410.2M
$197.1M
Q2 25
$454.3M
$197.3M
Q1 25
$356.1M
$183.8M
Q4 24
$362.6M
$180.4M
Q3 24
$426.8M
$168.0M
Q2 24
$440.0M
$167.2M
Q1 24
$359.7M
$155.7M
Net Profit
JJSF
JJSF
USPH
USPH
Q4 25
$883.0K
$4.2M
Q3 25
$11.4M
$13.1M
Q2 25
$44.2M
$12.4M
Q1 25
$4.8M
$9.9M
Q4 24
$5.1M
$9.2M
Q3 24
$29.6M
$6.6M
Q2 24
$36.3M
$7.5M
Q1 24
$13.3M
$8.0M
Gross Margin
JJSF
JJSF
USPH
USPH
Q4 25
27.9%
19.8%
Q3 25
31.7%
18.7%
Q2 25
33.0%
21.1%
Q1 25
26.9%
16.9%
Q4 24
25.9%
18.0%
Q3 24
31.8%
17.3%
Q2 24
33.6%
20.3%
Q1 24
30.1%
18.2%
Operating Margin
JJSF
JJSF
USPH
USPH
Q4 25
0.2%
8.3%
Q3 25
2.8%
12.8%
Q2 25
13.3%
12.6%
Q1 25
1.7%
10.7%
Q4 24
1.7%
10.9%
Q3 24
9.3%
7.6%
Q2 24
11.4%
9.3%
Q1 24
5.0%
9.6%
Net Margin
JJSF
JJSF
USPH
USPH
Q4 25
0.3%
2.0%
Q3 25
2.8%
6.7%
Q2 25
9.7%
6.3%
Q1 25
1.4%
5.4%
Q4 24
1.4%
5.1%
Q3 24
6.9%
3.9%
Q2 24
8.3%
4.5%
Q1 24
3.7%
5.2%
EPS (diluted)
JJSF
JJSF
USPH
USPH
Q4 25
$0.05
$-0.44
Q3 25
$0.59
$0.48
Q2 25
$2.26
$0.58
Q1 25
$0.25
$0.80
Q4 24
$0.26
$0.52
Q3 24
$1.52
$0.39
Q2 24
$1.87
$0.47
Q1 24
$0.69
$0.46

Balance Sheet & Financial Strength

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

Metric
JJSF
JJSF
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$66.8M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.9M
$476.4M
Total Assets
$1.3B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JJSF
JJSF
USPH
USPH
Q4 25
$66.8M
$35.6M
Q3 25
$105.9M
$31.1M
Q2 25
$77.4M
$34.1M
Q1 25
$48.5M
$39.2M
Q4 24
$73.6M
$41.4M
Q3 24
$73.4M
$117.0M
Q2 24
$64.0M
$112.9M
Q1 24
$43.6M
$132.3M
Stockholders' Equity
JJSF
JJSF
USPH
USPH
Q4 25
$912.9M
$476.4M
Q3 25
$966.7M
$503.6M
Q2 25
$969.9M
$500.8M
Q1 25
$935.0M
$497.3M
Q4 24
$946.8M
$488.9M
Q3 24
$957.0M
$482.8M
Q2 24
$937.9M
$484.6M
Q1 24
$915.7M
$479.8M
Total Assets
JJSF
JJSF
USPH
USPH
Q4 25
$1.3B
$1.2B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.4B
$1.2B
Q4 24
$1.3B
$1.2B
Q3 24
$1.4B
$1.0B
Q2 24
$1.4B
$1.0B
Q1 24
$1.3B
$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
JJSF
JJSF
USPH
USPH
Operating Cash FlowLast quarter
$36.0M
$24.9M
Free Cash FlowOCF − Capex
$17.0M
$21.0M
FCF MarginFCF / Revenue
4.9%
10.4%
Capex IntensityCapex / Revenue
5.5%
1.9%
Cash ConversionOCF / Net Profit
40.73×
6.00×
TTM Free Cash FlowTrailing 4 quarters
$83.1M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JJSF
JJSF
USPH
USPH
Q4 25
$36.0M
$24.9M
Q3 25
$66.4M
$19.9M
Q2 25
$51.2M
$34.9M
Q1 25
$12.3M
$-4.7M
Q4 24
$35.2M
$19.4M
Q3 24
$46.3M
$22.1M
Q2 24
$65.0M
$29.0M
Q1 24
$12.7M
$4.4M
Free Cash Flow
JJSF
JJSF
USPH
USPH
Q4 25
$17.0M
$21.0M
Q3 25
$44.8M
$15.6M
Q2 25
$28.5M
$31.6M
Q1 25
$-7.2M
$-7.3M
Q4 24
$16.1M
$16.9M
Q3 24
$29.1M
$19.6M
Q2 24
$45.3M
$26.7M
Q1 24
$-4.0M
$2.6M
FCF Margin
JJSF
JJSF
USPH
USPH
Q4 25
4.9%
10.4%
Q3 25
10.9%
7.9%
Q2 25
6.3%
16.0%
Q1 25
-2.0%
-3.9%
Q4 24
4.4%
9.4%
Q3 24
6.8%
11.7%
Q2 24
10.3%
15.9%
Q1 24
-1.1%
1.7%
Capex Intensity
JJSF
JJSF
USPH
USPH
Q4 25
5.5%
1.9%
Q3 25
5.3%
2.2%
Q2 25
5.0%
1.6%
Q1 25
5.5%
1.4%
Q4 24
5.3%
1.4%
Q3 24
4.0%
1.5%
Q2 24
4.5%
1.4%
Q1 24
4.6%
1.2%
Cash Conversion
JJSF
JJSF
USPH
USPH
Q4 25
40.73×
6.00×
Q3 25
5.84×
1.52×
Q2 25
1.16×
2.81×
Q1 25
2.55×
-0.47×
Q4 24
6.84×
2.10×
Q3 24
1.56×
3.34×
Q2 24
1.79×
3.86×
Q1 24
0.96×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JJSF
JJSF

Food Service$219.2M64%
Frozen Beverages$78.7M23%
Repair And Maintenance Service$22.5M7%
Other$12.7M4%
Machine Sales$10.7M3%

USPH
USPH

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

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