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

Kimball Electronics, Inc. is the larger business by last-quarter revenue ($341.3M vs $202.7M, roughly 1.7× U S PHYSICAL THERAPY INC). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs 1.1%, a 1.0% gap on every dollar of revenue. On growth, U S PHYSICAL THERAPY INC posted the faster year-over-year revenue change (12.3% vs -4.5%). U S PHYSICAL THERAPY INC produced more free cash flow last quarter ($21.0M vs $-11.2M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs -10.4%).

Kimball International, Inc. is an American company which consists of furniture brands: Kimball, National, Interwoven, Etc., David Edward, D'Style and Kimball Hospitality. It is the successor to W.W. Kimball and Company, the world's largest piano and organ manufacturer at certain times in the 19th and 20th centuries.

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.

KE vs USPH — Head-to-Head

Bigger by revenue
KE
KE
1.7× larger
KE
$341.3M
$202.7M
USPH
Growing faster (revenue YoY)
USPH
USPH
+16.9% gap
USPH
12.3%
-4.5%
KE
Higher net margin
USPH
USPH
1.0% more per $
USPH
2.0%
1.1%
KE
More free cash flow
USPH
USPH
$32.2M more FCF
USPH
$21.0M
$-11.2M
KE
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
-10.4%
KE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
KE
KE
USPH
USPH
Revenue
$341.3M
$202.7M
Net Profit
$3.6M
$4.2M
Gross Margin
8.2%
19.8%
Operating Margin
3.2%
8.3%
Net Margin
1.1%
2.0%
Revenue YoY
-4.5%
12.3%
Net Profit YoY
6.0%
-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
KE
KE
USPH
USPH
Q4 25
$341.3M
$202.7M
Q3 25
$365.6M
$197.1M
Q2 25
$380.5M
$197.3M
Q1 25
$374.6M
$183.8M
Q4 24
$357.4M
$180.4M
Q3 24
$374.3M
$168.0M
Q2 24
$430.2M
$167.2M
Q1 24
$425.0M
$155.7M
Net Profit
KE
KE
USPH
USPH
Q4 25
$3.6M
$4.2M
Q3 25
$10.1M
$13.1M
Q2 25
$6.6M
$12.4M
Q1 25
$3.8M
$9.9M
Q4 24
$3.4M
$9.2M
Q3 24
$3.2M
$6.6M
Q2 24
$7.5M
$7.5M
Q1 24
$-6.1M
$8.0M
Gross Margin
KE
KE
USPH
USPH
Q4 25
8.2%
19.8%
Q3 25
7.9%
18.7%
Q2 25
8.0%
21.1%
Q1 25
7.2%
16.9%
Q4 24
6.6%
18.0%
Q3 24
6.3%
17.3%
Q2 24
8.5%
20.3%
Q1 24
7.9%
18.2%
Operating Margin
KE
KE
USPH
USPH
Q4 25
3.2%
8.3%
Q3 25
4.0%
12.8%
Q2 25
4.3%
12.6%
Q1 25
3.1%
10.7%
Q4 24
2.3%
10.9%
Q3 24
2.4%
7.6%
Q2 24
4.6%
9.3%
Q1 24
-1.5%
9.6%
Net Margin
KE
KE
USPH
USPH
Q4 25
1.1%
2.0%
Q3 25
2.8%
6.7%
Q2 25
1.7%
6.3%
Q1 25
1.0%
5.4%
Q4 24
1.0%
5.1%
Q3 24
0.8%
3.9%
Q2 24
1.8%
4.5%
Q1 24
-1.4%
5.2%
EPS (diluted)
KE
KE
USPH
USPH
Q4 25
$0.15
$-0.44
Q3 25
$0.40
$0.48
Q2 25
$0.27
$0.58
Q1 25
$0.15
$0.80
Q4 24
$0.14
$0.52
Q3 24
$0.12
$0.39
Q2 24
$0.29
$0.47
Q1 24
$-0.24
$0.46

Balance Sheet & Financial Strength

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

Metric
KE
KE
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$77.9M
$35.6M
Total DebtLower is stronger
$153.8M
Stockholders' EquityBook value
$579.2M
$476.4M
Total Assets
$1.1B
$1.2B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KE
KE
USPH
USPH
Q4 25
$77.9M
$35.6M
Q3 25
$75.7M
$31.1M
Q2 25
$88.8M
$34.1M
Q1 25
$51.4M
$39.2M
Q4 24
$53.9M
$41.4M
Q3 24
$76.6M
$117.0M
Q2 24
$78.0M
$112.9M
Q1 24
$65.2M
$132.3M
Total Debt
KE
KE
USPH
USPH
Q4 25
$153.8M
Q3 25
$137.5M
Q2 25
$147.1M
Q1 25
$178.3M
Q4 24
$204.5M
Q3 24
Q2 24
$294.8M
Q1 24
Stockholders' Equity
KE
KE
USPH
USPH
Q4 25
$579.2M
$476.4M
Q3 25
$577.1M
$503.6M
Q2 25
$569.9M
$500.8M
Q1 25
$548.1M
$497.3M
Q4 24
$537.5M
$488.9M
Q3 24
$547.8M
$482.8M
Q2 24
$540.5M
$484.6M
Q1 24
$539.1M
$479.8M
Total Assets
KE
KE
USPH
USPH
Q4 25
$1.1B
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$1.1B
$1.2B
Q1 25
$1.1B
$1.2B
Q4 24
$1.1B
$1.2B
Q3 24
$1.1B
$1.0B
Q2 24
$1.2B
$1.0B
Q1 24
$1.3B
$1.0B
Debt / Equity
KE
KE
USPH
USPH
Q4 25
0.27×
Q3 25
0.24×
Q2 25
0.26×
Q1 25
0.33×
Q4 24
0.38×
Q3 24
Q2 24
0.55×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
KE
KE
USPH
USPH
Operating Cash FlowLast quarter
$6.9M
$24.9M
Free Cash FlowOCF − Capex
$-11.2M
$21.0M
FCF MarginFCF / Revenue
-3.3%
10.4%
Capex IntensityCapex / Revenue
5.3%
1.9%
Cash ConversionOCF / Net Profit
1.89×
6.00×
TTM Free Cash FlowTrailing 4 quarters
$81.8M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KE
KE
USPH
USPH
Q4 25
$6.9M
$24.9M
Q3 25
$8.1M
$19.9M
Q2 25
$78.1M
$34.9M
Q1 25
$30.9M
$-4.7M
Q4 24
$29.5M
$19.4M
Q3 24
$45.5M
$22.1M
Q2 24
$48.5M
$29.0M
Q1 24
$42.6M
$4.4M
Free Cash Flow
KE
KE
USPH
USPH
Q4 25
$-11.2M
$21.0M
Q3 25
$-2.5M
$15.6M
Q2 25
$68.4M
$31.6M
Q1 25
$27.0M
$-7.3M
Q4 24
$23.1M
$16.9M
Q3 24
$32.1M
$19.6M
Q2 24
$39.5M
$26.7M
Q1 24
$30.0M
$2.6M
FCF Margin
KE
KE
USPH
USPH
Q4 25
-3.3%
10.4%
Q3 25
-0.7%
7.9%
Q2 25
18.0%
16.0%
Q1 25
7.2%
-3.9%
Q4 24
6.5%
9.4%
Q3 24
8.6%
11.7%
Q2 24
9.2%
15.9%
Q1 24
7.1%
1.7%
Capex Intensity
KE
KE
USPH
USPH
Q4 25
5.3%
1.9%
Q3 25
2.9%
2.2%
Q2 25
2.5%
1.6%
Q1 25
1.0%
1.4%
Q4 24
1.8%
1.4%
Q3 24
3.6%
1.5%
Q2 24
2.1%
1.4%
Q1 24
3.0%
1.2%
Cash Conversion
KE
KE
USPH
USPH
Q4 25
1.89×
6.00×
Q3 25
0.80×
1.52×
Q2 25
11.86×
2.81×
Q1 25
8.11×
-0.47×
Q4 24
8.58×
2.10×
Q3 24
14.42×
3.34×
Q2 24
6.43×
3.86×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KE
KE

Automotive$162.3M48%
Medical$96.3M28%
Industrial$82.7M24%

USPH
USPH

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

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