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Side-by-side financial comparison of LATTICE SEMICONDUCTOR CORP (LSCC) 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 $145.8M, roughly 1.4× LATTICE SEMICONDUCTOR CORP). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs -5.2%, a 7.3% gap on every dollar of revenue. On growth, U S PHYSICAL THERAPY INC posted the faster year-over-year revenue change (12.3% vs 9.3%). LATTICE SEMICONDUCTOR CORP produced more free cash flow last quarter ($44.0M vs $21.0M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs 8.4%).

Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, Calif., Shanghai, Manila, Penang, and Singapore. Lattice Semiconductor has more than 1000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It ...

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.

LSCC vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.4× larger
USPH
$202.7M
$145.8M
LSCC
Growing faster (revenue YoY)
USPH
USPH
+3.0% gap
USPH
12.3%
9.3%
LSCC
Higher net margin
USPH
USPH
7.3% more per $
USPH
2.0%
-5.2%
LSCC
More free cash flow
LSCC
LSCC
$23.0M more FCF
LSCC
$44.0M
$21.0M
USPH
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
8.4%
LSCC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LSCC
LSCC
USPH
USPH
Revenue
$145.8M
$202.7M
Net Profit
$-7.6M
$4.2M
Gross Margin
68.5%
19.8%
Operating Margin
30.7%
8.3%
Net Margin
-5.2%
2.0%
Revenue YoY
9.3%
12.3%
Net Profit YoY
14.6%
-55.1%
EPS (diluted)
$-0.06
$-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
LSCC
LSCC
USPH
USPH
Q1 26
$145.8M
Q4 25
$202.7M
Q3 25
$133.3M
$197.1M
Q2 25
$124.0M
$197.3M
Q1 25
$120.2M
$183.8M
Q4 24
$117.4M
$180.4M
Q3 24
$127.1M
$168.0M
Q2 24
$124.1M
$167.2M
Net Profit
LSCC
LSCC
USPH
USPH
Q1 26
$-7.6M
Q4 25
$4.2M
Q3 25
$2.8M
$13.1M
Q2 25
$2.9M
$12.4M
Q1 25
$5.0M
$9.9M
Q4 24
$16.5M
$9.2M
Q3 24
$7.2M
$6.6M
Q2 24
$22.6M
$7.5M
Gross Margin
LSCC
LSCC
USPH
USPH
Q1 26
68.5%
Q4 25
19.8%
Q3 25
67.9%
18.7%
Q2 25
68.4%
21.1%
Q1 25
68.0%
16.9%
Q4 24
61.1%
18.0%
Q3 24
69.0%
17.3%
Q2 24
68.3%
20.3%
Operating Margin
LSCC
LSCC
USPH
USPH
Q1 26
0.7%
Q4 25
8.3%
Q3 25
-1.2%
12.8%
Q2 25
3.8%
12.6%
Q1 25
5.8%
10.7%
Q4 24
-10.4%
10.9%
Q3 24
5.9%
7.6%
Q2 24
18.2%
9.3%
Net Margin
LSCC
LSCC
USPH
USPH
Q1 26
-5.2%
Q4 25
2.0%
Q3 25
2.1%
6.7%
Q2 25
2.3%
6.3%
Q1 25
4.2%
5.4%
Q4 24
14.1%
5.1%
Q3 24
5.7%
3.9%
Q2 24
18.2%
4.5%
EPS (diluted)
LSCC
LSCC
USPH
USPH
Q1 26
$-0.06
Q4 25
$-0.44
Q3 25
$0.02
$0.48
Q2 25
$0.02
$0.58
Q1 25
$0.04
$0.80
Q4 24
$0.12
$0.52
Q3 24
$0.05
$0.39
Q2 24
$0.16
$0.47

Balance Sheet & Financial Strength

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

Metric
LSCC
LSCC
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$133.9M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$714.1M
$476.4M
Total Assets
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSCC
LSCC
USPH
USPH
Q1 26
$133.9M
Q4 25
$35.6M
Q3 25
$117.9M
$31.1M
Q2 25
$107.2M
$34.1M
Q1 25
$127.6M
$39.2M
Q4 24
$136.3M
$41.4M
Q3 24
$124.3M
$117.0M
Q2 24
$109.2M
$112.9M
Stockholders' Equity
LSCC
LSCC
USPH
USPH
Q1 26
$714.1M
Q4 25
$476.4M
Q3 25
$706.4M
$503.6M
Q2 25
$687.0M
$500.8M
Q1 25
$707.9M
$497.3M
Q4 24
$710.9M
$488.9M
Q3 24
$703.5M
$482.8M
Q2 24
$698.8M
$484.6M
Total Assets
LSCC
LSCC
USPH
USPH
Q1 26
$883.1M
Q4 25
$1.2B
Q3 25
$844.4M
$1.2B
Q2 25
$808.6M
$1.2B
Q1 25
$823.6M
$1.2B
Q4 24
$843.9M
$1.2B
Q3 24
$853.7M
$1.0B
Q2 24
$827.5M
$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
LSCC
LSCC
USPH
USPH
Operating Cash FlowLast quarter
$57.6M
$24.9M
Free Cash FlowOCF − Capex
$44.0M
$21.0M
FCF MarginFCF / Revenue
30.2%
10.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$153.3M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSCC
LSCC
USPH
USPH
Q1 26
$57.6M
Q4 25
$24.9M
Q3 25
$47.1M
$19.9M
Q2 25
$38.5M
$34.9M
Q1 25
$31.9M
$-4.7M
Q4 24
$45.4M
$19.4M
Q3 24
$44.0M
$22.1M
Q2 24
$21.9M
$29.0M
Free Cash Flow
LSCC
LSCC
USPH
USPH
Q1 26
$44.0M
Q4 25
$21.0M
Q3 25
$34.0M
$15.6M
Q2 25
$31.3M
$31.6M
Q1 25
$23.3M
$-7.3M
Q4 24
$39.7M
$16.9M
Q3 24
$39.4M
$19.6M
Q2 24
$14.8M
$26.7M
FCF Margin
LSCC
LSCC
USPH
USPH
Q1 26
30.2%
Q4 25
10.4%
Q3 25
25.5%
7.9%
Q2 25
25.2%
16.0%
Q1 25
19.4%
-3.9%
Q4 24
33.8%
9.4%
Q3 24
31.0%
11.7%
Q2 24
11.9%
15.9%
Capex Intensity
LSCC
LSCC
USPH
USPH
Q1 26
9.3%
Q4 25
1.9%
Q3 25
9.8%
2.2%
Q2 25
5.8%
1.6%
Q1 25
7.2%
1.4%
Q4 24
4.9%
1.4%
Q3 24
3.7%
1.5%
Q2 24
5.8%
1.4%
Cash Conversion
LSCC
LSCC
USPH
USPH
Q1 26
Q4 25
6.00×
Q3 25
16.86×
1.52×
Q2 25
13.23×
2.81×
Q1 25
6.35×
-0.47×
Q4 24
2.75×
2.10×
Q3 24
6.12×
3.34×
Q2 24
0.97×
3.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSCC
LSCC

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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