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Side-by-side financial comparison of ROGERS CORP (ROG) 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 $200.5M, roughly 1.0× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs 2.0%, a 0.2% 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 $1.1M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs -3.3%).

Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.

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.

ROG vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.0× larger
USPH
$202.7M
$200.5M
ROG
Growing faster (revenue YoY)
USPH
USPH
+7.1% gap
USPH
12.3%
5.2%
ROG
Higher net margin
ROG
ROG
0.2% more per $
ROG
2.2%
2.0%
USPH
More free cash flow
USPH
USPH
$19.9M more FCF
USPH
$21.0M
$1.1M
ROG
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
-3.3%
ROG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ROG
ROG
USPH
USPH
Revenue
$200.5M
$202.7M
Net Profit
$4.5M
$4.2M
Gross Margin
32.2%
19.8%
Operating Margin
8.3%
Net Margin
2.2%
2.0%
Revenue YoY
5.2%
12.3%
Net Profit YoY
421.4%
-55.1%
EPS (diluted)
$0.25
$-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
ROG
ROG
USPH
USPH
Q1 26
$200.5M
Q4 25
$201.5M
$202.7M
Q3 25
$216.0M
$197.1M
Q2 25
$202.8M
$197.3M
Q1 25
$190.5M
$183.8M
Q4 24
$192.2M
$180.4M
Q3 24
$210.3M
$168.0M
Q2 24
$214.2M
$167.2M
Net Profit
ROG
ROG
USPH
USPH
Q1 26
$4.5M
Q4 25
$4.6M
$4.2M
Q3 25
$8.6M
$13.1M
Q2 25
$-73.6M
$12.4M
Q1 25
$-1.4M
$9.9M
Q4 24
$-500.0K
$9.2M
Q3 24
$10.7M
$6.6M
Q2 24
$8.1M
$7.5M
Gross Margin
ROG
ROG
USPH
USPH
Q1 26
32.2%
Q4 25
31.5%
19.8%
Q3 25
33.5%
18.7%
Q2 25
31.6%
21.1%
Q1 25
29.9%
16.9%
Q4 24
32.1%
18.0%
Q3 24
35.2%
17.3%
Q2 24
34.1%
20.3%
Operating Margin
ROG
ROG
USPH
USPH
Q1 26
Q4 25
3.5%
8.3%
Q3 25
7.3%
12.8%
Q2 25
-33.3%
12.6%
Q1 25
-0.2%
10.7%
Q4 24
-6.6%
10.9%
Q3 24
6.9%
7.6%
Q2 24
5.3%
9.3%
Net Margin
ROG
ROG
USPH
USPH
Q1 26
2.2%
Q4 25
2.3%
2.0%
Q3 25
4.0%
6.7%
Q2 25
-36.3%
6.3%
Q1 25
-0.7%
5.4%
Q4 24
-0.3%
5.1%
Q3 24
5.1%
3.9%
Q2 24
3.8%
4.5%
EPS (diluted)
ROG
ROG
USPH
USPH
Q1 26
$0.25
Q4 25
$0.20
$-0.44
Q3 25
$0.48
$0.48
Q2 25
$-4.00
$0.58
Q1 25
$-0.08
$0.80
Q4 24
$-0.04
$0.52
Q3 24
$0.58
$0.39
Q2 24
$0.44
$0.47

Balance Sheet & Financial Strength

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

Metric
ROG
ROG
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$195.8M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$476.4M
Total Assets
$1.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROG
ROG
USPH
USPH
Q1 26
$195.8M
Q4 25
$197.0M
$35.6M
Q3 25
$167.8M
$31.1M
Q2 25
$157.2M
$34.1M
Q1 25
$175.6M
$39.2M
Q4 24
$159.8M
$41.4M
Q3 24
$146.4M
$117.0M
Q2 24
$119.9M
$112.9M
Stockholders' Equity
ROG
ROG
USPH
USPH
Q1 26
$1.2B
Q4 25
$1.2B
$476.4M
Q3 25
$1.2B
$503.6M
Q2 25
$1.2B
$500.8M
Q1 25
$1.3B
$497.3M
Q4 24
$1.3B
$488.9M
Q3 24
$1.3B
$482.8M
Q2 24
$1.3B
$484.6M
Total Assets
ROG
ROG
USPH
USPH
Q1 26
$1.4B
Q4 25
$1.4B
$1.2B
Q3 25
$1.4B
$1.2B
Q2 25
$1.5B
$1.2B
Q1 25
$1.5B
$1.2B
Q4 24
$1.5B
$1.2B
Q3 24
$1.5B
$1.0B
Q2 24
$1.5B
$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
ROG
ROG
USPH
USPH
Operating Cash FlowLast quarter
$5.8M
$24.9M
Free Cash FlowOCF − Capex
$1.1M
$21.0M
FCF MarginFCF / Revenue
0.5%
10.4%
Capex IntensityCapex / Revenue
2.3%
1.9%
Cash ConversionOCF / Net Profit
1.29×
6.00×
TTM Free Cash FlowTrailing 4 quarters
$70.1M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROG
ROG
USPH
USPH
Q1 26
$5.8M
Q4 25
$46.9M
$24.9M
Q3 25
$28.9M
$19.9M
Q2 25
$13.7M
$34.9M
Q1 25
$11.7M
$-4.7M
Q4 24
$33.7M
$19.4M
Q3 24
$42.4M
$22.1M
Q2 24
$22.9M
$29.0M
Free Cash Flow
ROG
ROG
USPH
USPH
Q1 26
$1.1M
Q4 25
$42.2M
$21.0M
Q3 25
$21.2M
$15.6M
Q2 25
$5.6M
$31.6M
Q1 25
$2.1M
$-7.3M
Q4 24
$18.3M
$16.9M
Q3 24
$25.2M
$19.6M
Q2 24
$8.8M
$26.7M
FCF Margin
ROG
ROG
USPH
USPH
Q1 26
0.5%
Q4 25
20.9%
10.4%
Q3 25
9.8%
7.9%
Q2 25
2.8%
16.0%
Q1 25
1.1%
-3.9%
Q4 24
9.5%
9.4%
Q3 24
12.0%
11.7%
Q2 24
4.1%
15.9%
Capex Intensity
ROG
ROG
USPH
USPH
Q1 26
2.3%
Q4 25
2.3%
1.9%
Q3 25
3.6%
2.2%
Q2 25
4.0%
1.6%
Q1 25
5.0%
1.4%
Q4 24
8.0%
1.4%
Q3 24
8.2%
1.5%
Q2 24
6.6%
1.4%
Cash Conversion
ROG
ROG
USPH
USPH
Q1 26
1.29×
Q4 25
10.20×
6.00×
Q3 25
3.36×
1.52×
Q2 25
2.81×
Q1 25
-0.47×
Q4 24
2.10×
Q3 24
3.96×
3.34×
Q2 24
2.83×
3.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ROG
ROG

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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