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Side-by-side financial comparison of Simply Good Foods Co (SMPL) and U S PHYSICAL THERAPY INC (USPH). Click either name above to swap in a different company.

Simply Good Foods Co is the larger business by last-quarter revenue ($340.2M vs $202.7M, roughly 1.7× U S PHYSICAL THERAPY INC). Simply Good Foods Co runs the higher net margin — 7.4% vs 2.0%, a 5.4% gap on every dollar of revenue. On growth, U S PHYSICAL THERAPY INC posted the faster year-over-year revenue change (12.3% vs -0.3%). Simply Good Foods Co produced more free cash flow last quarter ($48.0M vs $21.0M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs 3.0%).

Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, owned wholly by Amazon, and which generally sells whole food products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections.

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.

SMPL vs USPH — Head-to-Head

Bigger by revenue
SMPL
SMPL
1.7× larger
SMPL
$340.2M
$202.7M
USPH
Growing faster (revenue YoY)
USPH
USPH
+12.7% gap
USPH
12.3%
-0.3%
SMPL
Higher net margin
SMPL
SMPL
5.4% more per $
SMPL
7.4%
2.0%
USPH
More free cash flow
SMPL
SMPL
$27.0M more FCF
SMPL
$48.0M
$21.0M
USPH
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
3.0%
SMPL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SMPL
SMPL
USPH
USPH
Revenue
$340.2M
$202.7M
Net Profit
$25.3M
$4.2M
Gross Margin
32.3%
19.8%
Operating Margin
11.0%
8.3%
Net Margin
7.4%
2.0%
Revenue YoY
-0.3%
12.3%
Net Profit YoY
-33.7%
-55.1%
EPS (diluted)
$0.26
$-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
SMPL
SMPL
USPH
USPH
Q4 25
$340.2M
$202.7M
Q3 25
$197.1M
Q2 25
$381.0M
$197.3M
Q1 25
$183.8M
Q4 24
$341.3M
$180.4M
Q3 24
$375.7M
$168.0M
Q2 24
$334.8M
$167.2M
Q1 24
$312.2M
$155.7M
Net Profit
SMPL
SMPL
USPH
USPH
Q4 25
$25.3M
$4.2M
Q3 25
$13.1M
Q2 25
$41.1M
$12.4M
Q1 25
$9.9M
Q4 24
$38.1M
$9.2M
Q3 24
$29.3M
$6.6M
Q2 24
$41.3M
$7.5M
Q1 24
$33.1M
$8.0M
Gross Margin
SMPL
SMPL
USPH
USPH
Q4 25
32.3%
19.8%
Q3 25
18.7%
Q2 25
36.4%
21.1%
Q1 25
16.9%
Q4 24
38.2%
18.0%
Q3 24
38.8%
17.3%
Q2 24
39.9%
20.3%
Q1 24
37.4%
18.2%
Operating Margin
SMPL
SMPL
USPH
USPH
Q4 25
11.0%
8.3%
Q3 25
12.8%
Q2 25
15.6%
12.6%
Q1 25
10.7%
Q4 24
16.0%
10.9%
Q3 24
12.7%
7.6%
Q2 24
17.6%
9.3%
Q1 24
15.4%
9.6%
Net Margin
SMPL
SMPL
USPH
USPH
Q4 25
7.4%
2.0%
Q3 25
6.7%
Q2 25
10.8%
6.3%
Q1 25
5.4%
Q4 24
11.2%
5.1%
Q3 24
7.8%
3.9%
Q2 24
12.3%
4.5%
Q1 24
10.6%
5.2%
EPS (diluted)
SMPL
SMPL
USPH
USPH
Q4 25
$0.26
$-0.44
Q3 25
$0.48
Q2 25
$0.40
$0.58
Q1 25
$0.80
Q4 24
$0.38
$0.52
Q3 24
$0.29
$0.39
Q2 24
$0.41
$0.47
Q1 24
$0.33
$0.46

Balance Sheet & Financial Strength

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

Metric
SMPL
SMPL
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$194.1M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$476.4M
Total Assets
$2.5B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMPL
SMPL
USPH
USPH
Q4 25
$194.1M
$35.6M
Q3 25
$31.1M
Q2 25
$98.0M
$34.1M
Q1 25
$39.2M
Q4 24
$121.8M
$41.4M
Q3 24
$132.5M
$117.0M
Q2 24
$208.7M
$112.9M
Q1 24
$135.9M
$132.3M
Total Debt
SMPL
SMPL
USPH
USPH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$397.5M
Q2 24
$237.7M
Q1 24
$237.7M
Stockholders' Equity
SMPL
SMPL
USPH
USPH
Q4 25
$1.7B
$476.4M
Q3 25
$503.6M
Q2 25
$1.8B
$500.8M
Q1 25
$497.3M
Q4 24
$1.8B
$488.9M
Q3 24
$1.7B
$482.8M
Q2 24
$1.7B
$484.6M
Q1 24
$1.6B
$479.8M
Total Assets
SMPL
SMPL
USPH
USPH
Q4 25
$2.5B
$1.2B
Q3 25
$1.2B
Q2 25
$2.4B
$1.2B
Q1 25
$1.2B
Q4 24
$2.4B
$1.2B
Q3 24
$2.4B
$1.0B
Q2 24
$2.2B
$1.0B
Q1 24
$2.1B
$1.0B
Debt / Equity
SMPL
SMPL
USPH
USPH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.14×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
SMPL
SMPL
USPH
USPH
Operating Cash FlowLast quarter
$50.1M
$24.9M
Free Cash FlowOCF − Capex
$48.0M
$21.0M
FCF MarginFCF / Revenue
14.1%
10.4%
Capex IntensityCapex / Revenue
0.6%
1.9%
Cash ConversionOCF / Net Profit
1.98×
6.00×
TTM Free Cash FlowTrailing 4 quarters
$223.6M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMPL
SMPL
USPH
USPH
Q4 25
$50.1M
$24.9M
Q3 25
$19.9M
Q2 25
$101.1M
$34.9M
Q1 25
$-4.7M
Q4 24
$32.0M
$19.4M
Q3 24
$48.9M
$22.1M
Q2 24
$72.8M
$29.0M
Q1 24
$46.5M
$4.4M
Free Cash Flow
SMPL
SMPL
USPH
USPH
Q4 25
$48.0M
$21.0M
Q3 25
$15.6M
Q2 25
$98.9M
$31.6M
Q1 25
$-7.3M
Q4 24
$31.7M
$16.9M
Q3 24
$45.0M
$19.6M
Q2 24
$72.0M
$26.7M
Q1 24
$46.1M
$2.6M
FCF Margin
SMPL
SMPL
USPH
USPH
Q4 25
14.1%
10.4%
Q3 25
7.9%
Q2 25
25.9%
16.0%
Q1 25
-3.9%
Q4 24
9.3%
9.4%
Q3 24
12.0%
11.7%
Q2 24
21.5%
15.9%
Q1 24
14.8%
1.7%
Capex Intensity
SMPL
SMPL
USPH
USPH
Q4 25
0.6%
1.9%
Q3 25
2.2%
Q2 25
0.6%
1.6%
Q1 25
1.4%
Q4 24
0.1%
1.4%
Q3 24
1.0%
1.5%
Q2 24
0.2%
1.4%
Q1 24
0.1%
1.2%
Cash Conversion
SMPL
SMPL
USPH
USPH
Q4 25
1.98×
6.00×
Q3 25
1.52×
Q2 25
2.46×
2.81×
Q1 25
-0.47×
Q4 24
0.84×
2.10×
Q3 24
1.67×
3.34×
Q2 24
1.76×
3.86×
Q1 24
1.40×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMPL
SMPL

Quest$211.4M62%
Atkins Domain$79.7M23%
OWYN$28.1M8%
Other$20.9M6%

USPH
USPH

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

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