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Side-by-side financial comparison of STRATASYS LTD. (SSYS) 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 $137.0M, roughly 1.5× STRATASYS LTD.). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs -40.6%, a 42.7% gap on every dollar of revenue. On growth, U S PHYSICAL THERAPY INC posted the faster year-over-year revenue change (12.3% vs -2.2%). U S PHYSICAL THERAPY INC produced more free cash flow last quarter ($21.0M vs $2.5M). Over the past eight quarters, U S PHYSICAL THERAPY INC's revenue compounded faster (14.1% CAGR vs -7.4%).

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

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.

SSYS vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.5× larger
USPH
$202.7M
$137.0M
SSYS
Growing faster (revenue YoY)
USPH
USPH
+14.5% gap
USPH
12.3%
-2.2%
SSYS
Higher net margin
USPH
USPH
42.7% more per $
USPH
2.0%
-40.6%
SSYS
More free cash flow
USPH
USPH
$18.6M more FCF
USPH
$21.0M
$2.5M
SSYS
Faster 2-yr revenue CAGR
USPH
USPH
Annualised
USPH
14.1%
-7.4%
SSYS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SSYS
SSYS
USPH
USPH
Revenue
$137.0M
$202.7M
Net Profit
$-55.6M
$4.2M
Gross Margin
41.0%
19.8%
Operating Margin
-16.6%
8.3%
Net Margin
-40.6%
2.0%
Revenue YoY
-2.2%
12.3%
Net Profit YoY
-109.0%
-55.1%
EPS (diluted)
$-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
SSYS
SSYS
USPH
USPH
Q4 25
$202.7M
Q3 25
$137.0M
$197.1M
Q2 25
$138.1M
$197.3M
Q1 25
$136.0M
$183.8M
Q4 24
$180.4M
Q3 24
$140.0M
$168.0M
Q2 24
$138.0M
$167.2M
Q1 24
$144.1M
$155.7M
Net Profit
SSYS
SSYS
USPH
USPH
Q4 25
$4.2M
Q3 25
$-55.6M
$13.1M
Q2 25
$-16.7M
$12.4M
Q1 25
$-13.1M
$9.9M
Q4 24
$9.2M
Q3 24
$-26.6M
$6.6M
Q2 24
$-25.7M
$7.5M
Q1 24
$-26.0M
$8.0M
Gross Margin
SSYS
SSYS
USPH
USPH
Q4 25
19.8%
Q3 25
41.0%
18.7%
Q2 25
43.1%
21.1%
Q1 25
44.3%
16.9%
Q4 24
18.0%
Q3 24
44.8%
17.3%
Q2 24
43.8%
20.3%
Q1 24
44.4%
18.2%
Operating Margin
SSYS
SSYS
USPH
USPH
Q4 25
8.3%
Q3 25
-16.6%
12.8%
Q2 25
-12.0%
12.6%
Q1 25
-9.1%
10.7%
Q4 24
10.9%
Q3 24
-18.2%
7.6%
Q2 24
-18.9%
9.3%
Q1 24
-17.0%
9.6%
Net Margin
SSYS
SSYS
USPH
USPH
Q4 25
2.0%
Q3 25
-40.6%
6.7%
Q2 25
-12.1%
6.3%
Q1 25
-9.6%
5.4%
Q4 24
5.1%
Q3 24
-19.0%
3.9%
Q2 24
-18.6%
4.5%
Q1 24
-18.0%
5.2%
EPS (diluted)
SSYS
SSYS
USPH
USPH
Q4 25
$-0.44
Q3 25
$0.48
Q2 25
$0.58
Q1 25
$0.80
Q4 24
$0.52
Q3 24
$0.39
Q2 24
$0.47
Q1 24
$0.46

Balance Sheet & Financial Strength

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

Metric
SSYS
SSYS
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$71.5M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$852.5M
$476.4M
Total Assets
$1.1B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSYS
SSYS
USPH
USPH
Q4 25
$35.6M
Q3 25
$71.5M
$31.1M
Q2 25
$71.1M
$34.1M
Q1 25
$70.1M
$39.2M
Q4 24
$41.4M
Q3 24
$64.0M
$117.0M
Q2 24
$70.9M
$112.9M
Q1 24
$91.1M
$132.3M
Stockholders' Equity
SSYS
SSYS
USPH
USPH
Q4 25
$476.4M
Q3 25
$852.5M
$503.6M
Q2 25
$902.4M
$500.8M
Q1 25
$784.8M
$497.3M
Q4 24
$488.9M
Q3 24
$831.8M
$482.8M
Q2 24
$850.5M
$484.6M
Q1 24
$866.1M
$479.8M
Total Assets
SSYS
SSYS
USPH
USPH
Q4 25
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$1.1B
$1.2B
Q1 25
$1.0B
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
$1.0B
Q2 24
$1.1B
$1.0B
Q1 24
$1.1B
$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
SSYS
SSYS
USPH
USPH
Operating Cash FlowLast quarter
$6.9M
$24.9M
Free Cash FlowOCF − Capex
$2.5M
$21.0M
FCF MarginFCF / Revenue
1.8%
10.4%
Capex IntensityCapex / Revenue
3.2%
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$-11.5M
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SSYS
SSYS
USPH
USPH
Q4 25
$24.9M
Q3 25
$6.9M
$19.9M
Q2 25
$-1.1M
$34.9M
Q1 25
$4.5M
$-4.7M
Q4 24
$19.4M
Q3 24
$-4.5M
$22.1M
Q2 24
$-2.4M
$29.0M
Q1 24
$7.3M
$4.4M
Free Cash Flow
SSYS
SSYS
USPH
USPH
Q4 25
$21.0M
Q3 25
$2.5M
$15.6M
Q2 25
$-8.4M
$31.6M
Q1 25
$789.0K
$-7.3M
Q4 24
$16.9M
Q3 24
$-6.3M
$19.6M
Q2 24
$-4.9M
$26.7M
Q1 24
$5.0M
$2.6M
FCF Margin
SSYS
SSYS
USPH
USPH
Q4 25
10.4%
Q3 25
1.8%
7.9%
Q2 25
-6.1%
16.0%
Q1 25
0.6%
-3.9%
Q4 24
9.4%
Q3 24
-4.5%
11.7%
Q2 24
-3.6%
15.9%
Q1 24
3.5%
1.7%
Capex Intensity
SSYS
SSYS
USPH
USPH
Q4 25
1.9%
Q3 25
3.2%
2.2%
Q2 25
5.3%
1.6%
Q1 25
2.8%
1.4%
Q4 24
1.4%
Q3 24
1.3%
1.5%
Q2 24
1.8%
1.4%
Q1 24
1.6%
1.2%
Cash Conversion
SSYS
SSYS
USPH
USPH
Q4 25
6.00×
Q3 25
1.52×
Q2 25
2.81×
Q1 25
-0.47×
Q4 24
2.10×
Q3 24
3.34×
Q2 24
3.86×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SSYS
SSYS

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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