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Side-by-side financial comparison of UP Fintech Holding Ltd (TIGR) 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 $107.6M, roughly 1.9× UP Fintech Holding Ltd). UP Fintech Holding Ltd runs the higher net margin — 28.4% vs 2.0%, a 26.4% gap on every dollar of revenue.

UP Fintech Holding Limited, operating under the Tiger Brokers brand, provides online financial services for global Chinese investors. It offers cross-market stock trading (US, Hong Kong, mainland China A-shares), fund management, margin financing and investor education for retail and institutional clients.

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.

TIGR vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
1.9× larger
USPH
$202.7M
$107.6M
TIGR
Higher net margin
TIGR
TIGR
26.4% more per $
TIGR
28.4%
2.0%
USPH

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
TIGR
TIGR
USPH
USPH
Revenue
$107.6M
$202.7M
Net Profit
$30.6M
$4.2M
Gross Margin
19.8%
Operating Margin
8.3%
Net Margin
28.4%
2.0%
Revenue YoY
12.3%
Net Profit YoY
-55.1%
EPS (diluted)
$0.01
$-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
TIGR
TIGR
USPH
USPH
Q4 25
$202.7M
Q3 25
$197.1M
Q2 25
$197.3M
Q1 25
$107.6M
$183.8M
Q4 24
$180.4M
Q3 24
$168.0M
Q2 24
$166.4M
$167.2M
Q1 24
$155.7M
Net Profit
TIGR
TIGR
USPH
USPH
Q4 25
$4.2M
Q3 25
$13.1M
Q2 25
$12.4M
Q1 25
$30.6M
$9.9M
Q4 24
$9.2M
Q3 24
$6.6M
Q2 24
$15.2M
$7.5M
Q1 24
$8.0M
Gross Margin
TIGR
TIGR
USPH
USPH
Q4 25
19.8%
Q3 25
18.7%
Q2 25
21.1%
Q1 25
16.9%
Q4 24
18.0%
Q3 24
17.3%
Q2 24
20.3%
Q1 24
18.2%
Operating Margin
TIGR
TIGR
USPH
USPH
Q4 25
8.3%
Q3 25
12.8%
Q2 25
12.6%
Q1 25
10.7%
Q4 24
10.9%
Q3 24
7.6%
Q2 24
14.0%
9.3%
Q1 24
9.6%
Net Margin
TIGR
TIGR
USPH
USPH
Q4 25
2.0%
Q3 25
6.7%
Q2 25
6.3%
Q1 25
28.4%
5.4%
Q4 24
5.1%
Q3 24
3.9%
Q2 24
9.1%
4.5%
Q1 24
5.2%
EPS (diluted)
TIGR
TIGR
USPH
USPH
Q4 25
$-0.44
Q3 25
$0.48
Q2 25
$0.58
Q1 25
$0.01
$0.80
Q4 24
$0.52
Q3 24
$0.39
Q2 24
$0.01
$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
TIGR
TIGR
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$476.4M
Total Assets
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TIGR
TIGR
USPH
USPH
Q4 25
$35.6M
Q3 25
$31.1M
Q2 25
$34.1M
Q1 25
$39.2M
Q4 24
$41.4M
Q3 24
$117.0M
Q2 24
$392.5M
$112.9M
Q1 24
$132.3M
Stockholders' Equity
TIGR
TIGR
USPH
USPH
Q4 25
$476.4M
Q3 25
$503.6M
Q2 25
$500.8M
Q1 25
$497.3M
Q4 24
$488.9M
Q3 24
$482.8M
Q2 24
$501.2M
$484.6M
Q1 24
$479.8M
Total Assets
TIGR
TIGR
USPH
USPH
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.0B
Q2 24
$4.8B
$1.0B
Q1 24
$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
TIGR
TIGR
USPH
USPH
Operating Cash FlowLast quarter
$24.9M
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TIGR
TIGR
USPH
USPH
Q4 25
$24.9M
Q3 25
$19.9M
Q2 25
$34.9M
Q1 25
$-4.7M
Q4 24
$19.4M
Q3 24
$22.1M
Q2 24
$155.1M
$29.0M
Q1 24
$4.4M
Free Cash Flow
TIGR
TIGR
USPH
USPH
Q4 25
$21.0M
Q3 25
$15.6M
Q2 25
$31.6M
Q1 25
$-7.3M
Q4 24
$16.9M
Q3 24
$19.6M
Q2 24
$153.8M
$26.7M
Q1 24
$2.6M
FCF Margin
TIGR
TIGR
USPH
USPH
Q4 25
10.4%
Q3 25
7.9%
Q2 25
16.0%
Q1 25
-3.9%
Q4 24
9.4%
Q3 24
11.7%
Q2 24
92.4%
15.9%
Q1 24
1.7%
Capex Intensity
TIGR
TIGR
USPH
USPH
Q4 25
1.9%
Q3 25
2.2%
Q2 25
1.6%
Q1 25
1.4%
Q4 24
1.4%
Q3 24
1.5%
Q2 24
0.8%
1.4%
Q1 24
1.2%
Cash Conversion
TIGR
TIGR
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
10.20×
3.86×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TIGR
TIGR

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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