Agilon Health, Inc. (AGL) vs U.S. Physical Therapy, Inc. (USPH)

Agilon Health, Inc. and U.S. Physical Therapy, Inc. are both Medical Care Facilities companies. Agilon Health, Inc. and U.S. Physical Therapy, Inc. are of similar size ($1.3B and $1.3B). Agilon Health, Inc. has negative trailing earnings, so its P/E is not meaningful; U.S. Physical Therapy, Inc. trades at 499×. U.S. Physical Therapy, Inc. grew revenue faster over the last twelve months: 11.3% against 0.32%. U.S. Physical Therapy, Inc. has the higher net margin (2.54% vs −3.92%) and the higher return on invested capital (7.48% vs −34,218.2%). Across the 19 metrics below, U.S. Physical Therapy, Inc. leads on 14 and Agilon Health, Inc. on 5.

Valuation

Metric AGL USPH Medical Care Facilities median
P/E n/m 499.06 19.16
P/S 0.23 1.57 0.90
P/B 5.93 2.85 2.91
Price to free cash flow n/m 19.95 12.62
EV/EBITDA n/m 14.79 10.06
EV/Sales 0.19 1.81 1.35
Earnings yield (17.63%) 0.20% 2.30%
Free cash flow yield (7.86%) 5.01% 4.14%

Profitability

Metric AGL USPH Medical Care Facilities median
Gross margin 0.23% 18.68% 30.78%
Operating margin (5.23%) 9.42% 5.74%
Net margin (3.92%) 2.54% 2.32%
Free cash flow margin (1.79%) 7.89% 5.46%
Return on equity (72.97%) 4.34% 8.76%
Return on assets (14.06%) 1.70% 2.18%
Return on invested capital (34,218.16%) 7.48% 5.40%

Growth

Metric AGL USPH Medical Care Facilities median
Revenue growth (TTM) 0.32% 11.32% 7.12%
EPS growth (last fiscal year) (50.79%) (22.83%) —
Revenue growth, 5-year CAGR 31.28% 13.05% 9.58%
Net income growth, 5-year CAGR 0.00% 2.38% 0.00%

Health

Metric AGL USPH Medical Care Facilities median
Debt to equity 0.13 0.48 0.30
Current ratio 1.08 1.27 1.22
Net debt to EBITDA 0.58 1.07 1.32

Dividend

Metric AGL USPH Medical Care Facilities median
Dividend yield — 1.83% 0.85%
Payout ratio 0.00 0.88 0.00

Size

Metric AGL USPH Medical Care Facilities median
Market cap 1.27b 1.25b 1.34b

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