Astrana Health, Inc. (ASTH) vs U.S. Physical Therapy, Inc. (USPH)

Astrana Health, Inc. and U.S. Physical Therapy, Inc. are both Medical Care Facilities companies. Astrana Health, Inc. is the larger, with a market value of $1.7B against $1.3B — 1.4× the size. Astrana Health, Inc. trades at the lower P/E: 43.6× against 499×. Astrana Health, Inc. grew revenue faster over the last twelve months: 58.9% against 11.3%. U.S. Physical Therapy, Inc. has the higher net margin (2.54% vs 1.05%) and the higher return on invested capital (7.48% vs 4.56%). Both pay a dividend; U.S. Physical Therapy, Inc. yields more (1.83% vs 0.22%). Across the 23 metrics below, Astrana Health, Inc. leads on 12 and U.S. Physical Therapy, Inc. on 11.

Valuation

Metric ASTH USPH Medical Care Facilities median
P/E 43.64 499.06 19.16
P/S 0.46 1.57 0.90
P/B 2.12 2.85 2.91
Price to free cash flow 18.85 19.95 12.62
EV/EBITDA 13.77 14.79 10.06
EV/Sales 0.60 1.81 1.35
Earnings yield 2.29% 0.20% 2.30%
Free cash flow yield 5.31% 5.01% 4.14%

Profitability

Metric ASTH USPH Medical Care Facilities median
Gross margin 10.46% 18.68% 30.78%
Operating margin 2.61% 9.42% 5.74%
Net margin 1.05% 2.54% 2.32%
Free cash flow margin 2.46% 7.89% 5.46%
Return on equity 5.03% 4.34% 8.76%
Return on assets 2.18% 1.70% 2.18%
Return on invested capital 4.56% 7.48% 5.40%

Growth

Metric ASTH USPH Medical Care Facilities median
Revenue growth (TTM) 58.91% 11.32% 7.12%
EPS growth (last fiscal year) (48.89%) (22.83%) —
Revenue growth, 5-year CAGR 35.87% 13.05% 9.58%
Net income growth, 5-year CAGR (9.81%) 2.38% 0.00%

Health

Metric ASTH USPH Medical Care Facilities median
Debt to equity 1.11 0.48 0.30
Current ratio 1.23 1.27 1.22
Net debt to EBITDA 4.75 1.07 1.32

Dividend

Metric ASTH USPH Medical Care Facilities median
Dividend yield 0.22% 1.83% 0.85%
Payout ratio 0.00 0.88 0.00

Size

Metric ASTH USPH Medical Care Facilities median
Market cap 1.71b 1.25b 1.34b

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