Revenue
Annual revenue, clinic size, and therapist productivity benchmarks.
- Revenue Benchmarks
- Revenue By Clinic Size
- Revenue Per Therapist
- Revenue Per Treatment Room
Industry data hub · 2025–2026 · 180+ physical therapy clinics
Physical Therapy Clinic Economics & Benchmarks
Explore physical therapy clinic revenue, profit margins, owner compensation, practice valuations, patient economics, and operational benchmarks.
Annual Revenue$850Kmedian clinic revenueView Benchmarks →EBITDA Margin18–28%healthy rangeView Benchmarks →Owner Compensation$165Kmedian total compView Benchmarks →Practice Value3.2× SDEmedian multipleView Benchmarks →Revenue Per Therapist$420Kmedian per PTView Benchmarks →Revenue Per Visit$115median per visitView Benchmarks →
Industry Intelligence
Physical Therapy Clinic Industry Scorecard
Overall
Solid
- Profitability
- Scalability
- Startup Difficulty
- Recurring Revenue
- Recession Resistance
Physical Therapy Clinic At A Glance
| Metric | Benchmark |
|---|---|
| Annual Revenue | $500K – $1.5M |
| EBITDA Margin | 18 – 28% |
| Owner Compensation | $100K – $220K |
| Revenue Per Therapist | $350K – $550K |
| Revenue Per Visit | $90 – $140 |
| Practice Value | 2.5× – 4.0× SDE |
180+ physical therapy clinics · U.S. data · Methodology
Benchmark Your Clinic
Compare your physical therapy clinic against industry quartiles.
Your overall rating
Average- RevenueAverage
- EBITDA MarginAverage
- Active PatientsAverage
- TherapistsAverage
Source: BizMetricsHQ 180+ physical therapy clinics (2025–2026). Methodology
Explore Physical Therapy Economics
Drill into revenue, profitability, owner compensation, startup costs, valuation, and patient economics.
Profitability
EBITDA margin, net profit, expense ratios, and industry benchmarks.
- EBITDA Margins
- Net Profit
- Expense Ratios
- Industry Benchmarks
Owner Compensation
Owner income, partner pay, associate PT salary, and clinic director benchmarks.
- Owner Income
- Partner Compensation
- Associate PT Salary
- Clinic Director Compensation
Startup Costs
Leasehold improvements, equipment, software, and working capital.
- Leasehold Improvements
- Equipment
- Software
- Working Capital
Practice Valuation
Revenue multiples, EBITDA multiples, and practice worth.
- Revenue Multiples
- EBITDA Multiples
- Practice Worth
Patient Economics
Revenue per patient, visits per patient, lifetime value, and referral economics.
- Revenue Per Patient
- Visits Per Patient
- Lifetime Value
- Referral Economics
Physical Therapy Calculators
Run the numbers on clinic value, patient revenue, EBITDA, break-even, therapist productivity, and startup investment.
PT Clinic Valuation Calculator
Estimate clinic value
Open calculatorRevenue Per Patient Calculator
Calculate patient value
Open calculatorEBITDA Calculator
Calculate profitability
Open calculatorBreak-Even Calculator
Estimate required visits
Open calculatorRevenue Per Therapist Calculator
Measure therapist productivity
Open calculatorStartup Cost Calculator
Estimate investment
Open calculator
Physical Therapy Practice Types
Economics and benchmarks by clinic model — general, sports, orthopedic, pediatric, home health, and multi-location.
- General PT ClinicComing soon
- Sports Physical TherapyComing soon
- Orthopedic Physical TherapyComing soon
- Pediatric Physical TherapyComing soon
- Home Health Physical TherapyComing soon
- Multi-Location PT PracticeComing soon
Revenue Benchmark Center
Annual revenue benchmarks by clinic type, therapist count, and location.
Revenue By Clinic Type
Revenue By Therapist Count
Revenue By Location
Distribution: Bottom quartile $620K · Median $850K · Top quartile $1.2M.
Patient Economics Dashboard
The patient funnel from referral through evaluation, treatment plan, visits, and collections.
Patient Funnel
Referral
Evaluation
Treatment Plan
Visits
Collections
| Metric | Benchmark |
|---|---|
| Revenue Per Patient | $900 – $2,400 |
| Visits Per Patient | 8 – 14 per episode |
| Revenue Per Visit | $90 – $140 |
| Patient Lifetime Value | $1,200 – $3,500 |
Referral Source Economics
How referral channels drive patient volume, treatment visits, and revenue per case.
Referral Funnel
Physician Referral
Patient
Treatment Visits
Revenue
| Referral Source | Revenue Potential |
|---|---|
| Physician Referral | $1,100 – $1,800/patient |
| Self Referral | $800 – $1,400/patient |
| Sports Teams | $1,400 – $2,600/patient |
| Employer Programs | $1,200 – $2,200/patient |
Therapist Productivity Dashboard
How therapist capacity, patient visits, billable units, and revenue per visit drive clinic economics.
Therapist Productivity Funnel
Therapist
Patient Visits
Billable Units
Revenue
| Metric | Benchmark |
|---|---|
| Revenue Per Therapist | $350K – $550K/yr |
| Visits Per Day | 12 – 18 |
| Revenue Per Visit | $90 – $140 |
| Utilization Rate | 72 – 88% |
Visit Economics
The patient journey from initial evaluation through treatment visits, discharge, and outcomes.
Patient Journey
Initial Evaluation
Treatment Visits
Discharge
Outcome
| Metric | Benchmark |
|---|---|
| Average Visits Per Patient | 8 – 14 |
| Revenue Per Case | $900 – $1,800 |
| Completion Rate | 68 – 82% |
| Re-Referral Rate | 22 – 38% |
Cost Structure Dashboard
How revenue flows through clinical payroll, admin payroll, rent, marketing, and profit.
Expense Benchmarks
| Expense Category | % Revenue |
|---|---|
| Therapist Payroll | 28 – 36% |
| Front Desk | 8 – 12% |
| Rent | 7 – 11% |
| Marketing | 3 – 6% |
| Software | 2 – 4% |
Staffing Benchmarks
Compensation and revenue supported by key clinic roles.
Physical Therapist
Compensation
$75K – $110K
Revenue Supported
$350K – $550K
PT Assistant
Compensation
$38K – $55K
Revenue Supported
$120K – $200K
Front Desk
Compensation
$30K – $42K
Revenue Supported
Scheduling / intake
Clinic Director
Compensation
$55K – $85K
Revenue Supported
Operations oversight
| Role | Compensation | Revenue Supported |
|---|---|---|
| Physical Therapist | $75K – $110K | $350K – $550K |
| PT Assistant | $38K – $55K | $120K – $200K |
| Front Desk | $30K – $42K | Scheduling / intake |
| Clinic Director | $55K – $85K | Operations oversight |
Startup Cost Summary
Typical investment ranges for opening or acquiring a physical therapy clinic.
Leasehold Improvements
$80K – $200K
Equipment
$60K – $150K
Software
$25K – $55K
Working Capital
$50K – $100K
Total startup range: $215K – $505K · De novo buildout vs acquisition varies significantly.
Owner Economics
Owner compensation by clinic model — solo, multi-therapist, multi-location, and sports PT.
Solo PT Owner
Compensation Benchmark
$100K – $180K
Multi-Therapist Owner
Compensation Benchmark
$140K – $240K
Multi-Location Owner
Compensation Benchmark
$280K – $500K+
Sports PT Owner
Compensation Benchmark
$180K – $320K
Practice Valuation Center
Multiples and benchmarks used to value physical therapy clinics at sale or buy-in.
- Practice Worth
- EBITDA Multiples
- Revenue Multiples
- Exit Planning
Valuation Dashboard
Revenue Multiple
0.6× – 1.0×
EBITDA Multiple
3.0× – 5.0×
Practice Value (SDE)
2.5× – 4.0× SDE
Example: $850K revenue · $240K SDE → ~$770K value at 3.2× SDE
Growth Dashboard
How referrals, patients, visits, and revenue drive practice value growth.
Growth Funnel
Referrals
Patients
Visits
Revenue
Practice Value
New Patients
25 – 55/month
Visits Per Patient
8 – 14
Referral Growth
5 – 12%/yr
Revenue Growth
6 – 14%/yr
PT Clinic Comparisons
Side-by-side economics for major physical therapy business decisions.
Most Popular PT Benchmarks
High-traffic benchmarks for physical therapy clinic operators and buyers.
Industry Insights
Featured insights on the metrics that matter most for PT clinic owners.
Featured Report
How Much Revenue Does A Physical Therapy Clinic Generate?
Median $850K · range $500K–$1.5M
Featured Report
What Is A Good PT EBITDA Margin?
Healthy range 18–28% · median ~23%
Featured Report
How Much Do PT Clinic Owners Earn?
Median $165K · range $100K–$220K
Featured Report
What Is A PT Practice Worth?
2.5×–4.0× SDE · median 3.2×
Featured Report
How Many Visits Should A Therapist Handle?
12–18 visits/day · 72–88% utilization
Data Sources & Methodology
Transparent benchmarks aligned with Google E-E-A-T — sample size, sources, formulas, and limitations disclosed.
Frequently Asked Questions
How profitable are physical therapy clinics?
Well-run outpatient PT clinics achieve 18–28% EBITDA margins, with a median around 23%. Net profit after owner therapist compensation typically runs 12–20%. Clinical payroll (28–36% of revenue) and rent (7–11%) are the largest controllable costs.
How much revenue does a PT clinic generate?
Outpatient physical therapy clinics typically generate $500K–$1.5M annually, with a median around $850K. Solo practices run $400K–$650K; multi-therapist clinics push $950K–$1.5M+. Sports and orthopedic specialty clinics can exceed $1.2M.
How much do PT clinic owners earn?
Solo PT owners typically earn $100K–$180K in total compensation, with a median around $165K. Multi-therapist and multi-location owners can earn $140K–$500K+. Associate physical therapists earn $75K–$110K before partnership or buy-in.
What is a PT clinic worth?
Independent PT clinics sell for 2.5×–4.0× SDE, with a median of 3.2×. A clinic with $850K revenue and $240K SDE might be valued around $770K. Strong referral networks, diversified payer mix, and high therapist utilization command the high end.
What is a good EBITDA margin?
A healthy PT clinic EBITDA margin is 20–26%. Below 18% signals overhead bloat or low revenue per therapist. Top-quartile clinics hit 28%+ through efficient scheduling, strong referral relationships, and optimized therapist-to-support-staff ratios.
How many patients should a therapist see?
A productive outpatient PT typically handles 12–18 visits per day at 72–88% utilization. Clinics maintain 800–2,000 active patients with 2–6 full-time therapists. New patient flow of 25–55 per month supports growth.