P3 Health Partners (PIII) Debt Ratio (2020 - 2025)

P3 Health Partners (PIII) reported Debt Ratio of 0.42 for Q4 2025, up 77.22% on a YoY basis from 0.23 in Q4 2024, and up 32.82% quarter-over-quarter from 0.31 in Q3 2025.

P3 Health Partners (PIII) Debt Ratio (2020 - 2025) Analysis & Trends

P3 Health Partners has reported Debt Ratio for 5 years, with the latest figure at 0.42 in Q4 2025.

  • For the quarter ending Q4 2025, Debt Ratio rose 77.22% year-over-year to 0.42; the trailing twelve-month figure through Dec 2025 stood at 0.42 (up 77.22% YoY), and the FY2025 full-year result was 0.42, up 77.22% from the prior year.
  • Debt Ratio for Q4 2025 stood at 0.42, up from 0.31 in the prior quarter.
  • The five-year high for Debt Ratio was 0.42 in Q4 2025, with the low at 0.03 in Q1 2022.
  • Historically, Debt Ratio has averaged 0.16 across 4 years, with a median of 0.13 in 2023.
  • Annual changes were most pronounced in 2023 — Debt Ratio jumped 256.53% — and 2025, when it retreated 6.71%.
  • P3 Health Partners' Debt Ratio stood at 0.11 in 2022, then increased by 16.8% to 0.13 in 2023, then surged by 86.75% to 0.23 in 2024, then jumped by 77.22% to 0.42 in 2025.
  • The last three Debt Ratio figures came in at 0.42 (Q4 2025), 0.31 (Q3 2025), and 0.14 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 HCA Healthcare 84.51 Bn 86.89 Bn 16.26 Bn 0.78
2 Tenet Healthcare 15.06 Bn 14.23 Bn 4.41 Bn 0.42
3 Davita 13.75 Bn 14.61 Bn 1.07 Bn 0.61
4 Encompass Health 10.16 Bn 10.79 Bn 1.34 Bn 0.35
5 Universal Health Services 8.91 Bn 8.86 Bn 3.21 Bn 0.30
6 Ensign 8.53 Bn 7.94 Bn 293.37 Mn 0.03
7 Fresenius Medical Care AG 7.31 Bn 4.92 Bn -4.26 Bn 0.24
8 Chemed 5.76 Bn 5.74 Bn 215.76 Mn 0.06
9 Pacs 5.46 Bn 5.22 Bn 345.96 Mn 0.01
10 P3 Health Partners 44.26 Mn 33.46 Mn 384.48 Mn 0.42

Historic Data

Download Data
DateValue
Dec 31, 2025 0.42
Sep 30, 2025 0.31
Jun 30, 2025 0.14
Mar 31, 2025 0.22
Dec 31, 2024 0.23
Sep 30, 2024 0.16
Jun 30, 2024 0.15
Mar 31, 2024 0.14
Dec 31, 2023 0.13
Sep 30, 2023 0.12
Jun 30, 2023 0.12
Mar 31, 2023 0.12
Dec 31, 2022 0.11
Sep 30, 2022 0.06
Jun 30, 2022 0.06
Mar 31, 2022 0.03
Dec 31, 2020 0.43