P3 Health Partners (PIII) Debt Ratio (2020 - 2026)
P3 Health Partners' (PIII) quarterly Debt Ratio came in at 0.42 in Q4 2025, up 77.22% YoY from 0.23 in Q4 2024, and up 12.59% on a QoQ basis from 0.37 in Q3 2025.
Analysis
P3 Health Partners (PIII) Debt Ratio (2020 - 2026) Analysis & Trends
P3 Health Partners (PIII) has 5 years of Debt Ratio data on file, last reported at 0.42 in Q4 2025.
- Quarterly Debt Ratio rose 77.22% year-over-year to 0.42 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.42 (up 77.22% YoY) and the FY2025 annual result came in at 0.42, up 77.22% from the prior year.
- Debt Ratio rose to 0.42 in Q4 2025, from 0.37 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.42 in Q4 2025 to a low of 0.03 in Q1 2022.
- A 4-year average of 0.17 and a median of 0.13 in 2023 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2023 — Debt Ratio jumped 267.09% — and 2024, when it rose 12.06%.
- Tracing PIII's Debt Ratio over 4 years: 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), 0.37 (Q3 2025), and 0.36 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 0.82 |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 0.43 |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 0.35 |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 0.61 |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 0.36 |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 0.02 |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 0.09 |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 0.04 |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 0.52 |
| 10 | P3 Health Partners | 31.00 Mn | 8.78 Mn | 86.00 Mn | 0.22 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.22 |
| Dec 31, 2025 | 0.48 |
| Sep 30, 2025 | 0.43 |
| Jun 30, 2025 | 0.36 |
| Mar 31, 2025 | 0.30 |
| 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 |