Growth Metrics

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

P3 Health Partners posted quarterly Debt Ratio of 0.42 for Q4 2025, up 77.22% year-on-year from 0.23 in Q4 2024, and up 32.82% on a QoQ basis from 0.31 in Q3 2025.

P3 Health Partners (PIII) has 5 years of Debt Ratio data on file, last reported 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.
  • Across five years, Debt Ratio topped out at 0.42 in Q4 2025 and bottomed at 0.03 in Q1 2022.
  • The 4-year median for Debt Ratio is 0.13 (2023), against an average of 0.16.
  • The widest annual swing landed in 2023, when Debt Ratio jumped 256.53%; it then retreated 6.71% in 2025.
  • A 4-year view of Debt Ratio shows it stood at 0.11 in 2022, then rose by 16.8% to 0.13 in 2023, then soared by 86.75% to 0.23 in 2024, then surged 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 84.64 Bn 87.02 Bn 16.26 Bn 0.78
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 0.42
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 0.61
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 0.35
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 0.03
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 0.30
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 0.24
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 0.06
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 0.01
10 P3 Health Partners 102.31 Mn 91.51 Mn 384.48 Mn 0.42

Historic Data

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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