P3 Health Partners (PIII) Debt to Equity (2020 - 2025)

P3 Health Partners (PIII) reported Debt to Equity of -$1.76 for Q4 2025, down 172.68% on a YoY basis from $2.42 in Q4 2024, and up 84.64% quarter-over-quarter from -$11.47 in Q3 2025.

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

P3 Health Partners has reported Debt to Equity for 5 years, with the latest figure at -$1.76 in Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 172.68% year-over-year to -$1.76; the trailing twelve-month figure through Dec 2025 stood at -$1.76 (down 172.68% YoY), and the FY2025 full-year result was -$1.76, down 172.68% from the prior year.
  • Debt to Equity for Q4 2025 stood at -$1.76, up from -$11.47 in the prior quarter.
  • The five-year high for Debt to Equity was $16.13 in Q4 2022, with the low at -$40.27 in Q1 2023.
  • Historically, Debt to Equity has averaged -$1.54 across 4 years, with a median of $0.78 in 2023.
  • Annual changes were most pronounced in 2023 — Debt to Equity sank 12952.99% — and 2025, when it soared 231.71%.
  • P3 Health Partners' Debt to Equity stood at $16.13 in 2022, then sank by 95.27% to $0.76 in 2023, then surged by 218.05% to $2.42 in 2024, then sank by 172.68% to -$1.76 in 2025.
  • The last three Debt to Equity figures came in at -$1.76 (Q4 2025), -$11.47 (Q3 2025), and $2.3 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn -16.13
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 2.74
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn -22.31
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 0.78
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 0.06
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 0.63
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 0.51
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 0.11
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 0.05
10 P3 Health Partners 35.57 Mn 24.77 Mn 384.48 Mn -1.76

Historic Data

Download Data
DateValue
Dec 31, 2025 -1.76
Sep 30, 2025 -11.47
Jun 30, 2025 2.30
Mar 31, 2025 2.71
Dec 31, 2024 2.42
Sep 30, 2024 1.11
Jun 30, 2024 0.80
Mar 31, 2024 0.82
Dec 31, 2023 0.76
Sep 30, 2023 0.58
Jun 30, 2023 -0.79
Mar 31, 2023 -40.27
Dec 31, 2022 16.13
Sep 30, 2022 1.02
Jun 30, 2022 0.75
Mar 31, 2022 0.31
Dec 31, 2020 -0.35