Growth Metrics

P3 Health Partners (PIII) EBT (2021 - 2025)

P3 Health Partners posted quarterly EBT of -$166.8 million for Q4 2025, down 34.27% year-on-year from -$253.7 million in Q4 2024, and down 140.11% on a QoQ basis from -$69.4 million in Q3 2025.

P3 Health Partners (PIII) has 5 years of EBT data on file, last reported at -$166.8 million in Q4 2025.

  • For the quarter ending Q4 2025, EBT fell 34.27% year-over-year to -$166.8 million; the trailing twelve-month figure through Dec 2025 stood at -$321.1 million (down 4.92% YoY), and the FY2025 full-year result was -$321.1 million, down 4.92% from the prior year.
  • EBT for Q4 2025 stood at -$166.8 million, down from -$69.4 million in the prior quarter.
  • Across five years, EBT topped out at $564.4 million in Q4 2021 and bottomed at -$903.1 million in Q2 2022.
  • The 5-year median for EBT is -$49.8 million (2023), against an average of -$94.6 million.
  • The widest annual swing landed in 2022, when EBT sank 2965.07%; it then jumped 96.97% in 2023.
  • A 5-year view of EBT shows it stood at $564.4 million in 2021, then sank by 193.99% to -$530.5 million in 2022, then surged by 87.31% to -$67.3 million in 2023, then sank by 84.43% to -$124.2 million in 2024, then slumped by 34.27% to -$166.8 million in 2025.
  • The last three EBT figures came in at -$166.8 million (Q4 2025), -$69.4 million (Q3 2025), and -$41.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 2.29 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 1.13 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 341.23 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 288.70 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 128.57 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 469.12 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 592.50 Mn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 88.84 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 113.74 Mn
10 P3 Health Partners 102.31 Mn 91.51 Mn 384.48 Mn -166.75 Mn

Historic Data

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DateValue
Dec 31, 2025 -166.75 Mn
Sep 30, 2025 -69.45 Mn
Jun 30, 2025 -41.68 Mn
Mar 31, 2025 -43.17 Mn
Dec 31, 2024 -124.20 Mn
Sep 30, 2024 -106.46 Mn
Jun 30, 2024 -27.81 Mn
Mar 31, 2024 -47.53 Mn
Dec 31, 2023 -67.34 Mn
Sep 30, 2023 -36.88 Mn
Jun 30, 2023 -27.36 Mn
Mar 31, 2023 -52.16 Mn
Dec 31, 2022 -530.47 Mn
Sep 30, 2022 -65.33 Mn
Jun 30, 2022 -903.11 Mn
Mar 31, 2022 -60.79 Mn
Dec 2, 2021 564.38 Mn
Sep 30, 2021 -32.05 Mn
Jun 30, 2021 -29.46 Mn
Mar 31, 2021 -24.65 Mn