P3 Health Partners (PIII) Free Cash Flow (2021 - 2025)
P3 Health Partners' (PIII) quarterly Free Cash Flow came in at -$25.5 million in Q4 2025, up 55.4% YoY from -$16.4 million in Q4 2024, and down 2292.6% on a QoQ basis from -$1.1 million in Q3 2025.
Analysis
P3 Health Partners (PIII) Free Cash Flow (2021 - 2025) Analysis & Trends
P3 Health Partners (PIII) has 5 years of Free Cash Flow data on file, last reported at -$25.5 million in Q4 2025.
- Quarterly Free Cash Flow rose 55.4% year-over-year to -$25.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$91.2 million (up 17.22% YoY) and the FY2025 annual result came in at -$91.2 million, up 17.22% from the prior year.
- Free Cash Flow eased to -$25.5 million in Q4 2025, from -$1.1 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$1.1 million in Q3 2025 to a low of -$57.2 million in Q4 2024.
- A 5-year average of -$23.6 million and a median of -$22.2 million in 2021 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow slumped 247.07% — and 2025, when it soared 95.3%.
- Tracing PIII's Free Cash Flow over 5 years: stood at -$6.8 million in 2021, then tumbled by 368.27% to -$31.9 million in 2022, then soared by 48.23% to -$16.5 million in 2023, then tumbled by 247.07% to -$57.2 million in 2024, then jumped by 55.4% to -$25.5 million in 2025.
- The last three Free Cash Flow figures came in at -$25.5 million (Q4 2025), -$1.1 million (Q3 2025), and -$16.8 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 1.10 Bn |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 417.00 Mn |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 62.30 Mn |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 320.25 Mn |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 215.67 Mn |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 119.13 Mn |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 69.29 Mn |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 31.23 Mn |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 119.55 Mn |
| 10 | P3 Health Partners | 31.00 Mn | 8.78 Mn | 86.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -16.98 Mn |
| Sep 30, 2025 | -13.22 Mn |
| Jun 30, 2025 | -16.75 Mn |
| Mar 31, 2025 | -47.81 Mn |
| Dec 31, 2024 | -57.28 Mn |
| Sep 30, 2024 | -22.68 Mn |
| Jun 30, 2024 | -10.17 Mn |
| Mar 31, 2024 | -20.05 Mn |
| Dec 31, 2023 | -15.67 Mn |
| Sep 30, 2023 | -7.97 Mn |
| Jun 30, 2023 | -29.13 Mn |
| Mar 31, 2023 | -25.09 Mn |
| Dec 31, 2022 | -31.90 Mn |
| Sep 30, 2022 | -21.86 Mn |
| Jun 30, 2022 | -45.84 Mn |
| Mar 31, 2022 | -28.65 Mn |
| Sep 30, 2021 | -6.80 Mn |
| Jun 30, 2021 | -22.24 Mn |
| Mar 31, 2021 | -13.78 Mn |