P3 Health Partners (PIII) Gross Margin (2021 - 2025)
P3 Health Partners posted quarterly Gross Margin of 99.91% for Q4 2025, up 42035.0% year-on-year from N/an in Q4 2024, and little changed on a QoQ basis from 99.93% in Q3 2025.
P3 Health Partners (PIII) has 5 years of Gross Margin data on file, last reported at 99.91% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 42035.0% year-over-year to 99.91%; the trailing twelve-month figure through Dec 2025 stood at 50.38% (up 7862.0% YoY), and the FY2025 full-year result was 99.94%, up 10386.0% from the prior year.
- Gross Margin for Q4 2025 stood at 99.91%, roughly flat from 99.93% in the prior quarter.
- Across five years, Gross Margin topped out at 258.96% in Q4 2021 and bottomed at 320.44% in Q4 2024.
- The 5-year median for Gross Margin is 3.43% (2023), against an average of 15.53%.
- The widest annual swing landed in 2024, when Gross Margin tumbled 31444 bps; it then soared 42035 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 258.96% in 2021, then tumbled by 219 bps to 308.13% in 2022, then soared by 98 bps to 6.0% in 2023, then sank by 5239 bps to 320.44% in 2024, then surged by 131 bps to 99.91% in 2025.
- The last three Gross Margin figures came in at 99.91% (Q4 2025), 99.93% (Q3 2025), and 1.25% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | P3 Health Partners | 102.31 Mn | 91.51 Mn | 384.48 Mn | 99.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 99.91% |
| Sep 30, 2025 | 99.93% |
| Jun 30, 2025 | 1.25% |
| Mar 31, 2025 | 0.32% |
| Dec 31, 2024 | -320.44% |
| Sep 30, 2024 | 99.96% |
| Jun 30, 2024 | 3.69% |
| Mar 31, 2024 | 99.92% |
| Dec 31, 2023 | -6.00% |
| Sep 30, 2023 | 3.17% |
| Jun 30, 2023 | 99.74% |
| Mar 31, 2023 | 5.46% |
| Dec 31, 2022 | -308.13% |
| Sep 30, 2022 | -2.63% |
| Jun 30, 2022 | 0.74% |
| Mar 31, 2022 | 99.68% |
| Dec 2, 2021 | 258.96% |
| Sep 30, 2021 | -3.29% |
| Jun 30, 2021 | -4.01% |
| Mar 31, 2021 | 82.34% |