P3 Health Partners (PIII) Gross Margin (2021 - 2026)
P3 Health Partners' Gross Margin came in at 22.26% for Q2 2026, up 21.01 percentage points from 1.25% a year earlier.
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Analysis
P3 Health Partners (PIII) Gross Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, P3 Health Partners reported Gross Margin of 1.68%, up 6.72 percentage points year-over-year; for FY2025, it was -4.12%, down 0.20 percentage points from FY2024.
- Gross Margin carries a five-year change of -5.46 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was -3.93% in FY2024 (-6.42 pp), 2.50% in FY2023 (+3.24 pp), -0.74% in FY2022 and -2.40% in FY2021.
- The Q2 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2021.
- Year-over-year, Gross Margin increased in two of the last seven quarters, with an average year-over-year change of +0.32 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2026 (a gain of 21.01 percentage points), and the weakest in Q3 2024 (a drop of 14.16 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 85.78% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 33.65% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 65.42% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 12.31% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 64.81% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 95.96% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 31.50% |
| 10 | P3 Health Partners | 25.02 Mn | -440,619.15 | 50.34 Mn | 12.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.70% |
| Jun 30, 2026 | 22.26% |
| Mar 31, 2026 | 13.04% |
| Dec 31, 2025 | -10.72% |
| Sep 30, 2025 | -7.11% |
| Jun 30, 2025 | 1.25% |
| Mar 31, 2025 | 0.32% |
| Dec 31, 2024 | -10.67% |
| Sep 30, 2024 | -10.99% |
| Jun 30, 2024 | 3.69% |
| Mar 31, 2024 | 1.66% |
| Dec 31, 2023 | -6.00% |
| Sep 30, 2023 | 3.17% |
| Jun 30, 2023 | 8.15% |
| Mar 31, 2023 | 5.46% |
| Dec 31, 2022 | -4.25% |
| Sep 30, 2022 | -2.63% |
| Jun 30, 2022 | 0.74% |
| Mar 31, 2022 | 2.82% |
| Sep 30, 2021 | -3.29% |
API Access
P3 Health Partners Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PIII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PIII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PIII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();