P3 Health Partners (PIII) Net Margin (2021 - 2025)
P3 Health Partners (PIII) reported Net Margin of 43.06% for Q4 2025, down 822.0% on a YoY basis from 5.96% in Q4 2024, and down 114.04% quarter-over-quarter from 20.12% in Q3 2025.
P3 Health Partners (PIII) Net Margin (2021 - 2025) Analysis & Trends
P3 Health Partners has reported Net Margin for 5 years, with the latest figure at 43.06% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 822.0% year-over-year to 43.06%; the trailing twelve-month figure through Dec 2025 stood at 22.14% (down 146.0% YoY), and the FY2025 full-year result was 22.14%, down 146.0% from the prior year.
- Net Margin for Q4 2025 stood at 43.06%, down from 20.12% in the prior quarter.
- The five-year high for Net Margin was 258.96% in Q4 2021, with the low at 1610.98% in Q1 2021.
- Historically, Net Margin has averaged 109.7% across 5 years, with a median of 20.02% in 2023.
- The largest YoY upside for Net Margin was 160712 bps in 2022 against a maximum downside of 31478 bps in 2022.
- P3 Health Partners' Net Margin stood at 258.96% in 2021, then tumbled by 180 bps to 206.16% in 2022, then soared by 90 bps to 19.92% in 2023, then slumped by 75 bps to 34.84% in 2024, then dropped by 24 bps to 43.06% in 2025.
- The last three Net Margin figures came in at 43.06% (Q4 2025), 20.12% (Q3 2025), and 12.27% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 9.72% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 13.08% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 8.05% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 1.00% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 6.93% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 7.76% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 300.60% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 10.08% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 5.68% |
| 10 | P3 Health Partners | 35.57 Mn | 24.77 Mn | 384.48 Mn | -43.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -43.06% |
| Sep 30, 2025 | -20.12% |
| Jun 30, 2025 | -12.27% |
| Mar 31, 2025 | -11.86% |
| Dec 31, 2024 | -34.84% |
| Sep 30, 2024 | -28.40% |
| Jun 30, 2024 | -7.59% |
| Mar 31, 2024 | -12.77% |
| Dec 31, 2023 | -19.92% |
| Sep 30, 2023 | -12.93% |
| Jun 30, 2023 | -8.38% |
| Mar 31, 2023 | -17.36% |
| Dec 31, 2022 | -206.16% |
| Sep 30, 2022 | -26.31% |
| Jun 30, 2022 | -335.16% |
| Mar 31, 2022 | -3.87% |
| Dec 2, 2021 | 258.96% |
| Sep 30, 2021 | -20.52% |
| Jun 30, 2021 | -20.38% |
| Mar 31, 2021 | -1,610.98% |