P3 Health Partners (PIII) Net Margin (2021 - 2026)
P3 Health Partners' (PIII) quarterly Net Margin came in at 43.06% in Q4 2025, down 822.0% YoY from 5.96% in Q4 2024, and down 114.04% on a QoQ basis from 20.12% in Q3 2025.
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P3 Health Partners (PIII) Net Margin (2021 - 2026) Analysis & Trends
P3 Health Partners (PIII) has 5 years of Net Margin data on file, last reported at 43.06% in Q4 2025.
- Quarterly Net Margin fell 822.0% year-over-year to 43.06% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 22.14% (down 146.0% YoY) and the FY2025 annual result came in at 22.14%, down 146.0% from the prior year.
- Net Margin slipped to 43.06% in Q4 2025, from 20.12% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 3.87% in Q1 2022 to a low of 335.16% in Q2 2022.
- A 5-year average of 43.48% and a median of 18.41% in 2021 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin slumped 31570 bps — and 2023, when it surged 32678 bps.
- Tracing PIII's Net Margin over 5 years: stood at 12.33% in 2021, then tumbled by 1572 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 9.54% |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 14.68% |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 12.98% |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 9.66% |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 7.73% |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 6.93% |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 10.06% |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 5.35% |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 11.10% |
| 10 | P3 Health Partners | 31.00 Mn | 8.78 Mn | 86.00 Mn | -0.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.55% |
| Dec 31, 2025 | -43.06% |
| Sep 30, 2025 | -20.12% |
| Jun 30, 2025 | -5.72% |
| 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 | -12.05% |
| Sep 30, 2021 | -20.52% |
| Jun 30, 2021 | -20.38% |