P3 Health Partners (PIII) Operating Margin (2021 - 2025)
P3 Health Partners posted quarterly Operating Margin of 39.98% for Q4 2025, down 262.0% year-on-year from 24.68% in Q4 2024, and down 212.16% on a QoQ basis from 12.81% in Q3 2025.
P3 Health Partners (PIII) has 5 years of Operating Margin data on file, last reported at 39.98% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin fell 262.0% year-over-year to 39.98%; the trailing twelve-month figure through Dec 2025 stood at 18.53% (up 285.0% YoY), and the FY2025 full-year result was 18.53%, up 285.0% from the prior year.
- Operating Margin for Q4 2025 stood at 39.98%, down from 12.81% in the prior quarter.
- Across five years, Operating Margin topped out at 258.96% in Q4 2021 and bottomed at 848.83% in Q1 2021.
- The 5-year median for Operating Margin is 17.98% (2021), against an average of 71.36%.
- Peak annual rise in Operating Margin reached 82975 bps in 2022, while the deepest fall reached 32057 bps in 2022.
- A 5-year view of Operating Margin shows it stood at 258.96% in 2021, then tumbled by 180 bps to 207.79% in 2022, then surged by 91 bps to 18.53% in 2023, then sank by 102 bps to 37.36% in 2024, then retreated by 7 bps to 39.98% in 2025.
- The last three Operating Margin figures came in at 39.98% (Q4 2025), 12.81% (Q3 2025), and 9.59% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.01% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 8.45% |
| 10 | P3 Health Partners | 102.31 Mn | 91.51 Mn | 384.48 Mn | -39.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -39.98% |
| Sep 30, 2025 | -12.81% |
| Jun 30, 2025 | -9.59% |
| Mar 31, 2025 | -10.21% |
| Dec 31, 2024 | -37.36% |
| Sep 30, 2024 | -29.55% |
| Jun 30, 2024 | -8.26% |
| Mar 31, 2024 | -11.28% |
| Dec 31, 2023 | -18.53% |
| Sep 30, 2023 | -11.73% |
| Jun 30, 2023 | -6.39% |
| Mar 31, 2023 | -16.16% |
| Dec 31, 2022 | -207.79% |
| Sep 30, 2022 | -24.17% |
| Jun 30, 2022 | -338.53% |
| Mar 31, 2022 | -19.07% |
| Dec 2, 2021 | 258.96% |
| Sep 30, 2021 | -18.01% |
| Jun 30, 2021 | -17.96% |
| Mar 31, 2021 | -848.83% |