P3 Health Partners (PIII) Operating Margin (2021 - 2026)
P3 Health Partners (PIII) posted Operating Margin of 10.67% for Q2 2026, up 20.26 percentage points from -9.59% a year earlier.
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Analysis
P3 Health Partners (PIII) Operating Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at P3 Health Partners was -12.97%, up 8.76 percentage points year-over-year; for FY2025, it was -18.53%, up 2.85 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -12.70 percentage points (FY2020 to FY2025).
- In prior years, P3 Health Partners' Operating Margin was -21.37% in FY2024 (-8.11 pp), -13.26% in FY2023 (+135.47 pp), -148.73% in FY2022 and -22.31% in FY2021.
- The Q2 2026 figure stands as the highest quarterly Operating Margin in data going back to Q1 2021.
- On a year-over-year basis, Operating Margin increased in three of the last seven quarters, with an average year-over-year change of -0.36 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2023, with a gain of 332.14 percentage points; the weakest was Q2 2022, with a drop of 320.57 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -10.07% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 12.10% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -38.55% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 26.67% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -19.85% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 16.29% |
| 10 | P3 Health Partners | 50.38 Mn | -7.78 Mn | 86.00 Mn | 10.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.67% |
| 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% |
| Sep 30, 2021 | -18.01% |
| Jun 30, 2021 | -17.96% |
| Mar 31, 2021 | -8.58% |
API Access
P3 Health Partners Operating 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=operating-margin&ticker=PIII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PIII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();