Growth Metrics

P3 Health Partners (PIIIW) EBITDA (2021 - 2025)

P3 Health Partners posted quarterly EBITDA of -$153.4 million for Q4 2025, down 11.29% year-on-year from -$172.9 million in Q4 2024, and down 250.77% on a QoQ basis from -$43.7 million in Q3 2025.

P3 Health Partners (PIIIW) has 5 years of EBITDA data on file, last reported at -$153.4 million in Q4 2025.

  • For the quarter ending Q4 2025, EBITDA fell 11.29% year-over-year to -$153.4 million; the trailing twelve-month figure through Dec 2025 stood at -$268.1 million (up 15.76% YoY), and the FY2025 full-year result was -$268.1 million, up 15.76% from the prior year.
  • EBITDA for Q4 2025 stood at -$153.4 million, down from -$43.7 million in the prior quarter.
  • Across five years, EBITDA topped out at $564.4 million in Q4 2021 and bottomed at -$911.6 million in Q2 2022.
  • The 5-year median for EBITDA is -$43.5 million (2024), against an average of -$90.6 million.
  • The widest annual swing landed in 2022, when EBITDA tumbled 3410.01%; it then surged 97.76% in 2023.
  • A 5-year view of EBITDA shows it stood at $564.4 million in 2021, then sank by 194.96% to -$535.9 million in 2022, then soared by 88.1% to -$63.8 million in 2023, then tumbled by 116.13% to -$137.8 million in 2024, then fell by 11.29% to -$153.4 million in 2025.
  • The last three EBITDA figures came in at -$153.4 million (Q4 2025), -$43.7 million (Q3 2025), and -$33.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn -566.00 Mn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 1.30 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 481.89 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 59.70 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 124.85 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 502.86 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 4.44 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 98.88 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 120.04 Mn
10 P3 Health Partners - - 384.48 Mn -153.37 Mn

Historic Data

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DateValue
Dec 31, 2025 -153.37 Mn
Sep 30, 2025 -43.72 Mn
Jun 30, 2025 -33.52 Mn
Mar 31, 2025 -37.49 Mn
Dec 31, 2024 -137.80 Mn
Sep 30, 2024 -106.39 Mn
Jun 30, 2024 -30.73 Mn
Mar 31, 2024 -43.33 Mn
Dec 31, 2023 -63.76 Mn
Sep 30, 2023 -33.32 Mn
Jun 30, 2023 -20.43 Mn
Mar 31, 2023 -48.22 Mn
Dec 31, 2022 -535.95 Mn
Sep 30, 2022 -59.31 Mn
Jun 30, 2022 -911.59 Mn
Mar 31, 2022 -51.57 Mn
Dec 2, 2021 564.38 Mn
Sep 30, 2021 -28.12 Mn
Jun 30, 2021 -25.97 Mn
Mar 31, 2021 -12.66 Mn