Growth Metrics

P3 Health Partners (PIIIW) Free Cash Flow (2021 - 2025)

P3 Health Partners posted quarterly Free Cash Flow of -$25.5 million for Q4 2025, up 55.4% year-on-year from -$16.4 million in Q4 2024, and down 65.64% on a QoQ basis from -$15.4 million in Q3 2025.

P3 Health Partners (PIIIW) has 5 years of Free Cash Flow data on file, last reported at -$25.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Free Cash Flow rose 55.4% year-over-year to -$25.5 million; the trailing twelve-month figure through Dec 2025 stood at -$91.0 million (up 17.33% YoY), and the FY2025 full-year result was -$91.2 million, up 17.22% from the prior year.
  • Free Cash Flow for Q4 2025 stood at -$25.5 million, down from -$15.4 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at -$6.8 million in Q3 2021 and bottomed at -$57.2 million in Q4 2024.
  • The 5-year median for Free Cash Flow is -$22.2 million (2021), against an average of -$23.7 million.
  • Peak annual rise in Free Cash Flow reached 65.89% in 2024, while the deepest fall reached 265.36% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at -$6.8 million in 2021, then tumbled by 369.01% to -$31.9 million in 2022, then surged by 50.9% to -$15.7 million in 2023, then sank by 265.36% to -$57.2 million in 2024, then soared by 55.4% to -$25.5 million in 2025.
  • The last three Free Cash Flow figures came in at -$25.5 million (Q4 2025), -$15.4 million (Q3 2025), and -$16.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 895.00 Mn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 1.46 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 218.81 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 150.70 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 90.18 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 184.47 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 1.65 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 71.10 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 149.82 Mn
10 P3 Health Partners - - 384.48 Mn -25.53 Mn

Historic Data

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DateValue
Dec 31, 2025 -25.53 Mn
Dec 31, 2025 -25.53 Mn
Sep 30, 2025 -15.41 Mn
Sep 30, 2025 -15.41 Mn
Jun 30, 2025 -16.63 Mn
Jun 30, 2025 -16.63 Mn
Mar 31, 2025 -33.47 Mn
Mar 31, 2025 -33.47 Mn
Dec 31, 2024 -57.24 Mn
Dec 31, 2024 -57.24 Mn
Sep 30, 2024 -22.62 Mn
Sep 30, 2024 -22.62 Mn
Jun 30, 2024 -10.24 Mn
Jun 30, 2024 -10.24 Mn
Mar 31, 2024 -20.03 Mn
Mar 31, 2024 -20.03 Mn
Dec 31, 2023 -15.67 Mn
Dec 31, 2023 -15.67 Mn
Sep 30, 2023 -7.97 Mn
Sep 30, 2023 -7.97 Mn
Jun 30, 2023 -30.03 Mn
Jun 30, 2023 -30.03 Mn
Mar 31, 2023 -24.19 Mn
Mar 31, 2023 -24.19 Mn
Dec 31, 2022 -31.90 Mn
Dec 31, 2022 -31.90 Mn
Sep 30, 2022 -21.86 Mn
Sep 30, 2022 -21.86 Mn
Jun 30, 2022 -45.84 Mn
Jun 30, 2022 -45.84 Mn
Mar 31, 2022 -28.65 Mn
Mar 31, 2022 -28.65 Mn
Sep 30, 2021 -6.80 Mn
Sep 30, 2021 -6.80 Mn
Jun 30, 2021 -22.24 Mn
Jun 30, 2021 -22.24 Mn
Mar 31, 2021 -13.78 Mn
Mar 31, 2021 -13.78 Mn