P3 Health Partners (PIIIW) Free Cash Flow (2021 - 2025)
P3 Health Partners' (PIIIW) quarterly Free Cash Flow came in at -$25.5 million in Q4 2025, up 55.4% YoY from -$16.4 million in Q4 2024, and down 2292.6% on a QoQ basis from -$1.1 million in Q3 2025.
P3 Health Partners (PIIIW) Free Cash Flow (2021 - 2025) Analysis & Trends
P3 Health Partners (PIIIW) has 5 years of Free Cash Flow data on file, last reported at -$25.5 million in Q4 2025.
- Quarterly Free Cash Flow rose 55.4% year-over-year to -$25.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$91.2 million (up 17.22% YoY) and the FY2025 annual result came in at -$91.2 million, up 17.22% from the prior year.
- Free Cash Flow eased to -$25.5 million in Q4 2025, from -$1.1 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$1.1 million in Q3 2025 to a low of -$57.2 million in Q4 2024.
- A 5-year average of -$23.6 million and a median of -$22.2 million in 2021 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow slumped 247.07% — and 2025, when it soared 95.3%.
- Tracing PIIIW's Free Cash Flow over 5 years: stood at -$6.8 million in 2021, then tumbled by 368.27% to -$31.9 million in 2022, then soared by 48.23% to -$16.5 million in 2023, then tumbled by 247.07% to -$57.2 million in 2024, then jumped by 55.4% to -$25.5 million in 2025.
- The last three Free Cash Flow figures came in at -$25.5 million (Q4 2025), -$1.1 million (Q3 2025), and -$16.8 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 1.10 Bn |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 417.00 Mn |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 62.30 Mn |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 320.25 Mn |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 119.13 Mn |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 215.67 Mn |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 31.23 Mn |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 69.29 Mn |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 119.55 Mn |
| 10 | P3 Health Partners | 72,590.00 | 42.30 Mn | 86.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -25.53 Mn |
| Dec 31, 2025 | -25.53 Mn |
| Sep 30, 2025 | -1.07 Mn |
| Sep 30, 2025 | -1.07 Mn |
| Jun 30, 2025 | -16.75 Mn |
| Jun 30, 2025 | -16.75 Mn |
| Mar 31, 2025 | -47.81 Mn |
| Mar 31, 2025 | -47.81 Mn |
| Dec 31, 2024 | -57.24 Mn |
| Dec 31, 2024 | -57.24 Mn |
| Sep 30, 2024 | -22.68 Mn |
| Sep 30, 2024 | -22.68 Mn |
| Jun 30, 2024 | -10.17 Mn |
| Jun 30, 2024 | -10.17 Mn |
| Mar 31, 2024 | -20.05 Mn |
| Mar 31, 2024 | -20.05 Mn |
| Dec 31, 2023 | -16.49 Mn |
| Dec 31, 2023 | -16.49 Mn |
| Sep 30, 2023 | -7.51 Mn |
| Sep 30, 2023 | -7.51 Mn |