Growth Metrics

P3 Health Partners (PIIIW) Invested Capital (2019 - 2025)

P3 Health Partners posted quarterly Invested Capital of $73.2 million for Q4 2025, down 60.41% year-on-year from $184.8 million in Q4 2024, and down 68.74% on a QoQ basis from $234.1 million in Q3 2025.

P3 Health Partners (PIIIW) has 7 years of Invested Capital data on file, last reported at $73.2 million in Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital fell 60.41% year-over-year to $73.2 million; the trailing twelve-month figure through Dec 2025 stood at $73.2 million (down 60.41% YoY), and the FY2025 full-year result was $73.2 million, down 60.41% from the prior year.
  • Invested Capital for Q4 2025 stood at $73.2 million, down from $234.1 million in the prior quarter.
  • Across five years, Invested Capital topped out at $300.0 million in Q2 2024 and bottomed at -$272.9 million in Q4 2021.
  • The 5-year median for Invested Capital is $147.3 million (2022), against an average of $106.2 million.
  • The widest annual swing landed in 2023, when Invested Capital plunged 125.48%; it then jumped 1172.14% in 2024.
  • A 5-year view of Invested Capital shows it stood at -$272.9 million in 2021, then jumped by 136.74% to $100.3 million in 2022, then surged by 149.76% to $250.4 million in 2023, then declined by 26.2% to $184.8 million in 2024, then plunged by 60.41% to $73.2 million in 2025.
  • The last three Invested Capital figures came in at $73.2 million (Q4 2025), $234.1 million (Q3 2025), and $226.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 5.55 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 18.02 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn -363.69 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 5.88 Bn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 2.37 Bn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 12.23 Bn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 28.06 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 847.99 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 1.05 Bn
10 P3 Health Partners - - 384.48 Mn 73.17 Mn

Historic Data

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DateValue
Dec 31, 2025 73.17 Mn
Sep 30, 2025 234.11 Mn
Jun 30, 2025 226.42 Mn
Mar 31, 2025 234.37 Mn
Dec 31, 2024 184.84 Mn
Sep 30, 2024 253.74 Mn
Jun 30, 2024 299.96 Mn
Mar 31, 2024 264.72 Mn
Dec 31, 2023 250.45 Mn
Sep 30, 2023 296.20 Mn
Jun 30, 2023 -27.98 Mn
Mar 31, 2023 105.44 Mn
Dec 31, 2022 100.28 Mn
Sep 30, 2022 78.08 Mn
Jun 30, 2022 109.80 Mn
Mar 31, 2022 265.37 Mn
Dec 2, 2021 -272.92 Mn
Sep 30, 2021 -215.01 Mn
Jun 30, 2021 -183.31 Mn
Mar 31, 2021 -154.41 Mn
Dec 31, 2020 -130.13 Mn
Dec 31, 2019 -99.07 Mn