P3 Health Partners (PIIIW) Operating Margin (2021 - 2025)
P3 Health Partners (PIIIW) posted Operating Margin of 39.98% for Q4 2025, down 212.16% quarter-over-quarter from 12.81% in Q3 2025, and down 262.0% year-on-year from 24.68% in Q4 2024.
P3 Health Partners (PIIIW) Operating Margin (2021 - 2025) Analysis & Trends
P3 Health Partners (PIIIW) has reported Operating Margin for 5 consecutive years, with 39.98% the latest figure, recorded in Q4 2025.
- Operating Margin for Q4 2025 came in at 39.98%, down 262.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 18.53% (up 285.0% YoY), and the FY2025 annual result was 18.53%, up 285.0% from the prior year.
- Operating Margin was 39.98% for Q4 2025 at P3 Health Partners, down from 12.81% in the prior quarter.
- Over five years, Operating Margin peaked at 258.96% in Q4 2021 and troughed at 848.83% in Q1 2021.
- Average Operating Margin over 5 years is 71.36%, with a median of 17.98% recorded in 2021.
- The widest YoY moves for Operating Margin: up 82975 bps in 2022, down 32057 bps in 2022.
- Over 5 years, Operating Margin stood at 258.96% in 2021, then tumbled by 180 bps to 207.79% in 2022, then jumped by 91 bps to 18.53% in 2023, then sank by 102 bps to 37.36% in 2024, then slipped by 7 bps to 39.98% in 2025.
- Per Business Quant data, the three most recent Operating Margin figures were 39.98% in Q4 2025, 12.81% in Q3 2025, and 9.59% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | -2.96% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 12.86% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 24.14% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 14.11% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 3.76% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 8.99% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 11.19% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 8.45% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 17.01% |
| 10 | P3 Health Partners | - | - | 384.48 Mn | -39.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Dec 2, 2021 | 258.96% |
| Sep 30, 2021 | -18.01% |
| Jun 30, 2021 | -17.96% |
| Mar 31, 2021 | -848.83% |