Last 24 quarters of trend data · Healthcare · Medical - Care Facilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
P3 Health Partners Inc.'s quarterly P/E stands at 2.4x.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.25 | 2.41 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.04 | 0.04 | 0.08 | 0.12 | 0.14 | 0.24 |
| — | -6.3% | -33.9% | -51.8% | -65.5% | -77.1% | -78.9% | -69.1% | -82.8% | +114.4% | +58.2% | -26.6% | +70.1% | |
| P/B Ratio | — | — | — | 1.54 | 0.24 | 0.22 | 0.24 | 0.24 | 0.17 | 0.32 | 0.37 | 0.33 | 0.60 |
| — | — | — | +540.8% | +35.7% | -30.0% | -34.7% | -26.3% | -71.2% | +237.0% | +156.1% | +79.0% | +336.4% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | 0.53 | — | — | — | — | — | — | — | — | — | — | 127.63 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 1.90 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
P3 Health Partners Inc.'s operating margin was 2.1% in Q1 2026, up 42.1 pp QoQ and up 12.3 pp YoY. The trailing four-quarter average of -15.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 589.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -9.9% | 7.6% | 100.0% | -7.1% | 100.0% | -1.5% | 100.0% | 100.0% | 3.7% | -3.9% | -12.2% | 100.0% | 100.0% |
| — | +589.5% | 0.0% | -107.1% | +2611.0% | +60.2% | +917.1% | 0.0% | -96.3% | -103.9% | -112.2% | +3909.4% | 0.0% | |
| Operating Margin | -18.5% | 2.1% | -40.0% | -12.8% | -9.6% | -10.2% | -37.4% | -29.5% | -8.3% | -11.3% | -18.5% | -11.7% | -6.4% |
| — | +120.9% | -7.0% | +56.6% | -16.1% | +9.5% | -101.7% | -151.9% | -29.3% | +30.2% | +91.1% | +51.5% | +98.1% | |
| Net Margin | -10.1% | 0.3% | -19.6% | -9.1% | -5.7% | -5.5% | -15.8% | -12.8% | -3.2% | -4.8% | -7.3% | -4.6% | -3.0% |
| — | +105.8% | -24.1% | +28.8% | -80.5% | -14.0% | -115.4% | -178.6% | -6.3% | -58.1% | +79.8% | -2.5% | +94.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3183.7% | — | — | -59.5% | -19.6% | -15.1% | -28.4% | -14.8% | -3.2% | -4.6% | -5.4% | -2.6% | -2.0% |
| — | — | — | -302.4% | -510.3% | -231.5% | -420.5% | -474.2% | -63.6% | -146.6% | +54.4% | -150.0% | +80.1% | |
| ROA | -20.5% | 0.2% | -11.3% | -4.5% | -2.7% | -2.6% | -7.3% | -5.4% | -1.4% | -2.2% | -2.9% | -1.5% | -1.1% |
| — | +107.0% | -55.4% | +17.2% | -95.5% | -20.0% | -150.3% | -266.0% | -24.4% | -106.5% | +65.2% | -86.3% | +86.4% | |
| ROIC | -101.6% | — | — | -24.3% | -10.1% | -10.6% | -33.4% | -20.5% | -5.1% | -6.5% | -8.8% | -4.4% | -2.7% |
| — | — | — | -18.5% | -100.2% | -62.7% | -278.2% | -369.0% | -88.7% | -6.1% | +81.1% | -9.4% | +93.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
P3 Health Partners Inc.'s Debt/EBITDA ratio is 2.1x — at a moderate level that warrants monitoring. The current ratio has weakened 13.2% YoY to 0.33x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 2.68 | 2.21 | 1.51 | 1.11 | 0.55 | 0.40 | 0.34 | 0.29 | 0.24 | 0.23 |
| — | — | — | +388.6% | +451.8% | +339.4% | +286.6% | +125.4% | +77.3% | +33.9% | +39.7% | +180.0% | +173.7% | |
| Debt / EBITDA | — | 2.12 | — | — | — | — | — | — | — | — | — | — | 160.62 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.24 | 0.33 | 0.24 | 0.32 | 0.31 | 0.38 | 0.37 | 0.53 | 0.69 | 0.55 | 0.55 | 0.67 | 0.69 |
| — | -13.2% | -34.2% | -39.7% | -54.9% | -31.1% | -33.1% | -21.1% | -0.0% | +35.2% | +33.1% | +23.0% | -8.0% | |
| Quick Ratio | 0.24 | 0.33 | 0.24 | 0.32 | 0.31 | 0.38 | 0.37 | 0.53 | 0.69 | 0.55 | 0.55 | 0.67 | 0.69 |
| — | -13.2% | -34.2% | -39.7% | -54.9% | -31.1% | -33.1% | -21.1% | -0.0% | +35.2% | +33.1% | +23.0% | -8.0% | |
| Interest Coverage | -4.91 | 0.49 | -9.66 | -2.38 | -3.11 | -3.95 | -17.17 | -17.85 | -4.12 | -10.17 | -15.64 | -8.21 | -6.10 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying PIII stock.
P3 Health Partners Inc.'s current P/E is -0.2x. The average P/E over the last 1 quarters is 2.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
P3 Health Partners Inc.'s current operating margin is -18.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking P3 Health Partners Inc.'s business trajectory between earnings reports.