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P3 Health Partners Inc.

PIIIHealthcareNASDAQ

Medical Care Facilities

PriceMA150MA200
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Financials · Annual
Revenue
$1.46B
-2.8% YoY
Net Income
-$147.9M
-8.9% YoY
EBITDA
-$181.9M
+8.0% YoY
Free Cash Flow
$16.3M

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About P3 Health Partners Inc.

P3 Health Partners Inc., a patient-centered and physician-led population health management company, provides superior care services in the United States. With a market capitalization of $2.60B, it sits in mid-cap territory. It operates clinics and wellness centers.

Key stats
Market Cap$2.60B
Fwd P/E-60.90
EPS$-38.66
Beta0.47
52W Change+96.8%
ROE-6952.6%
Analysis

The company holds $25.0M in cash, though total debt stands at $287.3M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $16.3M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of -6952.6% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $1.05B (2022) to $1.46B (2025), reflecting a 39% increase over the period.

The relatively low beta of 0.47 suggests PIII is a less volatile holding compared to the broader index. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. No single metric tells the full story. Reviewing PIII's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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