Invesaro

Stocks Comparison

P3 Health Partners vs Privia Health: revenue, profit, margins and growth compared

P3 Health Partners brought in $1.5B of revenue in fiscal 2024, Privia Health $2.1B in fiscal 2025. Revenue changed by -2.8% at P3 Health Partners and +22.3% at Privia Health on the year before, so Privia Health grew faster. P3 Health Partners kept -10.1% of its revenue as net profit, Privia Health 1.1%.

Side by side, latest fiscal year

PIIIPRVA
Fiscal year endedFY2024 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.5B$2.1B
Revenue growth-2.8%+22.3%
Net income-$147.9M$22.9M
Net margin-10.1%1.1%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)-$45.26$0.18
Cash$25M$479.7M
Debt$273.4Mn/a
Price to earningsn/a109.5
Market value$51.2M$2.5B
Dividend yieldn/an/a
Rank by revenue in sector#124 of 523 · Health care#106 of 523 · Health care

Over the years

Revenue
PIII FY2019: $145.5MPIII FY2021: $491.1MPIII FY2022: $1BPIII FY2023: $1.3BPIII FY2024: $1.5BPIII FY2024: $1.5BPRVA FY2019: $786.4MPRVA FY2021: $817.1MPRVA FY2021: $966.2MPRVA FY2022: $1.4BPRVA FY2023: $1.7BPRVA FY2024: $1.7BPRVA FY2025: $2.1BFY19FY21FY22FY23FY24FY25
PIII $1.5BPRVA $2.1B
Net income
PIII FY2019: -$42MPIII FY2021: -$31.4MPIII FY2022: -$270.1MPIII FY2023: -$57.8MPIII FY2024: -$135.8MPIII FY2024: -$147.9MPRVA FY2019: $8.2MPRVA FY2021: $31.2MPRVA FY2021: -$188.2MPRVA FY2022: -$8.6MPRVA FY2023: $23.1MPRVA FY2024: $14.4MPRVA FY2025: $22.9MFY19FY21FY22FY23FY24FY25
PIII -$147.9MPRVA $22.9M
Net margin
PIII FY2019: -28.8%PIII FY2021: -6.4%PIII FY2022: -25.7%PIII FY2023: -4.6%PIII FY2024: -9.1%PIII FY2024: -10.1%PRVA FY2019: 1.0%PRVA FY2021: 3.8%PRVA FY2021: -19.5%PRVA FY2022: -0.6%PRVA FY2023: 1.4%PRVA FY2024: 0.8%PRVA FY2025: 1.1%FY19FY21FY22FY23FY24FY25
PIII -10.1%PRVA 1.1%
Revenue growth
PIII FY2021: +237.5%PIII FY2023: +20.7%PIII FY2024: +18.5%PIII FY2024: -2.8%PRVA FY2021: +3.9%PRVA FY2021: +18.3%PRVA FY2022: +40.4%PRVA FY2023: +22.2%PRVA FY2024: +4.7%PRVA FY2025: +22.3%FY21FY22FY23FY24FY25
PIII -2.8%PRVA +22.3%
Free cash flow
PIII FY2019: -$29.7MPIII FY2021: -$27.5MPIII FY2022: -$128.3MPIII FY2023: -$77.9MPIII FY2024: -$110.1MPRVA FY2019: $18.6MPRVA FY2021: $38.5MPRVA FY2021: $54.5MPRVA FY2022: $47.1MPRVA FY2023: $80.7MFY19FY21FY22FY23FY24
PIII -$110.1MPRVA $80.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about P3 Health Partners and Privia Health

Which is bigger by revenue, P3 Health Partners or Privia Health?

Privia Health is bigger by revenue: $2.1B in fiscal 2025, against $1.5B for P3 Health Partners in fiscal 2024.

Which keeps more of its revenue as profit, P3 Health Partners or Privia Health?

P3 Health Partners had a net margin of -10.1% in fiscal 2024; Privia Health had 1.1% in fiscal 2025.

Which grew revenue faster, P3 Health Partners or Privia Health?

In their latest fiscal years revenue changed by -2.8% at P3 Health Partners and +22.3% at Privia Health.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies