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Pennant vs Privia Health: revenue, profit, margins and growth compared

Pennant brought in $947.7M of revenue in fiscal 2025, Privia Health $2.1B in fiscal 2025. Revenue changed by +36.3% at Pennant and +22.3% at Privia Health on the year before, so Pennant grew faster. Pennant kept 3.1% of its revenue as net profit, Privia Health 1.1%.

Side by side, latest fiscal year

PNTGPRVA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$947.7M$2.1B
Revenue growth+36.3%+22.3%
Net income$29.6M$22.9M
Net margin3.1%1.1%
Free cash flow$36.3Mn/a
Free cash flow margin3.8%n/a
Earnings per share (diluted)$0.84$0.18
Cash$17M$479.7M
Debt$168.8Mn/a
Price to earnings48.5109.5
Market value$1.4B$2.5B
Dividend yieldn/an/a
Rank by revenue in sector#148 of 523 · Health care#106 of 523 · Health care

Over the years

Revenue
PNTG FY2019: $286.1MPNTG FY2019: $338.5MPNTG FY2020: $391MPNTG FY2021: $439.7MPNTG FY2022: $473.2MPNTG FY2023: $544.9MPNTG FY2024: $695.2MPNTG FY2025: $947.7MPRVA FY2019: $786.4MPRVA FY2021: $817.1MPRVA FY2021: $966.2MPRVA FY2022: $1.4BPRVA FY2023: $1.7BPRVA FY2024: $1.7BPRVA FY2025: $2.1BFY19FY20FY21FY22FY23FY24FY25
PNTG $947.7MPRVA $2.1B
Net income
PNTG FY2019: $15.7MPNTG FY2019: $2.5MPNTG FY2020: $15.7MPNTG FY2021: $2.7MPNTG FY2022: $6.6MPNTG FY2023: $13.4MPNTG FY2024: $22.6MPNTG FY2025: $29.6MPRVA FY2019: $8.2MPRVA FY2021: $31.2MPRVA FY2021: -$188.2MPRVA FY2022: -$8.6MPRVA FY2023: $23.1MPRVA FY2024: $14.4MPRVA FY2025: $22.9MFY19FY20FY21FY22FY23FY24FY25
PNTG $29.6MPRVA $22.9M
Net margin
PNTG FY2019: 5.5%PNTG FY2019: 0.8%PNTG FY2020: 4.0%PNTG FY2021: 0.6%PNTG FY2022: 1.4%PNTG FY2023: 2.5%PNTG FY2024: 3.2%PNTG FY2025: 3.1%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%FY19FY20FY21FY22FY23FY24FY25
PNTG 3.1%PRVA 1.1%
Revenue growth
PNTG FY2019: +18.3%PNTG FY2020: +15.5%PNTG FY2021: +12.5%PNTG FY2022: +7.6%PNTG FY2023: +15.1%PNTG FY2024: +27.6%PNTG FY2025: +36.3%PRVA FY2021: +3.9%PRVA FY2021: +18.3%PRVA FY2022: +40.4%PRVA FY2023: +22.2%PRVA FY2024: +4.7%PRVA FY2025: +22.3%FY19FY20FY21FY22FY23FY24FY25
PNTG +36.3%PRVA +22.3%
Free cash flow
PNTG FY2019: $19.7MPNTG FY2019: $2.8MPNTG FY2020: $43MPNTG FY2021: -$24.5MPNTG FY2022: -$5.1MPNTG FY2023: $25MPNTG FY2024: $30.3MPNTG FY2025: $36.3MPRVA FY2019: $18.6MPRVA FY2021: $38.5MPRVA FY2021: $54.5MPRVA FY2022: $47.1MPRVA FY2023: $80.7MFY19FY20FY21FY22FY23FY24FY25
PNTG $36.3MPRVA $80.7M

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

Questions about Pennant and Privia Health

Which is bigger by revenue, Pennant or Privia Health?

Privia Health is bigger by revenue: $2.1B in fiscal 2025, against $947.7M for Pennant in fiscal 2025.

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

Pennant had a net margin of 3.1% in fiscal 2025; Privia Health had 1.1% in fiscal 2025.

Which grew revenue faster, Pennant or Privia Health?

In their latest fiscal years revenue changed by +36.3% at Pennant 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.

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