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Side-by-side financial comparison of Alarm.com Holdings, Inc. (ALRM) and P3 Health Partners Inc. (PIII). Click either name above to swap in a different company.
P3 Health Partners Inc. is the larger business by last-quarter revenue ($384.8M vs $261.7M, roughly 1.5× Alarm.com Holdings, Inc.). Alarm.com Holdings, Inc. runs the higher net margin — 13.2% vs -19.6%, a 32.8% gap on every dollar of revenue. On growth, Alarm.com Holdings, Inc. posted the faster year-over-year revenue change (8.0% vs 3.8%). Over the past eight quarters, Alarm.com Holdings, Inc.'s revenue compounded faster (8.3% CAGR vs -0.5%).
Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services. The company was founded in 2000 as a spinoff from MicroStrategy. The company is based in Tysons, Virginia.
P3 Health Partners Inc. is a population health management and value-based care services firm operating primarily in the United States. It partners with primary care providers and health systems to deliver coordinated, high-quality care for patient populations, especially Medicare Advantage beneficiaries, focusing on improving health outcomes and lowering unnecessary healthcare costs.
ALRM vs PIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $261.7M | $384.8M |
| Net Profit | $34.6M | $-75.5M |
| Gross Margin | 66.0% | — |
| Operating Margin | 13.4% | -40.0% |
| Net Margin | 13.2% | -19.6% |
| Revenue YoY | 8.0% | 3.8% |
| Net Profit YoY | 14.8% | -28.8% |
| EPS (diluted) | $0.66 | $-23.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $261.7M | $384.8M | ||
| Q3 25 | $256.4M | $345.3M | ||
| Q2 25 | $254.3M | $355.8M | ||
| Q1 25 | $238.8M | $373.2M | ||
| Q4 24 | $242.2M | $370.7M | ||
| Q3 24 | $240.5M | $362.1M | ||
| Q2 24 | $233.8M | $379.2M | ||
| Q1 24 | $223.3M | $388.5M |
| Q4 25 | $34.6M | $-75.5M | ||
| Q3 25 | $35.1M | $-31.6M | ||
| Q2 25 | $34.2M | $-20.4M | ||
| Q1 25 | $27.7M | $-20.5M | ||
| Q4 24 | $30.1M | $-58.6M | ||
| Q3 24 | $36.7M | $-46.5M | ||
| Q2 24 | $33.5M | $-12.0M | ||
| Q1 24 | $23.6M | $-18.7M |
| Q4 25 | 66.0% | — | ||
| Q3 25 | 65.8% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | 65.5% | — | ||
| Q3 24 | 64.8% | — | ||
| Q2 24 | 65.2% | — | ||
| Q1 24 | 65.7% | — |
| Q4 25 | 13.4% | -40.0% | ||
| Q3 25 | 14.4% | -12.8% | ||
| Q2 25 | 12.6% | -9.6% | ||
| Q1 25 | 12.4% | -10.2% | ||
| Q4 24 | 12.7% | -37.4% | ||
| Q3 24 | 13.8% | -29.5% | ||
| Q2 24 | 11.0% | -8.3% | ||
| Q1 24 | 8.4% | -11.3% |
| Q4 25 | 13.2% | -19.6% | ||
| Q3 25 | 13.7% | -9.1% | ||
| Q2 25 | 13.5% | -5.7% | ||
| Q1 25 | 11.6% | -5.5% | ||
| Q4 24 | 12.4% | -15.8% | ||
| Q3 24 | 15.3% | -12.8% | ||
| Q2 24 | 14.3% | -3.2% | ||
| Q1 24 | 10.6% | -4.8% |
| Q4 25 | $0.66 | $-23.08 | ||
| Q3 25 | $0.65 | $-9.67 | ||
| Q2 25 | $0.63 | $-6.23 | ||
| Q1 25 | $0.52 | $-6.28 | ||
| Q4 24 | $0.56 | $-23.13 | ||
| Q3 24 | $0.67 | $-15.70 | ||
| Q2 24 | $0.62 | $-7.37 | ||
| Q1 24 | $0.44 | $-7.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.6M | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $848.2M | $-155.2M |
| Total Assets | $2.1B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.6M | $25.0M | ||
| Q3 25 | $1.1B | $37.7M | ||
| Q2 25 | $1.0B | $38.6M | ||
| Q1 25 | $1.2B | $40.1M | ||
| Q4 24 | $1.2B | $38.8M | ||
| Q3 24 | $1.2B | $63.0M | ||
| Q2 24 | $1.1B | $73.1M | ||
| Q1 24 | $747.9M | $27.3M |
| Q4 25 | — | $228.4M | ||
| Q3 25 | — | $252.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | — | $108.9M | ||
| Q3 24 | — | $133.2M | ||
| Q2 24 | — | $133.1M | ||
| Q1 24 | — | $118.1M |
| Q4 25 | $848.2M | $-155.2M | ||
| Q3 25 | $827.2M | $-18.7M | ||
| Q2 25 | $797.3M | $44.5M | ||
| Q1 25 | $759.6M | $63.3M | ||
| Q4 24 | $726.5M | $75.9M | ||
| Q3 24 | $690.3M | $120.5M | ||
| Q2 24 | $645.5M | $166.8M | ||
| Q1 24 | $728.1M | $146.6M |
| Q4 25 | $2.1B | $656.6M | ||
| Q3 25 | $2.1B | $683.6M | ||
| Q2 25 | $2.1B | $731.6M | ||
| Q1 25 | $2.1B | $783.9M | ||
| Q4 24 | $2.0B | $783.4M | ||
| Q3 24 | $2.0B | $833.3M | ||
| Q2 24 | $1.9B | $892.8M | ||
| Q1 24 | $1.5B | $855.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.09× | ||
| Q1 25 | — | 2.71× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 0.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $35.9M | $-25.7M |
| Free Cash FlowOCF − Capex | $35.1M | — |
| FCF MarginFCF / Revenue | 13.4% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 1.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $137.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.9M | $-25.7M | ||
| Q3 25 | $70.6M | $-15.4M | ||
| Q2 25 | $22.7M | $-16.6M | ||
| Q1 25 | $24.1M | $-33.5M | ||
| Q4 24 | $56.3M | $-57.2M | ||
| Q3 24 | $77.3M | $-22.6M | ||
| Q2 24 | $23.0M | $-10.2M | ||
| Q1 24 | $49.9M | $-20.0M |
| Q4 25 | $35.1M | — | ||
| Q3 25 | $65.9M | — | ||
| Q2 25 | $18.2M | — | ||
| Q1 25 | $17.9M | — | ||
| Q4 24 | $54.0M | — | ||
| Q3 24 | $74.5M | — | ||
| Q2 24 | $21.0M | — | ||
| Q1 24 | $46.8M | — |
| Q4 25 | 13.4% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 21.0% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 0.9% | 0.0% | ||
| Q1 24 | 1.4% | 0.0% |
| Q4 25 | 1.04× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 2.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
