vs
Side-by-side financial comparison of Arhaus, Inc. (ARHS) 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 $364.8M, roughly 1.1× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -19.6%, a 23.8% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs 3.8%). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -0.5%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs PIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $384.8M |
| Net Profit | $15.1M | $-75.5M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | -40.0% |
| Net Margin | 4.1% | -19.6% |
| Revenue YoY | 5.1% | 3.8% |
| Net Profit YoY | -29.1% | -28.8% |
| EPS (diluted) | $0.11 | $-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 | $364.8M | $384.8M | ||
| Q3 25 | $344.6M | $345.3M | ||
| Q2 25 | $358.4M | $355.8M | ||
| Q1 25 | $311.4M | $373.2M | ||
| Q4 24 | $347.0M | $370.7M | ||
| Q3 24 | $319.1M | $362.1M | ||
| Q2 24 | $309.8M | $379.2M | ||
| Q1 24 | $295.2M | $388.5M |
| Q4 25 | $15.1M | $-75.5M | ||
| Q3 25 | $12.2M | $-31.6M | ||
| Q2 25 | $35.1M | $-20.4M | ||
| Q1 25 | $4.9M | $-20.5M | ||
| Q4 24 | $21.3M | $-58.6M | ||
| Q3 24 | $9.9M | $-46.5M | ||
| Q2 24 | $22.2M | $-12.0M | ||
| Q1 24 | $15.1M | $-18.7M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 39.0% | — |
| Q4 25 | 5.6% | -40.0% | ||
| Q3 25 | 4.8% | -12.8% | ||
| Q2 25 | 13.0% | -9.6% | ||
| Q1 25 | 1.7% | -10.2% | ||
| Q4 24 | 8.2% | -37.4% | ||
| Q3 24 | 3.3% | -29.5% | ||
| Q2 24 | 9.5% | -8.3% | ||
| Q1 24 | 6.2% | -11.3% |
| Q4 25 | 4.1% | -19.6% | ||
| Q3 25 | 3.5% | -9.1% | ||
| Q2 25 | 9.8% | -5.7% | ||
| Q1 25 | 1.6% | -5.5% | ||
| Q4 24 | 6.1% | -15.8% | ||
| Q3 24 | 3.1% | -12.8% | ||
| Q2 24 | 7.2% | -3.2% | ||
| Q1 24 | 5.1% | -4.8% |
| Q4 25 | $0.11 | $-23.08 | ||
| Q3 25 | $0.09 | $-9.67 | ||
| Q2 25 | $0.25 | $-6.23 | ||
| Q1 25 | $0.03 | $-6.28 | ||
| Q4 24 | $0.15 | $-23.13 | ||
| Q3 24 | $0.07 | $-15.70 | ||
| Q2 24 | $0.16 | $-7.37 | ||
| Q1 24 | $0.11 | $-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 | $253.4M | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $418.2M | $-155.2M |
| Total Assets | $1.4B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $25.0M | ||
| Q3 25 | $262.2M | $37.7M | ||
| Q2 25 | $234.8M | $38.6M | ||
| Q1 25 | $214.4M | $40.1M | ||
| Q4 24 | $197.5M | $38.8M | ||
| Q3 24 | $177.7M | $63.0M | ||
| Q2 24 | $174.2M | $73.1M | ||
| Q1 24 | $233.2M | $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 | $418.2M | $-155.2M | ||
| Q3 25 | $400.4M | $-18.7M | ||
| Q2 25 | $385.6M | $44.5M | ||
| Q1 25 | $348.8M | $63.3M | ||
| Q4 24 | $343.7M | $75.9M | ||
| Q3 24 | $320.6M | $120.5M | ||
| Q2 24 | $309.3M | $166.8M | ||
| Q1 24 | $285.6M | $146.6M |
| Q4 25 | $1.4B | $656.6M | ||
| Q3 25 | $1.4B | $683.6M | ||
| Q2 25 | $1.3B | $731.6M | ||
| Q1 25 | $1.3B | $783.9M | ||
| Q4 24 | $1.2B | $783.4M | ||
| Q3 24 | $1.2B | $833.3M | ||
| Q2 24 | $1.2B | $892.8M | ||
| Q1 24 | $1.2B | $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 | $9.3M | $-25.7M |
| Free Cash FlowOCF − Capex | $-8.8M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $-25.7M | ||
| Q3 25 | $46.1M | $-15.4M | ||
| Q2 25 | $34.9M | $-16.6M | ||
| Q1 25 | $46.5M | $-33.5M | ||
| Q4 24 | $31.7M | $-57.2M | ||
| Q3 24 | $31.1M | $-22.6M | ||
| Q2 24 | $47.5M | $-10.2M | ||
| Q1 24 | $36.8M | $-20.0M |
| Q4 25 | $-8.8M | — | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $10.9M | — |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | 0.0% | ||
| Q3 24 | 8.3% | 0.0% | ||
| Q2 24 | 11.7% | 0.0% | ||
| Q1 24 | 8.8% | 0.0% |
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
