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Side-by-side financial comparison of Bloom Energy Corp (BE) and P3 Health Partners Inc. (PIII). Click either name above to swap in a different company.
Bloom Energy Corp is the larger business by last-quarter revenue ($751.1M vs $384.8M, roughly 2.0× P3 Health Partners Inc.). Bloom Energy Corp runs the higher net margin — 9.4% vs -19.6%, a 29.0% gap on every dollar of revenue. On growth, Bloom Energy Corp posted the faster year-over-year revenue change (130.4% vs 3.8%). Over the past eight quarters, Bloom Energy Corp's revenue compounded faster (51.7% CAGR vs -0.5%).
KR Sridhar is an Indian American engineer, inventor, professor, and entrepreneur. He is the founder, chairman, and chief executive officer (CEO) of Bloom Energy. Prior, Sridhar was a professor of Aerospace and Mechanical Engineering and the Director of the Space Technologies Laboratory (STL) at the University of Arizona. He worked with and advised NASA, and is a member of the National Academy of Engineering.
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.
BE vs PIII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $751.1M | $384.8M |
| Net Profit | $70.7M | $-75.5M |
| Gross Margin | 30.0% | — |
| Operating Margin | 17.3% | -40.0% |
| Net Margin | 9.4% | -19.6% |
| Revenue YoY | 130.4% | 3.8% |
| Net Profit YoY | — | -28.8% |
| EPS (diluted) | $0.44 | $-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.
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $384.8M | ||
| Q3 25 | $513.3M | $345.3M | ||
| Q2 25 | $396.3M | $355.8M | ||
| Q1 25 | $319.3M | $373.2M | ||
| Q4 24 | $567.0M | $370.7M | ||
| Q3 24 | $321.8M | $362.1M | ||
| Q2 24 | $326.5M | $379.2M |
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $-75.5M | ||
| Q3 25 | $-23.0M | $-31.6M | ||
| Q2 25 | $-42.2M | $-20.4M | ||
| Q1 25 | $-23.4M | $-20.5M | ||
| Q4 24 | $105.2M | $-58.6M | ||
| Q3 24 | $-14.6M | $-46.5M | ||
| Q2 24 | $-61.2M | $-12.0M |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 21.0% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | -40.0% | ||
| Q3 25 | 1.5% | -12.8% | ||
| Q2 25 | -0.9% | -9.6% | ||
| Q1 25 | -6.0% | -10.2% | ||
| Q4 24 | 18.5% | -37.4% | ||
| Q3 24 | -3.0% | -29.5% | ||
| Q2 24 | -7.1% | -8.3% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | -19.6% | ||
| Q3 25 | -4.5% | -9.1% | ||
| Q2 25 | -10.6% | -5.7% | ||
| Q1 25 | -7.3% | -5.5% | ||
| Q4 24 | 18.5% | -15.8% | ||
| Q3 24 | -4.5% | -12.8% | ||
| Q2 24 | -18.7% | -3.2% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $-23.08 | ||
| Q3 25 | $-100.00 | $-9.67 | ||
| Q2 25 | $-0.18 | $-6.23 | ||
| Q1 25 | $-0.10 | $-6.28 | ||
| Q4 24 | $0.45 | $-23.13 | ||
| Q3 24 | $-0.06 | $-15.70 | ||
| Q2 24 | $-0.27 | $-7.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $948.0K | $-155.2M |
| Total Assets | $4.7B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $25.0M | ||
| Q3 25 | $595.1M | $37.7M | ||
| Q2 25 | $574.8M | $38.6M | ||
| Q1 25 | $794.8M | $40.1M | ||
| Q4 24 | $802.9M | $38.8M | ||
| Q3 24 | $495.7M | $63.0M | ||
| Q2 24 | $581.7M | $73.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $228.4M | ||
| Q3 25 | $1.1B | $252.8M | ||
| Q2 25 | $1.1B | $182.0M | ||
| Q1 25 | $1.1B | $171.1M | ||
| Q4 24 | $1.1B | $108.9M | ||
| Q3 24 | $1.1B | $133.2M | ||
| Q2 24 | $1.1B | $133.1M |
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $-155.2M | ||
| Q3 25 | $653.1M | $-18.7M | ||
| Q2 25 | $594.6M | $44.5M | ||
| Q1 25 | $578.3M | $63.3M | ||
| Q4 24 | $562.5M | $75.9M | ||
| Q3 24 | $430.9M | $120.5M | ||
| Q2 24 | $423.3M | $166.8M |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $656.6M | ||
| Q3 25 | $2.6B | $683.6M | ||
| Q2 25 | $2.5B | $731.6M | ||
| Q1 25 | $2.6B | $783.9M | ||
| Q4 24 | $2.7B | $783.4M | ||
| Q3 24 | $2.6B | $833.3M | ||
| Q2 24 | $2.5B | $892.8M |
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | 4.09× | ||
| Q1 25 | 1.96× | 2.71× | ||
| Q4 24 | 2.01× | 1.43× | ||
| Q3 24 | 2.62× | 1.11× | ||
| Q2 24 | 2.66× | 0.80× |
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 | — | $-25.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $-25.7M | ||
| Q3 25 | $19.7M | $-15.4M | ||
| Q2 25 | $-213.1M | $-16.6M | ||
| Q1 25 | $-110.7M | $-33.5M | ||
| Q4 24 | $484.2M | $-57.2M | ||
| Q3 24 | $-69.5M | $-22.6M | ||
| Q2 24 | $-175.5M | $-10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | — | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $-220.4M | — | ||
| Q1 25 | $-124.9M | — | ||
| Q4 24 | $473.1M | — | ||
| Q3 24 | $-83.8M | — | ||
| Q2 24 | $-187.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -55.6% | — | ||
| Q1 25 | -39.1% | — | ||
| Q4 24 | 83.4% | — | ||
| Q3 24 | -26.0% | — | ||
| Q2 24 | -57.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 2.0% | 0.0% | ||
| Q3 24 | 4.4% | 0.0% | ||
| Q2 24 | 3.7% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
