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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and P3 Health Partners Inc. (PIII). Click either name above to swap in a different company.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. is the larger business by last-quarter revenue ($733.7M vs $384.8M, roughly 1.9× P3 Health Partners Inc.). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs 3.8%). Over the past eight quarters, BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s revenue compounded faster (8.5% CAGR vs -0.5%).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
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.
BFAM vs PIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $384.8M |
| Net Profit | — | $-75.5M |
| Gross Margin | 19.3% | — |
| Operating Margin | 6.2% | -40.0% |
| Net Margin | — | -19.6% |
| Revenue YoY | 8.8% | 3.8% |
| Net Profit YoY | — | -28.8% |
| EPS (diluted) | $0.38 | $-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 | $733.7M | $384.8M | ||
| Q3 25 | $802.8M | $345.3M | ||
| Q2 25 | $731.6M | $355.8M | ||
| Q1 25 | $665.5M | $373.2M | ||
| Q4 24 | $674.1M | $370.7M | ||
| Q3 24 | $719.1M | $362.1M | ||
| Q2 24 | $670.1M | $379.2M | ||
| Q1 24 | $622.7M | $388.5M |
| Q4 25 | — | $-75.5M | ||
| Q3 25 | $78.6M | $-31.6M | ||
| Q2 25 | $54.8M | $-20.4M | ||
| Q1 25 | $38.0M | $-20.5M | ||
| Q4 24 | — | $-58.6M | ||
| Q3 24 | $54.9M | $-46.5M | ||
| Q2 24 | $39.2M | $-12.0M | ||
| Q1 24 | $17.0M | $-18.7M |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 6.2% | -40.0% | ||
| Q3 25 | 15.1% | -12.8% | ||
| Q2 25 | 11.8% | -9.6% | ||
| Q1 25 | 9.4% | -10.2% | ||
| Q4 24 | 7.2% | -37.4% | ||
| Q3 24 | 12.4% | -29.5% | ||
| Q2 24 | 10.3% | -8.3% | ||
| Q1 24 | 6.4% | -11.3% |
| Q4 25 | — | -19.6% | ||
| Q3 25 | 9.8% | -9.1% | ||
| Q2 25 | 7.5% | -5.7% | ||
| Q1 25 | 5.7% | -5.5% | ||
| Q4 24 | — | -15.8% | ||
| Q3 24 | 7.6% | -12.8% | ||
| Q2 24 | 5.8% | -3.2% | ||
| Q1 24 | 2.7% | -4.8% |
| Q4 25 | $0.38 | $-23.08 | ||
| Q3 25 | $1.37 | $-9.67 | ||
| Q2 25 | $0.95 | $-6.23 | ||
| Q1 25 | $0.66 | $-6.28 | ||
| Q4 24 | $0.50 | $-23.13 | ||
| Q3 24 | $0.94 | $-15.70 | ||
| Q2 24 | $0.67 | $-7.37 | ||
| Q1 24 | $0.29 | $-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 | $140.1M | $25.0M |
| Total DebtLower is stronger | $747.6M | $228.4M |
| Stockholders' EquityBook value | $1.3B | $-155.2M |
| Total Assets | $3.9B | $656.6M |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | $25.0M | ||
| Q3 25 | $116.6M | $37.7M | ||
| Q2 25 | $179.2M | $38.6M | ||
| Q1 25 | $112.0M | $40.1M | ||
| Q4 24 | $110.3M | $38.8M | ||
| Q3 24 | $109.9M | $63.0M | ||
| Q2 24 | $140.2M | $73.1M | ||
| Q1 24 | $63.7M | $27.3M |
| Q4 25 | $747.6M | $228.4M | ||
| Q3 25 | $747.5M | $252.8M | ||
| Q2 25 | $797.0M | $182.0M | ||
| Q1 25 | $872.7M | $171.1M | ||
| Q4 24 | $918.4M | $108.9M | ||
| Q3 24 | $925.7M | $133.2M | ||
| Q2 24 | $931.9M | $133.1M | ||
| Q1 24 | $938.1M | $118.1M |
| Q4 25 | $1.3B | $-155.2M | ||
| Q3 25 | $1.4B | $-18.7M | ||
| Q2 25 | $1.4B | $44.5M | ||
| Q1 25 | $1.3B | $63.3M | ||
| Q4 24 | $1.3B | $75.9M | ||
| Q3 24 | $1.4B | $120.5M | ||
| Q2 24 | $1.3B | $166.8M | ||
| Q1 24 | $1.2B | $146.6M |
| Q4 25 | $3.9B | $656.6M | ||
| Q3 25 | $3.9B | $683.6M | ||
| Q2 25 | $3.9B | $731.6M | ||
| Q1 25 | $3.8B | $783.9M | ||
| Q4 24 | $3.9B | $783.4M | ||
| Q3 24 | $3.9B | $833.3M | ||
| Q2 24 | $3.8B | $892.8M | ||
| Q1 24 | $3.8B | $855.9M |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | 4.09× | ||
| Q1 25 | 0.66× | 2.71× | ||
| Q4 24 | 0.72× | 1.43× | ||
| Q3 24 | 0.66× | 1.11× | ||
| Q2 24 | 0.73× | 0.80× | ||
| Q1 24 | 0.76× | 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 | $350.7M | $-25.7M |
| Free Cash FlowOCF − Capex | $258.5M | — |
| FCF MarginFCF / Revenue | 35.2% | — |
| Capex IntensityCapex / Revenue | 12.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | $-25.7M | ||
| Q3 25 | $-17.6M | $-15.4M | ||
| Q2 25 | $134.2M | $-16.6M | ||
| Q1 25 | $86.2M | $-33.5M | ||
| Q4 24 | $337.5M | $-57.2M | ||
| Q3 24 | $-8.9M | $-22.6M | ||
| Q2 24 | $109.4M | $-10.2M | ||
| Q1 24 | $116.3M | $-20.0M |
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | — | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | — | ||
| Q4 24 | $240.2M | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | $86.8M | — | ||
| Q1 24 | $96.9M | — |
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | -4.5% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 14.4% | 0.0% | ||
| Q3 24 | 3.2% | 0.0% | ||
| Q2 24 | 3.4% | 0.0% | ||
| Q1 24 | 3.1% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
