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Side-by-side financial comparison of Citi Trends Inc (CTRN) 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 $197.1M, roughly 2.0× Citi Trends Inc). Citi Trends Inc runs the higher net margin — -3.5% vs -19.6%, a 16.1% gap on every dollar of revenue. On growth, Citi Trends Inc posted the faster year-over-year revenue change (10.1% vs 3.8%). Over the past eight quarters, P3 Health Partners Inc.'s revenue compounded faster (-0.5% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
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.
CTRN vs PIII — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $384.8M |
| Net Profit | $-6.9M | $-75.5M |
| Gross Margin | — | — |
| Operating Margin | -3.7% | -40.0% |
| Net Margin | -3.5% | -19.6% |
| Revenue YoY | 10.1% | 3.8% |
| Net Profit YoY | 3.6% | -28.8% |
| EPS (diluted) | $-0.86 | $-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 | $197.1M | $384.8M | ||
| Q3 25 | $190.8M | $345.3M | ||
| Q2 25 | $201.7M | $355.8M | ||
| Q1 25 | $211.2M | $373.2M | ||
| Q4 24 | $179.1M | $370.7M | ||
| Q3 24 | $176.6M | $362.1M | ||
| Q2 24 | $186.3M | $379.2M | ||
| Q1 24 | $215.2M | $388.5M |
| Q4 25 | $-6.9M | $-75.5M | ||
| Q3 25 | $3.8M | $-31.6M | ||
| Q2 25 | $871.0K | $-20.4M | ||
| Q1 25 | $-14.2M | $-20.5M | ||
| Q4 24 | $-7.2M | $-58.6M | ||
| Q3 24 | $-18.4M | $-46.5M | ||
| Q2 24 | $-3.4M | $-12.0M | ||
| Q1 24 | $3.6M | $-18.7M |
| Q4 25 | -3.7% | -40.0% | ||
| Q3 25 | 1.8% | -12.8% | ||
| Q2 25 | 0.2% | -9.6% | ||
| Q1 25 | 0.6% | -10.2% | ||
| Q4 24 | -4.9% | -37.4% | ||
| Q3 24 | -14.1% | -29.5% | ||
| Q2 24 | -3.7% | -8.3% | ||
| Q1 24 | 1.8% | -11.3% |
| Q4 25 | -3.5% | -19.6% | ||
| Q3 25 | 2.0% | -9.1% | ||
| Q2 25 | 0.4% | -5.7% | ||
| Q1 25 | -6.7% | -5.5% | ||
| Q4 24 | -4.0% | -15.8% | ||
| Q3 24 | -10.4% | -12.8% | ||
| Q2 24 | -1.8% | -3.2% | ||
| Q1 24 | 1.7% | -4.8% |
| Q4 25 | $-0.86 | $-23.08 | ||
| Q3 25 | $0.46 | $-9.67 | ||
| Q2 25 | $0.11 | $-6.23 | ||
| Q1 25 | $-1.70 | $-6.28 | ||
| Q4 24 | $-0.86 | $-23.13 | ||
| Q3 24 | $-2.21 | $-15.70 | ||
| Q2 24 | $-0.42 | $-7.37 | ||
| Q1 24 | $0.43 | $-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 | — | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $107.8M | $-155.2M |
| Total Assets | $464.3M | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.0M | ||
| Q3 25 | — | $37.7M | ||
| Q2 25 | — | $38.6M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $38.8M | ||
| Q3 24 | — | $63.0M | ||
| Q2 24 | — | $73.1M | ||
| Q1 24 | — | $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 | $107.8M | $-155.2M | ||
| Q3 25 | $113.2M | $-18.7M | ||
| Q2 25 | $108.6M | $44.5M | ||
| Q1 25 | $113.2M | $63.3M | ||
| Q4 24 | $130.3M | $75.9M | ||
| Q3 24 | $136.6M | $120.5M | ||
| Q2 24 | $154.8M | $166.8M | ||
| Q1 24 | $157.7M | $146.6M |
| Q4 25 | $464.3M | $656.6M | ||
| Q3 25 | $457.4M | $683.6M | ||
| Q2 25 | $437.4M | $731.6M | ||
| Q1 25 | $462.8M | $783.9M | ||
| Q4 24 | $467.1M | $783.4M | ||
| Q3 24 | $506.7M | $833.3M | ||
| Q2 24 | $484.1M | $892.8M | ||
| Q1 24 | $518.7M | $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 | $8.6M | $-25.7M |
| Free Cash FlowOCF − Capex | $767.0K | — |
| FCF MarginFCF / Revenue | 0.4% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $-25.7M | ||
| Q3 25 | $3.9M | $-15.4M | ||
| Q2 25 | $-11.0M | $-16.6M | ||
| Q1 25 | $28.5M | $-33.5M | ||
| Q4 24 | $-18.4M | $-57.2M | ||
| Q3 24 | $5.6M | $-22.6M | ||
| Q2 24 | $-19.6M | $-10.2M | ||
| Q1 24 | $23.3M | $-20.0M |
| Q4 25 | $767.0K | — | ||
| Q3 25 | $-1.7M | — | ||
| Q2 25 | $-13.1M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | $-20.4M | — | ||
| Q3 24 | $1.7M | — | ||
| Q2 24 | $-21.2M | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | -0.9% | — | ||
| Q2 25 | -6.5% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | -11.4% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | 9.3% | — |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.1% | 0.0% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 0.9% | 0.0% | ||
| Q1 24 | 1.5% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | -12.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRN
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% |
