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Side-by-side financial comparison of Danaos Corp (DAC) 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 $262.2M, roughly 1.5× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs -19.6%, a 69.6% gap on every dollar of revenue. On growth, Danaos Corp posted the faster year-over-year revenue change (6.4% vs 3.8%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

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.

DAC vs PIII — Head-to-Head

Bigger by revenue
PIII
PIII
1.5× larger
PIII
$384.8M
$262.2M
DAC
Growing faster (revenue YoY)
DAC
DAC
+2.6% gap
DAC
6.4%
3.8%
PIII
Higher net margin
DAC
DAC
69.6% more per $
DAC
49.9%
-19.6%
PIII

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DAC
DAC
PIII
PIII
Revenue
$262.2M
$384.8M
Net Profit
$130.9M
$-75.5M
Gross Margin
Operating Margin
47.9%
-40.0%
Net Margin
49.9%
-19.6%
Revenue YoY
6.4%
3.8%
Net Profit YoY
-7.3%
-28.8%
EPS (diluted)
$7.12
$-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.

Revenue
DAC
DAC
PIII
PIII
Q4 25
$384.8M
Q3 25
$345.3M
Q2 25
$262.2M
$355.8M
Q1 25
$373.2M
Q4 24
$370.7M
Q3 24
$362.1M
Q2 24
$246.3M
$379.2M
Q1 24
$388.5M
Net Profit
DAC
DAC
PIII
PIII
Q4 25
$-75.5M
Q3 25
$-31.6M
Q2 25
$130.9M
$-20.4M
Q1 25
$-20.5M
Q4 24
$-58.6M
Q3 24
$-46.5M
Q2 24
$141.2M
$-12.0M
Q1 24
$-18.7M
Operating Margin
DAC
DAC
PIII
PIII
Q4 25
-40.0%
Q3 25
-12.8%
Q2 25
47.9%
-9.6%
Q1 25
-10.2%
Q4 24
-37.4%
Q3 24
-29.5%
Q2 24
56.8%
-8.3%
Q1 24
-11.3%
Net Margin
DAC
DAC
PIII
PIII
Q4 25
-19.6%
Q3 25
-9.1%
Q2 25
49.9%
-5.7%
Q1 25
-5.5%
Q4 24
-15.8%
Q3 24
-12.8%
Q2 24
57.3%
-3.2%
Q1 24
-4.8%
EPS (diluted)
DAC
DAC
PIII
PIII
Q4 25
$-23.08
Q3 25
$-9.67
Q2 25
$7.12
$-6.23
Q1 25
$-6.28
Q4 24
$-23.13
Q3 24
$-15.70
Q2 24
$7.23
$-7.37
Q1 24
$-7.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAC
DAC
PIII
PIII
Cash + ST InvestmentsLiquidity on hand
$654.1M
$25.0M
Total DebtLower is stronger
$228.4M
Stockholders' EquityBook value
$3.6B
$-155.2M
Total Assets
$4.5B
$656.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
PIII
PIII
Q4 25
$25.0M
Q3 25
$37.7M
Q2 25
$654.1M
$38.6M
Q1 25
$40.1M
Q4 24
$38.8M
Q3 24
$63.0M
Q2 24
$471.7M
$73.1M
Q1 24
$27.3M
Total Debt
DAC
DAC
PIII
PIII
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
Stockholders' Equity
DAC
DAC
PIII
PIII
Q4 25
$-155.2M
Q3 25
$-18.7M
Q2 25
$3.6B
$44.5M
Q1 25
$63.3M
Q4 24
$75.9M
Q3 24
$120.5M
Q2 24
$3.3B
$166.8M
Q1 24
$146.6M
Total Assets
DAC
DAC
PIII
PIII
Q4 25
$656.6M
Q3 25
$683.6M
Q2 25
$4.5B
$731.6M
Q1 25
$783.9M
Q4 24
$783.4M
Q3 24
$833.3M
Q2 24
$4.0B
$892.8M
Q1 24
$855.9M
Debt / Equity
DAC
DAC
PIII
PIII
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
DAC
DAC
PIII
PIII
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.

Operating Cash Flow
DAC
DAC
PIII
PIII
Q4 25
$-25.7M
Q3 25
$-15.4M
Q2 25
$-16.6M
Q1 25
$-33.5M
Q4 24
$-57.2M
Q3 24
$-22.6M
Q2 24
$-10.2M
Q1 24
$-20.0M
Capex Intensity
DAC
DAC
PIII
PIII
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAC
DAC

Segment breakdown not available.

PIII
PIII

Capitated Revenue$366.2M95%
Health Care Patient Service$18.6M5%
Health Care Care Coordination Management Fees$2.7M1%

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