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Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) 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 $258.2M, roughly 1.5× DiamondRock Hospitality Co). DiamondRock Hospitality Co runs the higher net margin — 5.6% vs -19.6%, a 25.2% gap on every dollar of revenue. On growth, P3 Health Partners Inc. posted the faster year-over-year revenue change (3.8% vs 1.3%). Over the past eight quarters, P3 Health Partners Inc.'s revenue compounded faster (-0.5% CAGR vs -8.6%).
DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.
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.
DRH vs PIII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $258.2M | $384.8M |
| Net Profit | $14.5M | $-75.5M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | -40.0% |
| Net Margin | 5.6% | -19.6% |
| Revenue YoY | 1.3% | 3.8% |
| Net Profit YoY | 22.0% | -28.8% |
| EPS (diluted) | $0.07 | $-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 | $258.2M | — | ||
| Q4 25 | $274.5M | $384.8M | ||
| Q3 25 | $285.4M | $345.3M | ||
| Q2 25 | $305.7M | $355.8M | ||
| Q1 25 | $254.9M | $373.2M | ||
| Q4 24 | $279.1M | $370.7M | ||
| Q3 24 | $285.1M | $362.1M | ||
| Q2 24 | $309.3M | $379.2M |
| Q1 26 | $14.5M | — | ||
| Q4 25 | $26.2M | $-75.5M | ||
| Q3 25 | $22.5M | $-31.6M | ||
| Q2 25 | $40.8M | $-20.4M | ||
| Q1 25 | $11.9M | $-20.5M | ||
| Q4 24 | $-11.2M | $-58.6M | ||
| Q3 24 | $26.4M | $-46.5M | ||
| Q2 24 | $24.5M | $-12.0M |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 8.9% | -40.0% | ||
| Q3 25 | 8.1% | -12.8% | ||
| Q2 25 | 13.7% | -9.6% | ||
| Q1 25 | 4.3% | -10.2% | ||
| Q4 24 | -3.7% | -37.4% | ||
| Q3 24 | 9.5% | -29.5% | ||
| Q2 24 | 8.4% | -8.3% |
| Q1 26 | 5.6% | — | ||
| Q4 25 | 9.5% | -19.6% | ||
| Q3 25 | 7.9% | -9.1% | ||
| Q2 25 | 13.4% | -5.7% | ||
| Q1 25 | 4.7% | -5.5% | ||
| Q4 24 | -4.0% | -15.8% | ||
| Q3 24 | 9.3% | -12.8% | ||
| Q2 24 | 7.9% | -3.2% |
| Q1 26 | $0.07 | — | ||
| Q4 25 | $0.12 | $-23.08 | ||
| Q3 25 | $0.10 | $-9.67 | ||
| Q2 25 | $0.18 | $-6.23 | ||
| Q1 25 | $0.04 | $-6.28 | ||
| Q4 24 | $-0.06 | $-23.13 | ||
| Q3 24 | $0.11 | $-15.70 | ||
| Q2 24 | $0.10 | $-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 | $39.3M | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $1.4B | $-155.2M |
| Total Assets | $3.0B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.3M | — | ||
| Q4 25 | $68.1M | $25.0M | ||
| Q3 25 | $145.3M | $37.7M | ||
| Q2 25 | $52.4M | $38.6M | ||
| Q1 25 | $100.6M | $40.1M | ||
| Q4 24 | $81.4M | $38.8M | ||
| Q3 24 | $75.3M | $63.0M | ||
| Q2 24 | $125.2M | $73.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $228.4M | ||
| Q3 25 | $1.1B | $252.8M | ||
| Q2 25 | $1.0B | $182.0M | ||
| Q1 25 | $1.1B | $171.1M | ||
| Q4 24 | $1.1B | $108.9M | ||
| Q3 24 | $1.1B | $133.2M | ||
| Q2 24 | $1.2B | $133.1M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $-155.2M | ||
| Q3 25 | $1.6B | $-18.7M | ||
| Q2 25 | $1.6B | $44.5M | ||
| Q1 25 | $1.6B | $63.3M | ||
| Q4 24 | $1.6B | $75.9M | ||
| Q3 24 | $1.6B | $120.5M | ||
| Q2 24 | $1.6B | $166.8M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $656.6M | ||
| Q3 25 | $3.1B | $683.6M | ||
| Q2 25 | $3.1B | $731.6M | ||
| Q1 25 | $3.1B | $783.9M | ||
| Q4 24 | $3.2B | $783.4M | ||
| Q3 24 | $3.2B | $833.3M | ||
| Q2 24 | $3.2B | $892.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.65× | 4.09× | ||
| Q1 25 | 0.70× | 2.71× | ||
| Q4 24 | 0.69× | 1.43× | ||
| Q3 24 | 0.67× | 1.11× | ||
| Q2 24 | 0.71× | 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 | $67.9M | $-25.7M | ||
| Q3 25 | $74.6M | $-15.4M | ||
| Q2 25 | $73.6M | $-16.6M | ||
| Q1 25 | $27.6M | $-33.5M | ||
| Q4 24 | $75.8M | $-57.2M | ||
| Q3 24 | $61.7M | $-22.6M | ||
| Q2 24 | $55.7M | $-10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $47.3M | — | ||
| Q3 25 | $54.9M | — | ||
| Q2 25 | $57.9M | — | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | $52.6M | — | ||
| Q3 24 | $39.0M | — | ||
| Q2 24 | $38.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 19.2% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 18.9% | — | ||
| Q3 24 | 13.7% | — | ||
| Q2 24 | 12.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 8.3% | 0.0% | ||
| Q3 24 | 7.9% | 0.0% | ||
| Q2 24 | 5.5% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 2.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRH
| Rooms | $164.1M | 64% |
| Food and beverage | $67.2M | 26% |
| Other | $26.9M | 10% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
