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Side-by-side financial comparison of EZCORP INC (EZPW) 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 $382.0M, roughly 1.0× EZCORP INC). EZCORP INC runs the higher net margin — 11.6% vs -19.6%, a 31.2% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 3.8%). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs -0.5%).
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
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.
EZPW vs PIII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $384.8M |
| Net Profit | $44.3M | $-75.5M |
| Gross Margin | 58.4% | — |
| Operating Margin | 15.9% | -40.0% |
| Net Margin | 11.6% | -19.6% |
| Revenue YoY | 19.3% | 3.8% |
| Net Profit YoY | 42.8% | -28.8% |
| EPS (diluted) | $0.55 | $-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 | $382.0M | $384.8M | ||
| Q3 25 | $336.8M | $345.3M | ||
| Q2 25 | $311.0M | $355.8M | ||
| Q1 25 | $306.3M | $373.2M | ||
| Q4 24 | $320.2M | $370.7M | ||
| Q3 24 | $294.6M | $362.1M | ||
| Q2 24 | $281.4M | $379.2M | ||
| Q1 24 | $285.6M | $388.5M |
| Q4 25 | $44.3M | $-75.5M | ||
| Q3 25 | $26.7M | $-31.6M | ||
| Q2 25 | $26.5M | $-20.4M | ||
| Q1 25 | $25.4M | $-20.5M | ||
| Q4 24 | $31.0M | $-58.6M | ||
| Q3 24 | $15.2M | $-46.5M | ||
| Q2 24 | $17.9M | $-12.0M | ||
| Q1 24 | $21.5M | $-18.7M |
| Q4 25 | 58.4% | — | ||
| Q3 25 | 59.0% | — | ||
| Q2 25 | 59.1% | — | ||
| Q1 25 | 58.3% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 58.7% | — |
| Q4 25 | 15.9% | -40.0% | ||
| Q3 25 | 11.0% | -12.8% | ||
| Q2 25 | 11.6% | -9.6% | ||
| Q1 25 | 11.2% | -10.2% | ||
| Q4 24 | 13.1% | -37.4% | ||
| Q3 24 | 8.8% | -29.5% | ||
| Q2 24 | 7.9% | -8.3% | ||
| Q1 24 | 9.6% | -11.3% |
| Q4 25 | 11.6% | -19.6% | ||
| Q3 25 | 7.9% | -9.1% | ||
| Q2 25 | 8.5% | -5.7% | ||
| Q1 25 | 8.3% | -5.5% | ||
| Q4 24 | 9.7% | -15.8% | ||
| Q3 24 | 5.2% | -12.8% | ||
| Q2 24 | 6.4% | -3.2% | ||
| Q1 24 | 7.5% | -4.8% |
| Q4 25 | $0.55 | $-23.08 | ||
| Q3 25 | $0.35 | $-9.67 | ||
| Q2 25 | $0.34 | $-6.23 | ||
| Q1 25 | $0.33 | $-6.28 | ||
| Q4 24 | $0.40 | $-23.13 | ||
| Q3 24 | $0.20 | $-15.70 | ||
| Q2 24 | $0.25 | $-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 | $465.9M | $25.0M |
| Total DebtLower is stronger | $518.6M | $228.4M |
| Stockholders' EquityBook value | $1.1B | $-155.2M |
| Total Assets | $2.0B | $656.6M |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | $25.0M | ||
| Q3 25 | $469.5M | $37.7M | ||
| Q2 25 | $472.1M | $38.6M | ||
| Q1 25 | $505.2M | $40.1M | ||
| Q4 24 | $174.5M | $38.8M | ||
| Q3 24 | $170.5M | $63.0M | ||
| Q2 24 | $218.0M | $73.1M | ||
| Q1 24 | $229.1M | $27.3M |
| Q4 25 | $518.6M | $228.4M | ||
| Q3 25 | $518.1M | $252.8M | ||
| Q2 25 | $517.6M | $182.0M | ||
| Q1 25 | $620.5M | $171.1M | ||
| Q4 24 | $327.7M | $108.9M | ||
| Q3 24 | $327.3M | $133.2M | ||
| Q2 24 | $361.3M | $133.1M | ||
| Q1 24 | $360.9M | $118.1M |
| Q4 25 | $1.1B | $-155.2M | ||
| Q3 25 | $1.0B | $-18.7M | ||
| Q2 25 | $990.1M | $44.5M | ||
| Q1 25 | $851.6M | $63.3M | ||
| Q4 24 | $823.9M | $75.9M | ||
| Q3 24 | $804.6M | $120.5M | ||
| Q2 24 | $801.5M | $166.8M | ||
| Q1 24 | $800.4M | $146.6M |
| Q4 25 | $2.0B | $656.6M | ||
| Q3 25 | $2.0B | $683.6M | ||
| Q2 25 | $1.9B | $731.6M | ||
| Q1 25 | $1.8B | $783.9M | ||
| Q4 24 | $1.5B | $783.4M | ||
| Q3 24 | $1.5B | $833.3M | ||
| Q2 24 | $1.5B | $892.8M | ||
| Q1 24 | $1.5B | $855.9M |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | 4.09× | ||
| Q1 25 | 0.73× | 2.71× | ||
| Q4 24 | 0.40× | 1.43× | ||
| Q3 24 | 0.41× | 1.11× | ||
| Q2 24 | 0.45× | 0.80× | ||
| Q1 24 | 0.45× | 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 | $39.1M | $-25.7M |
| Free Cash FlowOCF − Capex | $31.7M | — |
| FCF MarginFCF / Revenue | 8.3% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | $-25.7M | ||
| Q3 25 | $51.3M | $-15.4M | ||
| Q2 25 | $34.8M | $-16.6M | ||
| Q1 25 | $36.9M | $-33.5M | ||
| Q4 24 | $26.0M | $-57.2M | ||
| Q3 24 | $43.3M | $-22.6M | ||
| Q2 24 | $33.7M | $-10.2M | ||
| Q1 24 | $15.1M | $-20.0M |
| Q4 25 | $31.7M | — | ||
| Q3 25 | $35.7M | — | ||
| Q2 25 | $25.7M | — | ||
| Q1 25 | $28.6M | — | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $24.4M | — | ||
| Q2 24 | $30.5M | — | ||
| Q1 24 | $8.6M | — |
| Q4 25 | 8.3% | — | ||
| Q3 25 | 10.6% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 1.8% | 0.0% | ||
| Q3 24 | 6.4% | 0.0% | ||
| Q2 24 | 1.1% | 0.0% | ||
| Q1 24 | 2.3% | 0.0% |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 2.85× | — | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
