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Side-by-side financial comparison of Kimball Electronics, Inc. (KE) 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 $341.3M, roughly 1.1× Kimball Electronics, Inc.). Kimball Electronics, Inc. runs the higher net margin — 1.1% vs -19.6%, a 20.7% gap on every dollar of revenue. On growth, P3 Health Partners Inc. posted the faster year-over-year revenue change (3.8% vs -4.5%). Over the past eight quarters, P3 Health Partners Inc.'s revenue compounded faster (-0.5% CAGR vs -10.4%).

Kimball International, Inc. is an American company which consists of furniture brands: Kimball, National, Interwoven, Etc., David Edward, D'Style and Kimball Hospitality. It is the successor to W.W. Kimball and Company, the world's largest piano and organ manufacturer at certain times in the 19th and 20th centuries.

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.

KE vs PIII — Head-to-Head

Bigger by revenue
PIII
PIII
1.1× larger
PIII
$384.8M
$341.3M
KE
Growing faster (revenue YoY)
PIII
PIII
+8.3% gap
PIII
3.8%
-4.5%
KE
Higher net margin
KE
KE
20.7% more per $
KE
1.1%
-19.6%
PIII
Faster 2-yr revenue CAGR
PIII
PIII
Annualised
PIII
-0.5%
-10.4%
KE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
KE
KE
PIII
PIII
Revenue
$341.3M
$384.8M
Net Profit
$3.6M
$-75.5M
Gross Margin
8.2%
Operating Margin
3.2%
-40.0%
Net Margin
1.1%
-19.6%
Revenue YoY
-4.5%
3.8%
Net Profit YoY
6.0%
-28.8%
EPS (diluted)
$0.15
$-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
KE
KE
PIII
PIII
Q4 25
$341.3M
$384.8M
Q3 25
$365.6M
$345.3M
Q2 25
$380.5M
$355.8M
Q1 25
$374.6M
$373.2M
Q4 24
$357.4M
$370.7M
Q3 24
$374.3M
$362.1M
Q2 24
$430.2M
$379.2M
Q1 24
$425.0M
$388.5M
Net Profit
KE
KE
PIII
PIII
Q4 25
$3.6M
$-75.5M
Q3 25
$10.1M
$-31.6M
Q2 25
$6.6M
$-20.4M
Q1 25
$3.8M
$-20.5M
Q4 24
$3.4M
$-58.6M
Q3 24
$3.2M
$-46.5M
Q2 24
$7.5M
$-12.0M
Q1 24
$-6.1M
$-18.7M
Gross Margin
KE
KE
PIII
PIII
Q4 25
8.2%
Q3 25
7.9%
Q2 25
8.0%
Q1 25
7.2%
Q4 24
6.6%
Q3 24
6.3%
Q2 24
8.5%
Q1 24
7.9%
Operating Margin
KE
KE
PIII
PIII
Q4 25
3.2%
-40.0%
Q3 25
4.0%
-12.8%
Q2 25
4.3%
-9.6%
Q1 25
3.1%
-10.2%
Q4 24
2.3%
-37.4%
Q3 24
2.4%
-29.5%
Q2 24
4.6%
-8.3%
Q1 24
-1.5%
-11.3%
Net Margin
KE
KE
PIII
PIII
Q4 25
1.1%
-19.6%
Q3 25
2.8%
-9.1%
Q2 25
1.7%
-5.7%
Q1 25
1.0%
-5.5%
Q4 24
1.0%
-15.8%
Q3 24
0.8%
-12.8%
Q2 24
1.8%
-3.2%
Q1 24
-1.4%
-4.8%
EPS (diluted)
KE
KE
PIII
PIII
Q4 25
$0.15
$-23.08
Q3 25
$0.40
$-9.67
Q2 25
$0.27
$-6.23
Q1 25
$0.15
$-6.28
Q4 24
$0.14
$-23.13
Q3 24
$0.12
$-15.70
Q2 24
$0.29
$-7.37
Q1 24
$-0.24
$-7.86

Balance Sheet & Financial Strength

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

Metric
KE
KE
PIII
PIII
Cash + ST InvestmentsLiquidity on hand
$77.9M
$25.0M
Total DebtLower is stronger
$153.8M
$228.4M
Stockholders' EquityBook value
$579.2M
$-155.2M
Total Assets
$1.1B
$656.6M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KE
KE
PIII
PIII
Q4 25
$77.9M
$25.0M
Q3 25
$75.7M
$37.7M
Q2 25
$88.8M
$38.6M
Q1 25
$51.4M
$40.1M
Q4 24
$53.9M
$38.8M
Q3 24
$76.6M
$63.0M
Q2 24
$78.0M
$73.1M
Q1 24
$65.2M
$27.3M
Total Debt
KE
KE
PIII
PIII
Q4 25
$153.8M
$228.4M
Q3 25
$137.5M
$252.8M
Q2 25
$147.1M
$182.0M
Q1 25
$178.3M
$171.1M
Q4 24
$204.5M
$108.9M
Q3 24
$133.2M
Q2 24
$294.8M
$133.1M
Q1 24
$118.1M
Stockholders' Equity
KE
KE
PIII
PIII
Q4 25
$579.2M
$-155.2M
Q3 25
$577.1M
$-18.7M
Q2 25
$569.9M
$44.5M
Q1 25
$548.1M
$63.3M
Q4 24
$537.5M
$75.9M
Q3 24
$547.8M
$120.5M
Q2 24
$540.5M
$166.8M
Q1 24
$539.1M
$146.6M
Total Assets
KE
KE
PIII
PIII
Q4 25
$1.1B
$656.6M
Q3 25
$1.1B
$683.6M
Q2 25
$1.1B
$731.6M
Q1 25
$1.1B
$783.9M
Q4 24
$1.1B
$783.4M
Q3 24
$1.1B
$833.3M
Q2 24
$1.2B
$892.8M
Q1 24
$1.3B
$855.9M
Debt / Equity
KE
KE
PIII
PIII
Q4 25
0.27×
Q3 25
0.24×
Q2 25
0.26×
4.09×
Q1 25
0.33×
2.71×
Q4 24
0.38×
1.43×
Q3 24
1.11×
Q2 24
0.55×
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
KE
KE
PIII
PIII
Operating Cash FlowLast quarter
$6.9M
$-25.7M
Free Cash FlowOCF − Capex
$-11.2M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$81.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KE
KE
PIII
PIII
Q4 25
$6.9M
$-25.7M
Q3 25
$8.1M
$-15.4M
Q2 25
$78.1M
$-16.6M
Q1 25
$30.9M
$-33.5M
Q4 24
$29.5M
$-57.2M
Q3 24
$45.5M
$-22.6M
Q2 24
$48.5M
$-10.2M
Q1 24
$42.6M
$-20.0M
Free Cash Flow
KE
KE
PIII
PIII
Q4 25
$-11.2M
Q3 25
$-2.5M
Q2 25
$68.4M
Q1 25
$27.0M
Q4 24
$23.1M
Q3 24
$32.1M
Q2 24
$39.5M
Q1 24
$30.0M
FCF Margin
KE
KE
PIII
PIII
Q4 25
-3.3%
Q3 25
-0.7%
Q2 25
18.0%
Q1 25
7.2%
Q4 24
6.5%
Q3 24
8.6%
Q2 24
9.2%
Q1 24
7.1%
Capex Intensity
KE
KE
PIII
PIII
Q4 25
5.3%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.0%
Q4 24
1.8%
0.0%
Q3 24
3.6%
0.0%
Q2 24
2.1%
0.0%
Q1 24
3.0%
0.0%
Cash Conversion
KE
KE
PIII
PIII
Q4 25
1.89×
Q3 25
0.80×
Q2 25
11.86×
Q1 25
8.11×
Q4 24
8.58×
Q3 24
14.42×
Q2 24
6.43×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KE
KE

Automotive$162.3M48%
Medical$96.3M28%
Industrial$82.7M24%

PIII
PIII

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

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