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Side-by-side financial comparison of Kimco Realty (KIM) and P3 Health Partners Inc. (PIII). Click either name above to swap in a different company.
Kimco Realty is the larger business by last-quarter revenue ($558.0M vs $384.8M, roughly 1.5× P3 Health Partners Inc.). Kimco Realty runs the higher net margin — 29.8% vs -19.6%, a 49.4% gap on every dollar of revenue. On growth, Kimco Realty posted the faster year-over-year revenue change (4.0% vs 3.8%). Over the past eight quarters, Kimco Realty's revenue compounded faster (5.6% CAGR vs -0.5%).
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
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.
KIM vs PIII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $558.0M | $384.8M |
| Net Profit | $166.3M | $-75.5M |
| Gross Margin | — | — |
| Operating Margin | 37.2% | -40.0% |
| Net Margin | 29.8% | -19.6% |
| Revenue YoY | 4.0% | 3.8% |
| Net Profit YoY | 23.7% | -28.8% |
| EPS (diluted) | $0.46 | $-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 | $558.0M | — | ||
| Q4 25 | $542.5M | $384.8M | ||
| Q3 25 | $535.9M | $345.3M | ||
| Q2 25 | $525.2M | $355.8M | ||
| Q1 25 | $536.6M | $373.2M | ||
| Q4 24 | $525.4M | $370.7M | ||
| Q3 24 | $507.6M | $362.1M | ||
| Q2 24 | $500.2M | $379.2M |
| Q1 26 | $166.3M | — | ||
| Q4 25 | $151.2M | $-75.5M | ||
| Q3 25 | $137.8M | $-31.6M | ||
| Q2 25 | $163.0M | $-20.4M | ||
| Q1 25 | $132.8M | $-20.5M | ||
| Q4 24 | $166.0M | $-58.6M | ||
| Q3 24 | $136.0M | $-46.5M | ||
| Q2 24 | $119.7M | $-12.0M |
| Q1 26 | 37.2% | — | ||
| Q4 25 | 36.4% | -40.0% | ||
| Q3 25 | 34.9% | -12.8% | ||
| Q2 25 | 39.2% | -9.6% | ||
| Q1 25 | 33.6% | -10.2% | ||
| Q4 24 | 31.7% | -37.4% | ||
| Q3 24 | 33.7% | -29.5% | ||
| Q2 24 | 32.1% | -8.3% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.9% | -19.6% | ||
| Q3 25 | 25.7% | -9.1% | ||
| Q2 25 | 31.0% | -5.7% | ||
| Q1 25 | 24.8% | -5.5% | ||
| Q4 24 | 31.6% | -15.8% | ||
| Q3 24 | 26.8% | -12.8% | ||
| Q2 24 | 23.9% | -3.2% |
| Q1 26 | $0.46 | — | ||
| Q4 25 | — | $-23.08 | ||
| Q3 25 | — | $-9.67 | ||
| Q2 25 | — | $-6.23 | ||
| Q1 25 | — | $-6.28 | ||
| Q4 24 | — | $-23.13 | ||
| Q3 24 | — | $-15.70 | ||
| Q2 24 | — | $-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 | — | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $10.4B | $-155.2M |
| Total Assets | $19.6B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $211.6M | $25.0M | ||
| Q3 25 | $159.3M | $37.7M | ||
| Q2 25 | $226.6M | $38.6M | ||
| Q1 25 | $131.3M | $40.1M | ||
| Q4 24 | $688.6M | $38.8M | ||
| Q3 24 | $789.0M | $63.0M | ||
| Q2 24 | $126.4M | $73.1M |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $228.4M | ||
| Q3 25 | — | $252.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | $8.0B | $108.9M | ||
| Q3 24 | — | $133.2M | ||
| Q2 24 | — | $133.1M |
| Q1 26 | $10.4B | — | ||
| Q4 25 | $10.4B | $-155.2M | ||
| Q3 25 | $10.5B | $-18.7M | ||
| Q2 25 | $10.5B | $44.5M | ||
| Q1 25 | $10.6B | $63.3M | ||
| Q4 24 | $10.7B | $75.9M | ||
| Q3 24 | $10.5B | $120.5M | ||
| Q2 24 | $10.6B | $166.8M |
| Q1 26 | $19.6B | — | ||
| Q4 25 | $19.7B | $656.6M | ||
| Q3 25 | $19.9B | $683.6M | ||
| Q2 25 | $19.8B | $731.6M | ||
| Q1 25 | $19.7B | $783.9M | ||
| Q4 24 | $20.3B | $783.4M | ||
| Q3 24 | $20.1B | $833.3M | ||
| Q2 24 | $19.5B | $892.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.09× | ||
| Q1 25 | — | 2.71× | ||
| Q4 24 | 0.75× | 1.43× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | — | 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 | $258.4M | $-25.7M | ||
| Q3 25 | $332.4M | $-15.4M | ||
| Q2 25 | $305.4M | $-16.6M | ||
| Q1 25 | $223.8M | $-33.5M | ||
| Q4 24 | $239.5M | $-57.2M | ||
| Q3 24 | $295.9M | $-22.6M | ||
| Q2 24 | $294.1M | $-10.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $205.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 38.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.71× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KIM
| Revenues from rental properties, net | $552.8M | 99% |
| Management and other fee income | $5.2M | 1% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
