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Side-by-side financial comparison of MONRO, INC. (MNRO) 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 $293.4M, roughly 1.3× MONRO, INC.). MONRO, INC. runs the higher net margin — 3.8% vs -19.6%, a 23.4% gap on every dollar of revenue. On growth, P3 Health Partners Inc. posted the faster year-over-year revenue change (3.8% vs -4.0%). Over the past eight quarters, P3 Health Partners Inc.'s revenue compounded faster (-0.5% CAGR vs -2.7%).
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
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.
MNRO vs PIII — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $293.4M | $384.8M |
| Net Profit | $11.1M | $-75.5M |
| Gross Margin | 34.9% | — |
| Operating Margin | 6.3% | -40.0% |
| Net Margin | 3.8% | -19.6% |
| Revenue YoY | -4.0% | 3.8% |
| Net Profit YoY | 143.1% | -28.8% |
| EPS (diluted) | $0.35 | $-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 | $293.4M | $384.8M | ||
| Q3 25 | $288.9M | $345.3M | ||
| Q2 25 | $301.0M | $355.8M | ||
| Q1 25 | $295.0M | $373.2M | ||
| Q4 24 | $305.8M | $370.7M | ||
| Q3 24 | $301.4M | $362.1M | ||
| Q2 24 | $293.2M | $379.2M | ||
| Q1 24 | $310.1M | $388.5M |
| Q4 25 | $11.1M | $-75.5M | ||
| Q3 25 | $5.7M | $-31.6M | ||
| Q2 25 | $-8.1M | $-20.4M | ||
| Q1 25 | $-21.3M | $-20.5M | ||
| Q4 24 | $4.6M | $-58.6M | ||
| Q3 24 | $5.6M | $-46.5M | ||
| Q2 24 | $5.9M | $-12.0M | ||
| Q1 24 | $3.7M | $-18.7M |
| Q4 25 | 34.9% | — | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 35.5% | — | ||
| Q1 25 | 33.0% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 37.2% | — | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 6.3% | -40.0% | ||
| Q3 25 | 4.4% | -12.8% | ||
| Q2 25 | -2.0% | -9.6% | ||
| Q1 25 | -8.1% | -10.2% | ||
| Q4 24 | 3.3% | -37.4% | ||
| Q3 24 | 4.4% | -29.5% | ||
| Q2 24 | 4.5% | -8.3% | ||
| Q1 24 | 3.3% | -11.3% |
| Q4 25 | 3.8% | -19.6% | ||
| Q3 25 | 2.0% | -9.1% | ||
| Q2 25 | -2.7% | -5.7% | ||
| Q1 25 | -7.2% | -5.5% | ||
| Q4 24 | 1.5% | -15.8% | ||
| Q3 24 | 1.9% | -12.8% | ||
| Q2 24 | 2.0% | -3.2% | ||
| Q1 24 | 1.2% | -4.8% |
| Q4 25 | $0.35 | $-23.08 | ||
| Q3 25 | $0.18 | $-9.67 | ||
| Q2 25 | $-0.28 | $-6.23 | ||
| Q1 25 | $-0.74 | $-6.28 | ||
| Q4 24 | $0.15 | $-23.13 | ||
| Q3 24 | $0.18 | $-15.70 | ||
| Q2 24 | $0.19 | $-7.37 | ||
| Q1 24 | $0.12 | $-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 | $4.9M | $25.0M |
| Total DebtLower is stronger | $45.0M | $228.4M |
| Stockholders' EquityBook value | $604.9M | $-155.2M |
| Total Assets | $1.6B | $656.6M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $25.0M | ||
| Q3 25 | $10.5M | $37.7M | ||
| Q2 25 | $7.8M | $38.6M | ||
| Q1 25 | $20.8M | $40.1M | ||
| Q4 24 | $10.2M | $38.8M | ||
| Q3 24 | $20.9M | $63.0M | ||
| Q2 24 | $18.7M | $73.1M | ||
| Q1 24 | $6.6M | $27.3M |
| Q4 25 | $45.0M | $228.4M | ||
| Q3 25 | $60.0M | $252.8M | ||
| Q2 25 | $71.5M | $182.0M | ||
| Q1 25 | $61.3M | $171.1M | ||
| Q4 24 | $59.3M | $108.9M | ||
| Q3 24 | $62.0M | $133.2M | ||
| Q2 24 | $112.0M | $133.1M | ||
| Q1 24 | $102.0M | $118.1M |
| Q4 25 | $604.9M | $-155.2M | ||
| Q3 25 | $601.7M | $-18.7M | ||
| Q2 25 | $604.9M | $44.5M | ||
| Q1 25 | $620.8M | $63.3M | ||
| Q4 24 | $648.9M | $75.9M | ||
| Q3 24 | $651.9M | $120.5M | ||
| Q2 24 | $654.4M | $166.8M | ||
| Q1 24 | $656.8M | $146.6M |
| Q4 25 | $1.6B | $656.6M | ||
| Q3 25 | $1.6B | $683.6M | ||
| Q2 25 | $1.6B | $731.6M | ||
| Q1 25 | $1.6B | $783.9M | ||
| Q4 24 | $1.7B | $783.4M | ||
| Q3 24 | $1.7B | $833.3M | ||
| Q2 24 | $1.7B | $892.8M | ||
| Q1 24 | $1.7B | $855.9M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 0.12× | 4.09× | ||
| Q1 25 | 0.10× | 2.71× | ||
| Q4 24 | 0.09× | 1.43× | ||
| Q3 24 | 0.10× | 1.11× | ||
| Q2 24 | 0.17× | 0.80× | ||
| Q1 24 | 0.16× | 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 | $17.8M | $-25.7M |
| Free Cash FlowOCF − Capex | $9.1M | — |
| FCF MarginFCF / Revenue | 3.1% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | $49.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.8M | $-25.7M | ||
| Q3 25 | $32.3M | $-15.4M | ||
| Q2 25 | $-1.9M | $-16.6M | ||
| Q1 25 | $28.9M | $-33.5M | ||
| Q4 24 | $14.8M | $-57.2M | ||
| Q3 24 | $62.6M | $-22.6M | ||
| Q2 24 | $25.6M | $-10.2M | ||
| Q1 24 | $-5.3M | $-20.0M |
| Q4 25 | $9.1M | — | ||
| Q3 25 | $26.6M | — | ||
| Q2 25 | $-9.3M | — | ||
| Q1 25 | $23.2M | — | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $57.6M | — | ||
| Q2 24 | $16.8M | — | ||
| Q1 24 | $-11.9M | — |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | -3.1% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 19.1% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | -3.8% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.2% | 0.0% | ||
| Q3 24 | 1.6% | 0.0% | ||
| Q2 24 | 3.0% | 0.0% | ||
| Q1 24 | 2.1% | 0.0% |
| Q4 25 | 1.60× | — | ||
| Q3 25 | 5.71× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.23× | — | ||
| Q3 24 | 11.08× | — | ||
| Q2 24 | 4.37× | — | ||
| Q1 24 | -1.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
