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Side-by-side financial comparison of PROSPERITY BANCSHARES INC (PB) 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 $367.6M, roughly 1.0× PROSPERITY BANCSHARES INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs -19.6%, a 51.3% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% CAGR vs -0.5%).
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
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.
PB vs PIII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $367.6M | $384.8M |
| Net Profit | $116.3M | $-75.5M |
| Gross Margin | — | — |
| Operating Margin | — | -40.0% |
| Net Margin | 31.6% | -19.6% |
| Revenue YoY | — | 3.8% |
| Net Profit YoY | -10.7% | -28.8% |
| EPS (diluted) | $1.16 | $-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 | $367.6M | — | ||
| Q4 25 | $275.0M | $384.8M | ||
| Q3 25 | $273.4M | $345.3M | ||
| Q2 25 | $267.7M | $355.8M | ||
| Q1 25 | $265.4M | $373.2M | ||
| Q4 24 | $267.8M | $370.7M | ||
| Q3 24 | $261.7M | $362.1M | ||
| Q2 24 | $258.8M | $379.2M |
| Q1 26 | $116.3M | — | ||
| Q4 25 | $139.9M | $-75.5M | ||
| Q3 25 | $137.6M | $-31.6M | ||
| Q2 25 | $135.2M | $-20.4M | ||
| Q1 25 | $130.2M | $-20.5M | ||
| Q4 24 | $130.1M | $-58.6M | ||
| Q3 24 | $127.3M | $-46.5M | ||
| Q2 24 | $111.6M | $-12.0M |
| Q1 26 | — | — | ||
| Q4 25 | 65.1% | -40.0% | ||
| Q3 25 | 64.4% | -12.8% | ||
| Q2 25 | 64.3% | -9.6% | ||
| Q1 25 | 62.7% | -10.2% | ||
| Q4 24 | 62.0% | -37.4% | ||
| Q3 24 | 62.1% | -29.5% | ||
| Q2 24 | 55.2% | -8.3% |
| Q1 26 | 31.6% | — | ||
| Q4 25 | 50.9% | -19.6% | ||
| Q3 25 | 50.3% | -9.1% | ||
| Q2 25 | 50.5% | -5.7% | ||
| Q1 25 | 49.1% | -5.5% | ||
| Q4 24 | 48.6% | -15.8% | ||
| Q3 24 | 48.6% | -12.8% | ||
| Q2 24 | 43.1% | -3.2% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $1.48 | $-23.08 | ||
| Q3 25 | $1.45 | $-9.67 | ||
| Q2 25 | $1.42 | $-6.23 | ||
| Q1 25 | $1.37 | $-6.28 | ||
| Q4 24 | $1.36 | $-23.13 | ||
| Q3 24 | $1.34 | $-15.70 | ||
| Q2 24 | $1.17 | $-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 | $8.2B | $-155.2M |
| Total Assets | $43.6B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $25.0M | ||
| Q3 25 | — | $37.7M | ||
| Q2 25 | — | $38.6M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $38.8M | ||
| Q3 24 | — | $63.0M | ||
| Q2 24 | — | $73.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $228.4M | ||
| Q3 25 | — | $252.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | — | $108.9M | ||
| Q3 24 | — | $133.2M | ||
| Q2 24 | — | $133.1M |
| Q1 26 | $8.2B | — | ||
| Q4 25 | $7.6B | $-155.2M | ||
| Q3 25 | $7.7B | $-18.7M | ||
| Q2 25 | $7.6B | $44.5M | ||
| Q1 25 | $7.5B | $63.3M | ||
| Q4 24 | $7.4B | $75.9M | ||
| Q3 24 | $7.4B | $120.5M | ||
| Q2 24 | $7.3B | $166.8M |
| Q1 26 | $43.6B | — | ||
| Q4 25 | $38.5B | $656.6M | ||
| Q3 25 | $38.3B | $683.6M | ||
| Q2 25 | $38.4B | $731.6M | ||
| Q1 25 | $38.8B | $783.9M | ||
| Q4 24 | $39.6B | $783.4M | ||
| Q3 24 | $40.1B | $833.3M | ||
| Q2 24 | $39.8B | $892.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.09× | ||
| Q1 25 | — | 2.71× | ||
| Q4 24 | — | 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 | $78.3M | $-25.7M | ||
| Q3 25 | $194.8M | $-15.4M | ||
| Q2 25 | $98.2M | $-16.6M | ||
| Q1 25 | $178.2M | $-33.5M | ||
| Q4 24 | $-205.8M | $-57.2M | ||
| Q3 24 | $274.6M | $-22.6M | ||
| Q2 24 | $216.5M | $-10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $68.5M | — | ||
| Q3 25 | $185.7M | — | ||
| Q2 25 | $91.8M | — | ||
| Q1 25 | $171.1M | — | ||
| Q4 24 | $-210.7M | — | ||
| Q3 24 | $270.2M | — | ||
| Q2 24 | $211.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 24.9% | — | ||
| Q3 25 | 67.9% | — | ||
| Q2 25 | 34.3% | — | ||
| Q1 25 | 64.5% | — | ||
| Q4 24 | -78.7% | — | ||
| Q3 24 | 103.3% | — | ||
| Q2 24 | 81.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 1.8% | 0.0% | ||
| Q3 24 | 1.7% | 0.0% | ||
| Q2 24 | 1.8% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | -1.58× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 1.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
