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Side-by-side financial comparison of P3 Health Partners Inc. (PIII) and SIMMONS FIRST NATIONAL CORP (SFNC). 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 $197.3M, roughly 2.0× SIMMONS FIRST NATIONAL CORP). On growth, SIMMONS FIRST NATIONAL CORP posted the faster year-over-year revenue change (19.6% vs 3.8%). Over the past eight quarters, SIMMONS FIRST NATIONAL CORP's revenue compounded faster (0.6% CAGR vs -0.5%).
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.
Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.
PIII vs SFNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $384.8M | $197.3M |
| Net Profit | $-75.5M | — |
| Gross Margin | — | — |
| Operating Margin | -40.0% | — |
| Net Margin | -19.6% | — |
| Revenue YoY | 3.8% | 19.6% |
| Net Profit YoY | -28.8% | — |
| EPS (diluted) | $-23.08 | $0.36 |
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 | $384.8M | $197.3M | ||
| Q3 25 | $345.3M | $186.7M | ||
| Q2 25 | $355.8M | $214.2M | ||
| Q1 25 | $373.2M | $209.6M | ||
| Q4 24 | $370.7M | $208.5M | ||
| Q3 24 | $362.1M | $174.8M | ||
| Q2 24 | $379.2M | $197.2M | ||
| Q1 24 | $388.5M | $195.1M |
| Q4 25 | $-75.5M | — | ||
| Q3 25 | $-31.6M | $-562.8M | ||
| Q2 25 | $-20.4M | $54.8M | ||
| Q1 25 | $-20.5M | $32.4M | ||
| Q4 24 | $-58.6M | — | ||
| Q3 24 | $-46.5M | $24.7M | ||
| Q2 24 | $-12.0M | $40.8M | ||
| Q1 24 | $-18.7M | $38.9M |
| Q4 25 | -40.0% | — | ||
| Q3 25 | -12.8% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -10.2% | — | ||
| Q4 24 | -37.4% | — | ||
| Q3 24 | -29.5% | — | ||
| Q2 24 | -8.3% | — | ||
| Q1 24 | -11.3% | — |
| Q4 25 | -19.6% | — | ||
| Q3 25 | -9.1% | -301.5% | ||
| Q2 25 | -5.7% | 25.6% | ||
| Q1 25 | -5.5% | 15.5% | ||
| Q4 24 | -15.8% | — | ||
| Q3 24 | -12.8% | 14.1% | ||
| Q2 24 | -3.2% | 20.7% | ||
| Q1 24 | -4.8% | 19.9% |
| Q4 25 | $-23.08 | $0.36 | ||
| Q3 25 | $-9.67 | $-4.00 | ||
| Q2 25 | $-6.23 | $0.43 | ||
| Q1 25 | $-6.28 | $0.26 | ||
| Q4 24 | $-23.13 | $0.38 | ||
| Q3 24 | $-15.70 | $0.20 | ||
| Q2 24 | $-7.37 | $0.32 | ||
| Q1 24 | $-7.86 | $0.31 |
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 | $620.0M |
| Stockholders' EquityBook value | $-155.2M | $3.4B |
| Total Assets | $656.6M | $24.5B |
| Debt / EquityLower = less leverage | — | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $27.3M | — |
| Q4 25 | $228.4M | $620.0M | ||
| Q3 25 | $252.8M | $667.8M | ||
| Q2 25 | $182.0M | $1.0B | ||
| Q1 25 | $171.1M | $1.3B | ||
| Q4 24 | $108.9M | $1.1B | ||
| Q3 24 | $133.2M | $1.4B | ||
| Q2 24 | $133.1M | $1.7B | ||
| Q1 24 | $118.1M | $1.2B |
| Q4 25 | $-155.2M | $3.4B | ||
| Q3 25 | $-18.7M | $3.4B | ||
| Q2 25 | $44.5M | $3.5B | ||
| Q1 25 | $63.3M | $3.5B | ||
| Q4 24 | $75.9M | $3.5B | ||
| Q3 24 | $120.5M | $3.5B | ||
| Q2 24 | $166.8M | $3.5B | ||
| Q1 24 | $146.6M | $3.4B |
| Q4 25 | $656.6M | $24.5B | ||
| Q3 25 | $683.6M | $24.2B | ||
| Q2 25 | $731.6M | $26.7B | ||
| Q1 25 | $783.9M | $26.8B | ||
| Q4 24 | $783.4M | $26.9B | ||
| Q3 24 | $833.3M | $27.3B | ||
| Q2 24 | $892.8M | $27.4B | ||
| Q1 24 | $855.9M | $27.4B |
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | 4.09× | 0.28× | ||
| Q1 25 | 2.71× | 0.35× | ||
| Q4 24 | 1.43× | 0.32× | ||
| Q3 24 | 1.11× | 0.40× | ||
| Q2 24 | 0.80× | 0.50× | ||
| Q1 24 | 0.81× | 0.36× |
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 | $449.5M |
| Free Cash FlowOCF − Capex | — | $411.4M |
| FCF MarginFCF / Revenue | — | 208.5% |
| Capex IntensityCapex / Revenue | — | 19.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $717.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.7M | $449.5M | ||
| Q3 25 | $-15.4M | $223.4M | ||
| Q2 25 | $-16.6M | $77.6M | ||
| Q1 25 | $-33.5M | $32.8M | ||
| Q4 24 | $-57.2M | $425.9M | ||
| Q3 24 | $-22.6M | $199.4M | ||
| Q2 24 | $-10.2M | $86.1M | ||
| Q1 24 | $-20.0M | $57.6M |
| Q4 25 | — | $411.4M | ||
| Q3 25 | — | $216.7M | ||
| Q2 25 | — | $66.3M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $380.4M | ||
| Q3 24 | — | $187.7M | ||
| Q2 24 | — | $72.7M | ||
| Q1 24 | — | $47.7M |
| Q4 25 | — | 208.5% | ||
| Q3 25 | — | 116.1% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 182.5% | ||
| Q3 24 | — | 107.4% | ||
| Q2 24 | — | 36.9% | ||
| Q1 24 | — | 24.5% |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 0.0% | 21.8% | ||
| Q3 24 | 0.0% | 6.7% | ||
| Q2 24 | 0.0% | 6.8% | ||
| Q1 24 | 0.0% | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.06× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
SFNC
Segment breakdown not available.
