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Side-by-side financial comparison of P3 Health Partners Inc. (PIII) and UNITED FIRE GROUP INC (UFCS). 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 $365.8M, roughly 1.1× UNITED FIRE GROUP INC). On growth, UNITED FIRE GROUP INC posted the faster year-over-year revenue change (9.8% vs 3.8%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% 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.

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

PIII vs UFCS — Head-to-Head

Bigger by revenue
PIII
PIII
1.1× larger
PIII
$384.8M
$365.8M
UFCS
Growing faster (revenue YoY)
UFCS
UFCS
+6.0% gap
UFCS
9.8%
3.8%
PIII
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
-0.5%
PIII

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PIII
PIII
UFCS
UFCS
Revenue
$384.8M
$365.8M
Net Profit
$-75.5M
Gross Margin
Operating Margin
-40.0%
13.2%
Net Margin
-19.6%
Revenue YoY
3.8%
9.8%
Net Profit YoY
-28.8%
EPS (diluted)
$-23.08
$1.45

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
PIII
PIII
UFCS
UFCS
Q4 25
$384.8M
$365.8M
Q3 25
$345.3M
$354.0M
Q2 25
$355.8M
$335.5M
Q1 25
$373.2M
$331.1M
Q4 24
$370.7M
$333.2M
Q3 24
$362.1M
$323.0M
Q2 24
$379.2M
$301.2M
Q1 24
$388.5M
$296.0M
Net Profit
PIII
PIII
UFCS
UFCS
Q4 25
$-75.5M
Q3 25
$-31.6M
$39.2M
Q2 25
$-20.4M
$22.9M
Q1 25
$-20.5M
$17.7M
Q4 24
$-58.6M
Q3 24
$-46.5M
$19.7M
Q2 24
$-12.0M
$-2.7M
Q1 24
$-18.7M
$13.5M
Operating Margin
PIII
PIII
UFCS
UFCS
Q4 25
-40.0%
13.2%
Q3 25
-12.8%
13.7%
Q2 25
-9.6%
8.7%
Q1 25
-10.2%
6.6%
Q4 24
-37.4%
11.9%
Q3 24
-29.5%
7.7%
Q2 24
-8.3%
-1.3%
Q1 24
-11.3%
5.5%
Net Margin
PIII
PIII
UFCS
UFCS
Q4 25
-19.6%
Q3 25
-9.1%
11.1%
Q2 25
-5.7%
6.8%
Q1 25
-5.5%
5.3%
Q4 24
-15.8%
Q3 24
-12.8%
6.1%
Q2 24
-3.2%
-0.9%
Q1 24
-4.8%
4.6%
EPS (diluted)
PIII
PIII
UFCS
UFCS
Q4 25
$-23.08
$1.45
Q3 25
$-9.67
$1.49
Q2 25
$-6.23
$0.87
Q1 25
$-6.28
$0.67
Q4 24
$-23.13
$1.22
Q3 24
$-15.70
$0.76
Q2 24
$-7.37
$-0.11
Q1 24
$-7.86
$0.52

Balance Sheet & Financial Strength

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

Metric
PIII
PIII
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$25.0M
$156.3M
Total DebtLower is stronger
$228.4M
Stockholders' EquityBook value
$-155.2M
$941.2M
Total Assets
$656.6M
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PIII
PIII
UFCS
UFCS
Q4 25
$25.0M
$156.3M
Q3 25
$37.7M
$233.7M
Q2 25
$38.6M
$202.1M
Q1 25
$40.1M
$183.7M
Q4 24
$38.8M
$200.9M
Q3 24
$63.0M
$197.4M
Q2 24
$73.1M
$153.4M
Q1 24
$27.3M
$217.8M
Total Debt
PIII
PIII
UFCS
UFCS
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 24
$118.1M
Stockholders' Equity
PIII
PIII
UFCS
UFCS
Q4 25
$-155.2M
$941.2M
Q3 25
$-18.7M
$898.7M
Q2 25
$44.5M
$845.7M
Q1 25
$63.3M
$817.7M
Q4 24
$75.9M
$781.5M
Q3 24
$120.5M
$785.8M
Q2 24
$166.8M
$726.6M
Q1 24
$146.6M
$736.8M
Total Assets
PIII
PIII
UFCS
UFCS
Q4 25
$656.6M
$3.8B
Q3 25
$683.6M
$3.8B
Q2 25
$731.6M
$3.7B
Q1 25
$783.9M
$3.5B
Q4 24
$783.4M
$3.5B
Q3 24
$833.3M
$3.5B
Q2 24
$892.8M
$3.4B
Q1 24
$855.9M
$3.2B
Debt / Equity
PIII
PIII
UFCS
UFCS
Q4 25
Q3 25
Q2 25
4.09×
Q1 25
2.71×
Q4 24
1.43×
Q3 24
1.11×
Q2 24
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
PIII
PIII
UFCS
UFCS
Operating Cash FlowLast quarter
$-25.7M
$269.7M
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.

Operating Cash Flow
PIII
PIII
UFCS
UFCS
Q4 25
$-25.7M
$269.7M
Q3 25
$-15.4M
$60.8M
Q2 25
$-16.6M
$53.4M
Q1 25
$-33.5M
$35.7M
Q4 24
$-57.2M
$340.3M
Q3 24
$-22.6M
$56.5M
Q2 24
$-10.2M
$91.3M
Q1 24
$-20.0M
$36.2M
Capex Intensity
PIII
PIII
UFCS
UFCS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PIII
PIII
UFCS
UFCS
Q4 25
Q3 25
1.55×
Q2 25
2.33×
Q1 25
2.02×
Q4 24
Q3 24
2.86×
Q2 24
Q1 24
2.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PIII
PIII

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

UFCS
UFCS

Segment breakdown not available.

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