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Side-by-side financial comparison of P3 Health Partners Inc. (PIII) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). 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 $221.4M, roughly 1.7× UNIVERSAL TECHNICAL INSTITUTE INC). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 0.2% vs -19.6%, a 19.8% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (6.7% vs 3.8%). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (11.7% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
PIII vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $384.8M | $221.4M |
| Net Profit | $-75.5M | $433.0K |
| Gross Margin | — | — |
| Operating Margin | -40.0% | 0.2% |
| Net Margin | -19.6% | 0.2% |
| Revenue YoY | 3.8% | 6.7% |
| Net Profit YoY | -28.8% | -60.5% |
| EPS (diluted) | $-23.08 | $0.01 |
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 | — | $221.4M | ||
| Q4 25 | $384.8M | $220.8M | ||
| Q3 25 | $345.3M | $222.4M | ||
| Q2 25 | $355.8M | $204.3M | ||
| Q1 25 | $373.2M | $207.4M | ||
| Q4 24 | $370.7M | $201.4M | ||
| Q3 24 | $362.1M | $196.4M | ||
| Q2 24 | $379.2M | $177.5M |
| Q1 26 | — | $433.0K | ||
| Q4 25 | $-75.5M | $12.8M | ||
| Q3 25 | $-31.6M | $18.8M | ||
| Q2 25 | $-20.4M | $10.7M | ||
| Q1 25 | $-20.5M | $11.4M | ||
| Q4 24 | $-58.6M | $22.2M | ||
| Q3 24 | $-46.5M | $18.8M | ||
| Q2 24 | $-12.0M | $5.0M |
| Q1 26 | — | 0.2% | ||
| Q4 25 | -40.0% | 7.1% | ||
| Q3 25 | -12.8% | 11.2% | ||
| Q2 25 | -9.6% | 6.9% | ||
| Q1 25 | -10.2% | 8.1% | ||
| Q4 24 | -37.4% | 13.6% | ||
| Q3 24 | -29.5% | 13.3% | ||
| Q2 24 | -8.3% | 4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | -19.6% | 5.8% | ||
| Q3 25 | -9.1% | 8.4% | ||
| Q2 25 | -5.7% | 5.2% | ||
| Q1 25 | -5.5% | 5.5% | ||
| Q4 24 | -15.8% | 11.0% | ||
| Q3 24 | -12.8% | 9.6% | ||
| Q2 24 | -3.2% | 2.8% |
| Q1 26 | — | $0.01 | ||
| Q4 25 | $-23.08 | $0.23 | ||
| Q3 25 | $-9.67 | $0.33 | ||
| Q2 25 | $-6.23 | $0.19 | ||
| Q1 25 | $-6.28 | $0.21 | ||
| Q4 24 | $-23.13 | $0.40 | ||
| Q3 24 | $-15.70 | $0.35 | ||
| Q2 24 | $-7.37 | $0.09 |
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 | $162.0M |
| Total DebtLower is stronger | $228.4M | $127.8M |
| Stockholders' EquityBook value | $-155.2M | $339.9M |
| Total Assets | $656.6M | $852.2M |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $162.0M | ||
| Q4 25 | $25.0M | $162.8M | ||
| Q3 25 | $37.7M | $169.1M | ||
| Q2 25 | $38.6M | $70.7M | ||
| Q1 25 | $40.1M | $96.0M | ||
| Q4 24 | $38.8M | $172.0M | ||
| Q3 24 | $63.0M | $161.9M | ||
| Q2 24 | $73.1M | $115.5M |
| Q1 26 | — | $127.8M | ||
| Q4 25 | $228.4M | $101.4M | ||
| Q3 25 | $252.8M | $87.1M | ||
| Q2 25 | $182.0M | $73.8M | ||
| Q1 25 | $171.1M | $94.4M | ||
| Q4 24 | $108.9M | $120.1M | ||
| Q3 24 | $133.2M | $125.7M | ||
| Q2 24 | $133.1M | $137.3M |
| Q1 26 | — | $339.9M | ||
| Q4 25 | $-155.2M | $335.9M | ||
| Q3 25 | $-18.7M | $328.1M | ||
| Q2 25 | $44.5M | $306.8M | ||
| Q1 25 | $63.3M | $293.9M | ||
| Q4 24 | $75.9M | $280.0M | ||
| Q3 24 | $120.5M | $260.2M | ||
| Q2 24 | $166.8M | $239.4M |
| Q1 26 | — | $852.2M | ||
| Q4 25 | $656.6M | $834.0M | ||
| Q3 25 | $683.6M | $826.1M | ||
| Q2 25 | $731.6M | $740.8M | ||
| Q1 25 | $783.9M | $720.4M | ||
| Q4 24 | $783.4M | $753.8M | ||
| Q3 24 | $833.3M | $744.6M | ||
| Q2 24 | $892.8M | $706.0M |
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | 4.09× | 0.24× | ||
| Q1 25 | 2.71× | 0.32× | ||
| Q4 24 | 1.43× | 0.43× | ||
| Q3 24 | 1.11× | 0.48× | ||
| Q2 24 | 0.80× | 0.57× |
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 | $7.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 16.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-25.7M | $3.1M | ||
| Q3 25 | $-15.4M | $57.1M | ||
| Q2 25 | $-16.6M | $18.1M | ||
| Q1 25 | $-33.5M | $-789.0K | ||
| Q4 24 | $-57.2M | $23.0M | ||
| Q3 24 | $-22.6M | $67.5M | ||
| Q2 24 | $-10.2M | $10.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-19.2M | ||
| Q3 25 | — | $40.6M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $-11.7M | ||
| Q4 24 | — | $19.6M | ||
| Q3 24 | — | $60.0M | ||
| Q2 24 | — | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -8.7% | ||
| Q3 25 | — | 18.3% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 30.6% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 0.0% | 1.7% | ||
| Q3 24 | 0.0% | 3.8% | ||
| Q2 24 | 0.0% | 4.0% |
| Q1 26 | — | 16.33× | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 3.58× | ||
| Q2 24 | — | 2.01× |
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% |
UTI
Segment breakdown not available.
