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Side-by-side financial comparison of Privia Health Group, Inc. (PRVA) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $541.2M, roughly 1.9× Privia Health Group, Inc.). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 2.0%, a 16.6% gap on every dollar of revenue. On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (22.3% vs 11.0%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $163.4M). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (13.2% CAGR vs 7.8%).

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

PRVA vs WES — Head-to-Head

Bigger by revenue
WES
WES
1.9× larger
WES
$1.0B
$541.2M
PRVA
Growing faster (revenue YoY)
PRVA
PRVA
+11.3% gap
PRVA
22.3%
11.0%
WES
Higher net margin
WES
WES
16.6% more per $
WES
18.5%
2.0%
PRVA
More free cash flow
WES
WES
$172.0M more FCF
WES
$335.4M
$163.4M
PRVA
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
13.2%
7.8%
WES

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PRVA
PRVA
WES
WES
Revenue
$541.2M
$1.0B
Net Profit
$10.6M
$190.7M
Gross Margin
83.7%
Operating Margin
6.3%
29.7%
Net Margin
2.0%
18.5%
Revenue YoY
22.3%
11.0%
Net Profit YoY
108.0%
-42.8%
EPS (diluted)
$0.07

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
PRVA
PRVA
WES
WES
Q1 26
$541.2M
Q4 25
$541.2M
$1.0B
Q3 25
$580.4M
$952.3M
Q2 25
$521.2M
$942.1M
Q1 25
$480.1M
$916.9M
Q4 24
$460.9M
$928.4M
Q3 24
$437.9M
$883.1M
Q2 24
$422.3M
$905.4M
Net Profit
PRVA
PRVA
WES
WES
Q1 26
$10.6M
Q4 25
$9.2M
$190.7M
Q3 25
$6.9M
$339.6M
Q2 25
$2.7M
$341.7M
Q1 25
$4.2M
$309.0M
Q4 24
$4.4M
$333.6M
Q3 24
$3.5M
$288.5M
Q2 24
$3.5M
$378.6M
Gross Margin
PRVA
PRVA
WES
WES
Q1 26
83.7%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
PRVA
PRVA
WES
WES
Q1 26
6.3%
Q4 25
2.1%
29.7%
Q3 25
2.5%
46.4%
Q2 25
0.6%
47.2%
Q1 25
1.1%
44.7%
Q4 24
1.1%
45.9%
Q3 24
1.3%
44.8%
Q2 24
1.2%
51.9%
Net Margin
PRVA
PRVA
WES
WES
Q1 26
2.0%
Q4 25
1.7%
18.5%
Q3 25
1.2%
35.7%
Q2 25
0.5%
36.3%
Q1 25
0.9%
33.7%
Q4 24
1.0%
35.9%
Q3 24
0.8%
32.7%
Q2 24
0.8%
41.8%
EPS (diluted)
PRVA
PRVA
WES
WES
Q1 26
$0.07
Q4 25
$0.08
Q3 25
$0.05
Q2 25
$0.02
Q1 25
$0.03
Q4 24
$0.03
Q3 24
$0.03
Q2 24
$0.03

Balance Sheet & Financial Strength

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

Metric
PRVA
PRVA
WES
WES
Cash + ST InvestmentsLiquidity on hand
$479.7M
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$790.9M
Total Assets
$1.4B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRVA
PRVA
WES
WES
Q1 26
$479.7M
Q4 25
$479.7M
$819.5M
Q3 25
$441.4M
$177.3M
Q2 25
$390.1M
$129.7M
Q1 25
$469.3M
$448.4M
Q4 24
$491.1M
$1.1B
Q3 24
$422.0M
$1.1B
Q2 24
$387.4M
$344.1M
Total Debt
PRVA
PRVA
WES
WES
Q1 26
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Stockholders' Equity
PRVA
PRVA
WES
WES
Q1 26
$790.9M
Q4 25
$737.2M
Q3 25
$709.1M
Q2 25
$682.9M
Q1 25
$659.4M
Q4 24
$635.2M
Q3 24
$614.9M
Q2 24
$595.4M
Total Assets
PRVA
PRVA
WES
WES
Q1 26
$1.4B
Q4 25
$1.4B
$15.0B
Q3 25
$1.4B
$12.1B
Q2 25
$1.3B
$12.2B
Q1 25
$1.2B
$12.5B
Q4 24
$1.1B
$13.1B
Q3 24
$1.1B
$13.0B
Q2 24
$1.1B
$12.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRVA
PRVA
WES
WES
Operating Cash FlowLast quarter
$163.4M
$557.6M
Free Cash FlowOCF − Capex
$163.4M
$335.4M
FCF MarginFCF / Revenue
30.2%
32.6%
Capex IntensityCapex / Revenue
0.0%
21.6%
Cash ConversionOCF / Net Profit
15.44×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRVA
PRVA
WES
WES
Q1 26
$163.4M
Q4 25
$127.5M
$557.6M
Q3 25
$52.0M
$570.2M
Q2 25
$8.0M
$564.0M
Q1 25
$-24.1M
$530.8M
Q4 24
$74.8M
$554.4M
Q3 24
$33.2M
$551.3M
Q2 24
$34.5M
$631.4M
Free Cash Flow
PRVA
PRVA
WES
WES
Q1 26
$163.4M
Q4 25
$335.4M
Q3 25
$385.5M
Q2 25
$385.4M
Q1 25
$388.4M
Q4 24
$315.7M
Q3 24
$361.9M
Q2 24
$419.6M
FCF Margin
PRVA
PRVA
WES
WES
Q1 26
30.2%
Q4 25
32.6%
Q3 25
40.5%
Q2 25
40.9%
Q1 25
42.4%
Q4 24
34.0%
Q3 24
41.0%
Q2 24
46.3%
Capex Intensity
PRVA
PRVA
WES
WES
Q1 26
0.0%
Q4 25
21.6%
Q3 25
19.4%
Q2 25
19.0%
Q1 25
15.5%
Q4 24
25.7%
Q3 24
21.5%
Q2 24
23.4%
Cash Conversion
PRVA
PRVA
WES
WES
Q1 26
15.44×
Q4 25
13.93×
2.92×
Q3 25
7.58×
1.68×
Q2 25
2.97×
1.65×
Q1 25
-5.70×
1.72×
Q4 24
17.00×
1.66×
Q3 24
9.38×
1.91×
Q2 24
9.94×
1.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRVA
PRVA

FFS-patient care$364.4M67%
Capitated revenue$71.3M13%
Other$49.4M9%
FFS-administrative services$36.0M7%
Care management fees (PMPM)$20.0M4%

WES
WES

Segment breakdown not available.

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