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P3 Health Partners Inc.（PIII）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
P3 Health Partners Inc.的季度营收约是LiveRamp Holdings, Inc.的1.8倍（$384.8M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -19.6%，领先38.4%），LiveRamp Holdings, Inc.同比增速更快（8.6% vs 3.8%），过去两年LiveRamp Holdings, Inc.的营收复合增速更高（11.1% vs -0.5%）
P3 Health Partners Inc.是一家总部位于美国的人口健康管理与价值型医疗服务企业，与基层医疗机构及医疗系统合作，为包括联邦医保优势计划参保者在内的人群提供协同优质医疗服务，致力于提升诊疗效果、降低不必要的医疗开支。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
PIII vs RAMP — 直观对比
营收规模更大
PIII
是对方的1.8倍
$212.2M
营收增速更快
RAMP
高出4.8%
3.8%
净利率更高
RAMP
高出38.4%
-19.6%
两年增速更快
RAMP
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $384.8M | $212.2M |
| 净利润 | $-75.5M | $39.9M |
| 毛利率 | — | 71.9% |
| 营业利润率 | -40.0% | 18.6% |
| 净利率 | -19.6% | 18.8% |
| 营收同比 | 3.8% | 8.6% |
| 净利润同比 | -28.8% | 255.7% |
| 每股收益（稀释后） | $-23.08 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PIIIRAMP
| Q4 25 | $384.8M | $212.2M | ||
| Q3 25 | $345.3M | $199.8M | ||
| Q2 25 | $355.8M | $194.8M | ||
| Q1 25 | $373.2M | $188.7M | ||
| Q4 24 | $370.7M | $195.4M | ||
| Q3 24 | $362.1M | $185.5M | ||
| Q2 24 | $379.2M | $176.0M | ||
| Q1 24 | $388.5M | $171.9M |
净利润PIIIRAMP
| Q4 25 | $-75.5M | $39.9M | ||
| Q3 25 | $-31.6M | $27.4M | ||
| Q2 25 | $-20.4M | $7.7M | ||
| Q1 25 | $-20.5M | $-6.3M | ||
| Q4 24 | $-58.6M | $11.2M | ||
| Q3 24 | $-46.5M | $1.7M | ||
| Q2 24 | $-12.0M | $-7.5M | ||
| Q1 24 | $-18.7M | $-5.4M |
毛利率PIIIRAMP
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率PIIIRAMP
| Q4 25 | -40.0% | 18.6% | ||
| Q3 25 | -12.8% | 10.7% | ||
| Q2 25 | -9.6% | 3.7% | ||
| Q1 25 | -10.2% | -6.1% | ||
| Q4 24 | -37.4% | 7.5% | ||
| Q3 24 | -29.5% | 4.0% | ||
| Q2 24 | -8.3% | -3.0% | ||
| Q1 24 | -11.3% | -8.3% |
净利率PIIIRAMP
| Q4 25 | -19.6% | 18.8% | ||
| Q3 25 | -9.1% | 13.7% | ||
| Q2 25 | -5.7% | 4.0% | ||
| Q1 25 | -5.5% | -3.3% | ||
| Q4 24 | -15.8% | 5.7% | ||
| Q3 24 | -12.8% | 0.9% | ||
| Q2 24 | -3.2% | -4.3% | ||
| Q1 24 | -4.8% | -3.1% |
每股收益（稀释后）PIIIRAMP
| Q4 25 | $-23.08 | $0.62 | ||
| Q3 25 | $-9.67 | $0.42 | ||
| Q2 25 | $-6.23 | $0.12 | ||
| Q1 25 | $-6.28 | $-0.10 | ||
| Q4 24 | $-23.13 | $0.17 | ||
| Q3 24 | $-15.70 | $0.03 | ||
| Q2 24 | $-7.37 | $-0.11 | ||
| Q1 24 | $-7.86 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $25.0M | $403.4M |
| 总债务越低越好 | $228.4M | — |
| 股东权益账面价值 | $-155.2M | $962.3M |
| 总资产 | $656.6M | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PIIIRAMP
| Q4 25 | $25.0M | $403.4M | ||
| Q3 25 | $37.7M | $376.9M | ||
| Q2 25 | $38.6M | $371.1M | ||
| Q1 25 | $40.1M | $420.8M | ||
| Q4 24 | $38.8M | $384.3M | ||
| Q3 24 | $63.0M | $348.4M | ||
| Q2 24 | $73.1M | $342.7M | ||
| Q1 24 | $27.3M | $368.9M |
总债务PIIIRAMP
| 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 | — |
股东权益PIIIRAMP
| Q4 25 | $-155.2M | $962.3M | ||
| Q3 25 | $-18.7M | $943.8M | ||
| Q2 25 | $44.5M | $947.8M | ||
| Q1 25 | $63.3M | $948.9M | ||
| Q4 24 | $75.9M | $957.7M | ||
| Q3 24 | $120.5M | $932.1M | ||
| Q2 24 | $166.8M | $951.9M | ||
| Q1 24 | $146.6M | $949.1M |
总资产PIIIRAMP
| Q4 25 | $656.6M | $1.3B | ||
| Q3 25 | $683.6M | $1.2B | ||
| Q2 25 | $731.6M | $1.2B | ||
| Q1 25 | $783.9M | $1.3B | ||
| Q4 24 | $783.4M | $1.3B | ||
| Q3 24 | $833.3M | $1.2B | ||
| Q2 24 | $892.8M | $1.2B | ||
| Q1 24 | $855.9M | $1.2B |
负债/权益比PIIIRAMP
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-25.7M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PIIIRAMP
| Q4 25 | $-25.7M | — | ||
| Q3 25 | $-15.4M | $57.4M | ||
| Q2 25 | $-16.6M | $-15.8M | ||
| Q1 25 | $-33.5M | — | ||
| Q4 24 | $-57.2M | $45.1M | ||
| Q3 24 | $-22.6M | $55.6M | ||
| Q2 24 | $-10.2M | $-9.3M | ||
| Q1 24 | $-20.0M | — |
自由现金流PIIIRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
自由现金流率PIIIRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
资本支出强度PIIIRAMP
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.0% | 1.0% |
现金转化率PIIIRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
RAMP
暂无分部数据
