vs
P3 Health Partners Inc.（PIII）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是P3 Health Partners Inc.的1.7倍（$663.0M vs $384.8M），Reddit, Inc.净利率更高（30.8% vs -19.6%，领先50.4%），Reddit, Inc.同比增速更快（69.0% vs 3.8%），过去两年Reddit, Inc.的营收复合增速更高（53.6% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
PIII vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.7倍
$384.8M
营收增速更快
RDDT
高出65.2%
3.8%
净利率更高
RDDT
高出50.4%
-19.6%
两年增速更快
RDDT
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $384.8M | $663.0M |
| 净利润 | $-75.5M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | -40.0% | 0.0% |
| 净利率 | -19.6% | 30.8% |
| 营收同比 | 3.8% | 69.0% |
| 净利润同比 | -28.8% | 680.0% |
| 每股收益（稀释后） | $-23.08 | $1.01 |
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PIIIRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $384.8M | $725.6M | ||
| Q3 25 | $345.3M | $584.9M | ||
| Q2 25 | $355.8M | $499.6M | ||
| Q1 25 | $373.2M | $392.4M | ||
| Q4 24 | $370.7M | $427.7M | ||
| Q3 24 | $362.1M | $348.4M | ||
| Q2 24 | $379.2M | $281.2M |
净利润PIIIRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $-75.5M | $251.6M | ||
| Q3 25 | $-31.6M | $162.7M | ||
| Q2 25 | $-20.4M | $89.3M | ||
| Q1 25 | $-20.5M | $26.2M | ||
| Q4 24 | $-58.6M | $71.0M | ||
| Q3 24 | $-46.5M | $29.9M | ||
| Q2 24 | $-12.0M | $-10.1M |
毛利率PIIIRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率PIIIRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | -40.0% | 31.9% | ||
| Q3 25 | -12.8% | 23.7% | ||
| Q2 25 | -9.6% | 13.6% | ||
| Q1 25 | -10.2% | 1.0% | ||
| Q4 24 | -37.4% | 12.4% | ||
| Q3 24 | -29.5% | 2.0% | ||
| Q2 24 | -8.3% | -11.0% |
净利率PIIIRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | -19.6% | 34.7% | ||
| Q3 25 | -9.1% | 27.8% | ||
| Q2 25 | -5.7% | 17.9% | ||
| Q1 25 | -5.5% | 6.7% | ||
| Q4 24 | -15.8% | 16.6% | ||
| Q3 24 | -12.8% | 8.6% | ||
| Q2 24 | -3.2% | -3.6% |
每股收益（稀释后）PIIIRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $-23.08 | $1.24 | ||
| Q3 25 | $-9.67 | $0.80 | ||
| Q2 25 | $-6.23 | $0.45 | ||
| Q1 25 | $-6.28 | $0.13 | ||
| Q4 24 | $-23.13 | $4.76 | ||
| Q3 24 | $-15.70 | $0.16 | ||
| Q2 24 | $-7.37 | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | $228.4M | — |
| 股东权益账面价值 | $-155.2M | $3.2B |
| 总资产 | $656.6M | $3.5B |
| 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PIIIRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $25.0M | $953.6M | ||
| Q3 25 | $37.7M | $911.7M | ||
| Q2 25 | $38.6M | $734.1M | ||
| Q1 25 | $40.1M | $635.7M | ||
| Q4 24 | $38.8M | $562.1M | ||
| Q3 24 | $63.0M | $515.9M | ||
| Q2 24 | $73.1M | $468.0M |
总债务PIIIRDDT
| Q1 26 | — | — | ||
| 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 | — |
股东权益PIIIRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $-155.2M | $2.9B | ||
| Q3 25 | $-18.7M | $2.6B | ||
| Q2 25 | $44.5M | $2.4B | ||
| Q1 25 | $63.3M | $2.2B | ||
| Q4 24 | $75.9M | $2.1B | ||
| Q3 24 | $120.5M | $2.0B | ||
| Q2 24 | $166.8M | $1.9B |
总资产PIIIRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $656.6M | $3.2B | ||
| Q3 25 | $683.6M | $2.9B | ||
| Q2 25 | $731.6M | $2.6B | ||
| Q1 25 | $783.9M | $2.4B | ||
| Q4 24 | $783.4M | $2.3B | ||
| Q3 24 | $833.3M | $2.2B | ||
| Q2 24 | $892.8M | $2.1B |
负债/权益比PIIIRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.09× | — | ||
| Q1 25 | 2.71× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 0.80× | — |
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 | — | $311.0M |
| 自由现金流率自由现金流/营收 | — | 46.9% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $868.6M |
8季度趋势，按日历期对齐
经营现金流PIIIRDDT
| Q1 26 | — | — | ||
| Q4 25 | $-25.7M | $266.8M | ||
| Q3 25 | $-15.4M | $185.2M | ||
| Q2 25 | $-16.6M | $111.3M | ||
| Q1 25 | $-33.5M | $127.6M | ||
| Q4 24 | $-57.2M | $90.0M | ||
| Q3 24 | $-22.6M | $71.6M | ||
| Q2 24 | $-10.2M | $28.4M |
自由现金流PIIIRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | — | $263.6M | ||
| Q3 25 | — | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $70.3M | ||
| Q2 24 | — | $27.2M |
自由现金流率PIIIRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 9.7% |
资本支出强度PIIIRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 0.4% |
现金转化率PIIIRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 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% |
RDDT
暂无分部数据
