Filing Flows › Comparisons › PIII vs PNTG
P3 Health Partners vs Pennant Group: PIII and PNTG compared
P3 Health Partners is the larger company: $386M of revenue in its latest quarter (Q2 2026) against $302M for Pennant Group (Q3 2026). Pennant Group is growing faster (+32% against +9% a year earlier). P3 Health Partners is more profitable, with an operating margin of 10.7% against 5.5%.
Where the money goes: PIII and PNTG
P3 Health Partners (PIII) · Q2 2026
P3 Health Partners, Q2 2026: revenue $386M (+9% year over year), operating margin 10.7%, net earnings $7.4M, operating cash flow −$61.9M. The chart follows the revenue to costs, profit and cash.
Pennant Group (PNTG) · Q3 2026
Pennant Group, Q3 2026: revenue $302M (+32% year over year), operating margin 5.5%, net earnings $9.6M, operating cash flow $25.1M. The chart follows the revenue to costs, profit and cash.
| P3 Health Partners (PIII) | Pennant Group (PNTG) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $386M | $302M |
| Revenue growth, Y/Y | +9% | +32% |
| Operating margin | 10.7% | 5.5% |
| Net earnings | $7.4M | $9.6M |
| Net margin | 1.9% | 3.2% |
| Operating cash flow | −$61.9M | $25.1M |
| Free cash flow | — | $10.1M |
| Market value | $815M | — |
| Analysts’ mean target | $18.00 | — |
Where the revenue comes from
P3 Health Partners
- Capitated revenue: $366M (95%)
- Other patient service revenue: $20.0M (5%)
Questions
Which is bigger, P3 Health Partners or Pennant Group?
P3 Health Partners is the larger company: $386M of revenue in its latest quarter (Q2 2026) against $302M for Pennant Group (Q3 2026).
Is P3 Health Partners or Pennant Group growing faster?
Pennant Group is growing faster (+32% against +9% a year earlier).
Which is more profitable, P3 Health Partners or Pennant Group?
P3 Health Partners is more profitable, with an operating margin of 10.7% against 5.5%.
More: P3 Health Partners earnings · how P3 Health Partners makes money · Pennant Group earnings · how Pennant Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.