biote Corp. (BTMD) vs P3 Health Partners Inc. (PIII)

biote Corp. and P3 Health Partners Inc. are both Medical Care Facilities companies. P3 Health Partners Inc. is the larger, with a market value of $51.2M against $44.2M — 1.2× the size. P3 Health Partners Inc. has negative trailing earnings, so its P/E is not meaningful; biote Corp. trades at 7.8×. P3 Health Partners Inc. grew revenue faster over the last twelve months: 2.81% against −7.81%. biote Corp. has the higher net margin (3.19% vs −7.19%) and the higher return on invested capital (17.7% vs −54.2%). Across the 16 metrics below, biote Corp. leads on 11 and P3 Health Partners Inc. on 5.

Valuation

Metric BTMD PIII Medical Care Facilities median
P/E 7.75 n/m 19.16
P/S 0.19 0.02 0.90
P/B n/m n/m 2.91
Price to free cash flow 2.03 n/m 12.62
EV/EBITDA 7.52 n/m 10.06
EV/Sales 0.79 0.08 1.35
Earnings yield 12.90% (467.38%) 2.30%
Free cash flow yield 49.36% (551.07%) 4.14%

Profitability

Metric BTMD PIII Medical Care Facilities median
Gross margin 68.58% 4.70% 30.78%
Operating margin 8.04% (9.89%) 5.74%
Net margin 3.19% (7.19%) 2.32%
Free cash flow margin 9.55% (8.68%) 5.46%
Return on equity (8.55%) 461.69% 8.76%
Return on assets 5.67% (15.59%) 2.18%
Return on invested capital 17.68% (54.24%) 5.40%

Growth

Metric BTMD PIII Medical Care Facilities median
Revenue growth (TTM) (7.81%) 2.81% 7.12%
EPS growth (last fiscal year) 722.22% 16.19% —
Revenue growth, 5-year CAGR — 24.33% 9.58%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BTMD PIII Medical Care Facilities median
Debt to equity (2.09) 1.64 0.30
Current ratio 1.43 0.46 1.22
Net debt to EBITDA 2.07 (1.43) 1.32

Dividend

Metric BTMD PIII Medical Care Facilities median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric BTMD PIII Medical Care Facilities median
Market cap 44.19m 51.19m 1.34b

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