Reports

Apple delivered exceptional financial performance in Q1 2026, driven by record iPhone and Services revenue, with strong results across all geographic segments.

• Revenue reached an all-time high of $143.8 billion.
• iPhone and Services revenue hit new records.

SAP delivered a solid Q4 with increased cloud revenue, strong net income, and improved free cash flow. The company exceeded expectations on profitability and saw significant uptake in AI-driven cloud services.

• Cloud revenue rose to €5.61B, led by ERP suite demand.
• Net income increased to €1.896B in Q4.

Caterpillar delivered a strong Q4 2025 with $19.1B in revenue and $2.4B in net income. Adjusted EPS came in at $5.16, with MP&E free cash flow rising to $3.7B. Order backlog surged to a record $51.2B, although operating income declined due to higher manufacturing costs, largely driven by tariffs.

• Revenue hit $19.1B, up from $16.2B a year ago.
• Adjusted EPS came in at $5.16, slightly above last year.

Blackstone achieved strong quarterly results in Q4 2025, reporting $4.36 billion in revenue and over $1 billion in net income. The firm recorded its highest inflows in over three years and continued growing assets under management, driven by digital and energy infrastructure investments.

• Total revenues for Q4 2025 reached $4,360,272,000.
• Distributable Earnings (DE) for Q4 2025 were $2,244,809,000, or $1.75 per common share.

KLA delivered a record quarter driven by strong execution and demand in AI-related infrastructure, surpassing expectations in revenue and EPS.

• Total revenue reached $3.3 billion, setting a new quarterly record.
• GAAP EPS was $8.68, with non-GAAP EPS at $8.85, both above guidance midpoints.

Stryker concluded 2025 with an outstanding fourth quarter, achieving $7.2 billion in net sales, an 11.4% increase, and adjusted EPS of $4.47, up 11.5%. The company also expanded its adjusted operating margin by 100 basis points to 30.2%, driven by healthy procedural volumes and strong demand for capital products.

• Reported net sales increased 11.4% to $7.2 billion in Q4 2025.
• Organic net sales grew by 11.0% in the fourth quarter.

Sanofi faced a challenging quarter with declines in net income and revenues, especially in the Vaccines segment. While some new launches showed growth, overall performance lagged due to lower sales in core geographies and categories.

• Net income fell to €1.05 billion in Q4 2025, down from €1.46 billion in Q4 2024.
• Revenue declined 4.4% at CER, with significant drops in Vaccines and Consumer Healthcare.

Parker-Hannifin delivered an outstanding second quarter for fiscal year 2026, achieving record sales of $5.2 billion, a 9% increase year-over-year, with organic sales growth of 6.6%. The company also expanded its adjusted segment operating margin by 150 basis points to 27.1% and reported a record adjusted EPS of $7.65, a 17% increase. Net income was $845 million, an 11% decrease compared to the prior year due to a one-time gain from divestitures in fiscal 2025.

• Sales increased by 9% to a record $5.2 billion, with organic sales growing by 6.6% across all reported businesses.
• Adjusted segment operating margin expanded by 150 basis points to 27.1%, reflecting strong operational performance.

Lockheed Martin delivered a strong fourth quarter in 2025, with sales reaching $20.321 billion, a 9% increase year-over-year. Diluted earnings per share surged to $5.80, up from $2.22 in Q4 2024, despite a non-operational pension settlement charge. The company also reported a record backlog of $194 billion, reflecting robust demand for its capabilities.

• Sales for Q4 2025 increased by 9% to $20.321 billion, driven by higher volumes in Aeronautics and Missiles and Fire Control.
• Diluted earnings per share for Q4 2025 were $5.80, a substantial increase from $2.22 in Q4 2024, even with a pension settlement charge.

Comcast posted modest revenue growth in Q4 2025 but experienced a significant drop in net income compared to the prior year. The company reported robust free cash flow and continued growth in wireless lines. Theme Parks saw strong performance due to the opening of Epic Universe.

• Revenue rose 1.2% YoY to $32.31 billion in Q4 2025.
• Net income dropped 54.6% YoY to $2.17 billion, mainly due to a prior-year tax benefit.

Trane Technologies delivered a robust performance in the fourth quarter of 2025, exceeding revenue and EPS expectations. The company saw significant growth across its segments, driven by strong demand for its sustainable climate solutions. Operating income and net income also showed healthy increases, reflecting effective cost management and operational efficiency.

• Revenue increased by 12% to $4.8 billion, surpassing analyst estimates.
• Diluted EPS rose to $2.10, demonstrating strong profitability.

Marsh delivered a robust Q4 2025, with $6.6B in revenue and net income of $821M. EPS rose to $1.68, while adjusted EPS hit $2.12. Operating income climbed to $1.2B, with strength across both Risk & Insurance and Consulting segments.

• Q4 revenue grew to $6.6B, up 9% YoY
• Net income reached $821M in Q4

Lloyds Banking Group posted a strong Q4 2025 with higher EPS, increased net income, and continued momentum across lending and deposits. Operating income grew year-over-year, while credit performance remained stable and capital strength was reinforced by a healthy CET1 ratio.

• Q4 net income was £1.435bn, with EPS rising to 2.2p
• Net interest margin for Q4 improved to 3.10%

The Sherwin-Williams Company announced strong financial results for the fourth quarter ended December 31, 2025, with consolidated Net sales increasing by 5.6% to $5.5959 billion and adjusted diluted net income per share increasing by 6.7% to $2.23. The company's performance was bolstered by solid core operations and the first full quarter of the Suvinil acquisition.

• Consolidated Net sales increased 5.6% to $5.5959 billion in the fourth quarter of 2025.
• Diluted net income per share increased 1.1% to $1.92 in the fourth quarter of 2025.

Royal Caribbean Group delivered an outstanding fourth quarter and full year 2025, surpassing guidance with Net Income of $0.8 billion and Adjusted EPS of $2.80 for the quarter. The company experienced strong demand, record-breaking WAVE season bookings, and significant growth in both revenue and earnings, positioning it for continued double-digit growth in 2026.

• Fourth quarter 2025 results exceeded guidance, contributing to over 30% earnings growth for the full year 2025.
• The WAVE season started strong, setting a record for booking weeks and propelling momentum into 2026.

Norfolk Southern delivered strong Q4 2025 results, posting $3.0 billion in revenue and solid operational efficiency. Adjusted EPS rose to $3.22, boosted by a large land sale and productivity improvements, despite a 4% volume decline year-over-year.

• Q4 2025 revenue totaled $3.0 billion, down 2% year-over-year on a 4% volume decline.
• Net income for the quarter was approximately $735 million based on $2.87 diluted EPS and 256 million shares outstanding.

Sandisk delivered strong financial performance in Q2 2026, with a significant sequential increase in revenue, net income, and operating income, driven by robust datacenter and edge segment growth as AI infrastructure investments surged.

• Revenue rose to $3.025 billion, surpassing guidance and up 31% QoQ.
• Datacenter revenue surged 64% sequentially, driven by AI infrastructure deployments.

Arthur J. Gallagher & Co. announced excellent fourth quarter and full year 2025 financial results, with total revenues reaching $3,586 million and net earnings of $154 million for the quarter. The company achieved double-digit top-line growth for the 20th consecutive quarter, fueled by both organic growth and M&A activities, including the significant acquisition of AssuredPartners. Adjusted EBITDAC grew 30% for the quarter, and the company completed 33 mergers in 2025, adding over $3.5 billion in estimated annualized revenue.

• Total revenues for Q4 2025 were $3,586 million, up from $2,679 million in Q4 2024.
• Net earnings for Q4 2025 were $154 million, compared to $258 million in Q4 2024.

Western Digital delivered solid financial performance in Q2 2026, driven by demand in the AI data economy. Revenue rose to $3.02B with gross and operating margins expanding significantly. The company returned over 100% of free cash flow to shareholders.

• Revenue increased to $3.02 billion, up from $2.41 billion a year ago.
• GAAP net income rose to $1.80 billion from $455 million the prior year.

L3Harris delivered a stable Q4 with revenue growth and strong adjusted EPS, supported by effective cost controls and higher segment margins.

• Revenue rose to $5.648 billion in Q4 2025, up 2% year-over-year.
• Adjusted EPS increased to $2.86 from $2.60 in Q4 2024.

Valero delivered robust Q4 2025 results with net income reaching $1.1 billion and revenue holding steady. The company reported record throughput volumes and ethanol production, and continued solid performance in refining.

• Net income rose to $1.1 billion from $281 million in Q4 2024
• Adjusted EPS was $3.82, up from $0.64 last year

Nasdaq delivered robust financial performance in Q4 2025, achieving 13% revenue growth and a 27% increase in non-GAAP EPS, fueled by strength in Solutions and Market Services.

• Net revenue reached $1.392 billion, up 13% YoY
• Non-GAAP EPS rose to $0.96, a 27% YoY increase

Ameriprise Financial delivered a record fourth quarter with adjusted operating earnings per diluted share increasing 16% to $10.83, driven by continued asset growth and expense discipline. Total net revenues grew 10% to $4.96 billion, and net income was $1.008 billion. The company also reported a strong adjusted operating return on equity of 53.2%.

• Fourth quarter adjusted operating earnings per diluted share increased 16% to a record $10.83.
• Total assets under management, administration, and advisement reached a record high of $1.7 trillion, up 11%.

ResMed Inc. announced robust results for the second quarter of fiscal year 2026, with revenue increasing by 11% to $1.4228 billion and diluted earnings per share rising by 15% to $2.68. Non-GAAP diluted earnings per share also saw a 16% increase to $2.81, driven by strong sales growth and gross margin improvement.

• Revenue increased by 11% to $1.4228 billion, or 9% on a constant currency basis, driven by increased demand for sleep devices, masks, and accessories.
• Gross margin improved by 320 basis points to 61.8%, with non-GAAP gross margin up 310 basis points to 62.3%, primarily due to manufacturing and logistics efficiencies and component cost improvements.

LPL Financial delivered robust performance in Q4 2025, with revenue reaching nearly $5 billion and adjusted EPS climbing to $5.23. Net income increased to $301 million, supported by record gross profit and significant growth in advisory assets.

• Total revenue rose to $4.93 billion, up 40% YoY.
• Net income reached $301 million, up from $271 million YoY.

Tractor Supply posted Q4 2025 results with revenue of $3.9B and net income of $227M. EPS declined slightly year-over-year as discretionary spending remained soft, offset partially by strength in essential goods.

• Revenue grew 3.3% YoY to $3.9B, driven by new store openings and consumable goods.
• EPS decreased to $0.43 from $0.44 YoY.

Dover delivered a robust Q4 with revenue reaching $2.1 billion and net income of $274.8 million. Adjusted EPS climbed to $2.51, reflecting margin improvements and strong performance across key segments, particularly in Pumps & Process Solutions.

• Revenue increased 9% year-over-year to $2.1 billion in Q4.
• Net income from continuing operations rose to $274.8 million.

STMicroelectronics posted $3.33 billion in revenue and a net loss of $30 million for Q4 2025. While the company saw a year-over-year revenue increase in certain segments, overall profitability was negatively impacted by $141 million in impairment and restructuring costs.

• Revenue for Q4 2025 reached $3.33 billion, a slight year-over-year increase of 0.2%
• GAAP Net Loss was $30 million, driven by one-time charges

Dover delivered a robust Q4 with revenue reaching $2.1 billion and net income of $274.8 million. Adjusted EPS climbed to $2.51, reflecting margin improvements and strong performance across key segments, particularly in Pumps & Process Solutions.

• Revenue increased 9% year-over-year to $2.1 billion in Q4.
• Net income from continuing operations rose to $274.8 million.

International Paper experienced a significant net loss of $2.384 billion in Q4 2025, primarily due to a $2.47 billion pre-tax non-cash goodwill impairment charge related to its PS EMEA business segment. Despite this, net sales increased to $6.006 billion, and the company announced a strategic plan to separate into two independent public companies.

• Net sales for Q4 2025 were $6.006 billion, an increase from $3.922 billion in Q4 2024.
• The company reported a net loss of $2.384 billion in Q4 2025, compared to a net loss of $147 million in Q4 2024.

Weyerhaeuser Company reported fourth quarter net earnings of $74 million, or 10 cents per diluted share, on net sales of $1.5 billion. This compares with net earnings of $81 million, or 11 cents per diluted share, on net sales of $1.7 billion for the same period last year. Adjusted EBITDA for fourth quarter 2025 was $140 million, compared with $294 million for the same period last year.

• Fourth quarter net earnings were $74 million, a decrease from $81 million in the prior year.
• Adjusted EBITDA for the fourth quarter was $140 million, significantly lower than $294 million in the prior year.

Hologic reported a solid start to fiscal year 2026, with revenue slightly exceeding guidance and non-GAAP EPS at the high end of expectations. The company's Breast Health and Molecular Diagnostics segments showed strong growth, offsetting a decline in Diagnostics revenue. Management expressed confidence in achieving full-year guidance.

• Total revenue for the first quarter of fiscal 2026 was $1.025 billion, a slight increase from the previous year.
• Non-GAAP diluted EPS reached $1.05, at the high end of the company's guidance range.

Carpenter Technology posted strong Q2 FY2026 results with record operating income and notable margin expansion, driven by its Specialty Alloys Operations segment.

• Achieved record operating income of $155.2 million for the quarter.
• Adjusted EPS reached $2.33, up from $1.66 a year ago.

En Q4 2025, Brookfield Infrastructure generó $689 millones en FFO y reportó un ingreso neto atribuible a la sociedad de $457 millones. El crecimiento fue impulsado por aumentos por inflación, mayores volúmenes operativos y nuevas inversiones.

• FFO del trimestre fue $689 millones, un aumento del 6% respecto al año anterior
• Ingreso neto de $457 millones impulsado por ganancias en ventas de activos

Dow posted a $1.5 billion net loss for Q4 2025 on declining revenue and continued pricing pressure, but emphasized progress in its cost-reduction initiatives.

• Revenue declined to $9.46 billion, down from $10.41 billion in Q4 2024.
• GAAP EPS was -$2.15; non-GAAP EPS came in at -$0.34.

POSCO Holdings reported a decline in revenue and profitability as operating profit and net income fell year over year, reflecting weaker performance in rechargeable battery materials and construction despite recovery in steel.

• Revenue declined year over year amid mixed performance across business segments
• Operating profit decreased due to weaker margins in non-steel businesses

Deckers Brands achieved record revenue of $1.96 billion and diluted EPS of $3.33 in the third fiscal quarter of 2026, representing increases of 7.1% and 11% respectively, compared to the same period last year. This growth was primarily fueled by the strong performance of the UGG and HOKA brands, with HOKA sales increasing by 18.5% and UGG sales by 4.9%. The company also raised its full fiscal year 2026 guidance for HOKA and UGG revenue, diluted EPS, and share repurchases.

• Third quarter FY 2026 revenue increased 7.1% to a record $1.96 billion.
• Third quarter FY 2026 diluted EPS increased 11% to a record $3.33.

Despite flat sales, A. O. Smith delivered higher earnings and margins in Q4, driven by pricing and improved profitability in North America and India.

• Q4 net earnings rose to $125.4 million, up from $109.7 million in Q4 2024
• Adjusted EPS reached $0.90, a 6% increase from the prior year quarter

AppFolio, Inc. announced a robust fourth quarter and fiscal year 2025, with revenue growing 22% year-over-year to $248 million in Q4 and 20% for the full fiscal year to $951 million. The company demonstrated strong profitability with GAAP operating income reaching $44 million in Q4 2025, up from $23 million in Q4 2024, and non-GAAP operating income increasing to $62 million from $41 million in the same period. Net cash provided by operating activities also saw significant growth, reaching $65 million in Q4 2025.

• Fourth quarter revenue increased by 22% year-over-year, reaching $248 million.
• Total units under management grew by 8% year-over-year, totaling 9.4 million.

Oshkosh Corporation reported fourth quarter 2025 net income of $133.8 million, or $2.10 per diluted share, on sales of $2.69 billion, representing a 3.5 percent increase. Adjusted diluted earnings per share were $2.26.

• Fourth quarter 2025 sales increased by 3.5 percent to $2.69 billion, primarily driven by improved pricing in the Vocational segment and higher sales volume in the Access segment.
• Adjusted diluted earnings per share for the fourth quarter of 2025 were $2.26, reflecting robust performance in the Vocational segment.

Eastman Chemical faced a 12% decline in revenue and significant drops in EBIT and net income in Q4 2025. Despite macroeconomic pressures, the company emphasized cost-saving initiatives and strategic progress on its methanolysis facility.

• Q4 revenue declined 12% YoY, driven by lower volume and pricing
• Adjusted EPS fell to $0.75 from $1.87 in the prior year

Eagle Materials Inc. reported third-quarter fiscal 2026 revenue of $556.0 million and net earnings of $102.9 million, or $3.22 per share. The Heavy Materials sector saw significant growth, with Cement sales volume up 9% and organic Aggregates sales volume up 34%, driven by public infrastructure projects and private non-residential construction. Conversely, the Light Materials sector experienced a decline in revenue due to lower Wallboard and Paperboard sales volumes and prices.

• Revenue for the third quarter was $556.0 million, a slight decrease from the prior year.
• Net earnings were $102.9 million, with diluted EPS at $3.22.

PennyMac Financial Services, Inc. delivered a solid fourth quarter in 2025, with net income of $106.8 million and diluted earnings per share of $1.97. The company's balanced business model contributed to strong financial results for the full year, achieving double-digit earnings growth across both operating segments, driven by significant operational momentum and increased production volumes.

• Net income for Q4 2025 was $106.8 million, with diluted EPS of $1.97.
• Total net revenues reached $538.0 million in Q4 2025.

Valley National Bancorp achieved record quarterly earnings in Q4 2025, with net income reaching $195.4 million and diluted EPS at $0.33. This performance was primarily fueled by strong non-interest deposit growth, a decline in higher-cost indirect customer time deposits, and a favorable shift in earning assets towards higher-yielding loans, leading to a notable improvement in net interest margin.

• Net income for Q4 2025 increased to $195.4 million, up from $163.4 million in Q3 2025 and $115.7 million in Q4 2024.
• Diluted EPS for Q4 2025 was $0.33, compared to $0.28 in Q3 2025 and $0.20 in Q4 2024.

Kirby delivered a solid Q4 performance with revenue rising to $851.8 million and EPS reaching $1.68. Net income more than doubled year-over-year, and both marine transportation and distribution & services segments posted growth. Power generation stood out with strong revenue gains.

• Q4 revenue reached $851.8 million, up from $802.3 million in the prior year quarter.
• EPS for Q4 was $1.68, while net income grew to $91.8 million.

Dolby Laboratories announced its first quarter fiscal 2026 financial results, with total revenue reaching $347 million, a decrease from $357 million in the first quarter of fiscal 2025. GAAP net income was $53 million, or $0.55 per diluted share, down from $68 million, or $0.70 per diluted share in the prior year. Non-GAAP net income was $103 million, or $1.06 per diluted share, compared to $111 million, or $1.14 per diluted share in the first quarter of fiscal 2025.

• Total revenue for Q1 fiscal 2026 was $347 million, a decrease from $357 million in Q1 fiscal 2025.
• GAAP net income for the quarter was $53 million ($0.55 per diluted share), down from $68 million ($0.70 per diluted share) in the prior year.

TAL Education delivered a solid performance in Q3 FY2026, with net income rising sharply to $130.6 million and revenue reaching $770.2 million. Operating income returned to positive territory, and free cash flow remained robust.

• Net revenue rose to $770.2 million, up from $606.4 million last year.
• Net income attributable to TAL increased to $130.6 million, up from $23.1 million.

Ameris Bancorp announced net income of $108.4 million, or $1.59 per diluted share, for the fourth quarter of 2025, marking a significant increase from the previous year. The company achieved a return on average assets of 1.57% and a return on average tangible common equity of 14.46%. Full year 2025 net income reached $412.2 million, or $6.00 per diluted share, primarily due to a 10.3% increase in net interest income.

• Net income for Q4 2025 was $108.4 million, or $1.59 per diluted share, up from $94.4 million, or $1.37 per diluted share, in Q4 2024.
• Full year 2025 net income was $412.2 million, or $6.00 per diluted share, compared to $358.7 million, or $5.19 per diluted share, in 2024.

Allegro MicroSystems delivered strong third quarter results, with sales reaching $229 million, exceeding guidance. Non-GAAP EPS more than doubled year-over-year to $0.15, driven by robust growth in Automotive and Industrial sales, with e-Mobility showing a significant increase.

• Sales increased 29% year-over-year and 7% quarter-over-quarter to $229 million.
• Non-GAAP diluted EPS more than doubled year-over-year to $0.15.

Group 1 Automotive posted $5.58B in revenue for Q4 2025, with EPS at $3.47 and adjusted EPS at $8.49. Net income declined due to non-cash impairment charges in the U.S. business.

• Revenue for Q4 2025 was $5.58B, up 0.6% YoY
• Net income dropped to $43M due to $68.2M in impairment charges

OSI Systems announced record second quarter revenues of $464 million, an 11% year-over-year increase, and record non-GAAP diluted earnings per share of $2.58. The company's Security and Optoelectronics and Manufacturing divisions were key drivers of this growth, with strong performance and expanding global demand. The company also completed a convertible notes financing, positioning it for future growth and interest savings.

• Record Q2 revenues reached $464 million, an 11% increase year-over-year.
• Record non-GAAP diluted EPS was $2.58, reflecting a 7% increase from the previous year.

Lazard reported strong fourth-quarter and full-year 2025 results, with record full-year Financial Advisory adjusted net revenue of $1.8 billion and record full-year Asset Management inflows, leading to a 12% year-over-year increase in total AUM. The company's adjusted net revenue for the quarter was $892 million, and adjusted diluted EPS was $0.80.

• Record full-year Financial Advisory adjusted net revenue reached $1.8 billion.
• Total Assets Under Management (AUM) increased by 12% year-over-year, driven by record gross inflows in Asset Management.

CNX Resources delivered a profitable Q4 2025 with $196 million in net income, strong cash flow, and continued capital discipline. While revenue remained steady, the company faced realized losses on commodity derivatives. Nevertheless, operational efficiencies and disciplined cost management contributed to robust financials.

• Generated $196 million in net income for Q4 2025.
• Reported $132 million in free cash flow in the quarter.

Selective Insurance Group, Inc. delivered a robust performance in the fourth quarter of 2025, with net income per diluted common share of $2.52 and non-GAAP operating income per diluted common share of $2.57. The company achieved an 18.3% return on common equity and a 93.8% combined ratio, demonstrating strong underwriting profitability and effective capital management. Net premiums written increased by 4%, and after-tax net investment income grew by 17% compared to the prior year.

• Net income per diluted common share increased by 66% to $2.52, reflecting strong financial performance.
• Non-GAAP operating income per diluted common share rose by 59% to $2.57, indicating improved core business profitability.

Credit Acceptance reported sequential growth in financial results for Q4 2025, with GAAP net income of $122.0 million and adjusted net income of $126.0 million. Despite declines in loan volumes and performance, the company highlighted the resilience of its business model and commitment to maximizing intrinsic value. Key initiatives included product releases in digital credit applications and consumer self-service, aiming to strengthen dealer and consumer relationships.

• GAAP net income for Q4 2025 was $122.0 million, or $10.99 per diluted share.
• Adjusted net income for Q4 2025 was $126.0 million, or $11.35 per diluted share.

Axos Financial, Inc. announced a net income of $128.4 million and diluted EPS of $2.22 for the second fiscal quarter ended December 31, 2025. This represents a 22.6% increase in net income and a 23.3% increase in diluted EPS year-over-year. Adjusted earnings also saw a substantial rise of 23.0% to $130.2 million.

• Net interest income increased by 18.4% to $331.7 million for the quarter ended December 31, 2025, driven by strong organic loan growth and a prepayment in FDIC-purchased loans.
• Non-interest income surged by 92.0% to $53.4 million, primarily due to $18.9 million from operating lease rental and other income from the Verdant acquisition.

Cavco Industries reported a solid third fiscal quarter for 2026, with net revenue increasing by 11.3% to $581.0 million, primarily driven by growth in home sales volume and average selling price per home. Despite the revenue growth, net income and diluted EPS saw a decline, impacted by deal costs related to the American Homestar acquisition and a decrease in factory-built housing gross profit margin.

• Net revenue increased by 11.3% to $581.0 million, compared to $522.0 million in the prior year's third quarter.
• Diluted net income per share was $5.58, a decrease of 19.1% from $6.90 in the prior year quarter.

Brunswick exceeded expectations in Q4 2025, achieving notable sales and earnings growth across all segments, led by strong outboard demand and retail market recovery.

• Q4 2025 revenue reached $1.33 billion, up 16% year-over-year.
• Adjusted EPS increased to $0.58, more than double the prior year.

Schneider National's fourth quarter 2025 results fell short of guidance due to softer-than-expected market conditions, particularly in November, leading to a truncated peak season. Despite some late December improvements, tempered demand, spiking third-party carrier costs, unplanned auto production shutdowns, and heightened healthcare costs negatively impacted performance. The company is focusing on structural improvements and cost savings for 2026.

• Operating revenues increased by 5% to $1,399.6 million in Q4 2025 compared to Q4 2024.
• Income from operations decreased by 14% to $36.5 million in Q4 2025.

SkyWest, Inc. announced a net income of $91 million for Q4 2025, or $2.21 per diluted share, on revenues of $1.0 billion. This quarter's performance was impacted by $7 million, or $0.13 per diluted share, due to FAA-mandated flight cancellations.

• Q4 2025 pre-tax income was $125 million, with a net income of $91 million, or $2.21 per diluted share.
• SkyWest took delivery of five new E175 aircraft in Q4 2025 under an agreement with United Airlines.

TFS Financial posted net income of $22.3 million for Q1 2026, reflecting a modest decline from both the prior quarter and prior year. Despite a decrease in interest margins due to recent Fed rate cuts, net interest income grew YoY, and asset quality remained solid. The company continues to maintain strong capital ratios.

• Net income for Q1 2026 was $22.3 million, down from $26.0 million in the prior quarter.
• Net interest income reached $75.7 million, up $7.4 million YoY despite recent rate cuts.

Federated Hermes achieved record assets under management in Q4 2025, with higher EPS, increased net income, and growth across equity and money market asset classes.

• Q4 2025 EPS rose to $1.39 from $1.04 in Q4 2024.
• Revenue for the quarter increased to $482.8 million, up from $424.7 million last year.

Virtu Financial, Inc. announced robust financial performance for the fourth quarter ended December 31, 2025. The company reported a net income of $280.6 million, a substantial increase from $176.1 million in the prior year quarter. Basic and diluted earnings per share rose to $1.54, up from $1.03 in Q4 2024. Total revenues for the quarter reached $969.9 million, marking a 16.3% increase from $834.3 million in the same period last year. Adjusted EBITDA also saw a significant jump of 55.9% to $442.0 million.

• Net income for Q4 2025 was $280.6 million, a significant increase from $176.1 million in Q4 2024.
• Basic and diluted EPS for Q4 2025 stood at $1.54, up from $1.03 in the same period last year.

Bread Financial reported a revenue of $1.05 billion for Q4 2025, a 5% increase year-over-year, driven by strong credit sales. However, the company experienced a significant rise in its net principal loss rate to 7.5%, up from 5.5% in the prior year, impacting profitability. EPS for the quarter was $2.50.

• Revenue increased by 5% year-over-year to $1.05 billion in Q4 2025.
• Credit sales grew by 10% to $9.5 billion, indicating strong customer engagement.

Standex International reported Q2 FY26 revenue of $221.3M and net income of $20.6M, driven by strong performance in Electronics and Engineering Technologies. Adjusted operating margin expanded to 19.0%.

• Revenue grew 16.6% YoY to $221.3M, driven by new product sales and fast growth markets.
• Adjusted EPS increased to $2.08 from $1.91 in Q2 FY25.

The Bancorp reported a strong fourth quarter in 2025 with an 11% increase in diluted EPS to $1.28, driven by a NIM of 4.30%, continued fintech fee growth, and significant share repurchases. Net income reached $56.3 million, and the company saw substantial growth in consumer fintech loans and overall loan portfolio.

• Diluted EPS increased by 11% to $1.28 in 4Q 2025 compared to $1.15 in 4Q 2024.
• Net interest margin was 4.30% in 4Q 2025, a decrease from 4.55% in 4Q 2024.

Seacoast Banking delivered solid fourth quarter results with a 31% increase in net interest income, supported by strong organic loan growth and strategic acquisitions. Adjusted EPS was higher due to cost controls and increased interest income, despite integration expenses related to acquisitions.

• Net income was $34.3 million, impacted by $18.1 million in merger costs and $23.4 million in credit provisions.
• Adjusted EPS rose to $0.47 with strong pre-tax pre-provision earnings of $93.2 million.

Robert Half Inc. reported fourth-quarter 2025 revenues of $1.302 billion, a 6% decrease from the prior year, with net income falling to $32 million, or $0.32 per share. Despite the decline, the company noted positive sequential growth in talent solutions and enterprise revenues and exceeded its previous guidance.

• Fourth-quarter 2025 revenue was $1.302 billion, a 6% decrease from the fourth quarter of 2024.
• Net income for Q4 2025 was $32 million, down from $54 million in Q4 2024.

DXC Technology reported third quarter fiscal 2026 results with total revenue of $3.19 billion, a 1.0% year-over-year decrease. Despite the revenue dip, the company achieved an EBIT margin of 5.6% and an adjusted EBIT margin of 8.2%. Diluted earnings per share increased by 96.8% year-over-year to $0.61, with non-GAAP diluted earnings per share at $0.96, up 4.3% year-over-year. Free cash flow was strong at $266 million, contributing to a year-to-date total of $603 million.

• Total revenue for Q3 FY26 was $3.19 billion, a 1.0% decrease year-over-year (4.3% decrease on an organic basis).
• EBIT margin improved to 5.6%, and adjusted EBIT margin was 8.2%, reflecting disciplined execution.

Olin Corporation announced a net loss of $85.7 million, or $0.75 per diluted share, for the fourth quarter of 2025, a significant decline from a net income of $10.7 million in the same period last year. Adjusted EBITDA for the quarter was $67.7 million, down from $193.4 million in Q4 2024. Sales remained comparable year-over-year at $1,665.1 million. The company attributed the results to continued trough market conditions, customer destocking, planned maintenance, and unplanned operating events.

• Olin reported a net loss of $85.7 million in Q4 2025, a substantial decrease from a net income of $10.7 million in Q4 2024.
• Adjusted EBITDA for Q4 2025 was $67.7 million, significantly lower than $193.4 million in the prior year's fourth quarter.

Hilltop Holdings Inc. announced a robust fourth quarter and full year 2025, with income attributable to common stockholders rising to $41.6 million, or $0.69 per diluted share, for Q4 2025, up from $35.5 million in Q4 2024. The full year 2025 income reached $165.6 million, a significant increase from $113.2 million in 2024. The company also increased its quarterly cash dividend by 11% to $0.20 per common share and authorized a new $125.0 million stock repurchase program.

• Income attributable to common stockholders for Q4 2025 increased to $41.6 million, or $0.69 per diluted share, from $35.5 million in Q4 2024.
• The quarterly cash dividend was raised by 11% to $0.20 per common share, payable on February 27, 2026.

MTI posted Q4 2025 earnings with $520M in revenue and $37.1M net income. Operating income reached $62M, and free cash flow was $32M. Segment performance was mixed, with Consumer & Specialties seeing lower income while Engineered Solutions remained resilient.

• EPS for Q4 was $1.19, or $1.27 excluding special items.
• Revenue for Q4 2025 was $519.5M, flat compared to the prior year.

The company delivered steady financial performance, supported by growth in both net interest income and BaaS-related revenue through the CCBX segment, while also managing costs despite some restructuring expenses.

• Total revenue reached $138 million in Q4 2025, driven by both interest and noninterest income.
• CCBX segment generated $8.4 million in BaaS program income and $48.4 million in indemnification-related income.

ManpowerGroup delivered solid fourth-quarter results with revenues of $4.7 billion, a 7% increase year-over-year, and diluted EPS of $0.64. Excluding restructuring costs and other charges, non-GAAP EPS was $0.92. The company saw ongoing stabilization in North America and Europe, with market-leading growth in Italy and sequential improvement in France.

• Revenues for the fourth quarter increased by 7% to $4.7 billion, or 1% in constant currency, demonstrating stabilization in market trends.
• Diluted earnings per share were $0.64, a significant increase from $0.47 in the prior year period.

MaxLinear, Inc. announced a strong fourth quarter for 2025, with net revenue reaching $136.4 million, an 8% sequential increase and a 48% year-over-year jump. The company also reported a GAAP diluted loss per share of $0.17, a significant improvement from $0.52 in the prior quarter and $0.68 in the year-ago quarter. Non-GAAP diluted earnings per share stood at $0.19, up from $0.14 in the prior quarter.

• Q4 2025 net revenue was $136.4 million, marking an 8% sequential increase and a 48% year-over-year growth.
• Fiscal year 2025 net revenue reached $467.6 million, a 30% increase over fiscal year 2024.

ConnectOne Bancorp, Inc. reported a net income of $38.0 million for the fourth quarter of 2025, with diluted earnings per share of $0.75. The company's net interest margin widened by 16 basis points to 3.27%, benefiting from stable interest-earning asset rates and decreased deposit costs. Total assets increased to $14.0 billion, and total deposits reached $11.2 billion, primarily due to the merger with FLIC. Credit trends remained solid, with nonperforming assets at 0.33% of total assets and annualized net loan charge-offs at 0.17%.

• Net interest margin widened by 16 basis points to 3.27% in Q4 2025, driven by stable loan portfolio yields and a 14 basis-point decrease in average deposit costs.
• Operating net income available to common stockholders was $42.0 million, with operating diluted EPS of $0.83, reflecting strong core earnings.

Orchid Island Capital posted strong Q4 2025 results, driven by net gains on RMBS and derivative instruments and a robust liquidity position.

• Net income surged to $103.4 million, or $0.62 per share, driven by strong performance in RMBS and derivatives.
• Net interest income increased to $38.5 million, supported by lower borrowing costs and stable interest rates.

PennyMac Mortgage Investment Trust delivered strong results in the fourth quarter of 2025, with net income attributable to common shareholders reaching $41.9 million, or $0.48 per common share. This performance was primarily fueled by robust contributions from its credit sensitive and interest rate sensitive strategies, including a significant tax benefit. The company also saw substantial investment activity, with $5.5 billion in loans acquired and the execution of eight private label securitizations totaling $2.8 billion in UPB.

• Net income attributable to common shareholders was $41.9 million, with an annualized return on average common shareholders' equity of 13 percent.
• Book value per common share increased to $15.25 at December 31, 2025, up from $15.16 at September 30, 2025.

First Mid Bancshares delivered record fourth-quarter net income driven by solid loan growth, stable margins, and continued strength in fee-based businesses despite modest pressure on non-interest income.

• Record quarterly net income of $23.7 million
• Loans grew 3.2% quarter over quarter to $6.01 billion

Southside Bancshares posted Q4 2025 net income of $21.0 million and EPS of $0.70, down slightly from the prior year due to losses on AFS securities. Core banking metrics remained stable with improvements in net interest margin and efficiency ratio.

• Net income was $21.0 million, down from $21.8 million a year ago due to $7.3 million in losses on securities.
• EPS was $0.70, a slight decline from $0.71 in Q4 2024.

John B. Sanfilippo & Son, Inc. announced strong financial results for its fiscal 2026 second quarter, with net sales increasing by 4.6% to $314.8 million and diluted EPS rising by 31.9% to $1.53 per share. This growth was driven by disciplined cost management, operational efficiencies, and strategic pricing actions, despite headwinds from shifting consumer behavior and elevated retail selling prices.

• Net sales increased by $13.7 million, or 4.6%, to $314.8 million.
• Diluted EPS increased by 31.9% to $1.53 per share.

Beazer Homes USA, Inc. announced its financial results for the first fiscal quarter of 2026, reporting a net loss of $32.6 million, or $1.13 per diluted share, which included a litigation-related charge. The company experienced a decrease in home closings and revenue, along with lower gross margins, primarily due to demand challenges and increased incentives. Despite the downturn, the company expressed cautious optimism for the spring selling season due to slowing starts by national builders and lower mortgage rates, and remains focused on driving sequential margin improvements and achieving multi-year goals.

• Net loss for Q1 fiscal 2026 was $32.6 million, or $1.13 per diluted share, including a litigation-related charge.
• Homebuilding revenue decreased by 21.9% year-over-year to $359.7 million, driven by a 22.8% decrease in home closings.

Invesco Mortgage Capital Inc. reported a net income per common share of $0.68 and earnings available for distribution per common share of $0.56 for Q4 2025. The company's book value per common share increased to $8.72, and it declared a common stock dividend of $0.36 per share. The investment portfolio grew to $6.3 billion, with a modest increase in the debt-to-equity ratio to 7.0x.

• Net income per common share was $0.68, a slight decrease from $0.74 in Q3 2025.
• Earnings available for distribution per common share were $0.56, compared to $0.58 in Q3 2025.

MarineMax, Inc. announced its fiscal 2026 first quarter results, with revenue reaching $505.2 million, a 7.8% increase from the prior year. The company achieved over 10% same-store sales growth and a gross profit margin of 31.8%. Despite retail margin pressure and elevated promotional activity, MarineMax significantly reduced inventory and strengthened its balance sheet, reaffirming its full-year fiscal 2026 guidance.

• Achieved first quarter revenue of $505.2 million, an increase of 7.8% year-over-year.
• Reported a gross profit margin of 31.8%, supported by strategic expansion into higher-margin businesses.

Financial Institutions Inc. delivered a profitable Q4 2025, posting $20 million in net income on $52.2 million of net interest income. The company saw strong loan growth, improved margins year-over-year, and maintained robust capital ratios following a successful debt issuance.

• Net income available to common shareholders was $19.6 million, or $0.96 per diluted share.
• Net interest income hit $52.2 million, up from $41.6 million in Q4 2024.

Arrow Financial delivered record Q4 earnings driven by strong net interest income, expanding margins, and solid asset quality, resulting in significantly higher profitability versus the prior year.

• Record Q4 net income and EPS performance
• Net interest margin reached a quarterly record

Covenant Logistics Group reported a net loss of $18.257 million for Q4 2025, or $0.73 per diluted share, primarily due to impairment charges to goodwill and equipment, and increased insurance expenses. Despite these challenges, the company's adjusted results showed an income of $0.31 per diluted share, reflecting a seasonal uplift in volume partially offset by increased costs and startup expenses.

• The company reported a net loss of $18.257 million, or $0.73 per diluted share, for Q4 2025.
• Adjusted net income for Q4 2025 was $8.032 million, or $0.31 per diluted share.

First Foundation Inc. reported a net loss of $8.0 million for Q4 2025, primarily due to hedging and merger-related costs. Despite the loss, the company made significant progress in balance sheet transformation, reducing high-cost funding reliance, and strengthening liquidity and capital positions in anticipation of its merger with FirstSun Capital Bancorp.

• Net loss of $8.0 million for the quarter, or $0.10 loss per share, was impacted by $8.5 million in hedging costs and $6.1 million in merger-related costs.
• Total net interest income decreased to $39.4 million, primarily due to $6.1 million in hedging costs, though core balance sheet contribution remained stable.

NewtekOne delivered $0.65 in EPS for Q4 2025, with net income of $19.5 million. The company demonstrated notable loan growth and improved operational efficiency, underscoring strength in its business model.

• Q4 2025 EPS was $0.65, matching the prior quarter but down from $0.70 in Q4 2024
• Net income reached $19.5 million, with revenue of $73.3 million

Carter Bankshares delivered solid fourth-quarter results with higher net income, improved net interest margin, and continued loan growth, partially offset by ongoing impacts from its largest nonperforming credit relationship.

• Net income increased to $8.5 million with EPS of $0.38
• Net interest margin expanded to 2.92% in the quarter

Xerox Holdings Corporation delivered Q4 2025 results in line with guidance, with revenue reaching $2.03 billion, up 25.7% year-over-year. Despite macroeconomic headwinds, the company saw strong growth in IT Solutions and made significant progress on the Lexmark integration, which is advancing ahead of plan. Adjusted operating income is projected to increase by over $200 million in 2026.

• Q4 2025 revenue increased by 25.7% to $2.03 billion, or 23.6% in constant currency.
• GAAP net loss for Q4 2025 was $(73) million, or $(0.60) per share, an increased loss of $52 million year-over-year.

Citizens Financial Services posted solid Q4 2025 performance, driven by higher net interest income and improved efficiency. Net income rose to $10.5 million and EPS reached $2.19, reflecting strong operating performance and prudent cost management.

• Net income for Q4 2025 rose to $10.5 million, up from $8.0 million in Q4 2024.
• EPS increased to $2.19, a strong improvement over $1.66 a year ago.

Primis Financial Corp. delivered a profitable fourth quarter with $30 million in net income and marked improvements in net interest margin and efficiency, driven by mortgage growth and strategic balance sheet management.

• Net income reached $30 million, a turnaround from a $23 million loss in Q4 2024.
• Net interest income rose to $30.85 million with margin expanding to 3.28%.

GSI Technology reported a 12% year-over-year increase in revenue to $6.1 million for the third fiscal quarter of 2026, driven by strong SRAM solutions demand. The company achieved key commercialization and validation milestones for Gemini-II, raised equity financing, and ended the quarter with a cash balance of $70.7 million.

• Revenue increased 12% year-over-year to $6.1 million, primarily due to strong market momentum for SRAM solutions.
• The quarter-end cash balance significantly increased to $70.7 million, up from $13.4 million at the end of Q4 FY2025, including $46.9 million from a Registered Direct Offering.

OneWater Marine Inc. reported a solid first quarter for fiscal year 2026, with revenue increasing by 1.3% to $380.6 million and gross profit rising by 6.3% to $89.4 million. Despite a net loss of $(7.7) million, the company achieved a 23.5% gross profit margin, reflecting improved model mix and portfolio optimization efforts.

• Revenue for fiscal first quarter 2026 increased by 1.3% to $380.6 million compared to the prior year.
• Gross profit reached $89.4 million, up $5.3 million from the fiscal first quarter 2025, with a gross profit margin of 23.5%.

1-800-FLOWERS.COM, Inc. announced its Fiscal 2026 Second Quarter results with total consolidated revenues of $702.2 million, a 9.5% decrease from the prior year. Despite the revenue decline, net income increased to $70.6 million, or $1.10 per diluted share, up from $64.3 million, or $1.00 per share, in the prior year period. Adjusted EBITDA for the quarter was $98.1 million, an increase from $93.973 million in the prior year period, excluding restructuring costs/severance.

• Total consolidated revenues decreased by 9.5% to $702.2 million, primarily due to a strategic shift towards improving marketing effectiveness and profitability.
• Net income for the quarter increased to $70.6 million, or $1.10 per diluted share, compared to $64.3 million, or $1.00 per share, in the prior year period.

Virginia National Bankshares delivered a strong Q4 2025, with increased net income, improved efficiency, and higher returns on assets and equity. The results reflect strategic cost control and stable asset quality.

• Net income rose to $5.96 million, up from $4.56 million in Q4 2024.
• EPS reached $1.10, compared to $0.85 in the same quarter last year.

First Internet Bancorp delivered solid Q4 2025 results with net income of $5.3 million and adjusted EPS of $0.64. Revenues grew on the back of stronger net interest income and margin expansion. Loan growth was healthy, and credit performance improved with reduced net charge-offs and provisions.

• Net income reached $5.3 million, reversing prior quarter losses
• Adjusted total revenue grew to $42.1 million, up 21% YoY

Silicom Ltd. reported a 17% increase in fourth-quarter revenues to $16.9 million, up from $14.5 million in the prior year. The company's GAAP net loss for the quarter was $2.5 million, or $0.44 per ordinary share, a significant improvement from the $6.1 million loss in Q4 2024. Non-GAAP net loss also improved to $1.9 million, or $0.34 per share.

• Fourth-quarter 2025 revenues increased by 17% year-over-year to $16.9 million.
• GAAP net loss for Q4 2025 improved to $2.5 million ($0.44 per share) from $6.1 million ($1.05 per share) in Q4 2024.