Reports

Cisco delivered record Q2 FY2026 revenue of $15349000000, up 10% year over year, with GAAP net income of $3175000000 and GAAP EPS of $0.80. Growth was driven by strong Networking performance and broad-based demand across geographies.

• Revenue increased 10% year over year to $15349000000.
• GAAP EPS rose 31% to $0.80, while non-GAAP EPS reached $1.04.

T-Mobile delivered Q4 2025 total revenues of 24334000000 and net income of 2103000000, supported by strong service revenue growth and industry-leading postpaid and broadband customer additions.

• Total revenues increased to 24334000000 in Q4 2025.
• Net income was 2103000000 with diluted EPS of 1.88.

McDonald's delivered solid Q4 2025 results with revenue up to $7.009 billion and net income of $2.164 billion, supported by 5.7% global comparable sales growth and strength across all segments.

• Global comparable sales increased 5.7% with positive guest counts.
• Revenue rose to $7009000000 in the quarter.

AppLovin delivered Q4 2025 revenue of 1657944000 and net income of 1102256000, reflecting substantial year-over-year growth. Adjusted EBITDA reached 1398679000 with an 84% margin, and Free Cash Flow totaled 1309159000.

• Revenue increased 66% year over year to 1657944000.
• Net income rose to 1102256000 with a 66% net margin.

Shopify delivered strong Q4 2025 results with revenue of $3.67 billion, gross profit of $1.69 billion, operating income of $631 million, and net income of $743 million, driven primarily by Merchant Solutions growth.

• Revenue reached $3672000000 in Q4 2025, led by Merchant Solutions.
• Operating income improved to $631000000 with a solid operating margin.

TotalEnergies generated $50624000000 in sales and $2906000000 in net income in Q4 2025. Adjusted net income reached $3837000000 and adjusted EBITDA totaled $10066000000, supported by resilient downstream and integrated power performance while oil prices declined.

• Sales were $50624000000 in Q4 2025.
• Net income (TotalEnergies share) was $2906000000, with adjusted net income of $3837000000.

NetEase generated US$3.94 billion in revenue in Q4 2025, up 3.0% year over year. Gross profit increased while net income declined versus the prior-year period. The games segment remained the primary growth driver.

• Revenue increased 3.0% year over year to US$3.94 billion.
• Games and related services revenue reached US$3.14 billion.

Equinix generated Q4 2025 revenue of 2420000000 and net income attributable to common stockholders of 265000000. Adjusted EBITDA reached 1186000000 with a 49% margin, supported by solid colocation and interconnection growth across all regions.

• Revenue increased to 2420000000 in Q4 2025.
• Net income attributable to common stockholders was 265000000.

Vertiv delivered Q4 2025 net sales of $2.88 billion with strong profitability expansion. Net income reached $445.6 million and adjusted operating margin improved to 23.2%, supported by exceptional organic orders growth and a record backlog.

• Net sales increased to $2880000000 in Q4 2025.
• Net income rose to $445600000 with strong operating leverage.

Motorola Solutions delivered Q4 2025 revenue of 3380000000, up 12% year over year, with GAAP EPS of 3.86 and non-GAAP EPS of 4.59. Operating income reached 944000000, and the company ended the year with record backlog of 15700000000.

• Revenue increased 12% year over year to 3380000000.
• GAAP operating margin expanded to 27.9%.

Hilton generated total revenue of 3087000000 in Q4 2025, up from 2783000000 in the prior year quarter. Net income was 298000000 and Adjusted EBITDA reached 946000000, supported by 0.5% system-wide RevPAR growth and continued net unit expansion.

• Total revenue increased to 3087000000 from 2783000000 year over year.
• Net income was 298000000 with diluted EPS of 1.27.

In Q4 2025, Waste Connections generated $2373306000 in revenue and $258499000 in net income, compared to a net loss in the prior year. Operating income was $420828000 and adjusted EBITDA reached $795591000, reflecting margin expansion and continued solid waste pricing strength.

• Revenue increased to $2373306000, driven by core pricing and acquisitions.
• Net income improved to $258499000 from a net loss in the prior year quarter.

Martin Marietta delivered a strong performance in Q4 2025, with revenues increasing by 9% to $1.534 billion and gross profit rising by 10% to $468 million. Diluted EPS was $4.62, a 4% decrease from the prior year. The aggregates business achieved record profitability and margin expansion, while the Specialties business also saw record revenues and gross profit.

• Fourth-quarter revenues increased 9% to $1.534 billion, driven by strong performance in both aggregates and specialties.
• Gross profit for the quarter rose 10% to $468 million, with aggregates gross profit increasing 11% to a record $420 million.

Wabtec delivered 14.8% revenue growth in Q4 2025 to $2.97 billion, driven by strength in the Freight segment and acquisitions. GAAP EPS declined to $1.18, while adjusted EPS rose 25% to $2.10. The company expanded adjusted operating margins, generated $992 million in operating cash flow, and ended the quarter with a record $27.4 billion total backlog.

• Revenue increased 14.8% year-over-year to $2965000000, led by 18.3% growth in Freight.
• Adjusted EPS grew 25% to $2.10 despite GAAP EPS declining 4.1% to $1.18.

Humana posted a GAAP net loss of $1.011 billion in Q4 2025 with GAAP EPS of -$6.61. Adjusted EPS was -$3.96. Consolidated revenue rose to $32515000000, while the Insurance segment reported a 93.1% benefit ratio.

• GAAP net loss per share was -$6.61; adjusted net loss per share was -$3.96.
• Consolidated GAAP revenue increased to $32515000000.

Kraft Heinz posted Q4 2025 net sales of $6354000000 and net income of $648000000, as volume/mix declines weighed on results and adjusted operating income fell year over year.

• Net sales decreased to $6354000000 in Q4 2025.
• Net income declined to $648000000 with diluted EPS of $0.55.

Rollins, Inc. delivered strong financial performance in Q4 2025, with revenues reaching $913 million, a 9.7% increase over the prior year. Net income grew by 10.2% to $116 million, and GAAP EPS increased by 9.1% to $0.24 per diluted share. The company also reported a 6.3% increase in operating income to $160 million.

• Revenues for Q4 2025 increased by 9.7% to $913 million, driven by 5.7% organic growth and 4.0% acquisition-related growth.
• Net income for the quarter rose by 10.2% to $116 million, with adjusted net income increasing by 11.1% to $121 million.

In Q4 2025, Ameren generated $1782000000 in total operating revenues and $252000000 in net income attributable to common shareholders, up from $207000000 in the prior year. Operating income increased to $360000000, reflecting higher electric retail sales and infrastructure investment benefits.

• Net income attributable to common shareholders rose to $252000000 from $207000000 year over year.
• Diluted EPS increased to $0.92 compared to $0.77 in Q4 2024.

GlobalFoundries delivered Q4 2025 revenue of 1830000000 with net income of 200000000, driven by margin expansion and strong adjusted EBITDA performance.

• Revenue was 1830000000 in Q4 2025.
• Gross margin expanded to 27.8% and operating margin reached 13.9%.

Curtiss-Wright delivered Q4 2025 sales of 946981000 with diluted EPS of 3.69 and adjusted diluted EPS of 3.79. Operating income increased to 181758000, supported by broad-based growth across segments and strong defense demand.

• Sales increased 15% year over year to 946981000.
• Operating income rose to 181758000 with a 19.2% operating margin.

HubSpot, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2025. Total revenue for Q4'25 increased by 20% year-over-year to $846.7 million, with subscription revenue up 21%. The company also achieved a GAAP operating income of $48.2 million, a significant improvement from a loss in Q4'24, and a non-GAAP operating income of $191.0 million. Net income also saw substantial growth, reaching $54.4 million for the quarter.

• Q4'25 total revenue grew 20% on an as-reported basis and 18% in constant currency compared to Q4'24, reaching $846.7 million.
• GAAP operating income for Q4'25 was $48.2 million, a substantial improvement from an operating loss of ($10.8) million in Q4'24.

NiSource generated Q4 2025 operating revenues of 1890300000 and GAAP net income available to common shareholders of 257800000, with adjusted net income of 249200000 and diluted EPS of 0.53.

• Operating revenues were 1890300000 in Q4 2025.
• GAAP net income available to common shareholders totaled 257800000.

Tyler Technologies delivered solid fourth-quarter results for 2025, with total revenues increasing by 6.3% to $575.2 million. Recurring revenues, which constituted 89.4% of total revenues, grew by 10.9%. SaaS revenues saw a significant increase of 20.2%, and free cash flow reached a new high for the fourth quarter at $236.9 million. The company also completed two strategic acquisitions during the quarter.

• Total revenues for Q4 2025 were $575.2 million, an increase of 6.3% compared to Q4 2024.
• Recurring revenues grew by 10.9% to $514.4 million, representing 89.4% of total revenues.

Unity exceeded its fourth-quarter guidance, driven by strong performance from Vector with mid-teen sequential revenue growth and the best growth in Create in over two years. The company's revenue increased by 10% year-over-year to $503 million, with adjusted EBITDA reaching $125 million.

• Fourth quarter revenue was $503 million, a 10% increase year-over-year.
• Adjusted EBITDA for the quarter was $125 million, with a margin of 25%.

Grab generated Q4 2025 revenue of 906000000 with profit for the period of 153000000 and operating profit of 52000000. Adjusted EBITDA reached 148000000, supported by 21% growth in On-Demand GMV and continued expansion in Financial Services.

• Revenue increased 19% year over year to 906000000.
• Profit for the period improved to 153000000 from 11000000 last year.

Smurfit Westrock delivered Q4 2025 net sales of 7580000000 and net income of 98000000, with Adjusted EBITDA of 1172000000 and strong operating cash flow of 1195000000.

• Net sales were 7580000000 in Q4 2025.
• Net income totaled 98000000 with a net income margin of 1.3%.

Tenet generated $5527000000 in Q4 2025 net operating revenues, up 8.9% year-over-year, with net income available to common shareholders of $371000000 and diluted EPS of $4.22. Adjusted diluted EPS increased to $4.70 and consolidated Adjusted EBITDA rose to $1183000000, reflecting solid performance in both Ambulatory Care and Hospital segments.

• Net operating revenues increased 8.9% year-over-year to $5527000000.
• Net income available to common shareholders rose to $371000000, with diluted EPS of $4.22.

Royalty Pharma generated Portfolio Receipts of 874000000 in Q4 2025, up 18%, with Royalty Receipts of 856000000 and net income attributable to Royalty Pharma plc of 214000000.

• Portfolio Receipts increased 18% to 874000000 in Q4 2025.
• Royalty Receipts grew 17% to 856000000.

IFF delivered a solid fourth quarter performance in 2025, with reported net sales of $2.59 billion and adjusted operating EBITDA of $437 million. The company saw comparable currency neutral sales increase by 1% and adjusted operating EBITDA increase by 7%, driven by productivity gains. Strategic initiatives included the launch of a sale process for the Food Ingredients segment.

• Reported net sales for the fourth quarter were $2.59 billion, a decrease of (7)% compared to the prior year period.
• Adjusted operating EBITDA for the fourth quarter was $437 million, with a margin of 16.9%.

Neurocrine Biosciences achieved strong financial performance in Q4 2025, with total net product sales reaching $798.3 million, a 29% year-over-year increase. INGREZZA sales were $657.5 million, and CRENESSITY contributed $135.3 million, reflecting robust patient demand.

• Total fourth-quarter net product sales were $798.3 million, a 29% year-over-year growth.
• INGREZZA net product sales for the fourth quarter were $657.5 million, showing a 7% year-over-year growth.

Tower Semiconductor achieved record revenue of $440 million in the fourth quarter of 2025, marking a 14% year-over-year and 11% quarter-over-quarter growth. The company also reported a net profit of $80 million, reflecting $0.71 basic and $0.70 diluted earnings per share, a significant increase from the previous quarter. Strategic investments in SiPho capacity and capabilities are underway to meet increasing demand.

• Record quarterly revenue of $440 million, up 14% year-over-year and 11% quarter-over-quarter.
• Net profit of $80 million for the quarter, with basic EPS of $0.71 and diluted EPS of $0.70.

SharkNinja delivered exceptional fourth quarter results, with net sales increasing 17.6% to $2,101.4 million and net income increasing 98.3% to $255.2 million. The company also achieved 15.7% net sales growth for the full year 2025 and announced an inaugural $750 million share repurchase authorization.

• Net sales for Q4 2025 increased 17.6% to $2,101.4 million, driven by broad-based momentum across all product categories.
• Net income for Q4 2025 surged by 98.3% to $255.2 million, with diluted EPS reaching $1.80.

Albemarle Corporation delivered strong fourth quarter results with net sales up 16% to $1.4 billion and adjusted EBITDA increasing 7% to $269 million, driven by volume gains in Energy Storage and Ketjen. The company reported a net loss of $414 million, primarily due to tax-related items and asset write-downs, but adjusted diluted loss per share improved significantly.

• Fourth quarter net sales reached $1.4 billion, a 16% increase year-over-year, with volume growth across all segments, notably Energy Storage (+17%) and Ketjen (+13%).
• The company reported a net loss of $414 million, or ($3.87) per diluted share, which included significant tax-related items and asset write-downs related to the Ketjen transaction.

Service Corporation International concluded 2025 with a robust fourth quarter, marked by an 8% growth in adjusted earnings per share. The company saw a 2% increase in revenue and gross profit compared to the prior year's fourth quarter, driven by strong performance in both funeral and cemetery segments and significant preneed sales production growth.

• Revenue increased by $19 million, or 2%, over the fourth quarter of 2024, with growth across both funeral and cemetery segments.
• Gross profit rose by $6 million, or 2%, compared to the fourth quarter of 2024, reflecting solid top-line performance.

In Q4 2025, Penske Automotive Group generated $7.77 billion in revenue, down year-over-year, with net income attributable to common stockholders of $186.1 million and EPS of $2.83. Results were impacted by lower new and used vehicle volumes and weakness in the commercial truck market, partially offset by strong service and parts performance.

• Total revenue decreased to $7.77 billion, driven by lower retail automotive and commercial truck sales.
• Net income attributable to common stockholders declined to $186.1 million, with EPS of $2.83.

In Q4 2025, Antero Midstream generated $297004000 in revenue and $51929000 in net income, impacted by a non-cash asset write-down. Adjusted Net Income was $133055000, resulting in adjusted EPS of $0.43, with Adjusted EBITDA of $284883000.

• Net Income was $51929000, or $0.11 per diluted share.
• Adjusted Net Income totaled $133055000, translating to adjusted EPS of $0.43.

Solstice Advanced Materials Inc. reported strong fourth quarter 2025 results, with net sales increasing 8% year-over-year to $987 million. The growth was primarily driven by double-digit increases in Nuclear (Alternative Energy Services), Electronic Materials, and Refrigerants segments. Net income attributable to Solstice, however, decreased to $41 million from $133 million in the prior year, mainly due to higher operating costs, net interest expense, and non-controlling interest. Adjusted Standalone EBITDA also saw a 20% decrease to $189 million, with the margin falling to 19.1%, impacted by transitory costs and the transition to low global warming potential refrigerants.

• Net Sales increased by 8% year-over-year to $987 million in Q4 2025, driven by strong performance in Nuclear, Electronic Materials, and Refrigerants.
• Net Income attributable to Solstice decreased significantly to $41 million in Q4 2025 from $133 million in Q4 2024, primarily due to higher operating costs and interest expenses.

In Q4 2025, BorgWarner generated net sales of 3572000000 with a GAAP operating loss of -238000000 and net loss attributable to BorgWarner of -262000000. Adjusted operating income was 427000000, resulting in a 12.0% adjusted operating margin, as strong PowerDrive growth offset weakness in Battery & Charging Systems.

• Net sales increased 3.9% year-over-year to 3572000000, with organic growth of 0.8%.
• GAAP operating loss was -238000000, impacted by 582000000 of impairment charges.

Paycom generated $544.3 million in Q4 2025 revenue, up 10.2% year-over-year, with GAAP net income of $113.8 million and diluted EPS of $2.07. Adjusted EBITDA reached $236.3 million, reflecting a 43.4% margin, while recurring revenues represented 95% of total revenue.

• Total revenues increased 10.2% year-over-year to $544.3 million.
• GAAP net income was $113.8 million with diluted EPS of $2.07.

Watts Water Technologies achieved record performance in Q4 2025, with sales reaching $625.1 million, a 16% increase on a reported basis and 8% organically. Operating margin improved to 18.2%, and diluted EPS rose to $2.50, up 24%. The company also completed three strategic acquisitions during the quarter.

• Sales increased by 16% on a reported basis and 8% organically, reaching $625.1 million.
• Operating margin improved by 170 basis points to 18.2%, with adjusted operating margin up 220 basis points to 19.0%.

Generac generated 1091504000 in net sales in Q4 2025, down 12% year over year. The company reported a net loss of 24463000 and diluted EPS of -0.42, while adjusted EBITDA was 185152000 with a 17.0% margin, supported by growth in data center-related C&I sales.

• Net sales declined 12% year over year to 1091504000.
• Net loss attributable to Generac was 24463000.

In Q4 2025, Pilgrim's Pride generated $4517837000 in net sales, with GAAP net income of $87993000 and diluted EPS of $0.37. Adjusted EBITDA was $415145000, representing a 9.2% margin, as margins declined compared to the prior year quarter.

• Net sales increased 3.3% year over year to $4517837000.
• GAAP net income attributable to Pilgrim’s was $87993000 with diluted EPS of $0.37.

Antero Midstream delivered a solid fourth quarter in 2025, with key operational metrics like low pressure gathering and compression volumes increasing by 5%. The company reported a Net Income of $52 million and an Adjusted Net Income of $133 million, with Adjusted EBITDA reaching $285 million. Capital expenditures were $45 million, and the company maintained a leverage of 2.7x.

• Low pressure gathering and compression volumes increased by 5% compared to the prior year quarter.
• Net Income was $52 million, or $0.11 per diluted share, a 52% decrease compared to the prior year quarter.

In Q4 2025, Aurora generated $1000000 in revenue from driverless and supervised commercial loads, while reporting a net loss of $206000000. Adjusted EBITDA was negative $177000000 as the company continued investing in R&D and scaling its autonomous trucking platform.

• Q4 revenue totaled $1000000, up 25% sequentially from Q3.
• Net loss was $206000000, with operating loss of $238000000.

Primerica delivered robust financial results in the fourth quarter of 2025, with total revenues increasing by 8% to $853.7 million and net income rising by 18% to $197.0 million. Diluted EPS reached $6.13, a 23% increase year-over-year. The company saw record ISP sales, a 15% increase in ISP client asset values, and continued growth in its Term Life segment, reflecting a balanced business model and strong sales force performance.

• Total revenues increased by 8% to $853.7 million in Q4 2025 compared to the prior year period.
• Net income grew by 18% to $197.0 million, with diluted EPS reaching $6.13, a 23% increase.

Confluent delivered a strong fourth quarter and fiscal year 2025, marked by a 20% year-over-year increase in subscription revenue and a 23% rise in Confluent Cloud revenue. The company also achieved significant margin expansion and reported positive non-GAAP operating income, reinforcing its strategic value in data streaming.

• Fourth quarter subscription revenue reached $301.6 million, a 20% increase year over year.
• Confluent Cloud revenue grew by 23% year over year, totaling $169 million in Q4 2025.

Avantor, Inc. reported net sales of $1.66 billion for the fourth quarter of 2025, a 1% decrease compared to the fourth quarter of 2024, with an organic sales decline of 4%. Net income decreased significantly to $52 million from $500 million in the prior year, while adjusted EPS was $0.22. The company is undergoing a 'Revival program' to improve agility and drive top-line growth.

• Net sales for Q4 2025 were $1.66 billion, a 1% decrease year-over-year, with an organic decline of 4%.
• Net income for Q4 2025 was $52 million, a substantial decrease from $500 million in Q4 2024.

For Q4 2025, NNN generated revenue of 238398000 and net earnings of 95951000, with diluted EPS of 0.51. AFFO totaled 164977000, or 0.87 per share, while portfolio occupancy increased to 98.3% and liquidity remained strong at 1200000000.

• Total Q4 revenue increased to 238398000 from 218482000 year-over-year.
• AFFO was 164977000, with AFFO per share of 0.87 and a payout ratio of 68.8%.

Parsons Corporation announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. For Q4 2025, revenue decreased by 8% year-over-year to $1.6 billion, while net income increased by 3% to $56 million, marking a fourth-quarter record. Adjusted EBITDA rose by 5% to $153 million, with an adjusted EBITDA margin of 9.6%.

• Q4 revenue decreased 8% year-over-year to $1.6 billion, and 10% on an organic basis.
• Net income for Q4 increased 3% year-over-year to $56 million, setting a new fourth-quarter record.

NewMarket Corporation reported a decline in net income and earnings per share for both the fourth quarter and full year 2025, primarily attributed to a higher effective income tax rate. Petroleum additives saw a decrease in sales and operating profit due to lower shipments and selling prices, while specialty materials experienced significant growth in sales and operating profit, driven by increased volumes and acquisitions.

• Net income for Q4 2025 decreased to $81.3 million ($8.65 per share) from $110.7 million ($11.56 per share) in Q4 2024.
• Petroleum additives sales for Q4 2025 were $585.1 million, down from $626.1 million in Q4 2024, with operating profit decreasing to $106.8 million from $135.7 million.

STAG Industrial, Inc. announced strong financial and operating results for Q4 2025, with net income attributable to common stockholders increasing by 63.9% to $83.4 million and Core FFO per diluted share rising by 8.2% to $0.66. The company also reported significant acquisition and leasing activity, contributing to a solid foundation for 2026.

• Net income attributable to common stockholders increased by 63.9% to $83.4 million in Q4 2025.
• Core FFO per diluted share grew by 8.2% to $0.66 in Q4 2025.

Lithia & Driveway generated $9197800000 in revenue in Q4 2025, up slightly year over year. Net income declined to $137900000, with diluted EPS of $5.72 and adjusted diluted EPS of $6.74, reflecting margin compression in new vehicles offset by growth in used and aftersales.

• Revenue increased 0.3% year over year to $9197800000.
• Net income declined 35.5% to $137900000.

In Q4 2025, Ryder generated total revenue of 3175000000 and net earnings from continuing operations of 133000000, resulting in diluted EPS of 3.25. Comparable EPS was 3.59, up 4% year-over-year, driven by higher contractual earnings in Supply Chain Solutions and Dedicated Transportation Solutions, partially offset by lower used vehicle sales and rental performance.

• Total revenue was 3175000000, consistent with the prior year, while operating revenue was 2628000000.
• Diluted EPS from continuing operations increased to 3.25, with comparable EPS of 3.59.

Comstock Resources, Inc. announced strong fourth-quarter 2025 results, with net income reaching $286.8 million and adjusted net income at $46.1 million. The company benefited from higher natural gas prices and a pre-tax gain of $292.3 million from the sale of its Shelby Trough properties. Operating cash flow was $222.3 million, and the company turned 4 successful wells to sales in the Western Haynesville.

• Higher natural gas prices led to improved financial results in Q4 2025.
• Natural gas and oil sales, including realized hedging losses, totaled $364 million for the quarter.

Cognex Corporation announced robust financial results for the fourth quarter and full year 2025, demonstrating a return to profitable growth. Fourth-quarter revenue increased by 10% year-over-year, reaching $252 million, while adjusted diluted EPS grew by 35% to $0.27. The company also achieved its sixth consecutive quarter of year-over-year adjusted EBITDA margin expansion, reaching 22.7%.

• Fourth-quarter revenue increased 10% year-over-year to $252 million, driven by increased year-end spending in Factory Automation and steady Logistics growth.
• Adjusted diluted earnings per share rose 35% year-over-year to $0.27, marking the sixth consecutive quarter of double-digit growth.

First American Financial Corporation delivered a strong fourth quarter in 2025, with adjusted revenue up 15% and adjusted earnings per share up 47% compared to the prior year. The company saw significant growth in commercial revenues and maintained strong pretax margins in both Title Insurance and Services and Home Warranty segments.

• Total revenue for Q4 2025 reached $2.0 billion, a 22% increase from Q4 2024.
• Diluted EPS for Q4 2025 was $2.05, significantly up from $0.69 in Q4 2024.

MSA Safety reported solid performance in Q4 2025 with net sales of $511 million, a 2% GAAP increase, and diluted EPS of $2.21. Adjusted earnings per diluted share were $2.38, a 6% increase year-over-year. The company returned $61 million to shareholders and maintained a strong balance sheet.

• Achieved net sales of $511 million, a 2% GAAP increase, despite a 3% organic decrease primarily due to timing delays in fire service.
• Generated GAAP operating income of $114 million, or 22.3% of net sales, and adjusted operating income of $122 million, or 23.9% of net sales.

Essential Properties reported a strong fourth quarter in 2025, with net income per share increasing by 13% to $0.34 and AFFO per share increasing by 9% to $0.49. The company closed $295.8 million in investments at a 7.7% weighted average cash cap rate and increased its 2026 AFFO guidance.

• Fourth Quarter Net Income per Share increased by 13% to $0.34.
• Fourth Quarter AFFO per Share increased by 9% to $0.49.

Taylor Morrison generated total revenue of 2099640000 in Q4 2025, with net income of 174016000 and diluted EPS of 1.76. Home closings revenue declined to 1958357000 on 3285 closings, with a 21.8% gross margin and continued disciplined capital management.

• Total revenue was 2099640000, down 10.9% year over year.
• Net income totaled 174016000 with diluted EPS of 1.76.

In Q4 2025, SiteOne generated net sales of 1045600000, up 3% year-over-year, with gross profit of 356800000 and gross margin of 34.1%. The company reported a net loss attributable to SiteOne of 9000000 and diluted EPS of -0.20, while adjusted EBITDA increased 18% to 37600000, expanding margin to 3.6%.

• Net sales increased 3% to 1045600000, driven by 2% Organic Daily Sales growth.
• Gross profit rose to 356800000 with gross margin improving 80 basis points to 34.1%.

In Q4 2025, Copa Holdings generated $962888000 in total operating revenue and net profit of $172623000, with diluted EPS of $4.18. The company reported an operating margin of 21.8% and net margin of 17.9%, while maintaining strong liquidity of $1338159000 in cash and short-term investments.

• Net profit reached $172623000, or $4.18 per share, up 5.3% year over year.
• Operating revenue increased 9.6% year over year to $962888000.

Darling Ingredients Inc. delivered a strong fourth quarter in 2025, with solid EBITDA growth and sequential gross margin improvement, despite lower fat prices. The company strategically realigned its portfolio, resulting in restructuring and asset impairment charges, and enhanced its liquidity by monetizing Production Tax Credits.

• Net income for Q4 2025 was $56.9 million, or $0.35 per GAAP diluted share, compared to $101.9 million, or $0.63 per GAAP diluted share, in Q4 2024.
• Total net sales for Q4 2025 reached $1.7 billion, an increase from $1.42 billion in Q4 2024.

Q2 Holdings, Inc. concluded 2025 with a strong fourth quarter, achieving $208.2 million in revenue, a 14% year-over-year increase. The company reported GAAP net income of $20.4 million for the quarter and $52.0 million for the full year, a significant turnaround from a net loss in the previous year. Adjusted EBITDA also saw substantial growth, reaching $51.2 million for the quarter.

• Fourth quarter revenue increased by 14% year-over-year to $208.2 million, and 3% sequentially from Q3 2025.
• GAAP net income for Q4 2025 was $20.4 million, a significant improvement from $0.2 million in the prior-year quarter.

In Q4 2025, Viking reported no revenue and a net loss of $157662000, or $1.38 per share, primarily driven by research and development expenses of $153459000 as the company advanced its obesity pipeline. The company ended the quarter with $706000000 in cash, cash equivalents and short-term investments.

• Net loss for Q4 2025 was $157662000, or $1.38 per share.
• Research and development expenses increased to $153459000 from $30987000 year over year.

Independence Realty Trust delivered solid full year 2025 results, in line with expectations, driven by stable occupancy and stronger leasing rates. The company completed 2,003 renovations in its Value Add program, achieving an average ROI of 15.3% for the year. The balance sheet remains strong with conservative leverage, and recent refinancing activities have extended debt maturities through 2027.

• EPS for the full year 2025 was $0.24, with CFFO per share at $0.32 for Q4 and $1.17 for the full year.
• Same-Store Portfolio NOI Growth was 1.8% for Q4 and 2.4% for the full year 2025.

Cellebrite concluded 2025 with a robust fourth quarter, marked by a 21% increase in total ARR to $480.8 million and an 18% rise in revenue to $128.8 million. The company achieved a net income of $21.3 million and an adjusted EBITDA of $38.3 million, reflecting strong operational performance and strategic progress, despite a challenging U.S. Federal spending environment.

• Total ARR grew 21% year-over-year to $480.8 million, with organic ARR growth of 17% excluding Corellium.
• Revenue increased by 18% year-over-year to $128.8 million, driven by strong subscription revenue growth of 21%.

Crane NXT announced robust financial results for the fourth quarter and full year ended December 31, 2025. The company achieved a 19.5% sales growth in Q4 and an 11.4% sales growth for the full year, driven by strategic acquisitions and core sales expansion. GAAP EPS for Q4 was $0.83, and Adjusted EPS was $1.27. The annual dividend was raised by 6%, and the company remains on track to complete the Antares Vision acquisition in 2026.

• Fourth quarter 2025 sales increased by 19.5% year-over-year to $476.9 million, with core sales growth of 4.8%.
• GAAP EPS for the fourth quarter was $0.83, and Adjusted EPS was $1.27.

In Q4 2025, Rayonier generated revenue of 117500000 and net income attributable to Rayonier of 25900000, or 0.16 per diluted share. Adjusted EBITDA totaled 61700000, down from the prior year period due to lower Real Estate activity and no Large Dispositions.

• Net income attributable to Rayonier was 25900000, or 0.16 per diluted share.
• Fourth quarter revenue was 117500000 compared to 650500000 in the prior year.

Palomar Holdings, Inc. delivered a strong performance in the fourth quarter of 2025, with net income rising by 60.6% to $56.2 million and adjusted net income increasing by 48.0% to $61.1 million. Gross written premiums grew by 31.8% to $492.6 million, reflecting robust top-line growth. The company also reported an annualized adjusted return on equity of 26.9% and an adjusted combined ratio of 73.4%.

• Net income increased by 60.6% to $56.2 million in Q4 2025, up from $35.0 million in Q4 2024.
• Adjusted net income rose by 48.0% to $61.1 million in Q4 2025, compared to $41.3 million in Q4 2024.

Vertex, Inc. reported a strong close to 2025 with total revenues of $194.7 million in Q4, an increase of 9.1% year-over-year. The company achieved a net loss of $7.0 million, a significant improvement from the $67.8 million net loss in the prior year. Adjusted EBITDA reached $42.5 million, up from $38.1 million, demonstrating enhanced profitability.

• Total revenues for Q4 2025 increased by 9.1% year-over-year to $194.7 million.
• Software subscription revenues grew by 8.9% to $166.2 million in Q4 2025.

In Q4 2025, Blackstone Mortgage Trust generated total net revenues of 159323000 and net income attributable to common stockholders of 39560000, resulting in diluted EPS of 0.24. The company reported Distributable EPS prior to charge-offs of 0.51 and declared a dividend of 0.47 per share, while loan portfolio performance improved to 99% and CECL reserves declined year-over-year.

• GAAP net income attributable to BXMT was 39560000, with EPS of 0.24 for Q4 2025.
• Distributable EPS prior to charge-offs was 0.51, covering the 0.47 quarterly dividend.

Terex Corporation concluded a transformational year in 2025, achieving financial results in line with original guidance. The company reported full-year sales of $5.4 billion, with a full-year operating margin of 8.8% and adjusted operating margin of 10.4%. Fourth quarter bookings increased by 32% year-over-year, reflecting strong momentum heading into 2026.

• Full-year sales reached $5.4 billion, demonstrating solid performance.
• Full-year adjusted operating margin improved to 10.4%, indicating enhanced operational efficiency.

FCPT delivered a strong year in 2025, marked by efficient capital raising and deployment into high-value new investments, totaling $318 million across 105 properties. The company reported a 99.5% rent collection rate for Q4 2025, with rental revenue increasing by 11.6% over the prior year to $67.8 million. Net income attributable to common shareholders rose to $29.4 million, or $0.28 per diluted share, for the fourth quarter.

• FCPT invested a near-record $318 million across 105 properties in 2025, focusing on strong retail corridors and nationally branded operators.
• The company achieved a high rent collection rate of 99.5% for the fourth quarter and 99.8% for the full year 2025.

For Q4 2025, Chefs' Warehouse generated net sales of 1142564000, up 10.5% year-over-year, with net income of 21684000 and diluted EPS of 0.50. Adjusted EBITDA increased to 80284000, while gross profit margin slightly declined to 24.2% and operating income margin decreased to 3.8%.

• Net sales increased 10.5% year-over-year to 1142564000, driven primarily by organic growth of 9.7%.
• Adjusted EBITDA rose to 80284000 from 68210000 in the prior year quarter.

Urban Edge Properties delivered an exceptional 2025, signing over 360,000 sf of new leases with record cash spreads of 32% and achieving record high shop occupancy of 92.6%. The strong operating results drove a 6% increase in FFO as Adjusted per share over the prior year, ahead of target, leading to an 11% dividend increase. For Q4 2025, net income decreased compared to 2024 due to a significant gain on sale of real estate in the prior year.

• Net income attributable to common shareholders for Q4 2025 was $12.424 million, a decrease from $30.121 million in Q4 2024, primarily due to a $23.5 million gain on sale of real estate in 2024.
• FFO per diluted common share for Q4 2025 remained stable at $0.35, consistent with Q4 2024.

In Q4 2025, Inspire generated revenue of 269077000 with net income of 136090000 and diluted EPS of 4.66. Gross margin expanded to 86.6% and adjusted EBITDA reached 79299000, representing a 29.5% margin, while operating cash flow totaled 52500000.

• Revenue increased 12% year over year to 269077000.
• Net income was 136090000 with diluted EPS of 4.66.

CoreCivic concluded 2025 with robust financial results, marked by a 26% increase in total revenue to $604.0 million and a 38% rise in net income to $26.5 million in Q4 2025 compared to the previous year. Diluted EPS grew by 53% to $0.26, and Adjusted EBITDA increased by 25% to $92.5 million, reflecting successful facility activations and increased occupancy.

• Total Revenue for Q4 2025 increased by 26% to $604.0 million, demonstrating strong growth.
• Net Income for Q4 2025 rose by 38% to $26.5 million, indicating improved profitability.

Fastly, Inc. announced record fourth quarter and full year 2025 financial results, with revenue growing 23% year-over-year to $172.6 million and GAAP gross margin reaching 61.4%. The company achieved a non-GAAP operating income of $21.2 million and a non-GAAP net income per basic share of $0.13, marking a significant inflection in growth and profitability.

• Total revenue for Q4 2025 was $172.6 million, a 23% increase year-over-year.
• GAAP gross margin for Q4 2025 was 61.4%, up from 53.4% in Q4 2024.

Getty Realty Corp. reported a strong fourth quarter and full year 2025, with net earnings of $0.45 per share and FFO of $0.64 per share for the quarter. The company invested $135.4 million at a 7.9% initial cash yield in Q4 2025, contributing to a full-year investment of $268.8 million at the same yield. The company reaffirms its 2026 AFFO guidance of $2.48 to $2.50 per diluted share.

• Net earnings for Q4 2025 were $0.45 per share, up from $0.39 per share in Q4 2024.
• Funds From Operations (FFO) for Q4 2025 reached $0.64 per share, an increase from $0.57 per share in Q4 2024.

For Q4 2025, GCI Liberty generated $262000000 in revenue, flat year over year, and operating income of $32000000. Adjusted OIBDA increased 7% to $90000000. Consumer revenue declined 2% while Business revenue grew 1%.

• Total revenue was $262000000, flat year over year.
• Operating income was $32000000 with a 12.2% margin.

FLEX LNG Ltd concluded a strong fiscal year with robust Q4 2025 results, driven by high time charter equivalent rates and efficient fleet utilization. The company reported significant revenue and net income, exceeding analyst expectations and demonstrating solid operational performance.

• Q4 2025 revenue stood at $95.2 million, reflecting strong market demand for LNG shipping.
• Diluted EPS for Q4 2025 was $0.98, indicating healthy profitability.

QuidelOrtho reported total revenue of $724 million for Q4 2025, with non-respiratory revenue growing 7% in constant currency and Labs revenue growing 8%. The company achieved an adjusted EBITDA margin of 21% and adjusted diluted EPS of $0.46. For the full year 2025, total revenue was $2.73 billion, with an adjusted EBITDA of $597 million.

• Total revenue for Q4 2025 was $724 million, showing a 2.2% increase compared to the prior year.
• Non-respiratory revenue, excluding Donor Screening, grew 7% in constant currency for Q4 2025.

SFL generated $176000000 in operating revenues in Q4 2025, with 87% from shipping. Adjusted EBITDA was $109000000, including contributions from associated companies, while the company reported a net loss of $4700000 and declared a $0.20 quarterly dividend.

• Total operating revenues reached $176000000, primarily from shipping activities.
• Adjusted EBITDA was $109000000, including $8000000 from associated companies.

HCSG generated $466682000 in revenue in Q4 2025, up 6.6% year over year. Net income rose to $31244000 with diluted EPS of $0.44. Adjusted EBITDA reached $33231000, representing 7.1% of revenue, while cash flow from operations totaled $17387000.

• Revenue increased 6.6% year over year to $466682000.
• Net income was $31244000 with diluted EPS of $0.44.

Leggett & Platt reported a decrease in sales for both the fourth quarter and full year 2025, with fourth quarter sales down 11% to $939 million and full year sales down 7% to $4.05 billion. Despite the sales decline, the company achieved an increase in net earnings for the fourth quarter and a significant turnaround from a net loss in the previous year for the full year. Adjusted EPS for the full year remained flat compared to 2024.

• Fourth quarter sales decreased 11% to $939 million compared to 4Q24.
• Fourth quarter EPS increased to $0.18, up from $0.10 in 4Q24.

For Q4 2025, Criteo generated Contribution ex-TAC of 330042000 and net income of 46371000, with diluted EPS of 0.90. Adjusted EBITDA was 120088000, representing a 36% margin, while Retail Media declined and Performance Media posted modest growth.

• Contribution ex-TAC was 330042000 in Q4 2025.
• Net income was 46371000 with diluted EPS of 0.90.

Piedmont Realty Trust experienced a phenomenal year in 2025, achieving its highest leasing volume in a decade, with accelerating demand across all markets. The company reported a net loss of $43.2 million for Q4 2025, reflecting elevated interest expense and a significant loss on early extinguishment of debt. Despite the net loss, the company saw an increase in its in-service portfolio's leased percentage and record-high rental rates in Sunbelt markets.

• Piedmont recognized a net loss of $43.2 million, or $0.35 per diluted share, for the fourth quarter of 2025.
• The company completed approximately 679,000 square feet of leasing during the fourth quarter, contributing to approximately 2.5 million square feet for the year, the most since 2015.

Radware achieved record revenue and earnings in Q4 2025, driven by strong execution and growth in its cloud security business. The company's cloud ARR approached the $100 million milestone, and it strengthened its market position with advancements in its cloud application platform, including API security and agentic-AI protection.

• Record revenue of $80.2 million in Q4 2025, a 10% increase year-over-year.
• Cloud ARR reached $95.2 million, up 23% year-over-year.

For Q4 2025, Chimera generated GAAP net income of 7000000, or 0.08 per diluted common share. Earnings available for distribution were 45161000, or 0.53 per adjusted diluted common share. GAAP book value per common share was 19.70, and economic return for the quarter was -0.9%.

• GAAP net income was 7000000, or 0.08 per diluted common share.
• Earnings available for distribution totaled 45161000, or 0.53 per adjusted diluted common share.

Safehold generated 97900000 in Q4 2025 revenue and 27876000 in net income attributable to common shareholders, with EPS of 0.39. Excluding non-recurring losses, net income was 30100000 and EPS was 0.42.

• Q4 revenue reached 97900000.
• Net income attributable to common shareholders was 27876000.

Frontier generated $997 million in total operating revenue in Q4 2025 with net income of $53 million and operating income of $49 million. Unit revenue remained stable while CASM declined year over year, and load factor improved to 78.9%.

• Total revenue was $997 million with operating income of $49 million.
• Net income reached $53 million, or $0.23 per diluted share.

For Q4 2025, FBRT generated estimated total revenue of 58000000, GAAP net income of 18400000 and diluted EPS of 0.13, while maintaining 820600000 of total liquidity and closing 528300000 of new loan commitments.

• Estimated Q4 total revenue was 58000000.
• GAAP net income was 18400000 with diluted EPS of 0.13.

For Q1 2026, Richtech Robotics generated revenue of 1147000 and reported a net loss attributable to common stockholders of 8402000, compared to 3548000 in the prior year period. The company significantly strengthened its balance sheet, ending the quarter with 271811000 in cash and cash equivalents.

• Revenue decreased to 1147000 from 1257000 year-over-year, reflecting a strategic shift away from one-time product sales.
• Net loss attributable to common stockholders widened to 8402000 from 3548000, primarily driven by 8284000 in stock-based compensation.

For Q4 2025, Redwood Trust generated 25900000 of net interest income and 61300000 of non-interest income, resulting in net income available to common stockholders of 18300000, or 0.13 per share.

• Net interest income for the quarter was 25900000.
• Total non-interest income was 61300000.

Kornit Digital reported total revenue of $58.9 million for the fourth quarter of 2025, a slight decrease from $60.7 million in the prior year period. The company achieved a GAAP net income of $1.7 million, or $0.03 per diluted share, and a non-GAAP net income of $8.3 million, or $0.18 per diluted share. Adjusted EBITDA for the quarter was $5.5 million, with a margin of 9.3%.

• Total revenue for Q4 2025 was $58.9 million, compared to $60.7 million in Q4 2024.
• GAAP net income for Q4 2025 was $1.7 million ($0.03 per diluted share), down from $2.2 million ($0.05 per diluted share) in Q4 2024.

Nabors generated $797.5 million in Q4 2025 revenue and net income attributable to shareholders of $10.3 million, or $0.17 per diluted share. Adjusted EBITDA totaled $221.6 million, supported by solid performance in International Drilling and U.S. Drilling, while free cash flow improved significantly to $131.8 million.

• Q4 operating revenues were $797.5 million with net income attributable to Nabors of $10.3 million.
• Adjusted EBITDA reached $221.6 million, led by International Drilling at $131.3 million.

Oatly delivered 9.1% revenue growth in Q4 2025, driven primarily by strong performance in Europe & International, while narrowing its net loss substantially year over year and achieving positive Adjusted EBITDA.

• Revenue increased 9.1% year over year to $233.8 million, led by Europe & International growth.
• Gross margin expanded to 34.5%, up 5.8 percentage points from the prior year.

Vishay Precision Group, Inc. announced its results for the fourth fiscal quarter of 2025, with revenues increasing by 10.9% to $80.6 million. However, the company reported a diluted net loss per share of $0.14, compared to diluted net earnings of $0.06 in the prior year. Adjusted diluted net earnings per share were $0.07. Gross profit margin decreased to 36.8% from 38.2% in the prior year.

• Revenues for Q4 2025 increased by 10.9% year-over-year to $80.6 million.
• The company reported a diluted net loss per share of $0.14 for Q4 2025, a decrease from diluted net earnings of $0.06 in Q4 2024.

AMC Networks generated 594803000 in revenue in Q4 2025, down 0.8% year-over-year, and reported a net loss attributable to stockholders of 55467000. Streaming revenues increased 14% to 177000000, offsetting declines in affiliate and advertising revenues.

• Net revenues decreased 0.8% to 594803000.
• Streaming revenues grew 14% to 177000000.

Vanda generated $57.2 million in total revenues in Q4 2025, up 8% year-over-year, driven by 25% growth in Fanapt sales. The company reported a net loss of $141.2 million, primarily due to a $113.7 million one-time non-cash tax charge.

• Total Q4 2025 revenues increased 8% year-over-year to $57.2 million.
• Fanapt net product sales grew 25% to $33.2 million in the quarter.

Nuvectis reported a net loss attributable to common shareholders of $28871000 for Q4 2025, with research and development expenses of $18153000 and general and administrative expenses of $9421000. Cash and cash equivalents increased to $31634000 as of December 31, 2025.

• Net loss attributable to common shareholders was $28871000.
• Research and development expenses totaled $18153000.

Granite Point Mortgage Trust Inc. reported a GAAP net loss of $(27.4) million for Q4 2025, or $(0.58) per basic weighted average common share. The company saw a net loan portfolio activity of $(30.2) million in unpaid principal balance and ended the quarter with $66.0 million in unrestricted cash.

• Recognized GAAP net loss attributable to common stockholders of $(27.4) million, or $(0.58) per basic weighted average common share.
• Net loan portfolio activity of $(30.2) million in unpaid principal balance, including $(45.0) million in loan repayments and $14.7 million in fundings.

Outset Medical reported a net loss of $19.5 million on revenue of $28.9 million for the fourth quarter of 2025. While revenue decreased by 2% year-over-year, gross profit increased by 14% and gross margin expanded significantly to 42.4%. The company also reduced operating expenses by 8% and improved its cash position, ending the year with $173 million in total cash.

• Net revenue for Q4 2025 was $28.9 million, a 2% decrease compared to Q4 2024.
• Gross profit increased by 14% to $12.2 million in Q4 2025, with gross margin expanding to 42.4% (42.9% non-GAAP).

Veru Inc. reported a net loss of $5.3 million, or $0.26 per share, for the fiscal 2026 first quarter, a notable improvement from the $8.9 million net loss in the prior year. The company also saw a substantial increase in cash, cash equivalents, and restricted cash, reaching $33.0 million.

• Net loss decreased to $5.3 million, or $0.26 per share, compared to $8.9 million, or $0.61 per share, in the prior year.
• Operating loss from continuing operations decreased to $5.4 million from $10.2 million in the same period last year.