1,673 material Form 8-K filings that 1,260 companies we cover made with the SEC in February 2026, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
PG&E Corporation reported fourth-quarter and full-year 2025 results, with full-year GAAP EPS of $1.18 versus $1.15 in 2024 and non-GAAP core EPS of $1.50 versus $1.36. The company narrowed its 2026 non-GAAP core EPS guidance to $1.64-$1.66 per share from $1.62-$1.66, raising the low end, and lowered its customer bill inflation target to 0-3% from 2-4%.
Full-year 2025 GAAP income available for common shareholders was $2,593 million, or $1.18 per diluted share, versus $2,475 million, or $1.15, in 2024.
Full-year 2025 non-GAAP core earnings were $3,307 million, or $1.50 per diluted share, versus $2,923 million, or $1.36, in 2024; fourth-quarter core EPS was $0.36 versus $0.31.
Fourth-quarter 2025 GAAP EPS was $0.29 versus $0.30 a year earlier; non-core items totaled $714 million after tax, or $0.32 per share, for the full year.
Watts Water Technologies reported fourth-quarter 2025 net sales of $625.1 million, up 16% on a reported basis and 8% organically, with diluted EPS of $2.50, up 24%. The company also gave a full-year 2026 outlook calling for reported sales growth of 8% to 12%, and operating margin of 18.8% to 19.4%. The results include three acquisitions completed in November 2025, which added to reported sales growth.
Q4 2025 net sales were $625.1 million, up 16% reported and 8% organic; diluted EPS was $2.50 versus $2.02 a year earlier.
Full-year 2025 net sales were $2.44 billion, up 8%; net income was $340.8 million and diluted EPS was $10.17, up 17%.
2026 outlook: reported sales growth of 8% to 12% and organic growth of 2% to 6%; operating margin of 18.8% to 19.4%.
Full-year 2025 share repurchases totaled $16.0 million; about $129 million remains under the 2023 program.
Ameren reported 2025 GAAP net income attributable to common shareholders of $1,456 million, or $5.35 per diluted share, up from $1,182 million, or $4.42, in 2024. The company affirmed its 2026 EPS guidance of $5.25 to $5.45 and issued EPS growth guidance of 6% to 8% compounded annually from 2026 through 2030.
2025 GAAP diluted EPS was $5.35 vs. $4.42 in 2024; adjusted EPS was $5.03 vs. $4.63.
Fourth-quarter 2025 GAAP diluted EPS was $0.92 vs. $0.77; total operating revenues were $1,782 million vs. $1,941 million.
2026 EPS guidance affirmed at $5.25 to $5.45 per diluted share; 6% to 8% compound annual growth guidance for 2026 through 2030.
Multi-year growth is expected to be driven by $31.8 billion of infrastructure investments.
Cognex reported fourth-quarter 2025 revenue of $252 million, up 10% from a year earlier, and full-year revenue of $994 million, up 9%. Its board also declared a $0.085 quarterly dividend and authorized an additional $500 million share repurchase, and the company guided first-quarter 2026 revenue to $235 million to $255 million.
Q4 2025 revenue was $252 million vs. $230 million in Q4 2024; diluted GAAP EPS was $0.19 vs. $0.16
Full-year 2025 revenue was $994 million, up 9%; full-year diluted GAAP EPS was $0.68 vs. $0.62
Q1 2026 guidance: revenue of $235 million to $255 million and adjusted diluted EPS of $0.22 to $0.26
Dividend of $0.085 per share payable March 12, 2026 to holders of record on February 26, 2026; new $500 million repurchase authorization added to $115 million remaining
Tyler Technologies reported fourth-quarter 2025 total revenues of $575.2 million, up 6.3%, with GAAP diluted EPS of $1.50, up 0.5%, and non-GAAP diluted EPS of $2.64, up 7.8%. The company also issued 2026 guidance calling for total revenues of $2.50 billion to $2.55 billion and non-GAAP diluted EPS of $12.40 to $12.65. The filing does not compare the 2026 outlook with earlier guidance, and the fourth quarter included a non-cash loss reserve of about $9.7 million tied to a contract dispute.
Q4 2025 total revenues were $575.2 million, up 6.3%; GAAP net income was $65.5 million, or $1.50 per diluted share.
Q4 2025 results included a non-cash loss reserve of about $9.7 million related to a previously disclosed contract dispute.
2026 guidance: total revenues of $2.50 billion to $2.55 billion; GAAP diluted EPS of $8.36 to $8.61; non-GAAP diluted EPS of $12.40 to $12.65.
A new $1 billion share repurchase program was recently announced by the board; the company repurchased $175 million of stock in 2025.
Four Corners Property Trust (FCPT) reported fourth-quarter and full-year 2025 results on February 11, 2026, with higher net income, revenue and per-share AFFO and FFO than a year earlier. The filing also says management will present a company overview at upcoming investor presentations, and an earnings call is scheduled for February 12, 2026.
Q4 2025 net income attributable to common shareholders was $29.4 million, or $0.28 per diluted share, versus $26.2 million, or $0.27, in Q4 2024.
Full-year 2025 AFFO per diluted share was $1.78, up from $1.73; NAREIT-defined FFO per diluted share was $1.68, up from $1.65.
FCPT acquired 105 properties in 2025 for a combined $317.9 million and sold no properties during the year.
Q4 2025 dividend was $0.3665 per share, an increase of 3.2% over the prior quarter.
Getty Realty reported fourth quarter and full year 2025 results, with net earnings, FFO and AFFO per share all higher than in 2024. The company reaffirmed its 2026 AFFO guidance of $2.48 to $2.50 per diluted share.
Q4 2025 net earnings were $0.45 per share, up from $0.39; revenues from rental properties were $60.0 million, up from $52.2 million.
Full year 2025 AFFO was $2.43 per share, up from $2.34 in 2024; FFO was $2.34 per share, up from $2.21.
The company reaffirmed 2026 AFFO guidance of $2.48 to $2.50 per diluted share.
In 2025 the company invested $268.8 million at a 7.9% initial cash yield and reported more than $500 million of liquidity.
Primerica reported fourth quarter 2025 net income of $197.0 million, up 18% from continuing operations a year earlier, with diluted EPS of $6.13 versus $4.98. Total revenues rose 8% to $853.7 million, and the company also declared a 15% higher quarterly dividend of $1.20 per share and authorized a new $475 million share repurchase program through December 31, 2026.
Q4 2025 net income $197.0 million, up 18%; diluted EPS $6.13, up 23% from $4.98
Full-year 2025 net income $751.2 million, up 4%; diluted EPS $22.91, up 9%
Quarterly dividend raised 15% to $1.20 per share, payable March 13, 2026
New $475 million share repurchase program authorized through December 31, 2026
Comstock reported fourth quarter 2025 net income of $286.8 million, or $0.97 per diluted share, compared with a net loss of $55.3 million a year earlier. The result was helped by a $292.3 million pre-tax gain on the Shelby Trough sale, while adjusted net income was $46.1 million, or $0.16 per diluted share, flat with the prior-year quarter. The company also plans to raise its 2026 operating rig count from eight to nine.
Q4 2025 total revenues were $789.8 million, up from $366.5 million a year earlier.
Natural gas and oil sales including hedging were $364.0 million, up from $336.1 million.
Adjusted net income was $46.1 million, or $0.16 per diluted share, versus $46.3 million, or $0.16, in Q4 2024.
The company plans to spend $1.4 billion to $1.5 billion on development and exploration in 2026, and $100 million to $150 million on its Western Haynesville midstream system.
Service Corporation International reported fourth quarter 2025 revenue of $1,111.5 million, up 2% from a year earlier, and GAAP diluted earnings per share of $1.13, up 9%. Adjusted diluted earnings per share, which excludes special items, rose 8% to $1.14. The company also gave 2026 guidance of $4.05 to $4.35 in adjusted diluted earnings per share, which it said is within its long-term growth framework of 8% to 12%.
Q4 2025 revenue $1,111.5 million, up $19 million or 2% from Q4 2024
Full-year 2025 revenue $4,309.2 million, up $123 million or 3%; full-year GAAP diluted EPS $3.80, adjusted EPS $3.85 (up 9%)
Q2 Holdings reported fourth-quarter 2025 revenue of $208.2 million, up 14% year over year, and GAAP net income of $20.4 million, compared with $0.2 million a year earlier. For full-year 2025, revenue was $794.8 million and GAAP net income was $52.0 million, versus a net loss of $38.5 million in 2024. The company also raised its full-year 2026 subscription revenue growth outlook and gave 2026 revenue guidance of $871.0 million to $878.0 million.
Q4 2025 GAAP diluted EPS was $0.31, compared with $0.00 in Q4 2024; Q4 GAAP net income was $20.4 million.
Full-year 2025 revenue was $794.8 million, up 14%, and adjusted EBITDA was $186.5 million, up from $125.3 million in 2024.
2026 guidance: total revenue of $871.0 million to $878.0 million and adjusted EBITDA of $225.0 million to $230.0 million.
Total committed backlog was approximately $2.7 billion at December 31, 2025, up 21% year over year.
Essential Properties Realty Trust reported fourth quarter 2025 results on February 11, 2026, with net income per diluted share of $0.34, up 13%, and AFFO per diluted share of $0.49, up 9%. The company raised its 2026 AFFO per share guidance to a range of $1.99 to $2.04, which matters to shareholders because it is the company's forward estimate of its core cash earnings per share.
Q4 2025 net income per diluted share was $0.34, up 13%; FFO per diluted share was $0.54, up 15%.
Full-year 2025 AFFO per diluted share was $1.89, up 9%, and net income per diluted share was $1.28, up 11%.
2026 AFFO per share guidance was raised to $1.99 to $2.04, with investment volume estimated at $1.0 billion to $1.4 billion.
Q4 2025 investments totaled $295.8 million at a 7.7% weighted average cash cap rate; the Q4 dividend was $0.31 per share, paid January 14, 2026.
Morgan Stanley's Compensation Committee set Chairman and CEO Edward Pick's total 2025 compensation at $45 million, citing the firm's record 2025 results. The committee said 75% of his bonus is deferred over three years and subject to cancellation, and 100% of the deferred bonus is paid in performance-vested equity, tying his pay to shareholder interests.
2025 net revenues were a record $70.6 billion, up approximately 14% year over year, and EPS was a record $10.21
Net income applicable to Morgan Stanley was approximately $16.9 billion, and pre-tax profit was $22.0 billion, up approximately 25%
Total compensation for Pick is $45 million; 75% of his bonus is deferred over three years and subject to cancellation
Full compensation details will appear in the 2026 proxy statement, expected to be filed in April 2026
First American Financial reported fourth-quarter 2025 net income of $212 million, or $2.05 per diluted share, versus $72 million, or 69 cents, a year earlier, with total revenue of $2.0 billion, up 22%. For the full year, EPS was $6.00 versus $1.26, and the company said it expects moderate purchase growth and a meaningful pickup in refinance activity in 2026, without giving numeric guidance.
Q4 2025 diluted EPS $2.05 vs. 69 cents a year earlier; adjusted EPS $1.99 vs. $1.35
Q4 total revenue $2.0 billion, up 22%; Title Insurance and Services pretax margin 14.9% vs. 7.9%
Full year 2025 diluted EPS $6.00 vs. $1.26; repurchased 2.1 million shares for $122 million
Annual dividend rate raised 2% to $2.20 per share; 2026 outlook gives no numeric targets
Palomar Holdings reported fourth-quarter 2025 net income of $56.2 million, or $2.06 per diluted share, up from $35.0 million, or $1.29 per diluted share, a year earlier, on gross written premiums that rose 31.8% to $492.6 million. The company also guided to full-year 2026 adjusted net income of $260 million to $275 million, including $8 million to $12 million of expected catastrophe losses.
Q4 2025 net income of $56.2 million ($2.06 per diluted share), up 60.6% from $35.0 million ($1.29 per diluted share) in Q4 2024
Q4 2025 adjusted net income of $61.1 million ($2.24 per diluted share), up 48.0% from $41.3 million
Q4 2025 gross written premiums rose 31.8% to $492.6 million; combined ratio was 76.8% versus 75.9% a year earlier
2026 outlook: adjusted net income of $260 million to $275 million, including $8 million to $12 million of catastrophe losses
Motorola Solutions reported fourth-quarter and full-year 2025 results on February 11, 2026. Full-year sales rose 8% to $11.7 billion, GAAP EPS rose 38% to $12.75, and non-GAAP EPS rose 11% to $15.38, and the company gave 2026 guidance of about $12.7 billion in revenue and non-GAAP EPS of $16.70 to $16.85.
Fourth-quarter sales were $3.4 billion, up 12% from the prior year; full-year sales were $11.7 billion, up 8%.
Full-year GAAP EPS was $12.75, up from $9.23; non-GAAP EPS was $15.38, up 11% from $13.84.
For 2026, the company expects revenue of about $12.7 billion and non-GAAP EPS of $16.70 to $16.85; first-quarter non-GAAP EPS is expected at $3.20 to $3.25.
Full-year operating cash flow was $2.8 billion, up 19%; the company repurchased $490 million of stock in the fourth quarter.
Safehold reported fourth-quarter and full-year 2025 results on February 11, 2026. Quarterly revenue rose 7% to $97.9 million and GAAP earnings per share rose 8% to $0.39, though a $2.2 million loss on early debt extinguishment reduced results. The company also reported a credit rating upgrade to A- from S&P and a $400 million unsecured term loan.
Q4 2025 revenue was $97.9 million, up from $91.9 million in Q4 2024; full-year revenue was $385.6 million, up from $365.7 million.
Q4 2025 GAAP EPS was $0.39 versus $0.36 a year earlier; excluding non-recurring losses, EPS was $0.42.
Full-year 2025 GAAP EPS was $1.59 versus $1.48 in 2024; excluding non-recurring losses, EPS was $1.65.
S&P upgraded Safehold to A-, and the company closed a $400 million 5-year unsecured term loan.
Equinix reported fourth-quarter 2025 revenue of $2.420 billion, up from $2.261 billion a year earlier, and net income attributable to common stockholders of $265 million, compared with a $14 million loss in the same quarter of 2024. The company also gave 2026 guidance for revenue of $10.123 billion to $10.223 billion and increased its quarterly dividend by 10% to $5.16 per share, which shareholders would receive.
Q4 2025 revenue of $2.420 billion vs. $2.261 billion a year earlier; full-year 2025 revenue of $9.217 billion, up 5%
Q4 2025 diluted EPS of $2.69 vs. a $(0.14) loss a year earlier; full-year 2025 diluted EPS of $13.76
2026 guidance: revenue of $10.123 to $10.223 billion and AFFO per share of $41.93 to $42.74
Quarterly cash dividend increased 10% to $5.16 per share, the 11th consecutive year of dividend growth
HubSpot reported fourth-quarter and full-year 2025 results on February 11, 2026, with Q4 revenue up 20% from a year earlier and GAAP net income of $54.4 million, compared with $4.9 million in Q4 2024. The company also issued 2026 guidance calling for revenue of $3.69 billion to $3.70 billion and non-GAAP net income per diluted share of $12.38 to $12.46, and its board authorized a $1.0 billion share repurchase program.
Q4 2025 total revenue was $846.7 million, up 20% as reported and 18% in constant currency.
Q4 2025 GAAP net income was $54.4 million, or $1.04 per basic and diluted share, versus $4.9 million in Q4 2024.
Full-year 2026 guidance: revenue of $3.69 billion to $3.70 billion and non-GAAP net income per diluted share of $12.38 to $12.46.
On February 7, 2026, the board authorized repurchases of up to $1.0 billion of common stock over up to 24 months.
STAG Industrial reported fourth-quarter 2025 net income attributable to common stockholders of $83.4 million, or $0.44 per diluted share, up from $0.28 a year earlier. Core FFO per diluted share rose 8.2% to $0.66, and full-year Core FFO per diluted share rose 6.3% to $2.55. The filing contains no new financial guidance, so these results are the main data for shareholders.
Q4 2025 net income attributable to common stockholders was $83.4 million, or $0.44 per diluted share, versus $50.9 million, or $0.28, in Q4 2024.
Full-year 2025 Core FFO per diluted share was $2.55, up 6.3% from $2.40 in 2024.
Same Store Cash NOI rose 5.4% to $148.5 million in Q4 2025 from $140.8 million a year earlier.
The company acquired seven buildings for $285.9 million in Q4 2025 and sold eight buildings for $88.8 million.
AppLovin reported fourth quarter 2025 revenue of $1.66 billion, up 66% from a year earlier, and net income of $1.10 billion, up 84%. For the full year, revenue was $5.48 billion, up 70%, and it guided first quarter 2026 revenue to $1.745 billion to $1.775 billion.
Q4 2025 diluted EPS was $3.24, versus $1.73 in Q4 2024; full-year 2025 diluted EPS was $9.75, versus $4.53 in 2024.
Q4 2025 Adjusted EBITDA was $1.40 billion, up 82%; full-year Adjusted EBITDA was $4.51 billion, up 87%.
Q1 2026 guidance: revenue of $1.745 billion to $1.775 billion and Adjusted EBITDA of $1.465 billion to $1.495 billion, at an 84% margin.
Full-year 2025 repurchases and share withholdings cost $2.58 billion; 338 million Class A and Class B shares were outstanding at year-end.
Cisco reported fiscal second-quarter 2026 revenue of $15.3 billion, up 10% year over year, with GAAP earnings of $0.80 per share, up 31%, and non-GAAP earnings of $1.04 per share, up 11%. The company guided fiscal third-quarter revenue to $15.4 billion to $15.6 billion and fiscal 2026 revenue to $61.2 billion to $61.7 billion, and raised its quarterly dividend 2% to $0.42 per share. The filing does not state prior guidance, so it does not show whether the new outlook is above or below earlier expectations.
Revenue of $15.3 billion for the quarter ended January 24, 2026, up 10% from $14.0 billion; product revenue up 14%, services revenue down 1%
GAAP net income of $3.2 billion, or $0.80 per share, up 31%; non-GAAP EPS of $1.04, up 11%
Q3 fiscal 2026 guidance: revenue $15.4 billion to $15.6 billion and non-GAAP EPS $1.02 to $1.04; fiscal 2026 revenue $61.2 billion to $61.7 billion
Quarterly dividend increased to $0.42 per share, payable April 22, 2026 to holders of record as of April 2, 2026
Rollins reported unaudited fourth-quarter and full-year 2025 results on February 11, 2026. Fourth-quarter revenue rose 9.7% to $913 million and GAAP EPS rose 9.1% to $0.24 per diluted share, while full-year revenue reached $3.8 billion and GAAP EPS reached $1.09. The company gave qualitative 2026 expectations, such as another year of organic growth, but no numeric guidance.
Q4 revenue of $913 million rose 9.7%, with organic revenue up 5.7%
Q4 operating margin was 17.5%, down 60 basis points; operating cash flow fell 12.4% to $165 million
Full-year revenue of $3.8 billion rose 11.0%; GAAP EPS of $1.09 rose 13.5%
Management cited erratic weather that hurt Q4 one-time and seasonal work; the 2026 outlook has no numeric targets
CoreCivic reported fourth-quarter 2025 revenue of $604.0 million, up 26% from a year earlier, and net income of $26.5 million, or $0.26 per diluted share, up from $0.17. The company also introduced full-year 2026 guidance calling for net income of $147.5 million to $157.5 million and diluted EPS of $1.49 to $1.59.
Q4 2025 net income $26.5 million ($0.26 diluted EPS) vs. $19.3 million ($0.17) in Q4 2024
Full-year 2025 revenue $2.2 billion, up 13%; net income $116.5 million, up 69%
2026 guidance: net income $147.5 million to $157.5 million; diluted EPS $1.49 to $1.59
Q4 2025 included $3.6 million of facility net operating losses at California City and Diamondback; $300.5 million remained under the buyback program at December 31, 2025
McDonald's reported fourth-quarter 2025 revenue of $7.0 billion, up 10%, and diluted earnings per share of $3.03, up 8%. For the full year, diluted EPS rose 5% to $11.95, and the company declared a 5% increase in its quarterly dividend to $1.86 per share. Results included restructuring-related pre-tax charges, and the filing says these charges will continue through 2027 under the Accelerating the Organization effort.
Fourth-quarter global comparable sales rose 5.7%, with U.S. comparable sales up 6.8%.
Full-year 2025 revenue was $26.9 billion, up 4%, and net income was $8.6 billion, up 4%.
Fourth-quarter results included $80 million in pre-tax charges, or $0.09 per share, mainly for restructuring; the quarterly dividend was raised to $1.86 per share.
Neurocrine Biosciences reported fourth-quarter 2025 total revenues of $805.5 million, up from $627.7 million a year earlier, and GAAP diluted earnings per share of $1.48, up from $1.00. It also gave 2026 full-year guidance for INGREZZA net product sales of $2.7 billion to $2.8 billion, compared with $2.51 billion in 2025, which gives shareholders a revenue benchmark for the year ahead.
Q4 2025 total revenues were $805.5 million versus $627.7 million in Q4 2024; GAAP net income was $153.7 million versus $103.1 million.
Full-year 2025 net product sales were $2.83 billion, up 22%; CRENESSITY net product sales were $301.2 million versus $1.7 million in 2024.
2026 guidance: INGREZZA net product sales of $2.7 billion to $2.8 billion; GAAP R&D expense of $1.2 billion to $1.25 billion; GAAP SG&A expense of $1.375 billion to $1.4 billion.
Cash, cash equivalents, and marketable securities totaled approximately $2.54 billion at December 31, 2025.
United Fire Group reported fourth quarter 2025 net income of $38.4 million, up from $31.4 million a year earlier, and full year 2025 net income of $118.2 million, up from $62.0 million in 2024. The board also raised the quarterly cash dividend 25% to $0.20 per share from $0.16, payable March 10, 2026 to holders of record on February 24, 2026.
Q4 2025 net income $38.4 million, or $1.45 per diluted share, versus $31.4 million, or $1.21, in Q4 2024
Q4 2025 combined ratio improved to 92.3% from 94.4%; net written premium rose 11% to $309.7 million
Full year 2025 net income $118.2 million, or $4.48 per diluted share, versus $2.39 in 2024
Quarterly dividend raised to $0.20 per share; payable March 10, 2026 to holders of record as of February 24, 2026
SIFCO Industries reported first quarter fiscal 2026 results for the three months ended December 31, 2025. Net sales rose 14.8% to $24.0 million, and net income from continuing operations was $1.8 million, compared with a loss of $2.4 million a year earlier. Management attributed the improvement mainly to increased production throughput and lower fixed costs.
Net sales were $24.0 million, up 14.8% from $20.9 million a year earlier.
Net income from continuing operations was $1.8 million, or $0.29 per diluted share, versus a net loss of $2.4 million, or $(0.40) per diluted share, a year earlier.
EBITDA was $3.6 million, compared with $(0.8) million; Adjusted EBITDA was $3.9 million, compared with $(0.2) million.
The company said order backlog remains stable in both commercial and defense end markets.
Tractor Supply's Board raised the annualized dividend by $0.04, or 4.3%, to $0.96 per share for 2026, its 17th consecutive year of dividend increases. The Board also appointed Sonia Syngal, former CEO of Gap Inc., as an independent director, bringing the board to 10 members.
Quarterly cash dividend of $0.24 per share, payable March 10, 2026, to holders of record at the close of business on February 24, 2026
Annualized dividend of $0.96 per share for 2026, up $0.04, or 4.3%, year over year
Sonia Syngal appointed effective February 10, 2026, with an initial term ending at the 2026 Annual Meeting of Shareholders
Syngal served as CEO of Gap Inc. from 2020 to 2022 and is considered independent under NASDAQ listing standards
Wabtec reported fourth quarter 2025 sales of $2.97 billion, up 14.8%, and adjusted earnings per diluted share of $2.10, up 25.0%, while GAAP earnings per diluted share fell 4.1% to $1.18. The company guided 2026 adjusted EPS to $10.05 to $10.45 and sales to $12.19 billion to $12.49 billion, and raised its quarterly dividend 24% to 31 cents and its share buyback authorization to $1.2 billion.
Q4 2025 sales were $2.97 billion, up 14.8%; GAAP EPS was $1.18, down 4.1%; adjusted EPS was $2.10, up 25.0%
Full-year 2025 sales were $11.17 billion, GAAP EPS $6.83 (up 13.1%) and adjusted EPS $8.97 (up 18.7%)
2026 guidance: sales of $12.19 billion to $12.49 billion and adjusted EPS of $10.05 to $10.45, which the company says includes the Dellner Couplers acquisition closed February 10, 2026
Board raised the quarterly dividend 24% to 31 cents per share, payable March 2, 2026, and increased the share repurchase authorization to $1.2 billion
Shopify reported fourth-quarter 2025 revenue of $3.67 billion, up 31% from a year earlier, and full-year revenue of $11.56 billion, up 30%. Operating income rose to $631 million from $465 million, while reported net income fell to $743 million from $1.29 billion, which the company ties to equity investment valuations. The board also authorized a repurchase of up to $2.0 billion of Class A subordinate voting shares, effective February 17, 2026.
Q4 2025 revenue $3.67 billion, up 31% from $2.81 billion; full-year revenue $11.56 billion, up 30%
Q4 operating income $631 million versus $465 million; reported net income $743 million versus $1.29 billion, with net income excluding equity investments at $594 million versus $458 million
Buyback of up to $2.0 billion takes effect February 17, 2026, has no fixed expiration and is capped at 5% of Class A shares; Q1 2026 revenue growth expected in the low-thirties percent range
Healthcare Services Group reported fourth-quarter 2025 revenue of $466.7 million, up 6.6%, and net income of $31.2 million, or $0.44 per diluted share, versus $0.16 a year earlier. For the full year, revenue rose 7.1% to $1.84 billion and diluted EPS was $0.81, up from $0.53, and the company expects mid-single-digit revenue growth in 2026. The board also authorized a new buyback of up to 10.0 million shares, with the company planning to repurchase $75.0 million of stock over the next 12 months.
Q4 2025 revenue $466.7 million, up 6.6%; net income $31.2 million, diluted EPS $0.44 versus $0.16 in Q4 2024
Full-year 2025 revenue $1.84 billion, up 7.1%; diluted EPS $0.81 versus $0.53 in 2024
New buyback authorizes up to 10.0 million shares; company plans to repurchase $75.0 million over the next 12 months
2026 outlook calls for mid-single-digit revenue growth; Q4 cash flow from operations was $17.4 million, or $36.4 million excluding the payroll accrual change
Urban Edge Properties reported full-year 2025 net income attributable to common shareholders of $93.5 million, or $0.74 per diluted share, up from $72.6 million, or $0.60, in 2024. Fourth-quarter net income fell to $12.4 million from $30.1 million because the year-earlier quarter included a $23.5 million gain on a property sale. The company also raised its quarterly dividend 11% to $0.21 per share and projected 2026 FFO of $1.47 to $1.52 per diluted share.
Full-year 2025 FFO as Adjusted was $1.43 per diluted share, up from $1.35 in 2024; the company said this was ahead of its target.
Fourth-quarter 2025 net income was $0.10 per diluted share, compared with $0.24 in the fourth quarter of 2024.
The Board declared a $0.21 quarterly dividend on February 10, 2026, payable March 31, 2026 to holders of record on March 13, 2026.
2026 guidance: net income of $0.49 to $0.54 per diluted share and FFO of $1.47 to $1.52 per diluted share, about 4.5% growth at the midpoint.
Ryder reported fourth-quarter 2025 GAAP earnings per share from continuing operations of $3.25, up from $3.11 a year earlier, on total revenue of $3.2 billion, flat year over year. The company also gave 2026 guidance, forecasting comparable EPS of $13.45 to $14.45 against $12.92 reported for full-year 2025, which it says reflects another year of earnings growth.
Q4 2025 GAAP EPS from continuing operations was $3.25 versus $3.11; comparable EPS was $3.59 versus $3.45.
Q4 total revenue was $3,175 million versus $3,189 million; operating revenue (non-GAAP) was $2,628 million versus $2,617 million.
Full-year 2026 outlook: GAAP EPS of $12.80 to $13.80, comparable EPS of $13.45 to $14.45, and free cash flow of $700 million to $800 million.
Q1 2026 comparable EPS is expected at $2.10 to $2.35, and management said Q1 will face the most difficult year-over-year comparisons.
Tenet Healthcare reported fourth-quarter 2025 net income available to common shareholders of $371 million, or $4.22 per diluted share, up from $318 million, or $3.32, a year earlier. It also gave a full-year 2026 outlook, with Adjusted EBITDA expected between $4.485 billion and $4.785 billion, and disclosed a CommonSpirit agreement involving $1.9 billion in payments tied to Conifer Health Solutions.
Q4 2025 net operating revenues were $5.527 billion, up 8.9% from $5.073 billion in Q4 2024.
Q4 2025 adjusted diluted EPS rose 36.6% to $4.70 from $3.44; Adjusted EBITDA rose 12.9% to $1.183 billion.
Full-year 2025 net income available to common shareholders was $1.407 billion, or $15.49 per diluted share, versus $3.2 billion in 2024, which included a $2.916 billion pre-tax gain on hospital divestitures.
FY 2026 outlook: net operating revenues of $21.5 billion to $22.3 billion and Adjusted EBITDA of $4.485 billion to $4.785 billion.
NiSource reported full-year 2025 results, with GAAP net income available to common shareholders of $929.5 million, or $1.95 per diluted share, up from $739.7 million, or $1.62, in 2024. Adjusted EPS was $1.90, above the company's 2025 guidance range, and it reaffirmed 2026 adjusted EPS guidance of $2.02 to $2.07, so shareholders see both higher reported earnings and an unchanged outlook.
GAAP net income available to common shareholders rose to $929.5 million ($1.95 per diluted share) in 2025, from $739.7 million ($1.62) in 2024.
Adjusted EPS was $1.90 for 2025, compared with $1.75 in 2024, and above the 2025 guidance range.
FFO/Debt exceeded the 2025 non-GAAP guidance range.
The company reaffirmed 2026 non-GAAP consolidated adjusted EPS guidance of $2.02 to $2.07 and expects approximately $28.0 billion of capital investment from 2026 to 2030.
SharkNinja reported fourth-quarter 2025 net sales of $2.1 billion, up 17.6%, and net income of $255.2 million, up 98.3%. The company also gave fiscal 2026 guidance calling for net sales growth of 10% to 11%, and its Board authorized a $750 million share repurchase program with no expiration date.
Q4 2025 net income rose 98.3% to $255.2 million, or $1.80 per diluted share, versus $0.91 a year earlier; Adjusted Net Income per diluted share rose 37.9% to $1.93.
Full-year 2025 net sales rose 15.7% to $6,399.2 million, and net income rose 59.9% to $701.4 million.
Fiscal 2026 outlook: net sales up 10.0% to 11.0%; Adjusted Net Income per diluted share of $5.90 to $6.00.
The $750 million buyback may be used over time at management's discretion; the company expects to begin in fiscal 2026 and does not expect to borrow to fund it.
Vertiv reported fourth-quarter 2025 net sales of $2,880 million, up 23% from a year earlier, and diluted EPS of $1.14 versus $0.38. The company also guided full-year 2026 net sales to $13,250 million-$13,750 million and adjusted diluted EPS to $5.97-$6.07, and said backlog reached $15.0 billion. Shareholders get stronger reported profit and a higher outlook, but first-quarter 2026 guidance is set below the fourth-quarter sales level.
Q4 2025 net sales $2,880 million, up 23%; net income $445.6 million versus $147.0 million a year earlier
Q4 2025 operating cash flow $1,005 million; adjusted free cash flow $910 million; about $1 billion spent on acquisitions in the quarter
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