Q3 2026 Revenue up 14% year over year to $347M · 21¢ of every $1 of revenue kept as net profit · operating margin 20.8%
Store Capital LLC made $347M in Q3 2026 (+14% Y/Y). Operating margin 20.8%, net earnings $71.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Revenue$347M
Year over year+14%
Operating margin20.8%
Net earnings$71.4M
Operating cash flow$220M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $347.3M in Q3 2026, up 14% year over year and down 1% from the previous quarter.
Operating profit was $72.4M, a 20.8% margin (up 9.7 points year over year). Of the extra revenue versus Q3 2025, 92% reached operating profit, above the 11% margin then. Total costs grew 1% against revenue growth of 14%. Net earnings were $71.4M, up 112% year over year. The effective tax rate was 0.7%.
Operating cash flow was $220.5M (up 6% year over year), 307% of net earnings. Non-cash charges added back $148.2M of depreciation and amortization.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 6, 2026
$347M
+14%
20.8%
$71.4M
$220M
Q2 2026
10-Q
Aug 7, 2026
$352M
+17%
29.0%
$101M
$225M
Q1 2026
10-Q
May 1, 2026
$342M
+12%
21.3%
$72.0M
$182M
Q4 2025
10-K
Mar 6, 2026
$328M
+6%
16.3%
$52.6M
$212M
Q3 2025
10-Q
Nov 7, 2025
$306M
+6%
11.2%
$33.8M
$208M
Q2 2025
10-Q
Aug 8, 2025
$302M
+8%
9.3%
$27.4M
$203M
Q1 2025
10-Q
May 2, 2025
$304M
+10%
13.8%
$52.0M
$172M
Charts
Latest (Q3 2026): Y/Y +14%, Q/Q -1%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $71.9M, Operating cash flow $220M.+21.6% since FY2019: more shares outstanding (issuance, stock pay).Cash $39.1M, short-term investments —, long-term debt $3.2B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
STORE Capital Corporation was incorporated under the laws of Maryland on May 17, 2011 and completed its initial public offering of its common stock on November 21, 2014. On February 3, 2023, STORE Capital Corporation was taken private in a transaction by entities affiliated with GIC, a global institutional investor, and funds managed by Blue Owl Capital, Inc. in which it merged into a merger subsidiary of Ivory Parent, LLC, a Delaware limited liability company, and Ivory SuNNNs LLC, a Delaware limited liability company (the “Merger”). As a result of the Merger, the separate existence of STORE Capital Corporation ceased, its common equity was no longer traded, and the surviving merger subsidiary changed its name to STORE Capital LLC.
In its own words, from its 10-Q, filed Aug 7, 2026.
Store Capital LLC against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +14%. Operating margin: 20.8% against the peers' median 20.6%.