Q3 2026 Revenue up 4% year over year to $692M · 99¢ of every $1 of revenue kept as net profit · operating margin 107.4%
Americold Realty Trust made $692M in Q3 2026 (+4% Y/Y): Warehouse services $361M, Warehouse rent and storage $240M, Transportation $62.2M. Operating margin 107.4%, net earnings $683M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Revenue$692M
Year over year+4%
Operating margin107.4%
Net earnings$683M
Operating cash flow$84.3M
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 $691.6M in Q3 2026, up 4% year over year and up 4% from the previous quarter. Warehouse services was the largest line at 52% of revenue. Transportation added $14.4M year over year (up 30%), 52% of the total change. Warehouse rent and storage declined 3%.
Operating profit was $742.7M, a 107.4% margin (up 104.9 points year over year). Of the extra revenue versus a year earlier, 2603% reached operating profit, above the 3% margin then. Net earnings were $683.4M. The effective tax rate was 0.9%.
Operating cash flow was $84.3M (up 7% year over year), 12% of net earnings. Non-cash charges added back $105.7M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $717.8M. Capital expenditures of $96.1M exceeded it, leaving free cash flow of −$11.8M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 5, 2026
$692M
+4%
107.4%
$683M
$84.3M
Q2 2026
10-Q
Aug 6, 2026
$663M
+2%
-43.4%
−$346M
$100M
Charts
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 $691M, Operating cash flow $84.3M.+38.1% since FY2020: more shares outstanding (issuance, stock pay).Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Americold (NYSE: COLD) is a global leader in temperature-controlled logistics and real estate, supporting the safe, efficient movement of food worldwide. We connect producers, processors, distributors, and retailers. Leveraging deep industry expertise, advanced technology, and sustainable practices, Americold delivers reliable cold storage and transportation solutions that create lasting value for customers and communities. We operate as a self-administered and self-managed publicly traded real estate investment trust (“REIT”) with proven operating, development and acquisition expertise.
In its own words, from its 10-K, filed Feb 26, 2026.
Americold Realty Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +11%. Operating margin: 107.4% against the peers' median 20.6%.