Filing Flows › Concentra Group Holdings Parent (CON) › Q4 2025
Concentra Group Holdings Parent (CON) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Concentra Group Holdings Parent (CON) reported revenue of $539M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -6% from the quarter before. Operating margin was 12.9%, net earnings $34.7M (6.4% of revenue).
Concentra Group Holdings Parent, Q4 2025: revenue $539M (+16% year over year), operating margin 12.9%, net earnings $34.7M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $539M | -6% | +16% |
| Operating profit | $69.7M | -26% | +18% |
| Net earnings | $34.7M | -28% | +61% |
| Operating cash flow | $119M | +96% | +27% |
| Free cash flow | $98.6M | — | +28% |
What changed
Revenue was $539.1M in Q4 2025, up 16% year over year and down 6% from the previous quarter. Total occupational health center revenue was the largest line at 91% of revenue.
Operating profit was $69.7M, a 12.9% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 13% margin then. Total costs grew 16% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $34.7M, up 61% year over year. The effective tax rate was 15.4%.
Operating cash flow was $118.7M (up 27% year over year), 328% of net income including minority interests. Non-cash charges added back $20.3M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $58.6M. After net cash used in investing activities ($20.1M), free cash flow as the company reports it was $98.6M.
Questions
What was Concentra Group Holdings Parent's revenue in the fourth quarter 2025?
Concentra Group Holdings Parent (CON) reported revenue of $539M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -6% from the quarter before.
Was Concentra Group Holdings Parent profitable in the fourth quarter 2025?
Operating profit was $69.7M (12.9% of revenue) and net earnings $34.7M.