Filing Flows › CareTrust REIT (CTRE) › Q3 2025
CareTrust REIT (CTRE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
CareTrust REIT (CTRE) reported revenue of $132M for the third quarter 2025 (Q3 2025), +71% from a year earlier and +18% from the quarter before. Operating margin was 55.9%, net earnings $74.9M (56.6% of revenue).
CareTrust REIT, Q3 2025: revenue $132M (+71% year over year), operating margin 55.9%, net earnings $74.9M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | +18% | +71% |
| Operating profit | $74.1M | +18% | +115% |
| Net earnings | $74.9M | +9% | +124% |
| Operating cash flow | $101M | +0.1% | +50% |
| Free cash flow | $97.7M | — | +52% |
What changed
Revenue was $132.4M in Q3 2025, up 71% year over year and up 18% from the previous quarter.
Operating profit was $74.1M, a 55.9% margin (up 11.5 points year over year). Of the extra revenue versus a year earlier, 72% reached operating profit, above the 44% margin then. Total costs grew 36% against revenue growth of 71%. The fastest-growing cost line was General & admin (+131%). Net earnings were $74.9M, up 124% year over year. The effective tax rate was 2.7%.
Operating cash flow was $100.9M (up 50% year over year), 135% of net earnings. Non-cash charges added back $26.7M of depreciation and amortization and $2.5M of share-based compensation. Capital expenditures of $3.2M left free cash flow of $97.7M.
Questions
What was CareTrust REIT's revenue in the third quarter 2025?
CareTrust REIT (CTRE) reported revenue of $132M for the third quarter 2025 (Q3 2025), +71% from a year earlier and +18% from the quarter before.
Was CareTrust REIT profitable in the third quarter 2025?
Operating profit was $74.1M (55.9% of revenue) and net earnings $74.9M.
Source: CareTrust REIT 10-Q on SEC EDGAR.