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Getty Realty (GTY) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Getty Realty (GTY) reported revenue of $52.3M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -1% from the quarter before. Operating margin was 50.5%, net earnings $14.8M (28.3% of revenue).
Getty Realty, Q1 2025: revenue $52.3M (+7% year over year), operating margin 50.5%, net earnings $14.8M, operating cash flow $28.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.3M | -1% | +7% |
| Operating profit | $26.4M | -19% | +3% |
| Net earnings | $14.8M | -34% | -12% |
| Operating cash flow | $28.7M | -21% | -4% |
| Free cash flow | $28.6M | -20% | -4% |
What changed
Revenue was $52.3M in Q1 2025, up 7% year over year and down 1% from the previous quarter.
Operating profit was $26.4M, a 50.5% margin (down 2.1 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, below the 53% margin then. Total costs grew 12% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $14.8M, down 12% year over year. The effective tax rate was 0.0%.
Operating cash flow was $28.7M (down 4% year over year), 194% of net earnings. Non-cash charges added back $16.0M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $50K left free cash flow of $28.6M.
Questions
What was Getty Realty's revenue in the first quarter 2025?
Getty Realty (GTY) reported revenue of $52.3M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -1% from the quarter before.
Was Getty Realty profitable in the first quarter 2025?
Operating profit was $26.4M (50.5% of revenue) and net earnings $14.8M.
Source: Getty Realty 10-Q on SEC EDGAR.