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Pediatrix Medical Group (MD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Pediatrix Medical Group (MD) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $501M · 9¢ of every $1 of revenue kept as net profit · operating margin 13.0%
Pediatrix Medical Group made $501M in Q3 2026 (+2% Y/Y): Health Care Patient Service $434M, Hospitals Contracts $67.0M, Product and Service Other $700K. Operating margin 13.0%, net earnings $47.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
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 $501.4M in Q3 2026, up 2% year over year and up 3% from the previous quarter. Health Care Patient Service was the largest line at 87% of revenue. Health Care Patient Service added $11.5M year over year (up 3%), 136% of the total change. Product and Service Other declined 76%.
Operating profit was $65.2M, a 13.0% margin (down 0.8 points year over year). Operating profit fell $2.8M even though revenue rose $8.5M versus Q3 2025, so costs grew faster than sales. Total costs grew 3% against revenue growth of 2%. Net earnings were $47.0M, down 34% year over year. The effective tax rate was 27.7%.
Operating cash flow was $117.3M (down 15% year over year), 250% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items added $57.9M. Capital expenditures of $4.4M left free cash flow of $112.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $501M | +2% | 13.0% | $47.0M | $117M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $488M | +4% | 11.7% | $39.8M | $125M |
| Q1 2026 | 10-Q | May 5, 2026 | $476M | +4% | 8.7% | $29.6M | −$130M |
| Q4 2025 | 10-K | Feb 19, 2026 | $494M | -2% | 9.9% | $33.7M | $114M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $493M | -4% | 13.8% | $71.7M | $137M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $469M | -7% | 12.8% | $39.3M | $137M |
| Q1 2025 | 10-Q | May 6, 2025 | $458M | -7% | 7.0% | $20.7M | −$117M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Pediatrix Medical Group
Pediatrix is a leading provider of physician services including newborn, maternal-fetal, and other pediatric subspecialty care. Our national network is comprised of affiliated physicians who provide clinical care in 37 states. During 2024, we formalized our practice portfolio management plans, resulting in a decision to exit almost all of our affiliated office-based practices, other than maternal-fetal medicine. As of December 31, 2024, these plans were completed. Additionally, we exited our primary and urgent care service line during 2024 based on a review of the cost and time that would be required to build the platform to scale.
In its own words, from its 10-K, filed Feb 19, 2026.
Pediatrix Medical Group against its Services-Hospitals peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MD Pediatrix Medical Group | Q3 2026 | $501M | +2% | 13.0% |
| EHC Encompass Health | Q3 2026 | $1.6B | +9% | 17.9% |
Source: Pediatrix Medical Group 10-Q on SEC EDGAR · CIK 893949 · Services-Hospitals
13F: who owns MD and who is buying
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Pediatrix Medical Group guidance history: guided vs reported
- Pediatrix Medical Group operating margin by quarter
- Pediatrix Medical Group net income by quarter
- Pediatrix Medical Group free cash flow by quarter
- Pediatrix Medical Group capital expenditures by quarter
- Pediatrix Medical Group Health Care Patient Service revenue by quarter
- Pediatrix Medical Group Hospitals Contracts revenue by quarter
- Pediatrix Medical Group Product and Service Other revenue by quarter