Filing Flows › Pediatrix Medical Group (MD) › Q3 2025
Pediatrix Medical Group (MD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Pediatrix Medical Group (MD) reported revenue of $493M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +5% from the quarter before. Operating margin was 13.8%, net earnings $71.7M (14.5% of revenue).
Pediatrix Medical Group, Q3 2025: revenue $493M (-4% year over year), operating margin 13.8%, net earnings $71.7M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $493M | +5% | -4% |
| Operating profit | $68.1M | +14% | +101% |
| Net earnings | $71.7M | +83% | +269% |
| Operating cash flow | $137M | +0.1% | +49% |
| Free cash flow | $132M | -0.5% | +54% |
What changed
Revenue was $492.9M in Q3 2025, down 4% year over year and up 5% from the previous quarter. Health Care Patient Service was the largest line at 86% of revenue. Health Care Patient Service lost $16.5M year over year (down 4%), 90% of the total change.
Operating profit was $68.1M, a 13.8% margin (up 7.2 points year over year). Total costs fell 11% while revenue fell 4%. Net earnings were $71.7M, up 269% year over year. The effective tax rate was 18.3%. Non-operating items added $19.7M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $137.3M (up 49% year over year), 191% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $54.9M. Capital expenditures of $5.3M left free cash flow of $131.9M.
Questions
What was Pediatrix Medical Group's revenue in the third quarter 2025?
Pediatrix Medical Group (MD) reported revenue of $493M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +5% from the quarter before.
Was Pediatrix Medical Group profitable in the third quarter 2025?
Operating profit was $68.1M (13.8% of revenue) and net earnings $71.7M.