Filing Flows › Omega Healthcare Investors (OHI) › Q4 2025
Omega Healthcare Investors (OHI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 9, 2026
Omega Healthcare Investors (OHI) reported revenue of $319M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +2% from the quarter before. Operating margin was 54.5%, net earnings $165M (51.6% of revenue).
Omega Healthcare Investors, Q4 2025: revenue $319M (+14% year over year), operating margin 54.5%, net earnings $165M, operating cash flow $231M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $319M | +2% | +14% |
| Operating profit | $174M | -44% | +46% |
| Net earnings | $165M | -8% | +45% |
| Operating cash flow | $231M | +2% | +0.7% |
| Free cash flow | $204M | -0.8% | -4% |
What changed
Revenue was $319.2M in Q4 2025, up 14% year over year and up 2% from the previous quarter.
Operating profit was $174.1M, a 54.5% margin (up 11.8 points year over year). Of the extra revenue versus a year earlier, 137% reached operating profit, above the 43% margin then. Total costs fell 9% while revenue rose 14%. The fastest-growing cost line was General & admin (+15%). Net earnings were $164.8M, up 45% year over year. The effective tax rate was 1.2%.
Operating cash flow was $230.6M (up 1% year over year), 134% of net income including minority interests. Non-cash charges added back $82.7M of depreciation and amortization and $9.9M of share-based compensation. Working capital and other items used $34.0M. Capital expenditures of $26.7M left free cash flow of $203.9M.
Questions
What was Omega Healthcare Investors' revenue in the fourth quarter 2025?
Omega Healthcare Investors (OHI) reported revenue of $319M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +2% from the quarter before.
Was Omega Healthcare Investors profitable in the fourth quarter 2025?
Operating profit was $174M (54.5% of revenue) and net earnings $165M.