Filing Flows › Phillips Edison & Company (PECO) › Q4 2025
Phillips Edison & Company (PECO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
Phillips Edison & Company (PECO) reported revenue of $188M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was 28.4%, net earnings $47.5M (25.3% of revenue).
Phillips Edison & Company, Q4 2025: revenue $188M (+9% year over year), operating margin 28.4%, net earnings $47.5M, operating cash flow $96.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +3% | +9% |
| Operating profit | $53.3M | +94% | +154% |
| Net earnings | $47.5M | +93% | +162% |
| Operating cash flow | $96.1M | +0.7% | +14% |
| Free cash flow | $55.6M | -6% | +25% |
What changed
Revenue was $187.9M in Q4 2025, up 9% year over year and up 3% from the previous quarter.
Operating profit was $53.3M, a 28.4% margin (up 16.2 points year over year). Of the extra revenue versus a year earlier, 218% reached operating profit, above the 12% margin then. Total costs fell 12% while revenue rose 9%. The fastest-growing cost line was General & admin (+20%). Net earnings were $47.5M, up 162% year over year. The effective tax rate was 1.3%.
Operating cash flow was $96.1M (up 14% year over year), 183% of net income including minority interests. Non-cash charges added back $64.3M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $24.0M. Capital expenditures of $40.4M left free cash flow of $55.6M.
Questions
What was Phillips Edison & Company's revenue in the fourth quarter 2025?
Phillips Edison & Company (PECO) reported revenue of $188M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +3% from the quarter before.
Was Phillips Edison & Company profitable in the fourth quarter 2025?
Operating profit was $53.3M (28.4% of revenue) and net earnings $47.5M.