Filing Flows › Perrigo (PRGO) › Q3 2025
Perrigo (PRGO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Perrigo (PRGO) reported revenue of $1.0B for the third quarter 2025 (Q3 2025), -4% from a year earlier and -1% from the quarter before. Operating margin was 7.0%, net earnings $7.5M (0.7% of revenue).
Perrigo, Q3 2025: revenue $1.0B (-4% year over year), operating margin 7.0%, net earnings $7.5M, operating cash flow $51.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -1% | -4% |
| Gross profit | $377M | +4% | -7% |
| Operating profit | $72.6M | +60% | -10% |
| Net earnings | $7.5M | — | — |
| Operating cash flow | $51.7M | -32% | +23% |
| Free cash flow | $29.8M | -47% | +97% |
What changed
Revenue was $1.0B in Q3 2025, down 4% year over year and down 1% from the previous quarter. CSCA was the largest line at 62% of revenue. CSCA lost $0.03B year over year (down 4%), 58% of the total change.
Gross margin was 36.1%, down 1.0 points from a year earlier. Operating profit was $0.07B, a 7.0% margin (down 0.4 points year over year). Operating expenses fell 6% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.01B. The effective tax rate was 56.4%.
Operating cash flow was $0.05B (up 23% year over year), 689% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.02B left free cash flow of $0.03B.
Questions
What was Perrigo's revenue in the third quarter 2025?
Perrigo (PRGO) reported revenue of $1.0B for the third quarter 2025 (Q3 2025), -4% from a year earlier and -1% from the quarter before.
Was Perrigo profitable in the third quarter 2025?
Operating profit was $72.6M (7.0% of revenue) and net earnings $7.5M.
Source: Perrigo 10-Q on SEC EDGAR.