Filing Flows › Stag Industrial (STAG) › Q4 2025
Stag Industrial (STAG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Stag Industrial (STAG) reported revenue of $221M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +5% from the quarter before. Operating margin was 37.8%, net earnings $83.5M (37.8% of revenue).
Stag Industrial, Q4 2025: revenue $221M (+11% year over year), operating margin 37.8%, net earnings $83.5M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | +5% | +11% |
| Operating profit | $83.6M | +4% | +16% |
| Net earnings | $83.5M | +72% | +64% |
| Operating cash flow | $104M | -27% | -0.4% |
| Free cash flow | $43.8M | -54% | +17% |
What changed
Revenue was $220.9M in Q4 2025, up 11% year over year and up 5% from the previous quarter.
Operating profit was $83.6M, a 37.8% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 53% reached operating profit, above the 36% margin then. Total costs grew 8% against revenue growth of 11%. Net earnings were $83.5M, up 64% year over year. The effective tax rate was 0.0%.
Operating cash flow was $104.5M (roughly flat year over year), 123% of net income including minority interests. Non-cash charges added back $77.5M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $61.3M. Capital expenditures of $60.6M left free cash flow of $43.8M.
Questions
What was Stag Industrial's revenue in the fourth quarter 2025?
Stag Industrial (STAG) reported revenue of $221M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +5% from the quarter before.
Was Stag Industrial profitable in the fourth quarter 2025?
Operating profit was $83.6M (37.8% of revenue) and net earnings $83.5M.
Source: Stag Industrial 10-K on SEC EDGAR.