Omega Healthcare Investors, Inc. (OHI) Income Statement
OHI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOHI revenue and net income
Where OHI's revenue goes
2025Each bar shows an amount and its share of revenue. OHI kept 49.3% of revenue as net income.
OHI profit margins
OHI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.0% | +10.9% | +6.1% | +4.9% |
| Gross profit | −48.6% | −14.8% | −9.5% | −3.3% |
| Operating income | +13.6% | +24.1% | +10.6% | +6.2% |
| Net income | +45.2% | +11.4% | +29.9% | +10.1% |
| EPS (diluted) | +23.8% | −0.8% | +14.5% | +1.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OHI quarterly EPS vs estimates
Omega Healthcare Investors beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.79).
OHI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.05B | $949.7M | $878.2M | $1.06B | $892.4M | $928.8M | $881.7M | $908.4M | $900.8M |
| Cost of revenue | $664.9M | $14.6M | $15.0M | $15.5M | $12.3M | $12.3M | $14.9M | $29.8M | $99.1M | $58.7M |
| Gross profit | $533.2M | $1.04B | $934.7M | $862.7M | $1.05B | $880.1M | $913.9M | $881.7M | $908.4M | $900.8M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $55.5M | $88.0M | $84.3M | $69.4M | $64.6M | $59.9M | $57.9M | $63.5M | $47.7M | $45.9M |
| Total operating expenses | −$216.3M | $377.2M | $445.7M | $470.5M | $484.4M | $427.8M | $362.2M | $384.1M | $593.2M | $340.9M |
| Operating income | $749.4M | $659.7M | $489.0M | $392.3M | $566.2M | $452.3M | $551.7M | $497.6M | $315.2M | $560.0M |
| Interest income | — | — | — | $0 | $235.2M | $224.3M | $856,000 | $313,000 | $267,000 | $173,000 |
| Interest expense | $220.5M | $221.7M | $235.5M | $233.2M | $234.6M | $223.4M | $208.7M | $201.4M | $220.2M | $175.6M |
| Income before taxes | $624.2M | $428.7M | $255.1M | $443.4M | $432.1M | $168.5M | $354.8M | $296.5M | $105.9M | $384.3M |
| Income taxes | $14.7M | $10.9M | $6.3M | $4.6M | $3.8M | $4.9M | $2.8M | $3.0M | $3.2M | $1.4M |
| Net income | $590.1M | $406.3M | $242.2M | $426.9M | $416.7M | $159.3M | $341.1M | $281.6M | $100.4M | $366.4M |
| EBITDA | $1.17B | $947.1M | $810.8M | $1.00B | $992.7M | $715.6M | $854.2M | $779.2M | $613.8M | $827.0M |
| EPS (diluted) | $2.03 | $1.64 | $1.35 | $2.08 | $1.61 | $1.03 | $1.79 | $1.46 | $1.88 | $2.14 |
| Gross margin | 44.5% | 98.6% | 98.4% | 98.2% | 98.8% | 98.6% | 98.4% | 100.0% | 100.0% | 100.0% |
| Operating margin | 62.6% | 62.7% | 51.5% | 44.7% | 53.3% | 50.7% | 59.4% | 56.4% | 34.7% | 62.2% |
| Net margin | 49.3% | 38.6% | 25.5% | 48.6% | 39.2% | 17.9% | 36.7% | 31.9% | 11.1% | 40.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.6M | $323.0M | $321.8M | $311.6M | $282.5M | $276.8M | $279.3M | $276.0M | $252.7M | $243.3M | $239.3M | $242.0M |
| Cost of revenue | $179.9M | $9.0M | $169.9M | $3.5M | $3.3M | $3.3M | $3.4M | $3.6M | $3.8M | $3.8M | $36.1M | $3.9M |
| Gross profit | $155.8M | $313.9M | $151.9M | $308.1M | $279.3M | $273.5M | $275.9M | $272.5M | $249.0M | $239.5M | $203.2M | $238.1M |
| Sales, general & admin | $14.4M | $26.0M | $24.2M | $23.8M | $23.8M | $32.1M | $32.3M | $43.7M | $22.1M | $30.8M | $18.5M | $20.3M |
| Total operating expenses | −$32.8M | $106.9M | −$52.4M | $102.0M | $99.6M | $117.0M | $100.5M | $89.9M | $82.2M | $104.6M | $18.5M | $103.8M |
| Operating income | $188.6M | $207.1M | $204.3M | $206.1M | $179.7M | $156.4M | $175.4M | $182.5M | $166.8M | $134.9M | $184.7M | $134.3M |
| Interest expense | $48.1M | $49.8M | $51.8M | $58.1M | $52.9M | $52.3M | $55.2M | $54.7M | $54.0M | $57.8M | $59.4M | $58.8M |
| Income before taxes | $384.3M | $163.7M | $174.1M | $189.4M | $145.0M | $115.7M | $119.4M | $118.2M | $119.1M | $71.9M | $60.7M | $95.7M |
| Income taxes | $4.6M | $5.1M | $2.1M | $4.5M | $4.5M | $3.6M | $3.0M | $3.3M | $2.0M | $2.6M | $4.2M | $1.8M |
| Net income | $362.8M | $151.0M | $164.7M | $179.7M | $136.6M | $109.0M | $113.3M | $111.8M | $113.9M | $67.4M | $55.0M | $91.4M |
| EBITDA | $514.2M | $293.8M | $308.7M | $331.6M | $280.6M | $246.7M | $252.5M | $243.3M | $247.1M | $204.2M | $184.7M | $236.6M |
| EPS (diluted) | $0.83 | $0.48 | $0.53 | $0.59 | $0.50 | $0.41 | $0.40 | $0.47 | $0.47 | $0.30 | $0.25 | $0.46 |
| Gross margin | 46.4% | 97.2% | 47.2% | 98.9% | 98.8% | 98.8% | 98.8% | 98.7% | 98.5% | 98.4% | 84.9% | 98.4% |
| Operating margin | 56.2% | 64.1% | 63.5% | 66.1% | 63.6% | 56.5% | 62.8% | 66.1% | 66.0% | 55.5% | 77.2% | 55.5% |
| Net margin | 108.1% | 46.8% | 51.2% | 57.7% | 48.4% | 39.4% | 40.6% | 40.5% | 45.1% | 27.7% | 23.0% | 37.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OHI's financial statements (latest annual report filed February 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OHI financial results
In fiscal year 2025 (ended December 31, 2025), Omega Healthcare Investors reported revenue of $1.2 billion, up 14.0% from the year before. It had net income of $590.1 million (up 45.2%), a net profit margin of 49.3%. Diluted earnings per share came to $2.03. Over five years revenue grew at an average rate of 6.1% a year.
See the OHI stock overview for the latest quote and news, or the OHI chart for price history and technical indicators.
OHI income statement FAQ
What is Omega Healthcare Investors's annual revenue?
Omega Healthcare Investors reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.0% from $1.1 billion the previous year.
Is Omega Healthcare Investors profitable?
Yes. Omega Healthcare Investors reported net income of $590.1 million in fiscal 2025, a net profit margin of 49.3%; its operating margin was 62.6%.
What is Omega Healthcare Investors's gross margin?
Omega Healthcare Investors's gross margin was 44.5% in fiscal 2025: for every $100 of revenue, Omega Healthcare Investors kept $45 after the direct cost of its products and services.
How fast is Omega Healthcare Investors growing?
Revenue grew 6.1% a year on average over the last five fiscal years, from $892.4 million to $1.2 billion.
What are Omega Healthcare Investors's earnings per share?
Omega Healthcare Investors earned $2.03 per diluted share in fiscal 2025, compared with $1.64 a year earlier.
When will Omega Healthcare Investors report its next earnings?
Omega Healthcare Investors is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Omega Healthcare Investors's fiscal year end?
Omega Healthcare Investors's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 9, 2026.