Q4 2025 Earnings Report

Fiscal Year 2025 | Q4 Report Period: Oct 1, 2025 – Dec 31, 2025 Released: January 18, 2026

Key Financial Metrics

Total Revenue
$24.82B
▲ +8.4% YoY
Net Income
$3.21B
▲ +12.1% YoY
EPS (Diluted)
$4.12
▲ +14.3% YoY
Free Cash Flow
$4.05B
▲ +9.7% YoY
EBITDA Margin
28.6%
▲ +140 bps YoY
Dividend / Share
$1.15
▲ +6.2% QoQ

Consolidated Income Statement Highlights

($ in millions, except per share) Q4 2025 Q4 2024 YoY Change FY 2025
Total Revenue $24,820 $22,900 +8.4% $94,150
Cost of Revenue $(14,380) $(13,520) +6.3% $(56,420)
Gross Profit $10,440 $9,380 +11.3% $37,730
Gross Margin % 42.1% 40.9% +120 bps 40.1%
Operating Expenses $(5,210) $(4,980) +4.6% $(20,150)
Operating Income $5,230 $4,400 +18.9% $17,580
Net Income $3,210 $2,860 +12.1% $11,940
EPS (Diluted) $4.12 $3.60 +14.3% $15.38

Performance by Core Division

Aevum Energy & Power

$6.45B
▲ +11.2% YoY
92% of annual target met

Zenth Digital Systems

$5.88B
▲ +14.7% YoY
98% of annual target met

Aevum Aerospace & Defense

$4.12B
▲ +6.8% YoY
88% of annual target met

Zenth Health Sciences

$3.76B
▲ +9.4% YoY
95% of annual target met

Aevum Capital Group

$2.98B
▼ -2.1% YoY
84% of annual target met

All Other Divisions

$1.63B
▲ +5.3% YoY
89% of annual target met

Executive Commentary

"Q4 2025 marked a strong finish to a transformative fiscal year. Our strategic investments in AI infrastructure, next-generation energy storage, and orbital manufacturing are beginning to yield significant margin expansion. Despite macroeconomic headwinds in traditional markets, our diversified portfolio and disciplined capital allocation continue to drive resilient cash flow generation."
— Elena Vance, Chief Executive Officer
"We delivered $4.05 billion in free cash flow for the quarter, up 9.7% year-over-year, reinforcing our commitment to shareholder returns. The board has approved a 6.2% dividend increase and authorized an additional $3 billion in share repurchases for FY 2026. Our balance sheet remains fortress-strong with an investment-grade rating and net leverage below 1.8x."
— Marcus Chen, Chief Financial Officer

2026 Outlook & Guidance

Based on current market conditions and pipeline visibility, Aevum Zenth provides the following preliminary guidance for Fiscal Year 2026:

Forward-Looking Statements: This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially due to factors including but not limited to macroeconomic conditions, regulatory changes, supply chain disruptions, technological adoption rates, and geopolitical events. Aevum Zenth undertakes no obligation to update these statements except as required by law. For a detailed discussion of risk factors, please refer to Part I, Item 1A of our Annual Report on Form 10-K.

For investor inquiries, contact: investors@aevumzenth.com | +1 (888) 555-0192