Netflix lifted operating profit much faster than revenue in Q3 2026, with a wider margin
Netflix · Revenue Q3 2026 USD 12.9bn
Netflix grew revenue 11.8% to USD 12.9bn in Q3 2026, while operating profit rose 37.3% to USD 4.5bn.
In brief
Two paragraphs about one company, the numbers first. When readers want more, Conrad writes the full article.
CSX lifted revenue 12.0% in Q3 2026 and operating profit grew several times faster
CSX · Revenue Q3 2026 USD 4.0bn
CSX grew revenue 12.0% to USD 4.0bn in Q3 2026, while operating profit rose 44.4% to USD 1.6bn.
Mueller Industries grew revenue by 31.6%, but each dollar of sales kept less operating profit
MUELLER INDUSTRIES · Revenue Q3 2026 USD 1.4bn
Mueller Industries lifted Q3 2026 revenue 31.6% to USD 1.4bn, yet the operating margin narrowed by 5.8 pp to 19.8%.
Entravision swung to a net profit of USD 19.7m in Q2 2026 from a loss a year earlier
ENTRAVISION · Revenue Q2 2026 USD 228m
Entravision Communications went from a net loss of USD 3.3m in Q2 2025 to a net profit of USD 19.7m in Q2 2026, on revenue of USD 228m.
United Rentals grew revenue in Q3 2026 while its cash fell by more than two thirds
United Rentals · Revenue Q3 2026 USD 4.9bn
United Rentals grew revenue 15.7% to USD 4.9bn in Q3 2026, yet its cash fell by 70.1% to USD 153m.
Danaher's net profit rose sharply in Q3 2026 while the operating margin barely moved
DANAHER · Revenue Q3 2026 USD 6.6bn
Danaher's net profit rose 36.0% to USD 1.2bn in Q3 2026, on revenue that grew 8.3% to USD 6.6bn.
Norway · Transport and logistics
OSLO TAXIBUSS AS grew revenue 41.6% and kept the same loss margin
OSLO TAXIBUSS · Revenue, change FY2025 vs FY2024 +41.6%
OSLO TAXIBUSS AS grew revenue 41.6% to NOK 434m in 2025, yet its net margin of -5.5% sat 7.4 pp below the peer median.
Johnson & Johnson kept just a sliver of third-quarter sales as profit while revenue rose
Johnson & Johnson · Revenue Q3 2026 USD 25.4bn
Johnson & Johnson's net profit fell 95.9% to USD 210m in the third quarter of 2026, although revenue grew 5.9% to USD 25.4bn.
Palace Scenery Construction grew revenue 105.2% while operations burned cash
PALACE · Revenue, change FY2026 vs FY2025 +105.2%
Palace Scenery Construction grew revenue by 105.2% to GBP 85.7m in FY2026, yet operating cash flow was GBP -5.6m.
Hasbro swung from a loss of USD 856m to a profit of USD 161m in one year
Hasbro · Revenue Q2 2026 USD 1.3bn
Hasbro earned a net profit of USD 161m in the second quarter of 2026, against a net loss of USD 856m in the same quarter of 2025.
United Airlines grew third quarter revenue by 17.4% to USD 17.9bn, but kept a smaller share as profit
United · Revenue Q3 2026 USD 17.9bn
United Airlines Holdings grew revenue 17.4% to USD 17.9bn in the third quarter of 2026, yet operating profit stayed near last year's level at USD 1.4bn.
Norway · Media and entertainment
LEOS LEKELAND NORGE returned to a net profit of NOK 4.6m while operating profit fell
LEOS LEKELAND NORGE · Net profit FY2025 NOK 4.6m
LEOS LEKELAND NORGE AS swung from a net loss of NOK 7.7m in 2024 to a net profit of NOK 4.6m in 2025, although revenue fell 5.3%.
Bishopsgate Group's net profit jumped, but its operating profit barely moved
Bishopsgate Group · Net profit FY2026 GBP 313k
Bishopsgate Group Limited reported net profit of GBP 313k in FY2026, up from GBP 13.0k, while operating profit was only GBP 30.0k.
EXPRO NORWAY AS returned to profit but still owes more than it owns
EXPRO NORWAY · Revenue, change FY2025 vs FY2024 +12.6%
EXPRO NORWAY AS ended 2025 with a net profit of NOK 37.6m, yet its equity stood at NOK -1.5bn.
Penguin Solutions earned more, but customers now owe it far longer
PENGUIN SOLUTIONS · Revenue FY2026 USD 1.7bn
Penguin Solutions grew revenue 26.5% to USD 1.7bn in FY2026, yet receivables reached 168 days of sales, 86 days more than a year earlier.
LEIRVIK AS lifted its operating margin to 8.6% while revenue fell 21.9%
LEIRVIK · Operating margin FY2025 8.6%
LEIRVIK AS reported an operating margin of 8.6% for FY2025, 7.8 pp above the peer median of 0.8%, even though revenue fell 21.9%.
Northrop Grumman's cash nearly doubled while revenue grew only a little
NORTHROP · Cash Q3 2026 USD 3.7bn
Northrop Grumman's cash rose 91.3% year on year to USD 3.7bn at the end of the third quarter of 2026, while revenue grew 6.7%.
Cleveland-Cliffs swung to a Q3 2026 net profit from a loss a year earlier
CLEVELAND-CLIFFS · Net profit Q3 2026 USD 152m
Cleveland-Cliffs reported a net profit of USD 152m in Q3 2026, against a net loss of USD 251m in Q3 2025.
FactSet grew revenue 6.7% in FY2026, yet kept less of each dollar
FACTSET · Revenue FY2026 USD 2.5bn
FactSet's revenue rose 6.7% to USD 2.5bn in FY2026, but the operating margin narrowed by 4.0 pp to 28.3%.
Braze grew revenue 26.2% and cut its operating margin loss by 13.5 pp
Braze · Revenue Q3 2026 USD 227m
Braze, Inc. grew revenue 26.2% to USD 227m in the quarter to July 2026, and its operating loss narrowed to USD 18.1m.