NASDAQ$PAHC

Phibro Animal Health Corporation · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Phibro Animal Health Corporation reported strong Q4 2025 results with 39% revenue growth driven by the Zoetis MFA acquisition and portfolio demand.

Net sales reached $378.7 million, up 39% year-over-year, with net income of $17.2 million and adjusted EBITDA of $50.0 million. Animal Health segment sales grew 53% to $292.5 million, fueled by MFAs and other products. The company provided FY2026 guidance reflecting continued growth across segments.

  • Q4 net sales increased 39% to $378.7 million, led by $101.0 million growth in Animal Health.
  • Adjusted EBITDA rose 49% to $50.0 million; adjusted diluted EPS increased 39% to $0.57.
  • Full-year net sales grew 27% to $1,296.2 million with adjusted EBITDA up 65% to $183.7 million.
  • FY2026 guidance projects net sales of $1.43B-$1.48B and adjusted EBITDA of $225M-$235M.

Headline financials

Total Revenue

$379M

Previous: $273M+38.6%
EPS (adj)

$0.57

Previous: $0.41+39.0%
Adjusted EBITDA

$50M

No prior period
Gross margin

29.0%

No prior period
Operating income margin

8.9%

No prior period
Effective tax rate

27.8%

No prior period
Adjusted effective tax rate

24.2%

No prior period
Free Cash Flow

$41.8M

Previous: $15.4M+172.2%
Net Income

$17.2M

Previous: $800K+2050.0%
Operating Income

$33.7M

Previous: $18.4M+83.2%
Gross Profit

$110M

Previous: $87.2M+26.1%

Revenue & EPS history

Phibro · Revenue · Quarterly

$379M

Q4 2025+38.6%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Phibro · $671M total across 6 segments · Q4 2025

  • Animal Health
    $293M
  • MFAs and other
    $207M
  • Mineral Nutrition
    $64.2M
  • Nutritional specialties
    $47.4M
  • Vaccines
    $38.6M
  • Performance Products
    $22.1M

Forward guidance

FY2026 guidance includes net sales of $1.43B to $1.48B and adjusted EBITDA of $225M to $235M, reflecting continued growth across Animal Health, Mineral Nutrition, and Performance Products.

Tailwinds

  • 12% net sales growth expected
  • 25% adjusted EBITDA growth projected
  • Momentum across all segments

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

-0.9%

Avg return

30 days after

57%

30 / 53 earnings

Positive

+22.0%

Q2 2026

Best reaction

-31.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-26.1%-37.5%-44.6%
Q2 2026+22.0%+26.2%+16.9%
Q1 2026+4.7%+10.2%-4.8%
Q4 2025+19.4%+13.9%+20.5%
Q3 2025+14.7%+26.9%+24.2%
Q2 2025+9.9%+16.8%+5.7%
Q1 2025+2.8%+11.8%+1.6%
Q4 2024+1.9%-0.3%+4.8%
Q3 2024+5.5%+8.0%+2.3%
Q2 2024+5.9%+12.5%+19.1%
Q1 2024-18.9%-19.3%-8.4%
Q4 2023-5.8%-2.0%-13.8%
Q3 2023-8.4%-8.0%-12.0%
Q2 2023-0.9%-1.3%-4.7%
Q1 2023-5.5%-8.0%-14.2%
Q4 2022-4.8%-7.4%-24.4%
Q3 2022-4.0%-2.9%-0.5%
Q2 2022+5.7%+13.7%+6.0%
Q1 2022-0.8%-0.3%-10.1%
Q4 2021-5.0%-1.0%-10.2%
Q3 2021+8.1%+3.9%+14.7%
Q2 2021+7.3%+7.9%+7.5%
Q1 2021+4.5%+8.1%+10.0%
Q4 2020+0.9%+4.6%-13.0%
Q3 2020-4.6%-4.8%+15.7%
Q2 2020+16.9%+14.0%+12.5%
Q1 2020-8.1%-4.8%-0.0%
Q4 2019-31.5%-35.0%-32.5%
Q3 2019-19.7%-17.2%-17.0%
Q2 2019-6.4%-10.4%-11.8%
Q1 2019-8.7%-12.5%-22.1%
Q4 2018-3.0%-7.0%-15.3%
Q3 2018+4.2%+3.2%+9.7%
Q2 2018+6.8%+4.4%+16.0%
Q1 2018-4.9%-8.2%-12.9%
Q4 2017-5.1%-2.4%-0.9%
Q3 2017+6.0%+10.9%+18.4%
Q2 2017+7.0%+12.1%+0.2%
Q1 2017+11.3%+8.9%+3.4%
Q4 2016+15.4%+24.9%+28.9%
Q3 2016-10.3%
Q2 2016-18.2%
Q1 2016-3.4%
Q4 2015-5.3%
Q3 2015+7.9%
Q2 2015+6.5%
Q1 2014+5.5%
Q1 2015+7.4%
Q2 2014+0.3%
Q4 2014+12.6%
Q4 2013+1.0%
Q3 2013+1.0%
Q3 2014+1.0%
Q2 2013
Q1 2013

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