Net Operating Income (NOI), Explained: How Rental Revenue Minus Operating Expenses Values a Property
NOI is rental revenue minus operating expenses, before financing, CapEx, and taxes. It sets price via the cap rate and loan size via DSCR.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Nasdaq Q3 2026 Earnings: $540M Profit on Record $49B of Index Inflows
Nasdaq Q3 2026: net income rose 28% to $540M as Index revenue jumped 39% on record $49B inflows; software, data and index now earn 79% of net revenue.
MSC Industrial Q4 FY2026 Earnings: Record $1.08B Sales, $41.8M IT Write-Off
MSC Industrial's Q4 FY2026 sales rose 10.3% to a record $1,079.2M, but a $41.8M digital-core IT impairment cut GAAP EPS to $0.85; adjusted EPS hit $1.45.
Morgan Stanley Q3 FY2026 Earnings: $20.3B Revenue, Record Wealth Fees, and a 22.6% ROTCE
Morgan Stanley's Q3 revenue grew 12% to $20.3B on a 41% jump in equities trading and record $9.1B wealth fees; EPS hit $3.03 with ROTCE at 22.6%.
Medpace Q3 2026 Earnings: The $716M Quarter That Ran on Client Cash
Medpace Q3 2026 revenue rose 8.5% to $716.0M with a 19.2% net margin; diluted EPS jumped 25.4% to $4.84 on operating leverage and a lower tax rate.
Knight-Swift Q3 2026 Earnings: One Quarter's $118M Profit Beats All of 2025
Knight-Swift earned $118.3M in Q3 2026, more than all of 2025, as truckload rates rose 9.7% and the operating ratio improved 550 bps to 91.9%.
Kinsale Q3 2026 Earnings: Net Income Falls 31%, Combined Ratio Holds at 75.4%
Kinsale's Q3 2026 net income fell 31% to $98.1M on a $37.6M portfolio reset, yet operating EPS rose 9.4% to $5.70 on a 75.4% combined ratio.
J.B. Hunt Q3 2026 Earnings: $624M More Revenue, $4.4M More Operating Income
J.B. Hunt grew Q3 revenue 20% to $3.68B but operating income rose just 2% as purchased transportation hit 47.8% of revenue.
Iridium Q3 2026 Earnings: $106.9M Net Income Built on a $103.9M Paper Gain
Iridium Q3 2026 net income rose 188% to $106.9M, but $103.9M was a non-cash Aireon gain; operating income fell 55% ahead of the Rocket Lab close.
Hexcel Q3 2026 Earnings: EPS Up 92% on 21% Aerospace Growth, Buyback Lifted to $750M
Hexcel Q3 2026 sales rose 8.8% to $496.4M and EPS jumped 92% to $0.50 on 21% aerospace growth; the board lifted its buyback authorization to $750M.
Genuine Parts Q3 2026 Earnings: Sales Up 4.2%, GAAP EPS Stuck at $1.62
Genuine Parts grew Q3 2026 sales 4.2% to $6.52B, but GAAP EPS stayed flat at $1.62 as SG&A rose 7.7%; Motion's 13.2% margin is the case for the split.
First American Q3 2026 Earnings: Commercial Title Up 21% as Orders Opened Fall 8%
First American's Q3 2026 revenue rose 5.4% to $2.08B on 21% commercial title growth, but EPS fell to $1.72 as U.S. orders opened dropped 8.2%.