12 Companies Set to Report Q4 2025 Earnings: DoorDash is Among Major Players

In mid-February 2026, a slate of industry leaders across travel, e-commerce, energy, and utilities are expected to report fourth-quarter 2025 results after market close on February 18. The earnings season brings fresh data on how 12 major corporations navigated 2025, with DoorDash standing out among internet services firms showing particularly strong momentum. From Booking Holdings’ travel dominance to Carvana’s automotive e-commerce transformation, these reports offer crucial insights into sector-specific performance.

Explosive Growth: High-Expectation Earners Lead the Pack

DoorDash is positioned to deliver one of the season’s most impressive earnings surprises. The food delivery giant faces consensus expectations of $0.58 earnings per share—a remarkable 75.76% surge compared to the prior year’s fourth quarter. With 13 analysts closely following the stock, the company’s P/E ratio of 73.13 significantly outpaces the industry benchmark of -0.40, suggesting DoorDash will command superior earnings expansion potential relative to peers.

Carvana presents another compelling growth story, projecting earnings of $1.13 per share, representing a 101.79% year-over-year increase. Despite missing consensus by 22.56% in Q3 2025, the online vehicle retailer’s P/E ratio of 68.54 towers above the industry average of -0.70, indicating substantial earnings power moving forward. Similarly, Kinross Gold anticipates a 175% increase in earnings per share to $0.55, while Nutrien’s fertilizer business is forecasted to surge 192.86% to $0.82 per share, demonstrating how commodity-linked businesses are capitalizing on market strength.

Pan American Silver and Royal Gold complete the high-growth tier, with earnings projections of $0.90 and $2.68 per share respectively—representing 157.14% and 64.42% increases from year-ago levels. However, both mining companies showed recent stumbles; PAAS missed Q3 consensus by 2.04% while RGLD fell short by 10.43% the same quarter.

Steady Achievers: Booking and Utilities Show Consistent Strength

Booking Holdings enters earnings season with robust analyst consensus of $48.23 per share, up 16.08% year-over-year. The internet travel leader has demonstrated flawless execution, beating expectations every quarter throughout 2025, with its most impressive beat reaching 3.6% above consensus in Q3. Trading at a 2025 P/E ratio of 18.21 versus an industry average of -0.70, BKNG maintains a structural advantage in earnings growth.

CRH PLC, the building materials company, is projected to report $1.52 in earnings per share, a 6.29% increase from the prior year. With a P/E ratio of 21.95 closely aligned to the industry ratio of 21.30, CRH represents a more stable, fairly-valued play in the construction sector.

Utilities reinforce the steady-growth narrative. Edison International forecasts $1.47 per share earnings—up 40% year-over-year—though the company missed Q4 2024 expectations by 2.78%. American Water Works projects a more modest 4.92% increase to $1.28 per share, having also underperformed in Q2 2025 by 0.67%. Both utilities trade near industry average P/E multiples (11.63 and 23.30 respectively versus broader utility benchmarks around 27.30), suggesting fair valuation.

Energy Transition and Commodity-Linked Volatility

Occidental Petroleum faces significant headwinds, with consensus forecasts calling for $0.19 per share—a 76.25% decline from prior-year levels. This weakness contrasts sharply with the company’s quarterly track record; OXY has beaten expectations every quarter, most dramatically in Q3 with a 33.33% upside surprise. The company’s P/E ratio of 21.77 exceeds the energy sector average of 13.50, potentially reflecting depressed commodity pricing.

Texas Pacific Land, focused on alternative energy, presents minimal growth expectations at just 1.17% year-over-year increase to $1.73 per share. However, with only a single analyst providing coverage and a 2025 P/E ratio of 61.62 dwarfing the industry average of -15.90, the company appears to command significant confidence from the analyst community.

Key Takeaways for Earnings Season

The 12-company cohort reveals a market bifurcated between explosive growth and energy-sector caution. DoorDash, Carvana, and mining plays exemplify how certain sectors—internet services, e-commerce, and commodities—are delivering triple-digit earnings expansion. Meanwhile, energy faces contraction, and utilities offer stability over excitement. Investors monitoring these after-hours reports should note that stronger-than-consensus P/E multiples often signal confidence in sustained earnings trajectories, while consecutive misses warrant deeper investigation into underlying business dynamics.