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Capstone Reports Record Q3 Results With 46% EBITDA Growth and New Acquisition Momentum

Capstone Holding Corp. (CAPS) | November 17, 2025

By Kevin Allen

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Capstone Holding Corp. announced strong financial and strategic highlights for the third quarter of 2025, including significant growth in revenue, gross profit, and adjusted EBITDA.

Pro forma revenue increased by 19% year-over-year to $41.2 million, driven by acquisitions and organic growth.

The company announced two acquisitions expected to contribute $26 million in annualized revenue, accelerating progress toward a $100 million run-rate target for 2026.

Record Revenue Growth

Pro forma year-to-date revenue increased by 19% to $41.2 million, reflecting acquisition growth and cost discipline.

Strong M&A Momentum

Acquisitions completed in the second half are expected to add $26 million in annualized revenue, positioning the company for post-acquisition growth.

Active, Favorable Pipeline

Capstone expects to complete three to four strategic acquisitions in 2026, with targets currently under review at attractive valuations.

Improved Industry Outlook

Economic conditions have improved, creating strong long-term tailwinds with forecasts of rebound in remodeling activity and housing undersupply.

Integration Milestones

The company quickly achieved integration milestones with completed acquisitions, positioning for rapid post-close integration of the next acquisition.

  • Capstone's pro forma revenue and EBITDA growth demonstrate the success of its acquisition strategy and operational efficiency initiatives.
  • The strong M&A momentum and favorable industry outlook indicate a positive trajectory for Capstone's future growth and profitability.

Capstone Holding Corp. is well-positioned to reach its $100 million revenue run-rate target by early 2026 with a focus on strategic acquisitions and operational efficiency.