UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 620 Eighth Avenue, New York, New York 10018 For the fiscal year ended December 31, 2025 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ___ to ___ Commission file number 1-5837 THE NEW YORK TIMES COMPANY (Address and zip code of principal executive offices) (Exact name ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-K ________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38462 ____________ ...

Revenue Growth - Total revenue increased by $504.7 million or 9.4% to $5.9 billion in 2025 compared to $5.4 billion in 2024, driven by a 5.0% increase in store weeks and a 4.9% increase in comparable restaurant sales [284]. - Total revenue increased to $5,878.1 million in 2025, up from $5,373.3 million in 2024, representing a growth of 9.4% [290]. - Restaurant and other sales increased by 9.5% in 2025 compared to 2024, driven by a 5.0% increase in store weeks and a 4.9% increase in comparable restaurant sales [295]. Restaurant Operations - The company opened 28 new company restaurants in 2025, including 20 Texas Roadhouse, 7 Bubba's 33, and 1 Jaggers restaurant, while franchise partners opened 4 restaurants [262]. - The company operates 816 restaurants across 49 states, one U.S. territory, and ten foreign countries as of December 30, 2025 [255]. - The company continues to evaluate opportunities for restaurant development in both existing and new markets, focusing on areas with significant demand [258]. - The average unit volume represents the average annual restaurant sales for Texas Roadhouse and Bubba's 33 restaurants, indicating that newer restaurants may have lower sales growth compared to the company average [272]. - Comparable restaurant sales growth was attributed to increased guest traffic and higher per person average check amounts [284]. Financial Performance - Net income decreased by $28.0 million or 6.5% to $405.6 million in 2025 compared to $433.6 million in 2024, primarily due to lower restaurant margin dollars and higher depreciation and amortization expenses [285]. - Restaurant margin dollars decreased by $10.1 million or 1.1% to $905.7 million in 2025, with restaurant margin as a percentage of sales dropping to 15.5% from 17.1% in 2024 [286]. - Net cash provided by operating activities was $730.1 million in 2025, down from $753.6 million in 2024, primarily due to decreased net income [325]. Cost Management - Food and beverage costs as a percentage of restaurant sales increased to 35.0% in 2025 from 33.4% in 2024, primarily due to commodity inflation of 6.1% [304]. - The company maintains a focus on improving restaurant-level profitability through pricing strategies and operational standards related to food and service quality [262]. - General and administrative expenses decreased to 3.9% of total revenue in 2025 from 4.2% in 2024, driven by increased average unit volume and lower incentive compensation [314]. Capital Allocation - Capital allocation in 2025 included capital expenditures of $388.0 million, franchise acquisitions of $107.5 million, dividends of $180.3 million, and stock repurchases of $150.0 million [287]. - The stock repurchase program approved on February 19, 2025, allows for the repurchase of up to $500 million of common stock, replacing the previous $300 million program [264]. - In 2025, the company repurchased 869,007 shares of common stock for $150 million, totaling $913.3 million spent on repurchases since inception [265]. - The company plans to satisfy capital requirements over the next 12 months with cash on hand and expects capital expenditures of approximately $400 million in 2026 [331]. Dividends - The quarterly cash dividend declared on February 18, 2026, was $0.75 per share, representing a 10% increase compared to the prior year [266]. - The Board authorized a quarterly dividend of $0.68 per share in 2025, an increase from $0.61 per share in 2024, with total dividend payments of $180.3 million in 2025 [332]. Market Risks - The company has been operating during periods of inflation, primarily driven by commodity and labor inflation, with some impacts offset by menu price increases [352]. - The company is exposed to market risk from changes in interest rates on variable rate debt, with no outstanding borrowings on its credit facility as of December 30, 2025 [353]. - The beef supply is highly dependent on four vendors, representing a significant portion of the total beef marketplace, posing a risk of supply shortages or higher costs [355]. Other Financial Metrics - Interest income, net decreased to $3.1 million in 2025 from $6.8 million in 2024 due to reduced earnings on cash and cash equivalents [315]. - Equity income from investments in unconsolidated affiliates increased to $2.9 million in 2025 from $1.2 million in 2024, driven by a $2.2 million gain from the acquisition of six affiliates [316]. - The effective tax rate decreased to 13.8% in 2025 from 15.3% in 2024, influenced by an increase in the FICA tip tax credit [317]. - Impairment and closure costs, net were $0.3 million in 2025, down from $1.2 million in 2024, with 2025 costs related to restaurant relocations [313]. - The company performed a qualitative assessment and identified no indicators of impairment for the Texas Roadhouse reporting unit [351].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-32514 DIAMONDROCK HOSPITALITY COMPANY (Exact Name of Registrant as Specified in Its Charter) Maryland 20-1180098 (State of Incorporation) (I.R.S. Employer Ident ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38494 Arcosa, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification ...

Financial Performance - Total revenue reached $1.09 billion in 2025, compared to $1.02 billion in 2024, reflecting a growth of 7.5%[1] - Net income for 2025 was $475.44 million, an increase from $402.24 million in 2024, representing a growth of 18.2%[1] - Basic earnings per common share increased to $2.41 in 2025, up from $2.01 in 2024 and $1.94 in 2023[215] - The return on average assets improved to 2.10% in 2025, compared to 1.77% in both 2024 and 2023[215] - The efficiency ratio improved to 40.88% in 2025, down from 42.74% in 2024 and 46.21% in 2023, indicating better cost management[215] - Net interest income after provision for credit losses increased to $871,455 in 2025 from $800,704 in 2024, while the provision for credit losses decreased significantly to $20,905 from $48,070[215] - The net interest margin increased to 4.51% in 2025, compared to 4.27% in 2024 and 4.25% in 2023, indicating enhanced profitability on interest-earning assets[215] - Dividends per common share increased to $0.805 in 2025 from $0.75 in 2024 and $0.72 in 2023, reflecting a commitment to returning value to shareholders[215] Asset and Deposit Growth - Total assets increased to $22.88 billion in 2025 from $22.49 billion in 2024, representing a growth of 1.74%[1] - Total deposits rose to $17.48 billion in 2025, up from $17.15 billion in 2024, marking an increase of 1.93%[1] - The loan portfolio as of December 31, 2025, totaled $15.69 billion, with commercial real estate loans making up 33.7% of the portfolio[33] - The bank had approximately $7.46 billion in assets under management and custody as of December 31, 2025[48] Loan Portfolio Composition - Commercial real estate loans constituted 53.2% of gross loans as of December 31, 2025[1] - As of December 31, 2025, the residential mortgage loan portfolio consisted of approximately 57.7% owner-occupied properties and 34.9% non-owner-occupied properties[37] - The commercial and industrial loan portfolio included 9.5% unsecured loans, 30.8% inventory/accounts receivable financing, and 51.4% other types of financing[39] - As of December 31, 2025, approximately 74.1% of the total loan portfolio was secured by real estate, including $5.62 billion in commercial real estate loans, $2.73 billion in construction/land development loans, and $3.28 billion in residential real estate loans[150] - Commercial real estate and construction/land development loans comprised 53.2% of the total loan portfolio, exposing the company to greater risk of loss compared to residential real estate loans, which made up 20.9%[151] Regulatory Compliance and Risk Management - The bank subsidiary's total assets exceed $10 billion, subjecting it to additional supervision and regulation by the Consumer Financial Protection Bureau (CFPB) [62] - The capital conservation buffer was 10.30%, with CET1 capital, Tier 1 risk-based capital, total risk-based capital, and leverage ratios at 16.30%, 16.30%, 19.06%, and 14.09%, respectively [73] - The Dodd-Frank Act mandates annual company-run stress tests for institutions with average total consolidated assets greater than $10 billion [80] - The bank must maintain adequate capital above regulatory guidelines, and paying dividends that deplete capital to inadequate levels is considered unsafe and unsound banking practice[86] - The liquidity coverage ratio (LCR) ensures that the banking entity maintains an adequate level of unencumbered high-quality liquid assets equal to expected net cash outflows for a 30-day period [79] - The risk management framework must include policies and procedures to manage risks commensurate with the company's structure and complexity [82] Mergers and Acquisitions - The company completed the acquisition of Happy Bancshares, Inc. for a total transaction value of approximately $962.5 million on April 1, 2022[20] - The company plans to acquire Mountain Commerce Bancorp, Inc. in a merger expected to close in Q2 2026, issuing approximately 5.4 million shares to MCBI shareholders[22][25] - The completion of the merger with Mountain Commerce Bancorp, Inc. is subject to regulatory approvals, which may impose conditions affecting the combined company's operations[184] - The combined company expects to incur substantial expenses related to the merger, which could exceed anticipated savings from eliminating duplicative expenses[185] Employee and Diversity Metrics - As of December 31, 2025, the bank employed 2,543 full-time equivalent employees[55] - 68% of the bank's employees were women, and 28% identified as persons of color as of December 31, 2025[57] Cybersecurity and Information Security - The Company maintains a formal Information Security Program that includes regular risk assessments conducted by both internal resources and third-party experts[192] - The Chief Information Security Officer (CISO) leads the Information Security Program and has over 25 years of experience in information technology and cybersecurity[193] - The Company has 24x7 cybersecurity monitoring and maintains an incident response plan to address potential cybersecurity incidents[194] - The Company has a third-party risk management program to assess and manage cybersecurity risks associated with its third-party providers[194] - The Board of Directors oversees cybersecurity risks primarily through the Executive Risk Committee, which receives quarterly reports on cybersecurity issues[199] Market and Economic Risks - The company faces risks related to changes in monetary policy, which can affect interest rates and, consequently, its operating results[143] - Economic downturns have historically had a significant adverse impact on the banking industry, affecting credit performance and leading to potential write-downs[139] - The financial system's interrelated nature means that failures of other financial institutions could adversely affect the company[145] - Future public health crises could materially and adversely affect the company's business and financial condition[146] Shareholder Returns and Stock Performance - The Company repurchased a total of 540,706 shares of its common stock during the three months ended December 31, 2025, with an average price of $27.31 per share[210] - The Company's common stock has shown a cumulative return of 64.02% from December 31, 2020, to December 31, 2025, compared to the Russell 2000 Index's return of 34.40% and the S&P U.S. BMI Banks Index's return of 111.47%[213]

Acquisition and Development Strategy - The company acquired 22 apartment communities and disposed of 21 apartment communities, completing the development of 20 apartment communities and the redevelopment of one community[24]. - The acquisition strategy targets rapid market penetration in regions such as Raleigh-Durham, Charlotte, Southeast Florida, Dallas, Austin, and Denver[30]. - The company has a redevelopment strategy aimed at renovating existing communities to achieve attractive returns on capital, generally below replacement cost[27]. - The company faces competition from various real estate investors and operators, impacting its ability to acquire and develop apartment communities[43]. Financial Strategy and Debt Management - The financing strategy includes a $2,500,000,000 revolving variable rate unsecured credit facility and a $1,000,000,000 unsecured commercial paper note program to meet short-term liquidity needs[36]. - The company has $390,550,000 in variable rate debt outstanding as of December 31, 2025, which excludes fully hedged loans[322]. - As of December 31, 2025, the company had outstanding debt of $9,388,152,000, with an estimated aggregate fair value of $8,995,833,000[324]. - Contractual fixed rate debt represented $7,893,011,000 of the fair value at December 31, 2025[324]. - If interest rates on variable rate debt had been 100 basis points higher throughout 2025, annual interest incurred would have increased by approximately $7,406,000[322]. - If interest rates had been 100 basis points higher as of December 31, 2025, the fair value of fixed rate debt would have decreased by approximately $396,398,000[324]. - The company terminated $300,000,000 of forward interest rate swap agreements, receiving payments of $4,341,000 recognized over the life of the unsecured notes[320]. Operational Efficiency and Management - The company aims to increase operating income through innovative property management strategies, focusing on associate engagement and resident satisfaction[31]. - The company utilizes data science to optimize Net Operating Income (NOI) and reduce customer acquisition and retention costs[32]. - The company maintains a centralized shared services center to streamline administrative functions, allowing on-site associates to focus on resident services[41]. - The company monitors associate engagement through anonymous surveys conducted by a third-party firm[51]. - As of January 31, 2026, the company had 3,041 employees, with approximately 99% employed full-time and 61% working on-site at operating communities[50]. Sustainability and Technology Investments - The company has invested in technology services and sustainability-focused companies to enhance its operational efficiency and sustainability efforts[44]. - The company engages in joint ventures to diversify its portfolio and preserve capital resources while aiming for higher returns on invested capital[37]. Regulatory and Environmental Considerations - The company is subject to various federal, state, and local environmental laws that could impose liabilities for environmental contamination[46]. - The company faces potential limitations on rent increases due to state and local regulations, particularly in California and Washington[47].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 12/31 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___. Commission file number: 1-14323 ENTERPRISE PRODUCTS PARTNERS L.P. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Inc ...

Employee Management - The Company had approximately 3,050 employees as of January 3, 2026, focusing on maximizing engagement and attracting top talent [40] - The Company emphasizes a competitive compensation and benefits package, including health and wellness benefits, to retain employees [43] Market Competition - The Company faces significant competition in the footwear and apparel markets, with many competitors having greater resources and brand recognition [37] Financial Risks - The Company’s financial results may be adversely impacted by foreign currency exchange rate fluctuations, affecting revenues and costs [77] - The Company’s quarterly sales and earnings may fluctuate due to various uncontrollable factors, potentially leading to stock price volatility [78] - The Company is subject to inflationary pressures, which may increase costs of raw materials and labor, impacting profitability [83] - Changes in general economic conditions and consumer spending patterns could negatively impact the Company’s sales and financial position [81] - The Company’s results may be affected by unseasonable weather conditions, impacting demand for seasonal products [85] - The Company faces risks from changes in trade policies, tariffs, and import/export regulations, which could materially adversely affect its business performance and financial condition [94] - Increases in the cost of raw materials, labor, and services could negatively impact the Company's results of operations, particularly due to fluctuations in commodity prices [97] - The Company's effective tax rate may increase due to changes in tax laws or regulations, adversely affecting its financial position [98] - The Company is subject to examination by tax authorities, and any adverse determinations could negatively impact its results of operations [99] - The Company's current level of indebtedness may decrease business flexibility and increase borrowing costs, impacting its ability to finance operations [101] Operational Challenges - The Company’s ability to manage inventory levels effectively is crucial, as shortages or excess inventory can adversely affect sales and brand loyalty [92] - Climate change and related regulations may impose additional costs and operational challenges for the Company [87] - Substantially all units are sourced from third-party manufacturers in the Asia Pacific region, making the Company vulnerable to international trade restrictions that could increase procurement costs [95] Legal and Compliance Issues - Changes in employment laws could lead to higher employment and pension costs, adversely affecting the Company's financial position [107] - The Company's databases containing personal information are at risk of breaches, which could lead to significant financial and reputational damage [110] - The Company is subject to Payment Card Industry Data Security Standard compliance, which may incur significant costs and impact its ability to accept payment cards [113] - The Company faces potential liabilities and costs related to environmental and workplace safety laws, which could adversely affect its business operations [115] - Ongoing and future litigation could disrupt the Company's operations and negatively impact its financial position and reputation [116] - Provisions in Delaware law and the Company's bylaws may delay or prevent beneficial changes in control or management for stockholders [117] Sustainability and Reputation - Increasing scrutiny regarding sustainability practices may impose additional costs and risks, potentially impacting the Company's reputation and operations [108] - An impairment of goodwill or other intangibles could adversely affect the Company's results, as seen with impairments related to the Sweaty Betty trade name in fiscal 2022 [100]

Exhibit 99.1 For release: February 26, 2026 Contact: Brian F. Kidd, SVP/CFO Phone: (615) 890-2020 NHC Reports 2025 Year End Earnings MURFREESBORO, Tenn. -- National HealthCare Corporation (NYSE American: NHC), the nation's oldest publicly traded senior health care company, announced today net operating revenues and grant income for the year ended December 31, 2025 totaled $1,517,781,000 compared to $1,307,382,000 for the year ended December 31, 2024, an increase of 16.1%. The increase in net operating reven ...