LINE · Lineage, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | - | $1.38B | $1.35B | $1.33B | - | $1.33B | $1.34B | - |
| Cost of Revenue | $880.00M | - | $932.00M | $920.00M | $884.00M | - | $897.00M | $905.00M | - |
| Gross Profit | $412.00M | - | $445.00M | $430.00M | $444.00M | - | $438.00M | $433.00M | - |
| R&D | - | - | - | - | - | - | - | - | - |
| SG&A | $141.00M | - | $145.00M | $143.00M | $124.00M | - | $122.00M | $124.00M | - |
| Total Operating Expenses | $1.26B | - | $1.34B | $1.33B | $1.23B | - | $1.85B | $1.24B | - |
| D&A | $233.00M | - | $174.00M | $170.00M | $211.00M | - | - | - | - |
| Operating Income | $36.00M | - | $35.00M | $23.00M | $101.00M | - | $97.00M | $74.00M | - |
| Interest Expense | $65.00M | - | $67.00M | $64.00M | $138.00M | - | $87.00M | $125.00M | - |
| Income Tax | $4.00M | - | $11.00M | ($7.00M) | ($10.00M) | - | ($45.00M) | $7.00M | - |
| Net Income | ($46.00M) | - | ($100.00M) | ($6.00M) | ($40.00M) | - | ($485.00M) | ($68.00M) | - |
| EPS - Basic | ($0.18) | - | ($0.44) | ($0.03) | ($0.28) | - | ($2.44) | ($0.46) | - |
| EPS - Diluted | ($0.18) | - | ($0.44) | ($0.03) | ($0.28) | - | ($2.44) | ($0.46) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $67.00M | $66.00M | $75.00M | $82.00M | $94.00M | $173.00M | $409.00M | $68.00M | $240.00M |
| Accounts Receivable | $917.00M | $896.00M | $857.00M | $891.00M | $847.00M | $826.00M | $901.00M | $913.00M | - |
| Inventory | $137.00M | $145.00M | $167.00M | $174.00M | $175.00M | $187.00M | $175.00M | $171.00M | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - |
| Current Assets | $1.26B | $1.24B | $1.28B | $1.35B | $1.39B | $1.28B | $1.60B | $1.34B | - |
| Total Assets | $19.05B | $19.18B | $19.20B | $19.44B | $18.77B | $18.66B | $19.26B | $18.76B | - |
| Current Liabilities | $1.49B | $1.55B | $1.29B | $1.41B | $1.41B | $1.49B | $1.50B | $1.22B | - |
| Long-term Debt | $6.26B | $6.11B | $5.92B | $5.74B | $5.13B | $4.91B | $4.96B | $9.30B | - |
| Total Liabilities | $9.99B | $9.94B | $9.81B | $9.78B | $9.12B | $8.97B | $9.13B | $12.85B | - |
| Stockholders' Equity | $8.09B | $8.25B | $8.38B | $8.64B | $8.59B | $8.64B | $9.03B | $5.05B | $4.93B |
| Retained Earnings | ($2.61B) | ($2.44B) | ($2.33B) | ($2.10B) | ($1.98B) | ($1.85B) | ($1.66B) | ($987.00M) | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $130.00M | - | - | - | $105.00M | - | - | - | - |
| Investing Cash Flow | ($164.00M) | - | - | - | ($202.00M) | - | - | - | - |
| Financing Cash Flow | $36.00M | - | - | - | $121.00M | - | - | - | - |
| CapEx | $185.00M | - | - | - | $147.00M | - | - | - | - |
| Free Cash Flow | ($55.00M) | - | - | - | ($42.00M) | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||
| Gross margin | 31.9% | - | 32.3% | 31.9% | 33.4% | - | 32.8% | 32.4% | - |
| Operating margin | 2.8% | - | 2.5% | 1.7% | 7.6% | - | 7.3% | 5.5% | - |
| EBITDA margin | 20.8% | - | 15.2% | 14.3% | 23.5% | - | - | - | - |
| Net margin | -3.6% | - | -7.3% | -0.4% | -3.0% | - | -36.3% | -5.1% | - |
| Free cash flow margin | -4.3% | - | - | - | -3.2% | - | - | - | - |
| FCF / Net income | 1.20 | - | - | - | 1.05 | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.9% | - | 10.5% | 10.6% | 9.3% | - | 9.1% | 9.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.2% | - | -0.5% | -0.0% | -0.2% | - | -2.5% | -0.4% | - |
| Return on equity | -0.6% | - | -1.2% | -0.1% | -0.5% | - | -5.4% | -1.3% | - |
| Return on invested capital | 0.2% | - | 0.2% | 0.1% | 0.6% | - | 0.5% | 0.4% | - |
| Liquidity | |||||||||
| Current ratio | 0.85 | 0.80 | 0.99 | 0.96 | 0.99 | 0.86 | 1.07 | 1.10 | - |
| Quick ratio | 0.76 | 0.71 | 0.86 | 0.83 | 0.86 | 0.74 | 0.95 | 0.96 | - |
| Cash ratio | 0.04 | 0.04 | 0.06 | 0.06 | 0.07 | 0.12 | 0.27 | 0.06 | - |
| Leverage | |||||||||
| Debt / Equity | 0.77 | 0.74 | 0.71 | 0.66 | 0.60 | 0.57 | 0.55 | 1.84 | - |
| Debt / Assets | 0.33 | 0.32 | 0.31 | 0.29 | 0.27 | 0.26 | 0.26 | 0.50 | - |
| Debt / EBITDA | 23.26 | - | 28.35 | 29.72 | 16.44 | - | - | - | - |
| Interest coverage | 0.6x | - | 0.5x | 0.4x | 0.7x | - | 1.1x | 0.6x | - |
| Equity multiplier | 2.36 | 2.33 | 2.29 | 2.25 | 2.19 | 2.16 | 2.13 | 3.71 | - |
| Liabilities / Assets | 0.52 | 0.52 | 0.51 | 0.50 | 0.49 | 0.48 | 0.47 | 0.69 | - |
| Efficiency | |||||||||
| Asset turnover | 0.07 | - | 0.07 | 0.07 | 0.07 | - | 0.07 | 0.07 | - |
| Inventory turnover | 6.42 | - | 5.58 | 5.29 | 5.05 | - | 5.13 | 5.29 | - |
| Days sales outstanding | 259d | - | 227d | 241d | 233d | - | 246d | 249d | - |
| Days inventory outstanding | 57d | - | 65d | 69d | 72d | - | 71d | 69d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - |
| Valuation | |||||||||
| P / E | - | - | - | - | - | - | - | - | - |
| P / B | 0.9x | - | 1.1x | 1.2x | 1.1x | - | 1.8x | - | - |
| P / S | 5.8x | - | 6.4x | 7.4x | 7.2x | - | 12.3x | - | - |
| EV / EBITDA | 50.7x | - | 70.1x | 80.9x | 46.6x | - | - | - | - |
| Growth | |||||||||
| Revenue growth (YoY) | -2.7% | - | 3.1% | 0.9% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -7.2% | - | 1.6% | -0.7% | - | - | - | - | - |
| Operating income growth (YoY) | -64.4% | - | -63.9% | -68.9% | - | - | - | - | - |
| Net income growth (YoY) | -15.0% | - | 79.4% | 91.2% | - | - | - | - | - |
| EPS growth (YoY) | 35.7% | - | 82.0% | 93.5% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -31.0% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -5.8% | -4.5% | -7.1% | 71.0% | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.36B totalGlobal Warehousing$3.95B · 73.8%
Global Integrated Solutions$1.41B · 26.2%
Product / service
$5.36B totalWarehousing Operations$3.47B · 64.8%
Cargo And Freight$717.00M · 13.4%
Warehouse Lease$284.00M · 5.3%
Redistribution$225.00M · 4.2%
Food Sales$199.00M · 3.7%
ECommerce And Other$177.00M · 3.3%
Management Service$174.00M · 3.2%
Railcar Lease$87.00M · 1.6%
Service Other$20.00M · 0.4%
Geographic
$9.11B totalNorth America$3.75B · 41.2%
US$3.47B · 38.1%
Europe$1.15B · 12.7%
Asia Pacific$445.00M · 4.9%
CA$283.00M · 3.1%
Other Foreign$5.00M · 0.1%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Lineage against the 5 most active filers in the same SIC group.
Dividends
$2.12/share trailing 12 months · +47.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.5330 |
| Dec 31, 2025 | $0.5280 |
| Sep 30, 2025 | $0.5280 |
| Jun 30, 2025 | $0.5280 |
| Mar 31, 2025 | $0.5280 |
| Dec 31, 2024 | $0.5280 |
| Sep 30, 2024 | $0.3800 |