PLD · Prologis, 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.

Price · PLD

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$8.79B	$8.20B	$8.02B	$5.97B	$4.76B	$4.44B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$469.11M	$418.76M	$390.41M	$331.08M	$293.17M	$274.85M
Total Operating Expenses	($2.28B)	($2.10B)	-	-	-	-
D&A	$2.63B	$2.58B	$2.48B	$1.81B	$1.58B	$1.56B
Operating Income	$4.36B	$4.42B	$3.71B	$3.47B	$3.21B	$2.12B
Interest Expense	$1.00B	$863.93M	$641.33M	$309.04M	$266.23M	$314.51M
Income Tax	$204.02M	$166.94M	$211.04M	$135.41M	$174.26M	$130.46M
Net Income	$3.33B	$3.73B	$3.06B	$3.36B	$2.94B	$1.48B
EPS - Basic	$3.58	$4.02	$3.30	$4.28	$3.97	$2.02
EPS - Diluted	$3.56	$4.01	$3.29	$4.25	$3.94	$2.01

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$1.15B	$1.32B	$530.39M	$278.48M	$556.12M	$598.09M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$98.72B	$95.33B	$93.02B	$87.90B	$58.49B	$56.07B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$35.04B	$30.88B	$29.00B	$23.88B	$17.72B	$16.85B
Total Liabilities	$40.97B	$36.71B	$35.20B	$30.03B	$20.74B	$19.74B
Stockholders' Equity	$53.19B	$53.95B	$53.18B	$53.24B	$33.43B	$31.97B
Retained Earnings	($902.43M)	($465.91M)	($627.07M)	($457.69M)	($1.33B)	($2.39B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$5.01B	$4.91B	$5.37B	$4.13B	$3.00B	$2.94B
Investing Cash Flow	($3.63B)	($3.10B)	($6.42B)	($4.50B)	($1.99B)	($3.07B)
Financing Cash Flow	($1.56B)	($999.96M)	$1.32B	$115.79M	($1.01B)	($372.16M)
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	49.6%	53.8%	46.2%	58.0%	67.4%	47.7%
EBITDA margin	79.5%	85.3%	77.2%	88.4%	100.5%	82.9%
Net margin	37.9%	45.5%	38.1%	56.3%	61.8%	33.4%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	5.3%	5.1%	4.9%	5.5%	6.2%	6.2%
Effective tax rate	5.8%	4.3%	6.5%	3.9%	5.6%	8.1%
Return on assets	3.4%	3.9%	3.3%	3.8%	5.0%	2.6%
Return on equity	6.3%	6.9%	5.8%	6.3%	8.8%	4.6%
Return on invested capital	4.7%	5.0%	4.2%	4.3%	5.9%	4.0%
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	0.66	0.57	0.55	0.45	0.53	0.53
Debt / Assets	0.35	0.32	0.31	0.27	0.30	0.30
Debt / EBITDA	5.02	4.41	4.68	4.52	3.70	4.58
Interest coverage	4.3x	5.1x	5.8x	11.2x	12.0x	6.7x
Equity multiplier	1.86	1.77	1.75	1.65	1.75	1.75
Liabilities / Assets	0.41	0.39	0.38	0.34	0.35	0.35
Efficiency
Asset turnover	0.09	0.09	0.09	0.07	0.08	0.08
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	35.9x	26.4x	40.5x	26.5x	42.7x	49.6x
P / B	2.3x	1.9x	2.4x	1.7x	3.9x	2.4x
P / S	13.9x	12.3x	15.8x	15.3x	27.1x	16.9x
EV / EBITDA	22.3x	18.6x	25.1x	21.8x	30.5x	24.8x
Growth
Revenue growth (YoY)	7.2%	2.2%	34.3%	25.5%	7.2%	33.3%
Revenue CAGR (3y)	13.7%	19.9%	21.8%	21.5%	23.4%	-
Revenue CAGR (5y)	14.6%	19.7%	25.9%	-	-	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-1.3%	19.1%	6.9%	8.1%	51.3%	14.6%
Net income growth (YoY)	-10.8%	22.0%	-9.1%	14.5%	98.4%	-5.8%
EPS growth (YoY)	-11.2%	21.9%	-22.6%	7.9%	96.0%	-18.3%
EPS CAGR (3y)	-5.7%	0.6%	17.9%	20.0%	11.1%	-13.1%
EPS CAGR (5y)	12.1%	10.3%	2.8%	6.8%	11.7%	4.2%
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-1.4%	1.4%	-0.1%	59.3%	4.6%	41.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$8.79B total

Real Estate Operations Segment$8.20B · 93.3%

Strategic Capital Segment$592.35M · 6.7%

Geographic

$5.18B total

Europe$2.05B · 39.6%

US$1.65B · 31.8%

Other Americas$831.00M · 16.0%

Asia$650.00M · 12.6%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

Company	Revenue (last FY)	Net margin	ROE
UMH	$261.75M	2.3%	0.7%
ARE	-	-	-9.2%
VTR	$5.83B	4.3%	2.0%
SPG	$6.36B	72.7%	88.8%
NYSE: KRC	$1.11B	0.0%	0.0%

Comparing Prologis against the 5 most active filers in the same SIC group.

Dividends

$4.10/share trailing 12 months · +5.4% YoY

Ex-date	Per share
Mar 17, 2026	$1.0700
Dec 16, 2025	$1.0100
Sep 16, 2025	$1.0100
Jun 17, 2025	$1.0100
Mar 18, 2025	$1.0100
Dec 16, 2024	$0.9600
Sep 16, 2024	$0.9600
Jun 17, 2024	$0.9600
Mar 15, 2024	$0.9600
Dec 15, 2023	$0.8700
Sep 15, 2023	$0.8700
Jun 15, 2023	$0.8700
Mar 16, 2023	$0.8700
Dec 16, 2022	$0.7900
Sep 14, 2022	$0.7900
Jun 15, 2022	$0.7900
Mar 17, 2022	$0.7900
Dec 13, 2021	$0.6300
Sep 16, 2021	$0.6300
Jun 15, 2021	$0.6300
Mar 18, 2021	$0.6300
Dec 17, 2020	$0.5800
Sep 16, 2020	$0.5800
Jun 15, 2020	$0.5800