Digital Rlty Tr Inc Financials
Digital Rlty Tr Inc (DLR) reported $6.1B in revenue for fiscal year 2025, up 10.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Recurring cash generation and a capital-hungry asset base define the business more clearly than headline earnings swings.
Across the last three valid years, operating cash flow stayed in a relatively tight$1.63B to$2.41B band even as net margin swung, pointing to earnings that are more accounting-sensitive than cash-sensitive. That matters because depreciation and amortization reached$1.89B in FY2025, so a large share of operating cost is non-cash and reported profit can look weaker or stronger than the cash engine underneath.
In FY2025, dividends paid consumed about
The cash balance remained high at
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Digital Rlty Tr Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Digital Rlty Tr Inc, and counted as zero in the overall score.
Digital Rlty Tr Inc passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Digital Rlty Tr Inc generates $1.84 in operating cash flow ($2.4B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Digital Rlty Tr Inc earns $1.50 in operating income for every $1 of interest expense ($658.5M vs $437.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Digital Rlty Tr Inc generated $6.1B in revenue in fiscal year 2025. This represents an increase of 10.0% from the prior year.
Digital Rlty Tr Inc's EBITDA was $2.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.8% from the prior year.
Digital Rlty Tr Inc reported $1.3B in net income in fiscal year 2025. This represents an increase of 123.2% from the prior year.
Cash & Balance Sheet
Digital Rlty Tr Inc held $3.5B in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Digital Rlty Tr Inc's operating margin was 10.8% in fiscal year 2025, reflecting core business profitability. This is up 2.3 percentage points from the prior year.
Digital Rlty Tr Inc's net profit margin was 21.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.9 percentage points from the prior year.
Digital Rlty Tr Inc's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
DLR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3B | $6.1B+10.0% | $5.6B+1.4% | $5.5B+16.7% | $4.7B+6.0% | $4.4B+13.4% | $3.9B+21.6% | $3.2B+5.3% | $3.0B+23.9% | $2.5B+14.7% | $2.1B+21.5% | $1.8B+9.1% | $1.6B+9.1% | $1.5B+15.9% | $1.3B+20.4% | $1.1B |
| SG&A Expenses | $596.7M | $565.5M+17.8% | $480.0M+6.9% | $449.1M+6.4% | $422.2M+5.4% | $400.7M+14.0% | $351.4M+66.4% | $211.1M+29.0% | $163.7M+1.4% | $161.4M+5.7% | $152.7M+44.7% | $105.5M+13.3% | $93.2M+41.9% | $65.7M+14.8% | $57.2M+6.7% | $53.6M |
| Operating Income | $729.4M | $658.5M+39.6% | $471.9M-10.0% | $524.5M-11.1% | $590.0M-15.0% | $694.0M+24.5% | $557.5M-6.2% | $594.2M+8.1% | $549.8M+21.8% | $451.3M-9.2% | $497.3M+23.7% | $401.9M+55.4% | $258.7M-32.3% | $381.8M+4.3% | $366.1M+20.3% | $304.3M |
| Interest Expense | $455.9M | $437.9M-3.3% | $452.8M+3.4% | $437.7M+46.3% | $299.1M+1.8% | $293.8M-11.8% | $333.0M-5.7% | $353.1M+9.8% | $321.5M+24.3% | $258.6M+9.4% | $236.5M+17.4% | $201.4M+5.4% | $191.1M+0.9% | $189.4M+20.6% | $157.1M+5.2% | $149.3M |
| Income Tax | $30.9M | $32.0M-41.5% | $54.8M-27.5% | $75.6M+139.6% | $31.6M-56.7% | $72.8M+91.3% | $38.0M+217.2% | $12.0M+475.6% | $2.1M-73.6% | $7.9M-23.9% | $10.4M+61.0% | $6.5M+23.2% | $5.2M+305.4% | $1.3M-51.2% | $2.6M+6402.4% | -$42K |
| Net Income | $1.4B | $1.3B+123.2% | $588.3M-38.1% | $950.3M+149.9% | $380.3M-78.2% | $1.7B+390.3% | $356.4M-38.5% | $579.8M+75.0% | $331.2M+33.4% | $248.3M-41.7% | $426.2M+43.6% | $296.7M+48.2% | $200.2M-36.3% | $314.5M+49.5% | $210.3M+34.6% | $156.3M |
| EPS (Diluted) | — | $3.58 | $1.61 | $2.88+159.5% | $1.11-81.3% | $5.94+494.0% | $1.00-57.4% | $2.35+94.2% | $1.21+22.2% | $0.99-55.0% | $2.20+41.0% | $1.56+57.6% | $0.99-53.3% | $2.12+43.2% | $1.48+12.1% | $1.32 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DLR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $49.4B+9.1% | $45.3B+2.7% | $44.1B+6.3% | $41.5B+14.1% | $36.4B+0.8% | $36.1B+56.4% | $23.1B-2.9% | $23.8B+11.0% | $21.4B+75.6% | $12.2B+6.8% | $11.4B+19.8% | $9.5B-1.0% | $9.6B+9.2% | $8.8B+44.6% | $6.1B |
| Cash & Equivalents | $3.5B-10.8% | $3.9B+138.1% | $1.6B+1046.5% | $141.8M-0.6% | $142.7M+31.5% | $108.5M+20.8% | $89.8M-29.1% | $126.7M+248331.4% | $51K-99.5% | $10.5M-81.5% | $57.1M+63.9% | $34.8M-30.5% | $50.1M-4.5% | $52.5M+29.1% | $40.6M |
| Accounts Receivable | $728.8M+27.9% | $570.0M-12.7% | $653.0M+26.0% | $518.3M+42.2% | $364.5M+8.2% | $336.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $9.7B+8.8% | $8.9B-3.4% | $9.2B+0.3% | $9.2B+16.0% | $7.9B-4.7% | $8.3B+147.7% | $3.4B-22.7% | $4.3B+28.3% | $3.4B+350.2% | $753.0M+127.7% | $330.7M | $0 | N/A | N/A | N/A |
| Total Liabilities | $24.6B+11.1% | $22.1B-4.4% | $23.1B+5.7% | $21.9B+22.5% | $17.8B+1.5% | $17.6B+41.6% | $12.4B-3.7% | $12.9B+25.2% | $10.3B+45.9% | $7.1B+2.6% | $6.9B+22.6% | $5.6B-6.1% | $6.0B+12.4% | $5.3B+51.2% | $3.5B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.9B |
| Total Equity | $22.9B+7.4% | $21.3B+11.6% | $19.1B+8.7% | $17.6B-2.3% | $18.0B+1.6% | $17.7B+79.3% | $9.9B+0.2% | $9.9B-4.7% | $10.3B+103.1% | $5.1B+13.2% | $4.5B+16.0% | $3.9B+7.4% | $3.6B+4.1% | $3.5B+37.5% | $2.5B |
| Retained Earnings | -$6.7B-6.3% | -$6.3B-19.6% | -$5.3B-12.0% | -$4.7B-29.4% | -$3.6B+9.2% | -$4.0B-31.2% | -$3.0B-15.7% | -$2.6B-28.1% | -$2.1B-32.8% | -$1.5B-14.6% | -$1.4B | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
DLR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.5B | $2.4B+6.7% | $2.3B+38.3% | $1.6B-1.5% | $1.7B-2.5% | $1.7B-0.3% | $1.7B+12.7% | $1.5B+9.3% | $1.4B+35.4% | $1.0B+12.3% | $911.2M+14.4% | $796.8M+21.5% | $655.9M-0.1% | $656.4M+20.9% | $542.9M+35.4% | $401.0M |
| Investing Cash Flow | -$2.7B | -$2.2B-17.0% | -$1.9B-70.9% | -$1.1B+76.3% | -$4.7B-342.6% | -$1.1B+59.2% | -$2.6B-845.2% | -$275.0M+90.9% | -$3.0B-123.7% | -$1.4B-4.1% | -$1.3B+48.4% | -$2.5B-292.4% | -$644.2M+39.3% | -$1.1B+57.2% | -$2.5B-198.0% | -$830.8M |
| Financing Cash Flow | $313.3M | -$486.7M-123.6% | $2.1B+114.2% | $963.5M-67.6% | $3.0B+602.7% | -$590.6M-163.1% | $935.7M+173.6% | -$1.3B-172.4% | $1.8B+447.1% | $321.2M-8.4% | $350.6M-80.0% | $1.8B+6589.7% | -$27.0M-106.7% | $401.8M-79.4% | $1.9B+324.8% | $458.8M |
| Dividends Paid | $1.8B | $1.7B+5.8% | $1.6B+7.4% | $1.5B+4.8% | $1.5B+5.2% | $1.4B+11.3% | $1.2B+24.3% | $996.8M+17.3% | $849.5M+31.4% | $646.4M+23.9% | $521.6M+11.3% | $468.6M+6.1% | $441.7M+10.2% | $401.0M+19.9% | $334.4M+28.0% | $261.3M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DLR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 10.8%+2.3pp | 8.5%-1.1pp | 9.6%-3.0pp | 12.6%-3.1pp | 15.7%+1.4pp | 14.3%-4.2pp | 18.5%+0.5pp | 18.1%-0.3pp | 18.4%-4.8pp | 23.2%+0.4pp | 22.8%+6.8pp | 16.0%-9.8pp | 25.8%-2.9pp | 28.6%0.0pp | 28.6% |
| Net Margin | 21.5%+10.9pp | 10.6%-6.8pp | 17.3%+9.2pp | 8.1%-31.4pp | 39.5%+30.3pp | 9.1%-8.9pp | 18.1%+7.2pp | 10.9%+0.8pp | 10.1%-9.8pp | 19.9%+3.1pp | 16.8%+4.5pp | 12.4%-8.8pp | 21.2%+4.8pp | 16.4%+1.7pp | 14.7% |
| Return on Equity | 5.7%+3.0pp | 2.8%-2.2pp | 5.0%+2.8pp | 2.2%-7.6pp | 9.7%+7.7pp | 2.0%-3.9pp | 5.9%+2.5pp | 3.4%+1.0pp | 2.4%-6.0pp | 8.4%+1.8pp | 6.6%+1.4pp | 5.2%-3.5pp | 8.7%+2.6pp | 6.1%-0.1pp | 6.2% |
| Return on Assets | 2.7%+1.4pp | 1.3%-0.8pp | 2.1%+1.2pp | 0.9%-3.9pp | 4.8%+3.8pp | 1.0%-1.5pp | 2.5%+1.1pp | 1.4%+0.2pp | 1.2%-2.3pp | 3.5%+0.9pp | 2.6%+0.5pp | 2.1%-1.2pp | 3.3%+0.9pp | 2.4%-0.2pp | 2.6% |
| Debt-to-Equity | 1.070.0x | 1.04-0.2x | 1.210.0x | 1.24+0.3x | 0.990.0x | 0.99-0.3x | 1.26-0.1x | 1.31+0.3x | 1.00-0.4x | 1.39-0.1x | 1.53+0.1x | 1.45-0.2x | 1.66+0.1x | 1.53+0.4x | 1.17 |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
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Where Digital Rlty Tr Inc Ranks
Frequently Asked Questions
What is Digital Rlty Tr Inc's annual revenue?
Digital Rlty Tr Inc (DLR) reported $6.1B in total revenue for fiscal year 2025. This represents a 10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Digital Rlty Tr Inc's revenue growing?
Digital Rlty Tr Inc (DLR) revenue grew by 10.0% year-over-year, from $5.6B to $6.1B in fiscal year 2025.
Is Digital Rlty Tr Inc profitable?
Yes, Digital Rlty Tr Inc (DLR) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 21.5%.
What is Digital Rlty Tr Inc's EBITDA?
Digital Rlty Tr Inc (DLR) had EBITDA of $2.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Digital Rlty Tr Inc's operating margin?
Digital Rlty Tr Inc (DLR) had an operating margin of 10.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Digital Rlty Tr Inc's net profit margin?
Digital Rlty Tr Inc (DLR) had a net profit margin of 21.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Digital Rlty Tr Inc's return on equity (ROE)?
Digital Rlty Tr Inc (DLR) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Digital Rlty Tr Inc's operating cash flow?
Digital Rlty Tr Inc (DLR) generated $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Digital Rlty Tr Inc's total assets?
Digital Rlty Tr Inc (DLR) had $49.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Digital Rlty Tr Inc's debt-to-equity ratio?
Digital Rlty Tr Inc (DLR) had a debt-to-equity ratio of 1.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Digital Rlty Tr Inc's return on assets (ROA)?
Digital Rlty Tr Inc (DLR) had a return on assets of 2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Digital Rlty Tr Inc's Piotroski F-Score?
Digital Rlty Tr Inc (DLR) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Digital Rlty Tr Inc's earnings high quality?
Digital Rlty Tr Inc (DLR) has an earnings quality ratio of 1.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Digital Rlty Tr Inc cover its interest payments?
Digital Rlty Tr Inc (DLR) has an interest coverage ratio of 1.50x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Digital Rlty Tr Inc?
Digital Rlty Tr Inc (DLR) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.