What is Digital Realty Trust, Inc.'s earnings per share (EPS)?

Digital Realty Trust, Inc. (DLR) reported diluted earnings per share of $3.58 for fiscal year 2025. This represents a 122.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Digital Realty Trust, Inc. (DLR) Financials

DLR

Trailing 12 months to March 31, 2026

Revenue $6.3B +12.6% YoY

Net Income $1.4B +231.7% YoY

EPS (Diluted) $3.78 +253.3% YoY

Operating Cash Flow $2.5B +10.3% YoY

Market Cap $66.2B as of Oct 3, 2026

Price / Sales 10.4x on $6.3B revenue, trailing 12 months to March 31, 2026

Price / Earnings 47.9x on $1.4B net income, trailing 12 months to March 31, 2026

Price / Book 2.8x on $23.4B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 1, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DLR SEC filings page.

Digital Realty Trust, Inc. (DLR) reported $6.3B in revenue over the twelve months to Mar 31, 2026, up 12.6% from the prior twelve months. 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).

Rhea AI DLR FY2025 2026-10-03

Digital Realty’s asset-heavy platform turns operating cash into both property investment and shareholder distributions, with leverage shaping the economics.

The key earnings-quality signal is that 2025 operating cash flow reached $2.4B versus net income of $1.3B, a gap consistent with substantial noncash depreciation in a property-intensive model. That cash was nearly absorbed by investing outflows of $2.2B, while dividends of $1.7B show that operating cash is being recycled into assets and distributions rather than accumulated.

Revenue rose from $5.6B in FY2024 to $6.1B in FY2025, providing more scale. Operating margin widened from 8.5% to 10.8%, so the rebound was not merely top-line growth; more revenue reached operating income.

The balance sheet is heavily asset-backed: liabilities of $24.6B were slightly above equity of $22.9B, making financing conditions important to property expansion. Interest expense of $437.9M consumed much of $658.5M operating income, limiting how much operating improvement reaches net income.

Financial Health Signals

Financial Health Score 58/100

Scored as: REITs peer group

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 Realty Trust, 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.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Digital Realty Trust, Inc. scores 80/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Digital Realty Trust, Inc. scores 63/100 on it among other REITs.

Leverage

Not available for Digital Realty Trust, Inc., and counted as zero in the overall score.

Interest Cov.

Digital Realty Trust, Inc.'s operating income of $658.5M covered its interest expense of $437.9M 1.50 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Digital Realty Trust, Inc. scores 52/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Digital Realty Trust, Inc. scores 81/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Digital Realty Trust, Inc. scores 70/100 on it among other REITs.

Piotroski F-Score Partial

5/6

Digital Realty Trust, 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.

Earnings Quality Cash-Backed

1.84x

For every $1 of reported earnings, Digital Realty Trust, 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.

Interest Coverage At Risk

1.50x

Digital Realty Trust, 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

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Earnings & Revenue

Revenue

$1.6B

YoY+16.2%

QoQ0.0%

5Y CAGR+8.4%

10Y CAGR+12.5%

Digital Realty Trust, Inc. generated $1.6B in revenue in Q1 2026. This represents an increase of 16.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

EBITDA

$767.3M

YoY+19.9%

QoQ+26.8%

5Y CAGR+6.4%

Digital Realty Trust, Inc.'s EBITDA was $767.3M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.9% from the same quarter a year earlier. Against the prior quarter it is up 26.8%.

Net Income

$179.3M

YoY+63.0%

QoQ+73.7%

5Y CAGR-14.2%

10Y CAGR+11.3%

Digital Realty Trust, Inc. reported $179.3M in net income in Q1 2026. This represents an increase of 63.0% from the same quarter a year earlier. Against the prior quarter it is up 73.7%.

EPS (Diluted)

$0.46

YoY+70.4%

QoQ+100.0%

5Y CAGR-19.0%

10Y CAGR+5.5%

Digital Realty Trust, Inc. earned $0.46 per diluted share (EPS) in Q1 2026. This represents an increase of 70.4% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

Cash & Balance Sheet

Cash & Debt

$2.4B

YoY+4.5%

QoQ-29.7%

5Y CAGR+61.5%

10Y CAGR+54.6%

Digital Realty Trust, Inc. held $2.4B in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding

351M

YoY+4.3%

QoQ+2.3%

5Y CAGR+4.5%

10Y CAGR+9.1%

Digital Realty Trust, Inc. had 351M shares outstanding in Q1 2026. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is up 2.3%.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Operating Margin

16.4%

YoY+2.4pp

QoQ+9.6pp

5Y change-1.3pp

Digital Realty Trust, Inc.'s operating margin was 16.4% in Q1 2026, reflecting core business profitability. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.6 percentage points.

Net Margin

11.0%

YoY+3.1pp

QoQ+4.7pp

5Y change-24.4pp

10Y change-1.2pp

Digital Realty Trust, Inc.'s net profit margin was 11.0% in Q1 2026, showing the share of revenue converted to profit. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.7 percentage points.

Return on Equity

0.8%

YoY+0.3pp

QoQ+0.3pp

5Y change-1.4pp

10Y change-0.6pp

Digital Realty Trust, Inc.'s ROE was 0.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

DLR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DLR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$2.6B+13.8%	$2.2B+1.1%	$2.2B+2.4%	$2.2B-0.6%	$2.2B+13.3%	$1.9B+9.4%	$1.8B+1.2%	$1.7B+34.2%	$1.3B+8.1%	$1.2B+23.1%	$972.4M+22.0%	$797.2M-7.0%	$857.3M+14.5%	$748.6M+21.8%	$614.7M
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 (Basic)	N/A	$3.73+114.4%	$1.74-42.8%	$3.04+157.6%	$1.18-80.2%	$5.95+489.1%	$1.01-57.4%	$2.37+95.9%	$1.21+22.2%	$0.99-55.2%	$2.21+40.8%	$1.57+57.0%	$1.00-52.8%	$2.12+43.2%	$1.48+11.3%	$1.33
EPS (Diluted)	$3.78	$3.58+122.4%	$1.61-44.1%	$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
Diluted Shares (Avg)	N/A	348M+4.9%	332M+7.3%	309M+3.7%	298M+5.2%	283M+107784.6%	262,523-99.9%	209M+1.3%	207M+18.2%	175M+16.1%	151M+8.5%	139M+3.9%	134M+4.3%	128M+10.4%	116M+17.0%	99M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$1.6B+16.2%	$1.6B+13.8%	$1.6B+10.2%	$1.5B+10.1%	$1.4B+5.7%	$1.4B+4.8%	$1.4B+2.1%	$1.4B-0.7%
SG&A Expenses	$154.8M+25.3%	$164.2M+29.5%	$141.7M+20.5%	$136.0M+13.0%	$123.5M+7.2%	$126.8M+8.6%	$117.6M+6.2%	$120.4M+9.8%
Operating Income	$267.8M+36.0%	$111.5M-22.7%	$138.4M-17.7%	$211.7M+2040.7%	$196.9M+31.8%	$144.3M+7.7%	$168.3M+189.0%	$9.9M-93.6%
EBITDA	$767.3M+19.9%	$605.0M+0.9%	$635.4M+1.1%	$672.9M+54.6%	$639.9M+10.2%	$599.7M+8.1%	$628.3M+31.2%	$435.2M-25.9%
Interest Expense	$116.4M+18.2%	$116.5M+11.2%	$113.6M-8.3%	$109.4M-4.7%	$98.5M-10.1%	$104.7M-7.8%	$123.8M+11.8%	$114.8M+3.3%
Income Tax	$16.0M-6.6%	-$9.7M-296.3%	$11.7M-5.9%	$12.9M-14.1%	$17.1M-23.5%	$4.9M-76.2%	$12.4M-27.9%	$15.0M-7.3%
Net Income	$179.3M+63.0%	$103.2M-41.2%	$67.8M+32.5%	$1.0B+1186.7%	$110.0M-60.9%	$175.4M+488.9%	$51.2M-93.0%	$80.2M-32.1%
EPS (Basic)	$0.49+63.3%	$0.25-53.7%	$0.17+30.8%	$3.03+1277.3%	$0.30-65.5%	$0.54+1250.0%	$0.13-94.6%	$0.22-40.5%
EPS (Diluted)	$0.46+70.4%	$0.23-54.9%	$0.15+66.7%	$2.94+1370.0%	$0.27-67.1%	$0.51	$0.09	$0.20-41.2%
Diluted Shares (Avg)	353M+2.5%	N/A	349M+3.9%	346M+5.4%	345M+7.5%	N/A	336M	328M+6.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

DLR Balance Sheet

DLR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$48.9B+8.4%	$49.4B+9.1%	$48.7B+7.6%	$48.7B+11.7%	$45.1B+5.7%	$45.3B+2.7%	$45.3B+8.0%	$43.6B+2.9%
Cash & Equivalents	$2.4B+4.5%	$3.5B-10.8%	$3.3B+51.7%	$3.6B+55.7%	$2.3B+94.5%	$3.9B+138.1%	$2.2B+104.8%	$2.3B+1732.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$692.1M+15.1%	$728.8M+27.9%	$706.0M+12.1%	$772.5M+15.6%	$601.4M-2.2%	$570.0M-12.7%	$629.7M+1.7%	$668.0M+6.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$9.6B+4.5%	$9.7B+8.8%	$9.6B+2.7%	$9.6B+5.6%	$9.2B+0.8%	$8.9B-3.4%	$9.4B+4.4%	$9.1B-0.2%
Total Liabilities	$23.5B+7.1%	$24.6B+11.1%	$23.7B+7.3%	$23.9B+12.5%	$21.9B+0.5%	$22.1B-4.4%	$22.1B+1.0%	$21.2B-7.5%
Total Equity	$23.4B+9.7%	$22.9B+7.4%	$23.0B+8.4%	$22.9B+11.6%	$21.3B+12.0%	$21.3B+11.6%	$21.2B+16.8%	$20.5B+16.5%
Retained Earnings	-$6.9B-5.2%	-$6.7B-6.3%	-$6.4B-4.9%	-$6.0B-5.2%	-$6.6B-22.9%	-$6.3B-19.6%	-$6.1B-23.7%	-$5.7B-8.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

DLR Cash Flow Statement

DLR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$1.9B+6.9%	$1.8B+4.5%	$1.7B+7.4%	$1.6B+6.1%	$1.5B+8.8%	$1.4B+17.4%	$1.2B-1.9%	$1.2B+40.9%	$842.5M+20.5%	$699.3M+22.6%	$570.5M+5.9%	$538.5M+13.3%	$475.5M+24.3%	$382.6M+23.2%	$310.4M
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

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$532.4M+33.4%	$719.0M-6.6%	$652.9M+15.2%	$641.2M+11.9%	$399.1M+13.3%	$769.5M+66.4%	$566.5M+58.1%	$573.2M+23.4%
Depreciation & Amortization	$499.5M+12.8%	$493.5M+8.4%	$497.0M+8.0%	$461.2M+8.4%	$443.0M+2.8%	$455.4M+8.3%	$460.0M+9.4%	$425.3M-1.7%
Investing Cash Flow	-$1.3B-47.6%	-$759.1M-48.3%	-$729.6M+34.8%	$161.3M+157.2%	-$903.2M-13745.3%	-$512.0M+49.6%	-$1.1B-194.8%	-$281.8M+46.8%
Financing Cash Flow	-$217.9M+78.6%	$151.9M-90.1%	-$176.5M-137.2%	$555.8M-35.2%	-$1.0B-25.7%	$1.5B+43.8%	$474.4M+180.0%	$857.3M+817.6%
Dividends Paid	$871.4M+2.7%	$10.2M0.0%	$436.4M+4.2%	$433.3M+4.2%	$848.6M+7.6%	$10.2M0.0%	$418.8M+7.8%	$415.8M+8.3%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.

DLR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DLR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	0.120.0x	0.120.0x	0.120.0x	0.110.0x	0.120.0x	0.110.0x	0.140.0x	0.130.0x	0.11-0.1x	0.180.0x	0.150.0x	0.170.0x	0.150.0x	0.140.0x	0.17

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Margin	16.4%+2.4pp	6.8%-3.2pp	8.8%-3.0pp	14.2%+13.5pp	14.0%+2.8pp	10.1%+0.3pp	11.8%+7.6pp	0.7%-10.6pp
Net Margin	11.0%+3.1pp	6.3%-5.9pp	4.3%+0.7pp	69.1%+63.2pp	7.8%-13.3pp	12.2%+10.1pp	3.6%-48.7pp	5.9%-2.7pp
Return on Equity	0.8%+0.3pp	0.4%-0.4pp	0.3%+0.1pp	4.5%+4.1pp	0.5%-1.0pp	0.8%+0.7pp	0.2%-3.8pp	0.4%-0.3pp
Return on Assets	0.4%+0.1pp	0.2%-0.2pp	0.1%0.0pp	2.1%+1.9pp	0.2%-0.4pp	0.4%+0.3pp	0.1%-1.6pp	0.2%-0.1pp
Debt-to-Equity	1.000.0x	1.070.0x	1.030.0x	1.040.0x	1.03-0.1x	1.04-0.2x	1.04-0.2x	1.03-0.3x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Digital Realty Trust, Inc. DLR	FY2025	$6.1B	$1.3B	21.5%	$66.2B	58/100
Equinix, Inc. EQIX	FY2025	$9.2B	$1.4B	14.6%	$101.2B	48/100
American Tower Corporation AMT	FY2025	$10.6B	$2.6B	24.7%	$75.6B	63/100
Crown Castle Inc. CCI	FY2025	$4.3B	$444.0M	10.4%	$28.3B	26/100
Iron Mountain Inc. IRM	FY2025	$6.9B	$152.3M	2.2%	$33.8B	39/100
SBA Communications Corp SBAC	FY2025	$2.8B	$1.1B	37.4%	$16.8B	52/100

Where Digital Realty Trust, Inc. Ranks

Frequently Asked Questions

What is Digital Realty Trust, Inc.'s annual revenue?

Digital Realty Trust, 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 Realty Trust, Inc.'s revenue growing?

Digital Realty Trust, Inc. (DLR) revenue grew by 10.0% year-over-year, from $5.6B to $6.1B in fiscal year 2025.

Is Digital Realty Trust, Inc. profitable?

Yes, Digital Realty Trust, Inc. (DLR) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 21.5%.

What is Digital Realty Trust, Inc.'s EBITDA?

Digital Realty Trust, Inc. (DLR) had EBITDA of $2.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Digital Realty Trust, Inc.'s operating margin?

Digital Realty Trust, 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 Realty Trust, Inc.'s net profit margin?

Digital Realty Trust, 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 Realty Trust, Inc.'s return on equity (ROE)?

Digital Realty Trust, 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 Realty Trust, Inc.'s operating cash flow?

Digital Realty Trust, Inc. (DLR) generated $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Digital Realty Trust, Inc.'s total assets?

Digital Realty Trust, Inc. (DLR) had $49.4B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Digital Realty Trust, Inc. have outstanding?

Digital Realty Trust, Inc. (DLR) had 344M shares outstanding as of fiscal year 2025.

What is Digital Realty Trust, Inc.'s debt-to-equity ratio?

Digital Realty Trust, 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 Realty Trust, Inc.'s return on assets (ROA)?

Digital Realty Trust, 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 Realty Trust, Inc.'s P/E ratio?

Digital Realty Trust, Inc. (DLR) trades at 47.9x earnings, its market capitalization divided by net income of $1.4B net income, trailing 12 months to March 31, 2026. The market capitalization is $66.2B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Digital Realty Trust, Inc.'s price-to-sales ratio?

Digital Realty Trust, Inc. (DLR) trades at 10.4x sales, its market capitalization divided by revenue of $6.3B revenue, trailing 12 months to March 31, 2026. The market capitalization is $66.2B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Digital Realty Trust, Inc.'s Piotroski F-Score?

Digital Realty Trust, 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 Realty Trust, Inc.'s earnings high quality?

Digital Realty Trust, 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 Realty Trust, Inc. cover its interest payments?

Digital Realty Trust, 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 Realty Trust, Inc.?

Digital Realty Trust, Inc. (DLR) scores 58 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.