Phillips Edison & Company, Inc. Financials
Phillips Edison & Company, Inc. (PECO) reported $726.6M in revenue for fiscal year 2025, up 9.9% 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).
Asset cash flow is rising, but investment spending and distributions keep the company reliant on outside financing.
From FY2023 to FY2025, operating cash flow rose from$291.0M to$348.1M , but the company still leaned on more borrowing as it expanded. With dividends paid at$157.3M and FY2025 investing cash outflow at$392.3M , internally generated cash covers only part of the capital demands, so the balance sheet functions as an ongoing funding source.
FY2025 net income reached
Cash on hand was only
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 Phillips Edison & Company, 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 Phillips Edison & Company, Inc., and counted as zero in the overall score.
Not available for Phillips Edison & Company, Inc., and counted as zero in the overall score.
Phillips Edison & Company, Inc. passes 5 of 7 computable financial strength tests (2 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, Phillips Edison & Company, Inc. generates $3.13 in operating cash flow ($348.1M OCF vs $111.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Phillips Edison & Company, Inc. generated $726.6M in revenue in fiscal year 2025. This represents an increase of 9.9% from the prior year.
Phillips Edison & Company, Inc. reported $111.3M in net income in fiscal year 2025. This represents an increase of 77.6% from the prior year.
Phillips Edison & Company, Inc. earned $0.89 per diluted share (EPS) in fiscal year 2025. This represents an increase of 74.5% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Phillips Edison & Company, Inc. held $3.5M in cash against $2.4B in long-term debt as of fiscal year 2025.
Phillips Edison & Company, Inc. paid $1.25 per share in dividends in fiscal year 2025. This represents an increase of 5.3% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Phillips Edison & Company, Inc.'s net profit margin was 15.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.8 percentage points from the prior year.
Phillips Edison & Company, Inc.'s ROE was 4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
PECO 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 | $750.9M | $726.6M+9.9% | $661.4M+8.4% | $610.1M+6.0% | $575.4M+8.0% | $532.8M+7.0% | $498.0M-7.2% | $536.7M+24.7% | $430.4M+38.1% | $311.5M+20.9% | $257.7M+6.5% | $242.1M+28.6% | $188.2M+157.2% | $73.2M+316.9% | $17.6M+397.3% | $3.5M |
| SG&A Expenses | $52.1M | $51.6M+13.2% | $45.6M+2.8% | $44.4M-1.9% | $45.2M-7.3% | $48.8M+18.0% | $41.4M-14.7% | $48.5M-3.7% | $50.4M+36.7% | $36.9M-1.9% | $37.6M+137.6% | $15.8M+83.4% | $8.6M+98.6% | $4.3M+153.1% | $1.7M+103.2% | $845K |
| Operating Income | 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 | -$2.0M-61.0% | -$1.3M+26.5% | -$1.7M |
| Interest Expense | N/A | N/A | $97.0M+15.1% | $84.2M+18.3% | $71.2M-6.8% | $76.4M-10.5% | $85.3M-17.3% | $103.2M+42.0% | $72.6M+59.1% | $45.7M+40.7% | $32.5M+0.2% | $32.4M+59.1% | $20.4M+93.7% | $10.5M+248.0% | $3.0M+272.4% | $811K |
| Income Tax | $1.4M | $1.3M-27.8% | $1.8M+350.0% | $400K+150.0% | -$800K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $143.7M | $111.3M+77.6% | $62.7M+10.3% | $56.8M+17.6% | $48.3M+219.6% | $15.1M+216.9% | $4.8M+107.5% | -$63.5M-262.3% | $39.1M+201.9% | -$38.4M-529.8% | $8.9M-33.1% | $13.4M+159.0% | -$22.6M-82.5% | -$12.4M-270.7% | -$3.3M-41.5% | -$2.4M |
| EPS (Diluted) | — | $0.89+74.5% | $0.51+6.3% | $0.48+14.3% | $0.42+180.0% | $0.15+200.0% | $0.05+107.5% | -$0.67 | $0.59 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 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.
PECO 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 | $5.3B+4.8% | $5.0B+3.7% | $4.9B+2.7% | $4.7B+1.4% | $4.7B-0.2% | $4.7B-3.1% | $4.8B-6.5% | $5.2B+46.4% | $3.5B+48.1% | $2.4B+6.9% | $2.2B+3.5% | $2.2B+24.9% | $1.7B+429.0% | $325.4M+282.0% | $85.2M |
| Cash & Equivalents | $3.5M-27.4% | $4.9M+0.2% | $4.9M-11.1% | $5.5M-94.1% | $92.6M-11.2% | $104.3M+485.3% | $17.8M+6.1% | $16.8M+193.8% | $5.7M-30.5% | $8.2M-79.8% | $40.7M+160.0% | $15.6M-96.6% | $460.3M+5913.2% | $7.7M+9.8% | $7.0M |
| Accounts Receivable | N/A | N/A | N/A | $37.3M+1.4% | $36.8M-21.6% | $46.9M+1.7% | $46.1M-17.8% | $56.1M+36.1% | $41.2M+32.8% | $31.0M | N/A | N/A | $13.0M+379.6% | $2.7M+244.4% | $786K |
| Goodwill | $29.1M0.0% | $29.1M0.0% | $29.1M0.0% | $29.1M0.0% | $29.1M0.0% | $29.1M0.0% | $29.1M0.0% | $29.1M-0.1% | $29.1M | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.7B+11.8% | $2.4B+9.0% | $2.2B+3.5% | $2.1B-2.5% | $2.2B-17.7% | $2.7B+0.1% | $2.7B-3.3% | $2.8B+34.3% | $2.0B+77.2% | $1.2B+23.6% | $934.5M+25.8% | $742.6M+194.7% | $252.0M+45.5% | $173.1M+198.5% | $58.0M |
| Long-Term Debt | $2.4B+12.6% | $2.1B+7.1% | $2.0B+3.8% | $1.9B+0.3% | $1.9B-17.5% | $2.3B-2.6% | $2.4B-3.5% | $2.4B+35.0% | $1.8B+71.1% | $1.1B+24.9% | $845.5M+30.0% | $650.5M+223.8% | $200.9M+26.3% | $159.0M | N/A |
| Total Equity | $2.3B-1.4% | $2.3B+0.4% | $2.3B+3.3% | $2.2B+4.0% | $2.1B+27.2% | $1.7B-6.8% | $1.8B-9.2% | $2.0B+91.0% | $1.0B-12.9% | $1.2B-5.2% | $1.3B-6.6% | $1.4B-7.8% | $1.5B+1277.7% | $106.7M+668.4% | $13.9M |
| Retained Earnings | -$1.4B-3.5% | -$1.3B-6.7% | -$1.2B-6.7% | -$1.2B-7.2% | -$1.1B-9.1% | -$999.5M-5.5% | -$947.3M-36.9% | -$692.0M-15.1% | -$601.2M-37.2% | -$438.2M-35.3% | -$323.8M-51.3% | -$214.0M-200.6% | -$71.2M-507.4% | -$11.7M-184.1% | -$4.1M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
PECO 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 | $365.1M | $348.1M+4.0% | $334.7M+15.0% | $291.0M0.0% | $290.9M+10.6% | $262.9M+24.8% | $210.6M-7.2% | $226.9M+48.0% | $153.3M+40.8% | $108.9M+5.6% | $103.1M-2.8% | $106.1M+40.2% | $75.7M+308.1% | $18.5M+359.7% | $4.0M+580.1% | $593K |
| Investing Cash Flow | -$299.7M | -$392.3M+0.2% | -$392.9M-11.2% | -$353.4M-6.7% | -$331.2M-83.5% | -$180.5M-309.4% | -$44.1M-168.7% | $64.2M+124.8% | -$258.9M+59.6% | -$640.7M-234.9% | -$191.3M-72.7% | -$110.8M+84.5% | -$715.8M+7.8% | -$776.2M-291.1% | -$198.5M-253.5% | -$56.1M |
| Financing Cash Flow | -$44.6M | $78.8M+35.9% | $58.0M+7.5% | $53.9M+193.3% | -$57.8M+41.5% | -$98.8M+23.8% | -$129.7M+53.7% | -$280.3M-272.5% | $162.4M-68.1% | $509.4M+461.7% | $90.7M+205.0% | $29.7M-84.8% | $195.5M-83.8% | $1.2B+520.2% | $195.1M+215.7% | $61.8M |
| Dividends Paid | $162.9M | $157.3M+17.4% | $134.0M-1.3% | $135.7M+6.8% | $127.1M+19.1% | $106.7M+116.3% | $49.3M-59.9% | $123.1M+52.5% | $80.7M+108.7% | $38.7M+14.8% | $33.7M-3.5% | $34.9M-38.3% | $56.6M+193.3% | $19.3M+721.7% | $2.3M+228.5% | $715K |
| Share Buybacks | N/A | N/A | N/A | $0 | $0-100.0% | $77.8M+1376.5% | $5.3M-84.8% | $34.7M-34.8% | $53.2M+14.2% | $46.5M+129.2% | $20.3M-72.7% | $74.5M+2141.0% | $3.3M+291.4% | $849K+2325.7% | $35K-37.5% | $56K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 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.
PECO 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -2.8%+4.4pp | -7.1%+41.2pp | -48.3% |
| Net Margin | 15.3%+5.8pp | 9.5%+0.2pp | 9.3%+0.9pp | 8.4%+5.6pp | 2.8%+1.9pp | 1.0%+12.8pp | -11.8%-20.9pp | 9.1%+21.4pp | -12.3%-15.8pp | 3.5%-2.0pp | 5.5%+17.5pp | -12.0%+4.9pp | -17.0%+2.1pp | -19.1%+47.9pp | -67.0% |
| Return on Equity | 4.9%+2.2pp | 2.7%+0.2pp | 2.5%+0.3pp | 2.2%+1.5pp | 0.7%+0.4pp | 0.3%+3.8pp | -3.5%-5.5pp | 2.0%+5.6pp | -3.7%-4.4pp | 0.7%-0.3pp | 1.1%+2.7pp | -1.7%-0.8pp | -0.8%+2.3pp | -3.1%+13.9pp | -17.0% |
| Return on Assets | 2.1%+0.9pp | 1.2%+0.1pp | 1.2%+0.1pp | 1.0%+0.7pp | 0.3%+0.2pp | 0.1%+1.4pp | -1.3%-2.1pp | 0.8%+1.8pp | -1.1%-1.5pp | 0.4%-0.2pp | 0.6%+1.7pp | -1.1%-0.3pp | -0.7%+0.3pp | -1.0%+1.7pp | -2.8% |
| Debt-to-Equity | 1.04+0.1x | 0.91+0.1x | 0.850.0x | 0.850.0x | 0.88-0.5x | 1.36+0.1x | 1.30+0.1x | 1.22-0.5x | 1.73+0.8x | 0.88+0.2x | 0.67+0.2x | 0.48+0.3x | 0.14-1.4x | 1.49-2.7x | 4.18 |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
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Where Phillips Edison & Company, Inc. Ranks
Frequently Asked Questions
What is Phillips Edison & Company, Inc.'s annual revenue?
Phillips Edison & Company, Inc. (PECO) reported $726.6M in total revenue for fiscal year 2025. This represents a 9.9% 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 Phillips Edison & Company, Inc.'s revenue growing?
Phillips Edison & Company, Inc. (PECO) revenue grew by 9.9% year-over-year, from $661.4M to $726.6M in fiscal year 2025.
Is Phillips Edison & Company, Inc. profitable?
Yes, Phillips Edison & Company, Inc. (PECO) reported a net income of $111.3M in fiscal year 2025, with a net profit margin of 15.3%.
How much debt does Phillips Edison & Company, Inc. have?
As of fiscal year 2025, Phillips Edison & Company, Inc. (PECO) had $3.5M in cash and equivalents against $2.4B in long-term debt.
What is Phillips Edison & Company, Inc.'s net profit margin?
Phillips Edison & Company, Inc. (PECO) had a net profit margin of 15.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Phillips Edison & Company, Inc. pay dividends?
Yes, Phillips Edison & Company, Inc. (PECO) paid $1.25 per share in dividends during fiscal year 2025.
What is Phillips Edison & Company, Inc.'s return on equity (ROE)?
Phillips Edison & Company, Inc. (PECO) has a return on equity of 4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Phillips Edison & Company, Inc.'s operating cash flow?
Phillips Edison & Company, Inc. (PECO) generated $348.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Phillips Edison & Company, Inc.'s total assets?
Phillips Edison & Company, Inc. (PECO) had $5.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Phillips Edison & Company, Inc.'s debt-to-equity ratio?
Phillips Edison & Company, Inc. (PECO) had a debt-to-equity ratio of 1.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Phillips Edison & Company, Inc.'s return on assets (ROA)?
Phillips Edison & Company, Inc. (PECO) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Phillips Edison & Company, Inc.'s Piotroski F-Score?
Phillips Edison & Company, Inc. (PECO) has a Piotroski F-Score of 5 out of 7 computable signals; 2 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 Phillips Edison & Company, Inc.'s earnings high quality?
Phillips Edison & Company, Inc. (PECO) has an earnings quality ratio of 3.13x, 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.
How financially healthy is Phillips Edison & Company, Inc.?
Phillips Edison & Company, Inc. (PECO) scores 46 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.