What is Phillips Edison & Company, Inc.'s earnings per share (EPS)?

Phillips Edison & Company, Inc. (PECO) reported diluted earnings per share of $0.89 for fiscal year 2025. This represents a 74.5% 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.

Phillips Edison & Company, Inc. Financials

PECO

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Phillips Edison & Company, Inc. (PECO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 PECO FY2025 2026-04-24

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 $111.3M, yet depreciation was a much larger $266.4M; reported profit is therefore heavily shaped by noncash expense, which makes cash flow the steadier indicator of operating capacity. That helps explain why net margin reached 15.3% without a matching jump in operating cash generation.

Cash on hand was only $3.5M versus $2.38B of long-term debt, so liquidity is managed with very little idle cash rather than with a large balance-sheet cushion. Negative retained earnings of -$1.38B despite positive equity shows capital has been returned faster than profits were accumulated, while overhead growth staying slower than revenue points to some fixed-cost absorption in the recent earnings lift.

Financial Health Signals

Financial Profile 25/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

Phillips Edison & Company, Inc.'s revenue grew 9.9% year-over-year to $726.6M, a solid pace of expansion. This earns a growth score of 49/100.

Leverage

Phillips Edison & Company, Inc. carries a low D/E ratio of 1.04, meaning only $1.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.

Returns

Phillips Edison & Company, Inc. generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 2.7% the prior year.

Piotroski F-Score Neutral

5/9

Phillips Edison & Company, Inc. passes 5 of 9 financial strength tests. 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

3.13x

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

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Earnings & Revenue

Revenue

$726.6M

YoY+9.9%

5Y CAGR+7.8%

10Y CAGR+11.6%

Phillips Edison & Company, Inc. generated $726.6M in revenue in fiscal year 2025. This represents an increase of 9.9% from the prior year.

EBITDA

N/A

Net Income

$111.3M

YoY+77.6%

5Y CAGR+87.7%

10Y CAGR+23.6%

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.

EPS (Diluted)

$0.89

YoY+74.5%

5Y CAGR+77.9%

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.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$3.5M

YoY-27.4%

5Y CAGR-49.2%

10Y CAGR-21.7%

Phillips Edison & Company, Inc. held $3.5M in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.25

YoY+5.3%

5Y CAGR+16.3%

10Y CAGR+6.5%

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.

Shares Outstanding

126M

YoY+0.5%

5Y CAGR+6.2%

10Y CAGR-3.6%

Phillips Edison & Company, Inc. had 126M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.3%

YoY+5.8pp

5Y CAGR+14.4pp

10Y CAGR+9.8pp

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.

Return on Equity

4.9%

YoY+2.2pp

5Y CAGR+4.6pp

10Y CAGR+3.8pp

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

PECO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$726.6M+9.9%	$661.4M+8.4%	$610.1M+6.0%	$575.4M+8.0%	$532.8M+7.0%	$498.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$51.6M+13.2%	$45.6M+2.8%	$44.4M-1.9%	$45.2M-7.3%	$48.8M+18.0%	$41.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$97.0M+15.1%	$84.2M+18.3%	$71.2M-6.8%	$76.4M-10.5%	$85.3M
Income Tax	$1.3M-27.8%	$1.8M+350.0%	$400K+150.0%	-$800K	N/A	N/A
Net Income	$111.3M+77.6%	$62.7M+10.3%	$56.8M+17.6%	$48.3M+219.6%	$15.1M+216.9%	$4.8M
EPS (Diluted)	$0.89+74.5%	$0.51+6.3%	$0.48+14.3%	$0.42+180.0%	$0.15+200.0%	$0.05

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$190.7M+1.5%	$187.9M+2.8%	$182.7M+2.8%	$177.8M-0.3%	$178.3M+3.0%	$173.0M+4.5%	$165.5M+2.5%	$161.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.9M-13.9%	$13.9M+8.8%	$12.8M-1.3%	$12.9M+6.9%	$12.1M+4.6%	$11.6M+3.9%	$11.1M-0.2%	$11.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	$27.7M+8.0%	$25.7M+2.5%	$25.0M+0.2%	$25.0M+5.8%	$23.6M
Income Tax	$200K-75.0%	$800K+300.0%	$200K0.0%	$200K+100.0%	$100K-87.5%	$800K+100.0%	$400K-20.0%	$500K
Net Income	$30.4M-36.1%	$47.5M+92.5%	$24.7M+93.1%	$12.8M-51.4%	$26.3M+45.0%	$18.1M+56.4%	$11.6M-24.0%	$15.3M
EPS (Diluted)	$0.24	N/A	$0.20+100.0%	$0.10-52.4%	$0.21	N/A	$0.09-25.0%	$0.12

PECO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.3B+4.8%	$5.0B+3.7%	$4.9B+2.7%	$4.7B+1.4%	$4.7B-0.2%	$4.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.5M-27.4%	$4.9M+0.2%	$4.9M-11.1%	$5.5M-94.1%	$92.6M-11.2%	$104.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$37.3M+1.4%	$36.8M-21.6%	$46.9M
Goodwill	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M
Total Liabilities	$2.7B+11.8%	$2.4B+9.0%	$2.2B+3.5%	$2.1B-2.5%	$2.2B-17.7%	$2.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
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
Total Equity	$2.3B-1.4%	$2.3B+0.4%	$2.3B+3.3%	$2.2B+4.0%	$2.1B+27.2%	$1.7B
Retained Earnings	-$1.4B-3.5%	-$1.3B-6.7%	-$1.2B-6.7%	-$1.2B-7.2%	-$1.1B-9.1%	-$999.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$5.4B+1.2%	$5.3B+0.5%	$5.3B-0.1%	$5.3B+2.1%	$5.2B+2.3%	$5.0B+1.9%	$5.0B+0.9%	$4.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.1M-11.4%	$3.5M-13.1%	$4.1M-27.1%	$5.6M+2.4%	$5.5M+11.8%	$4.9M-24.3%	$6.4M-8.7%	$7.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$57.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M0.0%	$29.1M
Total Liabilities	$2.8B+2.7%	$2.7B+0.5%	$2.7B+0.3%	$2.7B+5.3%	$2.5B+5.3%	$2.4B+1.7%	$2.4B+3.5%	$2.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.5B+4.8%	$2.4B-0.4%	$2.4B-0.3%	$2.4B+5.1%	$2.3B+8.0%	$2.1B+0.2%	$2.1B+3.1%	$2.0B
Total Equity	$2.3B-0.3%	$2.3B+0.4%	$2.3B-0.5%	$2.3B-0.9%	$2.3B-0.4%	$2.3B+3.1%	$2.2B-1.3%	$2.3B
Retained Earnings	-$1.4B-0.8%	-$1.4B+0.5%	-$1.4B-1.1%	-$1.4B-1.9%	-$1.3B-0.9%	-$1.3B-1.5%	-$1.3B-1.9%	-$1.3B

PECO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$348.1M+4.0%	$334.7M+15.0%	$291.0M0.0%	$290.9M+10.6%	$262.9M+24.8%	$210.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$392.3M+0.2%	-$392.9M-11.2%	-$353.4M-6.7%	-$331.2M-83.5%	-$180.5M-309.4%	-$44.1M
Financing Cash Flow	$78.8M+35.9%	$58.0M+7.5%	$53.9M+193.3%	-$57.8M+41.5%	-$98.8M+23.8%	-$129.7M
Dividends Paid	$157.3M+17.4%	$134.0M-1.3%	$135.7M+6.8%	$127.1M+19.1%	$106.7M+116.3%	$49.3M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$77.8M+1376.5%	$5.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$55.6M-42.2%	$96.1M+0.7%	$95.4M-0.7%	$96.1M+58.8%	$60.5M-27.9%	$84.0M-23.0%	$109.1M+39.1%	$78.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$127.8M-652.9%	-$17.0M+63.2%	-$46.2M+72.1%	-$165.6M-1.2%	-$163.6M-22.7%	-$133.3M-14.6%	-$116.4M-51.9%	-$76.6M
Financing Cash Flow	$51.3M+223.5%	-$41.6M+20.9%	-$52.6M-174.3%	$70.8M-30.8%	$102.2M+110.2%	$48.6M+759.0%	$5.7M+660.0%	-$1.0M
Dividends Paid	$54.7M+99.6%	$27.4M-30.7%	$39.5M+2.0%	$38.8M-24.8%	$51.5M+102.7%	$25.4M-47.6%	$48.6M+102.0%	$24.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PECO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.3%+5.8pp	9.5%+0.2pp	9.3%+0.9pp	8.4%+5.6pp	2.8%+1.9pp	1.0%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.04+0.1	0.91+0.1	0.850.0	0.85-0.0	0.88-0.5	1.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.9%-9.4pp	25.3%+11.8pp	13.5%+6.3pp	7.2%-7.6pp	14.8%+4.3pp	10.5%+3.5pp	7.0%-2.4pp	9.4%
Return on Equity	1.3%-0.8pp	2.1%+1.0pp	1.1%+0.5pp	0.6%-0.6pp	1.1%+0.4pp	0.8%+0.3pp	0.5%-0.2pp	0.7%
Return on Assets	0.6%-0.3pp	0.9%+0.4pp	0.5%+0.2pp	0.2%-0.3pp	0.5%+0.2pp	0.4%+0.1pp	0.2%-0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.09+0.1	1.040.0	1.050.0	1.04+0.1	0.99+0.1	0.91-0.0	0.94+0.0	0.90
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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.

How many shares does Phillips Edison & Company, Inc. have outstanding?

Phillips Edison & Company, Inc. (PECO) had 126M shares outstanding as of fiscal year 2025.

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 9, indicating neutral financial health. 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 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.