What is PROLOGIS, INC.'s earnings per share (EPS)?

PROLOGIS, INC. (PLD) reported diluted earnings per share of $3.56 for fiscal year 2025. This represents a -11.2% 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.

PROLOGIS, INC. (PLD) Financials

PLD

Trailing 12 months to March 31, 2026

Revenue $8.9B +6.7% YoY

Net Income $3.8B -0.1% YoY

EPS (Diluted) $3.97 -0.8% YoY

Operating Cash Flow $5.1B +2.4% YoY

Market Cap $119.5B as of Oct 17, 2026

Price / Sales 13.4x on $8.9B revenue, trailing 12 months to March 31, 2026

Price / Earnings 31.5x on $3.8B net income, trailing 12 months to March 31, 2026

Price / Book 2.2x on $53.5B 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 17, 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 Apr 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PLD SEC filings page.

PROLOGIS, INC. (PLD) reported $8.9B in revenue over the twelve months to Mar 31, 2026, up 6.7% 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 PLD FY2025 2026-10-03

Prologis is an asset-heavy property business whose cash generation remains substantial while rising leverage and financing costs temper earnings.

FY2025 operating cash flow reached $5.0B versus net income of $3.3B, showing that reported earnings convert into more cash than profit alone suggests. Depreciation and amortization of $2.6B helps explain that gap, while missing free cash flow and capital-expenditure figures prevent assessing how much remained after property reinvestment.

The asset base reached $98.7B against revenue of $8.8B, making this a balance-sheet-intensive model rather than an asset-light operator. Debt-to-equity rose from 0.4x in FY2022 to 0.7x in FY2025, indicating that expansion increasingly used borrowing alongside equity.

Operating cash flow exceeded net income, but dividends of $3.8B absorbed a large portion of internally generated cash. Because free cash flow and capital expenditures are not reported, the statements cannot establish the residual cash after reinvestment.

Financial Health Signals

Financial Health Score 73/100

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 PROLOGIS, 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. PROLOGIS, INC. scores 97/100 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. PROLOGIS, INC. scores 45/100 on it among other REITs.

Leverage

PROLOGIS, INC.'s net debt of $33.9B, being $35.0B of long-term debt less $1.1B of cash, came to 4.85 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and PROLOGIS, INC. scores 56/100 among other REITs.

Interest Cov.

PROLOGIS, INC.'s operating income of $4.4B covered its interest expense of $1.0B 4.35 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and PROLOGIS, INC. scores 85/100 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. PROLOGIS, INC. scores 96/100 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. PROLOGIS, INC. scores 59/100 on it among other REITs.

Piotroski F-Score Partial

4/7

PROLOGIS, INC. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.50x

For every $1 of reported earnings, PROLOGIS, INC. generates $1.50 in operating cash flow ($5.0B OCF vs $3.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.35x

PROLOGIS, INC. earns $4.35 in operating income for every $1 of interest expense ($4.4B vs $1.0B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.3B

YoY+7.4%

QoQ+2.0%

5Y CAGR+14.9%

PROLOGIS, INC. generated $2.3B in revenue in Q1 2026. This represents an increase of 7.4% from the same quarter a year earlier. Against the prior quarter it is up 2.0%.

EBITDA

$1.9B

YoY+26.9%

QoQ-15.4%

5Y CAGR+15.9%

10Y CAGR+17.7%

PROLOGIS, INC.'s EBITDA was $1.9B in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.9% from the same quarter a year earlier. Against the prior quarter it is down 15.4%.

Net Income

$982.0M

YoY+65.6%

QoQ-33.7%

5Y CAGR+21.7%

10Y CAGR+16.7%

PROLOGIS, INC. reported $982.0M in net income in Q1 2026. This represents an increase of 65.6% from the same quarter a year earlier. Against the prior quarter it is down 33.7%.

EPS (Diluted)

$1.05

YoY+66.7%

QoQ-29.5%

5Y CAGR+16.5%

10Y CAGR+10.4%

PROLOGIS, INC. earned $1.05 per diluted share (EPS) in Q1 2026. This represents an increase of 66.7% from the same quarter a year earlier. Against the prior quarter it is down 29.5%.

Cash & Balance Sheet

Cash & Debt

$861.1M

YoY+28.3%

QoQ-24.8%

5Y CAGR+5.0%

10Y CAGR+8.8%

PROLOGIS, INC. held $861.1M in cash against $34.7B in long-term debt as of Q1 2026.

Dividends Per Share

$1.07

YoY+5.9%

QoQ+5.9%

5Y CAGR+11.2%

10Y CAGR+9.8%

PROLOGIS, INC. paid $1.07 per share in dividends in Q1 2026. This represents an increase of 5.9% from the same quarter a year earlier. Against the prior quarter it is up 5.9%.

Shares Outstanding

932M

YoY+0.5%

QoQ+0.3%

5Y CAGR+4.7%

10Y CAGR+5.9%

PROLOGIS, INC. had 932M shares outstanding in Q1 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Operating Margin

52.7%

YoY+11.7pp

QoQ-19.5pp

5Y change+6.4pp

PROLOGIS, INC.'s operating margin was 52.7% in Q1 2026, reflecting core business profitability. This is up 11.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.5 percentage points.

Net Margin

42.7%

YoY+15.0pp

QoQ-23.1pp

5Y change+10.7pp

PROLOGIS, INC.'s net profit margin was 42.7% in Q1 2026, showing the share of revenue converted to profit. This is up 15.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.1 percentage points.

Return on Equity

1.8%

YoY+0.7pp

QoQ-1.0pp

5Y change+0.7pp

10Y change+0.4pp

PROLOGIS, INC.'s ROE was 1.8% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

PLD 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.

PLD 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	$8.9B	$8.8B+7.2%	$8.2B+2.2%	$8.0B+34.3%	$6.0B+25.5%	$4.8B+7.2%	$4.4B+33.3%	$3.3B+18.8%	$2.8B+7.1%	$2.6B+3.4%	$2.5B	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$469.1M+12.0%	$418.8M+7.3%	$390.4M+17.9%	$331.1M+12.9%	$293.2M+6.7%	$274.8M+3.0%	$266.7M+11.6%	$239.0M+3.4%	$231.1M+4.0%	$222.1M+2.2%	$217.2M-5.3%	$229.3M+0.1%	$229.2M+0.5%	$228.1M+16.9%	$195.2M
Operating Income	$4.7B	$4.4B-1.3%	$4.4B+19.1%	$3.7B+6.9%	$3.5B+8.1%	$3.2B+51.3%	$2.1B+14.6%	$1.8B+9.6%	$1.7B-13.6%	$2.0B+192.4%	$668.4M+75.8%	$380.2M+18.9%	$319.8M+5.1%	$304.4M+227.4%	$93.0M-1.9%	$94.8M
EBITDA	N/A	$7.0B-0.2%	$7.0B+13.0%	$6.2B+17.3%	$5.3B+10.4%	$4.8B+30.0%	$3.7B+23.1%	$3.0B+13.4%	$2.6B-7.0%	$2.8B+77.1%	$1.6B+26.9%	$1.3B+31.0%	$962.3M-0.6%	$968.4M+12.5%	$860.4M+23.2%	$698.7M
Interest Expense	N/A	$1.0B+16.0%	$863.9M+34.7%	$641.3M+107.5%	$309.0M+16.1%	$266.2M-15.4%	$314.5M+31.1%	$240.0M+4.7%	$229.1M-16.5%	$274.5M-9.5%	$303.1M+0.6%	$301.4M-2.4%	$308.9M-18.6%	$379.3M-24.9%	$505.2M+8.3%	$466.6M
Income Tax	N/A	$204.0M+22.2%	$166.9M-20.9%	$211.0M+55.8%	$135.4M-22.3%	$174.3M+33.6%	$130.5M+75.1%	$74.5M+17.7%	$63.3M+16.0%	$54.6M+0.1%	$54.6M+136.3%	$23.1M+190.0%	-$25.7M-124.0%	$106.7M+3081.4%	-$3.6M-301.6%	$1.8M
Net Income	$3.8B	$3.3B-10.8%	$3.7B+22.0%	$3.1B-9.1%	$3.4B+14.5%	$2.9B+98.4%	$1.5B-5.8%	$1.6B-4.6%	$1.6B-0.2%	$1.7B+36.6%	$1.2B+39.2%	$869.4M+36.7%	$636.2M+85.5%	$342.9M+963.3%	-$39.7M+74.1%	-$153.4M
EPS (Basic)	N/A	$3.58-10.9%	$4.02+21.8%	$3.30-22.9%	$4.28+7.8%	$3.97+96.5%	$2.02-18.5%	$2.48-14.5%	$2.90-6.5%	$3.10+35.4%	$2.29+38.0%	$1.66+32.8%	$1.25+92.3%	$0.65+461.1%	-$0.18+64.7%	-$0.51
EPS (Diluted)	$3.97	$3.56-11.2%	$4.01+21.9%	$3.29-22.6%	$4.25+7.9%	$3.94+96.0%	$2.01-18.3%	$2.46-14.3%	$2.87-6.2%	$3.06+34.8%	$2.27+38.4%	$1.64+32.3%	$1.24+93.8%	$0.64	-$0.18+64.7%	-$0.51
Diluted Shares (Avg)	N/A	957M+0.3%	954M+0.2%	952M+17.3%	812M+6.1%	765M+1.4%	754M+15.2%	655M+11.0%	590M+6.9%	552M+1.0%	547M+2.4%	534M+5.4%	506M+3.0%	492M	462M+24.2%	372M

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Revenue	$2.3B+7.4%	$2.3B+2.4%	$2.2B+8.7%	$2.2B+8.8%	$2.1B+9.4%	$2.2B+16.5%	$2.0B+6.4%	$2.0B-18.1%
SG&A Expenses	$126.9M+10.6%	N/A	$110.7M+12.7%	$106.9M+0.3%	$114.7M+3.1%	N/A	$98.2M+1.5%	$106.6M+11.4%
Operating Income	$1.2B+37.9%	$1.6B+14.4%	$940.3M-24.8%	$912.7M-10.8%	$878.4M+21.9%	$1.4B+70.2%	$1.3B+41.8%	$1.0B-27.5%
EBITDA	$1.9B+26.9%	$2.3B+10.5%	$1.6B-16.4%	$1.6B-5.5%	$1.5B+12.7%	$2.1B+41.0%	$1.9B+24.7%	$1.7B-17.5%
Interest Expense	$254.3M+9.7%	N/A	$258.3M+12.2%	$251.9M+20.9%	$231.8M+19.9%	N/A	$230.1M+27.1%	$208.3M+39.0%
Income Tax	$48.0M+10.6%	N/A	$54.5M+1194.1%	$23.4M-45.6%	$43.4M+32.3%	N/A	$4.2M-89.8%	$43.1M-45.7%
Net Income	$982.0M+65.6%	$1.5B+10.4%	$764.3M-24.0%	$571.2M-33.7%	$593.0M+1.2%	$1.3B+98.6%	$1.0B+34.5%	$861.3M-29.2%
EPS (Basic)	$1.05+64.1%	$1.50+8.7%	$0.82-24.1%	$0.61-34.4%	$0.64+1.6%	$1.38+102.9%	$1.08+33.3%	$0.93-29.0%
EPS (Diluted)	$1.05+66.7%	$1.49+8.8%	$0.82-24.1%	$0.61-33.7%	$0.630.0%	$1.37+101.5%	$1.08+35.0%	$0.92-29.8%
Diluted Shares (Avg)	958M+0.2%	N/A	957M+0.3%	956M+0.3%	956M+0.2%	N/A	954M+0.2%	953M+0.2%

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

PLD Balance Sheet

PLD 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	$98.7B+3.6%	$95.3B+2.5%	$93.0B+5.8%	$87.9B+50.3%	$58.5B+4.3%	$56.1B+40.1%	$40.0B+4.2%	$38.4B+30.3%	$29.5B-2.5%	$30.2B-3.6%	$31.4B+21.8%	$25.8B+4.9%	$24.6B-10.0%	$27.3B-1.5%	$27.7B
Cash & Equivalents	$1.1B-13.1%	$1.3B+148.8%	$530.0M+90.6%	$278.0M-50.0%	$556.0M-7.0%	$598.0M-45.1%	$1.1B+216.7%	$343.9M-23.1%	$447.0M-44.6%	$807.3M+205.7%	$264.1M-24.7%	$350.7M-28.6%	$491.1M+387.2%	$100.8M-42.7%	$176.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$601.3M+47.6%	$407.5M+25.1%	$325.7M-13.8%	$378.0M-10.9%	$424.2M+124.0%	$189.4M+120.6%	$85.8M-19.9%	$107.1M+25.9%	$85.1M-23.3%	$110.9M+23.8%	$89.6M-13.4%	$103.4M-4.2%	$108.0M-36.9%	$171.1M+15.6%	$148.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$41.0B+11.6%	$36.7B+4.3%	$35.2B+17.2%	$30.0B+44.8%	$20.7B+5.1%	$19.7B+41.4%	$14.0B+10.6%	$12.6B+17.1%	$10.8B-8.6%	$11.8B-9.1%	$13.0B+22.5%	$10.6B+1.9%	$10.4B-23.2%	$13.5B+2.0%	$13.3B
Long-Term Debt	$35.0B+13.5%	$30.9B+6.5%	$29.0B+21.5%	$23.9B+10989.6%	$215.3M-98.7%	$16.8B+41.5%	$11.9B+7.4%	$11.1B+17.8%	$9.4B-11.3%	$10.6B-8.8%	$11.6B+24.5%	$9.3B+3.6%	$9.0B-23.6%	$11.8B+103493.4%	$11.4M
Total Equity	$53.2B-1.4%	$54.0B+1.4%	$53.2B-0.1%	$53.2B+59.3%	$33.4B+4.6%	$32.0B+41.1%	$22.7B+1.6%	$22.3B+42.7%	$15.6B+4.3%	$15.0B+2.2%	$14.7B+5.0%	$14.0B+1.9%	$13.7B+4.9%	$13.1B-4.3%	$13.7B
Retained Earnings	-$902.4M-93.7%	-$465.9M+25.7%	-$627.1M-37.0%	-$457.7M+65.5%	-$1.3B+44.6%	-$2.4B-11.3%	-$2.2B+9.6%	-$2.4B+18.1%	-$2.9B+19.5%	-$3.6B+8.1%	-$3.9B+1.2%	-$4.0B-1.1%	-$3.9B-6.4%	-$3.7B-19.5%	-$3.1B

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Total Assets	$98.1B+2.2%	$98.7B+3.6%	$98.3B+2.5%	$97.7B+4.5%	$96.0B+2.9%	$95.3B+2.5%	$95.9B+4.3%	$93.5B+1.2%
Cash & Equivalents	$861.1M+28.3%	$1.1B-13.1%	$1.2B+51.9%	$1.1B+78.2%	$671.1M+34.1%	$1.3B+148.8%	$780.9M+5.4%	$598.3M+12.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	N/A	$601.3M+47.6%	N/A	N/A	N/A	$407.5M+25.1%	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$40.2B+6.0%	$41.0B+11.6%	$41.1B+7.6%	$40.4B+13.5%	$37.9B+6.8%	$36.7B+4.3%	$38.2B+13.5%	$35.6B+3.8%
Long-Term Debt	$34.7B+7.5%	$35.0B+13.5%	$35.3B+9.3%	$34.7B+15.9%	$32.3B+9.1%	$30.9B+6.5%	$32.3B+17.1%	$29.9B+6.3%
Total Equity	$53.5B+0.1%	$53.2B-1.4%	$52.6B-0.8%	$52.7B-1.2%	$53.5B+0.5%	$54.0B+1.4%	$53.1B-1.1%	$53.3B-0.2%
Retained Earnings	-$921.0M-13.3%	-$902.4M-93.7%	-$1.4B-59.7%	-$1.2B-22.7%	-$812.9M+12.9%	-$465.9M+25.7%	-$851.8M-89.5%	-$964.6M-146.8%

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

PLD Cash Flow Statement

PLD 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	$5.1B	$5.0B+2.0%	$4.9B-8.6%	$5.4B+30.2%	$4.1B+37.7%	$3.0B+2.0%	$2.9B+29.7%	$2.3B+25.5%	$1.8B+6.9%	$1.7B+19.1%	$1.4B+26.9%	$1.1B+58.4%	$704.5M+45.3%	$485.0M+4.6%	$463.5M+123.8%	$207.1M
Depreciation & Amortization	N/A	$2.6B+1.8%	$2.6B+3.8%	$2.5B+37.1%	$1.8B+14.9%	$1.6B+1.0%	$1.6B+37.0%	$1.1B+20.3%	$947.2M+7.7%	$879.1M-5.6%	$931.0M+5.7%	$880.4M+37.0%	$642.5M-3.2%	$664.0M-13.5%	$767.5M+27.1%	$603.9M
Stock-Based Compensation	N/A	$185.5M-20.0%	$231.7M-13.4%	$267.6M+52.6%	$175.4M+55.1%	$113.0M+2.9%	$109.8M+12.6%	$97.6M+28.2%	$76.1M-0.7%	$76.6M+27.0%	$60.3M+12.4%	$53.7M-6.6%	$57.5M+16.7%	$49.2M+53.2%	$32.1M+11.1%	$28.9M
Investing Cash Flow	-$2.5B	-$3.6B-17.1%	-$3.1B+51.7%	-$6.4B-42.7%	-$4.5B-126.1%	-$2.0B+35.3%	-$3.1B-348.6%	-$685.4M-3.2%	-$663.8M-222.2%	$543.3M-56.6%	$1.3B	N/A	-$488.3M-120.9%	$2.3B+340.7%	$529.6M+327.2%	-$233.1M
Financing Cash Flow	-$2.4B	-$1.6B-56.4%	-$1000.0M-175.7%	$1.3B+1040.2%	$115.8M+111.5%	-$1.0B-170.9%	-$372.2M+55.7%	-$839.6M+31.9%	-$1.2B+52.7%	-$2.6B-22.6%	-$2.1B	N/A	-$337.8M+85.7%	-$2.4B-120.8%	-$1.1B-756.1%	$163.3M
Dividends Paid	$3.8B	$3.8B+5.4%	$3.6B+10.6%	$3.2B+29.4%	$2.5B+33.2%	$1.9B+8.7%	$1.7B+28.0%	$1.3B+19.8%	$1.1B+19.1%	$942.9M+5.5%	$893.5M+11.0%	$804.7M+19.7%	$672.2M+17.1%	$573.9M+1.1%	$567.8M+46.7%	$387.1M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0-100.0%	$34.8M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Operating Cash Flow	$1.3B+11.0%	$1.2B-13.3%	$1.4B+0.9%	$1.2B+14.3%	$1.2B+10.0%	$1.3B+24.3%	$1.4B-27.1%	$1.1B-10.6%
Depreciation & Amortization	$731.5M+12.2%	$668.8M+1.9%	$648.0M-0.2%	$657.2M+3.1%	$652.1M+2.3%	$656.4M+2.8%	$649.3M+1.1%	$637.3M+5.8%
Stock-Based Compensation	$60.6M+14.1%	N/A	N/A	N/A	$53.2M-20.9%	N/A	N/A	N/A
Investing Cash Flow	-$400.6M+74.2%	$25.1M-92.1%	-$1.1B+37.5%	-$1.0B-65.9%	-$1.6B-43.0%	$320.0M+126.5%	-$1.7B-144.8%	-$623.8M+82.0%
Financing Cash Flow	-$1.2B-320.3%	-$1.2B-11.6%	-$251.7M-156.6%	$181.9M+151.1%	-$275.6M-11639.4%	-$1.1B-1199.5%	$445.1M+142.5%	-$355.8M-115.6%
Dividends Paid	$1.0B+6.5%	$942.0M+5.5%	$941.3M+5.4%	$941.6M+5.5%	$939.9M+5.4%	$893.0M+10.4%	$892.9M+10.7%	$892.8M+10.6%

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

PLD 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.

PLD 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	49.6%-4.3pp	53.8%+7.6pp	46.2%-11.8pp	58.1%-9.3pp	67.4%+19.6pp	47.7%-7.8pp	55.5%-4.6pp	60.2%-14.4pp	74.6%+48.2pp	26.4%	N/A	N/A	N/A	N/A	N/A
Net Margin	37.9%-7.6pp	45.5%+7.4pp	38.1%-18.2pp	56.3%-5.4pp	61.8%+28.4pp	33.4%-13.9pp	47.2%-11.6pp	58.8%-4.3pp	63.1%+15.3pp	47.8%	N/A	N/A	N/A	N/A	N/A
Return on Equity	6.3%-0.7pp	6.9%+1.2pp	5.8%-0.6pp	6.3%-2.5pp	8.8%+4.2pp	4.6%-2.3pp	6.9%-0.5pp	7.4%-3.2pp	10.6%+2.5pp	8.1%+2.1pp	5.9%+1.4pp	4.5%+2.0pp	2.5%+2.8pp	-0.3%+0.8pp	-1.1%
Return on Assets	3.4%-0.5pp	3.9%+0.6pp	3.3%-0.5pp	3.8%-1.2pp	5.0%+2.4pp	2.6%-1.3pp	3.9%-0.4pp	4.3%-1.3pp	5.6%+1.6pp	4.0%+1.2pp	2.8%+0.3pp	2.5%+1.1pp	1.4%+1.6pp	-0.1%+0.4pp	-0.5%
Debt-to-Equity	0.66+0.1x	0.570.0x	0.55+0.1x	0.45+0.4x	0.01-0.5x	0.530.0x	0.530.0x	0.50-0.1x	0.60-0.1x	0.71-0.1x	0.79+0.1x	0.670.0x	0.66-0.2x	0.90+0.9x	0.00
Asset Turnover	0.090.0x	0.090.0x	0.090.0x	0.070.0x	0.080.0x	0.080.0x	0.080.0x	0.070.0x	0.090.0x	0.08	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Operating Margin	52.7%+11.7pp	72.2%+7.6pp	42.5%-19.0pp	41.8%-9.2pp	41.0%+4.2pp	64.6%+20.4pp	61.4%+15.4pp	51.0%-6.6pp
Net Margin	42.7%+15.0pp	65.8%+4.8pp	34.5%-14.9pp	26.2%-16.7pp	27.7%-2.2pp	61.0%+25.2pp	49.4%+10.3pp	42.9%-6.7pp
Return on Equity	1.8%+0.7pp	2.8%+0.3pp	1.5%-0.4pp	1.1%-0.5pp	1.1%0.0pp	2.5%+1.2pp	1.9%+0.5pp	1.6%-0.7pp
Return on Assets	1.0%+0.4pp	1.5%+0.1pp	0.8%-0.3pp	0.6%-0.3pp	0.6%0.0pp	1.4%+0.7pp	1.1%+0.2pp	0.9%-0.4pp
Debt-to-Equity	0.650.0x	0.66+0.1x	0.67+0.1x	0.66+0.1x	0.600.0x	0.570.0x	0.61+0.1x	0.560.0x
Asset Turnover	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x

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
PROLOGIS, INC. PLD	FY2025	$8.8B	$3.3B	37.9%	$119.5B	73/100
Public Storage PSA	FY2025	$4.8B	$1.8B	37.0%	$55.7B	37/100
Extra Space Storage, Inc. EXR	FY2025	$3.4B	$974.0M	28.8%	$29.5B	43/100
REXFORD INDUSTRIAL REALTY, INC. REXR	FY2025	$1.0B	$219.8M	21.9%	$8.2B	51/100
Lineage, Inc. LINE	FY2025	$5.4B	-$113.0M	-2.1%	$7.6B	40/100
First Industrial Realty Trust, Inc. FR	FY2025	$727.1M	$247.4M	34.0%	$7.8B	49/100

Where PROLOGIS, INC. Ranks

Frequently Asked Questions

What is PROLOGIS, INC.'s annual revenue?

PROLOGIS, INC. (PLD) reported $8.8B in total revenue for fiscal year 2025. This represents a 7.2% 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 PROLOGIS, INC.'s revenue growing?

PROLOGIS, INC. (PLD) revenue grew by 7.2% year-over-year, from $8.2B to $8.8B in fiscal year 2025.

Is PROLOGIS, INC. profitable?

Yes, PROLOGIS, INC. (PLD) reported a net income of $3.3B in fiscal year 2025, with a net profit margin of 37.9%.

What is PROLOGIS, INC.'s EBITDA?

PROLOGIS, INC. (PLD) had EBITDA of $7.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does PROLOGIS, INC. have?

As of fiscal year 2025, PROLOGIS, INC. (PLD) had $1.1B in cash and equivalents against $35.0B in long-term debt.

What is PROLOGIS, INC.'s operating margin?

PROLOGIS, INC. (PLD) had an operating margin of 49.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is PROLOGIS, INC.'s net profit margin?

PROLOGIS, INC. (PLD) had a net profit margin of 37.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does PROLOGIS, INC. pay dividends?

Yes, PROLOGIS, INC. (PLD) paid $0.03 per share in dividends during fiscal year 2025.

What is PROLOGIS, INC.'s return on equity (ROE)?

PROLOGIS, INC. (PLD) has a return on equity of 6.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PROLOGIS, INC.'s operating cash flow?

PROLOGIS, INC. (PLD) generated $5.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PROLOGIS, INC.'s total assets?

PROLOGIS, INC. (PLD) had $98.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does PROLOGIS, INC. have outstanding?

PROLOGIS, INC. (PLD) had 930M shares outstanding as of fiscal year 2025.

What is PROLOGIS, INC.'s debt-to-equity ratio?

PROLOGIS, INC. (PLD) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PROLOGIS, INC.'s return on assets (ROA)?

PROLOGIS, INC. (PLD) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PROLOGIS, INC.'s P/E ratio?

PROLOGIS, INC. (PLD) trades at 31.5x earnings, its market capitalization divided by net income of $3.8B net income, trailing 12 months to March 31, 2026. The market capitalization is $119.5B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PROLOGIS, INC.'s price-to-sales ratio?

PROLOGIS, INC. (PLD) trades at 13.4x sales, its market capitalization divided by revenue of $8.9B revenue, trailing 12 months to March 31, 2026. The market capitalization is $119.5B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is PROLOGIS, INC.'s Piotroski F-Score?

PROLOGIS, INC. (PLD) has a Piotroski F-Score of 4 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 PROLOGIS, INC.'s earnings high quality?

PROLOGIS, INC. (PLD) has an earnings quality ratio of 1.50x, 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 PROLOGIS, INC. cover its interest payments?

PROLOGIS, INC. (PLD) has an interest coverage ratio of 4.35x, meaning it can adequately 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 PROLOGIS, INC.?

PROLOGIS, INC. (PLD) scores 73 out of 100 on our Financial Health Score, indicating strong 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.