Thursday 15 October 2026 Export FR’s income statement to Excel — free account

First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $727.1 million, up 8.58% from fiscal 2024. In the quarter to June 2026, revenue grew 8.20%, EPS grew 38.1%, free cash flow grew 183.1% and total debt rose 7.19%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten.

58.52 0.28 −0.48%

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Market cap: $8.2B
P/E: 21.5×
Fwd P/E: 26.9×
Dividend yield: 3.31%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	26.99	18.44	22.20	21.96	27.54	31.83	17.65	25.59	23.00	30.79
Piotroski F-Score Full definition →	6	7	5	6	6	4	6	5	7	5
P/S ratio Full definition →	8.54	9.30	8.85	12.32	12.01	18.03	11.74	11.41	9.91	10.43
P/FCF ratio Full definition →	64.78	37.10	274.32	99.80	210.38	0.00	0.00	0.00	29.89	0.00
P/Operating CF Full definition →	69.18	83.09	60.09	94.78	106.99	121.85	97.61	108.84	86.42	62.16
P/B ratio Full definition →	2.51	2.50	2.13	2.92	2.76	3.82	2.50	2.66	2.42	2.75
Price to Tangible BV Full definition →	2.57	2.55	2.17	2.96	2.80	3.86	2.53	2.68	2.44	2.77
EV/Sales Full definition →	12.05	12.45	11.93	15.44	15.12	21.28	15.30	14.96	13.13	13.84
EV/EBITDA Full definition →	18.58	18.63	18.18	22.69	22.03	31.49	22.35	22.26	19.44	19.81
EV/Operating CF Full definition →	26.19	25.64	22.90	26.79	28.18	37.98	20.10	30.14	24.95	21.81
EV/FCF Full definition →	91.37	49.69	370.09	125.11	264.92	(61.29)	(34.22)	(135.58)	39.61	(78.00)
Quick Ratio Full definition →	0.87	1.07	1.18	1.65	1.88	0.85	1.17	1.06	1.21	1.12
Current Ratio Full definition →	0.87	1.07	1.18	1.65	1.88	0.85	1.17	1.06	1.21	1.12
Net Debt/EBITDA Full definition →	5.41	4.72	4.70	4.59	4.54	4.82	5.20	5.28	4.77	4.87
Debt/Assets Full definition →	48.23%	44.10%	41.30%	42.16%	42.05%	38.53%	41.71%	42.98%	41.99%	44.89%
Debt/Equity Full definition →	1.05	0.88	0.77	0.83	0.82	0.72	0.82	0.84	0.80	0.93
Asset Turnover Full definition →	0.14	0.14	0.13	0.13	0.12	0.12	0.12	0.12	0.13	0.13
Operating CF/Net income Full definition →	1.43	0.96	1.29	1.03	1.23	0.99	1.15	1.11	1.23	1.87
Capex/Depreciation Full definition →	(0.98)	(0.74)	(1.58)	(1.48)	(1.52)	(3.03)	(4.19)	(2.22)	(0.73)	(2.95)
Interest Coverage Full definition →	1.99	2.42	2.76	3.17	3.24	4.07	4.37	3.29	3.28	3.62
ROE Full definition →	10.10%	14.60%	10.31%	13.70%	10.47%	12.90%	15.02%	10.63%	10.68%	8.98%
ROA Full definition →	4.41%	7.03%	5.35%	7.15%	5.36%	6.79%	7.86%	5.42%	5.51%	4.52%
ROIC Full definition →	2.83%	3.17%	2.99%	3.19%	3.11%	2.95%	3.00%	3.18%	3.47%	3.67%
Return on Tangible Assets Full definition →	4.71%	7.42%	5.65%	7.64%	5.78%	7.22%	8.04%	5.82%	5.99%	4.75%
Average Days of Receivables Full definition →	69.65	69.18	68.91	73.89	73.55	79.57	87.92	92.15	92.77	96.86
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	7.06%	7.08%	6.87%	6.71%	7.33%	7.27%	6.29%	6.05%	6.11%	5.77%
Intangible Assets out of Total Assets Full definition →	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(0.44)	(0.36)	(0.37)	(0.28)	(0.29)	(0.21)	(0.34)	(0.33)	(0.35)	(0.35)
Graham Number Full definition →	16.17	21.78	19.92	24.60	22.91	28.48	34.25	30.46	31.90	29.53
Earnings Yield Full definition →	3.71%	5.42%	4.50%	4.55%	3.63%	3.14%	5.67%	3.91%	4.35%	3.25%
Free Cash Flow Yield Full definition →	1.54%	2.70%	0.36%	1.00%	0.48%	(1.93%)	(3.81%)	(0.97%)	3.35%	(1.70%)
Revenue per Share Full definition →	3.29	3.35	3.26	3.37	3.51	3.67	4.09	4.64	5.06	5.49
Operating CF per Share Full definition →	1.51	1.63	1.70	1.94	1.88	2.06	3.11	2.30	2.66	3.48
Capex per Share Full definition →	(1.08)	(0.79)	(1.59)	(1.53)	(1.68)	(3.33)	(4.94)	(2.82)	(0.99)	(4.46)
Free Cash Flow per Share Full definition →	0.43	0.84	0.11	0.42	0.20	(1.28)	(1.83)	(0.51)	1.68	(0.97)
Cash per Share Full definition →	0.19	0.39	0.41	1.21	1.56	0.45	1.10	0.33	0.39	0.59
Shareholders Equity per Share Full definition →	11.17	12.48	13.57	14.23	15.25	17.34	19.17	19.92	20.75	20.83
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	11.17	12.48	13.57	14.23	15.25	17.34	19.17	19.92	20.75	20.83
Free Cash Flow Full definition →	49.85	99.36	13.03	52.57	25.58	(165.38)	(241.34)	(67.76)	221.99	(128.98)
Working Capital Full definition →	(14.25)	8.06	19.13	93.75	135.94	(27.66)	39.88	11.24	37.95	29.44
Capital Expenditures Full definition →	(124.04)	(93.20)	(197.47)	(192.96)	(214.85)	(432.28)	(652.28)	(372.57)	(130.50)	(590.25)
Net Current Asset Value Full definition →	(1,415.04)	(1,343.58)	(1,336.14)	(1,481.61)	(1,554.68)	(1,768.11)	(2,148.85)	(2,341.79)	(2,293.52)	(2,658.17)
EV/EBIT Full definition →	38.60	35.66	34.40	41.21	40.73	56.49	38.60	37.55	32.28	32.70
Capex to Sales Full definition →	0.33	0.24	0.49	0.45	0.48	0.91	1.21	0.61	0.19	0.81
Price to Operating Income Full definition →	27.36	26.62	25.50	32.87	32.34	47.85	29.62	28.64	24.36	24.65
Other line items
Depreciation/Fixed assets Full definition →	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Cash ROIC Full definition →	1.88%	3.52%	0.43%	1.53%	0.68%	(4.22%)	(5.09%)	(1.38%)	4.43%	(2.39%)
Accounts Receivable Turnover Full definition →	5.40	5.38	5.34	5.24	5.08	4.91	4.62	4.31	4.12	4.00
Accounts Payable Turnover Full definition →	1.26	1.33	1.41	1.21	1.01	0.96	0.83	0.98	1.32	1.23
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	274.30	278.29	245.71	358.90	368.36	425.59	492.97	316.03	265.01	340.99
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	70.04	73.63	75.70	81.25	88.26	97.06	116.94	142.54	162.61	181.57
Average Payables Full definition →	89.06	85.47	82.60	96.65	117.46	136.69	173.56	168.73	138.08	155.81
Average Assets Full definition →	2,751.54	2,867.16	3,041.88	3,330.76	3,655.38	3,985.52	4,566.71	5,065.04	5,218.60	5,474.75
Average Common Equity Full definition →	1,199.88	1,380.25	1,577.89	1,739.09	1,872.79	2,097.85	2,389.34	2,582.70	2,690.57	2,752.48

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