Prologis, Inc.

PLD Real Estate Reit Industrial

Prologis, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, up 7.18% from fiscal 2024.

Revenue
+7.84%
EPS
+4.88%
Free cash flow
−37.9%
Total debt
+4.33%

Quarter to September 2026, against a year earlier

128.15 0.40 −0.31%
Market cap
$124.6B
P/E
28.3×
Fwd P/E
34.1×
Dividend yield
3.28%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Prologis, Inc. (PLD) Free cash flow margin

Alert me on Free cash flow margin

Prologis, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 28.9%, up 8.6 percentage points from fiscal 2025 (20.3%). Over the past ten years it has ranged from −14.3% (fiscal 2023) to 99.7% (fiscal 2017); the current reading is higher than 27% of that period. That is above the Reit Industrial industry median of 18.6% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 20.3% (7.54)
FY2024 27.8% 42.15
FY2023 −14.3% (14.81)
FY2022 0.49% (36.47)
FY2021 37.0% (1.08)
FY2020 38.0% (6.16)
FY2019 44.2% 10.91
FY2018 33.3% (66.44)
FY2017 99.7% 25.68
FY2016 74.1% 8.35

Against its own ten years

Low −14.3% High 99.7%
Ten-year median 37.0%
Current reading's percentile 27

Free cash flow margin against peers

Company Free cash flow margin
TRNO Terreno Realty Corporation compare 55.6%
PSA Public Storage compare 48.6%
CUBE CubeSmart compare 43.6%
EXR Extra Space Storage Inc compare 30.4%
PLD Prologis, Inc. 28.9%
REXR Rexford Industrial Realty, Inc. compare 26.8%
LINE Lineage, Inc. compare 6.13%
EGP EastGroup Properties, Inc. compare 2.62%
FR First Industrial Realty Trust, Inc. compare −3.03%
Reit Industrial industry median 18.6%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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