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

128.85 0.30 +0.23%
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) Operating margin

Alert me on Operating margin

Prologis, Inc.'s operating margin over the twelve months to 30 September 2026 was 54.8%, up 5.2 percentage points from fiscal 2025 (49.6%). Over the past ten years it has ranged from 17.3% (fiscal 2015) to 74.6% (fiscal 2017); the current reading is higher than 45% of that period. That is above the Reit Industrial industry median of 40.6% and above the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 49.6% (4.26)
FY2024 53.8% 7.63
FY2023 46.2% (11.84)
FY2022 58.1% (9.33)
FY2021 67.4% 19.64
FY2020 47.7% (7.80)
FY2019 55.5% (4.65)
FY2018 60.2% (14.44)
FY2017 74.6% 48.24
FY2016 26.4% 9.09

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 43.8% (7.83)
Jun 2026 51.6% (1.12)
Mar 2026 52.7% (19.49)
Dec 2025 72.2% 29.73
43 more quarters

Against its own ten years

Low 17.3% High 74.6%
Ten-year median 53.8%
Current reading's percentile 65

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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