Saturday 17 October 2026 Export PLD’s income statement to Excel — free account

Prologis, Inc.

Prologis, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, up 7.18% from fiscal 2024. In the quarter to September 2026, revenue grew 7.84%, EPS grew 85.3%, free cash flow fell 18.3% and total debt rose 4.33%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.

125.75 1.19 −0.94%

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Market cap: $123.0B
P/E: 27.9×
Fwd P/E: 41.4×
Dividend yield: 3.36%
F-score: 4/9
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 Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 8.18

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	—	—	—	—	—	1	1	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 123,040.00

Revenue 9,363.41

Net Income 4,472.24

Free Cash Flow 2,918.70

Net Debt 34,558.98

Current Ratio 0.34

Debt/Equity 0.61

P/E ratio 27.94

Fwd P/E 41.40

P/S ratio 12.53

P/B ratio 26.47

Past 5Y EPS Growth 12.11%

This Y EPS Growth 3.37%

Next Y EPS Growth (5.16%)

Next Y revenue growth (0.51%)

Next 5Y EPS Growth 3.53%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 33.39%

10-year low 10-year high

P/S against its own 10 years 26.02%

10-year low 10-year high

P/B against its own 10 years 99.56%

10-year low 10-year high

EV/Sales against its own 10 years 26.43%

10-year low 10-year high

EV/FCF against its own 10 years 49.79%

10-year low 10-year high

Dividends

Payout Ratio 0.92

Annual Dividend Rate 4.22

Annual Dividend Yield 3.36%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.28	1.07 1.07 1.07
2025	4.04	1.01 1.01 1.01 1.01
2024	3.84	0.96 0.96 0.96 0.96
2023	3.48	0.87 0.87 0.87 0.87
2022	3.16	0.79 0.79 0.79 0.79
2021	2.52	0.63 0.63 0.63 0.63
2020	2.32	0.58 0.58 0.58 0.58
2019	2.12	0.53 0.53 0.53 0.53
2018	1.92	0.48 0.48 0.48 0.48
2017	1.76	0.44 0.44 0.44 0.44
2016	1.68	0.42 0.42 0.42 0.42

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	530	1,319	1,146	2,273
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	530	1,319	1,146	2,273

	2023	2024	2025	Q'26
Payables	1,766	1,769	1,964	6,721
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,766	1,769	1,964	6,721

Compound Annual Growth %

	10y	5y	3y
Sales	14.87%	14.64%	13.74%
Cash Flow	16.20%	11.27%	6.67%
Earnings	14.43%	17.66%	(0.36%)
Book Value	12.11%	9.72%	(0.06%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,298	2,425	2,388	—	—
’25	2,140	2,184	2,214	2,253	8,790
’24	1,957	2,008	2,036	2,201	8,202
’23	1,769	2,451	1,915	1,889	8,023
’22	1,219	1,252	1,751	1,752	5,974
’21	1,148	1,151	1,183	1,277	4,759
’20	978	1,266	1,083	1,112	4,439

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,288	1,347	—	—	—
’25	1,161	1,242	1,448	1,158	5,008
’24	1,055	1,086	1,435	1,335	4,912
’23	1,114	1,215	1,969	1,074	5,373
’22	842	804	1,203	1,278	4,126
’21	817	649	814	716	2,996
’20	679	676	978	604	2,937

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	775	156	—	—	—
’25	(396)	191	564	1,423	1,783
’24	275	495	(198)	1,710	2,282
’23	82	(2,381)	1,323	(174)	(1,149)
’22	1,143	(1,406)	(9)	302	29
’21	816	462	519	(39)	1,759
’20	468	471	644	106	1,689

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.05	1.13	0.91	—	—
’25	0.63	0.61	0.82	1.49	3.56
’24	0.63	0.92	1.08	1.37	3.91
’23	0.50	1.31	0.80	0.68	3.29
’22	1.54	0.82	1.36	0.63	4.25
’21	0.49	0.81	0.97	1.67	3.94
’20	0.70	0.54	0.40	0.38	2.01

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	35.25	48.33	55.21	56.40	59.82	93.08	98.03	96.64	100.82	85.35	Analyst estimates 2026–2028 Powerpack
	High	54.87	67.53	68.95	92.80	112.37	169.93	174.54	137.52	135.76	131.70
People
People	Employees	1,530	1,565	1,617	1,712	1,945	2,053	2,466	2,574	2,703	2,802
	Revenue/emp, $m	1.66	1.67	1.73	1.95	2.28	2.32	2.42	3.12	3.03	3.14
Income, $m
Income, $m	Revenue	2,533	2,618	2,804	3,331	4,439	4,759	5,974	8,023	8,202	8,790
	Gross margin, %	72.47	72.32	72.98	72.41	73.64	73.77	74.74	74.94	74.92	74.58
	EBT	1,347	1,816	1,886	1,776	1,747	3,323	3,691	3,464	4,115	3,769
	EBT margin, %	53.18	69.35	67.26	53.33	39.36	69.82	61.78	43.18	50.17	42.88
	Net income	1,293	1,761	1,823	1,702	1,617	3,149	3,555	3,253	3,948	3,565
	Depreciation	822	799	893	1,058	1,444	1,438	1,569	1,946	2,015	2,021
Per share, $
Per share, $	Revenue	4.81	4.94	4.94	5.28	6.09	6.44	7.60	8.68	8.86	9.47
	Earnings	2.27	3.06	2.87	2.48	2.02	3.97	4.25	3.29	3.91	3.58
	Cash flow	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.30	5.39
	Capex	0.87	1.74	(1.53)	(1.26)	(1.71)	(1.67)	(5.22)	(7.06)	(2.84)	(3.47)
	Free cash flow	3.57	4.92	1.65	2.33	2.32	2.38	0.04	(1.24)	2.46	1.92
	Book value	35.08	35.27	45.47	41.35	49.87	51.05	73.65	62.56	63.29	62.20
	Shares, m	526	530	567	631	728	739	786	924	926	928
Valuation, ×
Valuation, ×	P/E	23.26	20.78	20.68	36.09	49.34	42.30	25.85	40.79	26.43	35.76
	P/S	10.97	12.97	11.88	16.88	16.35	26.15	14.82	15.51	11.94	13.48
	P/B	1.51	1.82	1.29	2.16	2.00	3.30	1.53	2.15	1.67	2.05
	EV/Sales	14.84	16.39	15.71	20.12	20.01	29.76	18.77	19.06	15.54	17.34
	EV/FCF	20.03	16.44	47.19	45.53	52.61	80.52	3,870.20	(133.04)	55.84	85.47
Cash, $m
Cash, $m	Operating cash flow	1,417	1,687	1,804	2,264	2,937	2,996	4,126	5,373	4,912	5,008
	Capex	459	924	(870)	(792)	(1,248)	(1,237)	(4,097)	(6,522)	(2,630)	(3,225)
	Free cash flow	1,876	2,611	934	1,472	1,689	1,759	29	(1,149)	2,282	1,783
Balance, $m
Balance, $m	Working capital	283	(221)	(417)	384	(545)	(697)	(1,433)	(1,236)	(451)	(818)
	Total debt	10,608	9,413	11,090	11,906	16,849	17,715	23,876	29,001	30,879	35,037
	Net debt	9,801	8,966	10,746	10,817	16,251	17,159	23,597	28,470	29,561	33,891
	Shareholders’ equity	18,458	18,706	25,801	26,072	36,325	37,742	57,863	57,824	58,617	57,754
Returns, %
Returns, %	ROA	3.90	5.50	4.84	3.99	3.07	5.12	4.59	3.38	3.96	3.42
	ROIC	1.48	4.41	2.89	3.13	2.52	3.65	2.66	2.69	3.13	2.97
	ROE	6.55	8.87	7.41	6.06	4.73	7.94	7.04	5.28	6.41	5.72

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 16 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PLD Prologis, Inc.	$123.0B	27.9×	41.4×	+7.84% (above 0%: growing)	+85.25% (above 0%: growing)	−18.29% (below 0%: shrinking)	75.04%	43.76%
PSA Public Storage	$55.2B	28.4×	30.0×	+2.65% (above 0%: growing)	+45.45% (above 0%: growing)	+0.90% (above 0%: growing)	72.09%	37.85%	Compare
EXR Extra Space Storage Inc	$30.4B	30.8×	31.3×	+3.87% (above 0%: growing)	+5.93% (above 0%: growing)	+60.40% (above 0%: growing)	71.51%	44.86%	Compare
EGP EastGroup Properties, Inc.	$10.5B	34.4×	34.0×	+9.05% (above 0%: growing)	+16.53% (above 0%: growing)	+447.46% (above 0%: growing)	73.78%	40.76%	Compare
CUBE CubeSmart	$8.7B	26.7×	28.0×	+1.48% (above 0%: growing)	+11.11% (above 0%: growing)	−5.25% (below 0%: shrinking)	66.48%	40.97%	Compare
REXR Rexford Industrial Realty, Inc.	$8.2B	— (loss-making)	27.3×	−1.60% (below 0%: shrinking)	n/m	+30.62% (above 0%: growing)	77.10%	41.60%	Compare
FR First Industrial Realty Trust, Inc.	$8.1B	21.4×	26.9×	+8.20% (above 0%: growing)	+38.10% (above 0%: growing)	+183.07% (above 0%: growing)	75.40%	45.08%	Compare
LINE Lineage, Inc.	$7.8B	— (loss-making)	— (loss-making)	+0.81% (above 0%: growing)	n/m	+91.92% (above 0%: growing)	31.23%	3.97%	Compare
TRNO Terreno Realty Corporation	$7.0B	17.2×	32.9×	+11.12% (above 0%: growing)	−40.00% (below 0%: shrinking)	−173.91% (below 0%: shrinking)	76.25%	41.77%	Compare
Median of peers	$8.5B	27.5×	30.0×	+3.26%	+13.82%	+45.51%	72.93%	41.29%

All 15 Reit Industrial stocks →

Prologis, Inc. (PLD) key facts

Strength: Prologis, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, up 7.18% from fiscal 2024.
Prologis, Inc. (PLD) is a Reit Industrial company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, PLD traded at $125.75, a market capitalization of $123.0 billion.
Prologis, Inc. pays an annual dividend of $4.22 per share, a yield of 3.36%, with a payout ratio of 92.2%.
Return on equity was 5.72% and debt-to-equity 0.61.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.