Lineage, Inc. (LINE) Stock Analysis
Real Estate · REIT - Industrial · NasdaqGS
Lineage, Inc. (LINE) posted $5.36B in revenue for fiscal 2025 (up 0.3% year over year), with a net loss of $100.00M, and has compounded revenue about 2.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Lineage, Inc.
Lineage, Inc. has grown revenue from $4.93B to $5.36B over the last 4 fiscal years, compounding about 2.8% a year. The most recent year was up 0.3%, so growth has cooled from its longer-run pace.
Net margin sits at -1.9%, up 10.5 points year over year on a 32.1% gross margin. It carries about $6.11B of total debt.
At today's valuation the market is pricing in roughly 21.8% annual free-cash-flow growth. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Lineage, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Lineage, Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $4.93B | $5.34B | $5.34B | $5.36B |
| Gross profit | $1.46B | $1.75B | $1.76B | $1.72B |
| Net income | $-63.00M | $-77.00M | $-664.00M | $-100.00M |
| Net margin | -1.3% | -1.4% | -12.4% | -1.9% |
Source: Lineage, Inc. SEC filings (10-K).
Lineage, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $6111M is 6.5× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -1.9%).
What growth is priced into LINE stock?
At today's market cap of $11.01B, Lineage, Inc. is priced for free-cash-flow growth of about 21.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $196.00M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Lineage, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Lineage, Inc. financial history by metric
Compare Lineage, Inc. with peers
About Lineage, Inc.
Lineage, Inc. is the world's largest global temperature-controlled warehouse REIT with a network of over 500 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Lineage, Inc. was incorporated in 2015 and is based in Novi, United States.
Lineage, Inc. — frequently asked questions
What is Lineage, Inc.'s revenue?
Lineage, Inc. (LINE) reported revenue of $5.36B for fiscal year 2025, up 0.3% from the prior year, according to its SEC filings.
Is Lineage, Inc. profitable?
No — LINE reported a net loss of $-100.00M in fiscal 2025.
What is LINE's P/E ratio?
Lineage, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Lineage, Inc. growing?
LINE's revenue grew at roughly 2.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Lineage, Inc. have?
As of fiscal year 2025, LINE carried roughly $6.11B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Lineage, Inc.'s gross margin?
LINE's gross margin was 32.1% in fiscal 2025 — gross profit of $1.72B on revenue of $5.36B.
What is Lineage, Inc.'s market cap?
Lineage, Inc. (LINE) has a market capitalization of about $11.01B, based on the latest data in our nightly-refreshed cache.
When does Lineage, Inc.'s fiscal year end?
LINE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into LINE stock?
At today's market cap of $11.01B, Lineage, Inc. is priced for free-cash-flow growth of about 21.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $196.00M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Lineage, Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.