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Prologis, Inc. (PLD)
Real Estate · REIT - Industrial · NYSE
Prologis, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.53B | $2.62B | $2.80B | $3.33B | $4.44B | $4.76B | $4.91B | $6.82B | $7.51B | $8.16B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.21B | $1.65B | $1.65B | $1.57B | $1.48B | $2.94B | $3.36B | $3.05B | $3.73B | $3.32B |
| Net margin | 47.8% | 63.1% | 58.8% | 47.2% | 33.4% | 61.8% | 68.4% | 44.8% | 49.6% | 40.7% |
Source: Prologis, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into PLD stock?
At today's market cap of $138.23B, Prologis, Inc. is priced for free-cash-flow growth of about 26.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.71B from the FY ending 2018-12-31). For comparison, free cash flow actually grew 33.6%/yr over the last five fiscal years and revenue 12.9%/yr, computed from its SEC filings. 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 17 years of Prologis, 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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Prologis, Inc. financial history by metric
About Prologis, Inc.
Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refer to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors (co-investment ventures). We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity. Prologis, Inc. began operating as a fully integrated real estate company in 1997 and elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (Internal Revenue Code or IRC). We believe the current organization and method of operation enable Prologis, Inc. to maintain its status as a REIT. Prologis, L.P. was also formed in 1997. We operate, manage and measure the operating performance of our properties on an owned and managed (O&M) basis. Our O&M portfolio includes our consolidated properties as well as properties owned by our unconsolidated co investment ventures, which we manage. We make operating decisions based on our total O&M portfolio as we manage the properties without regard to their ownership. Prologis, Inc. was incorporated in 1983 and is based in San Francisco, United States.
Prologis, Inc. — frequently asked questions
What is Prologis, Inc.'s revenue?
Prologis, Inc. (PLD) reported revenue of $8.16B for fiscal year 2025, up 8.6% from the prior year, according to its SEC filings.
Is Prologis, Inc. profitable?
Yes. PLD earned net income of $3.32B in fiscal 2025, a net margin of 40.7%.
What is PLD's P/E ratio?
Prologis, Inc. trades at a price-to-earnings ratio of about 37.1 based on the latest data in our nightly-refreshed cache.
How fast is Prologis, Inc. growing?
PLD's revenue grew at roughly 12.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Prologis, Inc. have?
As of fiscal year 2025, PLD carried roughly $35.04B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Prologis, Inc.'s market cap?
Prologis, Inc. (PLD) has a market capitalization of about $138.23B, based on the latest data in our nightly-refreshed cache.
When does Prologis, Inc.'s fiscal year end?
PLD's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PLD stock?
At today's market cap of $138.23B, Prologis, Inc. is priced for free-cash-flow growth of about 26.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.71B from the FY ending 2018-12-31). For comparison, free cash flow actually grew 33.6%/yr over the last five fiscal years and revenue 12.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Prologis, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.