AD vs AMT vs PLD Stock Comparison

Array Digital Infrastructure, American Tower and Prologis Prices as of Oct 23, 2026 Peers: Industry group
PLD Prologis, Inc.
$126.41 -5.7% 1M +0.5% 1Y
Market cap
$117.84B
P/E
28.0x
Revenue (TTM)
$9.19B
Div. yield
–
Industrial REITs Real Estate
3 wins

Head to Head

11 decided of 12

Array Digital Infrastructure leads on 8 of the 12 questions below (Array Digital Infrastructure 8, Prologis 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADAMTPLDLeader
Larger companyMarket capitalisation $2.89B $87.68B $117.84B PLD
Cheaper on earningsLower P/E, profitable companies only 5.4x 25.8x 28.0x AD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.3x 28.0x 35.5x AD
Faster revenue growthRevenue growth, trailing twelve months +98.9% +6.6% +7.3% AD
More profitableNet margin, trailing twelve months 250.8% 31.1% 45.7% AD
Better return on capitalReturn on invested capital 19.3% 9.2% 5.0% AD
Less leveragedLower net debt / EBITDA 0.5x 5.1x 4.4x AD
Higher dividend yieldTrailing dividend yield -0.05% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -32.0% -0.7% +0.5% PLD
Better 5-year returnAnnualised price return, 5 years +1.3%/yr -7.9%/yr -2.6%/yr AD
Less volatileAnnualised volatility, 1 year 45.8% 28.5% 20.5% PLD
Higher overall scoreMean of the five percentile scores vs peers 61/100 56/100 48/100 AD

Percentile Scorecard

ADAMTPLD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADAMTPLD
Valuation 20 #9 of 11 30 #8 of 11 10 #131 of 145
Growth 67 #4 of 10 89 #2 of 10 59 #60 of 144
Profitability 56 #5 of 10 67 #4 of 10 77 #33 of 140
Financial Health 100 #1 of 11 40 #7 of 11 86 #21 of 146
Shareholder Returns – – 9 #120 of 132
Overall 61 56 48
  • AD ranked among 11 companies in Infrastructure REITs
  • AMT ranked among 11 companies in Infrastructure REITs
  • PLD ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADAMTPLDSPY
1 month -4.0%+10.6%-5.7% -1.0%
3 months -4.0%+13.4%-14.4% +2.9%
6 months -30.4%+6.0%-11.0% +6.4%
Year to date -37.4%+7.6%-1.0% +11.4%
1 year -32.0%-0.7%+0.5% +13.1%
3 years -20.3%+15.8%+24.3% +79.4%
3 years, per year -7.3%+5.0%+7.5% +21.5%
5 years +6.6%-33.6%-12.2% +67.7%
5 years, per year +1.3%-7.9%-2.6% +10.9%
10 years -6.1%+63.3%+141.2% +255.2%
10 years, per year -0.6%+5.0%+9.2% +13.5%

Risk

MeasureADAMTPLDSPY
Volatility, 1Y 45.8%28.5%20.5% 12.7%
Downside volatility, 1Y 57.9%28.7%20.8% 12.7%
Beta vs S&P 500, 1Y 0.23-0.060.39 1.00
Return / volatility, 1Y -0.70-0.020.02 1.03
Max drawdown, 5Y -57.5%-46.1%-48.1% -25.4%
From 52-week high -44.4%-2.7%-15.7% -2.5%
52-week high $60.28$194.12$149.92 $779.14
52-week low $32.72$161.11$122.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADAMTPLD
P/E now vs peer median 5.4xmedian 24.1x 25.9xmedian 24.1x 28.1xmedian 27.0x
P/S now vs peer median 13.6xmedian 6.3x 8.0xmedian 6.3x 12.8xmedian 4.1x
EV/EBITDA now vs peer median 5.6xmedian 16.7x 17.7xmedian 16.7x 19.4xmedian 14.5x
P/FCF now vs peer median -8.6xmedian 18.0x 22.2xmedian 18.0x -256.6xmedian 23.7x
P/B now vs peer median 2.3xmedian 2.3x 8.6xmedian 2.3x 2.0xmedian 1.3x
PEG now vs peer median 0.03median 0.71 0.50median 0.71 3.34median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADAMTPLD
Revenue $213.53M $10.94B $9.19B
Gross profit $124.63M $10.78B –
Operating income $515.33M $4.90B $5.03B
Net income $539.97M $3.52B $4.47B
Free cash flow -$338.11M $3.96B -$459.56M
EPS (diluted) $6.19 $7.29 $4.39
Cash & equivalents $416.44M $1.76B $1.77B
Total debt $4.87B $37.19B $36.44B
Shares (diluted) 86.51M 466.27M 957.88M
Enterprise value $1.78B $80.88B $112.88B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADAMTPLD
P/E 5.4x 25.9x 28.1x
P/FCF -8.6x 22.2x -256.6x
P/Operating cash flow -9.6x 15.2x 22.5x
P/S 13.6x 8.0x 12.8x
P/B 2.3x 8.6x 2.0x
P/Tangible book -9.0x -23.6x 2.0x
EV/EBITDA 5.6x 17.7x 19.4x
EV/EBIT 6.1x 25.2x 30.3x
EV/Revenue 14.8x 11.3x 16.6x
EV/FCF -9.3x 31.2x -332.1x
EV/Operating cash flow -10.4x 21.4x 29.1x
PEG (3Y EPS CAGR) 0.03 0.50 3.34

Growth

14 metrics
MetricADAMTPLD
Revenue growth (1Y) 98.9% 6.6% 7.3%
Revenue CAGR (3Y) -62.6% 5.4% 6.0%
Gross profit growth (1Y) 275.2% 6.5% –
Gross profit CAGR (3Y) -61.4% 5.2% –
Operating income growth (1Y) 317.3% 4.9% 12.7%
Operating income CAGR (3Y) 205.9% 20.1% 10.6%
Net income growth (1Y) 2,476% 164.5% 21.9%
Net income CAGR (3Y) 207.2% 58.7% 8.9%
EPS growth (1Y) 2,291% 164.5% 21.8%
EPS CAGR (3Y) 197.0% 52.1% 8.4%
Operating cash flow growth (1Y) -135.6% 10.1% 1.3%
Operating cash flow CAGR (3Y) -35.2% 9.5% 2.9%
Free cash flow growth (1Y) -131.0% 5.8% -130.1%
Free cash flow CAGR (3Y) -152.5% 18.2% 47.6%

Profitability

14 metrics
MetricADAMTPLD
Gross margin 58.4% 98.5% –
EBITDA margin 265.4% 63.7% 85.4%
Operating margin 241.3% 44.8% 54.7%
Pretax margin 373.7% 36.0% 51.9%
Net margin 250.8% 31.1% 45.7%
FCF margin -158.3% 36.2% -5.0%
Operating cash flow margin -141.8% 52.8% 57.0%
Return on equity 35.6% 34.5% 7.7%
Return on assets 15.2% 5.6% 4.5%
Return on invested capital 19.3% 9.2% 5.0%
Return on capital employed 16.1% 9.0% –
Asset turnover 0.1x 0.2x 0.1x
Cash conversion (OCF / net income) -0.6x 1.6x 1.2x
Stock comp / revenue 0.3% 1.5% 2.2%

Financial Health

11 metrics
MetricADAMTPLD
Debt / assets 20.0% 58.8% 36.1%
Debt / equity 0.5x 3.6x 0.6x
Net debt / EBITDA 0.5x 5.1x 4.4x
Debt / FCF -2.0x 9.4x -79.3x
Liabilities / assets 62.3% 83.8% 42.5%
Equity / assets 37.7% 16.2% 57.5%
Interest coverage 13.3x 3.5x 4.8x
Current ratio 1.0x 0.4x –
Quick ratio 0.9x 0.3x –
Cash ratio 0.9x 0.2x –
Altman Z-score 1.17 1.20 –

Shareholder Returns

7 metrics
MetricADAMTPLD
Dividend yield 63.4% 3.7% 3.3%
Net buyback yield – 0.2% –
Shareholder yield 63.4% 3.9% 3.3%
Payout ratio (earnings) 27.8% – –
Payout ratio (FCF) -44.4% – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADAMTPLD
Forward P/E 5.3xFY2026 28.0xFY2026 35.5xFY2026
EPS, next fiscal year $6.38FY2026 $6.75FY2026 $3.56FY2026
EPS growth, next FY +1,039.3%FY2026 +25.0%FY2026 0.0%FY2026
EPS growth, the year after -81.8% -0.3% +2.0%
Revenue, next fiscal year $220.29MFY2026 $11.51BFY2026 $8.99BFY2026
Revenue growth, next FY +35.2%FY2026 +8.2%FY2026 +10.2%FY2026
Revenue growth, the year after -1.4% +4.0% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADAMTPLD
Held by institutions 20.6% 94.4% 94.5%
Institutions holding 140 1,743 1,724
Change in shares held, QoQ -7.9% +2.5% +1.5%
Institutions buying 69 860 968
Institutions selling 46 657 531
Buyers to sellers 1.50 1.31 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADAMTPLD
AD 1.00 0.16 0.06
AMT 0.16 1.00 0.25
PLD 0.06 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AD, AMT and PLD?

Prologis (PLD) is the largest by market capitalisation: Array Digital Infrastructure (AD) $2.89B, American Tower (AMT) $87.68B, Prologis (PLD) $117.84B.

Which stock is cheaper, AD, AMT and PLD?

Array Digital Infrastructure (AD) trades on the lowest price-to-earnings ratio (Array Digital Infrastructure (AD) 5.4x, American Tower (AMT) 25.8x, Prologis (PLD) 28.0x). On next year's consensus earnings, Array Digital Infrastructure (AD) is cheapest (Array Digital Infrastructure (AD) 5.3x, American Tower (AMT) 28.0x, Prologis (PLD) 35.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Array Digital Infrastructure (AD) grew revenue fastest over the trailing twelve months: Array Digital Infrastructure (AD) +98.9%, American Tower (AMT) +6.6%, Prologis (PLD) +7.3%.

Which company is more profitable?

Array Digital Infrastructure (AD) has the highest net margin (Array Digital Infrastructure (AD) 250.8%, American Tower (AMT) 31.1%, Prologis (PLD) 45.7%). On return on invested capital, Array Digital Infrastructure (AD) leads (Array Digital Infrastructure (AD) 19.3%, American Tower (AMT) 9.2%, Prologis (PLD) 5.0%).

Which stock has performed better?

Over the past year Prologis (PLD) returned the most: Array Digital Infrastructure (AD) -32.0%, American Tower (AMT) -0.7%, Prologis (PLD) +0.5%. Over five years, Array Digital Infrastructure (AD) compounded fastest (Array Digital Infrastructure (AD) +1.3%/yr, American Tower (AMT) -7.9%/yr, Prologis (PLD) -2.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Prologis (PLD) has been the steadiest (Array Digital Infrastructure (AD) 45.8%, American Tower (AMT) 28.5%, Prologis (PLD) 20.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AD, AMT and PLD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Array Digital Infrastructure (AD) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.