Digital Realty Trust (DLR) FCF Margin (2009 - 2026)
Digital Realty Trust's FCF Margin was 7.72% in Q2 2026, up 11.95 percentage points from -4.23% a year earlier and up 28.37 percentage points from the prior quarter.
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Analysis
Digital Realty Trust (DLR) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Digital Realty Trust's FCF Margin was -7.48% through Jun 30, 2026, up 3.48 percentage points year-over-year; for FY2025, it was -12.58%, down 2.32 percentage points from FY2024.
- FCF Margin shows a five-year change of -3.42 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -10.27% in FY2024 (+24.26 pp), -34.52% in FY2023 (-13.56 pp), -20.97% in FY2022 (-2.48 pp) and -18.49% in FY2021 (-9.33 pp).
- The Q2 2026 figure marks the highest quarterly FCF Margin since Q4 2019.
- Compared with a year earlier, FCF Margin was higher in six of the last eight quarters, with an average year-over-year change of +11.62 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q4 2024 (a gain of 45.95 percentage points); the worst was Q3 2023 (a drop of 30.32 percentage points).
- Per Business Quant data, DLR's FCF Margin in the three quarters before Q2 2026 was -20.65% (Q1 2026), -17.33% (Q4 2025) and -2.19% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 88.09 Bn | 81.37 Bn | 2.75 Bn | 35.74% |
| 2 | Digital Realty Trust | 63.73 Bn | 55.18 Bn | - | -52.55% |
| 3 | Crown Castle | 37.58 Bn | 36.25 Bn | 982.00 Mn | -1.01% |
| 4 | Sba Communications | 20.08 Bn | 18.63 Bn | 542.40 Mn | 36.29% |
| 5 | Lamar Advertising | 16.11 Bn | 15.91 Bn | 422.53 Mn | 34.00% |
| 6 | OUTFRONT Media | 5.51 Bn | 5.25 Bn | 276.40 Mn | 17.45% |
| 7 | IHS Holding | 2.83 Bn | -731.89 Mn | 207.10 Mn | 28.21% |
| 8 | Array Digital Infrastructure | 2.63 Bn | 1.52 Bn | 30.57 Mn | -91.13% |
| 9 | Clear Channel Outdoor Holdings | 1.23 Bn | 518.82 Mn | 241.86 Mn | 5.77% |
| 10 | Fermi | 1.05 Bn | 193.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -52.55% |
| Jun 30, 2026 | 7.72% |
| Mar 31, 2026 | -20.65% |
| Dec 31, 2025 | -17.33% |
| Sep 30, 2025 | -2.19% |
| Jun 30, 2025 | -4.23% |
| Mar 31, 2025 | -27.58% |
| Dec 31, 2024 | 2.37% |
| Sep 30, 2024 | -15.02% |
| Jun 30, 2024 | -6.06% |
| Mar 31, 2024 | -23.07% |
| Dec 31, 2023 | -43.58% |
| Sep 30, 2023 | -52.73% |
| Jun 30, 2023 | -12.12% |
| Mar 31, 2023 | -29.05% |
| Dec 31, 2022 | -35.13% |
| Sep 30, 2022 | -22.41% |
| Jun 30, 2022 | -3.72% |
| Mar 31, 2022 | -21.38% |
| Dec 31, 2021 | -28.87% |
API Access
Digital Realty Trust FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();