Prologis (PLD) FCF Margin (2009 - 2025)
Prologis' (PLD) quarterly FCF Margin came in at 14.9% in Q4 2025, down 810.0% YoY from 2.1% in Q4 2024, and down 48.67% on a QoQ basis from 29.03% in Q3 2025.
Prologis (PLD) FCF Margin (2009 - 2025) Analysis & Trends
Prologis (PLD) has 17 years of FCF Margin data on file, last reported at 14.9% in Q4 2025.
- Quarterly FCF Margin fell 810.0% year-over-year to 14.9% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 25.34% (up 454.0% YoY) and the FY2025 annual result came in at 25.34%, up 454.0% from the prior year.
- FCF Margin retreated to 14.9% in Q4 2025, from 29.03% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 152.02% in Q3 2023 to a low of 89.03% in Q2 2023.
- A 5-year average of 27.74% and a median of 33.11% in 2022 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2021 — FCF Margin tumbled 89722 bps — and 2024, when it surged 12325 bps.
- Tracing PLD's FCF Margin over 5 years: stood at 47.85% in 2021, then plunged by 53 bps to 22.33% in 2022, then plunged by 245 bps to 32.48% in 2023, then soared by 171 bps to 23.0% in 2024, then sank by 35 bps to 14.9% in 2025.
- The last three FCF Margin figures came in at 14.9% (Q4 2025), 29.03% (Q3 2025), and 39.57% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | - |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 55.39% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 48.91% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 54.51% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 13.67% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 46.15% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 23.92% |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | -79.33% |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | -68.68% |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | -6.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 14.90% |
| Sep 30, 2025 | 29.03% |
| Jun 30, 2025 | 39.57% |
| Mar 31, 2025 | 17.97% |
| Dec 31, 2024 | 23.00% |
| Sep 30, 2024 | -20.45% |
| Jun 30, 2024 | 34.22% |
| Mar 31, 2024 | 47.49% |
| Dec 31, 2023 | -32.48% |
| Sep 30, 2023 | 152.02% |
| Jun 30, 2023 | -89.03% |
| Mar 31, 2023 | 60.07% |
| Dec 31, 2022 | 22.33% |
| Sep 30, 2022 | 48.03% |
| Jun 30, 2022 | -49.05% |
| Mar 31, 2022 | 32.01% |
| Dec 31, 2021 | 47.85% |
| Sep 30, 2021 | 49.45% |
| Jun 30, 2021 | 93.58% |
| Mar 31, 2021 | 34.34% |