Prologis (PLD) FCF Margin (2009 - 2025)
Prologis (PLD) posted FCF Margin of 14.9% for Q4 2025, down 48.67% on a QoQ basis from 29.03% in Q3 2025, and down 810.0% year-over-year from 2.1% in Q4 2024.
Prologis (PLD) FCF Margin (2009 - 2025) Analysis & Trends
Prologis' FCF Margin history runs 17 years deep, the most recent figure standing at 14.9% for 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 was 14.9% for Q4 2025 at Prologis, down from 29.03% in the prior quarter.
- Across five years, FCF Margin topped out at 152.02% in Q3 2023 and bottomed at 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 slumped 89722 bps — and 2024, when it surged 12325 bps.
- Prologis' FCF Margin stood at 47.85% in 2021, then slumped by 53 bps to 22.33% in 2022, then slumped by 245 bps to 32.48% in 2023, then surged by 171 bps to 23.0% in 2024, then tumbled by 35 bps to 14.9% in 2025.
- Business Quant data shows PLD's FCF Margin at 14.9% in Q4 2025, 29.03% in Q3 2025, and 39.57% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.02 Bn | 137.02 Bn | 2.24 Bn | 14.90% |
| 2 | Public Storage | 57.41 Bn | 57.27 Bn | 1.18 Bn | 55.35% |
| 3 | Extra Space Storage | 31.54 Bn | 31.54 Bn | 617.72 Mn | 56.38% |
| 4 | Eastgroup Properties | 11.45 Bn | 11.45 Bn | 193.10 Mn | 90.98% |
| 5 | CubeSmart | 9.69 Bn | 9.69 Bn | 191.86 Mn | 49.11% |
| 6 | Lineage | 9.50 Bn | 9.43 Bn | 417.00 Mn | -4.24% |
| 7 | Rexford Industrial Realty | 8.87 Bn | 8.82 Bn | - | - |
| 8 | STAG Industrial | 7.83 Bn | 7.83 Bn | - | 33.95% |
| 9 | Terreno Realty | 7.64 Bn | 7.64 Bn | - | 41.22% |
| 10 | Americold Realty Trust | 4.16 Bn | 4.12 Bn | 195.51 Mn | -11.13% |
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% |