Prologis (PLD) FCF Margin (2009 - 2025)
Prologis' (PLD) quarterly FCF Margin came in at 14.9% in Q4 2025, down 810.0% on a YoY basis from 2.1% in Q4 2024, and down 59.78% quarter-over-quarter from 37.05% in Q3 2025.
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Prologis (PLD) FCF Margin (2009 - 2025) Analysis & Trends
Prologis (PLD) has reported FCF Margin for 17 consecutive years, with 14.9% the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, FCF Margin fell 810.0% year-over-year to 14.9%; the trailing twelve-month figure through Dec 2025 stood at 25.34% (up 454.0% YoY), and the FY2025 full-year result was 25.34%, up 454.0% from the prior year.
- FCF Margin declined to 14.9% in Q4 2025 per PLD's latest filing, from 37.05% in the prior quarter.
- Across five years, FCF Margin topped out at 92.41% in Q3 2023 and bottomed at 52.92% in Q2 2023.
- Historically, FCF Margin has averaged 18.59% across 5 years, with a median of 17.48% in 2024.
- The widest YoY moves for FCF Margin: up 6542 bps in 2024, down 6230 bps in 2024.
- Over 5 years, FCF Margin stood at 12.99% in 2021, then jumped by 72 bps to 22.36% in 2022, then grew by 25 bps to 27.93% in 2023, then declined by 18 bps to 23.0% in 2024, then tumbled by 35 bps to 14.9% in 2025.
- According to Business Quant data, FCF Margin over the past three periods registered 14.9%, 37.05%, and 31.6% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 126.47 Bn | 126.47 Bn | 2.41 Bn | - |
| 2 | Eastgroup Properties | 10.61 Bn | 10.61 Bn | 193.10 Mn | 54.51% |
| 3 | Lineage | 8.58 Bn | 8.52 Bn | 425.00 Mn | 13.67% |
| 4 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 23.92% |
| 5 | STAG Industrial | 7.11 Bn | 7.11 Bn | - | -68.68% |
| 6 | Terreno Realty | 6.94 Bn | 6.94 Bn | - | -79.33% |
| 7 | Americold Realty Trust | 3.94 Bn | 3.90 Bn | 212.69 Mn | -6.08% |
| 8 | LXP Industrial Trust | 3.53 Bn | 3.53 Bn | 71.94 Mn | -55.43% |
| 9 | Innovative Industrial Properties | 1.62 Bn | 1.62 Bn | - | 69.93% |
| 10 | Industrial Logistics Properties Trust | 518.87 Mn | 518.87 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 14.90% |
| Sep 30, 2025 | 37.05% |
| Jun 30, 2025 | 31.60% |
| Mar 31, 2025 | 17.81% |
| Dec 31, 2024 | 23.00% |
| Sep 30, 2024 | 30.11% |
| Jun 30, 2024 | 12.51% |
| Mar 31, 2024 | 17.16% |
| Dec 31, 2023 | 27.93% |
| Sep 30, 2023 | 92.41% |
| Jun 30, 2023 | -52.92% |
| Mar 31, 2023 | 10.03% |
| Dec 31, 2022 | 22.36% |
| Sep 30, 2022 | 48.00% |
| Jun 30, 2022 | -34.01% |
| Mar 31, 2022 | 16.56% |
| Dec 31, 2021 | 12.99% |
| Sep 30, 2021 | 3.47% |
| Jun 30, 2021 | 6.45% |
| Mar 31, 2021 | 34.34% |