Prologis (PLD) Gross Margin (2010 - 2025)
Prologis (PLD) posted Gross Margin of 99.29% for Q4 2025, little changed on a QoQ basis from 99.61% in Q3 2025, and down 36.0% year-over-year from 155.14% in Q4 2024.
Prologis (PLD) Gross Margin (2010 - 2025) Analysis & Trends
Prologis' Gross Margin history runs 16 years deep, the most recent figure standing at 99.29% for Q4 2025.
- Quarterly Gross Margin fell 36.0% year-over-year to 99.29% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 99.48% (up 5.0% YoY) and the FY2025 annual result came in at 99.48%, up 5.0% from the prior year.
- Gross Margin was 99.29% for Q4 2025 at Prologis, roughly flat from 99.61% in the prior quarter.
- Across five years, Gross Margin topped out at 99.7% in Q1 2021 and bottomed at 98.85% in Q4 2023.
- A 5-year average of 99.41% and a median of 99.43% in 2021 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin surged 153 bps — and 2022, when it slumped 49 bps.
- Prologis' Gross Margin stood at 99.42% in 2021, then declined by 0 bps to 99.31% in 2022, then decreased by 0 bps to 98.85% in 2023, then advanced by 1 bps to 99.65% in 2024, then dropped by 0 bps to 99.29% in 2025.
- Business Quant data shows PLD's Gross Margin at 99.29% in Q4 2025, 99.61% in Q3 2025, and 99.46% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 72.16% |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 99.88% |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | 68.05% |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | 32.15% |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | - |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | - |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | - |
| 10 | Americold Realty Trust | 4.04 Bn | 4.04 Bn | 195.51 Mn | 31.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 99.29% |
| Sep 30, 2025 | 99.61% |
| Jun 30, 2025 | 99.46% |
| Mar 31, 2025 | 99.55% |
| Dec 31, 2024 | 99.65% |
| Sep 30, 2024 | 99.23% |
| Jun 30, 2024 | 99.43% |
| Mar 31, 2024 | 99.37% |
| Dec 31, 2023 | 98.85% |
| Sep 30, 2023 | 99.36% |
| Jun 30, 2023 | 99.50% |
| Mar 31, 2023 | 99.59% |
| Dec 31, 2022 | 99.31% |
| Sep 30, 2022 | 99.60% |
| Jun 30, 2022 | 99.07% |
| Mar 31, 2022 | 99.21% |
| Dec 31, 2021 | 99.42% |
| Sep 30, 2021 | 99.63% |
| Jun 30, 2021 | 99.37% |
| Mar 31, 2021 | 99.70% |