Prologis (PLD) Gross Margin (2009 - 2025)
Prologis (PLD) reported Gross Margin of 99.29% for Q4 2025, down 36.0% on a YoY basis from 155.14% in Q4 2024, and little changed quarter-over-quarter from 99.61% in Q3 2025.
Prologis (PLD) Gross Margin (2009 - 2025) Analysis & Trends
Prologis has reported Gross Margin for 17 years, with the latest figure at 99.29% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 36.0% year-over-year to 99.29%; the trailing twelve-month figure through Dec 2025 stood at 99.48% (up 5.0% YoY), and the FY2025 full-year result was 99.48%, up 5.0% from the prior year.
- Gross Margin for Q4 2025 stood at 99.29%, roughly flat from 99.61% in the prior quarter.
- The five-year high for Gross Margin was 99.7% in Q1 2021, with the low at 98.85% in Q4 2023.
- Historically, Gross Margin has averaged 99.41% across 5 years, with a median of 99.43% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin surged 153 bps — and 2022, when it tumbled 49 bps.
- Prologis' Gross Margin stood at 99.42% in 2021, then slipped by 0 bps to 99.31% in 2022, then fell by 0 bps to 98.85% in 2023, then rose by 1 bps to 99.65% in 2024, then decreased by 0 bps to 99.29% in 2025.
- The last three Gross Margin figures came in at 99.29% (Q4 2025), 99.61% (Q3 2025), and 99.46% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | -607.24% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 99.88% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 32.15% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 68.05% |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | - |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | - |
| 10 | Americold Realty Trust | 4.14 Bn | 4.14 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% |