Prologis (PLD) Gross Margin (2010 - 2025)
Prologis' (PLD) quarterly Gross Margin came in at 99.29% in Q4 2025, down 36.0% YoY from 155.14% in Q4 2024, and little changed on a QoQ basis from 99.61% in Q3 2025.
Prologis (PLD) Gross Margin (2010 - 2025) Analysis & Trends
Prologis (PLD) has 16 years of Gross Margin data on file, last reported at 99.29% in 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 held at 99.29% in Q4 2025, from 99.61% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.7% in Q1 2021 to a low of 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 tumbled 49 bps.
- Tracing PLD's Gross Margin over 5 years: 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 | 131.18 Bn | 131.18 Bn | 2.41 Bn | 99.17% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 97.06% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 73.49% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 99.88% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 31.23% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 66.48% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | - |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | - |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | - |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 32.08% |
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% |