Prologis, Inc. (PLD) Fundamental Analysis
Prologis, Inc. is a real-estate vehicle, best assessed on cash distributions and balance-sheet leverage rather than reported earnings. It is solidly profitable, with a latest net margin of 43%. Cash generation is healthy, funding the business from its own operations. On the latest filing the majority of indicators are constructive.
Beat Index assesses Prologis, Inc. across sixteen analysis tabs, spanning revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q reads strongest on profit margins, cash generation and balance-sheet strength while flagging revenue growth for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.
At a glance
- PositiveProfitability: Net margin 43%
- WatchGrowth: Revenue +7% YoY
- ConcernNo red flags in the latest quarter.
Trend matrix, last 4 quarters
| Dimension | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Growth | Revenue +7% YoY | Revenue +2% YoY | Revenue +9% YoY | Revenue +9% YoY |
| Profitability | Net margin 43% | Net margin 62% | Net margin 35% | Net margin 26% |
| Cash Generation | FCF margin 13% | Negative free cash flow | FCF margin 33% | FCF margin 14% |
| Balance Sheet | Debt/equity 0.6x | Debt/equity 0.6x | Debt/equity 0.6x | Debt/equity 0.6x |
Quarterly financials
| Metric | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|---|
| Revenue | $2.30B | $2.25B | $2.21B | $2.18B | $2.14B |
| Cash & equivalents | $861.1M | $1.15B | $1.19B | $1.07B | $671.1M |
| Net income | $982.0M | $1.40B | $764.3M | $571.2M | $593.0M |
| Operating cash flow | $1.29B | $1.16B | $1.45B | $1.24B | $1.16B |
| Free cash flow | $300.6M | -$218.4M | $727.5M | $312.6M | -$395.1M |
Figures in USD, as reported to the SEC. Longer history is available in the full analysis.
What's inside the full dashboard
Sixteen analysis tabs, all sourced from SEC filings, no estimates.
- Cash Flow: Free cash flow generation and operating cash flow trends.
- Intrinsic Value: Discounted cash flow (DCF) valuation and enterprise multiples.
- Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
- Margins: Gross, operating, and net profit margin analysis.
- Returns: Return on equity, return on assets, and return on invested capital.
- Revenue & Income: Revenue growth, composition, and year-over-year income trends.
- Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
- Risk: Debt levels, liquidity ratios, and financial risk indicators.
- Insider: Insider stock transactions and executive activity.
- Commitments: Operating leases, purchase commitments, and future obligations.
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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.