Prologis (PLD): financials, SEC filings and peers
Prologis (PLD) is an industrial reits company in the Real Estate sector of the S&P 500, headquartered in San Francisco, California.
It was founded in 1983 and joined the S&P 500 on July 17, 2003.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Prologis at a glance
- Revenue (12 months)
- $8.9B
- Revenue growth
- +6.7%
- Operating margin
- 52.4%
- Net income (12 months)
- $3.7B
- Free cash flow (12 months)
- —
- Cash
- $861M
- Debt
- $34.7B
- Diluted EPS (12 months)
- $3.97
Twelve months to March 31, 2026, from the 10-Q filed April 30, 2026.
Latest twelve months
Over the twelve months to March 31, 2026, Prologis reported revenue of $8.9 billion, about the same as a year earlier (+6.7%).
Its operating margin was 52.4%, down 2.1 percentage points from a year earlier: for every $100 of sales, about $52 was left as operating profit.
Net income was $3.7 billion (41.5% of revenue), 0.6% lower than a year earlier.
At the end of the period it held $861 million in cash and $34.7 billion in debt, a net debt position of $33.8 billion.
Five-year trend
- Revenue went from $4.4 billion in fiscal 2020 to $8.8 billion in fiscal 2025, about 14.6% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin has been steady, around 49.6%.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.8B | $6.0B | $8.0B | $8.2B | $8.8B |
| Revenue growth | 7.2% | 25.5% | 34.3% | 2.2% | 7.2% |
| Operating margin | 67.4% | 58.0% | 46.2% | 53.8% | 49.6% |
| Net income | $2.9B | $3.4B | $3.1B | $3.7B | $3.3B |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $3.94 | $4.25 | $3.29 | $4.01 | $3.56 |
Fiscal years as reported in Prologis’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed August 6, 2026 — Other event
- 8-K filed August 5, 2026 — Other event
- 8-K filed August 4, 2026 — Material agreement; New debt obligation
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 16, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed July 1, 2026 — Executive or director change
- 8-K filed June 24, 2026 — Other event
- 8-K filed June 11, 2026 — New debt obligation; Other event
Companies like Prologis
Prologis is the only S&P 500 company in Industrial REITs.
More from Real Estate
Questions about Prologis
Is Prologis's revenue growing?
Yes. Revenue for the twelve months to March 31, 2026 was $8.9 billion, up 6.7% from a year earlier, according to its SEC filings.
Is Prologis profitable?
Yes. It earned $3.7 billion in net income over the twelve months to March 31, 2026, a net margin of 41.5%.
Does Prologis have more cash or more debt?
At March 31, 2026 it had $861 million in cash and $34.7 billion in debt, so more debt than cash.
When did Prologis last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to Prologis?
In the S&P 500, Prologis is grouped in Industrial REITs within the Real Estate sector.
Understand the numbers
Source: Prologis’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.