Americold Realty Trust, Inc. (COLD) Revenue History
Annual and quarterly revenue from 2007 to present
COLD Revenue Over Time (2007–2025)
COLD Revenue Growth History
9 of 13 years with positive growth- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- +2.7%
- FY2009 revenue growth
- -12.5%
- FY2015 revenue growth
- +94.7%
- FY2016 revenue growth
- +0.6%
- FY2017 revenue growth
- +3.6%
- FY2018 revenue growth
- +3.9%
- FY2019 revenue growth
- +11.2%
- FY2020 revenue growth
- +11.4%
- FY2021 revenue growth
- +36.6%
- FY2022 revenue growth
- +7.4%
- FY2023 revenue growth
- -8.3%
- FY2024 revenue growth
- -0.3%
- FY2025 revenue growth
- -2.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $629.9M | +0.1% |
| Q4 2025 | $658.5M | -1.2% |
| Q3 2025 | $663.7M | -1.6% |
| Q2 2025 | $650.7M | -1.5% |
| Q1 2025 | $629.0M | -5.4% |
| Q4 2024 | $666.4M | -1.9% |
| Q3 2024 | $674.2M | +0.9% |
| Q2 2024 | $661.0M | +1.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
COLD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
COLD Revenue Analysis (2007–2025)
Current Revenue & Growth
As of June 21, 2026, Americold Realty Trust, Inc. (COLD) generated trailing twelve-month (TTM) revenue of $2.60 billion, reflecting modest growth of +0.1% year-over-year. The most recent quarter (Q1 2026) recorded $629.9 million in revenue, down 4.3% sequentially.
Historical Growth Trajectory
COLD's 5-year compound annual growth rate (CAGR) stands at +5.5%, indicating steady revenue expansion. The 3-year CAGR of -3.7% is below the 5-year average, signalling a growth deceleration in recent years. Americold Realty Trust, Inc.'s highest annual revenue of $2.91 billion was recorded in 2022.
Revenue by Segment
COLD's revenue is primarily driven by Warehouse Services (53%), Warehouse Rent And Storage (38%), and Transportation (7%). With over half of revenue concentrated in Warehouse Services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including NSA (-1.6% YoY), CUBE (+5.0% YoY), and EXR (+1.2% YoY) — COLD has underperformed the peer group in revenue growth. Compare COLD vs NSA →
COLD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| COLDCurrent | $2.6B | +0.1% | +5.5% | 3.8% | |
 NSA | $753M | -1.6% | +11.7% | 37.0% | |
 CUBE | $1.1B | +5.0% | +10.6% | 40.0% | |
 EXR | $3.4B | +1.2% | +19.6% | 44.1% | |
 PLD | $8.8B | +7.2% | +14.6% | 40.2% | |
 STAG | $845M | +10.0% | +11.8% | 37.7% |
COLD Historical Revenue Data (2007–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.60B | -2.4% | $104.7M | 4.0% | $98.7M | 3.8% |
| 2024 | $2.67B | -0.3% | $846.7M | 31.8% | $124.0M | 4.7% |
| 2023 | $2.67B | -8.3% | $770.6M | 28.8% | $-108,305,000 | -4.1% |
| 2022 | $2.91B | +7.4% | $696.0M | 23.9% | $87.9M | 3.0% |
| 2021 | $2.71B | +36.6% | $629.8M | 23.2% | $73.0M | 2.7% |
| 2020 | $1.99B | +11.4% | $551.5M | 27.7% | $168.5M | 8.5% |
| 2019 | $1.78B | +11.2% | $478.3M | 26.8% | $131.5M | 7.4% |
| 2018 | $1.60B | +3.9% | $405.6M | 25.3% | $180.0M | 11.2% |
| 2017 | $1.54B | +3.6% | $374.1M | 24.2% | $137.0M | 8.9% |
| 2016 | $1.49B | +0.6% | $345.6M | 23.2% | $132.1M | 8.9% |
| 2015 | $1.48B | +94.7% | $337.0M | 22.8% | $110.7M | 7.5% |
| 2009 | $761.0M | -12.5% | $191.5M | 25.2% | $17.9M | 2.4% |
| 2008 | $869.6M | +2.7% | $192.5M | 22.1% | $52.9M | 6.1% |
| 2007 | $847.0M | - | $183.0M | 21.6% | $44.8M | 5.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
COLD — Frequently Asked Questions
Quick answers to the most common questions about buying COLD stock.
Is COLD's revenue growth accelerating or slowing?
COLD revenue growth is slowing. TTM revenue is $2.6B, up +0.1% year-over-year — below the 5-year CAGR of +5.5%. The deceleration suggests maturing end-markets or increased competition.
What is COLD's revenue history from 2007 to 2026?
Americold Realty Trust, Inc. (COLD) revenue history spans 2007 to 2026. TTM revenue as of 2026 is $2.6B, growing at +0.1% YoY. The 5-year CAGR is +5.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is COLD's long-term revenue growth rate (CAGR)?
Americold Realty Trust, Inc.'s 5-year revenue CAGR of +5.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +0.1% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for COLD.
Why does COLD's quarterly revenue fluctuate?
COLD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Americold Realty Trust, Inc.'s revenue data from 2007 to 2026 shows full historical quarterly detail on this page.
How is COLD's revenue distributed by segment?
COLD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does COLD's revenue compare to industry peers?
Americold Realty Trust, Inc. (COLD) with TTM revenue of $2.6B and +0.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.