Americold Realty Trust, Inc. (COLD) Revenue History
Annual and quarterly revenue from 2009 to 2025
Compound Annual Growth Rate (CAGR)
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COLD Revenue Growth
Revenue Breakdown (FY 2024)
COLD's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
COLD Revenue Analysis (2009–2025)
As of May 6, 2026, Americold Realty Trust, Inc. (COLD) generated trailing twelve-month (TTM) revenue of $2.60 billion, reflecting slight decline in growth of -1.2% year-over-year. The most recent quarter (Q4 2025) recorded $658.5 million in revenue, down 0.8% sequentially.
Looking at the longer-term picture, COLD's 5-year compound annual growth rate (CAGR) stands at +5.5%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.91 billion in 2022.
Revenue diversification analysis shows COLD's business is primarily driven by Warehouse Services (52%), Warehouse Rent And Storage (38%), and Transportation (8%). With over half of revenue concentrated in Warehouse Services, the company maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 | -1.2% | +5.5% | 0.3% | |
 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 | $8.2B | +10.7% | +19.7% | 53.8% | |
 STAG | $845M | +10.0% | +11.8% | 37.7% |
COLD Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.60B | -2.4% | $0 | - | $7.2M | 0.3% |
| 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% |
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Start ComparisonCOLD — 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 slowed to -1.2%, below the 5-year CAGR of +5.5%. TTM revenue is $2.6B. The deceleration marks a shift from historical growth rates.
What is COLD's long-term revenue growth rate?
Americold Realty Trust, Inc.'s 5-year revenue CAGR of +5.5% reflects the variable expansion pattern. Current YoY growth of -1.2% is near this long-term average.
How is COLD's revenue distributed by segment?
COLD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2009-2025 are available for download. Segment mix reveals concentration and diversification trends.