Last 47 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Prologis, Inc.'s quarterly P/E stands at 21.4x, up 11.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 62.9% YoY to 25.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 39.70 | 21.42 | 34.91 | 43.80 | 44.36 | 19.29 | 29.23 | 31.20 | 51.67 | 49.01 | 36.43 | 24.53 | 63.66 |
| — | +11.0% | +19.4% | +40.4% | -14.2% | -60.6% | -19.8% | +27.2% | -18.8% | +9.6% | +90.8% | -33.3% | +136.5% | |
| P/S Ratio | 15.32 | 13.57 | 12.37 | 11.51 | 12.49 | 11.45 | 14.79 | 13.33 | 15.87 | 16.80 | 14.29 | 12.19 | 17.20 |
| — | +18.5% | -16.3% | -13.7% | -21.3% | -31.8% | +3.5% | +9.3% | -7.7% | +10.3% | +28.5% | -32.2% | -32.1% | |
| P/B Ratio | 2.33 | 2.12 | 1.91 | 1.75 | 1.84 | 1.72 | 2.09 | 1.85 | 2.15 | 2.20 | 1.88 | 2.06 | 2.12 |
| — | +23.1% | -8.3% | -5.1% | -14.4% | -21.7% | +11.2% | -10.2% | +1.5% | +19.0% | -4.5% | -11.2% | -34.1% | |
| P/FCF | 26.88 | 26.40 | 18.92 | 20.24 | 23.02 | 18.87 | 20.99 | 30.45 | 33.72 | 39.18 | 15.34 | 27.89 | 29.94 |
| — | +39.9% | -9.9% | -33.5% | -31.7% | -51.8% | +36.8% | +9.2% | +12.6% | +87.6% | -16.9% | -16.3% | -28.5% | |
| EV / EBITDA | 27.35 | 25.67 | 23.31 | 21.36 | 22.62 | 15.76 | 19.99 | 20.53 | 28.22 | 26.48 | 22.35 | 18.27 | 30.96 |
| — | +62.9% | +16.6% | +4.0% | -19.8% | -40.5% | -10.6% | +12.4% | -8.9% | +15.3% | +23.4% | -36.5% | +41.7% | |
| EV / EBIT | 47.66 | 24.01 | 31.67 | 37.35 | 37.84 | 20.03 | 29.27 | 29.32 | 44.73 | 44.02 | 33.35 | 24.39 | 54.87 |
| — | +19.8% | +8.2% | +27.4% | -15.4% | -54.5% | -12.2% | +20.2% | -18.5% | -0.3% | +63.9% | -31.5% | +105.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Prologis, Inc.'s operating margin was 37.8% in Q4 2025, down 2.5 pp QoQ and down 26.7 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 40.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 41.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.6% | 44.6% | 45.7% | 74.7% | 74.3% | 76.4% | 76.0% | 74.3% | 72.8% | 74.2% | 73.9% | 78.0% | 72.6% |
| — | -41.6% | -39.9% | +0.5% | +2.2% | +2.9% | +2.9% | -4.7% | +0.2% | -1.0% | -3.2% | +5.7% | -0.7% | |
| Operating Margin | 40.2% | 37.8% | 40.3% | 41.8% | 41.1% | 64.6% | 61.4% | 51.0% | 36.8% | 44.2% | 46.1% | 57.6% | 32.7% |
| — | -41.4% | -34.4% | -18.0% | +11.5% | +46.2% | +33.3% | -11.5% | +12.4% | -4.8% | -11.8% | +35.2% | -66.9% | |
| Net Margin | 38.8% | 62.1% | 34.5% | 26.2% | 27.7% | 58.1% | 49.4% | 42.9% | 29.9% | 33.4% | 39.0% | 49.6% | 26.3% |
| — | +6.9% | -30.1% | -39.0% | -7.4% | +74.0% | +26.5% | -13.5% | +13.9% | -0.4% | -32.7% | +1.6% | -72.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.9% | 2.4% | 1.3% | 1.0% | 1.0% | 2.2% | 1.7% | 1.5% | 1.0% | 1.1% | 1.3% | 2.1% | 0.8% |
| — | +10.7% | -23.3% | -33.5% | +0.3% | +102.4% | +35.4% | -29.3% | +25.8% | -9.8% | -50.3% | +33.1% | -73.3% | |
| ROA | 3.5% | 1.4% | 0.8% | 0.6% | 0.6% | 1.3% | 1.1% | 0.9% | 0.6% | 0.7% | 0.8% | 1.3% | 0.5% |
| — | +6.2% | -26.6% | -36.0% | -1.4% | +96.1% | +30.9% | -31.4% | +19.4% | -13.5% | -51.8% | +31.4% | -72.9% | |
| ROIC | 2.9% | 0.7% | 0.7% | 0.8% | 0.7% | 1.2% | 1.1% | 0.9% | 0.6% | 0.7% | 0.8% | 1.3% | 0.5% |
| — | -41.7% | -30.9% | -14.0% | +18.7% | +64.5% | +37.3% | -30.1% | +17.6% | -16.9% | -35.9% | +75.8% | -67.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Prologis, Inc.'s Debt/EBITDA ratio is 23.0x — elevated, raising questions about debt serviceability. The current ratio has weakened 75.2% YoY to 0.23x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.61 | 0.61 | 0.62 | 0.60 | 0.56 | 0.54 | 0.56 | 0.52 | 0.51 | 0.51 | 0.47 | 0.48 | 0.44 |
| — | +12.9% | +10.2% | +17.2% | +8.6% | +5.0% | +18.3% | +6.6% | +16.8% | +20.8% | +3.4% | +4.4% | -8.3% | |
| Debt / EBITDA | 5.69 | 23.03 | 22.92 | 22.08 | 21.08 | 15.16 | 16.99 | 18.01 | 21.77 | 20.09 | 18.09 | 13.97 | 21.29 |
| — | +52.0% | +34.9% | +22.6% | -3.2% | -24.6% | -6.1% | +28.9% | +2.2% | +16.9% | +31.3% | -27.6% | +85.7% | |
| Current Ratio | 0.23 | 0.23 | 0.75 | 0.61 | 0.57 | 0.92 | 0.45 | 0.52 | 0.32 | 0.55 | 0.80 | 0.52 | 0.73 |
| — | -75.2% | +66.3% | +17.8% | +78.1% | +68.0% | -43.7% | +0.5% | -56.6% | +19.7% | +17.0% | +2.1% | -61.5% | |
| Quick Ratio | 0.23 | 0.23 | 0.75 | 0.61 | 0.57 | 0.92 | 0.45 | 0.52 | 0.32 | 0.55 | 0.80 | 0.52 | 0.73 |
| — | -75.2% | +66.3% | +17.8% | +78.1% | +68.0% | -43.7% | +0.5% | -56.6% | +19.7% | +17.0% | +2.1% | -61.5% | |
| Interest Coverage | 4.56 | 6.24 | 4.39 | 3.56 | 3.94 | 7.96 | 5.64 | 5.58 | 4.44 | 5.08 | 5.64 | 10.07 | 4.90 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying PLD stock.
Prologis, Inc.'s current P/E is 39.7x. The average P/E over the last 4 quarters is 36.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Prologis, Inc.'s current operating margin is 40.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Prologis, Inc.'s business trajectory between earnings reports.