Last 46 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 36.42 | 31.47 | 21.42 | 34.91 | 43.80 | 44.36 | 19.29 | 29.23 | 31.20 | 51.67 | 49.01 | 36.43 | 24.53 | 63.66 | 44.73 | 19.10 | 36.77 | 26.91 | 24.76 | 32.33 | 36.89 |
| — | -29.1% | +11.0% | +19.4% | +40.4% | -14.2% | -60.6% | -19.8% | +27.2% | -18.8% | +9.6% | +90.8% | -33.3% | +136.5% | +80.7% | -40.9% | -0.3% | -50.2% | -60.3% | -48.6% | -14.6% | |
| P/S Ratio | 13.67 | 13.77 | 13.57 | 12.37 | 11.51 | 12.49 | 11.45 | 14.79 | 13.33 | 15.87 | 16.80 | 14.29 | 12.19 | 17.20 | 15.24 | 11.12 | 18.00 | 25.35 | 25.20 | 20.28 | 19.85 |
| — | +10.3% | +18.5% | -16.3% | -13.7% | -21.3% | -31.8% | +3.5% | +9.3% | -7.7% | +10.3% | +28.5% | -32.2% | -32.1% | -39.5% | -45.2% | -9.4% | +43.6% | +49.0% | +14.1% | +40.7% | |
| P/B Ratio | 2.14 | 2.18 | 2.12 | 1.91 | 1.75 | 1.84 | 1.72 | 2.09 | 1.85 | 2.15 | 2.20 | 1.88 | 2.06 | 2.12 | 1.84 | 1.97 | 2.32 | 3.21 | 3.41 | 2.61 | 2.51 |
| — | +18.7% | +23.1% | -8.3% | -5.1% | -14.4% | -21.7% | +11.2% | -10.2% | +1.5% | +19.0% | -4.5% | -11.2% | -34.1% | -45.9% | -24.7% | -7.5% | +44.2% | +64.8% | +23.8% | +28.8% | |
| P/FCF | 24.00 | 27.80 | 26.40 | 18.92 | 20.24 | 23.02 | 18.87 | 20.99 | 30.45 | 33.72 | 39.18 | 15.34 | 27.89 | 29.94 | 20.89 | 18.45 | 33.33 | 41.86 | 46.01 | 35.77 | 42.37 |
| — | +20.8% | +39.9% | -9.9% | -33.5% | -31.7% | -51.8% | +36.8% | +9.2% | +12.6% | +87.6% | -16.9% | -16.3% | -28.5% | -54.6% | -48.4% | -21.3% | +68.7% | +47.8% | +81.9% | +60.4% | |
| EV / EBITDA | 25.00 | 25.73 | 25.67 | 23.31 | 21.36 | 22.62 | 15.76 | 19.99 | 20.53 | 28.22 | 26.48 | 22.35 | 18.27 | 30.96 | 22.97 | 18.11 | 28.79 | 21.85 | 22.80 | 24.32 | 24.64 |
| — | +13.7% | +62.9% | +16.6% | +4.0% | -19.8% | -40.5% | -10.6% | +12.4% | -8.9% | +15.3% | +23.4% | -36.5% | +41.7% | +0.7% | -25.5% | +16.8% | -16.1% | -10.8% | +0.2% | +14.3% | |
| EV / EBIT | 43.57 | 29.76 | 24.01 | 31.67 | 37.35 | 37.84 | 20.03 | 29.27 | 29.32 | 44.73 | 44.02 | 33.35 | 24.39 | 54.87 | 44.17 | 20.35 | 35.60 | 26.67 | 26.37 | 30.54 | 35.09 |
| — | -21.3% | +19.8% | +8.2% | +27.4% | -15.4% | -54.5% | -12.2% | +20.2% | -18.5% | -0.3% | +63.9% | -31.5% | +105.7% | +67.5% | -33.4% | +1.5% | -45.4% | -53.4% | -43.3% | -6.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.6% | 10.1% | 44.6% | 45.7% | 74.7% | 74.3% | 76.4% | 76.0% | 74.3% | 72.8% | 74.2% | 73.9% | 78.0% | 72.6% | 74.9% | 76.3% | 73.8% | 73.1% | 74.8% | 73.9% | 74.8% |
| — | -86.4% | -41.6% | -39.9% | +0.5% | +2.2% | +2.9% | +2.9% | -4.7% | +0.2% | -1.0% | -3.2% | +5.7% | -0.7% | +0.2% | +3.3% | -1.3% | +2.3% | +1.3% | +1.1% | -0.6% | |
| Operating Margin | 40.2% | 36.0% | 37.8% | 40.3% | 41.8% | 41.1% | 64.6% | 61.4% | 51.0% | 36.8% | 44.2% | 46.1% | 57.6% | 32.7% | 46.4% | 52.3% | 42.6% | 98.9% | 94.6% | 64.7% | 60.9% |
| — | -12.3% | -41.4% | -34.4% | -18.0% | +11.5% | +46.2% | +33.3% | -11.5% | +12.4% | -4.8% | -11.8% | +35.2% | -66.9% | -50.9% | -19.3% | -30.1% | +113.4% | +118.0% | +25.9% | +26.0% | |
| Net Margin | 38.8% | 42.7% | 62.1% | 34.5% | 26.2% | 27.7% | 58.1% | 49.4% | 42.9% | 29.9% | 33.4% | 39.0% | 49.6% | 26.3% | 33.5% | 58.0% | 48.8% | 94.4% | 97.8% | 61.2% | 52.2% |
| — | +54.2% | +6.9% | -30.1% | -39.0% | -7.4% | +74.0% | +26.5% | -13.5% | +13.9% | -0.4% | -32.7% | +1.6% | -72.2% | -65.7% | -5.2% | -6.4% | +195.1% | +285.5% | +118.8% | +62.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.9% | 1.7% | 2.4% | 1.3% | 1.0% | 1.0% | 2.2% | 1.7% | 1.5% | 1.0% | 1.1% | 1.3% | 2.1% | 0.8% | 1.2% | 2.6% | 1.6% | 3.0% | 3.4% | 2.0% | 1.6% |
| — | +67.0% | +10.7% | -23.3% | -33.5% | +0.3% | +102.4% | +35.4% | -29.3% | +25.8% | -9.8% | -50.3% | +33.1% | -73.3% | -64.1% | +31.0% | -4.0% | +198.9% | +332.9% | +139.0% | +49.1% | |
| ROA | 3.5% | 1.0% | 1.4% | 0.8% | 0.6% | 0.6% | 1.3% | 1.1% | 0.9% | 0.6% | 0.7% | 0.8% | 1.3% | 0.5% | 0.8% | 1.7% | 1.0% | 1.9% | 2.2% | 1.3% | 1.1% |
| — | +61.0% | +6.2% | -26.6% | -36.0% | -1.4% | +96.1% | +30.9% | -31.4% | +19.4% | -13.5% | -51.8% | +31.4% | -72.9% | -63.5% | +31.9% | -4.4% | +196.1% | +328.8% | +133.8% | +45.2% | |
| ROIC | 2.9% | 0.7% | 0.7% | 0.7% | 0.8% | 0.7% | 1.2% | 1.1% | 0.9% | 0.6% | 0.7% | 0.8% | 1.3% | 0.5% | 0.9% | 1.2% | 0.7% | 1.6% | 1.7% | 1.1% | 1.0% |
| — | -8.4% | -41.7% | -30.9% | -14.0% | +18.7% | +64.5% | +37.3% | -30.1% | +17.6% | -16.9% | -35.9% | +75.8% | -67.7% | -47.5% | +11.7% | -28.2% | +116.3% | +143.4% | +35.9% | +13.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.61 | 0.60 | 0.61 | 0.62 | 0.60 | 0.56 | 0.54 | 0.56 | 0.52 | 0.51 | 0.51 | 0.47 | 0.48 | 0.44 | 0.42 | 0.46 | 0.46 | 0.48 | 0.48 | 0.47 | 0.47 |
| — | +7.7% | +12.9% | +10.2% | +17.2% | +8.6% | +5.0% | +18.3% | +6.6% | +16.8% | +20.8% | +3.4% | +4.4% | -8.3% | -12.0% | -1.8% | -0.3% | +5.3% | +0.8% | +0.3% | +5.9% | |
| Debt / EBITDA | 5.69 | 22.24 | 23.03 | 22.92 | 22.08 | 21.08 | 15.16 | 16.99 | 18.01 | 21.77 | 20.09 | 18.09 | 13.97 | 21.29 | 17.19 | 13.78 | 19.28 | 11.46 | 11.32 | 14.82 | 15.53 |
| — | +5.5% | +52.0% | +34.9% | +22.6% | -3.2% | -24.6% | -6.1% | +28.9% | +2.2% | +16.9% | +31.3% | -27.6% | +85.7% | +51.9% | -7.0% | +24.1% | -35.4% | -41.3% | -16.4% | -2.9% | |
| Current Ratio | 0.23 | 0.39 | 0.23 | 0.75 | 0.61 | 0.57 | 0.92 | 0.45 | 0.52 | 0.32 | 0.55 | 0.80 | 0.52 | 0.73 | 0.46 | 0.68 | 0.51 | 1.90 | 0.97 | 0.75 | 0.99 |
| — | -31.8% | -75.2% | +66.3% | +17.8% | +78.1% | +68.0% | -43.7% | +0.5% | -56.6% | +19.7% | +17.0% | +2.1% | -61.5% | -53.0% | -9.3% | -48.7% | +30.5% | -28.6% | -67.8% | -50.2% | |
| Quick Ratio | 0.23 | 0.39 | 0.23 | 0.75 | 0.61 | 0.57 | 0.92 | 0.45 | 0.52 | 0.32 | 0.55 | 0.80 | 0.52 | 0.73 | 0.46 | 0.68 | 0.51 | 1.90 | 0.97 | 0.75 | 0.99 |
| — | -31.8% | -75.2% | +66.3% | +17.8% | +78.1% | +68.0% | -43.7% | +0.5% | -56.6% | +19.7% | +17.0% | +2.1% | -61.5% | -53.0% | -9.3% | -48.7% | +30.5% | -28.6% | -67.8% | -50.2% | |
| Interest Coverage | 4.56 | 5.30 | 6.24 | 4.39 | 3.56 | 3.94 | 7.96 | 5.64 | 5.58 | 4.44 | 5.08 | 5.64 | 10.07 | 4.90 | 7.15 | 18.34 | 12.55 | 20.51 | 22.06 | 14.47 | 11.22 |
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Includes 30+ ratios · 46 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 36.4x. The average P/E over the last 4 quarters is 32.9x. 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.