Prologis (PLD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Prologis

NYSE•Real Estate•REIT - Industrial

$127.98-0.04(<0.01%)Market closed

Market Cap

$121.87B

P/E

28.6x

P/S

13.0x

P/B

2.2x

Prologis, Inc. don't just lead the industry, they define it. The firm creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, their ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of onenot just shaping the future of logistics but building what comes next. Prologis, Inc. was established in 1983 and is incorporated in Maryland.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Growth (20/25); weakest: Cash & Earnings Quality (6/25).

Profitability18/25

Growth20/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality6/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.6x5y range 18.6x – 42.3x

Currently near its 20-quarter median.

P/S · 13.0x5y range 11.4x – 26.1x

Currently near its 20-quarter median.

P/B · 2.2x5y range 1.7x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $121.87B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.36B
Q. Revenue: $2.39B
TTM EBITDA: $7.93B
TTM Op. Income: $5.13B
Q. Op. Income: $1.04B
TTM Net Income: $4.26B
Q. Net Income: $817.10M
EPS: $0.86
Shares Out.: $944.13M

$9.36B in TTM revenue grew 7.2% YoY, reaching $2.39B last quarter. TTM EBITDA of $7.93B and TTM operating income of $5.13B show growth is flowing through to the bottom line. TTM net income of $4.26B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 78.6%
EBITDA Margin: 73.5%
Op. Margin: 43.8%
Net Margin: 34.2%

Op. margin of 43.8% is up 1.3% YoY — cost efficiency is improving. Net margin at 34.2% and gross margin of 78.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.6x
P/S Ratio: 13.0x
P/B Ratio: 2.2x

At 28.6x P/E, the stock trades within typical market levels. P/S of 13.0x and P/B of 2.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $103.89B
Cash: $2.27B
Long-Term Debt: $36.83B
Book Value: $55.91B
D/E Ratio: 0.7
Debt/EBITDA: 21.0

With $103.89B in assets and $36.83B in long-term debt, D/E is 0.7and book value is $55.91B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 2% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.76B
TTM Free Cash Flow: $-148.54M
FCF Margin: -1.6%
FCF / Net Income: -0.0

TTM FCF of $-148.54M on $1.76B in operating cash flow. The FCF / Net Income ratio of -0.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.