Stocks · Real Estate · REIT - Industrial
Prologis, Inc. PLD
$128.91 +0.57% Close, Oct 2, 2026 · NYSE · Market cap $120.28B
Next earnings report: Oct 15, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to 38.4% from 52.1% a year earlier.
- Net debt is 4.2× EBITDA, a high level of leverage.
- The shares trade at 28.7× trailing earnings, lower than 86% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 47%
- EPS growth (TTM, YoY)Top 42%
- FCF growth (TTM, YoY)Top 45%
- Revenue growth, 3-year CAGRTop 20%
- Revenue growth accelerationTop 44%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 44%
- Gross marginBottom 36%
- Operating marginTop 30%
- Cash conversion (OCF / net income)Bottom 31%
- Accruals (lower is better)Bottom 28%
- Net debt / EBITDA (lower is better)Top 24%
- Interest coverTop 15%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 44%
- Free-cash-flow yieldBottom 44%
- EBITDA / enterprise valueBottom 36%
- Sales / enterprise valueBottom 12%
- P/E vs own 5-year history (lower is better)Top 30%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 22%
- 6-month returnBottom 47%
- 1-year return vs S&P 500Top 21%
- Distance from 52-week highTop 30%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 21%
- Consecutive EPS beatsTop 12%
- Share of analysts rating BuyTop 31%
- Upside to consensus price targetBottom 45%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 31%
- Maximum drawdown, 3 yearsTop 45%
- Beta vs S&P 500 (lower is better)Bottom 28%
- Net debt / EBITDA (lower is better)Top 24%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.7% | 7.3% | ↑ |
| EPS growth (YoY) | -0.5% | 22.0% | ↑ |
| Gross margin | 75.3% | 29.1% | ↓ |
| Operating margin | 52.1% | 38.4% | ↓ |
| FCF margin | 60.4% | 57.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.3% | 6.7% | ↑ | Top 47% |
| EPS growth (TTM, YoY) | 22.0% | -0.5% | ↑ | Top 42% |
| Gross margin | 29.1% | 75.3% | ↓ | Bottom 36% |
| Operating margin | 38.4% | 52.1% | ↓ | Top 30% |
| Net margin | 45.8% | 40.3% | ↑ | — |
| Free-cash-flow margin | 57.0% | 60.4% | ↓ | — |
| Return on invested capital | 3.4% | — | Bottom 44% | |
| Revenue growth, 3-year CAGR | 13.7% | — | Top 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.25×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.2%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.15×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.25%
- Net buyback yield (TTM)
- 0.11%
- Shareholder yield
- 3.36%
- Share count change, 1 year
- +0.2%
- Share count change, 3-year CAGR
- -0.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +51.6%
- Average 2-day reaction, last 8
- +3.5%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $155.15
- Target vs current price
- +20.4%
- Analysts with a rating
- 42
- Share rating Buy or Strong Buy
- 60%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 16, 2026 | +51.3% | +4.6% | +0.9% | -1.9% | — |
| Apr 16, 2026 | +30.3% | +1.7% | +1.2% | +1.6% | +1.7% |
| Jan 21, 2026 | +102.2% | +0.3% | -1.6% | +6.7% | +8.7% |
| Oct 15, 2025 | +22.8% | +6.3% | +9.1% | +9.4% | +12.1% |
| Jul 16, 2025 | -11.7% | +1.4% | +0.5% | -3.5% | +6.8% |
| Apr 16, 2025 | +2.8% | +1.8% | +3.0% | +9.3% | +11.0% |
| Jan 21, 2025 | +115.6% | +7.1% | +10.7% | +10.8% | -10.0% |
| Oct 16, 2024 | +71.4% | +4.6% | -2.0% | -7.1% | -13.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 16, 2026 | $1.13 | $0.75 | +51.3% | $2.18B |
| Apr 16, 2026 | $1.05 | $0.81 | +30.3% | $2.13B |
| Jan 21, 2026 | $1.49 | $0.74 | +102.2% | $2.09B |
| Oct 15, 2025 | $0.82 | $0.67 | +22.8% | $2.05B |
| Jul 16, 2025 | $0.61 | $0.69 | -11.7% | $2.03B |
| Apr 16, 2025 | $0.65 | $0.63 | +2.8% | $1.99B |
| Jan 21, 2025 | $1.38 | $0.64 | +115.6% | $1.94B |
| Oct 16, 2024 | $1.08 | $0.63 | +71.4% | $1.90B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 28.7× | 34.9× | 14th | Top 44% |
| P/E (forward) | 35.0× | — | — | — |
| EV / EBITDA | 18.5× | — | — | Bottom 36% |
| EV / Sales | 16.86× | — | — | Bottom 12% |
| Free-cash-flow yield | 4.36% | — | — | Bottom 44% |
| Earnings yield | 3.48% | — | — | Top 44% |
P/E over the past five years
Range 21.2× – 61.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +10.7%
- Earnings per share growth (TTM)
- +22.0%
- Change in P/E multiple
- +9.9%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.4%
- 200-day average slope (20 days)
- +0.5%
- Distance from 50-day average
- -7.1%
- Distance from 200-day average
- -6.5%
- RSI (14)
- 29.5
- Relative volume
- 1.06×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.1%
- Volatility vs own 5-year history
- 12th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.74
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -14.1%
- Maximum drawdown, 3 years
- -34.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 28, 2022 | Apr 8, 2025 | -48.1% | 738 days | Not yet recovered |
| Dec 31, 2021 | Feb 23, 2022 | -16.4% | 36 days | 30 days (Apr 6, 2022) |
| Oct 12, 2020 | Jan 6, 2021 | -13.3% | 59 days | 59 days (Apr 1, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $120.28B
- P/E (TTM)
- 28.7
- EPS, diluted (TTM)
- $4.49
- Revenue (TTM)
- $9.19B
- Dividend yield
- 3.27%
- 52-week range
- $111.03 – $153.35
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $4.76B | $5.97B | $8.02B | $8.20B | $8.79B |
| Gross profit | $3.51B | $4.46B | $6.01B | $6.14B | $5.24B |
| Operating income | $3.21B | $3.47B | $3.71B | $4.42B | $3.54B |
| Net income | $2.94B | $3.36B | $3.06B | $3.73B | $3.41B |
| EPS (diluted) | $3.84 | $4.13 | $3.29 | $4.01 | $3.54 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.04B | $2.20B | $2.14B | $2.18B | $2.21B | $2.25B | $2.30B | $2.43B |
| Net income | $1.01B | $1.28B | $593.0M | $571.2M | $764.3M | $1.40B | $982.0M | $1.06B |
| EPS (diluted) | $1.08 | $1.37 | $0.63 | $0.60 | $0.82 | $1.49 | $1.05 | $1.13 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.00B | $4.13B | $5.37B | $4.91B | $5.01B |
| Capital expenditure | -$499.0M | -$550.6M | $0 | $0 | $0 |
| Free cash flow | $2.50B | $3.58B | $5.37B | $4.91B | $5.01B |
| Dividends paid | -$1.87B | -$2.49B | -$3.23B | -$3.57B | -$3.76B |
| Net share buybacks | $743,000 | -$27.7M | -$24.5M | -$30.5M | -$23.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.77B
- Total assets
- $101.01B
- Total liabilities
- $42.89B
- Total debt
- $36.44B
- Net debt
- $34.68B
- Shareholders’ equity
- $53.73B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 16, 2026 | $1.07 | Sep 30, 2026 |
| Jun 16, 2026 | $1.07 | Jun 30, 2026 |
| Mar 17, 2026 | $1.07 | Mar 31, 2026 |
| Dec 16, 2025 | $1.01 | Dec 31, 2025 |
| Sep 16, 2025 | $1.01 | Sep 30, 2025 |
| Jun 17, 2025 | $1.01 | Jun 30, 2025 |
| Mar 18, 2025 | $1.01 | Mar 31, 2025 |
| Dec 16, 2024 | $0.96 | Dec 31, 2024 |
Short interest
- Shares sold short
- 18,883,429
- Days to cover
- 5.94
- Change vs previous report
- +6.6%
FINRA short interest, settlement date Sep 15, 2026.