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Prologis PLD Ratios & Valuation

TTM Q3 '25TTM Q2 '25TTM Q1 '25TTM Q4 '24TTM Q3 '24
Profitability
Operating margin208.1%-1.0pp209.1%+7.6pp201.5%+7.7pp193.8%+7.6pp186.2%+1.8pp
Net margin170.1%-2.2pp172.3%+4.1pp168.2%+6.1pp162.2%+7.6pp154.6%+1.0pp
Returns
Return on equity27%+0.3pp26.7%+1.2pp25.5%+1.0pp24.4%+1.3pp23.2%-1.0pp
Return on invested capital19.9%+0.1pp19.7%+1.1pp18.7%+0.7pp18%+0.7pp17.2%-0.8pp
Efficiency
Asset turnover0.4×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Leverage
Debt-to-equity2.6×+0.1×2.5×+0.1×2.4×0.0×2.3×0.0×2.3×+0.1×
Net debt / EBITDA18.8×+0.1×18.7×-0.1×18.8×-0.2×19×-0.4×19.3×+0.6×
Per Share
Book value per share$222.69-0.3%$223.30-0.4%$224.11+0.1%$223.94+0.3%$223.24-0.3%
Valuation
Market capitalization$408.14B-2.6%$418.83B-0.8%$422.42B-3.8%$439.29B-5.5%$464.64B+2.3%
Price / earnings114.1×-4.9×119×-7.6×126.6×-10.1×136.7×-13.9×150.7×+2.5×
Price / sales48.2×-2.7×50.8×-1.7×52.5×-2.3×54.8×-3.4×58.2×+1.3×
Price / book7.7×-0.2×7.9×0.0×7.9×-0.3×8.2×-0.5×8.7×+0.2×
EV / EBITDA77.1×-2.5×79.6×-3.2×82.8×-4.6×87.5×-6.3×93.7×+1.6×
Dividend yield14.3%+0.5pp13.8%+0.4pp13.4%+0.7pp12.6%+1.0pp11.6%0.0pp

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Questions, answered.

Where do Prologis's ratios come from?
Every ratio is computed from Prologis's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.