Aureus
AExcellent

Prologis, Inc.(PLD)

A

Financial data as of Dec 31, 2024Stable · Real Estate

FCF Margin59.9%Free Cash Flow / Revenue
Cash Conversion131.6%Operating CF / Net Income
Free Cash Flow$4.9B
Revenue$8.2B
Net Cash-$30.2BNet debt position
Debt / FCF6.4xElevated debt burden
Current Ratio0.92Tight short-term liquidity
YoY FCF Growth+0.9%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (6.4x)
→
+0.5Healthy FCF margin with manageable debt (59.9%, 6.4x)
→
-1Current ratio below 1.0 (0.92)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (59.9%)
  • Excellent cash conversion (132%)
  • Highly consistent quarterly FCF

Concerns

  • Heavy debt position ($30.2B)
  • High debt-to-FCF ratio (6.4x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin59.9%
Net Margin45.5%
Operating CF Margin59.9%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$30.2BNet debt position
Debt / FCF6.4xElevated debt burden
Current Ratio0.92Tight liquidity
Debt / Equity0.58Low leverage

Quarterly FCF Trend

+0.9% YoYStable (+0.9%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

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Detailed Metrics

Company NamePrologis, Inc.
SectorReal Estate
Free Cash Flow$4.9B
Revenue$8.2B
Net Income$3.7B
Operating Cash Flow$4.9B
Capital Expenditure$0
FCF Margin59.9%
Cash Conversion Rate131.6%
Net Margin45.5%
Total Debt$31.5B
Total Cash$1.3B
Net Cash-$30.2B
Current Ratio0.92
Debt / Equity0.58
Debt / FCF6.4x
YoY FCF Growth+0.9%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance

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