FUNDAMENTAL ANALYSIS
PLD
Prologis
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
50 / 100
Summary
Prologis grew revenue at 13.74% a year (CAGR, or compound annual growth rate) over the last three years while net income compounded at -0.36% a year, a clear divergence in the company-level profit picture. Latest annual revenue rose 7.2% YoY (year-over-year) while annual net income fell 10.8% YoY, and the most recent quarter reported $982M in net income, up 28.5% QoQ (quarter-over-quarter). Assets cover liabilities 2.41 times, which is a meaningful solvency buffer for an industrial REIT. The Piotroski F-Score of 4 on a 0 to 9 quality scale is a mixed earnings-quality reading. P/E (TTM) is 28.44 and EPS (TTM, Diluted) is $4.50, which implies the market is pricing steady performance. The next earnings report must show whether annual net income growth reverses from negative to positive and whether quarterly net income and revenue growth continue together.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
4/9 · Neutral
Profitability — Net income positive this fiscal year
Pass
Return on Assets — Return on Assets improved year-over-year
Fail
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Pass
Leverage down — Long-term debt / total assets improved
Fail
Liquidity up — Current ratio improved year-over-year
N/A
No share dilution — Share count did not increase year-over-year
Fail
Margin up — Gross margin expanded year-over-year
N/A
Asset efficiency — Asset turnover improved year-over-year
Pass
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.