Lineage vs Prologis
Prologis is the larger business, with $8.79bn of revenue in fiscal 2025 against $5.36bn for Lineage (1.6 times as much). Prologis grew faster (7.2% against 0.3%). Prologis kept more of each dollar of sales as profit: a net margin of 37.9% against -1.9%. Prologis carries less debt relative to equity (66.9% against 74.5%).
| Latest fiscal year | LineageLINE, 2025 | PrologisPLD, 2025 |
|---|---|---|
| Revenue | $5.36bn | $8.79bn |
| Revenue growth | 0.3% | 7.2% |
| Net income | −$100m | $3.33bn |
| Operating margin | 3.4% | 49.6% |
| Net margin | -1.9% | 37.9% |
| Return on equity | -1.2% | 6.2% |
| Free cash flow | $196m | $5.01bn |
| Cash | $66.0m | $1.15bn |
| Total debt | $6.14bn | $35.58bn |
| Debt to equity | 74.5% | 66.9% |
| Dividend per share | $2.11 | — |
| Dividend yield | 6.4% | 3.2% |
| Share buybacks | $82.0m | — |
| Employees | 24,000 | — |
| Market value | $8.28bn | $122.28bn |
| Price vs our value range | — | — |
| Moat score | — | 65 (Moderate) |
| Insider trades, 12 months | 9 buys, 0 sales | 0 buys, 5 sales |