Prologis (PLD)财务
NYSE · Real Estate · REIT - Industrial · 员工2,802人 · CEO Daniel S. Letter
- 股价
- $128.06 +0.03%
- 市值
- $1220亿
- 企业价值
- $1560亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-01-20 EPS预期 $0.76
营收(TTM)$93.6亿+7.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)38.2%-8.8 百分点 对比去年同期营业利润 $35.8亿
净利润(TTM)$42.6亿+32.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$44.5亿-14.1% 对比去年同期资本支出 $11亿
稀释EPS(TTM)$4.53+32.5% 对比去年同期最近4个季度之和
净现金-$346亿-1.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1220亿 EV $1560亿
- 营收
- $93.6亿 过去12个月
- 营收增速
- 0% FY2026年一致预期
- 净利润率
- 45.5% 净利润 / 营收,TTM
- P/E
- 28.2× 预期 34.1×(FY2026)
- P/S
- 13.0× 股价 / 营收,TTM
- EV / EBITDA
- 18.3× TTM
- 自由现金流
- $44.5亿 过去12个月
- 净利润
- $42.6亿 过去12个月
- 营收预期
- $87.5亿 FY2026年一致预期
- 盈利
- 2027-01-20 营收预期 $22.4亿
- 股息
- $4.22 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-15):营收超预期9.7%,EPS 超预期105.9%营收$23.9亿,预期$21.8亿(+9.7%);EPS $1.60,预期$0.78(+105.9%)。
- 营收增长平稳:同比7.8%Q3 '26营收$23.9亿,此前四个季度的平均值为7.4%。
- 营业利润率38.2%(TTM),较去年同期-8.8 百分点营收增长7.2%,营业利润增长-12.9%。
- 税前利润的26.5%来自营业外收益税前利润$48.7亿,营业利润$35.8亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的11.7%(去年为0.0%)最近4个季度投入$11亿(同比–)。自由现金流$44.5亿,相当于净利润的104.5%。
- 股东回报$41.4亿 = 自由现金流的92.9%回购$1.47亿(去年为$2240万),股息$39.9亿,股权激励$2.1亿(TTM)。
- 稀释股数一年内增加1.2%Q3 '26稀释股数9.69亿,一年前为9.57亿。
- 净债务 $346亿现金 + 短期投资 $22.7亿,含租赁债务 $368亿;一年前净债务 $341亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $23.9亿 | $22.1亿 | +7.8% |
| 毛利率 | 15.5% | 45.7% | -30.2 百分点 |
| 营业利润 | $9.37亿 | $8.93亿 | +4.9% |
| 营业利润率 | 39.2% | 40.3% | -1.1 百分点 |
| 净利润 | $8.17亿 | $7.64亿 | +6.9% |
| 稀释EPS | $0.86 | $0.82 | +4.9% |
| 经营现金流 | $17.6亿 | $14.5亿 | +21.4% |
| 资本支出 | $11亿 | $0 | – |
| 自由现金流 | $6.61亿 | $14.5亿 | -54.4% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5000万 | $4450万 | +12.3% |
实际 vs 一致预期
2026-10-15| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $23.9亿 | $21.8亿 | +9.7% |
| EPS(一致预期口径) | $1.60 | $0.78 | +105.9% |
来自2026-10-15发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Real Estate Operations Segment | $22.2亿 | +7.7% | 93.1% | $106亿 | – | |
| Strategic Capital Segment | $1.64亿 | +9.3% | 6.9% | $8.62亿 | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Real Estate Operations Segment | $20.9亿 | +6.5% | 97.2% | $101亿 | – | |
| Strategic Capital Segment | $6090万 | +12.4% | 2.8% | $3.32亿 | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Real Estate Operations Segment | – | – | $16.9亿 | +7.9% | – | – | $65.1亿 |
| Strategic Capital Segment | – | – | $8010万 | -1.2% | – | – | $3.83亿 |
| Corporate (unallocated) | – | – | $10.4亿 | +11.1% | – | – | $51.3亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $55.5亿
- 资本支出
- -$11亿
- 股票回购
- -$1.47亿
- 股息
- -$39.9亿
- 收购
- -$26.2亿
- 债务净发行
- $20.6亿
- 股权激励费用
- $2.1亿
- 自由现金流
- $44.5亿
- 股东回报 / FCF
- 92.9%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 28.2× | 34.6× | 26.2× – 43.6× |
| EV / EBITDA | 18.3× | 22.0× | 17.0× – 28.3× |
| EV / 营收 | 16.7× | 20.5× | 15.6× – 30.6× |
| 股价 / FCF | 27.3× | 28.8× | 19.9× – 51.3× |
| 股价 / 净资产 | 2.2× | 2.4× | 1.7× – 3.8× |
| FCF收益率 | 3.7% | 3.9% | 2.0% – 5.0% |
| 投入资本回报率 | 3.4% | 4.2% | 3.6% – 5.3% |
| 净资产收益率 | 7.9% | 6.8% | 5.8% – 8.8% |
分析师
一致目标价 $154.62 (+20.7%)
区间 $136.00 – $170.00 · 评级 Buy
强烈买入0
买入27
持有14
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $87.5亿 | -0.5% | $3.76 | +6.1% | 34.1× | 3 |
| FY2027 | $94.8亿 | +8.4% | $3.33 | -11.3% | 38.4× | 4 |
| FY2028 | $104亿 | +9.9% | $3.65 | +9.6% | 35.1× | 4 |
| FY2029 | $114亿 | +9.7% | $4.64 | +27.0% | 27.6× | 1 |
| FY2030 | $122亿 | +7.1% | $5.30 | +14.2% | 24.2× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Prologis, Inc.在近期10-Q / 10-K文件中标记的全部215项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities | $16.8亿 | $16.2亿 | +3.7% | $19.6亿 | $17.7亿 | +11.0% |
| Accounts Receivable, after Allowance for Credit Loss | $6.01亿2025-12-31 | $4.07亿 | +47.6% | $6.01亿 | $4.07亿 | +47.6% |
| Accrual for Environmental Loss Contingencies | $2.08亿2025-12-31 | $1.76亿 | +18.1% | $2.08亿 | $1.76亿 | +18.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4.79亿 | -$3.5亿 | -37.2% | -$6.76亿 | -$1.2亿 | -462.6% |
| Additional Paid in Capital | $548亿 | $546亿 | +0.5% | $547亿 | $545亿 | +0.4% |
| Advance Rent | $4.18亿2025-12-31 | $4.01亿 | +4.3% | $4.18亿 | $4.01亿 | +4.3% |
| Amortization of Debt Discount (Premium) | – | – | – | $5560万 | $5220万 | +6.3% |
| Amortization of Debt Issuance Costs | – | – | – | $3010万 | $2660万 | +12.9% |
| Amortization of Debt Issuance Costs and Discounts | $2060万 | $2080万 | -1.0% | $8560万 | $7890万 | +8.6% |
| Area of Land | – | – | – | 225 acre2024-12-31 | – | – |
| Assets | $981亿 | $960亿 | +2.2% | $987亿 | $953亿 | +3.6% |
| Below Market Lease, Accumulated Amortization | $15亿2025-12-31 | $11亿 | +36.4% | $15亿 | $11亿 | +36.4% |
| Below Market Lease, Net | $14.4亿2025-12-31 | $17.8亿 | -19.2% | $14.4亿 | $17.8亿 | -19.2% |
| Cash and Cash Equivalents, at Carrying Value | $8.61亿 | $6.71亿 | +28.3% | $11.5亿 | $13.2亿 | -13.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $8.61亿 | $6.71亿 | +28.3% | $11.5亿 | $13.2亿 | -13.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2.85亿 | -$6.47亿 | +56.1% | -$1.73亿 | $7.88亿 | -121.9% |
| Common Stock, Dividends, Per Share, Cash Paid | $1.07 | $1.01 | +5.9% | $4.04 | $3.84 | +5.2% |
| Common Stock, Dividends, Per Share, Declared | – | – | – | $0.03 | $0.01 | +200.0% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 20亿2025-12-31 | – | – | 20亿 | – | – |
| Common Stock, Shares, Issued | 9.32亿 | 9.28亿 | +0.5% | 9.29亿 | 9.26亿 | +0.3% |
| Common Stock, Shares, Outstanding | 9.32亿 | 9.28亿 | +0.5% | 9.29亿 | 9.26亿 | +0.3% |
| Common Stock, Value, Issued | $932万 | $928万 | +0.5% | $929万 | $926万 | +0.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $11.8亿 | $3.64亿 | +224.2% | $27.7亿 | $41.3亿 | -32.8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $12.5亿 | $4.06亿 | +206.8% | $30亿 | $43.5亿 | -31.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3600万 | -$1710万 | +310.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.48亿 | $1.53亿 | -3.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $2亿 | $1.46亿 | +37.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1550万 | $997万 | +55.8% |
| Debt Instrument, Fair Value Disclosure | $322亿 | $302亿 | +6.4% | $330亿 | $286亿 | +15.5% |
| Debt Instrument, Unamortized Discount (Premium), Net | $3.91亿 | $4.3亿 | -9.2% | $4.04亿 | $4.41亿 | -8.3% |
| Deferred Costs, Leasing, Accumulated Amortization | $13亿2025-12-31 | $11亿 | +18.2% | $13亿 | $11亿 | +18.2% |
| Deferred Costs, Leasing, Net | $9.57亿2025-12-31 | $8.61亿 | +11.2% | $9.57亿 | $8.61亿 | +11.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$457万 | $1820万 | -125.1% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $888万 | $294万 | +202.1% |
| Deferred Income Tax Expense (Benefit) | $19万 | $668万 | -97.2% | $431万 | $2120万 | -79.6% |
| Deferred Income Tax Liabilities, Net | $1.56亿2025-12-31 | $1.41亿 | +10.6% | $1.56亿 | $1.41亿 | +10.6% |
| Deferred Income Taxes and Other Assets, Noncurrent | $769万2025-12-31 | $326万 | +136.0% | $769万 | $326万 | +136.0% |
| Deferred Revenue | $8230万2025-12-31 | $7480万 | +10.1% | $8230万 | $7480万 | +10.1% |
| Deferred Tax Assets, Capital Loss Carryforwards | $203万2025-12-31 | $610万 | -66.7% | $203万 | $610万 | -66.7% |
| Deferred Tax Assets, Equity Method Investments | $2060万2025-12-31 | $1840万 | +11.7% | $2060万 | $1840万 | +11.7% |
| Deferred Tax Assets, Gross | $4.21亿2025-12-31 | $3.63亿 | +16.0% | $4.21亿 | $3.63亿 | +16.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $5440万2025-12-31 | $5100万 | +6.6% | $5440万 | $5100万 | +6.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $2.82亿2025-12-31 | $2.64亿 | +6.9% | $2.82亿 | $2.64亿 | +6.9% |
| Deferred Tax Assets, Other | $6100万2025-12-31 | $2990万 | +104.0% | $6100万 | $2990万 | +104.0% |
| Deferred Tax Assets, Valuation Allowance | $3.67亿2025-12-31 | $3.12亿 | +17.5% | $3.67亿 | $3.12亿 | +17.5% |
| Deferred Tax Liabilities, Gross | $2.03亿2025-12-31 | $1.89亿 | +7.3% | $2.03亿 | $1.89亿 | +7.3% |
| Deferred Tax Liabilities, Net | $1.48亿2025-12-31 | $1.38亿 | +7.6% | $1.48亿 | $1.38亿 | +7.6% |
| Deferred Tax Liabilities, Other | $657万2025-12-31 | $232万 | +183.2% | $657万 | $232万 | +183.2% |
| Defined Contribution Plan, Cost | – | – | – | $1110万 | $1020万 | +8.8% |
| Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | – | – | – | 12.0%2021-12-31 | 6.0% | +100.0% |
| Defined Contribution Plan, Employer Matching Contribution, Percent of Match | – | – | – | 0.5% | 0.5% | 0.0% |
| Depreciation, Depletion and Amortization, Nonproduction | $7.32亿 | $6.52亿 | +12.2% | $26.3亿 | $25.8亿 | +1.8% |
| Derivative Asset | $8080万2025-12-31 | $1.37亿 | -41.2% | $8080万 | $1.37亿 | -41.2% |
| Derivative Instruments in Hedges, Assets, at Fair Value | $9690万 | $8240万 | +17.6% | $8080万 | $1.37亿 | -41.2% |
| Derivative Instruments in Hedges, Liabilities, at Fair Value | $1720万 | $2360万 | -26.9% | $4050万 | $63.8万 | +6,246.1% |
| Derivative Liability | $4050万2025-12-31 | $63.8万 | +6,246.1% | $4050万 | $63.8万 | +6,246.1% |
| Direct Costs of Leased and Rented Property or Equipment | $5.2亿 | $4.88亿 | +6.5% | $19.6亿 | $17.7亿 | +11.3% |
| Disposal Group, Including Discontinued Operation, Assets | $2.03亿2025-12-31 | $2.49亿 | -18.2% | $2.03亿 | $2.49亿 | -18.2% |
| Disposal Group, Including Discontinued Operation, Liabilities | $68.9万2025-12-31 | $195万 | -64.7% | $68.9万 | $195万 | -64.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01