PLD Prologis margins

Relative Growth: Rel. Growth: 78

Relative Strength: Rel. Strength: 50

Relative Valuation: Rel. Valuation: 32

Relative Profitability: Rel. Profitability: 77

Gross margin

74.3%

Operating margin

54.7%

EBITDA margin

90.2%

Net margin

45.8%

The Prologis reports a gross margin of 74.3%, an operating margin of 54.7%, an EBITDA margin of 90.2%, and a net margin of 45.8%. Among the available margins, EBITDA margin improved the most and gross margin declined the most, by 6.5 and 1 percentage points respectively.

PLD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Prologis's margins averaged 74.74% gross, 49.79% operating, 83.58% EBITDA, and 40.23% net. For Prologis, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

PLD margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in EBITDA margin, up 6.5 percentage points. Operating margin also expanded by 2.6 percentage points and Net margin also expanded by 5.5 percentage points, while gross margin contracted by 1 percentage point.

Gross margin expansion

-1pp

Operating margin expansion

2.6pp

EBITDA margin expansion

6.5pp

Net margin expansion

5.5pp

PLD Gross margin

Over the last 3 years, the average gross margin for Prologis was 74.74%. The latest gross margin for Prologis is 74.3%, 0.4 percentage points below its three-year average. Prologis's gross margin ranged from a low of 73.8% in Jun 2024 to a high of 75.3% in Jun 2025.

PLD Operating margin

Over the last 3 years, Prologis's operating margin averaged 49.79%. The current operating margin of 54.7% is 4.9 percentage points above its three-year average. During this period, operating margin reached a high of 54.7% in Jun 2026 and a low of 44.5% in Jun 2024.

PLD EBITDA margin

Over the last 3 years, Prologis's EBITDA margin averaged 83.58%. Currently, Prologis's current EBITDA margin is 90.2%, which is 6.6 percentage points above its three-year average. During this period, EBITDA margin reached a high of 90.2% in Jun 2026 and a low of 79% in Sep 2023.

PLD Net margin

Over the last 3 years, the average net margin for Prologis was 40.23%. The current net margin stands at 45.8%, 5.6 percentage points above its three-year average. Prologis's net margin ranged from a low of 36.4% in Jun 2024 to a high of 45.8% in Jun 2026.

PLD margin group comparison

Margins compared with peer-group, industry and sector averages

Prologis's gross margin of 74.3% is above the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 63.1%, Prologis's gross margin is 18% higher.

PLD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Prologis's gross margin?

For the period ending Jun 30, 2026, PLD recorded a gross margin of 74.3%.

What is Prologis's operating margin?

The current operating margin for PLD is 54.7% as of Jun 30, 2026.

What is Prologis's EBITDA margin?

As of Jun 30, 2026, PLD has an EBITDA margin of 90.2%.

What is Prologis's net margin?

For the period ending Jun 30, 2026, PLD recorded a net margin of 45.8%.

What are the average margins of PLD?

Over the last 3 years, Prologis's margins averaged 74.7% gross, 49.8% operating, 83.6% EBITDA, and 40.2% net.

What are the highest historical margins of PLD?

Across the 5-year period, PLD posted its highest margins at 75.7% gross in Jun 2023, 80.3% operating in Mar 2022, 118.8% EBITDA in Mar 2022, and 77.1% net in Mar 2022.

What are the lowest historical margins of PLD?

Looking back across 5 years, PLD reached its lowest margins at 73.5% gross in Sep 2021, 43.5% operating in Mar 2023, 79% EBITDA in Sep 2023, and 36.4% net in Jun 2024.