Filing Flows › Prologis (PLD) › Q4 2024
Prologis (PLD) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 14, 2025
Prologis (PLD) reported revenue of $2.2B for the fourth quarter 2024 (Q4 2024), +16% from a year earlier and +8% from the quarter before. Operating margin was 64.6%, net earnings $1.3B (58.1% of revenue).
Prologis, Q4 2024: revenue $2.2B (+16% year over year), operating margin 64.6%, net earnings $1.3B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +8% | +16% |
| Operating profit | $1.4B | +14% | +70% |
| Net earnings | $1.3B | +27% | +103% |
| Operating cash flow | $1.3B | -7% | +24% |
| Free cash flow | $506M | -17% | +177% |
What changed
Revenue was $2.2B in Q4 2024, up 16% year over year and up 8% from the previous quarter.
Operating profit was $1.4B, a 64.6% margin (up 20.4 points year over year). Of the extra revenue versus a year earlier, 188% reached operating profit, above the 44% margin then. Total costs fell 26% while revenue rose 16%. Net earnings were $1.3B, up 103% year over year. The effective tax rate was 6.1%.
Operating cash flow was $1.3B (up 24% year over year), 99% of net income including minority interests. Non-cash charges added back $0.66B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.73B. Capital expenditures of $0.83B left free cash flow of $0.51B.
Questions
What was Prologis' revenue in the fourth quarter 2024?
Prologis (PLD) reported revenue of $2.2B for the fourth quarter 2024 (Q4 2024), +16% from a year earlier and +8% from the quarter before.
Was Prologis profitable in the fourth quarter 2024?
Operating profit was $1.4B (64.6% of revenue) and net earnings $1.3B.
Source: Prologis 10-K on SEC EDGAR.