Sales up 10.0%
The latest figures
All key numbers (36) From EDGAR
| EPS (ttm) | 3.77 | Sales (ttm) | 6.3B | Net income (ttm) | 1.4B | Sales growth | +10.0% | EPS growth | +122% | Sales Q/Q | +16.2% |
| Free cash flow | - | Gross margin | - | Oper. margin | 11.5% | Net margin | 21.7% | FCF margin | - | ROE | 5.9% |
| ROA | 2.8% | R&D / sales | - | Dividend | - | Debt/Eq | - | Curr. ratio | - | Cash | 2.4B |
| Op. cash flow (ttm) | 2.5B | EBITDA | 2.6B | EBITDA margin | 41.8% | Interest cover | 1.50 | ROIC | 2.8% | Tax rate | 2.4% |
| Shares out. | 351.4M | Shares Y/Y | +4.9% | Book / share | 66.50 | Cash / share | 6.91 | Sales / share | 18.04 | Asset turnover | 0.13 |
| Sales 3Y CAGR | +9.2% | Sales 5Y CAGR | +9.4% | EPS 3Y CAGR | +47.7% | EPS 5Y CAGR | +29.1% | Employees | 4,282 | Sales / employee | 1.5M |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Revenue growth sped up to +10.0%+1.4% → +10.0% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
-
Operating margin widened to 10.8%8.5% → 10.8% · Operating income / revenue · 10-K ↗
DLR against Real estate peers
Ten years, side by side → · All 30 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 30 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| DLR Digital Realty | $6.3B | +10.0% | - | 21.7% | 5.9% | - | - |
| SPG Simon Property Group | $7.2B | +6.7% | - | 63.0% | 110.4% | 46.9% | 6.96 |
| WY Weyerhaeuser | $7.0B | -3.1% | 15.0% | 6.5% | 4.8% | - | 0.57 |
| VTR Ventas | $6.8B | +18.5% | - | 3.9% | 1.7% | -15.0% | 0.79 |
| HST Host Hotels & Resorts | $6.2B | +7.6% | - | 15.0% | 14.8% | - | 0.20 |
| O Realty Income | $6.2B | +9.1% | - | 21.8% | 3.4% | - | 0.04 |
Profitability
2 of 3- ✓Net margin above the peer median21.7% vs 21.7%
- !Return on equity below 15%5.9%
- ✓A profit in every one of 10 years
Cash and shareholders
1 of 2- !Share count up over 5 years+132387.4%
- ✓Cash from operations above net income$2.4B vs $1.3B
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 6.1B Net income 1.3BFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $6.1B of revenue came from
by product, year to Dec 31, 2025- Rental and other services $6.0B · 98%
- Fee income and other $143.8M · 2%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
DLR's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Rental and other services | 6.0B | 97.6% | +8.9% |
| Fee income and other | 143.8M | 2.4% | +98.3% |
10-K 0001104659-26-015365, segment and revenue notes (XBRL).
Revenue by region
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Inside the United States | 3.2B | 51.8% | +8.8% |
| Outside the United States | 2.9B | 48.2% | +11.4% |
10-K 0001104659-26-015365, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.5B | 3.0B | 3.2B | 3.9B | 4.4B | 4.7B | 5.5B | 5.6B | 6.1B |
| SG&A | 152.7M | 161.4M | 163.7M | 211.1M | 351.4M | 400.7M | 422.2M | 449.1M | 480.0M | 565.5M |
| Operating income | 497.3M | 451.3M | 549.8M | 594.2M | 557.5M | 694.0M | 590.0M | 524.5M | 471.9M | 658.5M |
| Interest expense | 236.5M | 258.6M | 321.5M | 353.1M | 333.0M | 293.8M | 299.1M | 437.7M | 452.8M | 437.9M |
| Pretax income | - | - | - | - | - | - | - | - | - | 1.3B |
| Income tax | 10.4M | 7.9M | 2.1M | 12.0M | 38.0M | 72.8M | 31.6M | 75.6M | 54.8M | 32.0M |
| Net income | 426.2M | 248.3M | 331.2M | 579.8M | 356.4M | 1.7B | 377.7M | 948.8M | 602.5M | 1.3B |
| EPS (diluted) | 2.20 | 0.99 | 1.21 | 2.35 | 1.00 | 5.94 | 1.11 | 2.88 | 1.61 | 3.58 |
| Diluted shares | 150.7M | 174.9M | 206.7M | 209.5M | 263K | 283.2M | 297.9M | 309.1M | 331.5M | 347.8M |
| Depreciation & amortization | 699.3M | 842.5M | 1.2B | 1.2B | 1.4B | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B |
| EBITDA | 1.2B | 1.3B | 1.7B | 1.8B | 1.9B | 2.2B | 2.2B | 2.2B | 2.2B | 2.6B |
| Operating margin | 23.2% | 18.4% | 18.0% | 18.5% | 14.3% | 15.7% | 12.6% | 9.6% | 8.5% | 10.8% |
| Net margin | 19.9% | 10.1% | 10.9% | 18.1% | 9.1% | 38.6% | 8.0% | 17.3% | 10.8% | 21.4% |
| Revenue growth | - | +14.7% | +23.9% | +5.3% | +21.6% | +13.4% | +6.0% | +16.7% | +1.4% | +10.0% |
| EPS growth | - | -55.0% | +22.2% | +94.2% | -57.4% | +494% | -81.3% | +159% | -44.1% | +122% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 10.5M | 51K | 126.7M | 89.8M | 108.5M | 142.7M | 141.8M | 1.6B | 3.9B | 3.5B |
| Goodwill | 753.0M | 3.4B | 4.3B | 3.4B | 8.3B | 7.9B | 9.2B | 9.2B | 8.9B | 9.7B |
| Total assets | 12.2B | 21.4B | 23.8B | 23.1B | 36.1B | 36.4B | 41.5B | 44.1B | 45.3B | 49.4B |
| Total liabilities | 7.1B | 10.3B | 12.9B | 12.4B | 17.6B | 17.8B | 21.9B | 23.1B | 22.1B | 24.6B |
| Shareholders' equity | 5.1B | 10.3B | 9.9B | 9.9B | 17.7B | 18.0B | 17.6B | 19.1B | 21.3B | 22.9B |
| Retained earnings | -1.5B | -2.1B | -2.6B | -3.0B | -4.0B | -3.6B | -4.7B | -5.3B | -6.3B | -6.7B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 911.2M | 1.0B | 1.4B | 1.5B | 1.7B | 1.7B | 1.7B | 1.6B | 2.3B | 2.4B |
| Dividends paid | 521.6M | 646.4M | 849.5M | 996.8M | 1.2B | 1.4B | 1.5B | 1.5B | 1.6B | 1.7B |
| Acquisitions | 0 | 0 | 2.1B | 75.7M | 1.0B | - | - | - | - | 309.0M |
| Debt raised | 675.6M | 2.3B | 1.2B | 2.9B | 3.6B | 1.8B | 2.8B | 869.1M | 2.2B | 3.5B |
| Debt repaid | 0 | 884.8M | 0 | 1.9B | 2.9B | 991.0M | 1.0B | 112.0M | 2.1B | 2.5B |
| Investing cash flow | -1.3B | -1.4B | -3.0B | -275.0M | -2.6B | -1.1B | -4.7B | -1.1B | -1.9B | -2.2B |
| Financing cash flow | 350.6M | 321.2M | 1.8B | -1.3B | 935.7M | -590.6M | 3.0B | 963.5M | 2.1B | -486.7M |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating lease cost | - | - | - | 91.0M | 129.4M | - | - | - | - | - |
| Operating lease cash paid | - | - | 0 | 83.8M | 120.5M | 145.7M | 144.0M | 153.2M | 153.5M | 158.7M |
| Right-of-use assets | - | - | 0 | 628.7M | 1.4B | 1.4B | 1.4B | 1.4B | 1.2B | 1.1B |
| Operating lease liabilities | - | - | 0 | 693.5M | 1.5B | 1.5B | 1.5B | 1.5B | 1.3B | 1.3B |
| Finance lease liabilities | - | - | - | 178.1M | 233.3M | 218.6M | 325.2M | 315.2M | 319.3M | 340.6M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.