Prologis, Inc. — Earnings Quality Grade F
PLD · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 25 days, change +7 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 7.2%, CFFO 2.0%. Cash follows revenue
Expense Quality
No material inventory
Insufficient data
SG&A/Gross Profit = 7.2%, excellent (<30%)
Gross margin 74.6%, change -0.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.50. Profits backed by cash
FCF $5.0B, FCF/NI = 1.50
Accruals ratio = -1.7%. Low accruals
Cash $1.1B covers only 3% of debt $35.7B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 1% of equity. Manageable
Debt/EBITDA = 4.8x (>4x). Financial stress
Other assets grew 28.3% vs revenue 7.2%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -23% YoY. Normal
Manipulation Score
M-Score = -2.19 (grey zone)
Beneish M-Score
Altman Z-Score — Not Applicable
Prologis, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09