15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.4% per year over the past 5 years.
Net income has grown faster than revenue (29.8% vs 9.4% per year).
Operating margin has contracted, at 10.8% in the latest year.
Financial health
Operating income covered interest expense 1.5× in the latest year, down from 1.7× 5 years ago.
Shareholder returns
Dividends have been paid for 7 consecutive years, consuming 131.6% of earnings.
The dividend has grown 6.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$6.1B
$1.3B
0.0%
10.8%
—
—
$3.5B
2024
$5.6B
$588M
0.0%
8.5%
—
—
$3.9B
2023
$5.5B
$950M
0.0%
9.6%
—
—
$1.6B
2022
$4.7B
$380M
0.0%
12.6%
—
—
$142M
2021
$4.4B
$1.7B
0.0%
15.7%
—
—
$143M
2020
$3.9B
$356M
0.0%
14.3%
—
—
$109M
2019
$3.2B
$580M
0.0%
18.5%
—
—
$90M
2018
$3.0B
$331M
0.0%
18.0%
—
—
$127M
2017
$2.5B
$248M
0.0%
18.4%
—
—
$51000
2016
$2.1B
$426M
0.0%
23.2%
—
—
$11M
2015
$1.8B
$297M
0.0%
22.8%
—
—
$57M
2014
$1.6B
$200M
0.0%
16.0%
—
—
$35M
2013
$1.5B
$314M
0.0%
25.8%
—
—
$50M
2012
$1.3B
$210M
0.0%
28.6%
—
—
$52M
2011
$1.1B
$156M
0.0%
28.6%
—
$2.9B
$41M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.6B
$179M
0.0%
16.4%
—
—
$2.4B
Dec '25
$1.6B
$99M
0.0%
6.9%
—
—
$3.5B
Sep '25
$1.6B
$68M
0.0%
8.8%
—
—
$3.3B
Jun '25
$1.5B
$1.0B
0.0%
14.2%
—
—
$3.6B
Mar '25
$1.4B
$110M
0.0%
14.0%
—
—
$2.3B
Dec '24
$1.4B
$190M
0.0%
10.1%
—
—
$3.9B
Sep '24
$1.4B
$51M
0.0%
11.8%
—
—
$2.2B
Jun '24
$1.4B
$80M
0.0%
0.7%
—
—
$2.3B
Mar '24
$1.3B
$282M
0.0%
11.2%
—
—
$1.2B
Dec '23
$1.4B
$28M
0.0%
9.8%
—
—
$1.6B
Sep '23
$1.4B
$734M
0.0%
4.2%
—
—
$1.1B
Jun '23
$1.4B
$118M
0.0%
11.3%
—
—
$125M
Mar '23
$1.3B
$69M
0.0%
13.2%
—
—
$131M
Dec '22
$1.2B
$4M
0.0%
9.8%
—
—
$142M
Sep '22
$1.2B
$237M
0.0%
13.2%
—
—
$177M
Jun '22
$1.1B
$63M
0.0%
15.0%
—
—
$99M
Mar '22
$1.1B
$73M
0.0%
12.5%
—
—
$158M
Dec '21
$1.1B
$1.1B
0.0%
11.8%
—
—
$143M
Sep '21
$1.1B
$134M
0.0%
16.3%
—
—
$116M
Jun '21
$1.1B
$121M
0.0%
17.0%
—
—
$120M
Valuation over time
How the market has priced DLR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 90.8× (Mar '23) to 51.5× (Jun '26).
The price-to-sales ratio has risen from 7.4× (Mar '23) to 11.1× (Jun '26).
The dividend yield has fallen from 4.2% (Mar '23) to 2.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is DLR growing its revenue and profit?
Over the past 5 years, Digital Realty's revenue has grown 9.4% per year, and net income grown 29.8% per year. These are computed facts, not advice.
How much debt does DLR have?
As of FY2025, Digital Realty reported — of total debt against $3.5B of cash; operating income covered interest expense 1.5×.
What is DLR's profit margin?
In FY2025, gross margin was —, operating margin 10.8%, and net margin 21.5%.
What is DLR's P/E ratio?
As of Jun '26, Digital Realty traded at a price-to-earnings ratio of about 51.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.