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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$6.1B
$1.3B
0.0%
10.8%
5.7%
2.7%
—
—
$3.5B
2024
$5.6B
$588M
0.0%
8.5%
2.8%
1.3%
—
—
$3.9B
2023
$5.5B
$950M
0.0%
9.6%
5.0%
2.2%
—
—
$1.6B
2022
$4.7B
$380M
0.0%
12.6%
2.2%
0.9%
—
—
$142M
2021
$4.4B
$1.7B
0.0%
15.7%
9.7%
4.8%
—
—
$143M
2020
$3.9B
$356M
0.0%
14.3%
2.0%
1.0%
—
—
$109M
2019
$3.2B
$580M
0.0%
18.5%
5.9%
2.5%
—
—
$90M
2018
$3.0B
$331M
0.0%
18.0%
3.4%
1.4%
—
—
$127M
2017
$2.5B
$248M
0.0%
18.4%
2.4%
1.2%
—
—
$51000
2016
$2.1B
$426M
0.0%
23.2%
8.4%
3.5%
—
—
$11M
2015
$1.8B
$297M
0.0%
22.8%
6.6%
2.6%
—
—
$57M
2014
$1.6B
$200M
0.0%
16.0%
5.2%
2.1%
—
—
$35M
2013
$1.5B
$314M
0.0%
25.8%
8.7%
3.3%
—
—
$50M
2012
$1.3B
$210M
0.0%
28.6%
6.1%
2.4%
—
—
$52M
2011
$1.1B
$156M
0.0%
28.6%
6.2%
2.6%
—
$2.9B
$41M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Mar '26
$1.6B
$179M
0.0%
16.4%
0.8%
0.4%
—
—
$2.4B
Dec '25
$1.6B
$99M
0.0%
6.9%
0.4%
0.2%
—
—
$3.5B
Sep '25
$1.6B
$68M
0.0%
8.8%
0.3%
0.1%
—
—
$3.3B
Jun '25
$1.5B
$1.0B
0.0%
14.2%
4.5%
2.1%
—
—
$3.6B
Mar '25
$1.4B
$110M
0.0%
14.0%
0.5%
0.2%
—
—
$2.3B
Dec '24
$1.4B
$190M
0.0%
10.1%
0.9%
0.4%
—
—
$3.9B
Sep '24
$1.4B
$51M
0.0%
11.8%
0.2%
0.1%
—
—
$2.2B
Jun '24
$1.4B
$80M
0.0%
0.7%
0.4%
0.2%
—
—
$2.3B
Mar '24
$1.3B
$282M
0.0%
11.2%
1.5%
0.7%
—
—
$1.2B
Dec '23
$1.4B
$28M
0.0%
9.8%
0.1%
0.1%
—
—
$1.6B
Sep '23
$1.4B
$734M
0.0%
4.2%
4.0%
1.7%
—
—
$1.1B
Jun '23
$1.4B
$118M
0.0%
11.3%
0.7%
0.3%
—
—
$125M
Mar '23
$1.3B
$69M
0.0%
13.2%
0.4%
0.2%
—
—
$131M
Dec '22
$1.2B
$4M
0.0%
9.8%
0.0%
0.0%
—
—
$142M
Sep '22
$1.2B
$237M
0.0%
13.2%
1.4%
0.6%
—
—
$177M
Jun '22
$1.1B
$63M
0.0%
15.0%
0.4%
0.2%
—
—
$99M
Mar '22
$1.1B
$73M
0.0%
12.5%
0.4%
0.2%
—
—
$158M
Dec '21
$1.1B
$1.1B
0.0%
11.8%
5.9%
2.9%
—
—
$143M
Sep '21
$1.1B
$134M
0.0%
16.3%
0.8%
0.4%
—
—
$116M
Jun '21
$1.1B
$121M
0.0%
17.0%
0.7%
0.3%
—
—
$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 47.1× (Nov '26).
The price-to-sales ratio has risen from 7.4× (Mar '23) to 10.1× (Nov '26).
The dividend yield has fallen from 4.2% (Mar '23) to 2.8% (Nov '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?
Digital Realty's P/E (TTM) is 44.87 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DLR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 47.1× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.