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 10.2% per year over the past 5 years.
Net income has grown slower than revenue (4.8% vs 10.2% per year).
Financial health
Total debt has grown slower than revenue (-0.5% vs 10.2% per year).
Shareholder returns
Dividends have been paid for 13 consecutive years, consuming 93.4% of earnings.
The dividend has grown 12.7% 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
$727M
$247M
0.0%
0.0%
—
—
$78M
2024
$670M
$288M
0.0%
0.0%
—
—
$45M
2023
$614M
$275M
0.0%
0.0%
—
—
$44M
2022
$540M
$359M
0.0%
0.0%
—
—
$133M
2021
$476M
$271M
0.0%
0.0%
—
—
$59M
2020
$448M
$196M
0.0%
0.0%
—
—
$162M
2019
$426M
$239M
0.0%
0.0%
—
—
$21M
2018
$404M
$163M
0.0%
0.0%
—
—
$43M
2017
$396M
$201M
0.0%
0.0%
—
$1.3B
$21M
2016
$378M
$121M
0.0%
0.0%
—
$1.4B
$10M
2015
—
$74M
—
—
—
$1.4B
$4M
2014
—
$49M
—
—
—
$1.3B
$10M
2013
—
$40M
—
—
—
$1.3B
$8M
2012
—
-$1M
—
—
—
$1.3B
$5M
2011
—
-$7M
—
—
—
$1.5B
$10M
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
$195M
$143M
0.0%
0.0%
—
—
$37M
Dec '25
$188M
$79M
0.0%
0.0%
—
—
$78M
Sep '25
$181M
$65M
0.0%
0.0%
—
—
$34M
Jun '25
$180M
$55M
0.0%
0.0%
—
—
$35M
Mar '25
$177M
$48M
0.0%
0.0%
—
—
$36M
Dec '24
$176M
$68M
0.0%
0.0%
—
—
$45M
Sep '24
$168M
$99M
0.0%
0.0%
—
—
$47M
Jun '24
$164M
$51M
0.0%
0.0%
—
—
$39M
Mar '24
$162M
$68M
0.0%
0.0%
—
—
$49M
Dec '23
$157M
$89M
0.0%
0.0%
—
—
$44M
Sep '23
$155M
$75M
0.0%
0.0%
—
—
$54M
Jun '23
$152M
$55M
0.0%
0.0%
—
—
$68M
Mar '23
$149M
$56M
0.0%
0.0%
—
—
$66M
Dec '22
$145M
$82M
0.0%
0.0%
—
—
$133M
Sep '22
$140M
$124M
0.0%
0.0%
—
—
$147M
Jun '22
$130M
$117M
0.0%
0.0%
—
—
$135M
Mar '22
$126M
$36M
0.0%
0.0%
—
—
$44M
Dec '21
$122M
$114M
0.0%
0.0%
—
—
$59M
Sep '21
$121M
$42M
0.0%
0.0%
—
—
$52M
Jun '21
$117M
$52M
0.0%
0.0%
—
—
$56M
Valuation over time
How the market has priced FR 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 risen from 19.6× (Mar '23) to 33.8× (Jun '26).
The price-to-sales ratio has fallen from 13.1× (Mar '23) to 11.5× (Jun '26).
The dividend yield has risen from 2.2% (Mar '23) to 2.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FR growing its revenue and profit?
Over the past 5 years, First Industrial Realty Trust Inc's revenue has grown 10.2% per year, and net income grown 4.8% per year. These are computed facts, not advice.
How much debt does FR have?
As of FY2025, First Industrial Realty Trust Inc reported — of total debt against $78M of cash.
What is FR's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 34.0%.
What is FR's P/E ratio?
As of Jun '26, First Industrial Realty Trust Inc traded at a price-to-earnings ratio of about 33.8× (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.