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 7.3% per year over the past 5 years.
Net income has grown slower than revenue (0.5% vs 7.3% per year).
Financial health
Total debt ($8.7B) exceeds cash ($155M); net debt is $8.6B.
Total debt has grown in line with revenue (5.4% vs 7.3% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 169.4% of earnings.
The dividend has grown 1.7% 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
$1.7B
$466M
0.0%
0.0%
5.7%
2.6%
—
$8.7B
$155M
2024
$1.6B
$461M
0.0%
0.0%
5.5%
2.6%
—
$8.0B
$640M
2023
$1.7B
$708M
100.0%
0.0%
8.1%
3.9%
—
$8.1B
$634M
2022
$1.5B
$599M
99.8%
0.0%
6.7%
3.3%
—
$7.9B
$168M
2021
$1.3B
$410M
99.7%
0.0%
5.4%
2.6%
—
$6.8B
$165M
2020
$1.2B
$455M
99.3%
0.0%
6.6%
3.1%
—
$6.7B
$249M
2019
$1.2B
$305M
98.7%
0.0%
4.4%
2.2%
—
$6.1B
$196M
2018
$886M
$412M
97.5%
0.0%
6.0%
2.9%
—
$6.4B
$218M
2017
$848M
$277M
93.9%
0.0%
8.7%
3.4%
—
$4.3B
$162M
2016
$942M
$268M
90.2%
0.0%
8.1%
3.2%
—
$4.4B
$155M
2015
$938M
$172M
0.0%
22.4%
5.0%
2.0%
—
$4.5B
$157M
2014
$908M
$240M
0.0%
24.7%
6.4%
2.8%
—
$250M
$199M
2013
$490M
$99M
0.0%
17.5%
5.2%
2.1%
—
$475M
$118M
2012
$352M
$62M
0.0%
26.8%
3.1%
1.3%
—
$2.0B
$124M
2011
$310M
$139M
0.0%
0.0%
20.4%
9.5%
—
—
$29M
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
Sep '26
$468M
$141M
0.0%
0.0%
1.6%
0.8%
—
$8.8B
$143M
Jun '26
$461M
$185M
0.0%
0.0%
2.1%
1.0%
—
$8.9B
$164M
Mar '26
$455M
$176M
0.0%
0.0%
2.1%
1.0%
—
$8.8B
$239M
Dec '25
$445M
$148M
0.0%
0.0%
1.8%
0.8%
—
$8.7B
$155M
Sep '25
$431M
$141M
0.0%
0.0%
1.7%
0.8%
—
$8.7B
$249M
Jun '25
$431M
$51M
0.0%
0.0%
0.6%
0.3%
—
$8.6B
$245M
Mar '25
$410M
$126M
0.0%
0.0%
1.5%
0.7%
—
$7.9B
$188M
Dec '24
$406M
$47M
0.0%
0.0%
0.6%
0.3%
—
$8.0B
$640M
Sep '24
$397M
$112M
0.0%
0.0%
1.3%
0.6%
—
$8.0B
$818M
Jun '24
$390M
$143M
0.0%
0.0%
1.7%
0.8%
—
$8.1B
$1.1B
Mar '24
$390M
$159M
0.0%
0.0%
1.8%
0.9%
—
$7.9B
$777M
Dec '23
$412M
$144M
100.0%
0.0%
1.7%
0.8%
—
$8.1B
$634M
Sep '23
$449M
$125M
100.0%
0.0%
1.4%
0.7%
—
$8.3B
$136M
Jun '23
$453M
$145M
100.0%
0.0%
1.6%
0.8%
—
$8.6B
$204M
Mar '23
$428M
$294M
100.0%
0.0%
3.2%
1.6%
—
$8.3B
$148M
Dec '22
$403M
$210M
100.0%
0.0%
2.3%
1.2%
—
$7.9B
$168M
Sep '22
$384M
$105M
99.9%
0.0%
1.2%
0.6%
—
$7.8B
$186M
Jun '22
$344M
$128M
99.7%
0.0%
1.7%
0.8%
—
$6.8B
$104M
Mar '22
$348M
$157M
99.7%
0.0%
2.0%
1.0%
—
$6.8B
$205M
Dec '21
$375M
$100M
99.7%
0.0%
1.3%
0.6%
—
$6.8B
$165M
Valuation over time
How the market has priced WPC 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 29.7× (Mar '23) to 31.9× (Nov '26).
The price-to-sales ratio has fallen from 12.0× (Mar '23) to 8.7× (Nov '26).
The dividend yield has risen from 4.7% (Mar '23) to 5.3% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WPC growing its revenue and profit?
Over the past 5 years, W. P. Carey Inc.'s revenue has grown 7.3% per year, and net income grown 0.5% per year. These are computed facts, not advice.
How much debt does WPC have?
As of FY2025, W. P. Carey Inc. reported $8.7B of total debt against $155M of cash.
What is WPC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 27.2%.
What is WPC's P/E ratio?
W. P. Carey Inc.'s P/E (TTM) is 22.85 as of the 2026-11-03 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 WPC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 31.9× 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.