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Stag Industrial (STAG) Financials

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$38.77 -0.18 (-0.46%)
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Annual Income Statements for Stag Industrial

Annual Income Statements for Stag Industrial

This table shows Stag Industrial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -39 20 21 82 44 197 188 178 193 189 273
Consolidated Net Income / (Loss)		 -29 36 32 96 51 207 196 182 197 193 279
Net Income / (Loss) Continuing Operations		 -29 36 32 96 51 207 196 182 197 193 279
Total Pre-Tax Income 		-29 36 32 96 51 207 196 182 197 193 279
Total Operating Income		 1.76 20 50 73 98 132 164 204 238 263 317
Total Gross Profit		 176 201 243 282 331 394 454 532 568 613 673
Total Revenue		 219 250 301 351 406 483 562 657 708 767 845
Operating Revenue		 218 250 301 351 406 483 562 657 708 767 845
Total Cost of Revenue		 43 49 58 69 75 89 108 126 140 155 172
Operating Cost of Revenue		 43 49 58 69 75 89 108 126 140 155 172
Total Operating Expenses		 174 181 193 209 233 262 290 328 331 350 356
Selling, General & Admin Expense		 30 35 35 35 38 42 52 51 52 52 54
Depreciation Expense		 110 125 151 168 185 215 239 275 278 293 302
Impairment Charge		 29 17 1.88 6.18 9.76 5.58 0.00 1.78 0.00 4.97 0.89
Total Other Income / (Expense), net		 -31 16 -18 23 -47 75 32 -21 -40 -70 -38
Interest Expense		 36 46 42 49 55 63 66 79 95 114 134
Interest & Investment Income		 0.01 0.01 0.01 0.02 0.09 0.45 0.12 0.10 0.07 0.04 0.39
Other Income / (Expense), net		 4.99 62 24 72 7.39 138 98 57 54 44 96
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.58 1.45 1.28 3.60 1.70 4.92 4.39 4.15 4.57 4.23 5.92
Basic Earnings per Share		 ($0.58) $0.29 $0.24 $0.80 $0.35 $1.32 $1.15 $1.00 $1.07 $1.04 $1.46
Weighted Average Basic Shares Outstanding		 66.31M 70.64M 89.54M 103.40M 125.39M 148.79M 163.44M 178.75M 180.22M 182.16M 186.84M
Diluted Earnings per Share		 ($0.58) $0.29 $0.23 $0.79 $0.35 $1.32 $1.15 $1.00 $1.07 $1.04 $1.46
Weighted Average Diluted Shares Outstanding		 66.31M 70.85M 90.00M 103.81M 125.68M 149.22M 164.09M 178.94M 180.56M 182.40M 187.17M
Weighted Average Basic & Diluted Shares Outstanding		 66.31M 82.05M 97.23M 112.50M 148.69M 158.40M 177.95M 179.33M 181.78M 186.56M 191.04M
Cash Dividends to Common per Share		 - - - $1.42 $1.43 $1.44 $1.45 - $1.47 $1.48 $1.49

Quarterly Income Statements for Stag Industrial

This table shows Stag Industrial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 50 42 37 60 42 51 91 50 49 83 62
Consolidated Net Income / (Loss)		 51 43 37 61 43 52 93 51 50 85 63
Net Income / (Loss) Continuing Operations		 51 43 37 61 43 52 93 51 50 85 63
Total Pre-Tax Income 		51 43 37 61 43 52 93 51 50 85 63
Total Operating Income		 63 63 64 60 68 72 74 79 79 85 84
Total Gross Profit		 145 147 148 152 153 159 162 167 169 175 177
Total Revenue		 179 183 188 190 191 199 206 208 211 221 224
Operating Revenue		 179 183 188 190 191 199 206 208 211 221 224
Total Cost of Revenue		 34 37 39 37 38 40 44 40 42 46 47
Operating Cost of Revenue		 34 37 39 37 38 40 44 40 42 46 47
Total Operating Expenses		 82 83 85 93 85 87 88 88 90 90 93
Selling, General & Admin Expense		 12 12 14 12 13 13 14 13 13 14 14
Depreciation Expense		 70 71 71 75 73 74 74 74 76 77 79
Total Other Income / (Expense), net		 -12 -21 -26 1.45 -25 -20 19 -28 -31 1.61 -21
Interest Expense		 24 25 26 27 29 32 33 34 32 36 36
Interest & Investment Income		 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.00 0.37 0.01 0.10
Other Income / (Expense), net		 12 4.76 0.00 29 3.76 12 52 5.69 2.20 36 15
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.18 0.95 0.87 1.34 0.92 1.10 2.02 1.10 1.06 1.74 1.35
Basic Earnings per Share		 $0.28 $0.22 $0.20 $0.33 $0.23 $0.28 $0.49 $0.27 $0.26 $0.44 $0.32
Weighted Average Basic Shares Outstanding		 180.80M 180.22M 181.71M 181.96M 182.03M 182.16M 186.47M 186.54M 186.59M 186.84M 191.00M
Diluted Earnings per Share		 $0.28 $0.22 $0.20 $0.33 $0.23 $0.28 $0.49 $0.27 $0.26 $0.44 $0.32
Weighted Average Diluted Shares Outstanding		 181.16M 180.56M 181.99M 182.19M 182.30M 182.40M 186.76M 186.91M 186.84M 187.17M 191.24M
Weighted Average Basic & Diluted Shares Outstanding		 181.57M 181.78M 182.08M 182.11M 182.21M 186.56M 186.62M 186.70M 186.75M 191.04M 191.21M
Cash Dividends to Common per Share		 $0.37 - $0.37 $0.37 $0.37 - $0.37 $0.37 $0.37 - $0.39

Annual Cash Flow Statements for Stag Industrial

This table details how cash moves in and out of Stag Industrial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -12 1.40 6.32 -5.59 -11 8.48 2.86 3.59 -4.92 16 63
Net Cash From Operating Activities		 122 136 162 198 233 294 336 388 391 460 463
Net Cash From Continuing Operating Activities		 122 136 162 198 233 294 336 388 391 460 463
Net Income / (Loss) Continuing Operations		 -29 36 32 96 51 207 196 182 197 193 279
Consolidated Net Income / (Loss)		 -29 36 32 96 51 207 196 182 197 193 279
Depreciation Expense		 110 125 151 168 185 215 239 275 278 293 302
Amortization Expense		 8.53 6.21 4.58 4.16 4.86 4.34 2.05 -0.35 -0.89 -0.60 -2.54
Non-Cash Adjustments To Reconcile Net Income		 30 -32 -19 -55 15 -129 -97 -57 -55 -37 -96
Changes in Operating Assets and Liabilities, net		 2.09 0.71 -6.86 -15 -22 -3.00 -3.67 -12 -28 12 -19
Net Cash From Investing Activities		 -372 -346 -572 -507 -1,223 -555 -1,220 -448 -320 -731 -497
Net Cash From Continuing Investing Activities		 -372 -346 -572 -507 -1,223 -555 -1,220 -448 -320 -731 -497
Purchase of Property, Plant & Equipment		 -17 -30 -46 -35 -65 -56 -40 -112 -108 -150 -205
Acquisitions		 -84 -90 -95 -116 -205 -111 -159 -50 -15 -82 -59
Purchase of Investments		 -292 -378 -497 -565 -995 -662 -1,211 -422 -304 -625 -398
Sale of Property, Plant & Equipment		 22 152 65 208 42 274 188 135 106 126 164
Other Investing Activities, net		 -1.45 0.00 1.80 0.24 0.00 0.78 1.02 0.45 0.51 0.00 0.00
Net Cash From Financing Activities		 238 212 416 304 979 269 887 63 -76 286 97
Net Cash From Continuing Financing Activities		 238 212 416 304 979 269 887 63 -76 286 97
Repayment of Debt		 -400 -615 -541 -1,071 -1,526 -1,258 -3,613 -1,786 -1,044 -2,032 -1,776
Payment of Dividends		 -106 -117 -141 -159 -190 -224 -246 -267 -268 -274 -282
Issuance of Debt		 671 663 678 1,220 1,843 1,314 4,115 2,063 1,167 2,426 1,999
Issuance of Common Equity		 75 283 422 386 852 438 707 55 69 167 157
Other Financing Activities, net		 0.00 0.00 -0.97 -1.52 -1.60 -1.50 -1.34 -1.60 -0.81 -1.05 -0.65
Cash Interest Paid		 32 39 41 46 51 59 58 74 90 109 128

Quarterly Cash Flow Statements for Stag Industrial

This table details how cash moves in and out of Stag Industrial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -2.50 9.84 -8.78 21 37 -34 11 -12 -17 82 -62
Net Cash From Operating Activities		 103 92 105 122 128 105 104 112 144 104 117
Net Cash From Continuing Operating Activities		 103 92 105 122 128 105 104 112 144 104 117
Net Income / (Loss) Continuing Operations		 51 43 37 61 43 52 93 51 50 85 63
Consolidated Net Income / (Loss)		 51 43 37 61 43 52 93 51 50 85 63
Depreciation Expense		 70 71 71 75 73 74 74 74 76 77 79
Amortization Expense		 -0.30 -0.40 -0.30 0.84 -0.53 -0.60 -0.58 -0.64 -0.67 -0.64 -0.51
Non-Cash Adjustments To Reconcile Net Income		 -12 -4.53 1.13 -27 -3.46 -10 -51 -5.15 -3.74 -36 -17
Changes in Operating Assets and Liabilities, net		 -5.30 -17 -4.55 12 17 -9.95 -12 -7.87 22 -22 -7.16
Net Cash From Investing Activities		 -208 -87 -76 -171 -143 -341 -25 -65 -147 -260 -92
Net Cash From Continuing Investing Activities		 -208 -87 -76 -171 -143 -341 -25 -65 -147 -260 -92
Purchase of Property, Plant & Equipment		 -23 -30 -25 -17 -41 -67 -46 -50 -48 -61 -41
Acquisitions		 -12 0.17 -8.04 -23 -16 -35 -5.69 -2.72 -12 -38 -11
Sale of Property, Plant & Equipment		 28 8.37 0.00 76 22 29 64 8.76 5.73 86 30
Other Investing Activities, net		 - - -44 - - - - -21 -92 150 -69
Net Cash From Financing Activities		 102 5.45 -38 71 52 202 -68 -59 -14 238 -87
Net Cash From Continuing Financing Activities		 102 5.45 -38 71 52 202 -68 -59 -14 238 -87
Repayment of Debt		 -519 -128 -232 -676 -293 -830 -486 -757 -164 -369 -230
Repurchase of Common Equity		 - - - -0.11 -0.10 - -0.16 - - - -0.18
Payment of Dividends		 -68 -68 -69 -69 -68 -69 -70 -70 -71 -71 -24
Issuance of Debt		 628 202 264 816 413 933 489 768 221 521 168
Other Financing Activities, net		 - - -1.01 - - -0.03 -0.65 - - - -0.64
Cash Interest Paid		 19 28 23 27 18 43 20 44 14 49 15

Annual Balance Sheets for Stag Industrial

This table presents Stag Industrial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,902 2,186 2,681 3,103 4,165 4,693 5,833 6,185 6,283 6,833 7,208
Total Current Assets		 60 68 87 102 108 142 117 214 231 270 362
Cash & Equivalents		 12 12 25 7.97 9.04 16 19 26 21 36 15
Restricted Cash		 8.40 9.61 3.57 15 2.82 4.67 4.22 0.91 1.13 1.11 86
Accounts Receivable		 21 25 34 42 58 78 94 116 128 136 156
Prepaid Expenses		 18 21 25 37 38 43 - 72 80 96 104
Plant, Property, & Equipment, net		 1,840 2,117 2,568 2,992 3,999 4,525 5,621 5,863 5,973 6,496 6,800
Plant, Property & Equipment, gross		 1,564 1,822 2,254 2,650 3,523 4,025 5,053 5,354 5,537 6,067 6,405
Accumulated Depreciation		 -276 -295 -313 -342 -475 -500 -568 -509 -436 -429 -395
Total Noncurrent Assets		 1.87 1.47 26 9.15 58 26 96 108 80 68 46
Noncurrent Note & Lease Receivables		 - - - 0.00 15 25 - 31 30 31 33
Other Noncurrent Operating Assets		 1.87 1.47 26 9.15 43 0.44 96 77 50 36 14
Total Liabilities & Shareholders' Equity		 1,902 2,186 2,681 3,103 4,165 4,693 5,833 6,185 6,283 6,833 7,208
Total Liabilities		 1,044 1,119 1,270 1,433 1,801 1,922 2,440 2,727 2,838 3,304 3,537
Total Current Liabilities		 108 91 346 186 258 265 153 336 552 615 482
Short-Term Debt		 60 30 272 105 165 148 17 175 402 409 263
Accounts Payable		 26 35 43 46 54 70 76 97 83 127 135
Customer Deposits		 15 15 19 22 22 28 37 41 44 56 59
Dividends Payable		 8.23 9.73 12 14 17 19 22 22 23 23 24
Total Noncurrent Liabilities		 936 1,028 924 1,247 1,543 1,657 2,287 2,391 2,286 2,689 3,055
Long-Term Debt		 924 1,008 903 1,225 1,499 1,596 2,218 2,324 2,222 2,620 2,992
Capital Lease Obligations		 - - - 0.00 17 28 - 35 34 35 37
Other Noncurrent Operating Liabilities		 11 20 21 22 27 33 69 32 30 33 26
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 858 1,067 1,410 1,670 2,364 2,771 3,394 3,458 3,446 3,529 3,671
Total Preferred & Common Equity		 822 1,027 1,359 1,614 2,306 2,716 3,328 3,385 3,375 3,458 3,596
Preferred Stock		 139 145 145 75 75 75 - 0.00 0.00 0.00 0.00
Total Common Equity		 683 882 1,214 1,539 2,231 2,641 3,328 3,385 3,375 3,458 3,596
Common Stock		 1,018 1,295 1,727 2,119 2,972 3,423 4,132 4,190 4,274 4,452 4,619
Retained Earnings		 -332 -411 -517 -585 -723 -742 -792 -876 -949 -1,030 -1,035
Accumulated Other Comprehensive Income / (Loss)		 -2.35 -1.50 3.94 4.48 -18 -40 -12 71 49 36 12
Noncontrolling Interest		 35 40 51 56 58 55 66 73 71 71 75

Quarterly Balance Sheets for Stag Industrial

This table presents Stag Industrial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,196 6,116 6,106 6,276 6,294 6,444 6,566 6,848 6,825 6,897 7,184
Total Current Assets		 195 214 204 216 226 241 301 290 275 273 312
Cash & Equivalents		 13 17 14 11 12 33 70 9.33 15 17 8.86
Restricted Cash		 1.08 0.96 1.02 1.09 0.67 1.25 1.11 39 20 1.11 30
Accounts Receivable		 103 117 112 121 129 125 128 142 139 145 161
Prepaid Expenses		 78 79 77 84 84 81 102 100 100 110 111
Plant, Property, & Equipment, net		 5,891 5,812 5,800 5,953 5,981 6,120 6,208 6,501 6,500 6,571 6,817
Plant, Property & Equipment, gross		 5,358 5,329 5,336 5,495 5,559 5,699 5,794 6,088 6,107 6,189 6,433
Accumulated Depreciation		 -533 -484 -464 -458 -422 -422 -414 -412 -393 -382 -383
Total Noncurrent Assets		 109 90 103 107 87 83 57 57 50 53 55
Noncurrent Note & Lease Receivables		 32 31 31 30 29 29 28 31 30 30 32
Other Noncurrent Operating Assets		 78 59 72 77 58 55 29 26 20 23 23
Total Liabilities & Shareholders' Equity		 6,196 6,116 6,106 6,276 6,294 6,444 6,566 6,848 6,825 6,897 7,184
Total Liabilities		 2,699 2,685 2,662 2,781 2,871 3,029 3,202 3,304 3,304 3,397 3,519
Total Current Liabilities		 306 396 375 491 584 294 469 718 248 345 466
Short-Term Debt		 136 235 216 325 435 127 259 513 52 111 200
Accounts Payable		 109 94 92 101 80 99 140 121 118 155 128
Customer Deposits		 38 44 44 42 46 45 47 60 54 55 63
Dividends Payable		 22 22 23 23 23 23 23 24 24 24 76
Total Noncurrent Liabilities		 2,393 2,289 2,287 2,290 2,287 2,735 2,733 2,587 3,056 3,053 3,053
Long-Term Debt		 2,323 2,224 2,225 2,225 2,221 2,669 2,670 2,521 2,993 2,992 2,993
Capital Lease Obligations		 36 35 34 34 33 33 32 35 34 34 37
Other Noncurrent Operating Liabilities		 35 30 28 31 32 33 31 31 29 27 24
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,497 3,431 3,444 3,495 3,423 3,415 3,364 3,544 3,521 3,500 3,664
Total Preferred & Common Equity		 3,422 3,353 3,367 3,420 3,352 3,344 3,296 3,467 3,445 3,425 3,586
Preferred Stock		 0.00 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3,422 3,353 3,367 3,420 3,352 3,344 3,296 3,467 3,445 3,425 3,586
Common Stock		 4,187 4,191 4,203 4,269 4,275 4,278 4,283 4,450 4,454 4,458 4,618
Retained Earnings		 -841 -893 -907 -924 -980 -987 -1,013 -1,008 -1,027 -1,048 -1,047
Accumulated Other Comprehensive Income / (Loss)		 76 55 70 75 56 53 25 25 18 15 15
Noncontrolling Interest		 75 78 77 75 72 71 69 77 76 75 79

Annual Metrics And Ratios for Stag Industrial

This table displays calculated financial ratios and metrics derived from Stag Industrial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 25.78% 14.46% 20.32% 16.58% 15.66% 19.08% 16.29% 16.93% 7.68% 8.41% 10.14%
EBITDA Growth		 9.25% 69.80% 7.83% 37.68% -6.72% 65.33% 2.88% 6.56% 6.27% 5.32% 18.72%
EBIT Growth		 -68.03% 1,112.37% -8.69% 94.28% -27.45% 156.14% -2.81% -0.37% 11.77% 5.27% 34.34%
NOPAT Growth		 -90.39% 1,520.27% 152.85% 44.46% 34.33% 34.55% 24.56% 24.11% 16.76% 10.68% 20.52%
Net Income Growth		 -526.36% 221.27% -9.52% 198.90% -47.36% 308.16% -5.01% -7.23% 8.21% -2.00% 44.50%
EPS Growth		 -107.14% 150.00% -20.69% 243.48% -55.70% 277.14% -12.88% -13.04% 7.00% -2.80% 40.38%
Operating Cash Flow Growth		 25.89% 11.57% 19.38% 22.01% 17.99% 25.95% 14.37% 15.40% 0.81% 17.69% 0.67%
Free Cash Flow Firm Growth		 95.56% -865.52% -74.42% 17.95% -175.66% 62.57% -156.04% 83.03% 177.26% -275.69% 104.51%
Invested Capital Growth		 1.47% 14.41% 22.72% 16.41% 35.43% 12.14% 23.90% 6.40% 1.95% 7.79% 4.67%
Revenue Q/Q Growth		 4.22% 3.15% 5.15% 3.55% 4.61% 4.04% 3.25% 3.58% 1.87% 2.13% 2.62%
EBITDA Q/Q Growth		 -7.31% 37.51% -7.80% 15.57% -5.52% 20.49% 0.15% -8.46% 3.24% 3.12% 6.09%
EBIT Q/Q Growth		 -67.07% 190.42% -25.54% 38.92% -20.44% 42.95% -2.87% -17.28% 5.74% 5.40% 9.95%
NOPAT Q/Q Growth		 -90.30% 765.52% 23.56% 8.52% 9.84% 4.98% 5.26% 4.31% 4.88% 3.52% 4.25%
Net Income Q/Q Growth		 -115.36% 329.76% -42.85% 66.19% -36.67% 63.50% -4.90% -24.04% 6.59% 5.10% 13.49%
EPS Q/Q Growth		 -286.67% 165.91% -37.84% 75.56% -44.44% 60.98% -8.73% -25.93% 4.90% 6.12% 12.31%
Operating Cash Flow Q/Q Growth		 1.14% 4.81% 2.65% 3.72% 4.14% 4.02% 3.62% 2.25% 0.39% 2.99% -0.10%
Free Cash Flow Firm Q/Q Growth		 95.38% -619.17% 13.18% -7.36% -46.28% -15.56% -15.55% 80.02% -11.18% -417.34% 115.63%
Invested Capital Q/Q Growth		 -8.81% 6.70% 3.07% 3.68% 11.55% 11.65% 12.07% -0.20% 0.24% 4.82% 3.69%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.50% 80.46% 80.84% 80.34% 81.48% 81.51% 80.79% 80.88% 80.28% 79.82% 79.67%
EBITDA Margin		 57.49% 85.28% 76.43% 90.26% 72.80% 101.07% 89.42% 81.49% 80.42% 78.13% 84.22%
Operating Margin		 0.80% 7.97% 16.74% 20.75% 24.10% 27.23% 29.17% 30.96% 33.57% 34.27% 37.50%
EBIT Margin		 3.08% 32.67% 24.80% 41.32% 25.92% 55.76% 46.60% 39.70% 41.21% 40.02% 48.81%
Profit (Net Income) Margin		 -13.42% 14.22% 10.69% 27.42% 12.48% 42.78% 34.94% 27.72% 27.86% 25.19% 33.04%
Tax Burden Percent		 100.00% 100.00% 100.05% 100.01% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 -435.13% 43.53% 43.11% 66.35% 48.15% 76.73% 74.99% 69.82% 67.60% 62.93% 67.69%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.07% 1.02% 2.16% 2.62% 2.78% 3.06% 3.22% 3.50% 3.93% 4.15% 4.71%
ROIC Less NNEP Spread (ROIC-NNEP)		 -3.18% 2.58% 0.50% 4.51% -0.36% 7.41% 4.85% 2.61% 2.37% 1.70% 3.50%
Return on Net Nonoperating Assets (RNNOA)		 -3.42% 2.68% 0.44% 3.63% -0.27% 4.99% 3.15% 1.82% 1.78% 1.40% 3.05%
Return on Equity (ROE)		 -3.35% 3.70% 2.60% 6.25% 2.51% 8.05% 6.37% 5.32% 5.71% 5.54% 7.76%
Cash Return on Invested Capital (CROIC)		 -1.39% -12.43% -18.24% -12.55% -27.32% -8.38% -18.13% -2.69% 2.00% -3.35% 0.14%
Operating Return on Assets (OROA)		 0.38% 4.00% 3.07% 5.02% 2.90% 6.09% 4.98% 4.34% 4.68% 4.68% 5.88%
Return on Assets (ROA)		 -1.66% 1.74% 1.32% 3.33% 1.39% 4.67% 3.73% 3.03% 3.16% 2.95% 3.98%
Return on Common Equity (ROCE)		 -2.70% 3.01% 2.20% 5.59% 2.35% 7.64% 6.17% 5.21% 5.59% 5.43% 7.60%
Return on Equity Simple (ROE_SIMPLE)		 -3.57% 3.47% 2.37% 5.96% 2.20% 7.61% 5.90% 5.38% 5.84% 5.59% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.23 20 50 73 98 132 164 204 238 263 317
NOPAT Margin		 0.56% 7.97% 16.74% 20.75% 24.10% 27.23% 29.17% 30.96% 33.57% 34.27% 37.50%
Net Nonoperating Expense Percent (NNEP)		 3.25% -1.57% 1.67% -1.89% 3.14% -4.35% -1.62% 0.89% 1.56% 2.44% 1.20%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 3.40% 3.89% 3.99% 4.55%
Cost of Revenue to Revenue		 19.50% 19.54% 19.16% 19.66% 18.52% 18.49% 19.21% 19.12% 19.72% 20.18% 20.33%
SG&A Expenses to Revenue		 13.63% 13.80% 11.67% 10.07% 9.29% 8.71% 9.16% 7.81% 7.37% 6.72% 6.36%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 79.70% 72.49% 64.09% 59.59% 57.38% 54.28% 51.62% 49.92% 46.71% 45.55% 42.17%
Earnings before Interest and Taxes (EBIT)		 6.74 82 75 145 105 270 262 261 292 307 413
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 126 213 230 317 296 489 503 536 569 600 712
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.31 1.44 1.57 1.38 1.55 1.53 2.19 1.57 2.02 1.78 1.91
Price to Tangible Book Value (P/TBV)		 1.31 1.44 1.57 1.38 1.55 1.53 2.19 1.57 2.02 1.78 1.91
Price to Revenue (P/Rev)		 4.09 5.07 6.33 6.04 8.50 8.35 12.99 8.09 9.64 8.00 8.12
Price to Earnings (P/E)		 0.00 62.68 90.18 25.75 78.76 20.51 38.81 29.85 35.43 32.48 25.11
Dividend Yield		 11.23% 8.28% 6.94% 7.29% 5.51% 5.33% 3.37% 4.92% 3.91% 4.39% 4.05%
Earnings Yield		 0.00% 1.60% 1.11% 3.88% 1.27% 4.88% 2.58% 3.35% 2.82% 3.08% 3.98%
Enterprise Value to Invested Capital (EV/IC)		 1.11 1.18 1.26 1.19 1.30 1.30 1.70 1.32 1.56 1.40 1.47
Enterprise Value to Revenue (EV/Rev)		 9.30 9.87 10.79 10.14 12.94 12.24 17.04 12.01 13.47 12.04 11.99
Enterprise Value to EBITDA (EV/EBITDA)		 16.17 11.57 14.12 11.24 17.77 12.11 19.06 14.74 16.74 15.41 14.23
Enterprise Value to EBIT (EV/EBIT)		 301.43 30.21 43.52 24.54 49.92 21.95 36.58 30.25 32.67 30.08 24.56
Enterprise Value to NOPAT (EV/NOPAT)		 1,651.94 123.89 64.44 48.88 53.69 44.94 58.43 38.80 40.11 35.13 31.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.70 18.19 20.04 18.00 22.51 20.13 28.50 20.35 24.37 20.07 21.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 78.85 0.00 1,058.95
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.15 0.97 0.83 0.80 0.71 0.64 0.66 0.73 0.77 0.87 0.90
Long-Term Debt to Equity		 1.08 0.94 0.64 0.73 0.64 0.59 0.65 0.68 0.65 0.75 0.83
Financial Leverage		 1.08 1.04 0.88 0.81 0.75 0.67 0.65 0.70 0.75 0.82 0.87
Leverage Ratio		 2.02 2.12 1.96 1.88 1.80 1.72 1.71 1.75 1.81 1.88 1.95
Compound Leverage Factor		 -8.78 0.92 0.85 1.25 0.87 1.32 1.28 1.22 1.22 1.18 1.32
Debt to Total Capital		 53.42% 49.33% 45.45% 44.34% 41.56% 39.00% 39.71% 42.29% 43.54% 46.48% 47.28%
Short-Term Debt to Total Capital		 3.24% 1.45% 10.53% 3.48% 4.07% 3.25% 0.30% 2.92% 6.59% 6.20% 3.78%
Long-Term Debt to Total Capital		 50.18% 47.88% 34.92% 40.85% 37.48% 35.75% 39.41% 39.37% 36.96% 40.27% 43.50%
Preferred Equity to Total Capital		 7.55% 6.89% 5.61% 2.50% 1.85% 1.65% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.92% 1.89% 1.98% 1.86% 1.44% 1.21% 1.17% 1.22% 1.17% 1.08% 1.08%
Common Equity to Total Capital		 37.11% 41.89% 46.96% 51.30% 55.15% 58.14% 59.12% 56.49% 55.29% 52.44% 51.63%
Debt to EBITDA		 7.83 4.87 5.11 4.20 5.69 3.63 4.45 4.73 4.67 5.11 4.63
Net Debt to EBITDA		 7.67 4.76 4.98 4.13 5.65 3.58 4.40 4.68 4.63 5.05 4.48
Long-Term Debt to EBITDA		 7.35 4.72 3.92 3.87 5.13 3.32 4.41 4.40 3.96 4.43 4.26
Debt to NOPAT		 799.62 52.09 23.31 18.26 17.18 13.46 13.63 12.45 11.18 11.65 10.39
Net Debt to NOPAT		 783.04 50.99 22.75 17.95 17.06 13.31 13.49 12.32 11.09 11.51 10.07
Long-Term Debt to NOPAT		 751.05 50.56 17.91 16.83 15.50 12.34 13.53 11.59 9.49 10.10 9.56
Altman Z-Score		 0.37 0.64 0.72 0.86 1.04 1.30 1.84 1.19 1.44 1.10 1.25
Noncontrolling Interest Sharing Ratio		 19.48% 18.67% 15.39% 10.62% 6.55% 5.13% 3.18% 2.03% 2.09% 2.04% 2.04%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.55 0.75 0.25 0.55 0.42 0.54 0.77 0.64 0.42 0.44 0.75
Quick Ratio		 0.31 0.41 0.17 0.27 0.26 0.35 0.74 0.42 0.27 0.28 0.36
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -25 -244 -425 -349 -962 -360 -922 -156 121 -212 9.57
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 1,013.89% 0.00% 0.00% 0.00% 17,351.02% 1,920.60% 1,150.36%
Free Cash Flow to Firm to Interest Expense		 -0.70 -5.28 -10.01 -7.15 -17.60 -5.70 -14.04 -1.98 1.28 -1.86 0.07
Operating Cash Flow to Interest Expense		 3.37 2.94 3.82 4.05 4.27 4.65 5.12 4.92 4.14 4.04 3.47
Operating Cash Flow Less CapEx to Interest Expense		 3.52 5.57 4.27 7.60 3.85 8.10 7.38 5.22 4.11 3.83 3.17
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.11 0.12 0.12
Accounts Receivable Turnover		 11.41 10.72 10.24 9.26 8.13 7.14 6.56 6.29 5.81 5.80 5.77
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.13 0.13 0.13 0.13 0.12 0.11 0.11 0.11 0.12 0.12 0.13
Accounts Payable Turnover		 1.81 1.60 1.47 1.56 1.52 1.45 1.48 1.45 1.55 1.47 1.31
Days Sales Outstanding (DSO)		 31.98 34.06 35.66 39.43 44.88 51.11 55.64 58.06 62.85 62.93 63.23
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 202.16 227.83 248.62 234.59 240.92 252.23 247.15 252.40 236.01 247.49 278.50
Cash Conversion Cycle (CCC)		 -170.18 -193.77 -212.96 -195.16 -196.04 -201.12 -191.51 -194.34 -173.15 -184.55 -215.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,830 2,093 2,569 2,991 4,050 4,542 5,628 5,988 6,104 6,580 6,887
Invested Capital Turnover		 0.12 0.13 0.13 0.13 0.12 0.11 0.11 0.11 0.12 0.12 0.13
Increase / (Decrease) in Invested Capital		 26 264 476 422 1,060 492 1,086 360 117 475 307
Enterprise Value (EV)		 2,033 2,470 3,249 3,560 5,253 5,916 9,581 7,896 9,531 9,239 10,132
Market Capitalization		 895 1,269 1,906 2,122 3,450 4,035 7,303 5,315 6,824 6,140 6,865
Book Value per Share		 $9.28 $11.67 $12.90 $14.13 $16.78 $17.70 $19.60 $18.89 $18.59 $18.98 $19.25
Tangible Book Value per Share		 $9.28 $11.67 $12.90 $14.13 $16.78 $17.70 $19.60 $18.89 $18.59 $18.98 $19.25
Total Capital		 1,842 2,106 2,585 3,000 4,045 4,543 5,629 5,992 6,103 6,594 6,964
Total Debt		 984 1,039 1,175 1,330 1,681 1,772 2,235 2,534 2,658 3,064 3,293
Total Long-Term Debt		 924 1,008 903 1,225 1,516 1,624 2,218 2,359 2,256 2,655 3,029
Net Debt		 964 1,017 1,147 1,307 1,669 1,752 2,212 2,507 2,636 3,027 3,192
Capital Expenditures (CapEx)		 -5.27 -122 -19 -173 23 -218 -148 -24 2.25 24 40
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8.98 -14 -15 -2.28 2.63 4.28 -42 27 59 26 42
Debt-free Net Working Capital (DFNWC)		 11 7.54 13 20 14 25 -19 54 80 63 143
Net Working Capital (NWC)		 -48 -23 -259 -84 -150 -123 -36 -121 -322 -346 -120
Net Nonoperating Expense (NNE)		 31 -16 18 -23 47 -75 -32 21 40 70 38
Net Nonoperating Obligations (NNO)		 972 1,027 1,159 1,321 1,686 1,771 2,234 2,529 2,658 3,051 3,216
Total Depreciation and Amortization (D&A)		 119 132 155 172 190 219 241 275 278 292 299
Debt-free, Cash-free Net Working Capital to Revenue		 -4.11% -5.70% -5.04% -0.65% 0.65% 0.89% -7.46% 4.07% 8.28% 3.40% 4.99%
Debt-free Net Working Capital to Revenue		 5.23% 3.01% 4.30% 5.77% 3.57% 5.09% -3.33% 8.14% 11.37% 8.27% 16.92%
Net Working Capital to Revenue		 -22.11% -9.15% -86.11% -24.00% -37.03% -25.45% -6.36% -18.48% -45.42% -45.02% -14.23%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.61) $0.29 $0.24 $0.80 $0.35 $1.32 $1.15 $1.00 $1.07 $1.04 $1.46
Adjusted Weighted Average Basic Shares Outstanding		 68.18M 70.64M 89.54M 103.40M 125.39M 148.79M 163.44M 178.75M 180.22M 182.16M 186.84M
Adjusted Diluted Earnings per Share		 ($0.61) $0.29 $0.23 $0.79 $0.35 $1.32 $1.15 $1.00 $1.07 $1.04 $1.46
Adjusted Weighted Average Diluted Shares Outstanding		 68.18M 70.85M 90.00M 103.81M 125.68M 149.22M 164.09M 178.94M 180.56M 182.40M 187.17M
Adjusted Basic & Diluted Earnings per Share		 ($0.61) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 66.31M 82.05M 97.23M 112.50M 148.69M 158.40M 177.95M 179.33M 181.78M 186.56M 191.04M
Normalized Net Operating Profit after Tax (NOPAT)		 25 29 40 55 75 96 115 144 166 188 222
Normalized NOPAT Margin		 11.46% 11.57% 13.33% 15.76% 18.55% 19.87% 20.42% 21.86% 23.50% 24.44% 26.32%
Pre Tax Income Margin		 -13.42% 14.22% 10.69% 27.42% 12.48% 42.78% 34.94% 27.72% 27.86% 25.19% 33.04%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.19 1.77 1.76 2.97 1.93 4.27 3.99 3.31 3.08 2.70 3.09
NOPAT to Interest Expense		 0.03 0.43 1.19 1.49 1.79 2.08 2.50 2.58 2.51 2.31 2.37
EBIT Less CapEx to Interest Expense		 0.33 4.40 2.21 6.52 1.50 7.71 6.25 3.61 3.06 2.49 2.79
NOPAT Less CapEx to Interest Expense		 0.18 3.06 1.64 5.04 1.37 5.53 4.76 2.88 2.49 2.10 2.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -360.85% 330.00% 437.91% 165.07% 374.19% 108.46% 125.09% 146.41% 135.68% 141.91% 100.80%
Augmented Payout Ratio		 -365.26% 349.45% 437.91% 165.07% 374.19% 108.46% 125.09% 146.41% 135.68% 141.91% 100.80%

Quarterly Metrics And Ratios for Stag Industrial

This table displays calculated financial ratios and metrics derived from Stag Industrial's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 191,036,305.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 191,036,305.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.32
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.80% 7.62% 8.06% 10.53% 6.39% 8.74% 9.61% 9.39% 10.69% 10.82% 9.06%
EBITDA Growth		 -7.48% 14.79% -5.18% 14.21% -0.67% 13.08% 47.94% -3.67% 8.96% 26.05% -11.05%
EBIT Growth		 -13.59% 30.37% -13.21% 16.91% -4.65% 23.17% 98.15% -4.25% 13.34% 44.59% -21.28%
NOPAT Growth		 18.13% 21.21% 19.70% 2.62% 7.02% 14.17% 16.67% 32.46% 16.39% 17.92% 13.34%
Net Income Growth		 -20.94% 40.02% -25.99% 15.68% -16.49% 22.00% 149.28% -16.39% 16.19% 63.81% -32.18%
EPS Growth		 -20.00% 29.41% -28.57% 13.79% -17.86% 27.27% 145.00% -18.18% 13.04% 57.14% -34.69%
Operating Cash Flow Growth		 -3.19% 1.69% 21.69% 11.32% 23.90% 14.57% -1.54% -8.48% 12.15% -0.44% 13.42%
Free Cash Flow Firm Growth		 97.05% 82.61% -71.71% -468.89% -338.43% -653.14% -201.21% -12.46% -139.84% 44.87% 33.73%
Invested Capital Growth		 1.51% 1.95% 3.26% 5.16% 3.07% 7.79% 7.60% 5.70% 5.82% 4.67% 5.21%
Revenue Q/Q Growth		 4.42% 2.25% 2.31% 1.19% 0.51% 4.50% 3.14% 0.98% 1.70% 4.63% 1.50%
EBITDA Q/Q Growth		 0.21% -3.85% -3.00% 22.20% -12.85% 9.46% 26.90% -20.43% -1.43% 26.63% -10.45%
EBIT Q/Q Growth		 -0.97% -9.27% -6.52% 39.20% -19.24% 17.20% 50.38% -32.73% -4.41% 49.53% -18.12%
NOPAT Q/Q Growth		 8.80% -0.02% 0.51% -6.14% 13.47% 6.65% 2.71% 6.57% -0.30% 8.05% -1.27%
Net Income Q/Q Growth		 -3.09% -16.69% -12.14% 63.07% -30.03% 21.71% 79.51% -45.31% -2.77% 71.60% -25.68%
EPS Q/Q Growth		 -3.45% -21.43% -9.09% 65.00% -30.30% 21.74% 75.00% -44.90% -3.70% 69.23% -27.27%
Operating Cash Flow Q/Q Growth		 -5.94% -11.33% 14.82% 16.24% 4.69% -18.00% -1.32% 8.04% 28.29% -27.21% 12.42%
Free Cash Flow Firm Q/Q Growth		 -140.87% -96.48% -142.50% -89.44% 51.43% -237.53% 3.01% 29.27% -3.59% 22.41% -16.57%
Invested Capital Q/Q Growth		 2.75% 0.24% 0.30% 1.80% 0.71% 4.82% 0.12% 0.01% 0.82% 3.69% 0.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.80% 80.03% 79.17% 80.25% 80.07% 79.80% 78.75% 80.54% 80.03% 79.37% 78.90%
EBITDA Margin		 80.53% 75.73% 71.80% 86.71% 75.18% 78.75% 96.90% 76.36% 74.01% 89.57% 79.03%
Operating Margin		 35.26% 34.48% 33.87% 31.42% 35.47% 36.20% 36.05% 38.05% 37.30% 38.52% 37.47%
EBIT Margin		 41.78% 37.08% 33.87% 46.60% 37.44% 42.00% 61.24% 40.79% 38.34% 54.79% 44.20%
Profit (Net Income) Margin		 28.54% 23.26% 19.97% 32.18% 22.40% 26.09% 45.42% 24.60% 23.52% 38.57% 28.24%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.08% 99.93% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 68.31% 62.72% 58.95% 69.06% 59.78% 62.17% 74.16% 60.30% 61.34% 70.39% 63.89%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 4.05% 4.04% 4.06% 3.82% 4.31% 4.38% 4.46% 4.77% 4.76% 4.84% 4.79%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.58% 3.24% 3.05% 3.88% 3.41% 3.67% 5.13% 3.82% 3.79% 4.84% 4.13%
Return on Net Nonoperating Assets (RNNOA)		 2.61% 2.44% 2.32% 3.00% 2.73% 3.01% 4.23% 3.24% 3.35% 4.21% 3.62%
Return on Equity (ROE)		 6.66% 6.47% 6.37% 6.82% 7.04% 7.39% 8.68% 8.01% 8.10% 9.05% 8.41%
Cash Return on Invested Capital (CROIC)		 2.25% 2.00% 0.91% -0.92% 1.08% -3.35% -3.01% -0.98% -0.95% 0.14% -0.24%
Operating Return on Assets (OROA)		 4.66% 4.21% 3.94% 5.49% 4.38% 4.91% 7.32% 4.94% 4.69% 6.60% 5.44%
Return on Assets (ROA)		 3.18% 2.64% 2.32% 3.79% 2.62% 3.05% 5.43% 2.98% 2.88% 4.64% 3.48%
Return on Common Equity (ROCE)		 6.52% 6.34% 6.23% 6.67% 6.90% 7.24% 8.50% 7.84% 7.93% 8.86% 8.23%
Return on Equity Simple (ROE_SIMPLE)		 5.41% 0.00% 5.49% 5.75% 5.58% 0.00% 7.19% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 63 63 64 60 68 72 74 79 79 85 84
NOPAT Margin		 35.26% 34.48% 33.87% 31.42% 35.47% 36.20% 36.05% 38.05% 37.30% 38.52% 37.47%
Net Nonoperating Expense Percent (NNEP)		 0.47% 0.79% 1.00% -0.05% 0.91% 0.71% -0.67% 0.95% 0.96% 0.00% 0.66%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.04% - - - 1.09% 1.12% 1.20% 1.19% 1.22% 1.22%
Cost of Revenue to Revenue		 19.20% 19.97% 20.83% 19.75% 19.93% 20.20% 21.25% 19.46% 19.97% 20.63% 21.10%
SG&A Expenses to Revenue		 6.62% 6.68% 7.21% 6.55% 6.57% 6.56% 6.75% 6.19% 6.03% 6.46% 6.37%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 45.53% 45.55% 45.29% 48.83% 44.60% 43.60% 42.70% 42.49% 42.73% 40.85% 41.43%
Earnings before Interest and Taxes (EBIT)		 75 68 64 88 71 84 126 85 81 121 99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 144 139 135 165 143 157 199 159 156 198 177
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.74 2.02 2.05 1.96 2.16 1.78 1.94 1.97 1.92 1.91 1.92
Price to Tangible Book Value (P/TBV)		 1.74 2.02 2.05 1.96 2.16 1.78 1.94 1.97 1.92 1.91 1.92
Price to Revenue (P/Rev)		 8.57 9.64 9.54 8.85 9.47 8.00 8.58 8.43 8.00 8.12 7.97
Price to Earnings (P/E)		 32.96 35.43 38.29 34.82 39.59 32.48 27.64 28.93 27.36 25.11 28.24
Dividend Yield		 4.43% 3.91% 3.88% 4.10% 3.78% 4.39% 4.10% 4.09% 4.22% 4.05% 4.17%
Earnings Yield		 3.03% 2.82% 2.61% 2.87% 2.53% 3.08% 3.62% 3.46% 3.65% 3.98% 3.54%
Enterprise Value to Invested Capital (EV/IC)		 1.41 1.56 1.57 1.51 1.61 1.40 1.49 1.50 1.47 1.47 1.47
Enterprise Value to Revenue (EV/Rev)		 12.38 13.47 13.34 12.72 13.41 12.04 12.52 12.31 11.88 11.99 11.76
Enterprise Value to EBITDA (EV/EBITDA)		 15.60 16.74 17.14 16.16 17.33 15.41 14.81 15.03 14.58 14.23 14.73
Enterprise Value to EBIT (EV/EBIT)		 31.19 32.67 34.15 31.92 34.59 30.08 26.62 27.04 26.07 24.56 26.33
Enterprise Value to NOPAT (EV/NOPAT)		 37.98 40.11 38.83 37.71 39.67 35.13 35.95 33.76 32.18 31.97 31.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.08 24.37 23.50 22.29 22.55 20.07 21.44 22.06 21.09 21.87 21.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 63.22 78.85 176.04 0.00 150.59 0.00 0.00 0.00 0.00 1,058.95 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.74 0.77 0.79 0.83 0.88 0.87 0.87 0.87 0.90 0.90 0.88
Long-Term Debt to Equity		 0.65 0.65 0.66 0.79 0.80 0.75 0.72 0.86 0.86 0.83 0.83
Financial Leverage		 0.73 0.75 0.76 0.77 0.80 0.82 0.82 0.85 0.88 0.87 0.88
Leverage Ratio		 1.78 1.81 1.81 1.83 1.87 1.88 1.89 1.91 1.96 1.95 1.95
Compound Leverage Factor		 1.22 1.13 1.07 1.26 1.12 1.17 1.40 1.15 1.20 1.37 1.24
Debt to Total Capital		 42.50% 43.54% 44.00% 45.30% 46.81% 46.48% 46.40% 46.66% 47.27% 47.28% 46.85%
Short-Term Debt to Total Capital		 5.35% 6.59% 7.12% 2.03% 4.10% 6.20% 7.76% 0.79% 1.68% 3.78% 2.91%
Long-Term Debt to Total Capital		 37.16% 36.96% 36.88% 43.27% 42.72% 40.27% 38.65% 45.87% 45.59% 43.50% 43.94%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.24% 1.17% 1.17% 1.14% 1.09% 1.08% 1.16% 1.15% 1.13% 1.08% 1.14%
Common Equity to Total Capital		 56.26% 55.29% 54.83% 53.56% 52.10% 52.44% 52.44% 52.19% 51.61% 51.63% 52.01%
Debt to EBITDA		 4.69 4.67 4.79 4.86 5.09 5.11 4.62 4.68 4.68 4.63 4.68
Net Debt to EBITDA		 4.66 4.63 4.76 4.80 4.97 5.05 4.55 4.63 4.65 4.48 4.63
Long-Term Debt to EBITDA		 4.10 3.96 4.01 4.64 4.65 4.43 3.85 4.60 4.51 4.26 4.39
Debt to NOPAT		 11.41 11.18 10.84 11.33 11.66 11.65 11.22 10.51 10.32 10.39 9.88
Net Debt to NOPAT		 11.35 11.09 10.79 11.20 11.38 11.51 11.04 10.39 10.26 10.07 9.76
Long-Term Debt to NOPAT		 9.97 9.49 9.09 10.82 10.64 10.10 9.34 10.33 9.95 9.56 9.27
Altman Z-Score		 1.18 1.32 1.30 1.23 1.24 1.00 1.12 1.18 1.10 1.12 1.11
Noncontrolling Interest Sharing Ratio		 2.15% 2.09% 2.18% 2.16% 2.10% 2.04% 2.13% 2.12% 2.09% 2.04% 2.15%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.44 0.42 0.39 0.82 0.64 0.44 0.40 1.11 0.79 0.75 0.67
Quick Ratio		 0.27 0.27 0.24 0.54 0.42 0.28 0.21 0.62 0.47 0.36 0.37
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -27 -54 -130 -246 -119 -403 -391 -277 -286 -222 -259
Operating Cash Flow to CapEx		 0.00% 423.97% 427.11% 0.00% 666.04% 271.82% 0.00% 274.14% 339.47% 0.00% 999.23%
Free Cash Flow to Firm to Interest Expense		 -1.15 -2.11 -4.98 -8.98 -4.16 -12.72 -12.02 -8.23 -9.05 -6.20 -7.22
Operating Cash Flow to Interest Expense		 4.35 3.61 4.03 4.47 4.46 3.31 3.18 3.33 4.53 2.91 3.27
Operating Cash Flow Less CapEx to Interest Expense		 4.58 2.76 3.09 6.60 3.79 2.09 3.72 2.11 3.20 3.62 2.95
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.11 0.11 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Accounts Receivable Turnover		 6.20 5.81 5.88 6.23 6.03 5.80 5.80 6.08 6.03 5.77 5.70
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.12 0.12 0.12 0.12 0.12 0.12 0.13 0.13 0.13 0.13 0.13
Accounts Payable Turnover		 1.31 1.55 1.64 1.55 1.26 1.47 1.58 1.50 1.13 1.31 1.41
Days Sales Outstanding (DSO)		 58.84 62.85 62.09 58.58 60.52 62.93 62.90 60.01 60.57 63.23 64.07
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 277.97 236.01 223.18 235.96 290.35 247.49 230.34 243.53 322.66 278.50 258.33
Cash Conversion Cycle (CCC)		 -219.13 -173.15 -161.09 -177.38 -229.82 -184.55 -167.44 -183.52 -262.09 -215.27 -194.26
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,090 6,104 6,122 6,232 6,277 6,580 6,588 6,588 6,642 6,887 6,931
Invested Capital Turnover		 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.13 0.13 0.13 0.13
Increase / (Decrease) in Invested Capital		 90 117 193 306 187 475 465 356 365 307 343
Enterprise Value (EV)		 8,604 9,531 9,633 9,411 10,077 9,239 9,836 9,890 9,782 10,132 10,158
Market Capitalization		 5,956 6,824 6,885 6,546 7,119 6,140 6,739 6,770 6,589 6,865 6,889
Book Value per Share		 $19.04 $18.59 $18.44 $18.37 $18.10 $18.98 $18.58 $18.46 $18.35 $19.25 $18.77
Tangible Book Value per Share		 $19.04 $18.59 $18.44 $18.37 $18.10 $18.98 $18.58 $18.46 $18.35 $19.25 $18.77
Total Capital		 6,079 6,103 6,113 6,244 6,325 6,594 6,612 6,600 6,637 6,964 6,894
Total Debt		 2,584 2,658 2,689 2,829 2,961 3,064 3,068 3,080 3,137 3,293 3,230
Total Long-Term Debt		 2,259 2,256 2,254 2,702 2,702 2,655 2,555 3,027 3,026 3,029 3,029
Net Debt		 2,572 2,636 2,676 2,794 2,890 3,027 3,020 3,044 3,119 3,192 3,191
Capital Expenditures (CapEx)		 -5.41 22 25 -58 19 39 -18 41 42 -25 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 39 59 64 39 20 26 38 43 21 42 6.69
Debt-free Net Working Capital (DFNWC)		 51 80 77 74 92 63 86 79 40 143 46
Net Working Capital (NWC)		 -274 -322 -358 -53 -167 -346 -427 27 -71 -120 -155
Net Nonoperating Expense (NNE)		 12 21 26 -1.45 25 20 -19 28 29 -0.11 21
Net Nonoperating Obligations (NNO)		 2,594 2,658 2,699 2,817 2,913 3,051 3,044 3,067 3,142 3,216 3,266
Total Depreciation and Amortization (D&A)		 69 71 71 76 72 73 73 74 75 77 78
Debt-free, Cash-free Net Working Capital to Revenue		 5.58% 8.28% 8.82% 5.32% 2.72% 3.40% 4.78% 5.41% 2.60% 4.99% 0.77%
Debt-free Net Working Capital to Revenue		 7.32% 11.37% 10.63% 9.99% 12.19% 8.27% 10.90% 9.87% 4.84% 16.92% 5.31%
Net Working Capital to Revenue		 -39.46% -45.42% -49.64% -7.18% -22.29% -45.02% -54.39% 3.37% -8.67% -14.23% -17.90%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.28 $0.22 $0.20 $0.33 $0.23 $0.28 $0.49 $0.27 $0.26 $0.44 $0.32
Adjusted Weighted Average Basic Shares Outstanding		 180.80M 180.22M 181.71M 181.96M 182.03M 182.16M 186.47M 186.54M 186.59M 186.84M 191.00M
Adjusted Diluted Earnings per Share		 $0.28 $0.22 $0.20 $0.33 $0.23 $0.28 $0.49 $0.27 $0.26 $0.44 $0.32
Adjusted Weighted Average Diluted Shares Outstanding		 181.16M 180.56M 181.99M 182.19M 182.30M 182.40M 186.76M 186.91M 186.84M 187.17M 191.24M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 181.57M 181.78M 182.08M 182.11M 182.21M 186.56M 186.62M 186.70M 186.75M 191.04M 191.21M
Normalized Net Operating Profit after Tax (NOPAT)		 44 44 44 45 47 51 52 56 55 60 59
Normalized NOPAT Margin		 24.68% 24.14% 23.71% 23.83% 24.83% 25.34% 25.24% 26.93% 26.11% 26.96% 26.23%
Pre Tax Income Margin		 28.54% 23.26% 19.97% 32.18% 22.38% 26.11% 45.42% 24.60% 23.52% 38.57% 28.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.15 2.68 2.44 3.23 2.49 2.64 3.87 2.52 2.56 3.38 2.76
NOPAT to Interest Expense		 2.66 2.49 2.44 2.18 2.36 2.28 2.28 2.35 2.49 2.37 2.34
EBIT Less CapEx to Interest Expense		 3.38 1.83 1.49 5.37 1.82 1.42 4.41 1.31 1.22 4.08 2.43
NOPAT Less CapEx to Interest Expense		 2.89 1.64 1.49 4.31 1.69 1.06 2.82 1.14 1.15 3.08 2.01
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 143.67% 135.68% 147.97% 142.32% 148.92% 141.91% 110.65% 115.77% 113.57% 100.80% 94.57%
Augmented Payout Ratio		 143.67% 135.68% 147.97% 142.32% 148.92% 141.91% 110.65% 115.77% 113.57% 100.80% 94.57%

Financials Breakdown Chart

Key Financial Trends

STAG Industrial (STAG) has posted a mix of revenue growth and strong cash generation in the four most recent years of quarterly statements. Below are the 10 most notable trends for retail investors to consider, based on quarterly data through Q4 2025.

  • Revenue growth: 2025 Q4 operating revenue was 220,896,000, up from 2024 Q4's 199,325,000 (roughly +11% year over year). The 2025 quarters also show continued top-line growth vs. the prior year.
  • Gross margin remains robust: 2025 Q4 gross profit was 175,320,000 on 220,896,000 in revenue, implying a gross margin of about 79.4%.
  • Net income to common shareholders increased: 2025 Q4 net income to common shareholders was 83,453,000, vs. 2024 Q4's 50,910,000 (about +64% YoY).
  • Dividend per share steady: Cash dividends per share remained at 0.37 for the period, indicating ongoing income to shareholders.
  • Operating cash flow remains solid: 2025 Q4 net cash from continuing operating activities was 104,467,000, showing strong cash generation to support operations and investments.
  • Capital activity and asset base: Depreciation expense in 2025 Q4 was 77,461,000 (non-cash), reflecting a substantial asset base and ongoing capital depreciation.
  • No impairment charges: 2025 Q4 impairment expense was 0.0, suggesting no immediate asset impairments to my knowledge in that quarter.
  • Sizable investing outflows: Net cash from continuing investing activities was -260,445,000 in 2025 Q4, indicating substantial spending on property/plant and other investments.
  • Quarterly cash balance declined: Net change in cash & equivalents for 2025 Q4 was -82,454,000, meaning cash declined during the quarter despite other positive cash flows.
  • Interest expense rose: Interest expense in 2025 Q4 was 35,846,000, higher than the preceding quarter (e.g., 31,667,000 in Q3 2025), hinting at higher borrowing costs or a larger debt burden.
05/11/26 12:00 PM ETAI Generated. May Contain Errors.

Stag Industrial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Stag Industrial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Stag Industrial's net income appears to be on an upward trend, with a most recent value of $279.27 million in 2025, falling from -$29.35 million in 2015. The previous period was $193.27 million in 2024. Find out what analysts predict for Stag Industrial in the coming months.

Stag Industrial's total operating income in 2025 was $316.94 million, based on the following breakdown:
  • Total Gross Profit: $673.36 million
  • Total Operating Expenses: $356.42 million

Over the last 10 years, Stag Industrial's total revenue changed from $218.63 million in 2015 to $845.18 million in 2025, a change of 286.6%.

Stag Industrial's total liabilities were at $3.54 billion at the end of 2025, a 7.0% increase from 2024, and a 238.8% increase since 2015.

In the past 10 years, Stag Industrial's cash and equivalents has ranged from $7.97 million in 2018 to $36.28 million in 2024, and is currently $14.91 million as of their latest financial filing in 2025.

Over the last 10 years, Stag Industrial's book value per share changed from 9.28 in 2015 to 19.25 in 2025, a change of 107.4%.


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Financial statements for NYSE:STAG last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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