Phillips Edison & Company, Inc.
Real EstateNASDAQ:PECO · NASDAQ Global Select
+$0.45 today
Vol 1.01M · Avg 0.94M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$740.2M of revenue converted into $115.3M of net income for the selected period. Gross margin is 54.0% and net margin is 15.5%, showing how much revenue survives after costs and taxes. EPS is $0.91, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $732.3M +10.7% | $661.4M +8.4% | $610.1M +6.0% | $575.4M +8.0% | $532.8M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $742.5M +290.1% | $190.3M +8.7% | $175.1M +7.3% | $163.2M +3.1% | $158.3M | $725.6M | $804.0M | $882.4M |
| Gross Profit | -$10.2M -102.2% | $471.1M +8.3% | $435.0M +5.5% | $412.1M +10.0% | $374.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | -1.4% -72.6pp | 71.2% -0.1pp | 71.3% -0.3pp | 71.6% +1.3pp | 70.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $51.6M +13.2% | $45.6M +2.8% | $44.4M -1.9% | $45.2M -7.3% | $48.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$209.0M -558.3% | $45.6M +2.8% | $44.4M -1.9% | $45.2M -7.3% | $48.8M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $266.4M +11.7% | $238.5M +5.5% | $226.1M +0.5% | $224.9M +3.3% | $217.9M | $374.2M | $1.2B | $631.8M |
| EBITDA | $505.7M +23.1% | $411.0M +8.1% | $380.3M +6.9% | $355.6M +10.4% | $322.1M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 69.1% +6.9pp | 62.1% -0.2pp | 62.3% +0.5pp | 61.8% +1.3pp | 60.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $198.8M -53.3% | $425.5M +8.9% | $390.6M +6.5% | $366.9M +12.6% | $325.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 27.2% -37.2pp | 64.3% +0.3pp | 64.0% +0.3pp | 63.8% +2.6pp | 61.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $110.2M +15.2% | $95.7M +14.1% | $83.9M +17.8% | $71.2M -6.8% | $76.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$74.6M +78.9% | -$353.9M -8.4% | -$326.4M -4.5% | -$312.4M -1.3% | -$308.5M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $124.3M +73.8% | $71.5M +11.4% | $64.2M +17.7% | $54.5M +216.4% | $17.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 17.0% +6.2pp | 10.8% +0.3pp | 10.5% +1.0pp | 9.5% +6.2pp | 3.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $1.3M -28.2% | $1.8M +315.8% | $438.0K | $0 | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | $111.3M +77.6% | $62.7M +10.3% | $56.8M +17.6% | $48.3M +219.6% | $15.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | 15.2% +5.7pp | 9.5% +0.2pp | 9.3% +0.9pp | 8.4% +5.6pp | 2.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +76.5% | $1 +6.3% | $0 +14.3% | $0 +180.0% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +74.5% | $1 +6.3% | $0 +14.3% | $0 +223.1% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $124.2M +0.9% | $123.1M +3.8% | $118.6M +2.6% | $115.5M +12.8% | $102.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $138.9M +1.5% | $136.8M +2.9% | $133.0M +2.0% | $130.3M +11.7% | $116.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Regency Centers Corporation
NASDAQ:REG
$14.70B
The Macerich Company
NYSE:MAC
$7.21B
Kite Realty Group Trust
NYSE:KRG
$5.93B
Cousins Properties Incorporated
NYSE:CUZ
$4.77B
Sabra Health Care REIT, Inc.
NASDAQ:SBRA
$4.72B
Tanger Inc.
NYSE:SKT
$4.65B
EPR Properties
NYSE:EPR
$4.58B
Sunstone Hotel Investors, Inc.
NYSE:SHO
$2.18B
Arbor Realty Trust, Inc.
NYSE:ABR
$1.00B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does PECO generate?
Phillips Edison & Company, Inc. (PECO) reported $732.30M of revenue in fiscal 2025.
Is PECO profitable?
Phillips Edison & Company, Inc. (PECO) reported $111.30M of net income, with a net margin of 15.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.