Overview
DIGITAL REALTY TRUST, INC.
Latest 10-K: FY2025, filed Feb 13, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $6.11B
- 10.0%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $0.66B
- 39.6%YoYup from FY2024
- OperatingIncome
- Net income
- $1.31B
- 117.2%YoYup from FY2024
- NetIncome
- Diluted EPS
- $3.58
- 122.4%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 347.8M
- 4.9%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- DIGITAL REALTY TRUST, INC. reported revenue of $6.11B for fiscal 2025, up 10.0% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.
Profitability
- Operating margin was 10.8% and net margin was 21.4%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.58, up 122.4% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $6.11B10.0%up Benchmark median 6.4% | $5.55B1.4%up Benchmark median 4.5% | $5.48B16.7%up Benchmark median 4.8% | $4.69B6.0%up Benchmark median 10.3% | $4.43B13.4%up Benchmark median 13.8% | 8.4% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $658.49M39.6%up Benchmark median 7.3% | $471.86M10.0%down Benchmark median 7.4% | $524.46M11.1%down Benchmark median 4.9% | $589.97M15.0%down Benchmark median 7.5% | $694.01M24.5%up Benchmark median 23.5% | -1.3% Benchmark median 7.2% |
| Net Income | $1.31B117.2%up Benchmark median 4.8% | $0.60B36.5%down Benchmark median 5.7% | $0.95B151.2%up Benchmark median 1.9% | $0.38B77.9%down Benchmark median 1.3% | $1.71B379.6%up Benchmark median 33.9% | -6.5% Benchmark median 4.1% |
| EPS (Diluted) | $3.58122.4%up Benchmark median 6.2% | $1.6144.1%down Benchmark median 7.9% | $2.88159.5%up Benchmark median 1.9% | $1.1181.3%down Benchmark median 1.5% | $5.94494.0%up Benchmark median 34.8% | -11.9% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $49.41B9.1%up Benchmark median 5.6% | $45.28B2.7%up Benchmark median 3.4% | $44.11B6.3%up Benchmark median 4.1% | $41.48B14.1%up Benchmark median 2.2% | $36.37B0.8%up Benchmark median 6.7% | 8.0% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $24.56B11.1%up Benchmark median 6.4% | $22.11B4.4%down Benchmark median 1.9% | $23.12B5.7%up Benchmark median 2.9% | $21.86B22.5%up Benchmark median 2.0% | $17.85B1.5%up Benchmark median 5.2% | 8.3% Benchmark median 4.4% |
| Stockholders' Equity | $23.35B7.4%up Benchmark median 6.8% | $21.74B10.9%up Benchmark median 5.4% | $19.60B8.3%up Benchmark median 7.3% | $18.11B2.0%down Benchmark median 2.5% | $18.48B0.2%up Benchmark median 9.0% | 6.0% Benchmark median 6.1% |
| Cash & Equivalents | $3.45B10.8%down Benchmark median 5.2% | $3.87B138.1%up Benchmark median 1.9% | $1.63B1046.5%up Benchmark median 6.7% | $0.14B0.6%down Benchmark median -8.6% | $0.14B31.5%up Benchmark median -2.9% | 121.8% Benchmark median 2.0% |
| Total Debt | — | — | — | — | — | — Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.41B6.7%up Benchmark median 6.3% | $2.26B38.3%up Benchmark median 4.8% | $1.63B1.5%down Benchmark median 9.9% | $1.66B2.5%down Benchmark median -0.7% | $1.70B0.3%down Benchmark median 10.7% | 9.1% Benchmark median 7.0% |
| Capital Expenditures | — | — | — | — | — | — Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | — | — | — | — | — | — Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.3%
Wall Street
on net earnings
FY2024 0.9%
— Not reported
Value investor
on free cash flow
FY2024 — Not reported
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 43.2×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
43.4%
Wall Street
on book equity
FY2024 37.0%
25.3%
Value investor
on tangible book
FY2024 21.8%
Gap −18.1 pts: Value-investor figure 18.1 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.3×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
5.8%
Wall Street
ROE: net income ÷ equity
FY2024 2.9%
1.4%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 0.9%
Gap −4.4 pts: Value-investor figure 4.4 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
41.8%
Wall Street
EBITDA margin
FY2024 40.4%
— Not reported
Value investor
Free-cash-flow margin
FY2024 — Not reported
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Interest cover
How many times earnings pay the year's interest
5.8×
Wall Street
EBITDA ÷ interest
FY2024 5.0×
1.5×
Value investor
EBIT ÷ interest
FY2024 1.0×
Gap −4.3×: Value-investor figure 4.3 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on DLR yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on DLR and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/DLR
Valuein. (2026, October 30). DIGITAL REALTY TRUST, INC. (DLR) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/DLR
@misc{valuein_dlr_2026,
author = {{Valuein}},
title = {DIGITAL REALTY TRUST, INC. (DLR) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/DLR}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 13, 2026 · accession 0001104659-26-015365
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