Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
FIBRA Prologis
Net PP&E was missing, so the physical footprint could not be scored.
Physical asset ratio
—Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$174.82BtotalAssetsResult —
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—Fixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$12.49BtotalRevenueNet PP&E—Not reportedResult —
Revenue per dollar of the physical asset base.
Capex / D&A
—Capex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$1.14BcapitalExpendituresD&A—Not reportedResult —
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$1.43KTangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$174.82BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$45.45BtotalLiabTangible book$129.36BShares90,668,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $1.43K
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.00xPrice / tangible bookPrice / tangible book per sharePrice$4.26Latest quoteTangible book / share$1.43K2025-12-31Result 0.00x
Price $4.26.
Fixed-charge coverage
1.16xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$13.49BebitdaCapex$1.14BcapitalExpendituresInterest$2.24BinterestExpenseShort-term debt$8.41BshortLongTermDebtEBITDA − capex$12.34BThe short-term debt line matched total current liabilities, so principal due is the current portion of debt.Result 1.16x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
82.3%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$5.85BfreeCashFlowMarket cap$7.11BMarketCapitalizationResult 82.3%
Latest free cash flow divided by current market cap ($7.11B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$9.48BoperatingIncomeTax expense—Not reportedPretax income$11.25BincomeBeforeTaxTax rate—Equity$129.29BtotalStockholderEquityDebt$43.89BshortLongTermDebtTotalCash$2.05BcashInvested capital$171.12BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 95.9%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$45.73BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$47.66BtotalAssetsInventory was not reported and is treated as zero.Result 95.9% | 0.08xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$3.67BtotalRevenueNet PP&E$45.73BpropertyPlantEquipmentResult 0.08x | 0.80xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$2.07BcapitalExpendituresD&A$2.60BdepreciationAndAmortizationResult 0.80x | $47.39Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$47.66BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$16.96BtotalLiabTangible book$30.70BShares647,825,643commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $47.39 | 2.32xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$3.63BebitdaCapex$2.07BcapitalExpendituresInterest$647.97MinterestExpenseShort-term debt$23.73MshortTermDebtEBITDA − capex$1.56BPrincipal due is short-term debt.Result 2.32x | $476.80MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$2.55BtotalCashFromOperatingActivitiesCapex$2.07BcapitalExpendituresFree cash flow$476.80MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $476.80M | 7.8%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$3.63BoperatingIncomeTax expense-$161.14KincomeTaxExpensePretax income$2.97BincomeBeforeTaxTax rate0.0%Equity$30.70BtotalStockholderEquityDebt$16.49BshortLongTermDebtTotalCash$339.28McashInvested capital$46.85BResult 7.8% | 0.08xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$3.63BoperatingIncomeNet PP&E$45.73BpropertyPlantEquipmentResult 0.08x |
| 2019 | 99.3%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$44.62BpropertyPlantEquipmentInventory-$7.34MinventoryTotal assets$44.93BtotalAssetsResult 99.3% | 0.09xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$3.82BtotalRevenueNet PP&E$44.62BpropertyPlantEquipmentResult 0.09x | 2.45xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$479.74McapitalExpendituresD&A$195.46MdepreciationAndAmortizationResult 2.45x | $46.09Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$44.93BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$15.01BtotalLiabTangible book$29.91BShares649,064,613commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $46.09 | 3.22xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$2.92BebitdaCapex$479.74McapitalExpendituresInterest$730.58MinterestExpenseShort-term debt$29.30MshortTermDebtEBITDA − capex$2.44BPrincipal due is short-term debt.Result 3.22x | $2.37BFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$2.85BtotalCashFromOperatingActivitiesCapex$479.74McapitalExpendituresFree cash flow$2.37BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $2.37B | 6.6%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$2.92BoperatingIncomeTax expense-$195.46MincomeTaxExpensePretax income$2.16BincomeBeforeTaxTax rate0.0%Equity$29.91BtotalStockholderEquityDebt$14.55BshortLongTermDebtTotalCash$182.79McashInvested capital$44.28BResult 6.6% | 0.07xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$2.92BoperatingIncomeNet PP&E$44.62BpropertyPlantEquipmentResult 0.07x |
| 2020 | 97.9%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$56.87BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$58.07BtotalAssetsInventory was not reported and is treated as zero.Result 97.9% | 0.08xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$4.66BtotalRevenueNet PP&E$56.87BpropertyPlantEquipmentResult 0.08x | 3.03xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$565.96McapitalExpendituresD&A$186.48MdepreciationAndAmortizationResult 3.03x | $50.06Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$58.07BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$17.53BtotalLiabTangible book$40.54BShares809,879,280commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $50.06 | 4.20xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$4.35BebitdaCapex$565.96McapitalExpendituresInterest$869.69MinterestExpenseShort-term debt$29.67MshortTermDebtEBITDA − capex$3.78BPrincipal due is short-term debt.Result 4.20x | $2.88BFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$3.45BtotalCashFromOperatingActivitiesCapex$565.96McapitalExpendituresFree cash flow$2.88BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $2.88B | 7.6%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$4.35BoperatingIncomeTax expense-$186.48MincomeTaxExpensePretax income$3.56BincomeBeforeTaxTax rate0.0%Equity$40.54BtotalStockholderEquityDebt$17.04BshortLongTermDebtTotalCash$434.41McashInvested capital$57.15BResult 7.6% | 0.08xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$4.35BoperatingIncomeNet PP&E$56.87BpropertyPlantEquipmentResult 0.08x |
| 2021 | 98.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$71.32BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$72.19BtotalAssetsInventory was not reported and is treated as zero.Result 98.8% | 0.07xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$4.91BtotalRevenueNet PP&E$71.32BpropertyPlantEquipmentResult 0.07x | 1.10xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$549.71McapitalExpendituresD&A$501.32MdepreciationAndAmortizationResult 1.10x | $58.56Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$72.19BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$22.44BtotalLiabTangible book$49.75BShares849,522,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $58.56 | 11.38xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$10.73BebitdaCapex$549.71McapitalExpendituresInterest$725.56MinterestExpenseShort-term debt$169.06MshortTermDebtEBITDA − capex$10.18BPrincipal due is short-term debt.Result 11.38x | $2.78BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow$3.33BtotalCashFromOperatingActivitiesCapex$549.71McapitalExpendituresFree cash flow$2.78BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $2.78B | 15.1%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$10.73BoperatingIncomeTax expense-$501.32MincomeTaxExpensePretax income$9.98BincomeBeforeTaxTax rate0.0%Equity$49.75BtotalStockholderEquityDebt$21.77BshortLongTermDebtTotalCash$342.50McashInvested capital$71.17BResult 15.1% | 0.15xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$10.73BoperatingIncomeNet PP&E$71.32BpropertyPlantEquipmentResult 0.15x |
| 2022 | 95.2%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$74.79BpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$78.52BtotalAssetsInventory was not reported and is treated as zero.Result 95.2% | 0.07xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$5.54BtotalRevenueNet PP&E$74.79BpropertyPlantEquipmentResult 0.07x | 0.19xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$653.91McapitalExpendituresD&A$3.52BdepreciationAndAmortizationResult 0.19x | $67.30Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$78.52BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$18.53BtotalLiabTangible book$59.99BShares891,404,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $67.30 | 7.85xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$8.47BebitdaCapex$653.91McapitalExpendituresInterest$880.81MinterestExpenseShort-term debt$115.69MshortTermDebtEBITDA − capex$7.82BPrincipal due is short-term debt.Result 7.85x | $3.47BFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$4.12BtotalCashFromOperatingActivitiesCapex$653.91McapitalExpendituresFree cash flow$3.47BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $3.47B | 6.8%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$8.47BoperatingIncomeTax expense$3.52BincomeTaxExpensePretax income$7.55BincomeBeforeTaxTax rate40.0%Equity$59.99BtotalStockholderEquityDebt$17.90BshortLongTermDebtTotalCash$2.70BcashInvested capital$75.19BThe effective tax rate was above 40% and was capped at 40%.Result 6.8% | 0.11xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$8.47BoperatingIncomeNet PP&E$74.79BpropertyPlantEquipmentResult 0.11x |
| 2023 | 95.1%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$83.47BpropertyPlantAndEquipmentNetInventory-$100.53MinventoryTotal assets$87.62BtotalAssetsResult 95.1% | 0.07xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$5.61BtotalRevenueNet PP&E$83.47BpropertyPlantAndEquipmentNetResult 0.07x | 0.47xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$624.39McapitalExpendituresD&A$1.32BdepreciationAndAmortizationResult 0.47x | $50.55Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$87.62BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$16.15BtotalLiabTangible book$71.48BShares1,413,952,166commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $50.55 | 20.45xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$15.81BebitdaCapex$624.39McapitalExpendituresInterest$680.29MinterestExpenseShort-term debt$62.22MshortTermDebtEBITDA − capex$15.19BPrincipal due is short-term debt.Result 20.45x | $3.40BFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$4.02BtotalCashFromOperatingActivitiesCapex$624.39McapitalExpendituresFree cash flow$3.40BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $3.40B | 18.9%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$15.81BoperatingIncomeTax expense-$1.32BincomeTaxExpensePretax income$15.03BincomeBeforeTaxTax rate0.0%Equity$71.48BtotalStockholderEquityDebt$15.54BshortLongTermDebtTotalCash$3.32BcashInvested capital$83.69BResult 18.9% | 0.19xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$15.81BoperatingIncomeNet PP&E$83.47BpropertyPlantAndEquipmentNetResult 0.19x |
| 2024 | —Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$192.80BtotalAssetsResult — | —Fixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$8.43BtotalRevenueNet PP&E—Not reportedResult — | 1.43xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$864.52McapitalExpendituresD&A$605.56MdepreciationAndAmortizationResult 1.43x | $104.22Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$192.80BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$48.35BtotalLiabTangible book$144.45BShares1,385,966,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $104.22 | 1.99xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$25.20BebitdaCapex$864.52McapitalExpendituresInterest$1.22BinterestExpenseShort-term debt$11.03BshortTermDebtEBITDA − capex$24.34BPrincipal due is short-term debt.Result 1.99x | $5.44BFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$6.30BtotalCashFromOperatingActivitiesCapex$864.52McapitalExpendituresFree cash flow$5.44BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $5.44B | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$5.15BoperatingIncomeTax expense—Not reportedPretax income$23.98BincomeBeforeTaxTax rate—Equity$139.98BtotalStockholderEquityDebt$46.42BshortLongTermDebtTotalCash$2.28BcashInvested capital$184.11BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income$5.15BoperatingIncomeNet PP&E—Not reportedResult — |
| 2025 | —Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets$174.82BtotalAssetsResult — | —Fixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$12.49BtotalRevenueNet PP&E—Not reportedResult — | —Capex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$1.14BcapitalExpendituresD&A—Not reportedResult — | $1.43KTangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$174.82BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$45.45BtotalLiabTangible book$129.36BShares90,668,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $1.43K | 1.16xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$13.49BebitdaCapex$1.14BcapitalExpendituresInterest$2.24BinterestExpenseShort-term debt$8.41BshortLongTermDebtEBITDA − capex$12.34BThe short-term debt line matched total current liabilities, so principal due is the current portion of debt.Result 1.16x | $5.85BFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$6.99BtotalCashFromOperatingActivitiesCapex$1.14BcapitalExpendituresFree cash flow$5.85BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $5.85B | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$9.48BoperatingIncomeTax expense—Not reportedPretax income$11.25BincomeBeforeTaxTax rate—Equity$129.29BtotalStockholderEquityDebt$43.89BshortLongTermDebtTotalCash$2.05BcashInvested capital$171.12BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | —EBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income$9.48BoperatingIncomeNet PP&E—Not reportedResult — |
- The short-term debt line matched total current liabilities, so principal due uses the current portion of debt.
Latest year inputs (2025)
Net PP&E: —
Inventory: —
Total assets: $174.82B
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $45.45B
Tangible book: $129.36B
Shares: 90,668,000
Revenue: $12.49B
Capex: $1.14B
D&A: —
EBITDA: $13.49B
Interest: $2.24B
Short-term debt: $8.41B
Free cash flow: $5.85B
Operating income: $9.48B
Invested capital: $171.12B
Tax rate: —