STAG INDUSTRIAL, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 845.2M, using the latest reported figures. The previous period, 2024, was about USD 767.4M.

Watchlist

Latest quarter

Revenue

231 million USD

2026 Q3 · USD

Exact inputs and evidence

Net margin

30.6%

2026 Q3 · %

Exact inputs and evidence
  • Net Income: 70709000 USD Source
  • Revenue: 231045000 USD Source

Operating cash flow

147 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 375875000 USD Source
  • Operating Cash Flow: 228376000 USD Source
Cash and cash equivalents
12.2 million USD Source
Exact value

12222000 USD

Long-term debt including current maturities
3.42 billion USD Source
Exact value

3416927000 USD

Shares outstanding
193 million shares Source
Exact value

192819897 shares

Reported share-count change

3.25% · 6.08 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 186744593 shares · 2025-09-30· Source
  • 192819897 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

901 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 845184000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 624288000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 224207000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 224369000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 231045000 USD · 2026-07-01 – 2026-09-30 Source

Net income

269 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 273519000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 190039000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 61999000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 52917000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 70709000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

480 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 463388000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 358921000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 117440000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 228376000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 117440000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 375875000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 228376000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +10.1%

    Prior period

    USD 767.38 million

    –

    Current period

    USD 845.18 million

    –

    Exact inputs and evidence

    845184000 − 767384000 = 77800000 USD

    767384000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    845184000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +44.6%

    Prior period

    USD 189.22 million

    –

    Current period

    USD 273.52 million

    –

    Exact inputs and evidence

    273519000 − 189220000 = 84299000 USD

    189220000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    273519000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +0.7%

    Prior period

    USD 460.29 million

    –

    Current period

    USD 463.39 million

    –

    Exact inputs and evidence

    463388000 − 460292000 = 3096000 USD

    460292000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    463388000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 845.18 million 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 273.52 million 32% of revenue

Cash

  • Operating cash flow USD 463.39 million 55% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31250243000 UnavailableUnavailableUnavailable34519000 Unavailable
Source
2017 2017-01-01 – 2017-12-31301087000 UnavailableUnavailableUnavailable31259000 Unavailable
Source
2018 2018-01-01 – 2018-12-31350993000 UnavailableUnavailableUnavailable92926000 Unavailable
Source
2019 2019-01-01 – 2019-12-31405950000 UnavailableUnavailableUnavailable49281000 Unavailable
Source
2020 2020-01-01 – 2020-12-31483411000 UnavailableUnavailableUnavailable202147000 Unavailable
Source
2021 2021-01-01 – 2021-12-31562159000 UnavailableUnavailableUnavailable192334000 Unavailable
Source
2022 2022-01-01 – 2022-12-31657345000 UnavailableUnavailableUnavailable178326000 Unavailable
Source
2023 2023-01-01 – 2023-12-31707835000 UnavailableUnavailableUnavailable192845000 Unavailable
Source
2024 2024-01-01 – 2024-12-31767384000 UnavailableUnavailableUnavailable189220000 Unavailable
Source
2025 2025-01-01 – 2025-12-31845184000 UnavailableUnavailableUnavailable273519000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 845.2M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.912.8M684.6M456.4M228.2M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue250243000
2017Revenue301087000
2018Revenue350993000
2019Revenue405950000
2020Revenue483411000
2021Revenue562159000
2022Revenue657345000
2023Revenue707835000
2024Revenue767384000
2025Revenue845184000

Revenue growth

Change in revenue from the same financial period one year earlier.

10.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.9%16.5%11.0%5.5%0.0%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year20.3%
2018Year over year16.6%
2019Year over year15.7%
2020Year over year19.1%
2021Year over year16.3%
2022Year over year16.9%
2023Year over year7.7%
2024Year over year8.4%
2025Year over year10.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 32.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.45%34%23%11%0%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin13.8%
2017Net margin10.4%
2018Net margin26.5%
2019Net margin12.1%
2020Net margin41.8%
2021Net margin34.2%
2022Net margin27.1%
2023Net margin27.2%
2024Net margin24.7%
2025Net margin32.4%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 463.4M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.500.5M375.3M250.2M125.1M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow135788000
2017Operating cash flow162098000
2018Operating cash flow197769000
2019Operating cash flow233357000
2020Operating cash flow293922000
2021Operating cash flow336154000
2022Operating cash flow387931000
2023Operating cash flow391092000
2024Operating cash flow460292000
2025Operating cash flow463388000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

49.1% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%41%28%14%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets51.2%
2017Liabilities / assets47.4%
2018Liabilities / assets46.2%
2019Liabilities / assets43.2%
2020Liabilities / assets40.9%
2021Liabilities / assets41.8%
2022Liabilities / assets44.1%
2023Liabilities / assets45.2%
2024Liabilities / assets48.4%
2025Liabilities / assets49.1%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 34.52 million
Exact value

Exact value: 34519000 USD

2016-01-01 – 2016-12-31: 34519000 USD Inspect Net Income Open source
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USD 135.79 million
Exact value

Exact value: 135788000 USD

2016-01-01 – 2016-12-31: 135788000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 31.26 million
Exact value

Exact value: 31259000 USD

2017-01-01 – 2017-12-31: 31259000 USD Inspect Net Income Open source
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USD 162.1 million
Exact value

Exact value: 162098000 USD

2017-01-01 – 2017-12-31: 162098000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 92.93 million
Exact value

Exact value: 92926000 USD

2018-01-01 – 2018-12-31: 92926000 USD Inspect Net Income Open source
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USD 197.77 million
Exact value

Exact value: 197769000 USD

2018-01-01 – 2018-12-31: 197769000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 49.28 million
Exact value

Exact value: 49281000 USD

2019-01-01 – 2019-12-31: 49281000 USD Inspect Net Income Open source
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USD 233.36 million
Exact value

Exact value: 233357000 USD

2019-01-01 – 2019-12-31: 233357000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 202.15 million
Exact value

Exact value: 202147000 USD

2020-01-01 – 2020-12-31: 202147000 USD Inspect Net Income Open source
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USD 293.92 million
Exact value

Exact value: 293922000 USD

2020-01-01 – 2020-12-31: 293922000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 192.33 million
Exact value

Exact value: 192334000 USD

2021-01-01 – 2021-12-31: 192334000 USD Inspect Net Income Open source
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USD 336.15 million
Exact value

Exact value: 336154000 USD

2021-01-01 – 2021-12-31: 336154000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 178.33 million
Exact value

Exact value: 178326000 USD

2022-01-01 – 2022-12-31: 178326000 USD Inspect Net Income Open source
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USD 387.93 million
Exact value

Exact value: 387931000 USD

2022-01-01 – 2022-12-31: 387931000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 192.85 million
Exact value

Exact value: 192845000 USD

2023-01-01 – 2023-12-31: 192845000 USD Inspect Net Income Open source
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USD 391.09 million
Exact value

Exact value: 391092000 USD

2023-01-01 – 2023-12-31: 391092000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 189.22 million
Exact value

Exact value: 189220000 USD

2024-01-01 – 2024-12-31: 189220000 USD Inspect Net Income Open source
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USD 460.29 million
Exact value

Exact value: 460292000 USD

2024-01-01 – 2024-12-31: 460292000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 273.52 million
Exact value

Exact value: 273519000 USD

2025-01-01 – 2025-12-31: 273519000 USD Inspect Net Income Open source
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USD 463.39 million
Exact value

Exact value: 463388000 USD

2025-01-01 – 2025-12-31: 463388000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

104 filings · 3,563 latest values · 3,563 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001479094, 1479094, STAG, edgar:1479094

Also known as STAG INDUSTRIAL, INC., STAG INDUSTRIAL, INC., STAG Industrial, Inc., STAG Industrial, Inc.