STAG Industrial, Inc. (STAG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.27	$0.28	+3.7%	—	$224.4M	—
Q1 26	$0.24	$0.25	+4.2%	—	$224.2M	—
Q4 25	$0.16	$0.43	+168.8%	—	$220.9M	—
Q2 25	$0.22	$0.27	+22.7%	—	$207.6M	—
Q1 25	$0.2	$0.49	+145.0%	—	$205.6M	—
Q4 24	$0.21	$0.21	0.0%	—	$199.3M	—
Q3 24	$0.15	$0.21	+40.0%	—	$190.7M	—
Q2 24	$0.21	$0.2	-4.8%	—	$189.8M	—
Q1 24	$0.18	$0.2	+11.1%	—	$187.5M	—
Q4 23	$0.18	$0.23	+27.8%	—	$183.3M	—
Q3 23	$0.18	$0.28	+55.6%	—	$179.3M	—
Q2 23	$0.17	$0.29	+70.6%	—	$171.7M	—
Q1 23	$0.16	$0.28	+75.0%	—	$173.6M	—
Q4 22	$0.17	$0.17	0.0%	—	$170.3M	—
Q3 22	$0.16	$0.35	+118.7%	—	$166.3M	—
Q2 22	$0.16	$0.18	+12.5%	—	$161.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.46	—	—	$845.2M	—
FY24	—	$1.04	—	—	$767.4M	—
FY23	—	$1.07	—	—	$707.8M	—
FY22	—	$1	—	—	$657.3M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$250.2M	$301.1M	$351M	$405.9M	$483.4M	$562.2M	$657.3M	$707.8M	$767.4M	$845.2M
YoY change	+14.5%	+20.3%	+16.6%	+15.7%	+19.1%	+16.3%	+16.9%	+7.68%	+8.41%	+10.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	250.2M	301.1M	351M	405.9M	483.4M	562.2M	657.3M	707.8M	767.4M	845.2M
Cost of revenue	48.9M	57.7M	69M	75.2M	89.4M	108M	125.7M	139.6M	154.8M	171.8M
Gross profit	201.3M	243.4M	282M	330.8M	394.1M	454.2M	531.6M	568.2M	612.6M	673.4M
Gross margin	80.5%	80.8%	80.3%	81.5%	81.5%	80.8%	80.9%	80.3%	79.8%	79.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	33.4M	33.3M	34.1M	35.9M	40.1M	48.6M	47M	47.5M	49.2M	51.9M
Operating expenses	33.4M	33.3M	34.1M	35.9M	40.1M	48.6M	47M	47.5M	49.2M	51.9M
Operating income	42.5M	59.2M	80.3M	109.4M	139.2M	166.8M	209.6M	242.3M	270.3M	319.6M
Operating margin	17%	19.6%	22.9%	26.9%	28.8%	29.7%	31.9%	34.2%	35.2%	37.8%
Non-operating income, net	36M	15.5M	64.7M	-4.2M	129.4M	93M	50.5M	49.4M	36.1M	91.4M
Pretax income	35.6M	32.2M	96.2M	50.7M	206.8M	196.4M	182.2M	197.2M	193.3M	279.3M
Income tax	—	—	—	—	—	—	—	—	—	—
Net income	35.6M	32.2M	96.2M	50.7M	206.8M	196.4M	182.2M	197.2M	193.3M	279.3M
Net margin	14.2%	10.7%	27.4%	12.5%	42.8%	34.9%	27.7%	27.9%	25.2%	33%
EBITDA	166.8M	212.8M	250.8M	298M	356.7M	404.8M	480.4M	516.1M	561.1M	620M
EPS	0.29	0.24	0.8	0.35	1.32	1.15	1	1.07	1.04	1.46
Diluted EPS	0.29	0.23	0.79	0.35	1.32	1.15	1	1.07	1.04	1.46

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	179.3M	183.3M	187.5M	189.8M	190.7M	199.3M	205.6M	207.6M	211.1M	220.9M	224.2M	224.4M
Cost of revenue	34.4M	36.6M	39.1M	37.5M	38M	40.3M	43.7M	40.4M	42.2M	45.6M	47.3M	45M
Gross profit	144.9M	146.7M	148.5M	152.3M	152.7M	159.1M	161.9M	167.2M	169M	175.3M	176.9M	179.3M
Gross margin	80.8%	80%	79.2%	80.3%	80.1%	79.8%	78.8%	80.5%	80%	79.4%	78.9%	79.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11.1M	11.7M	13M	11.8M	12M	12.4M	13.3M	12.9M	12.2M	13.6M	13.9M	13.5M
Operating expenses	11.1M	11.7M	13M	11.8M	12M	12.4M	13.3M	12.9M	12.2M	13.6M	13.9M	13.5M
Operating income	64M	63.8M	64.1M	65.2M	68.2M	72.8M	74.7M	79.8M	80.8M	84.3M	84.4M	83.6M
Operating margin	35.7%	34.8%	34.2%	34.4%	35.8%	36.5%	36.3%	38.4%	38.3%	38.2%	37.7%	37.2%
Non-operating income, net	10.9M	4.2M	-1.2M	23.2M	3.2M	10.9M	51.2M	4.9M	130K	35.2M	14.7M	7.9M
Pretax income	51.2M	42.6M	37.5M	61.1M	42.7M	52M	93.4M	51.1M	49.6M	85.2M	63.3M	54M
Income tax	—	—	—	—	—	—	—	—	—	—	—	—
Net income	51.2M	42.6M	37.5M	61.1M	42.7M	52M	93.4M	51.1M	49.6M	85.2M	63.3M	54M
Net margin	28.5%	23.3%	20%	32.2%	22.4%	26.1%	45.4%	24.6%	23.5%	38.6%	28.2%	24.1%
EBITDA	133M	134.5M	135M	140.7M	140.2M	146M	148M	154.3M	156.6M	161.1M	162.7M	165.4M
EPS	0.28	0.23	0.2	0.33	0.23	—	0.49	0.27	0.26	0.44	0.32	0.28
Diluted EPS	0.28	0.23	0.2	0.33	0.23	—	0.49	0.27	0.26	0.44	0.32	0.28

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.7B	—	—	—	—	7.8B	5.8B	7.1B	6.2B	6.9B	7.3B
Enterprise value	2.7B	—	—	—	—	10.1B	8.3B	9.7B	9.2B	10.1B	10.6B
Shares outstanding	70.6M	89.5M	103.4M	125.4M	148.8M	163.4M	178.8M	180.2M	182.2M	186.8M	186.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	47.4	—	—	—	—	39.9	31.7	35.9	31.9	24.6	28.3
P/S	6.74	—	—	—	—	13.9	8.79	10	8.03	8.13	8.22
P/B	1.58	—	—	—	—	2.31	1.67	2.05	1.75	1.87	1.95
EV/EBITDA	16.2	—	—	—	—	24.9	17.2	18.8	16.4	16.4	16.4
EV/Sales	10.8	—	—	—	—	17.9	12.6	13.7	12	12	12
Earnings yield	2.11%	—	—	—	—	2.51%	3.16%	2.79%	3.14%	4.07%	3.53%
FCF yield	2.74%	—	—	—	—	2.24%	5.8%	5.27%	6.09%	5.85%	6.45%
PEG	—	—	—	—	—	—	—	—	—	—	7.64

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	80.5%	80.8%	80.3%	81.5%	81.5%	80.8%	80.9%	80.3%	79.8%	79.7%	79.9%
Operating margin	17%	19.6%	22.9%	26.9%	28.8%	29.7%	31.9%	34.2%	35.2%	37.8%	37%
Net margin	14.2%	10.7%	27.4%	12.5%	42.8%	34.9%	27.7%	27.9%	25.2%	33%	28.1%
ROE	3.34%	2.28%	5.76%	2.14%	7.46%	5.79%	5.27%	5.72%	5.48%	7.61%	6.98%
ROA	1.63%	1.2%	3.1%	1.22%	4.41%	3.37%	2.95%	3.14%	2.83%	3.87%	2.89%
Return on tangible assets	2.23%	1.57%	3.98%	1.58%	5.6%	4.18%	3.53%	3.64%	3.23%	4.35%	3.78%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.93	0.33	0.64	0.69	0.72	0.45	0.74	0.45	0.48	0.86	1.82
Quick ratio	0.93	0.33	0.64	0.69	0.72	0.45	0.74	0.45	0.48	0.86	0.54
Debt / equity	0.97	0.83	0.79	0.7	0.62	0.66	0.73	0.77	0.87	0.9	0.94
Debt / assets	0.47	0.44	0.43	0.4	0.37	0.39	0.41	0.42	0.45	0.46	0.47
Net debt / EBITDA	6.14	5.4	5.25	5.55	4.81	5.51	5.22	5.11	5.4	5.28	5.28
Interest coverage	1.83	1.76	2.97	1.93	4.32	4.09	3.34	3.09	2.71	3.11	2.81

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.54	3.36	3.39	3.24	3.25	3.44	3.68	3.93	4.21	4.52	4.66
EPS (basic)	0.29	0.24	0.8	0.35	1.32	1.15	1	1.07	1.04	1.46	1.46
EPS (diluted)	0.29	0.23	0.79	0.35	1.32	1.15	1	1.07	1.04	1.46	1.3
Book value per share	15.1	15.8	16.1	18.9	18.6	20.8	19.3	19.1	19.4	19.6	18.8
FCF per share	0.65	0.74	0.85	0.22	1.2	1.08	1.88	2.07	2.06	2.15	1.94
Cash per share	0.17	0.27	0.08	0.07	0.11	0.12	0.14	0.12	0.2	0.08	0.44
Capex per share	—	—	0	0	0.03	0.03	0.02	0	0.02	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	0%	0%	0.82%	1%	0.54%	0%	0.46%	—	—
Capex / operating cash flow	—	—	0%	0%	0.9%	1.22%	0.76%	0%	0.69%	—	—
Payout ratio	330%	437.9%	165.1%	374.2%	108.5%	125.1%	146.4%	135.7%	142.2%	101.7%	116.9%
Dividend yield	6.97%	—	—	—	—	3.13%	4.62%	3.78%	4.46%	4.13%	12.6%

Yield

12.6%

trailing twelve months

Frequency

Monthly

Last dividend

$0.388

ex-dividend Jun 30, 2026

Payout ratio

117%

of earnings

Dividend growth

14 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.388
Mar 31, 2026	$0.388
Dec 31, 2025	$0.124

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$179.3M	$183.3M	$187.5M	$189.8M	$190.7M	$199.3M	$205.6M	$207.6M	$211.1M	$220.9M	$224.2M	$224.4M
YoY change	+7.8%	+7.62%	+8.06%	+10.5%	+6.39%	+8.74%	+9.61%	+9.39%	+10.7%	+10.8%	+9.06%	+8.08%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	12.2M	24.6M	8M	9M	15.7M	19M	25.9M	20.7M	36.3M	14.9M
Receivables	25.2M	33.6M	42.2M	57.6M	77.8M	93.6M	115.5M	128.3M	136.4M	156.5M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	67.8M	107M	101.7M	150.7M	142.1M	177.7M	218.7M	230.6M	269.9M	361.8M
Property, plant & equipment	—	—	—	15.1M	25.4M	29.6M	31.3M	29.6M	31.2M	32.7M
Goodwill & intangibles	589.1M	626.5M	684M	950.3M	999.6M	1.1B	1B	871.4M	857.7M	789.9M
Total assets	2.2B	2.7B	3.1B	4.2B	4.7B	5.8B	6.2B	6.3B	6.8B	7.2B
Accounts payable	35.4M	43.2M	45.5M	53.7M	69.8M	76.5M	97.4M	83.2M	126.8M	135.4M
Short-term debt	28M	271M	100.5M	146M	107M	296M	175M	402M	409M	262M
Total current liabilities	73.1M	326.1M	159.8M	217.2M	196.1M	394.4M	294.7M	507.9M	559.3M	421.6M
Long-term debt	1B	902.8M	1.2B	1.5B	1.6B	2B	2.4B	2.3B	2.7B	3B
Total liabilities	1.1B	1.3B	1.4B	1.8B	1.9B	2.4B	2.7B	2.8B	3.3B	3.5B
Shareholders' equity	1.1B	1.4B	1.7B	2.4B	2.8B	3.4B	3.5B	3.4B	3.5B	3.7B
Total debt	1B	1.2B	1.3B	1.7B	1.7B	2.3B	2.5B	2.7B	3.1B	3.3B
Net debt	1B	1.1B	1.3B	1.7B	1.7B	2.2B	2.5B	2.6B	3B	3.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	10.9M	20.7M	12.4M	33.3M	70M	36.3M	9.3M	15.4M	17.3M	14.9M	8.9M	65.9M
Receivables	120.8M	128.3M	128.8M	125.2M	128.4M	136.4M	141.9M	138.9M	145M	156.5M	161.4M	161.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	216.4M	230.6M	226M	240.5M	301.4M	269.9M	290.4M	275.2M	279.2M	361.8M	319.2M	356.8M
Property, plant & equipment	30M	29.6M	29.1M	28.6M	28.1M	31.2M	30.6M	30.1M	29.8M	32.7M	32.2M	31.6M
Goodwill & intangibles	915.5M	871.4M	844.3M	843.1M	827M	857.7M	824.9M	785.4M	763.4M	789.9M	766.7M	803.5M
Total assets	6.3B	6.3B	6.3B	6.4B	6.6B	6.8B	6.8B	6.8B	6.9B	7.2B	7.2B	7.5B
Accounts payable	100.6M	83.2M	80.5M	98.8M	139.9M	126.8M	120.7M	117.8M	154.5M	135.4M	127.6M	129.6M
Short-term debt	325M	402M	435M	127M	256M	409M	512M	51M	110M	262M	200M	449M
Total current liabilities	448.4M	507.9M	538.4M	248.8M	418.8M	559.3M	656.4M	192.5M	288.2M	421.6M	403.3M	654.8M
Long-term debt	2.3B	2.3B	2.3B	2.7B	2.7B	2.7B	2.6B	3B	3B	3B	3B	3B
Total liabilities	2.8B	2.8B	2.9B	3B	3.2B	3.3B	3.3B	3.3B	3.4B	3.5B	3.5B	3.8B
Shareholders' equity	3.5B	3.4B	3.4B	3.4B	3.4B	3.5B	3.5B	3.5B	3.5B	3.7B	3.7B	3.7B
Total debt	2.6B	2.7B	2.7B	2.8B	3B	3.1B	3.1B	3.1B	3.1B	3.3B	3.2B	3.5B
Net debt	2.6B	2.6B	2.7B	2.8B	2.9B	3B	3.1B	3.1B	3.1B	3.3B	3.2B	3.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	35.6M	32.2M	96.2M	50.7M	206.8M	196.4M	182.2M	197.2M	193.3M	279.3M
Depreciation & amortization	125.4M	155.5M	171.8M	190.3M	219.1M	240.8M	274.7M	277.6M	292.5M	299.3M
Stock-based compensation	9.7M	9.5M	8.9M	9.9M	11.7M	15M	12.1M	11.5M	11.7M	12.7M
Change in working capital	5.9M	6.1M	7.7M	-2.4M	14.4M	23.3M	10.4M	-4.4M	39.3M	8.9M
Operating cash flow	182.6M	197.4M	275.8M	239.3M	440.6M	460.8M	465.5M	469.1M	515M	463.4M
Capital expenditure	—	—	0	0	-4M	-5.6M	-3.5M	0	-3.6M	—
Investing cash flow	-718K	2.1M	-5.5M	5M	386K	-3.1M	-261K	4.4M	-693K	3M
Dividends paid	-117.4M	-141M	-158.9M	-189.6M	-224.3M	-245.7M	-266.8M	-267.6M	-274.9M	-284M
Share repurchases	-69M	0	-70M	0	0	-75M	0	0	—	—
Financing cash flow	-329.1M	-17.7M	-759.6M	-542.4M	-682.3M	1.1B	-56.2M	-74.9M	287.3M	98.1M
Net change in cash	-147.2M	181.8M	-489.3M	-298.1M	-241.3M	1.5B	409M	398.6M	801.6M	564.4M
Free cash flow	46.2M	66.4M	87.5M	27.7M	179.1M	175.8M	335.2M	372.6M	375.1M	401.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	51.2M	42.6M	37.5M	61.1M	42.7M	52M	93.4M	51.1M	49.6M	85.2M	63.3M	54M
Depreciation & amortization	69.5M	70.9M	71.1M	76.1M	72M	73.3M	73.3M	73.8M	75.3M	76.8M	78.1M	81.9M
Stock-based compensation	2.6M	2.5M	2.9M	3M	3M	2.9M	3.2M	3.2M	3.1M	3.1M	3.5M	3.5M
Change in working capital	5.9M	-17.8M	4.2M	12.6M	33.6M	-11.1M	-2.4M	-2.9M	36.3M	-22.1M	5.6M	-6.6M
Operating cash flow	126.2M	95.9M	113.9M	143.3M	145M	112.8M	162.7M	121.6M	143.5M	104.5M	117.4M	110.9M
Capital expenditure	0	0	—	—	—	—	—	—	—	—	—	—
Investing cash flow	880K	3.9M	-2.3M	1.9M	155K	3.1M	450K	0	-480K	—	450K	350K
Dividends paid	-68M	-68.2M	-68.7M	-68.9M	-68.5M	-68.8M	-71M	-71M	-71M	-71M	-24.3M	-75.8M
Share repurchases	—	—	-137K	-107K	-98K	—	-159K	-308K	-128K	—	-177K	—
Financing cash flow	-754M	970.4M	-267.7M	-745.5M	-991.4M	1.1B	-453.3M	-826.7M	-886.7M	954.1M	-317.2M	-635.8M
Net change in cash	-626.9M	1.1B	-156M	-600.2M	-846.3M	1.2B	-290.2M	-705.1M	-743.7M	1.1B	-199.3M	-524.5M
Free cash flow	90.2M	89.9M	99.4M	97.3M	112.1M	66.3M	97.4M	109.1M	131.5M	63.7M	106.2M	69.4M

STAG Industrial, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement