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Side-by-side financial comparison of Prologis (PLD) and SCOTTS MIRACLE-GRO CO (SMG). Click either name above to swap in a different company.

Prologis is the larger business by last-quarter revenue ($2.3B vs $1.5B, roughly 1.5× SCOTTS MIRACLE-GRO CO). Prologis runs the higher net margin — 62.1% vs 16.3%, a 45.8% gap on every dollar of revenue. On growth, Prologis posted the faster year-over-year revenue change (2.4% vs -16.9%). Over the past eight quarters, SCOTTS MIRACLE-GRO CO's revenue compounded faster (10.2% CAGR vs 7.3%).

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of 2025, the company operates more than 15,000 land acres and over 6,000 buildings comprising about 1.

The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. In the U.S., the company manufactures Scotts, Miracle-Gro and Ortho brands. It also markets and distributes the herbicide Roundup in the U.S. and several international markets including China.

PLD vs SMG — Head-to-Head

Bigger by revenue
PLD
PLD
1.5× larger
PLD
$2.3B
$1.5B
SMG
Growing faster (revenue YoY)
PLD
PLD
+19.3% gap
PLD
2.4%
-16.9%
SMG
Higher net margin
PLD
PLD
45.8% more per $
PLD
62.1%
16.3%
SMG
Faster 2-yr revenue CAGR
SMG
SMG
Annualised
SMG
10.2%
7.3%
PLD

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PLD
PLD
SMG
SMG
Revenue
$2.3B
$1.5B
Net Profit
$1.4B
$238.6M
Gross Margin
41.8%
Operating Margin
72.2%
27.5%
Net Margin
62.1%
16.3%
Revenue YoY
2.4%
-16.9%
Net Profit YoY
9.5%
61.2%
EPS (diluted)
$1.50
$-2.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PLD
PLD
SMG
SMG
Q1 26
$1.5B
Q4 25
$2.3B
$354.4M
Q3 25
$2.2B
$387.3M
Q2 25
$2.2B
$1.2B
Q1 25
$2.1B
$1.4B
Q4 24
$2.2B
$416.8M
Q3 24
$2.0B
$414.7M
Q2 24
$2.0B
$1.2B
Net Profit
PLD
PLD
SMG
SMG
Q1 26
$238.6M
Q4 25
$1.4B
$-125.0M
Q3 25
$764.3M
Q2 25
$571.2M
$149.1M
Q1 25
$593.0M
$217.5M
Q4 24
$1.3B
$-69.5M
Q3 24
$1.0B
Q2 24
$861.3M
$132.1M
Gross Margin
PLD
PLD
SMG
SMG
Q1 26
41.8%
Q4 25
25.0%
Q3 25
6.1%
Q2 25
31.8%
Q1 25
38.6%
Q4 24
22.7%
Q3 24
-7.1%
Q2 24
29.5%
Operating Margin
PLD
PLD
SMG
SMG
Q1 26
27.5%
Q4 25
72.2%
-6.2%
Q3 25
42.5%
-38.8%
Q2 25
41.8%
18.1%
Q1 25
41.1%
24.3%
Q4 24
64.6%
-12.2%
Q3 24
61.4%
-52.1%
Q2 24
51.0%
16.6%
Net Margin
PLD
PLD
SMG
SMG
Q1 26
16.3%
Q4 25
62.1%
-35.3%
Q3 25
34.5%
Q2 25
26.2%
12.6%
Q1 25
27.7%
15.3%
Q4 24
58.1%
-16.7%
Q3 24
49.4%
Q2 24
42.9%
11.0%
EPS (diluted)
PLD
PLD
SMG
SMG
Q1 26
$-2.00
Q4 25
$1.50
$-2.16
Q3 25
$0.82
$-2.58
Q2 25
$0.61
$2.54
Q1 25
$0.63
$3.72
Q4 24
$1.38
$-1.21
Q3 24
$1.08
$-4.21
Q2 24
$0.92
$2.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLD
PLD
SMG
SMG
Cash + ST InvestmentsLiquidity on hand
$1.1B
$6.2M
Total DebtLower is stronger
$35.0B
$2.3B
Stockholders' EquityBook value
$53.2B
Total Assets
$98.7B
$3.4B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLD
PLD
SMG
SMG
Q1 26
$6.2M
Q4 25
$1.1B
$8.3M
Q3 25
$1.2B
$36.6M
Q2 25
$1.1B
$51.1M
Q1 25
$671.1M
$16.9M
Q4 24
$1.3B
$9.8M
Q3 24
$780.9M
$71.6M
Q2 24
$598.3M
$279.9M
Total Debt
PLD
PLD
SMG
SMG
Q1 26
$2.3B
Q4 25
$35.0B
Q3 25
$35.3B
$2.1B
Q2 25
$34.7B
Q1 25
$32.3B
Q4 24
$30.9B
Q3 24
$32.3B
$2.2B
Q2 24
$29.9B
Stockholders' Equity
PLD
PLD
SMG
SMG
Q1 26
Q4 25
$53.2B
$-500.6M
Q3 25
$52.6B
$-357.5M
Q2 25
$52.7B
$-170.9M
Q1 25
$53.5B
$-290.1M
Q4 24
$54.0B
$-479.5M
Q3 24
$53.1B
$-390.6M
Q2 24
$53.3B
$-146.2M
Total Assets
PLD
PLD
SMG
SMG
Q1 26
$3.4B
Q4 25
$98.7B
$3.0B
Q3 25
$98.3B
$2.7B
Q2 25
$97.7B
$3.1B
Q1 25
$96.0B
$3.5B
Q4 24
$95.3B
$3.2B
Q3 24
$95.9B
$2.9B
Q2 24
$93.5B
$3.5B
Debt / Equity
PLD
PLD
SMG
SMG
Q1 26
Q4 25
0.66×
Q3 25
0.67×
Q2 25
0.66×
Q1 25
0.60×
Q4 24
0.57×
Q3 24
0.61×
Q2 24
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLD
PLD
SMG
SMG
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.83×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLD
PLD
SMG
SMG
Q1 26
Q4 25
$1.2B
$-370.4M
Q3 25
$1.4B
$174.1M
Q2 25
$1.2B
$454.4M
Q1 25
$1.2B
$188.1M
Q4 24
$1.3B
$-445.3M
Q3 24
$1.4B
$118.5M
Q2 24
$1.1B
$588.0M
Free Cash Flow
PLD
PLD
SMG
SMG
Q1 26
Q4 25
$-390.4M
Q3 25
$131.2M
Q2 25
$437.5M
Q1 25
$179.8M
Q4 24
$-474.6M
Q3 24
$101.9M
Q2 24
$574.8M
FCF Margin
PLD
PLD
SMG
SMG
Q1 26
Q4 25
-110.2%
Q3 25
33.9%
Q2 25
36.8%
Q1 25
12.7%
Q4 24
-113.9%
Q3 24
24.6%
Q2 24
47.8%
Capex Intensity
PLD
PLD
SMG
SMG
Q1 26
Q4 25
5.6%
Q3 25
11.1%
Q2 25
1.4%
Q1 25
0.6%
Q4 24
7.0%
Q3 24
4.0%
Q2 24
1.1%
Cash Conversion
PLD
PLD
SMG
SMG
Q1 26
Q4 25
0.83×
Q3 25
1.89×
Q2 25
2.17×
3.05×
Q1 25
1.96×
0.86×
Q4 24
1.04×
Q3 24
1.43×
Q2 24
1.26×
4.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PLD
PLD

Real Estate Operations Segment$2.0B88%
Unconsolidated Co Investment Ventures$131.7M6%
Other$82.6M4%
Strategic Capital Segment$49.9M2%

SMG
SMG

Segment breakdown not available.

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