Aureus
AExcellent

Digital Realty Trust, Inc.(DLR)

A

Financial data as of Dec 31, 2025Stable · Real Estate

FCF Margin39.5%Free Cash Flow / Revenue
Cash Conversion184.3%Operating CF / Net Income
Free Cash Flow$2.4B
Revenue$6.1B
Net Cash-$16.2BNet debt position
Debt / FCF8.1xElevated debt burden
Current Ratio1.10Adequate short-term liquidity
YoY FCF Growth-6.6%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-1High debt-to-FCF ratio (8.1x)
→
+0.5Healthy FCF margin with manageable debt (39.5%, 8.1x)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (39.5%)
  • Excellent cash conversion (184%)
  • Highly consistent quarterly FCF

Concerns

  • Heavy debt position ($16.2B net debt, 8.1x FCF)
  • High debt-to-FCF ratio (8.1x)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin39.5%
Net Margin21.4%
Operating CF Margin39.5%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$16.2BNet debt position
Debt / FCF8.1xElevated debt burden
Current Ratio1.10Adequate liquidity
Debt / Equity0.89Low leverage

Quarterly FCF Trend

-6.6% YoYStable (-6.6%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameDigital Realty Trust, Inc.
SectorReal Estate
Free Cash Flow$2.4B
Revenue$6.1B
Net Income$1.3B
Operating Cash Flow$2.4B
Capital Expenditure$0
FCF Margin39.5%
Cash Conversion Rate184.3%
Net Margin21.4%
Total Debt$19.7B
Total Cash$3.5B
Net Cash-$16.2B
Current Ratio1.10
Debt / Equity0.89
Debt / FCF8.1x
YoY FCF Growth-6.6%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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