Phillips Edison & Company (PECO) Financial Statements & Analysis

Phillips Edison & Company (PECO) Income Statement

Phillips Edison & Company reported revenue of $726.59M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 9.9% from $661.39M a year earlier. Net income was $122.97M, up 96.2% year over year, a net margin of 16.9%. Gross margin was 71.1% and operating margin 27.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $189.62M, up 6.7% from the same quarter a year earlier.

Phillips Edison & Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Phillips Edison & Company, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	726.59	661.39	610.12	575.37	532.85	498.02	536.71	430.39	311.54
Cost of Revenue	209.74	190.32	175.12	163.22	158.30	154.51	161.06	132.54	97.28
Gross Profit	516.86	471.08	435.01	412.15	374.55	343.51	375.64	297.85	214.26
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	51.64	45.61	44.37	45.24	48.82	41.38	48.53	50.41	60.92
Operating Expenses	319.32	300.45	44.37	281.46	48.82	41.38	48.53	50.41	60.92
Operating Income	198.85	170.63	390.64	130.37	97.54	302.13	327.12	247.44	153.35
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	110.25	95.70	83.86	71.20	76.37	85.30	103.17	72.64	45.66
Other Income/Expense	-75.88	-5.23	-326.44	-75.84	-80.31	-296.67	-399.94	-200.46	-195.07
Income
Income Before Tax	124.28	69.70	64.20	54.53	17.23	5.46	-72.83	46.98	-41.72
Income Tax Expense	1.31	1.82	0.44	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	122.97	62.69	56.85	54.53	17.23	4.77	-63.53	39.14	-38.39
Net Income - Continuous Operations	122.97	69.70	56.85	54.53	15.12	4.77	-63.53	39.14	-38.39
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	448.10	418.41	380.34	355.62	322.15	298.96	322.93	243.49	150.75
EBIT	198.85	165.40	147.99	130.69	104.30	-	-	-	-
Depreciation & Amortization	261.07	253.02	226.14	224.93	217.85	221.51	232.69	187.33	128.07
Earnings Per Share
Basic EPS	1.00	1.00	-	-	-	-	-1.00	1.00	-1.00
Diluted EPS	1.00	1.00	-	-	-	-	-1.00	1.00	-1.00
Basic Shares Outstanding	125.54	122.91	118.55	115.40	102.40	97.11	94.64	66.61	60.07
Diluted Shares Outstanding	138.90	136.82	132.97	130.33	116.67	111.16	109.04	80.46	65.50

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Phillips Edison & Company Financial Statements

What was Phillips Edison & Company's revenue in fiscal 2025?

Phillips Edison & Company reported revenue of $726.59M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 9.9% from $661.39M a year earlier.

Is Phillips Edison & Company profitable?

Yes. Phillips Edison & Company earned net income of $122.97M in fiscal 2025, a net margin of 16.9%. In fiscal 2024 it earned $62.69M.

What is Phillips Edison & Company's operating margin?

Phillips Edison & Company's operating income was $198.85M on revenue of $726.59M in fiscal 2025, an operating margin of 27.4%, compared with 25.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition