LINE · Lineage, Inc.
25 customers — 33% of revenue (the year ended December 31, 2025)
“Our 25 largest customers contributed approximately 33% of our total revenues for the year ended December 31, 2025.”
4 customers — 2% of revenue (the year ended December 31, 2025)
“As of December 31, 2025, we had four customers that each accounted for at least 2% of our total revenues for the year ended December 31, 2025.”
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| — | $5.37B | $5.36B | $5.34B | $5.34B | $4.93B | |
| — | $3.65B | $3.63B | $3.58B | $3.59B | $3.47B | |
| — | $1.72B | $1.72B | $1.76B | $1.75B | $1.46B | |
| — | — | 32.14% | 33% | 32.8% | 29.53% | |
| — | $556M | $574M | $539M | $502M | $399M | |
| — | — | $115M | $116M | $115M | $109M | |
| — | — | $895M | $876M | $760M | $678M | |
| — | $5.18B | $5.17B | $5.7B | $4.94B | $4.63B | |
| — | $192M | $181M | -$361M | $398M | $297M | |
| — | — | 3.38% | -6.76% | 7.45% | 6.03% | |
| — | — | $1.08B | $515M | $1.16B | $975M | |
| — | $268M | $256M | $426M | $509M | $281M | |
| — | $7M | $8M | $12M | $6M | $3M | |
| — | -$381M | -$296M | -$479M | -$508M | -$367M | |
| — | -$5M | -$3M | -$6M | -$3M | $0 | |
| — | — | -$115M | -$840M | -$110M | -$70M | |
| — | $0 | -$2M | -$89M | -$14M | $6M | |
| — | -$169M | -$100M | -$664M | -$77M | -$63M | |
| — | — | -1.87% | -12.43% | -1.44% | -1.28% | |
| — | -$20M | -$13M | -$87M | -$19M | -$13M | |
| — | -$164M | -$98M | -$706M | -$118M | -$78M | |
| — | -$234M | $76M | -$903M | -$74M | -$109M | |
| USD/shares | — | -$0.72 | -$0.43 | -$3.70 | -$0.73 | -$0.51 |
| USD/shares | $2.80 – $3.05 | -$0.72 | -$0.43 | -$3.70 | -$0.73 | -$0.51 |
| shares | — | — | 228M | 191M | 162M | 152M |
| shares | — | — | 228M | 191M | 162M | 152M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2022–FY2025: $136M in buybacks, $997M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 12 similar-size REIT - Industrial companies (of 15 listed).
P/FFO and P/AFFO and EV/Adj. EBITDA use the company-stated “Core FFO” and “Adjusted FFO” and “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
P/FFO and P/AFFO and EV/Adj. EBITDA use the company-stated “Core FFO” and “Adjusted FFO” and “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Global Warehousing | $3,950,000,000 | $3,887,000,000 | $3,857,000,000 | $3,432,000,000 |
| Global Integrated Solutions | $1,405,000,000 | $1,453,000,000 | $1,485,000,000 | $1,496,000,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| United States | $3,469,000,000 | $3,412,000,000 | $3,424,000,000 | $3,306,000,000 |
| Europe | $1,153,000,000 | $1,186,000,000 | $1,203,000,000 | $1,098,000,000 |
| Asia Pacific | $445,000,000 | $445,000,000 | $434,000,000 | $387,000,000 |
| Canada | $283,000,000 | $293,000,000 | $277,000,000 | $133,000,000 |
| Other Foreign | $5,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Warehousing Operations | $3,472,000,000 | $3,477,000,000 | $3,471,000,000 | $3,076,000,000 |
| Cargo And Freight | $717,000,000 | $797,000,000 | $859,000,000 | $935,000,000 |
| Warehouse Lease | $284,000,000 | $271,000,000 | $259,000,000 | $244,000,000 |
| Redistribution | $225,000,000 | $206,000,000 | $193,000,000 | $173,000,000 |
| Food Sales | $199,000,000 | $208,000,000 | $229,000,000 | $207,000,000 |
| E-Commerce and Other | $177,000,000 | $167,000,000 | $130,000,000 | $111,000,000 |
| Management Service | $174,000,000 | $119,000,000 | $97,000,000 | $79,000,000 |
| Railcar Lease | $87,000,000 | $75,000,000 | $74,000,000 | $70,000,000 |
| Service Other | $20,000,000 | $20,000,000 | $30,000,000 | $33,000,000 |