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Lineage, Inc.
(NASDAQ:LINE)
Lineage, Inc. (LINE) vs. SPDR S&P 500 ETF (SPY)
Lineage, Inc. Business Overview & Revenue Model
Lineage, Inc. Earnings Call Summary
Lineage, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2018 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.32B | 5.34B | 5.34B | 4.93B | 3.70B | 517.82M |
| Gross Profit | 1.56B | 1.76B | 1.75B | 1.46B | 1.13B | 517.82M |
| EBITDA | 541.00M | 547.00M | 452.00M | 1.06B | 841.00M | 386.30M |
| Net Income | -562.00M | -664.00M | -77.00M | -62.70M | -153.30M | -140.67M |
Balance Sheet | ||||||
| Total Assets | 19.44B | 18.66B | 18.87B | 18.56B | 16.42B | 2.75B |
| Cash, Cash Equivalents and Short-Term Investments | 81.00M | 173.00M | 68.00M | 170.60M | 209.10M | 89.06M |
| Total Debt | 7.68B | 6.88B | 11.05B | 10.69B | 9.60B | 1.03B |
| Total Liabilities | 9.78B | 8.97B | 12.85B | 12.45B | 11.14B | 1.25B |
| Stockholders Equity | 8.64B | 8.64B | 5.05B | 5.17B | 4.34B | 1.50B |
Cash Flow | ||||||
| Free Cash Flow | 73.00M | 12.00M | 30.00M | -312.00M | -359.20M | 265.06M |
| Operating Cash Flow | 582.00M | 703.00M | 795.10M | 500.90M | 329.90M | 268.30M |
| Investing Cash Flow | -659.00M | -919.00M | -1.07B | -2.37B | -3.41B | -689.09M |
| Financing Cash Flow | 197.00M | 320.00M | 136.20M | 1.84B | 3.03B | 426.21M |
Lineage, Inc. Technical Analysis
Lineage, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.91B | 23.03 | 6.85% | 3.39% | 22.17% | 40.80% | |
74 Outperform | $6.98B | 25.07 | 10.33% | 3.19% | 9.66% | -4.60% | |
74 Outperform | $9.47B | 29.83 | 3.74% | 4.24% | 13.66% | 11.34% | |
73 Outperform | $6.92B | 28.81 | 6.89% | 4.02% | 8.56% | 22.20% | |
69 Neutral | $2.63B | 31.80 | 4.15% | 6.02% | 6.64% | 210.89% | |
63 Neutral | $7.00B | 13.54 | -0.52% | 7.07% | 3.61% | -22.78% | |
53 Neutral | $9.56B | ― | -8.75% | 4.82% | ― | ― |
Lineage, Inc. Corporate Events
On August 6, 2025, Lineage, Inc. reported its financial results for the second quarter of 2025, showing a total revenue increase of 0.9% to $1,350 million, despite a GAAP net loss of $7 million. The company experienced a 55.1% increase in AFFO, though adjusted EBITDA decreased by 2.4%. Lineage completed a $500 million bond offering and declared a quarterly dividend of $0.5275 per share. Due to muted seasonal inventory levels, the company lowered its full-year 2025 guidance, focusing on revenue growth and operational efficiency to prepare for industry recovery.
On June 18, 2025, Lineage, Inc. held its annual meeting of stockholders where all ten directors were elected to serve until the 2026 meeting. The stockholders also ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2025, approved the executive compensation on an advisory basis, and decided on a one-year frequency for future say-on-pay votes. The Board has decided to include a say-on-pay vote in the company’s proxy materials annually until the next advisory vote on frequency is required by law.
On June 17, 2025, Lineage OP, LP, the operating partnership of Lineage, Inc., issued $500 million in 5.250% Senior Notes due 2030, guaranteed by Lineage Logistics Holdings, LLC, and other subsidiaries. The proceeds, approximately $489 million after expenses, will be used to repay revolving credit facility amounts and for general corporate purposes. The notes, governed by an indenture with restrictive covenants, are not registered under the Securities Act and were sold to qualified institutional buyers and non-U.S. persons. A Registration Rights Agreement obligates the operating partnership to file a registration statement for an exchange offer by June 17, 2026.
On June 10, 2025, Lineage, Inc. announced that its operating partnership, Lineage OP, LP, priced an offering of $500 million in senior unsecured notes due in 2030 with an interest rate of 5.250%. The proceeds from this offering are intended to repay outstanding amounts under the company’s revolving credit facility and for general corporate purposes. The notes will be offered to qualified institutional buyers and certain non-U.S. persons, with settlement expected on June 17, 2025, pending customary closing conditions.
On June 10, 2025, Lineage, Inc. announced that its operating partnership, Lineage OP, LP, has commenced a private offering of senior notes to qualified institutional buyers and certain non-U.S. persons. The proceeds from this offering are intended to repay amounts under its revolving credit facility and for general corporate purposes. The offering is subject to market conditions and customary closing conditions, and there are no assurances that it will be completed as planned.
On May 29, 2025, Robert Crisci, the Chief Financial Officer of Lineage, Inc., announced his retirement plans, prompting the company to begin the search for his successor. Crisci will remain in his role until a successor is appointed and will assist during the transition period. Additionally, Lineage, Inc. reaffirmed its financial guidance for the 2025 fiscal year, projecting an adjusted EBITDA of $1.35 to $1.40 billion and Adjusted FFO per share of $3.40 to $3.60. The company’s second quarter performance is on track with expectations, and it continues to strengthen its business pipeline.