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Americold Realty Trust
World's largest owner and operator of temperature-controlled warehouses.1
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
0.3%Operating margin4
-4.5%Net margin4
-2.5%Revenue growth, 20254
-4.0%Return on equity4
-$217.2MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Warehouse Services brought in 53% of the revenue Americold Realty Trust broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Warehouse Services | $1.3B | $1.4B | $1.3B |
| Warehouse Rent And Storage | $1.0B | $997.7M | $970.5M |
| Transportation | $239.7M | $209.1M | $188.2M |
| Third-Party Managed | $42.6M | $40.7M | $36.5M |
Business segments
Warehouse brought in 91% of the revenue Americold Realty Trust broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Warehouse | $2.4B | $2.4B | $2.4B |
| Transportation | $239.7M | $209.1M | $188.2M |
| Third-Party Managed | $42.6M | $40.7M | $36.5M |
Regions
North America brought in 78% of the revenue Americold Realty Trust broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| North America | $2.1B | $2.1B | $2.0B |
| Asia Pacific | $265.4M | $282.9M | $309.7M |
| Europe | $258.8M | $235.6M | $233.1M |
| South America | $15.3M | $16.9M | $16.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue69¢$1.8B
- Selling, general and admin11¢$269.5M
- Other costs19¢$488.5M
- Income tax1¢$20.5M
Out of $2.5B in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending69¢$576.8M
- Dividends paid31¢$261.4M
Out of $359.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $2.6B | $2.7B | $2.7B |
| Cost of operations | $1.8B | $1.8B | $1.9B |
| Depreciation and amortization | $367.4M | $360.8M | $353.7M |
| Selling, general, and administrative | $269.5M | $255.1M | $226.8M |
| Acquisition, cyber incident, and other, net | $103.9M | $77.2M | $64.1M |
| Impairment of indefinite and long-lived assets | $47.1M | $33.1M | $236.5M |
| Net loss (gain) from sale of real estate | $44.3M | -$3.5M | -$2.3M |
| Total operating expenses | $2.6B | $2.5B | $2.8B |
| Operating income (loss) | $7.2M | $124.0M | -$108.3M |
| Interest expense | -$147.8M | -$135.3M | -$140.1M |
| Loss on debt extinguishment and termination of derivative instruments | $0 | -$116.1M | -$2.5M |
| Loss from investments in partially owned entities | -$2.1M | -$3.7M | -$1.4M |
| Other, net | $6.9M | $27.9M | $2.8M |
| Loss on put option | $0 | $0 | -$56.6M |
| Loss from continuing operations before income taxes | -$135.7M | -$103.2M | -$328.1M |
| Current income tax | -$6.1M | -$4.8M | -$8.5M |
| Deferred income tax | $26.6M | $13.2M | $10.8M |
| Total income tax benefit | $20.5M | $8.4M | $2.3M |
| Net loss from continuing operations | -$115.3M | -$94.7M | -$325.8M |
| Loss from discontinued operations, net of tax | $0 | $0 | -$10.5M |
| Net loss | -$115.3M | -$94.7M | -$336.3M |
| Net loss attributable to noncontrolling interests | -$734.0K | -$436.0K | -$54.0K |
| Net loss attributable to Americold Realty Trust, Inc. | -$114.5M | -$94.3M | -$336.2M |
| Weighted average common stock outstanding basic (in shares) | 285.7M shares | 284.8M shares | 275.8M shares |
| Weighted average common stock outstanding diluted (in shares) | 285.7M shares | 284.8M shares | 275.8M shares |
| Net loss per common share from continuing operations - basic (in USD per share) | -$0 | -$0 | -$1 |
| Net loss per common share from discontinued operations - basic (in USD per share) | $0 | $0 | -$0 |
| Basic loss per share (in USD per share) | -$0.40 | -$0.33 | -$1.22 |
| Net loss per common share from continuing operations - diluted (in USD per share) | -$0 | -$0 | -$1 |
| Net loss per common share from discontinued operations - diluted (in USD per share) | $0 | $0 | -$0 |
| Diluted loss per share (in USD per share) | -$0.40 | -$0.33 | -$1.22 |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Property, plant and equipment, gross | $8.0B | $7.5B | |
| Accumulated depreciation | -$2.6B | -$2.5B | |
| Property, buildings, and equipment net | $5.3B | $5.0B | |
| Operating leases - net | $179.9M | $222.3M | |
| Financing leases - net | $157.9M | $104.2M | |
| Cash, cash equivalents, and restricted cash | $136.9M | $47.7M | |
| Accounts receivable - net of allowance of $16,396 and $24,426 at December 31, 2025 and 2024, respectively | $368.5M | $386.9M | |
| Identifiable intangible assets net | $819.5M | $838.7M | |
| Goodwill | $828.3M | $784.0M | $794.0M |
| Investments in and advances to partially owned entities | $39.2M | $40.3M | |
| Other assets | $246.1M | $291.2M | |
| Total assets | $8.1B | $7.7B | |
| Borrowings under revolving line of credit | $332.1M | $255.1M | |
| Accounts payable and accrued expenses | $574.1M | $603.4M | |
| Senior unsecured notes and term loans - net of deferred financing costs of $16,001 and $13,882 at December 31, 2025 and 2024, respectively | $3.8B | $3.0B | |
| Sale-leaseback financing obligations | $42.4M | $79.0M | |
| Financing lease obligations | $152.3M | $95.8M | |
| Operating lease obligations | $180.0M | $219.1M | |
| Unearned revenues | $20.2M | $22.0M | |
| Deferred tax liability - net | $98.6M | $115.8M | |
| Other liabilities | $8.0M | $7.4M | |
| Total liabilities | $5.2B | $4.4B | |
| Common stock, $0.01 par value per share 500,000,000 authorized shares; 284,871,943 and 284,265,041 shares issued and outstanding at December 31, 2025 and 2024, respectively | $2.8M | $2.8M | |
| Paid-in capital | $5.7B | $5.6B | |
| Accumulated deficit and distributions in excess of net earnings | -$2.7B | -$2.3B | |
| Accumulated other comprehensive loss | -$63.2M | -$27.3M | |
| Total stockholders equity | $2.9B | $3.3B | |
| Noncontrolling interests | $37.6M | $26.2M | |
| Total equity | $2.9B | $3.3B | $3.6B |
| Total liabilities and equity | $8.1B | $7.7B | |
| Accounts receivable, allowance | -$16.4M | -$24.4M | -$21.6M |
| Deferred financing costs | -$16.0M | -$13.9M | |
| Common shares, par value (in USD per share) | $0.01 | $0.01 | |
| Common shares, shares authorized (in shares) | 500.0M shares | 500.0M shares | |
| Common shares, shares issued (in shares) | 284.9M shares | 284.3M shares | |
| Common shares, shares outstanding (in shares) | 284.9M shares | 284.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$115.3M | -$94.7M | -$336.3M |
| Depreciation and amortization | $367.4M | $360.8M | $353.7M |
| Amortization of deferred financing costs and pension withdrawal liability | $5.9M | $5.3M | $5.1M |
| Project Orion and other software related deferred costs amortization | $16.6M | $4.2M | $0 |
| Loss on debt extinguishment and termination of derivative instruments | $0 | $116.1M | $2.5M |
| Gain from sale of partially owned entity | -$2.4M | $0 | $0 |
| Loss from investments in partially owned entities | $2.1M | $3.7M | $5.6M |
| Stock-based compensation expense | $30.2M | $28.2M | $23.6M |
| Deferred income tax benefit | -$26.6M | -$13.2M | -$10.8M |
| Provision for doubtful accounts receivable | $5.1M | $7.6M | $6.4M |
| Impairment of indefinite and long-lived assets | $47.1M | $33.1M | $236.5M |
| Impairment of related party loan receivable | $0 | $0 | $22.0M |
| Loss on put option | $0 | $0 | $56.6M |
| Loss on classification of Comfrio as held for sale | $0 | $0 | $4.6M |
| Non-cash operating lease expenses | $37.9M | $42.8M | $42.8M |
| Net loss (gain) from sale of real estate | $44.3M | -$3.5M | -$2.3M |
| Accounts receivable | $20.9M | $22.7M | -$2.7M |
| Accounts payable and accrued expenses | -$17.0M | $17.3M | $23.5M |
| Other assets | -$22.2M | -$66.9M | -$49.6M |
| Operating lease liabilities | -$36.8M | -$40.3M | -$37.6M |
| Proceeds from settlement of treasury lock hedge transactions | $1.3M | $0 | $0 |
| Other, net | $1.2M | -$11.4M | $22.5M |
| Net cash provided by operating activities | $359.6M | $411.9M | $366.2M |
| Additions to property, buildings and equipment | -$576.8M | -$309.5M | -$264.5M |
| Business combinations, net of cash acquired | -$108.4M | $0 | -$46.7M |
| Acquisitions of property, buildings, equipment, and other assets, net of cash acquired | $0 | $0 | -$65.8M |
| Investments in and advances to partially owned entities and other, net | -$24.6M | -$13.0M | -$20.5M |
| Net payments for sale of business (discontinued operations) | $0 | $0 | -$4.6M |
| Proceeds from sale of property, buildings, and equipment | $25.9M | $9.3M | $8.1M |
| Proceeds from sale of investments in partially owned entities | $27.5M | $0 | $36.9M |
| Payment for foreign currency exchange forwards settlement | -$1.5M | $0 | $0 |
| Net cash used in investing activities | -$658.0M | -$313.2M | -$357.1M |
| Distributions paid on common stock, restricted stock units and noncontrolling interests in OP | -$261.4M | -$252.1M | -$242.2M |
| Proceeds from stock options exercised | $2.9M | $2.8M | $3.0M |
| Proceeds from employee stock purchase plan | $1.6M | $3.1M | $3.0M |
| Remittance of withholding taxes related to employee stock-based transactions | -$3.2M | -$3.6M | -$3.4M |
| Proceeds from revolving line of credit | $627.5M | $827.2M | $716.3M |
| Repayment on revolving line of credit | -$572.0M | -$942.2M | -$832.5M |
| Repayment of sale-leaseback financing obligations | -$4.2M | -$7.1M | -$17.9M |
| Termination of sale-leaseback financing obligations | -$15.3M | -$191.0M | $0 |
| Repayment of financing lease obligations | -$37.7M | -$37.9M | -$39.2M |
| Payment of debt issuance costs | -$4.9M | -$6.0M | $0 |
| Proceeds from public senior unsecured notes offering | $400.0M | $500.0M | $0 |
| Proceeds from senior unsecured term loans | $250.0M | $0 | $0 |
| Net proceeds from issuance of common stock | $0 | $0 | $412.6M |
| Net cash provided by (used in) financing activities | $383.3M | -$106.8M | -$285.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $84.9M | -$8.1M | $8.8M |
| Effect of foreign currency translation on cash, cash equivalents and restricted cash | $4.3M | -$4.6M | -$1.5M |
| Addition of property, buildings and equipment on accrual | $40.8M | $32.5M | $34.0M |
| Operating leases | $24.6M | $11.2M | $6.2M |
| Finance leases | $94.7M | $39.0M | $59.3M |
| Interest paid net of amounts capitalized | $138.4M | $122.0M | $134.5M |
| Income taxes paid net of refunds | $5.9M | $6.7M | $5.8M |
Recent filings
- Sep 9, 20268-K
- Aug 31, 20268-K
- Aug 31, 20268-K
- Aug 14, 2026SCHEDULE 13G/A
- Aug 6, 20268-K
- Aug 6, 202610-Q
- Aug 6, 20268-K
- Aug 6, 2026S-3ASR
- Jul 23, 20268-K
- Jul 6, 20264
- Jul 6, 20264
- Jul 2, 2026144
- Jun 24, 20268-K
- Jun 3, 20264
- Jun 1, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.americold.com1
- WikidataQ106237989
- SEC EDGARCIK 1455863
Sources
The numbers on this page point here. Each one links to the record it came from.
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