Americold Realty Trust, Inc. (COLD) Income Statement
COLD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOLD revenue and net income
Where COLD's revenue goes
2025Each bar shows an amount and its share of revenue. COLD kept −4.4% of revenue as net income.
COLD profit margins
COLD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.4% | −3.7% | +5.5% | +5.8% |
| Gross profit | −87.6% | −46.8% | −28.3% | −11.0% |
| Operating income | −20.4% | +3.9% | −10.1% | −1.1% |
| Net income | — | — | — | — |
| EPS (diluted) | +9.7% | +45.7% | −3.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COLD quarterly EPS vs estimates
Americold Realty beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.30).
COLD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.60B | $2.67B | $2.67B | $2.91B | $2.71B | $1.99B | $1.78B | $1.60B | $1.54B | $1.49B |
| Cost of revenue | $2.50B | $1.82B | $1.90B | $2.22B | $2.09B | $1.44B | $1.31B | $1.20B | $1.17B | $1.14B |
| Gross profit | $104.7M | $846.7M | $770.6M | $696.0M | $629.8M | $551.5M | $478.3M | $405.6M | $374.1M | $345.6M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Sales, general & admin | $269.5M | $255.1M | $227.7M | $231.1M | $182.1M | $144.7M | $129.3M | $118.7M | $128.0M | $103.7M |
| Total operating expenses | $6.0M | $722.7M | $878.9M | $608.1M | $556.8M | $383.0M | $346.8M | $225.7M | $237.1M | $213.5M |
| Operating income | $98.7M | $124.0M | −$108.3M | $87.9M | $73.0M | $168.5M | $131.5M | $180.0M | $137.0M | $132.1M |
| Interest income | $3.1M | $5.0M | $2.4M | $1.6M | $841,000 | $1.2M | $6.3M | $4.0M | $1.1M | $708,000 |
| Interest expense | $147.8M | $135.3M | $140.1M | $116.1M | $99.2M | $91.5M | $94.4M | $93.3M | $114.9M | $119.6M |
| Income before taxes | −$135.7M | −$103.2M | −$328.1M | −$29.9M | −$30.6M | $17.6M | $43.0M | $44.4M | $8.8M | $10.8M |
| Income taxes | −$20.5M | −$8.4M | −$2.3M | −$18.8M | −$1.6M | −$6.9M | −$5.2M | −$3.6M | $9.4M | $5.9M |
| Net income | −$114.5M | −$94.3M | −$336.2M | −$19.4M | −$30.5M | $24.5M | $48.2M | $48.0M | −$608,000 | $4.9M |
| EBITDA | $379.4M | $393.0M | $165.8M | $417.6M | $388.4M | $325.2M | $300.9M | $255.5M | $240.6M | $249.1M |
| EPS (diluted) | $0.34 | $0.31 | −$0.32 | $0.11 | −$0.07 | $0.40 | $0.59 | $0.44 | −$0.13 | $0.07 |
| Gross margin | 4.0% | 31.8% | 28.8% | 23.9% | 23.2% | 27.7% | 26.8% | 25.3% | 24.2% | 23.2% |
| Operating margin | 3.8% | 4.7% | −4.1% | 3.0% | 2.7% | 8.5% | 7.4% | 11.2% | 8.9% | 8.9% |
| Net margin | −4.4% | −3.5% | −12.6% | −0.7% | −1.1% | 1.2% | 2.7% | 3.0% | −0.0% | 0.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $662.9M | $629.9M | $658.5M | $663.7M | $650.7M | $629.0M | $666.4M | $674.2M | $661.0M | $665.0M | $679.3M | $667.9M |
| Cost of revenue | $656.1M | $434.4M | $1.18B | $458.6M | $439.1M | $423.1M | $455.2M | $465.0M | $445.5M | $454.1M | $469.5M | $478.8M |
| Gross profit | $6.8M | $195.5M | −$517.9M | $205.0M | $211.7M | $205.8M | $211.2M | $209.2M | $215.5M | $210.8M | $209.8M | $189.1M |
| Sales, general & admin | $62.9M | $71.3M | $62.4M | $71.0M | $66.9M | $69.2M | $66.6M | $63.7M | $59.5M | $65.4M | $57.8M | $52.4M |
| Total operating expenses | −$39.7M | $163.0M | −$540.0M | $188.3M | $174.1M | $183.6M | $222.6M | $179.0M | $152.1M | $169.0M | $404.2M | $156.1M |
| Operating income | $46.5M | $32.5M | $22.1M | $16.8M | $37.6M | $22.2M | −$11.4M | $30.2M | $63.4M | $41.8M | −$194.3M | $33.0M |
| Interest income | — | — | — | — | — | — | $1.2M | $1.5M | — | — | — | $647,000 |
| Interest expense | $42.3M | $43.5M | $39.5M | $39.5M | $38.2M | $36.1M | $34.5M | $34.3M | $33.2M | $33.4M | $33.7M | $35.6M |
| Income before taxes | −$323.7M | −$20.3M | −$108.9M | −$17.7M | $4.8M | −$14.0M | −$43.5M | −$4.6M | −$66.9M | $11.8M | −$227.4M | −$2.8M |
| Income taxes | $22.7M | −$6.6M | −$19.9M | −$6.2M | $3.2M | $2.5M | −$7.1M | −$828,000 | −$2.5M | $2.0M | −$601,000 | −$492,000 |
| Net income | −$342.8M | −$13.6M | −$88.3M | −$11.4M | $1.5M | −$16.4M | −$36.2M | −$3.7M | −$64.1M | $9.7M | −$226.8M | −$2.1M |
| EBITDA | −$178.5M | $112.9M | $30.5M | $104.3M | $133.0M | $111.1M | $80.7M | $119.1M | $55.9M | $137.3M | −$99.6M | $122.5M |
| EPS (diluted) | $0.35 | $0.02 | −$0.10 | $0.05 | $0.36 | $0.03 | $0.07 | −$0.01 | $0.16 | $0.09 | $0.09 | −$0.01 |
| Gross margin | 1.0% | 31.0% | −78.6% | 30.9% | 32.5% | 32.7% | 31.7% | 31.0% | 32.6% | 31.7% | 30.9% | 28.3% |
| Operating margin | 7.0% | 5.2% | 3.4% | 2.5% | 5.8% | 3.5% | −1.7% | 4.5% | 9.6% | 6.3% | −28.6% | 4.9% |
| Net margin | −51.7% | −2.2% | −13.4% | −1.7% | 0.2% | −2.6% | −5.4% | −0.6% | −9.7% | 1.5% | −33.4% | −0.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COLD's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COLD financial results
In fiscal year 2025 (ended December 31, 2025), Americold Realty reported revenue of $2.6 billion, down 2.4% from the year before. It had a net loss of $114.5 million, a net profit margin of −4.4%. Diluted earnings per share came to $0.34. Over five years revenue grew at an average rate of 5.5% a year.
See the COLD stock overview for the latest quote and news, or the COLD chart for price history and technical indicators.
COLD income statement FAQ
What is Americold Realty's annual revenue?
Americold Realty reported total revenue of $2.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.4% from $2.7 billion the previous year.
Is Americold Realty profitable?
No. Americold Realty reported a net loss of $114.5 million in fiscal 2025, a net profit margin of −4.4%; its operating margin was 3.8%.
What is Americold Realty's gross margin?
Americold Realty's gross margin was 4.0% in fiscal 2025: for every $100 of revenue, Americold Realty kept $4 after the direct cost of its products and services.
How fast is Americold Realty growing?
Revenue grew 5.5% a year on average over the last five fiscal years, from $2.0 billion to $2.6 billion.
What are Americold Realty's earnings per share?
Americold Realty earned $0.34 per diluted share in fiscal 2025, compared with $0.31 a year earlier.
When will Americold Realty report its next earnings?
Americold Realty is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Americold Realty's fiscal year end?
Americold Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.