Lineage
Stores and moves food through a global temperature-controlled logistics network.
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Profile
Operates temperature-controlled warehouses and integrated transportation services across North America, Europe, and Asia-Pacific. An acquisition-built REIT uses automation, data science, and LinOS to coordinate a network of more than 500 facilities.
Operates two business lines: Global Warehousing provides temperature-controlled storage and related services, while Global Integrated Solutions moves food through transportation and other supply-chain services. The network spans more than 500 facilities across North America, Europe, and Asia-Pacific.
Builds operating consistency across acquired sites through continuous improvement, data science, automation, and the proprietary LinOS warehouse-execution system. Adjacent capabilities include freight forwarding, customs brokerage, rail, direct-to-consumer delivery, processing, and supply-chain engineering.
Warehouse economics depend on utilization, labor productivity, and power costs. Continued execution also depends on integrating acquired businesses, employees, and systems while maintaining customer service, with founder-linked Bay Grove affiliates retaining controlling voting power after the public listing.
Company facts
Key statistics
Year to date +11.0% · Average volume (30d) 903.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Piper Sandler | Target | $46 | $44 | ||
| Aug 17, 2026 | RBC Capital | Reiterate | Outperform | $48 | ||
| Aug 12, 2026 | Goldman Sachs | Target | $45 | $53 | ||
| Aug 6, 2026 | Robert W. Baird | Target | $39 | $43 | ||
| Jul 29, 2026 | Mizuho | Upgrade | Neutral | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.22 | −$0.13 | +40.0% | $1.35B | $1.36B | +0.5% | −1.96% |
| May 6, 2026Q1 FY26 | −$0.23 | −$0.18 | +20.1% | $1.31B | $1.30B | −1.2% | +5.71% |
| Feb 25, 2026Q4 FY25 | −$0.08 | $0.03 | +136.7% | $1.38B | $1.34B | −3.0% | +1.29% |
| Nov 5, 2025Q3 FY25 | $0.78 | −$0.44 | −156.4% | $1.38B | $1.38B | −0.1% | −5.33% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.35B | $1.38B | $1.34B | $1.30B | $1.36B | |
| Gross profit | $416.0M | $430.0M | $445.0M | −$465.0M | $184.0M | $425.0M | |
| Operating income | $56.0M | $23.0M | $35.0M | $138.0M | $43.0M | $54.0M | |
| Net income | $0 | −$6.0M | −$100.0M | $6.0M | −$46.0M | −$29.0M | |
| Diluted EPS | $0.01 | −$0.03 | −$0.44 | $0.03 | −$0.18 | −$0.13 | |
| Gross margin | 32.2% | 31.9% | 32.3% | -34.8% | 14.2% | 31.2% | |
| Operating margin | 4.3% | 1.7% | 2.5% | 10.3% | 3.3% | 4.0% |
Fiscal years (4-quarter sums)FY23 $5.34B · FY24 $5.34B · FY25 $5.36B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $58.0M · Total debt $7.99B · Total assets $18.90B · Shareholders' equity $7.89B
Dividends
Last raised to $0.5325 from $0.5275 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 21 | $0.5325 | |
| Mar 31, 2026 | Mar 31 | Apr 21 | $0.5325 | raised from $0.5275 |
| Dec 31, 2025 | Dec 31 | Jan 21 | $0.5275 | |
| Sep 30, 2025 | Sep 30 | Oct 21 | $0.5275 | |
| Jun 30, 2025 | Jun 30 | Jul 21 | $0.5275 | |
| Mar 31, 2025 | Mar 31 | Apr 21 | $0.5275 | |
| Dec 31, 2024 | Dec 31 | Jan 21 | $0.5275 | raised from $0.38 |
| Sep 30, 2024 | Sep 30 | Oct 21 | $0.38 |
Ownership
Shares outstanding 227.67M · Float 71.37M · 31.4% free float
Insiders — filings are in another share unit.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Kevin Patrick Marchetti | 180.36M | 71.80% | 13G | Oct 24, 2024 |
| Norges Bank | 13.92M | 6.11% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 5.73M | 2.52% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 5.26M | 2.31% | 13F | Aug 7, 2026 |
| D1 Capital Partners L.P. | 4.74M | 2.08% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Robb A. LeMasters | officer: Chief Financial Officer | +20,000 | $41.33 |
| Mar 12, 2026 | Kevin Patrick Marchetti | director, 10 percent owner, officer: Co-Executive Chairman | +13,300 | $37.50 |
| Mar 9, 2026 | Kevin Patrick Marchetti | director, 10 percent owner, officer: Co-Executive Chairman | +11,222 | $39.05 |
| Nov 21, 2025 | Abigail S. Fleming | officer: Chief Accounting Officer | +500 | $33.57 |
| Nov 13, 2025 | Robb A. LeMasters | officer: Chief Financial Officer | +30,000 | $33.74 |
Peers
- Americold Realty Trust
Global cold-storage REIT spanning warehousing and transportation
- C.H. Robinson Worldwide
Asset-light cold-chain transportation and food logistics network
- Trinity Industries
Refrigerated railcar leasing and logistics services in North America
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lineage | $39.89 | +1.48% | $8.95B | — | — | 1.7 | +0.8% |
| Americold Realty Trust | $15.01 | −0.03% | $4.28B | — | — | 1.6 | +1.9% |
| C.H. Robinson Worldwide | $150.39 | −0.03% | $17.73B | 28.7 | 21.9 | 1.0 | +19.3% |
| Trinity Industries | $29.27 | +0.03% | $2.33B | 7.0 | 16.6 | 1.1 | −4.2% |
| Median | 17.8 | 19.3 | 1.1 | +1.9% |