Douglas Emmett (DEI) financial statements
Douglas Emmett reported revenue of $1.0B in fiscal 2025, up 3.4% a year over 9 years.
Net income was $16M and the operating margin 19.0%, against 29.7% in 2016.
Free cash flow was $194M, and the company returned $127M in dividends.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Douglas Emmett's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $743M | $812M | $881M | $937M | $892M | $918M | $994M | $1.0B | $986M | $1.0B |
| Gross profit | — | — | — | — | $586M | $615M | $660M | $659M | $636M | $636M |
| Selling, general and admin | $35M | $36M | $39M | $38M | $40M | $43M | $45M | $49M | $45M | $47M |
| Operating income | $221M | $241M | $252M | $243M | $161M | $201M | $242M | $150M | $207M | $190M |
| Interest expense | $146M | $145M | $133M | $143M | $143M | $147M | $150M | $209M | $229M | $267M |
| Net income | $85M | $94M | $116M | $364M | $50M | $65M | $97M | -$43M | $24M | $16M |
| EPS (diluted) | $0.55 | $0.58 | $0.68 | $2.09 | $0.28 | $0.37 | $0.55 | -$0.26 | $0.13 | $0.09 |
| Diluted shares | 153M | 161M | 170M | 173M | 175M | 175M | 176M | 170M | 167M | 167M |
| Gross margin | — | — | — | — | 65.7% | 67.0% | 66.4% | 64.6% | 64.5% | 63.4% |
| Operating margin | 29.7% | 29.7% | 28.6% | 25.9% | 18.1% | 21.9% | 24.3% | 14.7% | 21.0% | 19.0% |
| Net margin | 11.5% | 11.6% | 13.2% | 38.8% | 5.7% | 7.1% | 9.8% | -4.2% | 2.4% | 1.6% |
Balance sheet
Fiscal years, from Douglas Emmett's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $113M | $177M | $146M | $154M | $172M | $336M | $269M | $523M | $445M | $341M |
| Property, plant and equipment | $1M | $1M | $1M | $2M | $2M | $2M | $7M | $7M | $7M | $7M |
| Total assets | $7.6B | $8.3B | $8.3B | $9.3B | $9.3B | $9.4B | $9.7B | $9.6B | $9.4B | $9.3B |
| Total liabilities | $4.6B | $4.4B | $4.4B | $5.0B | $5.3B | $5.4B | $5.5B | $5.8B | $5.7B | $5.8B |
| Shareholders' equity | $1.9B | $2.4B | $2.4B | $2.7B | $2.4B | $2.4B | $2.6B | $2.2B | $2.1B | $1.9B |
| Net debt | -$113M | -$177M | -$146M | -$154M | -$172M | -$336M | -$269M | -$523M | -$445M | -$341M |
Cash flow
Fiscal years, from Douglas Emmett's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $339M | $403M | $433M | $470M | $420M | $447M | $497M | $427M | $409M | $387M |
| Capital spending | $92M | $108M | $179M | $176M | $143M | $108M | $162M | $189M | $167M | $192M |
| Free cash flow | $248M | $294M | $254M | $293M | $277M | $338M | $335M | $238M | $241M | $194M |
| Stock-based compensation | $17M | $18M | $22M | $18M | $21M | $21M | $21M | $20M | $21M | $21M |
| Dividends paid | $131M | $146M | $170M | $180M | $196M | $197M | $197M | $130M | $127M | $127M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$109M | $0 | $0 |
| Free cash flow margin | 33.3% | 36.3% | 28.8% | 31.3% | 31.0% | 36.9% | 33.7% | 23.3% | 24.5% | 19.4% |
| Dividends per share | $0.85 | $0.91 | $1.00 | $1.04 | $1.12 | $1.12 | $1.12 | $0.77 | $0.76 | $0.76 |
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Open DEI in InvestinglyQuestions
What was Douglas Emmett's revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Douglas Emmett generate?
$194M in fiscal 2025 (operating cash flow minus capital spending).
From Douglas Emmett's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.