How Stag Industrial makes money

Period

FY2025

How does Stag Industrial make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Stag Industrial Inc. · FY2025 · year ended 2025-12-31

Revenue$845MGross profit$845M · 100%Cost of revenue$0 · 0%Operating income$793M · 94%Operating expenses$52M · 6%SG&A$52M · 6%Pre-tax income$274M · 32%Other expense$520M · 61%Net income$274M · 32%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.