Lineage, Inc. (LINE) Stock Price & Analysis
Lineage, Inc. (LINE) closed at USD 35.09 on Thursday, October 22, 2026, up 2.42% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 34.26; the Oct 22, 2026 session ranged USD 34.04–35.11 on volume of 858,333 shares. Market capitalization is $8.80B, with a 52-week range of USD 31.33–45.75 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:06 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LINE.md
Key facts (LINE)
- Last four reported quarters (through Jun 30, 2026): revenue $5.37B, net income -$169M (-3.1% margin), free cash flow $244M (SEC filings).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $1.8M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.95 on a 1–5 scale) (20 analysts), mean target USD 42.74 (range 35–55).
- Total return with dividends: 1Y -7.2% vs S&P 500 +14.9%; 5Y -52.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD -0.23, revenue estimate $1.37B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LINE)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $4.93B | $5.34B | $5.34B | $5.36B | $5.37B |
| Gross profit | $1.46B | $1.75B | $1.76B | $1.72B | — |
| Operating income | $297M | $398M | -$361M | $181M | $192M |
| Net income | -$63.0M | -$77.0M | -$664M | -$100M | -$169M |
| EPS (diluted) | -$0.51 | -$0.73 | -$3.70 | -$0.43 | — |
| Free cash flow | -$312M | $30.0M | $12.0M | $196M | $244M |
| Gross margin | 29.5% | 32.8% | 33.0% | 32.1% | — |
| Operating margin | 6.0% | 7.5% | -6.8% | 3.4% | 3.6% |
| Net margin | -1.3% | -1.4% | -12.4% | -1.9% | -3.1% |
| Revenue growth | — | +8.4% | +0.0% | +0.3% | — |
| Cash + short-term investments | $202M | $68.0M | $173M | $66.0M | — |
| Total debt | — | $8.98B | $4.96B | $6.11B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LINE)
P/S 1.6x · EV/EBITDA 14.8x · EV/Sales 2.8x · P/FCF 36.1x · P/B 1.1x · FCF yield 2.77% · Earnings yield -1.92% · Dividend yield (paid, TTM) 6.11% · Net debt $6.16B · EV $15.0B
Insider purchases (SEC Form 4, open-market, last ~7 months) (LINE)
2 purchases, $1.8M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-28 | Marchetti Kevin Patrick | Co-Executive Chairman | 25,000 | $988K | 39.5 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-07 | Lemasters Robb A. | Chief Financial Officer | 20,000 | $827K | 41.33 | Too little history (no open-market trades in 2023 or 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LINE)
Consensus Hold (mean 2.95 on a 1–5 scale), 20 analysts; mean target USD 42.74 (low 35, high 55).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | UBS | Target lowered | Neutral | $45 → $36 |
| 2026-10-15 | JP Morgan | Target lowered | Underweight | $40 → $37 |
| 2026-10-12 | Piper Sandler | Target lowered | Neutral | $44 → $36 |
| 2026-10-02 | Evercore ISI Group | Target lowered | In-Line | $45 → $43 |
| 2026-10-02 | Scotiabank | Target lowered | Sector Perform | $44 → $39 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $47 → $45 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Perform | $45 → $44 |
| 2026-09-09 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $47 |
| 2026-09-01 | Wells Fargo | Target raised | Equal-Weight | $36 → $38 |
| 2026-08-27 | Piper Sandler | Target lowered | Neutral | $46 → $44 |
| 2026-08-17 | RBC Capital | Target raised | Outperform | $44 → $48 |
| 2026-08-13 | Citigroup | Target raised | Neutral | $42 → $43 |
Total return (dividends reinvested) (LINE)
| 1Y (from 2025-10-23) | 5Y (from 2024-07-22) | |
|---|---|---|
| Total return | -7.2% | -52.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -7.2% | -28.4% |
| Volatility (annualized) | 36.9% | 33.8% |
| Max drawdown | -24.4% (Jul 2026→Oct 2026) | -61.5% (Aug 2024→Mar 2026) |
LINE revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Global Warehousing | $1.00B | 73.8% | +3.6% |
| Global Integrated Solutions | $356.0M | 26.2% | -6.3% |
| Total revenue | $1.36B | 100% | — |
LINE revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Warehousing operations | $875.0M | 64.3% | +2.3% |
| Transportation | $173.0M | 12.7% | -12.6% |
| Warehouse lease revenues | $73.0M | 5.4% | -12.0% |
| Food sales | $60.0M | 4.4% | -1.6% |
| Redistribution revenues | $60.0M | 4.4% | +1.7% |
| Managed services | $54.0M | 4.0% | +100.0% |
| E-commerce and other | $42.0M | 3.1% | -4.5% |
| Railcar lease revenues | $21.0M | 1.5% | +16.7% |
| Other | $3.0M | 0.2% | -40.0% |
| Total revenue | $1.36B | 100% | — |
LINE revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $3.75B | 70.1% | +1.3% |
| — United States (part of North America) | $3.47B | 64.8% | +1.7% |
| — Canada (part of North America) | $283.0M | 5.3% | -3.4% |
| Europe | $1.15B | 21.5% | -2.8% |
| Asia Pacific | $445.0M | 8.3% | +0.0% |
| Other Foreign | $5.0M | 0.1% | +25.0% |
| Total revenue | $5.36B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LINE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Lineage OP | “References herein to "our operating partnership" mean, prior to its conversion to a Maryland limited partnership in connection with the formation transactions, Lineage OP, LLC, a Delaware limited liability company, and after such conversion, Lineage OP, LP, a Maryland limited partnership.” |
Quoted from the company's 10-K filed Feb 25, 2026.
LINE company outlook (results filed Aug 5, 2026)
- “Lineage expects full-year 2026 adjusted EBITDA of $1.26 to $1.29 billion and Adjusted FFO ("AFFO") per share of $2.80 to $3.05.”
- “The Company's guidance excludes the impact of unannounced future acquisitions or developments.”
Quoted word-for-word from the SEC 8-K results press release.
LINE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.23 | $-0.19 | +22.8% | $1.37B | 3 |
| Next quarter (ends Dec 2026) | $-0.20 | $-0.21 | -6.3% | $1.36B | 3 |
| Current fiscal year (ends Dec 2026) | $-0.71 | $-0.73 | -2.7% | $5.39B | 1 |
| Next fiscal year (ends Dec 2027) | $-0.69 | $-0.73 | -5.5% | $5.54B | 3 |
LINE options: expected move
Options price a move of about ±9.2% (±$3.22) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±7.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 40.8% | ±9.2% |
| Jan 15, 2027 | 84 | 37.5% | ±14.6% |
| Apr 16, 2027 | 175 | 37.1% | ±20.4% |
30-day implied volatility 41.1% vs 26.5% realized over the last 30 trading days. Put/call ratio (volume) 0.04. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:06 UTC)
| Price | USD 35.09 |
|---|---|
| Change | ▲ 2.42% (up) |
| Previous Close | USD 34.26 |
| Open | USD 34.04 |
| Day Range | USD 34.04 – 35.11 |
| 52-Week Range | USD 31.33 – 45.75 |
| Volume | 858,333 shares |
| Market Cap | $8.80B |
| Exchange | NMS |
Technical Analysis (LINE)
Nexqual's technical model rates LINE "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:06 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 49.14 (neutral) |
| vs SMA50 | Below (USD 37.26) |
| MACD | -0.85 (negative) |
Analyst Ratings (LINE)
Wall Street analysts rate LINE "Hold" based on 20 analysts, with a mean price target of USD 42.74 (range USD 35–55), per Nexqual as of October 23, 2026 at 10:06 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 42.74 |
| High Target | USD 55 |
| Low Target | USD 35 |
| Buy / Hold / Sell | 7 / 9 / 4 |
Earnings (LINE)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.23 |
| Revenue Estimate | $1.37B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.11 vs est -0.22 ▲ beat |
| 2026-03-31 | USD -0.15 vs est -0.25 ▲ beat |
| 2025-12-31 | USD 0.19 vs est -0.14 ▲ beat |
| 2025-09-30 | USD 0.03 vs est -0.09 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
Financials & Fundamentals (LINE)
| Total Revenue | $5.37B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.80% |
| Gross Margin | +31.99% |
| Operating Margin | +3.67% |
| Profit Margin | -3.15% |
| ROE | -2.04% |
| Debt / Equity | 0.95 |
| Current Ratio | 0.78 |
| Total Cash | $58.00M |
| Total Debt | $8.43B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $244.00M (4.5% of revenue) |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
Financial Health Score (LINE)
Nexqual rates Lineage, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:06 UTC.
| Growth | Mixed — Revenue +0.3% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 32%, operating 4% (last 12 months) |
| Balance Sheet | Weak — $58M cash and investments vs $6.22B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $244M (last 4 quarters to Jun 2026, SEC), slim 4.5% margin |
| Efficiency | Critical — ROE -2%, ROA 0.8% |
Ownership (LINE)
| Insider Ownership | +68.46% |
|---|---|
| Institutional Ownership | +34.67% |
| Shares Outstanding | 227.67M |
| Float | 57.60M |
| Short % of Float | +8.23% |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
Leadership (LINE)
Lineage, Inc. is led by W. Gregory Lehmkuhl, CEO, President & Director, per Nexqual as of October 23, 2026 at 10:06 UTC.
| CEO, President & Director | W. Gregory Lehmkuhl |
|---|---|
| Chief Financial Officer | Robb A. LeMasters |
| President of North America East | Sean Vanderelzen |
| Co-Founder & Co-Executive Chairman | Adam Forste |
| Co-Founder & Co-Executive Chairman | Kevin Patrick Marchetti |
Major Backers & Investors (LINE)
Notable institutional backers of Lineage, Inc. include NORGES BANK, D1 Capital Partners, LP, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 10:06 UTC.
Active Investors
| Investor | Stake |
|---|---|
| NORGES BANK | 6.11% |
| D1 Capital Partners, LP | 2.08% |
| AQR Capital Management, LLC | 2.05% |
| Bank of America Corporation | 1.58% |
| HighTower Advisors, LLC | 1% |
| Baillie Gifford | 1% |
| UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. | 0.38% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 3.82% |
| BlackRock | 2.31% |
| State Street | 0.83% |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
From Lineage, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our proprietary technology and unique approach to automation enables us to provide customers with truly customizable solutions to address their warehouse needs.
- We have a well-diversified and stable customer base and currently serve more than 11,000 customers that include household names of the largest food retailers, manufacturers, processors, and food service distributors in the industry.
- Our business is competitively positioned to deliver a seamless end-to-end, technology-enabled, customer experience for thousands of customers, each with their own unique requirements in the temperature-controlled supply chain.
- We are the largest temperature-controlled warehousing company globally by cubic feet of storage space, including in some of the world's largest developed markets, such as the United States, Canada, the United Kingdom, Continental Europe, Australia, and New Zealand.
Partnerships
- We intend to preserve a flexible capital structure with an investment grade profile.
Legal & Regulatory Risks (Item 1A, quoted)
- We could incur significant costs under environmental laws related to the presence and management of asbestos, anhydrous ammonia, and other chemicals and underground storage tanks.
- Privacy and data security concerns, and data collection and transfer restrictions and related regulations may adversely affect our business.
- We face ongoing litigation risks which could result in material liabilities and harm to our business regardless of whether we prevail in any particular matter.
- We could incur significant costs related to environmental conditions, liabilities, and regulations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| REXR | Rexford Industrial Realty, Inc. | USD 36.28 | ▼ 1.41% |
| CUBE | CubeSmart | USD 40.15 | ▲ 3.05% |
| FR | First Industrial Realty Trust, | USD 55.29 | ▼ 6.92% |
| STAG | Stag Industrial, Inc. | USD 36.51 | ▲ 0.14% |
| TRNO | Terreno Realty Corporation | USD 65.64 | ▲ 0.12% |
| EGP | EastGroup Properties, Inc. | USD 202.7 | ▼ 0.3% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:06 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt