CluenexLineage, Inc. LINE
Lineage, Inc. scores weak on business quality (2.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Lineage, Inc. does
Lineage operates temperature-controlled warehouses, renting cold storage space to food producers, retailers, and distributors globally to preserve perishable goods. The business is navigating a tighter credit environment as Fitch recently lowered its credit rating to BBB.
- What it does best
Lineage operates temperature-controlled storage at scale, generating a gross margin of 32% that trails peer PLD at 74% due to the heavy energy and operational costs required to maintain sub-zero environments across its global facility network.
- The main risk
Fitch recently downgraded its credit rating to BBB, increasing borrowing costs against a heavy net debt load of $7.3B that strains interest coverage of just 0.65x.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 4.3% and ROE is -2.1%, showing severe drag from heavy capital intensity that prevents scalable profit conversion.
Scale across temperature-controlled logistics locks in enterprise food producers, though a gross margin in the bottom decile of its sector at 7% limits the moat's economic power.
Revenue ticked up 0.3% to $5.4B, crawling far below the sector median and reflecting a near-stalled top-line expansion engine compared to historical growth.
With total debt of $7.4B and interest coverage at 0.65x, debt servicing consumes operating cash flow of $987M, leaving free cash flow at $244M while the balance sheet softens.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
2 insiders bought $1.8M on the open market.
Our sealed record on LINE
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Lineage, Inc. scores weak on the Cluenex quality check (2.7 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: 2 insiders bought $1.8M on the open market.
Nov 3, 2026.
See LINE today
- Today's verdict on LINE, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Lineage, Inc. (LINE)”, https://cluenex.com/stocks/line/, data as of Oct 10, 2026.