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EXR (Extra Space Storage Inc.) Stock Financials & Earnings | Market Cap Arena
EXR
Extra Space Storage Inc.
Mkt Cap
$31B
Real Estate
·
REIT - Industrial
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$3.4B
Net Income (TTM)
$974M
EPS (TTM)
$4.54
Free Cash Flow (TTM)
$1.8B
Gross Margin
28.4%
Op. Margin
44.1%
Net Margin
28.8%
FCF Margin
54.6%
P/S Ratio (TTM)
9.2x
P/E Ratio (TTM)
31.9x
YoY Rev Growth
+1.2%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$513M
$387M
$264M
Q2 23
$525M
$401M
$273M
Q3 23
$763M
$559M
$300M
Q4 23
$814M
$675M
$333M
Q1 24
$815M
$608M
$336M
Q2 24
$828M
$611M
$305M
Q3 24
$855M
$628M
$303M
Q4 24
$841M
$716M
$380M
Q1 25
$840M
$614M
$389M
Q2 25
$842M
$597M
$374M
Q3 25
$778M
$307M
$279M
Q4 25
$918M
-$559M
$447M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
15.3x
36.5x
Q2 23
15.0x
37.8x
Q3 23
13.4x
39.3x
Q4 23
11.9x
38.7x
Q1 24
10.7x
37.9x
Q2 24
9.7x
38.7x
Q3 24
9.4x
38.5x
Q4 24
9.3x
36.4x
Q1 25
9.2x
34.1x
Q2 25
9.2x
31.9x
Q3 25
9.4x
32.6x
Q4 25
9.2x
31.9x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$282M
$278M
Q2 23
$348M
$346M
Q3 23
$408M
$405M
Q4 23
$365M
$358M
Q1 24
$466M
$459M
Q2 24
$545M
$542M
Q3 24
$468M
$462M
Q4 24
$408M
$403M
Q1 25
$481M
$477M
Q2 25
$544M
$540M
Q3 25
$457M
$466M
Q4 25
$368M
$362M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$4M
Q2 23
$2M
Q3 23
$4M
Q4 23
$6M
Q1 24
$7M
Q2 24
$3M
Q3 24
$6M
Q4 24
$5M
Q1 25
$4M
Q2 25
$4M
Q3 25
$8M
Q4 25
$5M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+13.4%
+14.9%
Q2 23
+8.1%
+19.9%
Q3 23
+49.6%
+92.9%
Q4 23
+57.2%
+93.7%
Q1 24
+58.7%
+91.6%
Q2 24
+57.8%
+108.2%
Q3 24
+12.0%
+19.2%
Q4 24
+3.3%
-4.1%
Q1 25
+3.1%
-5.7%
Q2 25
+1.7%
-10.6%
Q3 25
-9.0%
-9.7%
Q4 25
+9.3%
+2.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$5M
1.1%
Q2 23
$7M
1.3%
Q3 23
$7M
0.9%
Q4 23
$7M
0.9%
Q1 24
$6M
0.7%
Q2 24
$280K
0.0%
Q3 24
$8M
1.0%
Q4 24
$8M
1.0%
Q1 25
$7M
0.9%
Q2 25
$9M
1.0%
Q3 25
$7M
0.9%
Q4 25
$13M
1.4%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
$35M
—
Q2 23
$35M
—
Q3 23
$37M
—
Q4 23
$39M
$77M
Q1 24
$44M
$17M
Q2 24
$40M
—
Q3 24
$40M
—
Q4 24
$44M
$115M
Q1 25
$46M
$15M
Q2 25
$45M
—
Q3 25
$43M
—
Q4 25
$52M
—
marketcaparena.com
Revenue Segments
Self Storage Operations
Tenant Reinsurance
Quarter
Self Storage Operations
Tenant Reinsurance
Q2 25
$721M
$89M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$48M
$0
$48M
Q2 23
$51M
$0
$51M
Q3 23
$216M
$0
$216M
Q4 23
$99M
$0
$99M
Q1 24
$51M
$0
$51M
Q2 24
$77M
$0
$77M
Q3 24
$89M
$0
$89M
Q4 24
$138M
$0
$138M
Q1 25
$120M
$0
$120M
Q2 25
$125M
$0
$125M
Q3 25
$112M
$0
$112M
Q4 25
$139M
$0
$139M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
143M
-0.3%
Q2 23
144M
+0.4%
Q3 23
195M
+36.1%
Q4 23
220M
+12.6%
Q1 24
220M
+0.0%
Q2 24
212M
-3.8%
Q3 24
220M
+4.1%
Q4 24
212M
-3.9%
Q1 25
212M
+0.1%
Q2 25
212M
-0.1%
Q3 25
212M
+0.0%
Q4 25
221M
+4.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$249K
3K
FY 15
$248K
3K
FY 16
$306K
3K
FY 17
$331K
3K
FY 18
$334K
4K
FY 19
$326K
4K
FY 20
$344K
4K
FY 21
$374K
4K
FY 22
$411K
5K
FY 23
$343K
8K
FY 24
$417K
8K
FY 25
$402K
8K
marketcaparena.com