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PSA (Public Storage) Stock Financials & Earnings | Market Cap Arena
PSA
Public Storage
Mkt Cap
$54B
Real Estate
·
REIT - Industrial
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$4.8B
Net Income (TTM)
$1.8B
EPS (TTM)
$9.02
Free Cash Flow (TTM)
$3.1B
Gross Margin
60.5%
Op. Margin
52.6%
Net Margin
37.0%
FCF Margin
64.0%
P/S Ratio (TTM)
11.3x
P/E Ratio (TTM)
30.5x
YoY Rev Growth
+2.7%
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
$1.1B
$806M
$567M
Q2 23
$1.1B
$840M
$598M
Q3 23
$1.1B
$855M
$595M
Q4 23
$1.2B
$869M
$580M
Q1 24
$1.2B
$833M
$526M
Q2 24
$1.2B
$872M
$562M
Q3 24
$1.2B
$866M
$560M
Q4 24
$1.2B
$867M
$553M
Q1 25
$1.2B
$851M
$543M
Q2 25
$1.2B
$883M
$575M
Q3 25
$1.2B
$893M
$864M
Q4 25
$1.2B
$292M
$557M
marketcaparena.com
Revenue Breakdown
PSA
Public Storage
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
12.7x
12.5x
Q2 23
12.4x
12.7x
Q3 23
12.2x
25.7x
Q4 23
12.1x
25.3x
Q1 24
11.9x
25.4x
Q2 24
11.7x
26.2x
Q3 24
11.6x
28.7x
Q4 24
11.6x
26.3x
Q1 25
11.5x
27.6x
Q2 25
11.5x
30.1x
Q3 25
11.4x
28.8x
Q4 25
11.3x
30.5x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$697M
$600M
Q2 23
$882M
$781M
Q3 23
$876M
$751M
Q4 23
$792M
$654M
Q1 24
$666M
$561M
Q2 24
$895M
$793M
Q3 24
$799M
$688M
Q4 24
$769M
$665M
Q1 25
$705M
$647M
Q2 25
$873M
$817M
Q3 25
$875M
$988M
Q4 25
$734M
$634M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$97M
Q2 23
$102M
Q3 23
$125M
Q4 23
$138M
Q1 24
$104M
Q2 24
$102M
Q3 24
$110M
Q4 24
$103M
Q1 25
$58M
Q2 25
$55M
Q3 25
$113M
Q4 25
$100M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+12.4%
+4.1%
Q2 23
+8.5%
+3.8%
Q3 23
+5.1%
+4.0%
Q4 23
+6.6%
+11.5%
Q1 24
+5.8%
+19.8%
Q2 24
+4.8%
+17.1%
Q3 24
+3.8%
+14.6%
Q4 24
+1.5%
+7.7%
Q1 25
+2.2%
+1.4%
Q2 25
+2.4%
+2.5%
Q3 25
+3.1%
-42.8%
Q4 25
+3.3%
+5.6%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$10M
0.9%
Q2 23
$12M
1.1%
Q3 23
$10M
0.8%
Q4 23
$10M
0.9%
Q1 24
$10M
0.9%
Q2 24
$11M
0.9%
Q3 24
$11M
0.9%
Q4 24
$13M
1.1%
Q1 25
$10M
0.9%
Q2 25
$11M
0.9%
Q3 25
$9M
0.8%
Q4 25
$10M
0.8%
marketcaparena.com
OpEx Breakdown
R&D
G&A
Quarter
R&D
G&A
Q1 23
$5M
$17M
Q2 23
$3M
$20M
Q3 23
$5M
$21M
Q4 23
—
$23M
Q1 24
—
$21M
Q2 24
—
$27M
Q3 24
—
$26M
Q4 24
—
$33M
Q1 25
—
$25M
Q2 25
—
$25M
Q3 25
—
$29M
Q4 25
—
$27M
marketcaparena.com
Revenue Segments
Ancillary Operations
Self Storage Operations
Quarter
Ancillary Operations
Self Storage Operations
Q1 23
$62M
$1.0B
Q2 23
$64M
$1.1B
Q3 23
$65M
$1.1B
Q4 23
$67M
$1.1B
Q1 24
$71M
$1.1B
Q2 24
$73M
$1.1B
Q3 24
$78M
$1.1B
Q2 25
$82M
$1.1B
Q3 25
$85M
$1.1B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$695M
$0
$695M
Q2 23
$652M
$0
$652M
Q3 23
$630M
$0
$630M
Q4 23
$370M
$0
$370M
Q1 24
$272M
$0
$272M
Q2 24
$542M
$0
$542M
Q3 24
$599M
$0
$599M
Q4 24
$447M
$0
$447M
Q1 25
$287M
$0
$287M
Q2 25
$1.1B
$0
$1.1B
Q3 25
$296M
$0
$296M
Q4 25
$318M
$0
$318M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
176M
+0.0%
Q2 23
176M
-0.0%
Q3 23
176M
-0.0%
Q4 23
176M
-0.3%
Q1 24
176M
+0.4%
Q2 24
176M
-0.2%
Q3 24
176M
-0.1%
Q4 24
176M
+0.0%
Q1 25
176M
+0.0%
Q2 25
176M
-0.0%
Q3 25
176M
-0.0%
Q4 25
176M
-0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$411K
5K
FY 15
$449K
5K
FY 16
$466K
6K
FY 17
$485K
6K
FY 18
$493K
6K
FY 19
$484K
6K
FY 20
$540K
5K
FY 21
$589K
6K
FY 22
$709K
6K
FY 23
$729K
6K
FY 24
$796K
6K
FY 25
$836K
6K
marketcaparena.com