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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $975.0M, roughly 1.2× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs 3.3%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
BFH vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.2B |
| Net Profit | — | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 40.7% |
| Net Margin | — | 41.7% |
| Revenue YoY | 5.4% | 3.3% |
| Net Profit YoY | — | -17.5% |
| EPS (diluted) | $1.21 | $2.59 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $975.0M | $1.2B | ||
| Q3 25 | $971.0M | $1.2B | ||
| Q2 25 | $929.0M | $1.2B | ||
| Q1 25 | $970.0M | $1.2B | ||
| Q4 24 | $925.0M | $1.2B | ||
| Q3 24 | $983.0M | $1.2B | ||
| Q2 24 | $939.0M | $1.2B | ||
| Q1 24 | $991.0M | $1.2B |
| Q4 25 | — | $507.1M | ||
| Q3 25 | $188.0M | $511.1M | ||
| Q2 25 | $139.0M | $358.4M | ||
| Q1 25 | $138.0M | $407.8M | ||
| Q4 24 | — | $614.6M | ||
| Q3 24 | $2.0M | $430.3M | ||
| Q2 24 | $133.0M | $518.1M | ||
| Q1 24 | $134.0M | $508.9M |
| Q4 25 | 4.9% | 40.7% | ||
| Q3 25 | 20.2% | 42.3% | ||
| Q2 25 | 18.7% | 30.4% | ||
| Q1 25 | 20.3% | 34.8% | ||
| Q4 24 | -2.9% | 52.4% | ||
| Q3 24 | 4.1% | 36.7% | ||
| Q2 24 | 19.2% | 44.6% | ||
| Q1 24 | 19.0% | 44.3% |
| Q4 25 | — | 41.7% | ||
| Q3 25 | 19.4% | 41.8% | ||
| Q2 25 | 15.0% | 29.8% | ||
| Q1 25 | 14.2% | 34.5% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | 0.2% | 36.2% | ||
| Q2 24 | 14.2% | 44.2% | ||
| Q1 24 | 13.5% | 44.0% |
| Q4 25 | $1.21 | $2.59 | ||
| Q3 25 | $3.96 | $2.62 | ||
| Q2 25 | $2.94 | $1.76 | ||
| Q1 25 | $2.78 | $2.04 | ||
| Q4 24 | $0.08 | $3.22 | ||
| Q3 24 | $0.05 | $2.16 | ||
| Q2 24 | $2.66 | $2.66 | ||
| Q1 24 | $2.70 | $2.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $318.1M |
| Total DebtLower is stronger | $4.3B | $10.3B |
| Stockholders' EquityBook value | $3.3B | $9.2B |
| Total Assets | $22.7B | $20.2B |
| Debt / EquityLower = less leverage | 1.29× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $318.1M | ||
| Q3 25 | $3.8B | $296.5M | ||
| Q2 25 | $3.8B | $1.1B | ||
| Q1 25 | $4.2B | $287.2M | ||
| Q4 24 | $4.0B | $447.4M | ||
| Q3 24 | $3.5B | $599.0M | ||
| Q2 24 | $4.1B | $542.3M | ||
| Q1 24 | $3.8B | $271.6M |
| Q4 25 | $4.3B | $10.3B | ||
| Q3 25 | $3.8B | $10.0B | ||
| Q2 25 | $4.2B | $10.4B | ||
| Q1 25 | $5.1B | $9.4B | ||
| Q4 24 | $5.6B | $9.4B | ||
| Q3 24 | $4.6B | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $3.3B | $9.2B | ||
| Q3 25 | $3.3B | $9.3B | ||
| Q2 25 | $3.2B | $9.4B | ||
| Q1 25 | $3.1B | $9.6B | ||
| Q4 24 | $3.1B | $9.7B | ||
| Q3 24 | $3.1B | $9.6B | ||
| Q2 24 | $3.2B | $9.7B | ||
| Q1 24 | $3.0B | $9.9B |
| Q4 25 | $22.7B | $20.2B | ||
| Q3 25 | $21.7B | $20.1B | ||
| Q2 25 | $21.8B | $20.5B | ||
| Q1 25 | $22.4B | $19.6B | ||
| Q4 24 | $22.9B | $19.8B | ||
| Q3 24 | $21.7B | $19.8B | ||
| Q2 24 | $22.1B | $19.8B | ||
| Q1 24 | $22.3B | $19.6B |
| Q4 25 | 1.29× | 1.11× | ||
| Q3 25 | 1.14× | 1.08× | ||
| Q2 25 | 1.34× | 1.11× | ||
| Q1 25 | 1.67× | 0.99× | ||
| Q4 24 | 1.82× | 0.96× | ||
| Q3 24 | 1.47× | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $568.0M | $733.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $733.6M | ||
| Q3 25 | $605.0M | $875.1M | ||
| Q2 25 | $526.0M | $872.7M | ||
| Q1 25 | $393.0M | $705.1M | ||
| Q4 24 | $479.0M | $768.6M | ||
| Q3 24 | $456.0M | $798.8M | ||
| Q2 24 | $477.0M | $895.3M | ||
| Q1 24 | $447.0M | $665.6M |
| Q4 25 | — | 1.45× | ||
| Q3 25 | 3.22× | 1.71× | ||
| Q2 25 | 3.78× | 2.43× | ||
| Q1 25 | 2.85× | 1.73× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | 228.00× | 1.86× | ||
| Q2 24 | 3.59× | 1.73× | ||
| Q1 24 | 3.34× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
