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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) 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 $705.6M, roughly 1.7× Boot Barn Holdings, Inc.). Public Storage runs the higher net margin — 41.7% vs 12.2%, a 29.5% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs 3.3%). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% CAGR vs 2.5%).

Henry Boot plc is a British property development business based in Sheffield, England. It was floated on the London Stock Exchange in 1919, becoming the first quoted housebuilder. Between the wars, Henry Boot built more houses than any other company. The company remains a significant construction and property management company operating in the UK.

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.

BOOT vs PSA — Head-to-Head

Bigger by revenue
PSA
PSA
1.7× larger
PSA
$1.2B
$705.6M
BOOT
Growing faster (revenue YoY)
BOOT
BOOT
+12.8% gap
BOOT
16.0%
3.3%
PSA
Higher net margin
PSA
PSA
29.5% more per $
PSA
41.7%
12.2%
BOOT
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
2.5%
PSA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BOOT
BOOT
PSA
PSA
Revenue
$705.6M
$1.2B
Net Profit
$85.8M
$507.1M
Gross Margin
39.9%
Operating Margin
16.3%
40.7%
Net Margin
12.2%
41.7%
Revenue YoY
16.0%
3.3%
Net Profit YoY
14.3%
-17.5%
EPS (diluted)
$2.79
$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.

Revenue
BOOT
BOOT
PSA
PSA
Q4 25
$705.6M
$1.2B
Q3 25
$505.4M
$1.2B
Q2 25
$504.1M
$1.2B
Q1 25
$453.7M
$1.2B
Q4 24
$608.2M
$1.2B
Q3 24
$425.8M
$1.2B
Q2 24
$423.4M
$1.2B
Q1 24
$388.5M
$1.2B
Net Profit
BOOT
BOOT
PSA
PSA
Q4 25
$85.8M
$507.1M
Q3 25
$42.2M
$511.1M
Q2 25
$53.4M
$358.4M
Q1 25
$37.5M
$407.8M
Q4 24
$75.1M
$614.6M
Q3 24
$29.4M
$430.3M
Q2 24
$38.9M
$518.1M
Q1 24
$29.4M
$508.9M
Gross Margin
BOOT
BOOT
PSA
PSA
Q4 25
39.9%
Q3 25
36.4%
Q2 25
39.1%
Q1 25
37.1%
Q4 24
39.3%
Q3 24
35.9%
Q2 24
37.0%
Q1 24
35.9%
Operating Margin
BOOT
BOOT
PSA
PSA
Q4 25
16.3%
40.7%
Q3 25
11.2%
42.3%
Q2 25
14.0%
30.4%
Q1 25
11.0%
34.8%
Q4 24
16.4%
52.4%
Q3 24
9.4%
36.7%
Q2 24
11.9%
44.6%
Q1 24
9.8%
44.3%
Net Margin
BOOT
BOOT
PSA
PSA
Q4 25
12.2%
41.7%
Q3 25
8.4%
41.8%
Q2 25
10.6%
29.8%
Q1 25
8.3%
34.5%
Q4 24
12.3%
52.2%
Q3 24
6.9%
36.2%
Q2 24
9.2%
44.2%
Q1 24
7.6%
44.0%
EPS (diluted)
BOOT
BOOT
PSA
PSA
Q4 25
$2.79
$2.59
Q3 25
$1.37
$2.62
Q2 25
$1.74
$1.76
Q1 25
$1.24
$2.04
Q4 24
$2.43
$3.22
Q3 24
$0.95
$2.16
Q2 24
$1.26
$2.66
Q1 24
$0.96
$2.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOOT
BOOT
PSA
PSA
Cash + ST InvestmentsLiquidity on hand
$200.1M
$318.1M
Total DebtLower is stronger
$10.3B
Stockholders' EquityBook value
$1.3B
$9.2B
Total Assets
$2.4B
$20.2B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
PSA
PSA
Q4 25
$200.1M
$318.1M
Q3 25
$64.7M
$296.5M
Q2 25
$95.3M
$1.1B
Q1 25
$69.8M
$287.2M
Q4 24
$152.9M
$447.4M
Q3 24
$37.4M
$599.0M
Q2 24
$83.4M
$542.3M
Q1 24
$75.8M
$271.6M
Total Debt
BOOT
BOOT
PSA
PSA
Q4 25
$10.3B
Q3 25
$10.0B
Q2 25
$10.4B
Q1 25
$9.4B
Q4 24
$9.4B
Q3 24
$9.5B
Q2 24
$9.4B
Q1 24
$9.1B
Stockholders' Equity
BOOT
BOOT
PSA
PSA
Q4 25
$1.3B
$9.2B
Q3 25
$1.2B
$9.3B
Q2 25
$1.2B
$9.4B
Q1 25
$1.1B
$9.6B
Q4 24
$1.1B
$9.7B
Q3 24
$1.0B
$9.6B
Q2 24
$981.8M
$9.7B
Q1 24
$943.6M
$9.9B
Total Assets
BOOT
BOOT
PSA
PSA
Q4 25
$2.4B
$20.2B
Q3 25
$2.3B
$20.1B
Q2 25
$2.1B
$20.5B
Q1 25
$2.0B
$19.6B
Q4 24
$2.0B
$19.8B
Q3 24
$1.9B
$19.8B
Q2 24
$1.8B
$19.8B
Q1 24
$1.7B
$19.6B
Debt / Equity
BOOT
BOOT
PSA
PSA
Q4 25
1.11×
Q3 25
1.08×
Q2 25
1.11×
Q1 25
0.99×
Q4 24
0.96×
Q3 24
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
BOOT
BOOT
PSA
PSA
Operating Cash FlowLast quarter
$209.7M
$733.6M
Free Cash FlowOCF − Capex
$148.0M
FCF MarginFCF / Revenue
21.0%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
2.44×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
PSA
PSA
Q4 25
$209.7M
$733.6M
Q3 25
$25.7M
$875.1M
Q2 25
$73.8M
$872.7M
Q1 25
$-43.1M
$705.1M
Q4 24
$157.1M
$768.6M
Q3 24
$-7.8M
$798.8M
Q2 24
$41.3M
$895.3M
Q1 24
$665.6M
Free Cash Flow
BOOT
BOOT
PSA
PSA
Q4 25
$148.0M
Q3 25
$-17.5M
Q2 25
$42.4M
Q1 25
$-83.1M
Q4 24
$114.2M
Q3 24
$-46.1M
Q2 24
$14.2M
Q1 24
FCF Margin
BOOT
BOOT
PSA
PSA
Q4 25
21.0%
Q3 25
-3.5%
Q2 25
8.4%
Q1 25
-18.3%
Q4 24
18.8%
Q3 24
-10.8%
Q2 24
3.4%
Q1 24
Capex Intensity
BOOT
BOOT
PSA
PSA
Q4 25
8.7%
Q3 25
8.6%
Q2 25
6.2%
Q1 25
8.8%
Q4 24
7.1%
Q3 24
9.0%
Q2 24
6.4%
Q1 24
Cash Conversion
BOOT
BOOT
PSA
PSA
Q4 25
2.44×
1.45×
Q3 25
0.61×
1.71×
Q2 25
1.38×
2.43×
Q1 25
-1.15×
1.73×
Q4 24
2.09×
1.25×
Q3 24
-0.26×
1.86×
Q2 24
1.06×
1.73×
Q1 24
1.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

PSA
PSA

Self Storage Operations$1.1B93%
Ancillary Operations$86.9M7%

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