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Side-by-side financial comparison of EnerSys (ENS) 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 $919.1M, roughly 1.3× EnerSys). Public Storage runs the higher net margin — 41.7% vs 9.8%, a 31.9% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs 1.4%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs 0.5%).
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
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.
ENS vs PSA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.2B |
| Net Profit | $90.4M | $507.1M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | 40.7% |
| Net Margin | 9.8% | 41.7% |
| Revenue YoY | 1.4% | 3.3% |
| Net Profit YoY | -21.3% | -17.5% |
| EPS (diluted) | $2.40 | $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 | $919.1M | $1.2B | ||
| Q3 25 | $951.3M | $1.2B | ||
| Q2 25 | $893.0M | $1.2B | ||
| Q1 25 | $974.8M | $1.2B | ||
| Q4 24 | $906.2M | $1.2B | ||
| Q3 24 | $883.7M | $1.2B | ||
| Q2 24 | $852.9M | $1.2B | ||
| Q1 24 | $910.7M | $1.2B |
| Q4 25 | $90.4M | $507.1M | ||
| Q3 25 | $68.4M | $511.1M | ||
| Q2 25 | $57.5M | $358.4M | ||
| Q1 25 | $96.5M | $407.8M | ||
| Q4 24 | $114.8M | $614.6M | ||
| Q3 24 | $82.3M | $430.3M | ||
| Q2 24 | $70.1M | $518.1M | ||
| Q1 24 | $60.9M | $508.9M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.9% | — |
| Q4 25 | 13.5% | 40.7% | ||
| Q3 25 | 9.7% | 42.3% | ||
| Q2 25 | 9.7% | 30.4% | ||
| Q1 25 | 13.5% | 34.8% | ||
| Q4 24 | 15.7% | 52.4% | ||
| Q3 24 | 11.2% | 36.7% | ||
| Q2 24 | 10.7% | 44.6% | ||
| Q1 24 | 8.9% | 44.3% |
| Q4 25 | 9.8% | 41.7% | ||
| Q3 25 | 7.2% | 41.8% | ||
| Q2 25 | 6.4% | 29.8% | ||
| Q1 25 | 9.9% | 34.5% | ||
| Q4 24 | 12.7% | 52.2% | ||
| Q3 24 | 9.3% | 36.2% | ||
| Q2 24 | 8.2% | 44.2% | ||
| Q1 24 | 6.7% | 44.0% |
| Q4 25 | $2.40 | $2.59 | ||
| Q3 25 | $1.80 | $2.62 | ||
| Q2 25 | $1.46 | $1.76 | ||
| Q1 25 | $2.39 | $2.04 | ||
| Q4 24 | $2.88 | $3.22 | ||
| Q3 24 | $2.01 | $2.16 | ||
| Q2 24 | $1.71 | $2.66 | ||
| Q1 24 | $1.48 | $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 | $450.1M | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $1.9B | $9.2B |
| Total Assets | $4.0B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $318.1M | ||
| Q3 25 | $388.6M | $296.5M | ||
| Q2 25 | $346.7M | $1.1B | ||
| Q1 25 | $343.1M | $287.2M | ||
| Q4 24 | $463.2M | $447.4M | ||
| Q3 24 | $407.9M | $599.0M | ||
| Q2 24 | $344.1M | $542.3M | ||
| Q1 24 | $333.3M | $271.6M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | $1.1B | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | $802.0M | $9.1B |
| Q4 25 | $1.9B | $9.2B | ||
| Q3 25 | $1.9B | $9.3B | ||
| Q2 25 | $1.9B | $9.4B | ||
| Q1 25 | $1.9B | $9.6B | ||
| Q4 24 | $1.8B | $9.7B | ||
| Q3 24 | $1.8B | $9.6B | ||
| Q2 24 | $1.8B | $9.7B | ||
| Q1 24 | $1.8B | $9.9B |
| Q4 25 | $4.0B | $20.2B | ||
| Q3 25 | $4.1B | $20.1B | ||
| Q2 25 | $4.1B | $20.5B | ||
| Q1 25 | $4.0B | $19.6B | ||
| Q4 24 | $4.0B | $19.8B | ||
| Q3 24 | $4.0B | $19.8B | ||
| Q2 24 | $3.6B | $19.8B | ||
| Q1 24 | $3.5B | $19.6B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | 0.57× | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | 0.46× | 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 | $184.6M | $733.6M |
| Free Cash FlowOCF − Capex | $171.3M | — |
| FCF MarginFCF / Revenue | 18.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | 2.04× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $733.6M | ||
| Q3 25 | $218.0M | $875.1M | ||
| Q2 25 | $968.0K | $872.7M | ||
| Q1 25 | $135.2M | $705.1M | ||
| Q4 24 | $81.1M | $768.6M | ||
| Q3 24 | $33.6M | $798.8M | ||
| Q2 24 | $10.4M | $895.3M | ||
| Q1 24 | — | $665.6M |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $197.1M | — | ||
| Q2 25 | $-32.1M | — | ||
| Q1 25 | $104.9M | — | ||
| Q4 24 | $56.8M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $-25.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | -3.6% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | -3.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.04× | 1.45× | ||
| Q3 25 | 3.19× | 1.71× | ||
| Q2 25 | 0.02× | 2.43× | ||
| Q1 25 | 1.40× | 1.73× | ||
| Q4 24 | 0.71× | 1.25× | ||
| Q3 24 | 0.41× | 1.86× | ||
| Q2 24 | 0.15× | 1.73× | ||
| Q1 24 | — | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
