vs
Side-by-side financial comparison of Extra Space Storage (EXR) and Taylor Morrison Home Corp (TMHC). Click either name above to swap in a different company.
Taylor Morrison Home Corp is the larger business by last-quarter revenue ($1.4B vs $856.0M, roughly 1.6× Extra Space Storage). Extra Space Storage runs the higher net margin — 28.2% vs 7.1%, a 21.0% gap on every dollar of revenue. On growth, Extra Space Storage posted the faster year-over-year revenue change (4.4% vs -26.8%). Over the past eight quarters, Extra Space Storage's revenue compounded faster (2.8% CAGR vs -16.5%).
Extra Space Storage Inc. is an American real estate investment trust headquartered in Cottonwood Heights, Utah that invests in self storage facilities. The company rents storage units, including climate controlled units, drive-up units, lockers, boat storage, RV storage and business storage under the brands Extra Space Storage, Life Storage, and Storage Express. As of March 28, 2024 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.
Taylor Morrison is one of the largest home building companies in the United States. Its corporate headquarters are in Scottsdale, Arizona. The company formed when Taylor Woodrow and Morrison Homes joined forces in July 2007. Taylor Morrison operates in Arizona, California, Colorado, Georgia, Florida, North Carolina, South Carolina, Nevada, Indiana, and Texas, building mid-to-upscale housing, as well as first-time and mid-market homes.
EXR vs TMHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $856.0M | $1.4B |
| Net Profit | $241.0M | $98.6M |
| Gross Margin | — | 21.0% |
| Operating Margin | 42.9% | — |
| Net Margin | 28.2% | 7.1% |
| Revenue YoY | 4.4% | -26.8% |
| Net Profit YoY | -11.4% | -53.8% |
| EPS (diluted) | $1.14 | $1.12 |
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.
| Q1 26 | $856.0M | $1.4B | ||
| Q4 25 | $857.5M | $2.1B | ||
| Q3 25 | $858.5M | $2.1B | ||
| Q2 25 | $841.6M | $2.0B | ||
| Q1 25 | $820.0M | $1.9B | ||
| Q4 24 | $821.9M | $2.4B | ||
| Q3 24 | $824.8M | $2.1B | ||
| Q2 24 | $810.7M | $2.0B |
| Q1 26 | $241.0M | $98.6M | ||
| Q4 25 | $287.4M | $174.0M | ||
| Q3 25 | $166.0M | $201.4M | ||
| Q2 25 | $249.7M | $193.6M | ||
| Q1 25 | $270.9M | $213.5M | ||
| Q4 24 | $262.5M | $242.5M | ||
| Q3 24 | $193.2M | $251.1M | ||
| Q2 24 | $185.9M | $199.5M |
| Q1 26 | — | 21.0% | ||
| Q4 25 | 73.0% | 22.0% | ||
| Q3 25 | 72.6% | 22.7% | ||
| Q2 25 | 73.0% | 23.0% | ||
| Q1 25 | 72.7% | 24.4% | ||
| Q4 24 | 73.1% | 23.9% | ||
| Q3 24 | 74.7% | 25.0% | ||
| Q2 24 | 75.7% | 23.7% |
| Q1 26 | 42.9% | — | ||
| Q4 25 | 43.3% | — | ||
| Q3 25 | 32.5% | — | ||
| Q2 25 | 44.4% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 46.2% | — | ||
| Q3 24 | 36.7% | — | ||
| Q2 24 | 37.6% | — |
| Q1 26 | 28.2% | 7.1% | ||
| Q4 25 | 33.5% | 8.3% | ||
| Q3 25 | 19.3% | 9.6% | ||
| Q2 25 | 29.7% | 9.5% | ||
| Q1 25 | 33.0% | 11.3% | ||
| Q4 24 | 31.9% | 10.3% | ||
| Q3 24 | 23.4% | 11.8% | ||
| Q2 24 | 22.9% | 10.0% |
| Q1 26 | $1.14 | $1.12 | ||
| Q4 25 | $1.35 | $1.77 | ||
| Q3 25 | $0.78 | $2.01 | ||
| Q2 25 | $1.18 | $1.92 | ||
| Q1 25 | $1.28 | $2.07 | ||
| Q4 24 | $1.23 | $2.29 | ||
| Q3 24 | $0.91 | $2.37 | ||
| Q2 24 | $0.88 | $1.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.0M | $652.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $6.2B |
| Total Assets | $29.1B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $139.0M | $652.9M | ||
| Q4 25 | $138.9M | $850.0M | ||
| Q3 25 | $111.9M | $370.6M | ||
| Q2 25 | $125.0M | $130.2M | ||
| Q1 25 | $119.6M | $377.8M | ||
| Q4 24 | $138.2M | $487.2M | ||
| Q3 24 | $88.9M | $256.4M | ||
| Q2 24 | $77.0M | $246.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $6.2B | ||
| Q4 25 | $13.4B | $6.3B | ||
| Q3 25 | $13.6B | $6.2B | ||
| Q2 25 | $13.8B | $6.1B | ||
| Q1 25 | $13.9B | $6.0B | ||
| Q4 24 | $13.9B | $5.9B | ||
| Q3 24 | $14.0B | $5.7B | ||
| Q2 24 | $14.2B | $5.5B |
| Q1 26 | $29.1B | $9.8B | ||
| Q4 25 | $29.3B | $9.8B | ||
| Q3 25 | $29.2B | $9.6B | ||
| Q2 25 | $29.4B | $9.5B | ||
| Q1 25 | $29.0B | $9.4B | ||
| Q4 24 | $28.8B | $9.3B | ||
| Q3 24 | $28.1B | $9.3B | ||
| Q2 24 | $27.8B | $9.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXR
| Property rental | $733.2M | 86% |
| Tenant reinsurance | $89.1M | 10% |
| Management fees and other income | $33.7M | 4% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
