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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) 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 $1.2B, roughly 1.0× Grocery Outlet Holding Corp.). Public Storage runs the higher net margin — 41.7% vs -18.5%, a 60.2% gap on every dollar of revenue. On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs 3.3%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% CAGR vs 2.5%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
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.
GO vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $-224.9M | $507.1M |
| Gross Margin | 29.7% | — |
| Operating Margin | — | 40.7% |
| Net Margin | -18.5% | 41.7% |
| Revenue YoY | 10.7% | 3.3% |
| Net Profit YoY | -669.9% | -17.5% |
| EPS (diluted) | $-2.22 | $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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $507.1M | ||
| Q3 25 | $11.6M | $511.1M | ||
| Q2 25 | $5.0M | $358.4M | ||
| Q1 25 | $-23.3M | $407.8M | ||
| Q4 24 | $2.3M | $614.6M | ||
| Q3 24 | $24.2M | $430.3M | ||
| Q2 24 | $14.0M | $518.1M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 30.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | 2.0% | 42.3% | ||
| Q2 25 | 1.1% | 30.4% | ||
| Q1 25 | -2.0% | 34.8% | ||
| Q4 24 | 1.0% | 52.4% | ||
| Q3 24 | 3.6% | 36.7% | ||
| Q2 24 | 2.3% | 44.6% |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 41.7% | ||
| Q3 25 | 1.0% | 41.8% | ||
| Q2 25 | 0.4% | 29.8% | ||
| Q1 25 | -2.1% | 34.5% | ||
| Q4 24 | 0.2% | 52.2% | ||
| Q3 24 | 2.2% | 36.2% | ||
| Q2 24 | 1.2% | 44.2% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $2.59 | ||
| Q3 25 | $0.12 | $2.62 | ||
| Q2 25 | $0.05 | $1.76 | ||
| Q1 25 | $-0.24 | $2.04 | ||
| Q4 24 | $0.03 | $3.22 | ||
| Q3 24 | $0.24 | $2.16 | ||
| Q2 24 | $0.14 | $2.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.6M | $318.1M |
| Total DebtLower is stronger | $15.0M | $10.3B |
| Stockholders' EquityBook value | $983.7M | $9.2B |
| Total Assets | $3.1B | $20.2B |
| Debt / EquityLower = less leverage | 0.02× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $318.1M | ||
| Q3 25 | $52.1M | $296.5M | ||
| Q2 25 | $55.2M | $1.1B | ||
| Q1 25 | $50.9M | $287.2M | ||
| Q4 24 | $62.8M | $447.4M | ||
| Q3 24 | $68.7M | $599.0M | ||
| Q2 24 | $67.1M | $542.3M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $10.3B | ||
| Q3 25 | $500.3M | $10.0B | ||
| Q2 25 | $473.9M | $10.4B | ||
| Q1 25 | $475.7M | $9.4B | ||
| Q4 24 | $477.5M | $9.4B | ||
| Q3 24 | $429.3M | $9.5B | ||
| Q2 24 | $379.2M | $9.4B |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $9.2B | ||
| Q3 25 | $1.2B | $9.3B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.2B | $9.6B | ||
| Q4 24 | $1.2B | $9.7B | ||
| Q3 24 | $1.2B | $9.6B | ||
| Q2 24 | $1.2B | $9.7B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $20.2B | ||
| Q3 25 | $3.4B | $20.1B | ||
| Q2 25 | $3.3B | $20.5B | ||
| Q1 25 | $3.3B | $19.6B | ||
| Q4 24 | $3.2B | $19.8B | ||
| Q3 24 | $3.1B | $19.8B | ||
| Q2 24 | $3.1B | $19.8B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | 0.42× | 1.08× | ||
| Q2 25 | 0.40× | 1.11× | ||
| Q1 25 | 0.40× | 0.99× | ||
| Q4 24 | 0.40× | 0.96× | ||
| Q3 24 | 0.35× | 0.99× | ||
| Q2 24 | 0.31× | 0.97× |
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 | $222.1M | $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.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $733.6M | ||
| Q3 25 | $17.3M | $875.1M | ||
| Q2 25 | $73.6M | $872.7M | ||
| Q1 25 | $58.9M | $705.1M | ||
| Q4 24 | $39.5M | $768.6M | ||
| Q3 24 | $23.0M | $798.8M | ||
| Q2 24 | $41.6M | $895.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-21.6M | — | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-19.6M | — | ||
| Q3 24 | $-19.3M | — | ||
| Q2 24 | $2.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.8% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.45× | ||
| Q3 25 | 1.49× | 1.71× | ||
| Q2 25 | 14.84× | 2.43× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | 17.09× | 1.25× | ||
| Q3 24 | 0.95× | 1.86× | ||
| Q2 24 | 2.97× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
