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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and Public Storage (PSA). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× Public Storage). Public Storage runs the higher net margin — 41.7% vs -9.6%, a 51.3% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -0.6%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs -1.3%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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.
HTZ vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $-194.0M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 40.7% |
| Net Margin | -9.6% | 41.7% |
| Revenue YoY | -0.6% | 3.3% |
| Net Profit YoY | 59.5% | -17.5% |
| EPS (diluted) | $-0.46 | $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 | $2.0B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
| Q4 25 | $-194.0M | $507.1M | ||
| Q3 25 | $184.0M | $511.1M | ||
| Q2 25 | $-294.0M | $358.4M | ||
| Q1 25 | $-443.0M | $407.8M | ||
| Q4 24 | $-479.0M | $614.6M | ||
| Q3 24 | $-1.3B | $430.3M | ||
| Q2 24 | $-865.0M | $518.1M | ||
| Q1 24 | $-186.0M | $508.9M |
| Q4 25 | -11.0% | 40.7% | ||
| Q3 25 | 9.4% | 42.3% | ||
| Q2 25 | -14.5% | 30.4% | ||
| Q1 25 | -29.0% | 34.8% | ||
| Q4 24 | -27.6% | 52.4% | ||
| Q3 24 | -62.9% | 36.7% | ||
| Q2 24 | -20.1% | 44.6% | ||
| Q1 24 | -27.9% | 44.3% |
| Q4 25 | -9.6% | 41.7% | ||
| Q3 25 | 7.4% | 41.8% | ||
| Q2 25 | -13.5% | 29.8% | ||
| Q1 25 | -24.4% | 34.5% | ||
| Q4 24 | -23.5% | 52.2% | ||
| Q3 24 | -51.7% | 36.2% | ||
| Q2 24 | -36.8% | 44.2% | ||
| Q1 24 | -8.9% | 44.0% |
| Q4 25 | $-0.46 | $2.59 | ||
| Q3 25 | $0.42 | $2.62 | ||
| Q2 25 | $-0.95 | $1.76 | ||
| Q1 25 | $-1.44 | $2.04 | ||
| Q4 24 | $-1.57 | $3.22 | ||
| Q3 24 | $-4.34 | $2.16 | ||
| Q2 24 | $-2.82 | $2.66 | ||
| Q1 24 | $-0.61 | $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 | $565.0M | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $-459.0M | $9.2B |
| Total Assets | $22.3B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $318.1M | ||
| Q3 25 | $1.1B | $296.5M | ||
| Q2 25 | $503.0M | $1.1B | ||
| Q1 25 | $626.0M | $287.2M | ||
| Q4 24 | $592.0M | $447.4M | ||
| Q3 24 | $501.0M | $599.0M | ||
| Q2 24 | $568.0M | $542.3M | ||
| Q1 24 | $465.0M | $271.6M |
| 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 |
| Q4 25 | $-459.0M | $9.2B | ||
| Q3 25 | $-317.0M | $9.3B | ||
| Q2 25 | $-504.0M | $9.4B | ||
| Q1 25 | $-262.0M | $9.6B | ||
| Q4 24 | $153.0M | $9.7B | ||
| Q3 24 | $681.0M | $9.6B | ||
| Q2 24 | $2.0B | $9.7B | ||
| Q1 24 | $2.8B | $9.9B |
| Q4 25 | $22.3B | $20.2B | ||
| Q3 25 | $23.0B | $20.1B | ||
| Q2 25 | $23.1B | $20.5B | ||
| Q1 25 | $22.0B | $19.6B | ||
| Q4 24 | $21.8B | $19.8B | ||
| Q3 24 | $23.0B | $19.8B | ||
| Q2 24 | $25.2B | $19.8B | ||
| Q1 24 | $24.3B | $19.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $193.0M | $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 | $193.0M | $733.6M | ||
| Q3 25 | $835.0M | $875.1M | ||
| Q2 25 | $346.0M | $872.7M | ||
| Q1 25 | $251.0M | $705.1M | ||
| Q4 24 | $414.0M | $768.6M | ||
| Q3 24 | $894.0M | $798.8M | ||
| Q2 24 | $546.0M | $895.3M | ||
| Q1 24 | $370.0M | $665.6M |
| Q4 25 | — | 1.45× | ||
| Q3 25 | 4.54× | 1.71× | ||
| Q2 25 | — | 2.43× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
