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Side-by-side financial comparison of Lineage, Inc. (LINE) and Public Storage (PSA). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Public Storage). Public Storage runs the higher net margin — 41.7% vs -7.3%, a 49.0% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs 3.1%).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs PSA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $-100.0M | $507.1M |
| Gross Margin | 32.3% | — |
| Operating Margin | 2.5% | 40.7% |
| Net Margin | -7.3% | 41.7% |
| Revenue YoY | 3.1% | 3.3% |
| Net Profit YoY | 79.4% | -17.5% |
| EPS (diluted) | $-0.44 | $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 | — | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
| Q4 25 | — | $507.1M | ||
| Q3 25 | $-100.0M | $511.1M | ||
| Q2 25 | $-6.0M | $358.4M | ||
| Q1 25 | $0 | $407.8M | ||
| Q4 24 | $-71.0M | $614.6M | ||
| Q3 24 | $-485.0M | $430.3M | ||
| Q2 24 | $-68.0M | $518.1M | ||
| Q1 24 | $-40.0M | $508.9M |
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
| Q4 25 | — | 40.7% | ||
| Q3 25 | 2.5% | 42.3% | ||
| Q2 25 | 1.7% | 30.4% | ||
| Q1 25 | 4.3% | 34.8% | ||
| Q4 24 | -1.6% | 52.4% | ||
| Q3 24 | -38.6% | 36.7% | ||
| Q2 24 | 5.5% | 44.6% | ||
| Q1 24 | 7.6% | 44.3% |
| Q4 25 | — | 41.7% | ||
| Q3 25 | -7.3% | 41.8% | ||
| Q2 25 | -0.4% | 29.8% | ||
| Q1 25 | — | 34.5% | ||
| Q4 24 | -5.3% | 52.2% | ||
| Q3 24 | -36.3% | 36.2% | ||
| Q2 24 | -5.1% | 44.2% | ||
| Q1 24 | -3.0% | 44.0% |
| Q4 25 | — | $2.59 | ||
| Q3 25 | $-0.44 | $2.62 | ||
| Q2 25 | $-0.03 | $1.76 | ||
| Q1 25 | $0.01 | $2.04 | ||
| Q4 24 | $-0.52 | $3.22 | ||
| Q3 24 | $-2.44 | $2.16 | ||
| Q2 24 | $-0.46 | $2.66 | ||
| Q1 24 | $-0.28 | $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 | — | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $8.4B | $9.2B |
| Total Assets | $19.2B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $318.1M | ||
| Q3 25 | — | $296.5M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | $173.0M | $447.4M | ||
| Q3 24 | $409.0M | $599.0M | ||
| Q2 24 | $73.0M | $542.3M | ||
| Q1 24 | — | $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 | — | $9.2B | ||
| Q3 25 | $8.4B | $9.3B | ||
| Q2 25 | $8.6B | $9.4B | ||
| Q1 25 | $8.6B | $9.6B | ||
| Q4 24 | $8.6B | $9.7B | ||
| Q3 24 | $9.0B | $9.6B | ||
| Q2 24 | $4.9B | $9.7B | ||
| Q1 24 | $5.6B | $9.9B |
| Q4 25 | — | $20.2B | ||
| Q3 25 | $19.2B | $20.1B | ||
| Q2 25 | $19.4B | $20.5B | ||
| Q1 25 | $18.8B | $19.6B | ||
| Q4 24 | $18.7B | $19.8B | ||
| Q3 24 | $19.3B | $19.8B | ||
| Q2 24 | $18.8B | $19.8B | ||
| Q1 24 | — | $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 | $230.0M | $733.6M |
| Free Cash FlowOCF − Capex | $35.0M | — |
| FCF MarginFCF / Revenue | 2.5% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $733.6M | ||
| Q3 25 | $230.0M | $875.1M | ||
| Q2 25 | $258.0M | $872.7M | ||
| Q1 25 | $139.0M | $705.1M | ||
| Q4 24 | — | $768.6M | ||
| Q3 24 | $186.0M | $798.8M | ||
| Q2 24 | $155.0M | $895.3M | ||
| Q1 24 | $105.0M | $665.6M |
| Q4 25 | — | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.0M | — | ||
| Q2 24 | $-31.0M | — | ||
| Q1 24 | $-42.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | -3.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 14.2% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
