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Side-by-side financial comparison of Magnera Corp (MAGN) 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 $792.0M, roughly 1.5× Magnera Corp). Public Storage runs the higher net margin — 41.7% vs -4.3%, a 46.0% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 3.3%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 2.5%).
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.
MAGN vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.2B |
| Net Profit | $-34.0M | $507.1M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | 40.7% |
| Net Margin | -4.3% | 41.7% |
| Revenue YoY | 12.8% | 3.3% |
| Net Profit YoY | 43.3% | -17.5% |
| EPS (diluted) | $-0.95 | $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 | $792.0M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $839.0M | $1.2B | ||
| Q1 25 | $824.0M | $1.2B | ||
| Q4 24 | $702.0M | $1.2B | ||
| Q3 24 | $332.1M | $1.2B | ||
| Q2 24 | $556.0M | $1.2B | ||
| Q1 24 | $558.0M | $1.2B |
| Q4 25 | $-34.0M | $507.1M | ||
| Q3 25 | — | $511.1M | ||
| Q2 25 | $-18.0M | $358.4M | ||
| Q1 25 | $-41.0M | $407.8M | ||
| Q4 24 | $-60.0M | $614.6M | ||
| Q3 24 | $-15.2M | $430.3M | ||
| Q2 24 | $19.0M | $518.1M | ||
| Q1 24 | $14.0M | $508.9M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | 40.7% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | 1.5% | 30.4% | ||
| Q1 25 | 0.5% | 34.8% | ||
| Q4 24 | -3.1% | 52.4% | ||
| Q3 24 | 0.9% | 36.7% | ||
| Q2 24 | 3.1% | 44.6% | ||
| Q1 24 | 3.8% | 44.3% |
| Q4 25 | -4.3% | 41.7% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | -2.1% | 29.8% | ||
| Q1 25 | -5.0% | 34.5% | ||
| Q4 24 | -8.5% | 52.2% | ||
| Q3 24 | -4.6% | 36.2% | ||
| Q2 24 | 3.4% | 44.2% | ||
| Q1 24 | 2.5% | 44.0% |
| Q4 25 | $-0.95 | $2.59 | ||
| Q3 25 | — | $2.62 | ||
| Q2 25 | $-0.51 | $1.76 | ||
| Q1 25 | $-1.15 | $2.04 | ||
| Q4 24 | $-1.69 | $3.22 | ||
| Q3 24 | $-0.33 | $2.16 | ||
| Q2 24 | $0.60 | $2.66 | ||
| Q1 24 | $0.44 | $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 | $264.0M | $318.1M |
| Total DebtLower is stronger | $1.9B | $10.3B |
| Stockholders' EquityBook value | $1.0B | $9.2B |
| Total Assets | $3.9B | $20.2B |
| Debt / EquityLower = less leverage | 1.86× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $318.1M | ||
| Q3 25 | — | $296.5M | ||
| Q2 25 | $276.0M | $1.1B | ||
| Q1 25 | $282.0M | $287.2M | ||
| Q4 24 | $215.0M | $447.4M | ||
| Q3 24 | $230.0M | $599.0M | ||
| Q2 24 | $33.9M | $542.3M | ||
| Q1 24 | $30.2M | $271.6M |
| Q4 25 | $1.9B | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | $2.0B | $10.4B | ||
| Q1 25 | $2.0B | $9.4B | ||
| Q4 24 | $2.0B | $9.4B | ||
| Q3 24 | $2.0B | $9.5B | ||
| Q2 24 | $877.4M | $9.4B | ||
| Q1 24 | $884.7M | $9.1B |
| Q4 25 | $1.0B | $9.2B | ||
| Q3 25 | — | $9.3B | ||
| Q2 25 | $1.1B | $9.4B | ||
| Q1 25 | $1.1B | $9.6B | ||
| Q4 24 | $1.1B | $9.7B | ||
| Q3 24 | $2.1B | $9.6B | ||
| Q2 24 | $2.4B | $9.7B | ||
| Q1 24 | $2.4B | $9.9B |
| Q4 25 | $3.9B | $20.2B | ||
| Q3 25 | — | $20.1B | ||
| Q2 25 | $4.1B | $20.5B | ||
| Q1 25 | $4.1B | $19.6B | ||
| Q4 24 | $4.0B | $19.8B | ||
| Q3 24 | $2.8B | $19.8B | ||
| Q2 24 | $1.5B | $19.8B | ||
| Q1 24 | $1.5B | $19.6B |
| Q4 25 | 1.86× | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | 1.77× | 1.11× | ||
| Q1 25 | 1.83× | 0.99× | ||
| Q4 24 | 1.80× | 0.96× | ||
| Q3 24 | 0.91× | 0.99× | ||
| Q2 24 | 0.37× | 0.97× | ||
| Q1 24 | 0.36× | 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 | $2.0M | $733.6M |
| Free Cash FlowOCF − Capex | $-13.0M | — |
| FCF MarginFCF / Revenue | -1.6% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $733.6M | ||
| Q3 25 | — | $875.1M | ||
| Q2 25 | $0 | $872.7M | ||
| Q1 25 | $65.0M | $705.1M | ||
| Q4 24 | $-58.0M | $768.6M | ||
| Q3 24 | $12.2M | $798.8M | ||
| Q2 24 | $38.0M | $895.3M | ||
| Q1 24 | $20.0M | $665.6M |
| Q4 25 | $-13.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $42.0M | — | ||
| Q4 24 | $-74.0M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $23.0M | — | ||
| Q1 24 | $12.5M | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -10.5% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.3% | — |
| 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 | 2.00× | 1.73× | ||
| Q1 24 | 1.43× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
