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Side-by-side financial comparison of Medpace Holdings, Inc. (MEDP) 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 $708.5M, roughly 1.7× Medpace Holdings, Inc.). Public Storage runs the higher net margin — 41.7% vs 19.1%, a 22.6% gap on every dollar of revenue. On growth, Medpace Holdings, Inc. posted the faster year-over-year revenue change (32.0% vs 3.3%). Over the past eight quarters, Medpace Holdings, Inc.'s revenue compounded faster (17.7% CAGR vs 2.5%).
Medpace Holdings, Inc. is a global clinical research organization (CRO) based in Cincinnati, Ohio, employing approximately 6,000 people. Operating under a full-service model, the company also offers global central laboratory, imaging core laboratory, and bioanalytical laboratory services, as well as a Phase I unit located on its headquarters and clinical research campus in Cincinnati, Ohio.
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.
MEDP vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $708.5M | $1.2B |
| Net Profit | $135.1M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 21.6% | 40.7% |
| Net Margin | 19.1% | 41.7% |
| Revenue YoY | 32.0% | 3.3% |
| Net Profit YoY | 15.5% | -17.5% |
| EPS (diluted) | $4.65 | $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 | $708.5M | $1.2B | ||
| Q3 25 | $659.9M | $1.2B | ||
| Q2 25 | $603.3M | $1.2B | ||
| Q1 25 | $558.6M | $1.2B | ||
| Q4 24 | $536.6M | $1.2B | ||
| Q3 24 | $533.3M | $1.2B | ||
| Q2 24 | $528.1M | $1.2B | ||
| Q1 24 | $511.0M | $1.2B |
| Q4 25 | $135.1M | $507.1M | ||
| Q3 25 | $111.1M | $511.1M | ||
| Q2 25 | $90.3M | $358.4M | ||
| Q1 25 | $114.6M | $407.8M | ||
| Q4 24 | $117.0M | $614.6M | ||
| Q3 24 | $96.4M | $430.3M | ||
| Q2 24 | $88.4M | $518.1M | ||
| Q1 24 | $102.6M | $508.9M |
| Q4 25 | 21.6% | 40.7% | ||
| Q3 25 | 21.5% | 42.3% | ||
| Q2 25 | 20.9% | 30.4% | ||
| Q1 25 | 20.3% | 34.8% | ||
| Q4 24 | 23.4% | 52.4% | ||
| Q3 24 | 21.1% | 36.7% | ||
| Q2 24 | 19.9% | 44.6% | ||
| Q1 24 | 20.4% | 44.3% |
| Q4 25 | 19.1% | 41.7% | ||
| Q3 25 | 16.8% | 41.8% | ||
| Q2 25 | 15.0% | 29.8% | ||
| Q1 25 | 20.5% | 34.5% | ||
| Q4 24 | 21.8% | 52.2% | ||
| Q3 24 | 18.1% | 36.2% | ||
| Q2 24 | 16.7% | 44.2% | ||
| Q1 24 | 20.1% | 44.0% |
| Q4 25 | $4.65 | $2.59 | ||
| Q3 25 | $3.86 | $2.62 | ||
| Q2 25 | $3.10 | $1.76 | ||
| Q1 25 | $3.67 | $2.04 | ||
| Q4 24 | $3.67 | $3.22 | ||
| Q3 24 | $3.01 | $2.16 | ||
| Q2 24 | $2.75 | $2.66 | ||
| Q1 24 | $3.20 | $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 | $497.0M | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $459.1M | $9.2B |
| Total Assets | $2.0B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $497.0M | $318.1M | ||
| Q3 25 | $285.4M | $296.5M | ||
| Q2 25 | $46.3M | $1.1B | ||
| Q1 25 | $441.4M | $287.2M | ||
| Q4 24 | $669.4M | $447.4M | ||
| Q3 24 | $656.9M | $599.0M | ||
| Q2 24 | $510.9M | $542.3M | ||
| Q1 24 | $407.0M | $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 | $459.1M | $9.2B | ||
| Q3 25 | $293.6M | $9.3B | ||
| Q2 25 | $172.4M | $9.4B | ||
| Q1 25 | $593.6M | $9.6B | ||
| Q4 24 | $825.5M | $9.7B | ||
| Q3 24 | $881.4M | $9.6B | ||
| Q2 24 | $763.6M | $9.7B | ||
| Q1 24 | $671.5M | $9.9B |
| Q4 25 | $2.0B | $20.2B | ||
| Q3 25 | $1.8B | $20.1B | ||
| Q2 25 | $1.6B | $20.5B | ||
| Q1 25 | $1.9B | $19.6B | ||
| Q4 24 | $2.1B | $19.8B | ||
| Q3 24 | $2.1B | $19.8B | ||
| Q2 24 | $1.9B | $19.8B | ||
| Q1 24 | $1.8B | $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 | $192.7M | $733.6M |
| Free Cash FlowOCF − Capex | $188.1M | — |
| FCF MarginFCF / Revenue | 26.6% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 1.43× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $681.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $192.7M | $733.6M | ||
| Q3 25 | $246.2M | $875.1M | ||
| Q2 25 | $148.5M | $872.7M | ||
| Q1 25 | $125.8M | $705.1M | ||
| Q4 24 | $190.7M | $768.6M | ||
| Q3 24 | $149.1M | $798.8M | ||
| Q2 24 | $116.4M | $895.3M | ||
| Q1 24 | $152.7M | $665.6M |
| Q4 25 | $188.1M | — | ||
| Q3 25 | $235.5M | — | ||
| Q2 25 | $142.4M | — | ||
| Q1 25 | $115.8M | — | ||
| Q4 24 | $183.0M | — | ||
| Q3 24 | $138.5M | — | ||
| Q2 24 | $103.5M | — | ||
| Q1 24 | $147.2M | — |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 26.0% | — | ||
| Q2 24 | 19.6% | — | ||
| Q1 24 | 28.8% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 1.43× | 1.45× | ||
| Q3 25 | 2.22× | 1.71× | ||
| Q2 25 | 1.65× | 2.43× | ||
| Q1 25 | 1.10× | 1.73× | ||
| Q4 24 | 1.63× | 1.25× | ||
| Q3 24 | 1.55× | 1.86× | ||
| Q2 24 | 1.32× | 1.73× | ||
| Q1 24 | 1.49× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MEDP
| Metabolic | $249.8M | 35% |
| Oncology | $195.9M | 28% |
| Other | $88.3M | 12% |
| Central Nervous System | $73.2M | 10% |
| Cardiology | $63.0M | 9% |
| Antiviral And Anti Infective | $38.3M | 5% |
| Related Party | $10.3M | 1% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
