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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and Public Storage (PSA). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.2B, roughly 2.0× Public Storage). Public Storage runs the higher net margin — 41.7% vs 13.8%, a 28.0% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs 3.3%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 2.5%).
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
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.
ORI vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.2B |
| Net Profit | $330.0M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | — | 40.7% |
| Net Margin | 13.8% | 41.7% |
| Revenue YoY | 6.7% | 3.3% |
| Net Profit YoY | -145.5% | -17.5% |
| EPS (diluted) | — | $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 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B |
| Q1 26 | $330.0M | — | ||
| Q4 25 | $206.5M | $507.1M | ||
| Q3 25 | $279.5M | $511.1M | ||
| Q2 25 | $204.4M | $358.4M | ||
| Q1 25 | $245.0M | $407.8M | ||
| Q4 24 | $105.3M | $614.6M | ||
| Q3 24 | $338.9M | $430.3M | ||
| Q2 24 | $91.8M | $518.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | 14.6% | 42.3% | ||
| Q2 25 | 11.8% | 30.4% | ||
| Q1 25 | 14.6% | 34.8% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | 18.2% | 36.7% | ||
| Q2 24 | 6.1% | 44.6% |
| Q1 26 | 13.8% | — | ||
| Q4 25 | 8.6% | 41.7% | ||
| Q3 25 | 11.5% | 41.8% | ||
| Q2 25 | 9.3% | 29.8% | ||
| Q1 25 | 11.6% | 34.5% | ||
| Q4 24 | 5.3% | 52.2% | ||
| Q3 24 | 14.5% | 36.2% | ||
| Q2 24 | 4.9% | 44.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.82 | $2.59 | ||
| Q3 25 | $1.11 | $2.62 | ||
| Q2 25 | $0.81 | $1.76 | ||
| Q1 25 | $0.98 | $2.04 | ||
| Q4 24 | $0.42 | $3.22 | ||
| Q3 24 | $1.32 | $2.16 | ||
| Q2 24 | $0.35 | $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 | — | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $5.9M | $9.2B |
| Total Assets | $29.6M | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $318.1M | ||
| Q3 25 | — | $296.5M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | — | $447.4M | ||
| Q3 24 | — | $599.0M | ||
| Q2 24 | — | $542.3M |
| Q1 26 | — | — | ||
| 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 26 | $5.9M | — | ||
| Q4 25 | $5.9B | $9.2B | ||
| Q3 25 | $6.4B | $9.3B | ||
| Q2 25 | $6.2B | $9.4B | ||
| Q1 25 | $5.9B | $9.6B | ||
| Q4 24 | $5.6B | $9.7B | ||
| Q3 24 | $6.4B | $9.6B | ||
| Q2 24 | $6.0B | $9.7B |
| Q1 26 | $29.6M | — | ||
| Q4 25 | $29.9B | $20.2B | ||
| Q3 25 | $30.3B | $20.1B | ||
| Q2 25 | $29.3B | $20.5B | ||
| Q1 25 | $28.0B | $19.6B | ||
| Q4 24 | $27.8B | $19.8B | ||
| Q3 24 | $28.8B | $19.8B | ||
| Q2 24 | $27.5B | $19.8B |
| Q1 26 | — | — | ||
| 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× |
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 | — | $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 | — | — | ||
| Q4 25 | $234.9M | $733.6M | ||
| Q3 25 | $563.9M | $875.1M | ||
| Q2 25 | $133.8M | $872.7M | ||
| Q1 25 | $231.7M | $705.1M | ||
| Q4 24 | $361.7M | $768.6M | ||
| Q3 24 | $474.8M | $798.8M | ||
| Q2 24 | $236.5M | $895.3M |
| Q1 26 | — | — | ||
| Q4 25 | 1.14× | 1.45× | ||
| Q3 25 | 2.02× | 1.71× | ||
| Q2 25 | 0.65× | 2.43× | ||
| Q1 25 | 0.95× | 1.73× | ||
| Q4 24 | 3.43× | 1.25× | ||
| Q3 24 | 1.40× | 1.86× | ||
| Q2 24 | 2.58× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORI
| operating | $2.2B | 92% |
| net investment gains | $201.8M | 8% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
