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Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) 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 $755.6M, roughly 1.6× BLUE OWL CAPITAL INC.). Public Storage runs the higher net margin — 41.7% vs 6.3%, a 35.4% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 3.3%). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 2.5%).
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
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.
OWL vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $755.6M | $1.2B |
| Net Profit | $47.7M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 22.2% | 40.7% |
| Net Margin | 6.3% | 41.7% |
| Revenue YoY | 19.7% | 3.3% |
| Net Profit YoY | 129.8% | -17.5% |
| EPS (diluted) | $0.07 | $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 | $755.6M | $1.2B | ||
| Q3 25 | $728.0M | $1.2B | ||
| Q2 25 | $703.1M | $1.2B | ||
| Q1 25 | $683.5M | $1.2B | ||
| Q4 24 | $631.4M | $1.2B | ||
| Q3 24 | $600.9M | $1.2B | ||
| Q2 24 | $549.8M | $1.2B | ||
| Q1 24 | $513.3M | $1.2B |
| Q4 25 | $47.7M | $507.1M | ||
| Q3 25 | $6.3M | $511.1M | ||
| Q2 25 | $17.4M | $358.4M | ||
| Q1 25 | $7.4M | $407.8M | ||
| Q4 24 | $20.7M | $614.6M | ||
| Q3 24 | $29.8M | $430.3M | ||
| Q2 24 | $33.9M | $518.1M | ||
| Q1 24 | $25.1M | $508.9M |
| Q4 25 | 22.2% | 40.7% | ||
| Q3 25 | 7.6% | 42.3% | ||
| Q2 25 | 12.0% | 30.4% | ||
| Q1 25 | 5.9% | 34.8% | ||
| Q4 24 | 11.7% | 52.4% | ||
| Q3 24 | 18.7% | 36.7% | ||
| Q2 24 | 28.4% | 44.6% | ||
| Q1 24 | 24.7% | 44.3% |
| Q4 25 | 6.3% | 41.7% | ||
| Q3 25 | 0.9% | 41.8% | ||
| Q2 25 | 2.5% | 29.8% | ||
| Q1 25 | 1.1% | 34.5% | ||
| Q4 24 | 3.3% | 52.2% | ||
| Q3 24 | 5.0% | 36.2% | ||
| Q2 24 | 6.2% | 44.2% | ||
| Q1 24 | 4.9% | 44.0% |
| Q4 25 | $0.07 | $2.59 | ||
| Q3 25 | $0.01 | $2.62 | ||
| Q2 25 | $0.02 | $1.76 | ||
| Q1 25 | $0.00 | $2.04 | ||
| Q4 24 | $0.06 | $3.22 | ||
| Q3 24 | $0.04 | $2.16 | ||
| Q2 24 | $0.06 | $2.66 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $318.1M |
| Total DebtLower is stronger | $3.3B | $10.3B |
| Stockholders' EquityBook value | $2.2B | $9.2B |
| Total Assets | $12.5B | $20.2B |
| Debt / EquityLower = less leverage | 1.51× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.5M | $318.1M | ||
| Q3 25 | $137.3M | $296.5M | ||
| Q2 25 | $117.6M | $1.1B | ||
| Q1 25 | $97.6M | $287.2M | ||
| Q4 24 | $152.1M | $447.4M | ||
| Q3 24 | $115.9M | $599.0M | ||
| Q2 24 | $436.8M | $542.3M | ||
| Q1 24 | $155.8M | $271.6M |
| Q4 25 | $3.3B | $10.3B | ||
| Q3 25 | $3.2B | $10.0B | ||
| Q2 25 | $3.2B | $10.4B | ||
| Q1 25 | $3.2B | $9.4B | ||
| Q4 24 | $2.6B | $9.4B | ||
| Q3 24 | $2.5B | $9.5B | ||
| Q2 24 | $2.5B | $9.4B | ||
| Q1 24 | $2.1B | $9.1B |
| Q4 25 | $2.2B | $9.2B | ||
| Q3 25 | $2.3B | $9.3B | ||
| Q2 25 | $2.4B | $9.4B | ||
| Q1 25 | $2.3B | $9.6B | ||
| Q4 24 | $2.1B | $9.7B | ||
| Q3 24 | $2.0B | $9.6B | ||
| Q2 24 | $1.7B | $9.7B | ||
| Q1 24 | $1.6B | $9.9B |
| Q4 25 | $12.5B | $20.2B | ||
| Q3 25 | $12.5B | $20.1B | ||
| Q2 25 | $12.3B | $20.5B | ||
| Q1 25 | $12.3B | $19.6B | ||
| Q4 24 | $11.0B | $19.8B | ||
| Q3 24 | $10.8B | $19.8B | ||
| Q2 24 | $9.7B | $19.8B | ||
| Q1 24 | $9.0B | $19.6B |
| Q4 25 | 1.51× | 1.11× | ||
| Q3 25 | 1.41× | 1.08× | ||
| Q2 25 | 1.38× | 1.11× | ||
| Q1 25 | 1.37× | 0.99× | ||
| Q4 24 | 1.22× | 0.96× | ||
| Q3 24 | 1.27× | 0.99× | ||
| Q2 24 | 1.41× | 0.97× | ||
| Q1 24 | 1.26× | 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 | $382.9M | $733.6M |
| Free Cash FlowOCF − Capex | $359.1M | — |
| FCF MarginFCF / Revenue | 47.5% | — |
| Capex IntensityCapex / Revenue | 3.1% | — |
| Cash ConversionOCF / Net Profit | 8.03× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.9M | $733.6M | ||
| Q3 25 | $433.1M | $875.1M | ||
| Q2 25 | $422.5M | $872.7M | ||
| Q1 25 | $17.6M | $705.1M | ||
| Q4 24 | $324.0M | $768.6M | ||
| Q3 24 | $326.0M | $798.8M | ||
| Q2 24 | $302.3M | $895.3M | ||
| Q1 24 | $47.2M | $665.6M |
| Q4 25 | $359.1M | — | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $412.5M | — | ||
| Q1 25 | $4.2M | — | ||
| Q4 24 | $310.1M | — | ||
| Q3 24 | $314.8M | — | ||
| Q2 24 | $269.4M | — | ||
| Q1 24 | $41.1M | — |
| Q4 25 | 47.5% | — | ||
| Q3 25 | 58.0% | — | ||
| Q2 25 | 58.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 49.1% | — | ||
| Q3 24 | 52.4% | — | ||
| Q2 24 | 49.0% | — | ||
| Q1 24 | 8.0% | — |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 8.03× | 1.45× | ||
| Q3 25 | 68.64× | 1.71× | ||
| Q2 25 | 24.25× | 2.43× | ||
| Q1 25 | 2.37× | 1.73× | ||
| Q4 24 | 15.62× | 1.25× | ||
| Q3 24 | 10.94× | 1.86× | ||
| Q2 24 | 8.91× | 1.73× | ||
| Q1 24 | 1.88× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
