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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) 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 $924.2M, roughly 1.3× PATRICK INDUSTRIES INC). Public Storage runs the higher net margin — 41.7% vs 3.1%, a 38.6% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 3.3%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
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.
PATK vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $1.2B |
| Net Profit | $29.1M | $507.1M |
| Gross Margin | 23.0% | — |
| Operating Margin | 6.2% | 40.7% |
| Net Margin | 3.1% | 41.7% |
| Revenue YoY | 9.2% | 3.3% |
| Net Profit YoY | 99.7% | -17.5% |
| EPS (diluted) | $0.82 | $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 | $924.2M | $1.2B | ||
| Q3 25 | $975.6M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $846.1M | $1.2B | ||
| Q3 24 | $919.4M | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $933.5M | $1.2B |
| Q4 25 | $29.1M | $507.1M | ||
| Q3 25 | $35.3M | $511.1M | ||
| Q2 25 | $32.4M | $358.4M | ||
| Q1 25 | $38.2M | $407.8M | ||
| Q4 24 | $14.6M | $614.6M | ||
| Q3 24 | $40.9M | $430.3M | ||
| Q2 24 | $47.9M | $518.1M | ||
| Q1 24 | $35.1M | $508.9M |
| Q4 25 | 23.0% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 23.1% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 21.9% | — |
| Q4 25 | 6.2% | 40.7% | ||
| Q3 25 | 6.8% | 42.3% | ||
| Q2 25 | 8.3% | 30.4% | ||
| Q1 25 | 6.5% | 34.8% | ||
| Q4 24 | 4.7% | 52.4% | ||
| Q3 24 | 8.1% | 36.7% | ||
| Q2 24 | 8.3% | 44.6% | ||
| Q1 24 | 6.4% | 44.3% |
| Q4 25 | 3.1% | 41.7% | ||
| Q3 25 | 3.6% | 41.8% | ||
| Q2 25 | 3.1% | 29.8% | ||
| Q1 25 | 3.8% | 34.5% | ||
| Q4 24 | 1.7% | 52.2% | ||
| Q3 24 | 4.4% | 36.2% | ||
| Q2 24 | 4.7% | 44.2% | ||
| Q1 24 | 3.8% | 44.0% |
| Q4 25 | $0.82 | $2.59 | ||
| Q3 25 | $1.01 | $2.62 | ||
| Q2 25 | $0.96 | $1.76 | ||
| Q1 25 | $1.11 | $2.04 | ||
| Q4 24 | $-1.44 | $3.22 | ||
| Q3 24 | $1.80 | $2.16 | ||
| Q2 24 | $2.16 | $2.66 | ||
| Q1 24 | $1.59 | $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 | $26.4M | $318.1M |
| Total DebtLower is stronger | $1.3B | $10.3B |
| Stockholders' EquityBook value | $1.2B | $9.2B |
| Total Assets | $3.1B | $20.2B |
| Debt / EquityLower = less leverage | 1.10× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $318.1M | ||
| Q3 25 | $20.7M | $296.5M | ||
| Q2 25 | $22.0M | $1.1B | ||
| Q1 25 | $86.6M | $287.2M | ||
| Q4 24 | $33.6M | $447.4M | ||
| Q3 24 | $52.6M | $599.0M | ||
| Q2 24 | $44.0M | $542.3M | ||
| Q1 24 | $17.6M | $271.6M |
| Q4 25 | $1.3B | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | $1.3B | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $1.2B | $9.2B | ||
| Q3 25 | $1.2B | $9.3B | ||
| Q2 25 | $1.1B | $9.4B | ||
| Q1 25 | $1.1B | $9.6B | ||
| Q4 24 | $1.1B | $9.7B | ||
| Q3 24 | $1.1B | $9.6B | ||
| Q2 24 | $1.1B | $9.7B | ||
| Q1 24 | $1.1B | $9.9B |
| Q4 25 | $3.1B | $20.2B | ||
| Q3 25 | $3.1B | $20.1B | ||
| Q2 25 | $3.1B | $20.5B | ||
| Q1 25 | $3.2B | $19.6B | ||
| Q4 24 | $3.0B | $19.8B | ||
| Q3 24 | $3.1B | $19.8B | ||
| Q2 24 | $3.0B | $19.8B | ||
| Q1 24 | $3.0B | $19.6B |
| Q4 25 | 1.10× | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 1.18× | 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 | $130.8M | $733.6M |
| Free Cash FlowOCF − Capex | $112.7M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 4.50× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $733.6M | ||
| Q3 25 | $9.1M | $875.1M | ||
| Q2 25 | $149.4M | $872.7M | ||
| Q1 25 | $40.1M | $705.1M | ||
| Q4 24 | $102.7M | $768.6M | ||
| Q3 24 | $51.5M | $798.8M | ||
| Q2 24 | $137.5M | $895.3M | ||
| Q1 24 | $35.2M | $665.6M |
| Q4 25 | $112.7M | — | ||
| Q3 25 | $-17.2M | — | ||
| Q2 25 | $131.1M | — | ||
| Q1 25 | $19.9M | — | ||
| Q4 24 | $77.2M | — | ||
| Q3 24 | $33.7M | — | ||
| Q2 24 | $120.6M | — | ||
| Q1 24 | $19.7M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | -1.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | 4.50× | 1.45× | ||
| Q3 25 | 0.26× | 1.71× | ||
| Q2 25 | 4.61× | 2.43× | ||
| Q1 25 | 1.05× | 1.73× | ||
| Q4 24 | 7.05× | 1.25× | ||
| Q3 24 | 1.26× | 1.86× | ||
| Q2 24 | 2.87× | 1.73× | ||
| Q1 24 | 1.00× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
