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Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) 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 $630.0M, roughly 1.9× Park Hotels & Resorts Inc.). Public Storage runs the higher net margin — 41.7% vs 1.9%, a 39.8% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -1.3%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs -4.2%).
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
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.
PK vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $630.0M | $1.2B |
| Net Profit | $12.0M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 9.8% | 40.7% |
| Net Margin | 1.9% | 41.7% |
| Revenue YoY | -1.3% | 3.3% |
| Net Profit YoY | 121.1% | -17.5% |
| EPS (diluted) | $0.05 | $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 | $630.0M | — | ||
| Q4 25 | $629.0M | $1.2B | ||
| Q3 25 | $610.0M | $1.2B | ||
| Q2 25 | $672.0M | $1.2B | ||
| Q1 25 | $630.0M | $1.2B | ||
| Q4 24 | $625.0M | $1.2B | ||
| Q3 24 | $649.0M | $1.2B | ||
| Q2 24 | $686.0M | $1.2B |
| Q1 26 | $12.0M | — | ||
| Q4 25 | $-205.0M | $507.1M | ||
| Q3 25 | $-16.0M | $511.1M | ||
| Q2 25 | $-5.0M | $358.4M | ||
| Q1 25 | $-57.0M | $407.8M | ||
| Q4 24 | $66.0M | $614.6M | ||
| Q3 24 | $54.0M | $430.3M | ||
| Q2 24 | $64.0M | $518.1M |
| Q1 26 | 9.8% | — | ||
| Q4 25 | -26.1% | 40.7% | ||
| Q3 25 | 9.7% | 42.3% | ||
| Q2 25 | 9.7% | 30.4% | ||
| Q1 25 | 1.1% | 34.8% | ||
| Q4 24 | 13.3% | 52.4% | ||
| Q3 24 | 14.6% | 36.7% | ||
| Q2 24 | 17.6% | 44.6% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | -32.6% | 41.7% | ||
| Q3 25 | -2.6% | 41.8% | ||
| Q2 25 | -0.7% | 29.8% | ||
| Q1 25 | -9.0% | 34.5% | ||
| Q4 24 | 10.6% | 52.2% | ||
| Q3 24 | 8.3% | 36.2% | ||
| Q2 24 | 9.3% | 44.2% |
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-1.04 | $2.59 | ||
| Q3 25 | $-0.08 | $2.62 | ||
| Q2 25 | $-0.02 | $1.76 | ||
| Q1 25 | $-0.29 | $2.04 | ||
| Q4 24 | $0.32 | $3.22 | ||
| Q3 24 | $0.26 | $2.16 | ||
| Q2 24 | $0.30 | $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 | $156.0M | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $3.1B | $9.2B |
| Total Assets | — | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $156.0M | — | ||
| Q4 25 | $232.0M | $318.1M | ||
| Q3 25 | $278.0M | $296.5M | ||
| Q2 25 | $319.0M | $1.1B | ||
| Q1 25 | $233.0M | $287.2M | ||
| Q4 24 | $402.0M | $447.4M | ||
| Q3 24 | $480.0M | $599.0M | ||
| Q2 24 | $449.0M | $542.3M |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $10.3B | ||
| Q3 25 | $3.9B | $10.0B | ||
| Q2 25 | $3.9B | $10.4B | ||
| Q1 25 | $3.9B | $9.4B | ||
| Q4 24 | $3.9B | $9.4B | ||
| Q3 24 | $3.9B | $9.5B | ||
| Q2 24 | $3.9B | $9.4B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $9.2B | ||
| Q3 25 | $3.4B | $9.3B | ||
| Q2 25 | $3.4B | $9.4B | ||
| Q1 25 | $3.5B | $9.6B | ||
| Q4 24 | $3.6B | $9.7B | ||
| Q3 24 | $3.8B | $9.6B | ||
| Q2 24 | $3.8B | $9.7B |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $20.2B | ||
| Q3 25 | $8.8B | $20.1B | ||
| Q2 25 | $8.9B | $20.5B | ||
| Q1 25 | $8.9B | $19.6B | ||
| Q4 24 | $9.2B | $19.8B | ||
| Q3 24 | $9.2B | $19.8B | ||
| Q2 24 | $9.2B | $19.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 1.11× | ||
| Q3 25 | 1.14× | 1.08× | ||
| Q2 25 | 1.12× | 1.11× | ||
| Q1 25 | 1.11× | 0.99× | ||
| Q4 24 | 1.06× | 0.96× | ||
| Q3 24 | 1.03× | 0.99× | ||
| Q2 24 | 1.03× | 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 | $105.0M | $733.6M | ||
| Q3 25 | $99.0M | $875.1M | ||
| Q2 25 | $108.0M | $872.7M | ||
| Q1 25 | $86.0M | $705.1M | ||
| Q4 24 | $80.0M | $768.6M | ||
| Q3 24 | $140.0M | $798.8M | ||
| Q2 24 | $117.0M | $895.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | — | ||
| Q3 25 | $31.0M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $9.0M | — | ||
| Q4 24 | $17.0M | — | ||
| Q3 24 | $97.0M | — | ||
| Q2 24 | $66.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 9.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 12.2% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 7.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 2.43× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | 1.21× | 1.25× | ||
| Q3 24 | 2.59× | 1.86× | ||
| Q2 24 | 1.83× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
