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Side-by-side financial comparison of Public Storage (PSA) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $809.5M, roughly 1.5× Construction Partners, Inc.). Public Storage runs the higher net margin — 41.7% vs 2.1%, a 39.6% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 3.3%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 2.5%).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
PSA vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $809.5M |
| Net Profit | $507.1M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 40.7% | 6.2% |
| Net Margin | 41.7% | 2.1% |
| Revenue YoY | 3.3% | 44.1% |
| Net Profit YoY | -17.5% | 663.9% |
| EPS (diluted) | $2.59 | $0.31 |
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 | $1.2B | $809.5M | ||
| Q3 25 | $1.2B | $899.8M | ||
| Q2 25 | $1.2B | $779.3M | ||
| Q1 25 | $1.2B | $571.6M | ||
| Q4 24 | $1.2B | $561.6M | ||
| Q3 24 | $1.2B | $538.2M | ||
| Q2 24 | $1.2B | $517.8M | ||
| Q1 24 | $1.2B | $371.4M |
| Q4 25 | $507.1M | $17.2M | ||
| Q3 25 | $511.1M | $56.6M | ||
| Q2 25 | $358.4M | $44.0M | ||
| Q1 25 | $407.8M | $4.2M | ||
| Q4 24 | $614.6M | $-3.1M | ||
| Q3 24 | $430.3M | $29.3M | ||
| Q2 24 | $518.1M | $30.9M | ||
| Q1 24 | $508.9M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 40.7% | 6.2% | ||
| Q3 25 | 42.3% | 11.2% | ||
| Q2 25 | 30.4% | 10.6% | ||
| Q1 25 | 34.8% | 4.8% | ||
| Q4 24 | 52.4% | 2.5% | ||
| Q3 24 | 36.7% | 8.5% | ||
| Q2 24 | 44.6% | 8.8% | ||
| Q1 24 | 44.3% | 0.8% |
| Q4 25 | 41.7% | 2.1% | ||
| Q3 25 | 41.8% | 6.3% | ||
| Q2 25 | 29.8% | 5.7% | ||
| Q1 25 | 34.5% | 0.7% | ||
| Q4 24 | 52.2% | -0.5% | ||
| Q3 24 | 36.2% | 5.4% | ||
| Q2 24 | 44.2% | 6.0% | ||
| Q1 24 | 44.0% | -0.3% |
| Q4 25 | $2.59 | $0.31 | ||
| Q3 25 | $2.62 | $1.03 | ||
| Q2 25 | $1.76 | $0.79 | ||
| Q1 25 | $2.04 | $0.08 | ||
| Q4 24 | $3.22 | $-0.06 | ||
| Q3 24 | $2.16 | $0.55 | ||
| Q2 24 | $2.66 | $0.59 | ||
| Q1 24 | $2.60 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $9.2B | $969.1M |
| Total Assets | $20.2B | $3.4B |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $104.1M | ||
| Q3 25 | $296.5M | $156.1M | ||
| Q2 25 | $1.1B | $114.3M | ||
| Q1 25 | $287.2M | $101.9M | ||
| Q4 24 | $447.4M | $132.5M | ||
| Q3 24 | $599.0M | $74.7M | ||
| Q2 24 | $542.3M | $56.3M | ||
| Q1 24 | $271.6M | $48.0M |
| Q4 25 | $10.3B | — | ||
| Q3 25 | $10.0B | $1.6B | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $9.4B | — | ||
| Q3 24 | $9.5B | $515.0M | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.1B | — |
| Q4 25 | $9.2B | $969.1M | ||
| Q3 25 | $9.3B | $912.0M | ||
| Q2 25 | $9.4B | $853.3M | ||
| Q1 25 | $9.6B | $807.9M | ||
| Q4 24 | $9.7B | $811.1M | ||
| Q3 24 | $9.6B | $573.7M | ||
| Q2 24 | $9.7B | $552.9M | ||
| Q1 24 | $9.9B | $525.0M |
| Q4 25 | $20.2B | $3.4B | ||
| Q3 25 | $20.1B | $3.2B | ||
| Q2 25 | $20.5B | $2.9B | ||
| Q1 25 | $19.6B | $2.8B | ||
| Q4 24 | $19.8B | $2.6B | ||
| Q3 24 | $19.8B | $1.5B | ||
| Q2 24 | $19.8B | $1.4B | ||
| Q1 24 | $19.6B | $1.3B |
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.08× | 1.78× | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.96× | — | ||
| Q3 24 | 0.99× | 0.90× | ||
| 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 | $733.6M | $82.6M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | 1.45× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $82.6M | ||
| Q3 25 | $875.1M | $112.0M | ||
| Q2 25 | $872.7M | $83.0M | ||
| Q1 25 | $705.1M | $55.6M | ||
| Q4 24 | $768.6M | $40.7M | ||
| Q3 24 | $798.8M | $95.9M | ||
| Q2 24 | $895.3M | $34.6M | ||
| Q1 24 | $665.6M | $18.2M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | — | $78.9M | ||
| Q2 25 | — | $46.4M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | 1.45× | 4.80× | ||
| Q3 25 | 1.71× | 1.98× | ||
| Q2 25 | 2.43× | 1.88× | ||
| Q1 25 | 1.73× | 13.20× | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.86× | 3.27× | ||
| Q2 24 | 1.73× | 1.12× | ||
| Q1 24 | 1.31× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
ROAD
Segment breakdown not available.
