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Side-by-side financial comparison of Public Storage (PSA) and Roper Technologies (ROP). Click either name above to swap in a different company.

Roper Technologies is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Public Storage). Public Storage runs the higher net margin — 41.7% vs 15.8%, a 25.9% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 3.3%). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% 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.

PSA vs ROP — Head-to-Head

Bigger by revenue
ROP
ROP
1.7× larger
ROP
$2.1B
$1.2B
PSA
Growing faster (revenue YoY)
ROP
ROP
+8.0% gap
ROP
11.3%
3.3%
PSA
Higher net margin
PSA
PSA
25.9% more per $
PSA
41.7%
15.8%
ROP
Faster 2-yr revenue CAGR
ROP
ROP
Annualised
ROP
10.5%
2.5%
PSA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PSA
PSA
ROP
ROP
Revenue
$1.2B
$2.1B
Net Profit
$507.1M
$331.0M
Gross Margin
69.4%
Operating Margin
40.7%
27.2%
Net Margin
41.7%
15.8%
Revenue YoY
3.3%
11.3%
Net Profit YoY
-17.5%
842.6%
EPS (diluted)
$2.59
$4.87

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.

Revenue
PSA
PSA
ROP
ROP
Q1 26
$2.1B
Q4 25
$1.2B
$2.1B
Q3 25
$1.2B
$2.0B
Q2 25
$1.2B
$1.9B
Q1 25
$1.2B
$1.9B
Q4 24
$1.2B
$1.9B
Q3 24
$1.2B
$1.8B
Q2 24
$1.2B
$1.7B
Net Profit
PSA
PSA
ROP
ROP
Q1 26
$331.0M
Q4 25
$507.1M
$428.4M
Q3 25
$511.1M
$398.5M
Q2 25
$358.4M
$378.3M
Q1 25
$407.8M
$331.1M
Q4 24
$614.6M
$462.3M
Q3 24
$430.3M
$367.9M
Q2 24
$518.1M
$337.1M
Gross Margin
PSA
PSA
ROP
ROP
Q1 26
69.4%
Q4 25
69.5%
Q3 25
69.5%
Q2 25
69.2%
Q1 25
68.7%
Q4 24
68.3%
Q3 24
69.2%
Q2 24
69.5%
Operating Margin
PSA
PSA
ROP
ROP
Q1 26
27.2%
Q4 25
40.7%
28.6%
Q3 25
42.3%
28.4%
Q2 25
30.4%
28.2%
Q1 25
34.8%
27.9%
Q4 24
52.4%
28.0%
Q3 24
36.7%
28.1%
Q2 24
44.6%
28.8%
Net Margin
PSA
PSA
ROP
ROP
Q1 26
15.8%
Q4 25
41.7%
20.8%
Q3 25
41.8%
19.8%
Q2 25
29.8%
19.5%
Q1 25
34.5%
17.6%
Q4 24
52.2%
24.6%
Q3 24
36.2%
20.8%
Q2 24
44.2%
19.6%
EPS (diluted)
PSA
PSA
ROP
ROP
Q1 26
$4.87
Q4 25
$2.59
$3.97
Q3 25
$2.62
$3.68
Q2 25
$1.76
$3.49
Q1 25
$2.04
$3.06
Q4 24
$3.22
$4.29
Q3 24
$2.16
$3.40
Q2 24
$2.66
$3.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PSA
PSA
ROP
ROP
Cash + ST InvestmentsLiquidity on hand
$318.1M
$382.9M
Total DebtLower is stronger
$10.3B
$9.7B
Stockholders' EquityBook value
$9.2B
$18.8B
Total Assets
$20.2B
$34.6B
Debt / EquityLower = less leverage
1.11×
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSA
PSA
ROP
ROP
Q1 26
$382.9M
Q4 25
$318.1M
$297.4M
Q3 25
$296.5M
$320.0M
Q2 25
$1.1B
$242.4M
Q1 25
$287.2M
$372.8M
Q4 24
$447.4M
$188.2M
Q3 24
$599.0M
$269.6M
Q2 24
$542.3M
$251.5M
Total Debt
PSA
PSA
ROP
ROP
Q1 26
$9.7B
Q4 25
$10.3B
$9.3B
Q3 25
$10.0B
Q2 25
$10.4B
Q1 25
$9.4B
Q4 24
$9.4B
$7.6B
Q3 24
$9.5B
Q2 24
$9.4B
Stockholders' Equity
PSA
PSA
ROP
ROP
Q1 26
$18.8B
Q4 25
$9.2B
$19.9B
Q3 25
$9.3B
$20.0B
Q2 25
$9.4B
$19.6B
Q1 25
$9.6B
$19.2B
Q4 24
$9.7B
$18.9B
Q3 24
$9.6B
$18.5B
Q2 24
$9.7B
$18.1B
Total Assets
PSA
PSA
ROP
ROP
Q1 26
$34.6B
Q4 25
$20.2B
$34.6B
Q3 25
$20.1B
$34.6B
Q2 25
$20.5B
$33.2B
Q1 25
$19.6B
$31.4B
Q4 24
$19.8B
$31.3B
Q3 24
$19.8B
$31.6B
Q2 24
$19.8B
$29.8B
Debt / Equity
PSA
PSA
ROP
ROP
Q1 26
0.52×
Q4 25
1.11×
0.47×
Q3 25
1.08×
Q2 25
1.11×
Q1 25
0.99×
Q4 24
0.96×
0.40×
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
PSA
PSA
ROP
ROP
Operating Cash FlowLast quarter
$733.6M
Free Cash FlowOCF − Capex
$507.0M
FCF MarginFCF / Revenue
24.2%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSA
PSA
ROP
ROP
Q1 26
Q4 25
$733.6M
$738.0M
Q3 25
$875.1M
$869.5M
Q2 25
$872.7M
$404.1M
Q1 25
$705.1M
$528.7M
Q4 24
$768.6M
$722.2M
Q3 24
$798.8M
$755.4M
Q2 24
$895.3M
$384.1M
Free Cash Flow
PSA
PSA
ROP
ROP
Q1 26
$507.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
PSA
PSA
ROP
ROP
Q1 26
24.2%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
PSA
PSA
ROP
ROP
Q1 26
0.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
PSA
PSA
ROP
ROP
Q1 26
Q4 25
1.45×
1.72×
Q3 25
1.71×
2.18×
Q2 25
2.43×
1.07×
Q1 25
1.73×
1.60×
Q4 24
1.25×
1.56×
Q3 24
1.86×
2.05×
Q2 24
1.73×
1.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PSA
PSA

Self Storage Operations$1.1B93%
Ancillary Operations$86.9M7%

ROP
ROP

Segment breakdown not available.

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