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Side-by-side financial comparison of Public Storage (PSA) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $622.0M, roughly 2.0× Royalty Pharma plc). Public Storage runs the higher net margin — 41.7% vs 34.4%, a 7.3% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 3.3%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% 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.
Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.
PSA vs RPRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $622.0M |
| Net Profit | $507.1M | $214.2M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | 62.4% |
| Net Margin | 41.7% | 34.4% |
| Revenue YoY | 3.3% | 4.8% |
| Net Profit YoY | -17.5% | 2.9% |
| EPS (diluted) | $2.59 | $0.49 |
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 | $622.0M | ||
| Q3 25 | $1.2B | $609.3M | ||
| Q2 25 | $1.2B | $578.7M | ||
| Q1 25 | $1.2B | $568.2M | ||
| Q4 24 | $1.2B | $593.6M | ||
| Q3 24 | $1.2B | $564.7M | ||
| Q2 24 | $1.2B | $537.3M | ||
| Q1 24 | $1.2B | $568.0M |
| Q4 25 | $507.1M | $214.2M | ||
| Q3 25 | $511.1M | $288.2M | ||
| Q2 25 | $358.4M | $30.2M | ||
| Q1 25 | $407.8M | $238.3M | ||
| Q4 24 | $614.6M | $208.2M | ||
| Q3 24 | $430.3M | $544.0M | ||
| Q2 24 | $518.1M | $102.0M | ||
| Q1 24 | $508.9M | $4.8M |
| Q4 25 | 40.7% | 62.4% | ||
| Q3 25 | 42.3% | 70.1% | ||
| Q2 25 | 30.4% | 36.3% | ||
| Q1 25 | 34.8% | 94.0% | ||
| Q4 24 | 52.4% | 60.9% | ||
| Q3 24 | 36.7% | — | ||
| Q2 24 | 44.6% | 50.2% | ||
| Q1 24 | 44.3% | -13.0% |
| Q4 25 | 41.7% | 34.4% | ||
| Q3 25 | 41.8% | 47.3% | ||
| Q2 25 | 29.8% | 5.2% | ||
| Q1 25 | 34.5% | 41.9% | ||
| Q4 24 | 52.2% | 35.1% | ||
| Q3 24 | 36.2% | 96.3% | ||
| Q2 24 | 44.2% | 19.0% | ||
| Q1 24 | 44.0% | 0.8% |
| Q4 25 | $2.59 | $0.49 | ||
| Q3 25 | $2.62 | $0.67 | ||
| Q2 25 | $1.76 | $0.07 | ||
| Q1 25 | $2.04 | $0.55 | ||
| Q4 24 | $3.22 | $0.46 | ||
| Q3 24 | $2.16 | $1.21 | ||
| Q2 24 | $2.66 | $0.23 | ||
| Q1 24 | $2.60 | $0.01 |
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 | $618.7M |
| Total DebtLower is stronger | $10.3B | $9.0B |
| Stockholders' EquityBook value | $9.2B | $9.7B |
| Total Assets | $20.2B | $19.6B |
| Debt / EquityLower = less leverage | 1.11× | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $618.7M | ||
| Q3 25 | $296.5M | $938.9M | ||
| Q2 25 | $1.1B | $631.9M | ||
| Q1 25 | $287.2M | $1.1B | ||
| Q4 24 | $447.4M | $929.0M | ||
| Q3 24 | $599.0M | $950.1M | ||
| Q2 24 | $542.3M | $1.8B | ||
| Q1 24 | $271.6M | $843.0M |
| Q4 25 | $10.3B | $9.0B | ||
| Q3 25 | $10.0B | $8.9B | ||
| Q2 25 | $10.4B | $8.0B | ||
| Q1 25 | $9.4B | $7.6B | ||
| Q4 24 | $9.4B | $7.6B | ||
| Q3 24 | $9.5B | $7.6B | ||
| Q2 24 | $9.4B | $7.6B | ||
| Q1 24 | $9.1B | $6.1B |
| Q4 25 | $9.2B | $9.7B | ||
| Q3 25 | $9.3B | $9.6B | ||
| Q2 25 | $9.4B | $9.5B | ||
| Q1 25 | $9.6B | $9.8B | ||
| Q4 24 | $9.7B | $10.3B | ||
| Q3 24 | $9.6B | $10.3B | ||
| Q2 24 | $9.7B | $9.8B | ||
| Q1 24 | $9.9B | $9.9B |
| Q4 25 | $20.2B | $19.6B | ||
| Q3 25 | $20.1B | $19.3B | ||
| Q2 25 | $20.5B | $18.3B | ||
| Q1 25 | $19.6B | $17.6B | ||
| Q4 24 | $19.8B | $18.2B | ||
| Q3 24 | $19.8B | $18.0B | ||
| Q2 24 | $19.8B | $17.7B | ||
| Q1 24 | $19.6B | $16.1B |
| Q4 25 | 1.11× | 0.92× | ||
| Q3 25 | 1.08× | 0.93× | ||
| Q2 25 | 1.11× | 0.84× | ||
| Q1 25 | 0.99× | 0.78× | ||
| Q4 24 | 0.96× | 0.74× | ||
| Q3 24 | 0.99× | 0.74× | ||
| Q2 24 | 0.97× | 0.78× | ||
| Q1 24 | 0.91× | 0.62× |
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 | $827.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.45× | 3.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $827.1M | ||
| Q3 25 | $875.1M | $702.6M | ||
| Q2 25 | $872.7M | $364.0M | ||
| Q1 25 | $705.1M | $596.1M | ||
| Q4 24 | $768.6M | $742.5M | ||
| Q3 24 | $798.8M | $703.6M | ||
| Q2 24 | $895.3M | $658.2M | ||
| Q1 24 | $665.6M | $664.6M |
| Q4 25 | 1.45× | 3.86× | ||
| Q3 25 | 1.71× | 2.44× | ||
| Q2 25 | 2.43× | 12.06× | ||
| Q1 25 | 1.73× | 2.50× | ||
| Q4 24 | 1.25× | 3.57× | ||
| Q3 24 | 1.86× | 1.29× | ||
| Q2 24 | 1.73× | 6.45× | ||
| Q1 24 | 1.31× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
