How do Public Storage and Sunrun Inc. compare by revenue?

Public Storage reported revenue of $1.2B in Q4 FY2025, while Sunrun Inc. reported $1.2B in Q4 FY2025. Public Storage is 1.0× larger by last-quarter revenue.

Which is growing revenue faster, Public Storage or Sunrun Inc.?

Public Storage's latest revenue grew 3.3% year-over-year, versus 123.5% for Sunrun Inc.. Sunrun Inc. is growing faster on a YoY basis.

Which has a higher net margin, Public Storage or Sunrun Inc.?

Public Storage's net margin is 41.7% vs Sunrun Inc.'s 8.9%. Public Storage has the higher bottom-line margin.

What is the 2-year revenue CAGR for Public Storage vs Sunrun Inc.?

Over the trailing 8 quarters, Public Storage compounded revenue at roughly 2.5% per year, versus 59.0% for Sunrun Inc.. Sunrun Inc. has the faster medium-term growth trajectory.

Where does this PSA vs RUN data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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

Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× Sunrun Inc.). Public Storage runs the higher net margin — 41.7% vs 8.9%, a 32.8% gap on every dollar of revenue. On growth, Sunrun Inc. posted the faster year-over-year revenue change (123.5% vs 3.3%). Over the past eight quarters, Sunrun Inc.'s revenue compounded faster (59.0% CAGR vs 2.5%).

Public StoragePSAEarnings & Financial Report

NYSE · Real Estate · Self-Storage REITs

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.

Sunrun Inc.RUNEarnings & Financial Report

Nasdaq · Industrials · Miscellaneous Electrical Machinery, Equipment & Supplies

Sunrun Inc. is an American provider of photovoltaic systems and battery energy storage products, primarily for residential customers. The company was established in 2007 and is headquartered in San Francisco, California.

PSA vs RUN — Head-to-Head

Bigger by revenue

PSA

1.0× larger

$1.2B

Growing faster (revenue YoY)

RUN

+120.2% gap

123.5%

3.3%

Higher net margin

PSA

32.8% more per $

41.7%

8.9%

Faster 2-yr revenue CAGR

RUN

Annualised

59.0%

2.5%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	PSA	RUN
Revenue	$1.2B	$1.2B
Net Profit	$507.1M	$103.6M
Gross Margin	—	—
Operating Margin	40.7%	8.4%
Net Margin	41.7%	8.9%
Revenue YoY	3.3%	123.5%
Net Profit YoY	-17.5%	103.7%
EPS (diluted)	$2.59	$0.38

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

RUN

Q4 25	$1.2B	$1.2B
Q3 25	$1.2B	$724.6M
Q2 25	$1.2B	$569.3M
Q1 25	$1.2B	$504.3M
Q4 24	$1.2B	$518.5M
Q3 24	$1.2B	$537.2M
Q2 24	$1.2B	$523.9M
Q1 24	$1.2B	$458.2M

Net Profit

PSA

RUN

Q4 25	$507.1M	$103.6M
Q3 25	$511.1M	$16.6M
Q2 25	$358.4M	$279.8M
Q1 25	$407.8M	$50.0M
Q4 24	$614.6M	$-2.8B
Q3 24	$430.3M	$-83.8M
Q2 24	$518.1M	$139.1M
Q1 24	$508.9M	$-87.8M

Operating Margin

PSA

RUN

Q4 25	40.7%	8.4%
Q3 25	42.3%	0.5%
Q2 25	30.4%	-19.7%
Q1 25	34.8%	-22.8%
Q4 24	52.4%	-628.0%
Q3 24	36.7%	-23.8%
Q2 24	44.6%	-24.4%
Q1 24	44.3%	-40.0%

Net Margin

PSA

RUN

Q4 25	41.7%	8.9%
Q3 25	41.8%	2.3%
Q2 25	29.8%	49.1%
Q1 25	34.5%	9.9%
Q4 24	52.2%	-542.7%
Q3 24	36.2%	-15.6%
Q2 24	44.2%	26.5%
Q1 24	44.0%	-19.2%

EPS (diluted)

PSA

RUN

Q4 25	$2.59	$0.38
Q3 25	$2.62	$0.06
Q2 25	$1.76	$1.07
Q1 25	$2.04	$0.20
Q4 24	$3.22	$-12.59
Q3 24	$2.16	$-0.37
Q2 24	$2.66	$0.55
Q1 24	$2.60	$-0.40

Balance Sheet & Financial Strength

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

Metric	PSA	RUN
Cash + ST InvestmentsLiquidity on hand	$318.1M	—
Total DebtLower is stronger	$10.3B	$14.7B
Stockholders' EquityBook value	$9.2B	$3.1B
Total Assets	$20.2B	$22.6B
Debt / EquityLower = less leverage	1.11×	4.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

PSA

RUN

Q4 25	$318.1M	—
Q3 25	$296.5M	—
Q2 25	$1.1B	—
Q1 25	$287.2M	—
Q4 24	$447.4M	—
Q3 24	$599.0M	—
Q2 24	$542.3M	—
Q1 24	$271.6M	—

Total Debt

PSA

RUN

Q4 25	$10.3B	$14.7B
Q3 25	$10.0B	$14.6B
Q2 25	$10.4B	$14.0B
Q1 25	$9.4B	$13.6B
Q4 24	$9.4B	$12.9B
Q3 24	$9.5B	$12.5B
Q2 24	$9.4B	$12.0B
Q1 24	$9.1B	$11.1B

Stockholders' Equity

PSA

RUN

Q4 25	$9.2B	$3.1B
Q3 25	$9.3B	$3.0B
Q2 25	$9.4B	$2.9B
Q1 25	$9.6B	$2.6B
Q4 24	$9.7B	$2.6B
Q3 24	$9.6B	$5.3B
Q2 24	$9.7B	$5.4B
Q1 24	$9.9B	$5.2B

Total Assets

PSA

RUN

Q4 25	$20.2B	$22.6B
Q3 25	$20.1B	$22.2B
Q2 25	$20.5B	$21.2B
Q1 25	$19.6B	$20.4B
Q4 24	$19.8B	$19.9B
Q3 24	$19.8B	$22.1B
Q2 24	$19.8B	$21.4B
Q1 24	$19.6B	$20.8B

Debt / Equity

PSA

RUN

Q4 25	1.11×	4.69×
Q3 25	1.08×	4.90×
Q2 25	1.11×	4.80×
Q1 25	0.99×	5.19×
Q4 24	0.96×	5.05×
Q3 24	0.99×	2.36×
Q2 24	0.97×	2.23×
Q1 24	0.91×	2.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	PSA	RUN
Operating Cash FlowLast quarter	$733.6M	$96.9M
Free Cash FlowOCF − Capex	—	—
FCF MarginFCF / Revenue	—	—
Capex IntensityCapex / Revenue	—	—
Cash ConversionOCF / Net Profit	1.45×	0.94×
TTM Free Cash FlowTrailing 4 quarters	—	—

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

PSA

RUN

Q4 25	$733.6M	$96.9M
Q3 25	$875.1M	$-121.5M
Q2 25	$872.7M	$-292.7M
Q1 25	$705.1M	$-104.2M
Q4 24	$768.6M	$-258.4M
Q3 24	$798.8M	$-156.2M
Q2 24	$895.3M	$-208.5M
Q1 24	$665.6M	$-143.1M