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Side-by-side financial comparison of Public Storage (PSA) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× Public Storage). Public Storage runs the higher net margin — 41.7% vs -3.1%, a 44.8% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
PSA vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $507.1M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | -2.9% |
| Net Margin | 41.7% | -3.1% |
| Revenue YoY | 3.3% | -11.9% |
| Net Profit YoY | -17.5% | -84.0% |
| EPS (diluted) | $2.59 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M | ||
| Q1 24 | $1.2B | $913.0M |
| Q4 25 | $507.1M | $-46.0M | ||
| Q3 25 | $511.1M | $-14.0M | ||
| Q2 25 | $358.4M | $-9.0M | ||
| Q1 25 | $407.8M | $-31.0M | ||
| Q4 24 | $614.6M | $-25.0M | ||
| Q3 24 | $430.3M | $-243.0M | ||
| Q2 24 | $518.1M | $-7.0M | ||
| Q1 24 | $508.9M | $-15.0M |
| Q4 25 | 40.7% | -2.9% | ||
| Q3 25 | 42.3% | -0.5% | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 34.8% | -2.1% | ||
| Q4 24 | 52.4% | -1.4% | ||
| Q3 24 | 36.7% | -1.9% | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 44.3% | -1.3% |
| Q4 25 | 41.7% | -3.1% | ||
| Q3 25 | 41.8% | -1.0% | ||
| Q2 25 | 29.8% | -0.6% | ||
| Q1 25 | 34.5% | -2.2% | ||
| Q4 24 | 52.2% | -1.5% | ||
| Q3 24 | 36.2% | -23.4% | ||
| Q2 24 | 44.2% | -0.8% | ||
| Q1 24 | 44.0% | -1.6% |
| Q4 25 | $2.59 | $-0.28 | ||
| Q3 25 | $2.62 | $-0.08 | ||
| Q2 25 | $1.76 | $-0.05 | ||
| Q1 25 | $2.04 | $-0.18 | ||
| Q4 24 | $3.22 | $-0.17 | ||
| Q3 24 | $2.16 | $-1.81 | ||
| Q2 24 | $2.66 | $-0.06 | ||
| Q1 24 | $2.60 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $10.3B | $387.0M |
| Stockholders' EquityBook value | $9.2B | $1.5B |
| Total Assets | $20.2B | $3.3B |
| Debt / EquityLower = less leverage | 1.11× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $17.0M | ||
| Q3 25 | $296.5M | $25.0M | ||
| Q2 25 | $1.1B | $18.0M | ||
| Q1 25 | $287.2M | $16.0M | ||
| Q4 24 | $447.4M | $35.0M | ||
| Q3 24 | $599.0M | $55.0M | ||
| Q2 24 | $542.3M | $7.0M | ||
| Q1 24 | $271.6M | $7.0M |
| Q4 25 | $10.3B | $387.0M | ||
| Q3 25 | $10.0B | $387.0M | ||
| Q2 25 | $10.4B | $387.0M | ||
| Q1 25 | $9.4B | $387.0M | ||
| Q4 24 | $9.4B | $351.0M | ||
| Q3 24 | $9.5B | $352.0M | ||
| Q2 24 | $9.4B | $370.0M | ||
| Q1 24 | $9.1B | $351.0M |
| Q4 25 | $9.2B | $1.5B | ||
| Q3 25 | $9.3B | $1.6B | ||
| Q2 25 | $9.4B | $1.6B | ||
| Q1 25 | $9.6B | $1.6B | ||
| Q4 24 | $9.7B | $1.6B | ||
| Q3 24 | $9.6B | $1.7B | ||
| Q2 24 | $9.7B | $579.0M | ||
| Q1 24 | $9.9B | $582.0M |
| Q4 25 | $20.2B | $3.3B | ||
| Q3 25 | $20.1B | $3.2B | ||
| Q2 25 | $20.5B | $3.2B | ||
| Q1 25 | $19.6B | $3.3B | ||
| Q4 24 | $19.8B | $3.4B | ||
| Q3 24 | $19.8B | $3.4B | ||
| Q2 24 | $19.8B | $1.8B | ||
| Q1 24 | $19.6B | $1.8B |
| Q4 25 | 1.11× | 0.25× | ||
| Q3 25 | 1.08× | 0.24× | ||
| Q2 25 | 1.11× | 0.24× | ||
| Q1 25 | 0.99× | 0.24× | ||
| Q4 24 | 0.96× | 0.22× | ||
| Q3 24 | 0.99× | 0.21× | ||
| Q2 24 | 0.97× | 0.64× | ||
| Q1 24 | 0.91× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 1.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $7.0M | ||
| Q3 25 | $875.1M | $23.0M | ||
| Q2 25 | $872.7M | $23.0M | ||
| Q1 25 | $705.1M | $-2.0M | ||
| Q4 24 | $768.6M | $-7.0M | ||
| Q3 24 | $798.8M | $-7.0M | ||
| Q2 24 | $895.3M | $-5.0M | ||
| Q1 24 | $665.6M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.43× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.73× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
