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Side-by-side financial comparison of Public Storage (PSA) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $836.0M, roughly 1.5× Sinclair, Inc.). Public Storage runs the higher net margin — 41.7% vs 13.0%, a 28.7% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -16.7%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs 2.4%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
PSA vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $836.0M |
| Net Profit | $507.1M | $109.0M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | 9.6% |
| Net Margin | 41.7% | 13.0% |
| Revenue YoY | 3.3% | -16.7% |
| Net Profit YoY | -17.5% | -38.1% |
| EPS (diluted) | $2.59 | $1.62 |
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 | $836.0M | ||
| Q3 25 | $1.2B | $773.0M | ||
| Q2 25 | $1.2B | $784.0M | ||
| Q1 25 | $1.2B | $776.0M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $917.0M | ||
| Q2 24 | $1.2B | $829.0M | ||
| Q1 24 | $1.2B | $798.0M |
| Q4 25 | $507.1M | $109.0M | ||
| Q3 25 | $511.1M | $-1.0M | ||
| Q2 25 | $358.4M | $-64.0M | ||
| Q1 25 | $407.8M | $-156.0M | ||
| Q4 24 | $614.6M | $176.0M | ||
| Q3 24 | $430.3M | $94.0M | ||
| Q2 24 | $518.1M | $17.0M | ||
| Q1 24 | $508.9M | $23.0M |
| Q4 25 | 40.7% | 9.6% | ||
| Q3 25 | 42.3% | 7.5% | ||
| Q2 25 | 30.4% | 2.7% | ||
| Q1 25 | 34.8% | 1.8% | ||
| Q4 24 | 52.4% | 26.5% | ||
| Q3 24 | 36.7% | 19.5% | ||
| Q2 24 | 44.6% | 7.7% | ||
| Q1 24 | 44.3% | 5.3% |
| Q4 25 | 41.7% | 13.0% | ||
| Q3 25 | 41.8% | -0.1% | ||
| Q2 25 | 29.8% | -8.2% | ||
| Q1 25 | 34.5% | -20.1% | ||
| Q4 24 | 52.2% | 17.5% | ||
| Q3 24 | 36.2% | 10.3% | ||
| Q2 24 | 44.2% | 2.1% | ||
| Q1 24 | 44.0% | 2.9% |
| Q4 25 | $2.59 | $1.62 | ||
| Q3 25 | $2.62 | $-0.02 | ||
| Q2 25 | $1.76 | $-0.91 | ||
| Q1 25 | $2.04 | $-2.30 | ||
| Q4 24 | $3.22 | $2.64 | ||
| Q3 24 | $2.16 | $1.43 | ||
| Q2 24 | $2.66 | $0.27 | ||
| Q1 24 | $2.60 | $0.35 |
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 | $866.0M |
| Total DebtLower is stronger | $10.3B | $4.4B |
| Stockholders' EquityBook value | $9.2B | $443.0M |
| Total Assets | $20.2B | $5.9B |
| Debt / EquityLower = less leverage | 1.11× | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $866.0M | ||
| Q3 25 | $296.5M | $526.0M | ||
| Q2 25 | $1.1B | $616.0M | ||
| Q1 25 | $287.2M | $631.0M | ||
| Q4 24 | $447.4M | $697.0M | ||
| Q3 24 | $599.0M | $536.0M | ||
| Q2 24 | $542.3M | $378.0M | ||
| Q1 24 | $271.6M | $655.0M |
| Q4 25 | $10.3B | $4.4B | ||
| Q3 25 | $10.0B | $4.1B | ||
| Q2 25 | $10.4B | $4.1B | ||
| Q1 25 | $9.4B | $4.2B | ||
| Q4 24 | $9.4B | $4.1B | ||
| Q3 24 | $9.5B | $4.1B | ||
| Q2 24 | $9.4B | $4.1B | ||
| Q1 24 | $9.1B | $4.1B |
| Q4 25 | $9.2B | $443.0M | ||
| Q3 25 | $9.3B | $347.0M | ||
| Q2 25 | $9.4B | $361.0M | ||
| Q1 25 | $9.6B | $436.0M | ||
| Q4 24 | $9.7B | $583.0M | ||
| Q3 24 | $9.6B | $415.0M | ||
| Q2 24 | $9.7B | $340.0M | ||
| Q1 24 | $9.9B | $333.0M |
| Q4 25 | $20.2B | $5.9B | ||
| Q3 25 | $20.1B | $5.6B | ||
| Q2 25 | $20.5B | $5.7B | ||
| Q1 25 | $19.6B | $5.8B | ||
| Q4 24 | $19.8B | $5.9B | ||
| Q3 24 | $19.8B | $5.8B | ||
| Q2 24 | $19.8B | $5.7B | ||
| Q1 24 | $19.6B | $6.0B |
| Q4 25 | 1.11× | 9.84× | ||
| Q3 25 | 1.08× | 11.75× | ||
| Q2 25 | 1.11× | 11.30× | ||
| Q1 25 | 0.99× | 9.56× | ||
| Q4 24 | 0.96× | 7.02× | ||
| Q3 24 | 0.99× | 9.86× | ||
| Q2 24 | 0.97× | 12.08× | ||
| Q1 24 | 0.91× | 12.35× |
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 | $98.0M |
| Free Cash FlowOCF − Capex | — | $79.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 1.45× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $98.0M | ||
| Q3 25 | $875.1M | $-36.0M | ||
| Q2 25 | $872.7M | $122.0M | ||
| Q1 25 | $705.1M | $5.0M | ||
| Q4 24 | $768.6M | $198.0M | ||
| Q3 24 | $798.8M | $210.0M | ||
| Q2 24 | $895.3M | $-306.0M | ||
| Q1 24 | $665.6M | $-4.0M |
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M | ||
| Q1 24 | — | $-25.0M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | 1.45× | 0.90× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.43× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.25× | 1.13× | ||
| Q3 24 | 1.86× | 2.23× | ||
| Q2 24 | 1.73× | -18.00× | ||
| Q1 24 | 1.31× | -0.17× |
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% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
