vs
Side-by-side financial comparison of Public Storage (PSA) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Public Storage). Public Storage runs the higher net margin — 41.7% vs 3.1%, a 38.6% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs 2.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
PSA vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $507.1M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 40.7% | 11.4% |
| Net Margin | 41.7% | 3.1% |
| Revenue YoY | 3.3% | 2.6% |
| Net Profit YoY | -17.5% | 700.0% |
| EPS (diluted) | $2.59 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $507.1M | $43.8M | ||
| Q3 25 | $511.1M | $255.1M | ||
| Q2 25 | $358.4M | $93.1M | ||
| Q1 25 | $407.8M | $113.5M | ||
| Q4 24 | $614.6M | $-7.3M | ||
| Q3 24 | $430.3M | $91.7M | ||
| Q2 24 | $518.1M | $98.3M | ||
| Q1 24 | $508.9M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 40.7% | 11.4% | ||
| Q3 25 | 42.3% | 13.8% | ||
| Q2 25 | 30.4% | 15.0% | ||
| Q1 25 | 34.8% | 14.5% | ||
| Q4 24 | 52.4% | 11.7% | ||
| Q3 24 | 36.7% | 13.9% | ||
| Q2 24 | 44.6% | 15.4% | ||
| Q1 24 | 44.3% | 14.0% |
| Q4 25 | 41.7% | 3.1% | ||
| Q3 25 | 41.8% | 19.0% | ||
| Q2 25 | 29.8% | 7.0% | ||
| Q1 25 | 34.5% | 9.0% | ||
| Q4 24 | 52.2% | -0.5% | ||
| Q3 24 | 36.2% | 6.9% | ||
| Q2 24 | 44.2% | 7.4% | ||
| Q1 24 | 44.0% | 6.2% |
| Q4 25 | $2.59 | $0.30 | ||
| Q3 25 | $2.62 | $1.73 | ||
| Q2 25 | $1.76 | $0.63 | ||
| Q1 25 | $2.04 | $0.77 | ||
| Q4 24 | $3.22 | $-0.05 | ||
| Q3 24 | $2.16 | $0.63 | ||
| Q2 24 | $2.66 | $0.67 | ||
| Q1 24 | $2.60 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $10.3B | $3.3B |
| Stockholders' EquityBook value | $9.2B | $1.2B |
| Total Assets | $20.2B | $7.0B |
| Debt / EquityLower = less leverage | 1.11× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $344.0M | ||
| Q3 25 | $296.5M | $282.5M | ||
| Q2 25 | $1.1B | $354.4M | ||
| Q1 25 | $287.2M | $335.2M | ||
| Q4 24 | $447.4M | $371.8M | ||
| Q3 24 | $599.0M | $386.0M | ||
| Q2 24 | $542.3M | $388.6M | ||
| Q1 24 | $271.6M | $352.8M |
| Q4 25 | $10.3B | $3.3B | ||
| Q3 25 | $10.0B | $4.0B | ||
| Q2 25 | $10.4B | $4.0B | ||
| Q1 25 | $9.4B | $4.2B | ||
| Q4 24 | $9.4B | $4.2B | ||
| Q3 24 | $9.5B | $4.3B | ||
| Q2 24 | $9.4B | $4.4B | ||
| Q1 24 | $9.1B | $4.5B |
| Q4 25 | $9.2B | $1.2B | ||
| Q3 25 | $9.3B | $1.2B | ||
| Q2 25 | $9.4B | $953.1M | ||
| Q1 25 | $9.6B | $797.9M | ||
| Q4 24 | $9.7B | $624.5M | ||
| Q3 24 | $9.6B | $771.2M | ||
| Q2 24 | $9.7B | $650.1M | ||
| Q1 24 | $9.9B | $598.3M |
| Q4 25 | $20.2B | $7.0B | ||
| Q3 25 | $20.1B | $7.1B | ||
| Q2 25 | $20.5B | $7.2B | ||
| Q1 25 | $19.6B | $7.0B | ||
| Q4 24 | $19.8B | $7.0B | ||
| Q3 24 | $19.8B | $7.3B | ||
| Q2 24 | $19.8B | $7.3B | ||
| Q1 24 | $19.6B | $7.2B |
| Q4 25 | 1.11× | 2.65× | ||
| Q3 25 | 1.08× | 3.34× | ||
| Q2 25 | 1.11× | 4.18× | ||
| Q1 25 | 0.99× | 5.26× | ||
| Q4 24 | 0.96× | 6.72× | ||
| Q3 24 | 0.99× | 5.62× | ||
| Q2 24 | 0.97× | 6.81× | ||
| Q1 24 | 0.91× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 1.45× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $293.6M | ||
| Q3 25 | $875.1M | $165.9M | ||
| Q2 25 | $872.7M | $136.6M | ||
| Q1 25 | $705.1M | $31.9M | ||
| Q4 24 | $768.6M | $244.2M | ||
| Q3 24 | $798.8M | $170.5M | ||
| Q2 24 | $895.3M | $188.2M | ||
| Q1 24 | $665.6M | $125.1M |
| Q4 25 | — | $257.7M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $185.1M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $78.0M |
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | 1.45× | 6.70× | ||
| Q3 25 | 1.71× | 0.65× | ||
| Q2 25 | 2.43× | 1.47× | ||
| Q1 25 | 1.73× | 0.28× | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.86× | 1.86× | ||
| Q2 24 | 1.73× | 1.91× | ||
| Q1 24 | 1.31× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
