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Side-by-side financial comparison of Public Storage (PSA) and SM Energy Co (SM). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $704.9M, roughly 1.7× SM Energy Co). On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
PSA vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $704.9M |
| Net Profit | $507.1M | — |
| Gross Margin | — | — |
| Operating Margin | 40.7% | 25.9% |
| Net Margin | 41.7% | — |
| Revenue YoY | 3.3% | -17.3% |
| Net Profit YoY | -17.5% | — |
| EPS (diluted) | $2.59 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $1.2B | $811.6M | ||
| Q2 25 | $1.2B | $792.9M | ||
| Q1 25 | $1.2B | $844.5M | ||
| Q4 24 | $1.2B | $852.0M | ||
| Q3 24 | $1.2B | $643.6M | ||
| Q2 24 | $1.2B | $634.6M | ||
| Q1 24 | $1.2B | $559.9M |
| Q4 25 | $507.1M | — | ||
| Q3 25 | $511.1M | $155.1M | ||
| Q2 25 | $358.4M | $201.7M | ||
| Q1 25 | $407.8M | $182.3M | ||
| Q4 24 | $614.6M | — | ||
| Q3 24 | $430.3M | $240.5M | ||
| Q2 24 | $518.1M | $210.3M | ||
| Q1 24 | $508.9M | $131.2M |
| Q4 25 | 40.7% | 25.9% | ||
| Q3 25 | 42.3% | 30.4% | ||
| Q2 25 | 30.4% | 37.2% | ||
| Q1 25 | 34.8% | 32.7% | ||
| Q4 24 | 52.4% | 33.7% | ||
| Q3 24 | 36.7% | 51.4% | ||
| Q2 24 | 44.6% | 44.0% | ||
| Q1 24 | 44.3% | 31.9% |
| Q4 25 | 41.7% | — | ||
| Q3 25 | 41.8% | 19.1% | ||
| Q2 25 | 29.8% | 25.4% | ||
| Q1 25 | 34.5% | 21.6% | ||
| Q4 24 | 52.2% | — | ||
| Q3 24 | 36.2% | 37.4% | ||
| Q2 24 | 44.2% | 33.1% | ||
| Q1 24 | 44.0% | 23.4% |
| Q4 25 | $2.59 | $0.94 | ||
| Q3 25 | $2.62 | $1.35 | ||
| Q2 25 | $1.76 | $1.76 | ||
| Q1 25 | $2.04 | $1.59 | ||
| Q4 24 | $3.22 | $1.63 | ||
| Q3 24 | $2.16 | $2.09 | ||
| Q2 24 | $2.66 | $1.82 | ||
| Q1 24 | $2.60 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $9.2B | $4.8B |
| Total Assets | $20.2B | $9.3B |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $368.0M | ||
| Q3 25 | $296.5M | $162.3M | ||
| Q2 25 | $1.1B | $101.9M | ||
| Q1 25 | $287.2M | $54.0K | ||
| Q4 24 | $447.4M | — | ||
| Q3 24 | $599.0M | $1.7B | ||
| Q2 24 | $542.3M | $487.9M | ||
| Q1 24 | $271.6M | $506.3M |
| Q4 25 | $10.3B | — | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $9.4B | — | ||
| Q3 24 | $9.5B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.1B | — |
| Q4 25 | $9.2B | $4.8B | ||
| Q3 25 | $9.3B | $4.7B | ||
| Q2 25 | $9.4B | $4.6B | ||
| Q1 25 | $9.6B | $4.4B | ||
| Q4 24 | $9.7B | $4.2B | ||
| Q3 24 | $9.6B | $4.1B | ||
| Q2 24 | $9.7B | $3.8B | ||
| Q1 24 | $9.9B | $3.7B |
| Q4 25 | $20.2B | $9.3B | ||
| Q3 25 | $20.1B | $9.1B | ||
| Q2 25 | $20.5B | $9.0B | ||
| Q1 25 | $19.6B | $8.8B | ||
| Q4 24 | $19.8B | $8.6B | ||
| Q3 24 | $19.8B | $8.0B | ||
| Q2 24 | $19.8B | $6.7B | ||
| Q1 24 | $19.6B | $6.4B |
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.96× | — | ||
| Q3 24 | 0.99× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | 0.91× | — |
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 | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $451.9M | ||
| Q3 25 | $875.1M | $505.0M | ||
| Q2 25 | $872.7M | $571.1M | ||
| Q1 25 | $705.1M | $483.0M | ||
| Q4 24 | $768.6M | $578.4M | ||
| Q3 24 | $798.8M | $452.3M | ||
| Q2 24 | $895.3M | $476.4M | ||
| Q1 24 | $665.6M | $276.0M |
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.71× | 3.26× | ||
| Q2 25 | 2.43× | 2.83× | ||
| Q1 25 | 1.73× | 2.65× | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.86× | 1.88× | ||
| Q2 24 | 1.73× | 2.27× | ||
| Q1 24 | 1.31× | 2.10× |
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% |
SM
Segment breakdown not available.
