vs
Side-by-side financial comparison of Public Storage (PSA) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× Public Storage). Public Storage runs the higher net margin — 41.7% vs -24.1%, a 65.8% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (100.0% vs 3.3%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (24.5% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
PSA vs SNOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2027
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $507.1M | $-309.6M |
| Gross Margin | — | 66.8% |
| Operating Margin | 40.7% | 8.4% |
| Net Margin | 41.7% | -24.1% |
| Revenue YoY | 3.3% | 100.0% |
| Net Profit YoY | -17.5% | 5.5% |
| EPS (diluted) | $2.59 | $-0.90 |
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 26 | — | $1.3B | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $986.8M | ||
| Q4 24 | $1.2B | $942.1M | ||
| Q3 24 | $1.2B | $868.8M | ||
| Q2 24 | $1.2B | $828.7M |
| Q4 26 | — | $-309.6M | ||
| Q4 25 | $507.1M | $-294.0M | ||
| Q3 25 | $511.1M | $-298.0M | ||
| Q2 25 | $358.4M | $-430.1M | ||
| Q1 25 | $407.8M | $-327.5M | ||
| Q4 24 | $614.6M | $-324.3M | ||
| Q3 24 | $430.3M | $-316.9M | ||
| Q2 24 | $518.1M | $-317.0M |
| Q4 26 | — | 66.8% | ||
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% |
| Q4 26 | — | 8.4% | ||
| Q4 25 | 40.7% | -27.2% | ||
| Q3 25 | 42.3% | -29.7% | ||
| Q2 25 | 30.4% | -42.9% | ||
| Q1 25 | 34.8% | -39.2% | ||
| Q4 24 | 52.4% | -38.8% | ||
| Q3 24 | 36.7% | -40.9% | ||
| Q2 24 | 44.6% | -42.1% |
| Q4 26 | — | -24.1% | ||
| Q4 25 | 41.7% | -24.2% | ||
| Q3 25 | 41.8% | -26.0% | ||
| Q2 25 | 29.8% | -41.3% | ||
| Q1 25 | 34.5% | -33.2% | ||
| Q4 24 | 52.2% | -34.4% | ||
| Q3 24 | 36.2% | -36.5% | ||
| Q2 24 | 44.2% | -38.3% |
| Q4 26 | — | $-0.90 | ||
| Q4 25 | $2.59 | $-0.87 | ||
| Q3 25 | $2.62 | $-0.89 | ||
| Q2 25 | $1.76 | $-1.29 | ||
| Q1 25 | $2.04 | $-0.98 | ||
| Q4 24 | $3.22 | $-0.98 | ||
| Q3 24 | $2.16 | $-0.95 | ||
| Q2 24 | $2.66 | $-0.95 |
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 | $4.0B |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $9.2B | — |
| Total Assets | $20.2B | $9.1B |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | — | $4.0B | ||
| Q4 25 | $318.1M | $1.9B | ||
| Q3 25 | $296.5M | $1.9B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $287.2M | $2.6B | ||
| Q4 24 | $447.4M | $2.1B | ||
| Q3 24 | $599.0M | $1.3B | ||
| Q2 24 | $542.3M | $1.3B |
| Q4 26 | — | — | ||
| 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 | — |
| Q4 26 | — | — | ||
| Q4 25 | $9.2B | $2.1B | ||
| Q3 25 | $9.3B | $2.4B | ||
| Q2 25 | $9.4B | $2.4B | ||
| Q1 25 | $9.6B | $3.0B | ||
| Q4 24 | $9.7B | $2.9B | ||
| Q3 24 | $9.6B | $4.1B | ||
| Q2 24 | $9.7B | $4.6B |
| Q4 26 | — | $9.1B | ||
| Q4 25 | $20.2B | $8.2B | ||
| Q3 25 | $20.1B | $8.2B | ||
| Q2 25 | $20.5B | $8.2B | ||
| Q1 25 | $19.6B | $9.0B | ||
| Q4 24 | $19.8B | $8.2B | ||
| Q3 24 | $19.8B | $6.9B | ||
| Q2 24 | $19.8B | $7.3B |
| Q4 26 | — | — | ||
| 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× | — |
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 | $781.2M |
| Free Cash FlowOCF − Capex | — | $765.1M |
| FCF MarginFCF / Revenue | — | 59.6% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.45× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | — | $781.2M | ||
| Q4 25 | $733.6M | $137.5M | ||
| Q3 25 | $875.1M | $74.9M | ||
| Q2 25 | $872.7M | $228.4M | ||
| Q1 25 | $705.1M | $432.7M | ||
| Q4 24 | $768.6M | $101.7M | ||
| Q3 24 | $798.8M | $69.9M | ||
| Q2 24 | $895.3M | $355.5M |
| Q4 26 | — | $765.1M | ||
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M |
| Q4 26 | — | 59.6% | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% |
| Q4 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% |
| Q4 26 | — | — | ||
| 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× | — |
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% |
SNOW
| Product revenue | $1.2B | 96% |
| Other | $57.4M | 4% |
