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Side-by-side financial comparison of Public Storage (PSA) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $661.7M, roughly 1.8× SouthState Bank Corp). Public Storage runs the higher net margin — 41.7% vs 34.1%, a 7.6% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
PSA vs SSB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $661.7M |
| Net Profit | $507.1M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | 15.1% |
| Net Margin | 41.7% | 34.1% |
| Revenue YoY | 3.3% | — |
| Net Profit YoY | -17.5% | 153.5% |
| EPS (diluted) | $2.59 | $2.28 |
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.
| Q1 26 | — | $661.7M | ||
| Q4 25 | $1.2B | $581.1M | ||
| Q3 25 | $1.2B | $599.7M | ||
| Q2 25 | $1.2B | $577.9M | ||
| Q1 25 | $1.2B | $544.5M | ||
| Q4 24 | $1.2B | $369.8M | ||
| Q3 24 | $1.2B | $351.5M | ||
| Q2 24 | $1.2B | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $507.1M | $247.7M | ||
| Q3 25 | $511.1M | $246.6M | ||
| Q2 25 | $358.4M | $215.2M | ||
| Q1 25 | $407.8M | $89.1M | ||
| Q4 24 | $614.6M | $144.2M | ||
| Q3 24 | $430.3M | $143.2M | ||
| Q2 24 | $518.1M | $132.4M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 40.7% | 54.3% | ||
| Q3 25 | 42.3% | 53.6% | ||
| Q2 25 | 30.4% | 48.8% | ||
| Q1 25 | 34.8% | 22.3% | ||
| Q4 24 | 52.4% | 50.7% | ||
| Q3 24 | 36.7% | 53.1% | ||
| Q2 24 | 44.6% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 41.7% | 42.6% | ||
| Q3 25 | 41.8% | 41.1% | ||
| Q2 25 | 29.8% | 37.2% | ||
| Q1 25 | 34.5% | 16.4% | ||
| Q4 24 | 52.2% | 39.0% | ||
| Q3 24 | 36.2% | 40.7% | ||
| Q2 24 | 44.2% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $2.59 | $2.47 | ||
| Q3 25 | $2.62 | $2.42 | ||
| Q2 25 | $1.76 | $2.11 | ||
| Q1 25 | $2.04 | $0.87 | ||
| Q4 24 | $3.22 | $1.88 | ||
| Q3 24 | $2.16 | $1.86 | ||
| Q2 24 | $2.66 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $9.2B | $9.0B |
| Total Assets | $20.2B | $68.0B |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $318.1M | — | ||
| Q3 25 | $296.5M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $287.2M | — | ||
| Q4 24 | $447.4M | — | ||
| Q3 24 | $599.0M | — | ||
| Q2 24 | $542.3M | — |
| Q1 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 | — |
| Q1 26 | — | $9.0B | ||
| Q4 25 | $9.2B | $9.1B | ||
| Q3 25 | $9.3B | $9.0B | ||
| Q2 25 | $9.4B | $8.8B | ||
| Q1 25 | $9.6B | $8.6B | ||
| Q4 24 | $9.7B | $5.9B | ||
| Q3 24 | $9.6B | $5.9B | ||
| Q2 24 | $9.7B | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $20.2B | $67.2B | ||
| Q3 25 | $20.1B | $66.0B | ||
| Q2 25 | $20.5B | $65.9B | ||
| Q1 25 | $19.6B | $65.1B | ||
| Q4 24 | $19.8B | $46.4B | ||
| Q3 24 | $19.8B | $46.1B | ||
| Q2 24 | $19.8B | $45.5B |
| Q1 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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $733.6M | $232.1M | ||
| Q3 25 | $875.1M | $122.4M | ||
| Q2 25 | $872.7M | $72.6M | ||
| Q1 25 | $705.1M | $-126.3M | ||
| Q4 24 | $768.6M | $354.3M | ||
| Q3 24 | $798.8M | $-246.8M | ||
| Q2 24 | $895.3M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $215.5M | ||
| Q3 25 | — | $101.7M | ||
| Q2 25 | — | $52.5M | ||
| Q1 25 | — | $-139.1M | ||
| Q4 24 | — | $340.9M | ||
| Q3 24 | — | $-254.2M | ||
| Q2 24 | — | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -25.5% | ||
| Q4 24 | — | 92.2% | ||
| Q3 24 | — | -72.3% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | 0.94× | ||
| Q3 25 | 1.71× | 0.50× | ||
| Q2 25 | 2.43× | 0.34× | ||
| Q1 25 | 1.73× | -1.42× | ||
| Q4 24 | 1.25× | 2.46× | ||
| Q3 24 | 1.86× | -1.72× | ||
| Q2 24 | 1.73× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
