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Side-by-side financial comparison of Public Storage (PSA) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Public Storage). Public Storage runs the higher net margin — 41.7% vs 14.4%, a 27.3% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs 3.3%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
PSA vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.1B |
| Net Profit | $507.1M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | 22.0% |
| Net Margin | 41.7% | 14.4% |
| Revenue YoY | 3.3% | 3.9% |
| Net Profit YoY | -17.5% | -20.8% |
| EPS (diluted) | $2.59 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $2.4B |
| Q4 25 | $507.1M | $297.0M | ||
| Q3 25 | $511.1M | $-13.0M | ||
| Q2 25 | $358.4M | $-163.0M | ||
| Q1 25 | $407.8M | $479.0M | ||
| Q4 24 | $614.6M | $375.0M | ||
| Q3 24 | $430.3M | $-273.0M | ||
| Q2 24 | $518.1M | $-48.0M | ||
| Q1 24 | $508.9M | $496.0M |
| Q4 25 | 40.7% | 22.0% | ||
| Q3 25 | 42.3% | 1.1% | ||
| Q2 25 | 30.4% | -6.8% | ||
| Q1 25 | 34.8% | 26.6% | ||
| Q4 24 | 52.4% | 24.5% | ||
| Q3 24 | 36.7% | -20.4% | ||
| Q2 24 | 44.6% | 5.0% | ||
| Q1 24 | 44.3% | 29.7% |
| Q4 25 | 41.7% | 14.4% | ||
| Q3 25 | 41.8% | -1.1% | ||
| Q2 25 | 29.8% | -12.0% | ||
| Q1 25 | 34.5% | 18.2% | ||
| Q4 24 | 52.2% | 18.9% | ||
| Q3 24 | 36.2% | -22.6% | ||
| Q2 24 | 44.2% | -3.6% | ||
| Q1 24 | 44.0% | 20.6% |
| Q4 25 | $2.59 | $1.34 | ||
| Q3 25 | $2.62 | $-0.08 | ||
| Q2 25 | $1.76 | $-0.76 | ||
| Q1 25 | $2.04 | $2.19 | ||
| Q4 24 | $3.22 | $1.74 | ||
| Q3 24 | $2.16 | $-1.26 | ||
| Q2 24 | $2.66 | $-0.23 | ||
| Q1 24 | $2.60 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $10.3B | $6.0B |
| Stockholders' EquityBook value | $9.2B | $5.0B |
| Total Assets | $20.2B | $15.8B |
| Debt / EquityLower = less leverage | 1.11× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $251.0M | ||
| Q3 25 | $296.5M | $335.0M | ||
| Q2 25 | $1.1B | $350.0M | ||
| Q1 25 | $287.2M | $426.0M | ||
| Q4 24 | $447.4M | $240.0M | ||
| Q3 24 | $599.0M | $213.0M | ||
| Q2 24 | $542.3M | $183.0M | ||
| Q1 24 | $271.6M | $263.0M |
| Q4 25 | $10.3B | $6.0B | ||
| Q3 25 | $10.0B | $6.5B | ||
| Q2 25 | $10.4B | $5.7B | ||
| Q1 25 | $9.4B | $6.6B | ||
| Q4 24 | $9.4B | $6.6B | ||
| Q3 24 | $9.5B | $6.4B | ||
| Q2 24 | $9.4B | $6.3B | ||
| Q1 24 | $9.1B | $6.7B |
| Q4 25 | $9.2B | $5.0B | ||
| Q3 25 | $9.3B | $4.8B | ||
| Q2 25 | $9.4B | $4.9B | ||
| Q1 25 | $9.6B | $5.0B | ||
| Q4 24 | $9.7B | $4.6B | ||
| Q3 24 | $9.6B | $4.3B | ||
| Q2 24 | $9.7B | $4.7B | ||
| Q1 24 | $9.9B | $4.8B |
| Q4 25 | $20.2B | $15.8B | ||
| Q3 25 | $20.1B | $15.5B | ||
| Q2 25 | $20.5B | $15.4B | ||
| Q1 25 | $19.6B | $15.7B | ||
| Q4 24 | $19.8B | $15.4B | ||
| Q3 24 | $19.8B | $15.1B | ||
| Q2 24 | $19.8B | $15.1B | ||
| Q1 24 | $19.6B | $15.6B |
| Q4 25 | 1.11× | 1.19× | ||
| Q3 25 | 1.08× | 1.37× | ||
| Q2 25 | 1.11× | 1.17× | ||
| Q1 25 | 0.99× | 1.32× | ||
| Q4 24 | 0.96× | 1.44× | ||
| Q3 24 | 0.99× | 1.48× | ||
| Q2 24 | 0.97× | 1.34× | ||
| Q1 24 | 0.91× | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | — | $-155.0M |
| FCF MarginFCF / Revenue | — | -7.5% |
| Capex IntensityCapex / Revenue | — | 10.7% |
| Cash ConversionOCF / Net Profit | 1.45× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $66.0M | ||
| Q3 25 | $875.1M | $90.0M | ||
| Q2 25 | $872.7M | $289.0M | ||
| Q1 25 | $705.1M | $684.0M | ||
| Q4 24 | $768.6M | $164.0M | ||
| Q3 24 | $798.8M | $151.0M | ||
| Q2 24 | $895.3M | $390.0M | ||
| Q1 24 | $665.6M | $522.0M |
| Q4 25 | — | $-155.0M | ||
| Q3 25 | — | $-168.0M | ||
| Q2 25 | — | $67.0M | ||
| Q1 25 | — | $538.0M | ||
| Q4 24 | — | $-47.0M | ||
| Q3 24 | — | $-115.0M | ||
| Q2 24 | — | $185.0M | ||
| Q1 24 | — | $353.0M |
| Q4 25 | — | -7.5% | ||
| Q3 25 | — | -14.4% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | -9.5% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 14.6% |
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | 1.45× | 0.22× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 2.43× | — | ||
| Q1 25 | 1.73× | 1.43× | ||
| Q4 24 | 1.25× | 0.44× | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | 1.31× | 1.05× |
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% |
UGI
Segment breakdown not available.
