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Side-by-side financial comparison of Public Storage (PSA) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× UPBOUND GROUP, INC.). Public Storage runs the higher net margin — 41.7% vs 1.7%, a 40.1% gap on every dollar of revenue. On growth, UPBOUND GROUP, INC. posted the faster year-over-year revenue change (10.9% vs 3.3%). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
PSA vs UPBD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $507.1M | $19.7M |
| Gross Margin | — | 49.0% |
| Operating Margin | 40.7% | 4.8% |
| Net Margin | 41.7% | 1.7% |
| Revenue YoY | 3.3% | 10.9% |
| Net Profit YoY | -17.5% | -36.3% |
| EPS (diluted) | $2.59 | $0.35 |
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 | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $507.1M | $19.7M | ||
| Q3 25 | $511.1M | $13.2M | ||
| Q2 25 | $358.4M | $15.5M | ||
| Q1 25 | $407.8M | $24.8M | ||
| Q4 24 | $614.6M | $31.0M | ||
| Q3 24 | $430.3M | $30.9M | ||
| Q2 24 | $518.1M | $33.9M | ||
| Q1 24 | $508.9M | $27.7M |
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 48.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 47.1% | ||
| Q3 24 | — | 47.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 48.3% |
| Q4 25 | 40.7% | 4.8% | ||
| Q3 25 | 42.3% | 4.5% | ||
| Q2 25 | 30.4% | 4.4% | ||
| Q1 25 | 34.8% | 5.3% | ||
| Q4 24 | 52.4% | 7.3% | ||
| Q3 24 | 36.7% | 6.6% | ||
| Q2 24 | 44.6% | 7.5% | ||
| Q1 24 | 44.3% | 5.6% |
| Q4 25 | 41.7% | 1.7% | ||
| Q3 25 | 41.8% | 1.1% | ||
| Q2 25 | 29.8% | 1.3% | ||
| Q1 25 | 34.5% | 2.1% | ||
| Q4 24 | 52.2% | 2.9% | ||
| Q3 24 | 36.2% | 2.9% | ||
| Q2 24 | 44.2% | 3.2% | ||
| Q1 24 | 44.0% | 2.5% |
| Q4 25 | $2.59 | $0.35 | ||
| Q3 25 | $2.62 | $0.22 | ||
| Q2 25 | $1.76 | $0.26 | ||
| Q1 25 | $2.04 | $0.42 | ||
| Q4 24 | $3.22 | $0.55 | ||
| Q3 24 | $2.16 | $0.55 | ||
| Q2 24 | $2.66 | $0.61 | ||
| Q1 24 | $2.60 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $9.2B | $695.7M |
| Total Assets | $20.2B | $3.3B |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $120.5M | ||
| Q3 25 | $296.5M | $107.0M | ||
| Q2 25 | $1.1B | $106.8M | ||
| Q1 25 | $287.2M | $107.3M | ||
| Q4 24 | $447.4M | $60.9M | ||
| Q3 24 | $599.0M | $85.1M | ||
| Q2 24 | $542.3M | $82.5M | ||
| Q1 24 | $271.6M | $84.8M |
| 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 | $695.7M | ||
| Q3 25 | $9.3B | $687.3M | ||
| Q2 25 | $9.4B | $685.5M | ||
| Q1 25 | $9.6B | $679.2M | ||
| Q4 24 | $9.7B | $629.0M | ||
| Q3 24 | $9.6B | $611.8M | ||
| Q2 24 | $9.7B | $596.3M | ||
| Q1 24 | $9.9B | $578.3M |
| Q4 25 | $20.2B | $3.3B | ||
| Q3 25 | $20.1B | $3.2B | ||
| Q2 25 | $20.5B | $3.1B | ||
| Q1 25 | $19.6B | $3.0B | ||
| Q4 24 | $19.8B | $2.6B | ||
| Q3 24 | $19.8B | $2.6B | ||
| Q2 24 | $19.8B | $2.6B | ||
| Q1 24 | $19.6B | $2.6B |
| 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 | $41.6M |
| Free Cash FlowOCF − Capex | — | $24.0M |
| FCF MarginFCF / Revenue | — | 2.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 1.45× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $41.6M | ||
| Q3 25 | $875.1M | $118.4M | ||
| Q2 25 | $872.7M | $7.8M | ||
| Q1 25 | $705.1M | $137.7M | ||
| Q4 24 | $768.6M | $-61.9M | ||
| Q3 24 | $798.8M | $106.2M | ||
| Q2 24 | $895.3M | $15.0M | ||
| Q1 24 | $665.6M | $45.4M |
| Q4 25 | — | $24.0M | ||
| Q3 25 | — | $97.9M | ||
| Q2 25 | — | $-10.4M | ||
| Q1 25 | — | $127.2M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $88.3M | ||
| Q2 24 | — | $613.0K | ||
| Q1 24 | — | $33.6M |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | -6.9% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 1.45× | 2.11× | ||
| Q3 25 | 1.71× | 8.96× | ||
| Q2 25 | 2.43× | 0.50× | ||
| Q1 25 | 1.73× | 5.56× | ||
| Q4 24 | 1.25× | -2.00× | ||
| Q3 24 | 1.86× | 3.44× | ||
| Q2 24 | 1.73× | 0.44× | ||
| Q1 24 | 1.31× | 1.64× |
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% |
UPBD
Segment breakdown not available.
