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Side-by-side financial comparison of Public Storage (PSA) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $718.6M, roughly 1.7× VinFast Auto Ltd.). Public Storage runs the higher net margin — 41.7% vs -2.8%, a 44.5% gap on every dollar of revenue.
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.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
PSA vs VFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $718.6M |
| Net Profit | $507.1M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | -96.1% |
| Net Margin | 41.7% | -2.8% |
| Revenue YoY | 3.3% | — |
| Net Profit YoY | -17.5% | — |
| EPS (diluted) | $2.59 | — |
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 | — | ||
| Q3 25 | $1.2B | $718.6M | ||
| Q2 25 | $1.2B | $663.0M | ||
| Q1 25 | $1.2B | $656.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $511.6M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | $302.6M |
| Q4 25 | $507.1M | — | ||
| Q3 25 | $511.1M | $-20.0M | ||
| Q2 25 | $358.4M | $-51.8M | ||
| Q1 25 | $407.8M | $-26.1M | ||
| Q4 24 | $614.6M | — | ||
| Q3 24 | $430.3M | $-10.4M | ||
| Q2 24 | $518.1M | — | ||
| Q1 24 | $508.9M | $-618.3M |
| Q4 25 | 40.7% | — | ||
| Q3 25 | 42.3% | -96.1% | ||
| Q2 25 | 30.4% | -79.0% | ||
| Q1 25 | 34.8% | -74.0% | ||
| Q4 24 | 52.4% | — | ||
| Q3 24 | 36.7% | -65.9% | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 44.3% | -139.4% |
| Q4 25 | 41.7% | — | ||
| Q3 25 | 41.8% | -2.8% | ||
| Q2 25 | 29.8% | -7.8% | ||
| Q1 25 | 34.5% | -4.0% | ||
| Q4 24 | 52.2% | — | ||
| Q3 24 | 36.2% | -2.0% | ||
| Q2 24 | 44.2% | — | ||
| Q1 24 | 44.0% | -204.3% |
| Q4 25 | $2.59 | — | ||
| Q3 25 | $2.62 | — | ||
| Q2 25 | $1.76 | — | ||
| Q1 25 | $2.04 | — | ||
| Q4 24 | $3.22 | — | ||
| Q3 24 | $2.16 | — | ||
| Q2 24 | $2.66 | — | ||
| Q1 24 | $2.60 | — |
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 | $8.8M |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $9.2B | — |
| Total Assets | $20.2B | $183.2M |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | — | ||
| Q3 25 | $296.5M | $8.8M | ||
| Q2 25 | $1.1B | $650.0M | ||
| Q1 25 | $287.2M | $2.4M | ||
| Q4 24 | $447.4M | — | ||
| Q3 24 | $599.0M | $1.9M | ||
| Q2 24 | $542.3M | — | ||
| Q1 24 | $271.6M | $3.0M |
| 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 | — | ||
| Q3 25 | $9.3B | — | ||
| Q2 25 | $9.4B | $-7.2B | ||
| Q1 25 | $9.6B | — | ||
| Q4 24 | $9.7B | — | ||
| Q3 24 | $9.6B | — | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.9B | — |
| Q4 25 | $20.2B | — | ||
| Q3 25 | $20.1B | $183.2M | ||
| Q2 25 | $20.5B | $7.2B | ||
| Q1 25 | $19.6B | $158.2M | ||
| Q4 24 | $19.8B | — | ||
| Q3 24 | $19.8B | $151.8M | ||
| Q2 24 | $19.8B | — | ||
| Q1 24 | $19.6B | $145.6M |
| 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 | — |
| 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 | — | ||
| Q3 25 | $875.1M | — | ||
| Q2 25 | $872.7M | — | ||
| Q1 25 | $705.1M | — | ||
| Q4 24 | $768.6M | — | ||
| Q3 24 | $798.8M | — | ||
| Q2 24 | $895.3M | — | ||
| Q1 24 | $665.6M | — |
| 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× | — | ||
| Q1 24 | 1.31× | — |
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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
