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Side-by-side financial comparison of Public Storage (PSA) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× VALMONT INDUSTRIES INC). Public Storage runs the higher net margin — 41.7% vs 16.2%, a 25.5% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs 0.1%). Over the past eight quarters, VALMONT INDUSTRIES INC's revenue compounded faster (3.0% 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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
PSA vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $507.1M | $168.0M |
| Gross Margin | — | 29.8% |
| Operating Margin | 40.7% | 11.2% |
| Net Margin | 41.7% | 16.2% |
| Revenue YoY | 3.3% | 0.1% |
| Net Profit YoY | -17.5% | 116.3% |
| EPS (diluted) | $2.59 | $9.02 |
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 | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $969.3M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $1.0B | ||
| Q1 24 | $1.2B | $977.8M |
| Q4 25 | $507.1M | $168.0M | ||
| Q3 25 | $511.1M | $99.0M | ||
| Q2 25 | $358.4M | $-4.0M | ||
| Q1 25 | $407.8M | $87.3M | ||
| Q4 24 | $614.6M | $77.7M | ||
| Q3 24 | $430.3M | $83.1M | ||
| Q2 24 | $518.1M | $99.7M | ||
| Q1 24 | $508.9M | $87.8M |
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 30.8% | ||
| Q1 24 | — | 31.3% |
| Q4 25 | 40.7% | 11.2% | ||
| Q3 25 | 42.3% | 13.5% | ||
| Q2 25 | 30.4% | 2.8% | ||
| Q1 25 | 34.8% | 13.2% | ||
| Q4 24 | 52.4% | 11.6% | ||
| Q3 24 | 36.7% | 12.3% | ||
| Q2 24 | 44.6% | 14.2% | ||
| Q1 24 | 44.3% | 13.5% |
| Q4 25 | 41.7% | 16.2% | ||
| Q3 25 | 41.8% | 9.5% | ||
| Q2 25 | 29.8% | -0.4% | ||
| Q1 25 | 34.5% | 9.0% | ||
| Q4 24 | 52.2% | 7.5% | ||
| Q3 24 | 36.2% | 8.1% | ||
| Q2 24 | 44.2% | 9.6% | ||
| Q1 24 | 44.0% | 9.0% |
| Q4 25 | $2.59 | $9.02 | ||
| Q3 25 | $2.62 | $4.98 | ||
| Q2 25 | $1.76 | $-1.53 | ||
| Q1 25 | $2.04 | $4.32 | ||
| Q4 24 | $3.22 | $3.85 | ||
| Q3 24 | $2.16 | $4.11 | ||
| Q2 24 | $2.66 | $4.91 | ||
| Q1 24 | $2.60 | $4.32 |
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 | $187.1M |
| Total DebtLower is stronger | $10.3B | $795.7M |
| Stockholders' EquityBook value | $9.2B | $1.6B |
| Total Assets | $20.2B | $3.4B |
| Debt / EquityLower = less leverage | 1.11× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.1M | $187.1M | ||
| Q3 25 | $296.5M | $226.1M | ||
| Q2 25 | $1.1B | $208.5M | ||
| Q1 25 | $287.2M | $184.4M | ||
| Q4 24 | $447.4M | $164.3M | ||
| Q3 24 | $599.0M | $200.5M | ||
| Q2 24 | $542.3M | $163.1M | ||
| Q1 24 | $271.6M | $169.2M |
| Q4 25 | $10.3B | $795.7M | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $9.4B | $730.6M | ||
| Q3 24 | $9.5B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.1B | — |
| Q4 25 | $9.2B | $1.6B | ||
| Q3 25 | $9.3B | $1.6B | ||
| Q2 25 | $9.4B | $1.5B | ||
| Q1 25 | $9.6B | $1.6B | ||
| Q4 24 | $9.7B | $1.5B | ||
| Q3 24 | $9.6B | $1.5B | ||
| Q2 24 | $9.7B | $1.5B | ||
| Q1 24 | $9.9B | $1.4B |
| Q4 25 | $20.2B | $3.4B | ||
| Q3 25 | $20.1B | $3.4B | ||
| Q2 25 | $20.5B | $3.3B | ||
| Q1 25 | $19.6B | $3.4B | ||
| Q4 24 | $19.8B | $3.3B | ||
| Q3 24 | $19.8B | $3.5B | ||
| Q2 24 | $19.8B | $3.5B | ||
| Q1 24 | $19.6B | $3.5B |
| Q4 25 | 1.11× | 0.49× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.96× | 0.47× | ||
| 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 | $111.2M |
| Free Cash FlowOCF − Capex | — | $70.4M |
| FCF MarginFCF / Revenue | — | 6.8% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 1.45× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $311.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $111.2M | ||
| Q3 25 | $875.1M | $112.5M | ||
| Q2 25 | $872.7M | $167.6M | ||
| Q1 25 | $705.1M | $65.1M | ||
| Q4 24 | $768.6M | $193.4M | ||
| Q3 24 | $798.8M | $225.1M | ||
| Q2 24 | $895.3M | $130.8M | ||
| Q1 24 | $665.6M | $23.3M |
| Q4 25 | — | $70.4M | ||
| Q3 25 | — | $70.6M | ||
| Q2 25 | — | $135.6M | ||
| Q1 25 | — | $34.8M | ||
| Q4 24 | — | $167.8M | ||
| Q3 24 | — | $204.6M | ||
| Q2 24 | — | $112.5M | ||
| Q1 24 | — | $8.3M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 1.45× | 0.66× | ||
| Q3 25 | 1.71× | 1.14× | ||
| Q2 25 | 2.43× | — | ||
| Q1 25 | 1.73× | 0.75× | ||
| Q4 24 | 1.25× | 2.49× | ||
| Q3 24 | 1.86× | 2.71× | ||
| Q2 24 | 1.73× | 1.31× | ||
| Q1 24 | 1.31× | 0.27× |
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% |
VMI
| Utility Product Line | $424.5M | 41% |
| Lighting And Transportation | $204.6M | 20% |
| Irrigation Equipment And Parts Excluding Technology | $199.0M | 19% |
| Services | $113.6M | 11% |
| Telecommunications | $73.8M | 7% |
| Technology Products And Services | $23.7M | 2% |
