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Side-by-side financial comparison of Public Storage (PSA) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $891.0M, roughly 1.4× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). Public Storage runs the higher net margin — 41.7% vs 29.5%, a 12.2% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 3.3%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
PSA vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $891.0M |
| Net Profit | $507.1M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 40.7% | — |
| Net Margin | 41.7% | 29.5% |
| Revenue YoY | 3.3% | 8.7% |
| Net Profit YoY | -17.5% | 21.8% |
| EPS (diluted) | $2.59 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $1.2B | $861.0M | ||
| Q2 25 | $1.2B | $838.0M | ||
| Q1 25 | $1.2B | $795.0M | ||
| Q4 24 | $1.2B | $820.0M | ||
| Q3 24 | $1.2B | $792.0M | ||
| Q2 24 | $1.2B | $777.0M | ||
| Q1 24 | $1.2B | $742.0M |
| Q4 25 | $507.1M | $263.0M | ||
| Q3 25 | $511.1M | $222.0M | ||
| Q2 25 | $358.4M | $244.0M | ||
| Q1 25 | $407.8M | $170.0M | ||
| Q4 24 | $614.6M | $216.0M | ||
| Q3 24 | $430.3M | $214.0M | ||
| Q2 24 | $518.1M | $201.0M | ||
| Q1 24 | $508.9M | $153.0M |
| Q4 25 | 40.7% | — | ||
| Q3 25 | 42.3% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 52.4% | — | ||
| Q3 24 | 36.7% | — | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 44.3% | — |
| Q4 25 | 41.7% | 29.5% | ||
| Q3 25 | 41.8% | 25.8% | ||
| Q2 25 | 29.8% | 29.1% | ||
| Q1 25 | 34.5% | 21.4% | ||
| Q4 24 | 52.2% | 26.3% | ||
| Q3 24 | 36.2% | 27.0% | ||
| Q2 24 | 44.2% | 25.9% | ||
| Q1 24 | 44.0% | 20.6% |
| Q4 25 | $2.59 | $1.77 | ||
| Q3 25 | $2.62 | $1.48 | ||
| Q2 25 | $1.76 | $1.63 | ||
| Q1 25 | $2.04 | $1.13 | ||
| Q4 24 | $3.22 | $1.34 | ||
| Q3 24 | $2.16 | $1.37 | ||
| Q2 24 | $2.66 | $1.28 | ||
| Q1 24 | $2.60 | $0.96 |
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 | — |
| Total DebtLower is stronger | $10.3B | $1.5B |
| Stockholders' EquityBook value | $9.2B | $7.2B |
| Total Assets | $20.2B | $89.0B |
| Debt / EquityLower = less leverage | 1.11× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $271.6M | — |
| Q4 25 | $10.3B | $1.5B | ||
| Q3 25 | $10.0B | $1.5B | ||
| Q2 25 | $10.4B | $970.0M | ||
| Q1 25 | $9.4B | $964.0M | ||
| Q4 24 | $9.4B | $950.0M | ||
| Q3 24 | $9.5B | $548.0M | ||
| Q2 24 | $9.4B | $546.0M | ||
| Q1 24 | $9.1B | $544.0M |
| Q4 25 | $9.2B | $7.2B | ||
| Q3 25 | $9.3B | $6.9B | ||
| Q2 25 | $9.4B | $6.6B | ||
| Q1 25 | $9.6B | $6.3B | ||
| Q4 24 | $9.7B | $6.1B | ||
| Q3 24 | $9.6B | $6.4B | ||
| Q2 24 | $9.7B | $6.0B | ||
| Q1 24 | $9.9B | $5.8B |
| Q4 25 | $20.2B | $89.0B | ||
| Q3 25 | $20.1B | $88.5B | ||
| Q2 25 | $20.5B | $88.9B | ||
| Q1 25 | $19.6B | $88.0B | ||
| Q4 24 | $19.8B | $88.8B | ||
| Q3 24 | $19.8B | $87.0B | ||
| Q2 24 | $19.8B | $87.6B | ||
| Q1 24 | $19.6B | $87.1B |
| Q4 25 | 1.11× | 0.21× | ||
| Q3 25 | 1.08× | 0.21× | ||
| Q2 25 | 1.11× | 0.15× | ||
| Q1 25 | 0.99× | 0.15× | ||
| Q4 24 | 0.96× | 0.16× | ||
| Q3 24 | 0.99× | 0.09× | ||
| Q2 24 | 0.97× | 0.09× | ||
| Q1 24 | 0.91× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | 1.45× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $733.6M | $1.1B | ||
| Q3 25 | $875.1M | $438.0M | ||
| Q2 25 | $872.7M | $-62.0M | ||
| Q1 25 | $705.1M | $179.0M | ||
| Q4 24 | $768.6M | $1.1B | ||
| Q3 24 | $798.8M | $119.0M | ||
| Q2 24 | $895.3M | $251.0M | ||
| Q1 24 | $665.6M | $261.0M |
| Q4 25 | — | $952.0M | ||
| Q3 25 | — | $413.0M | ||
| Q2 25 | — | $-93.0M | ||
| Q1 25 | — | $152.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $234.0M | ||
| Q1 24 | — | $231.0M |
| Q4 25 | — | 106.8% | ||
| Q3 25 | — | 48.0% | ||
| Q2 25 | — | -11.1% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 128.2% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 30.1% | ||
| Q1 24 | — | 31.1% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | 1.45× | 4.08× | ||
| Q3 25 | 1.71× | 1.97× | ||
| Q2 25 | 2.43× | -0.25× | ||
| Q1 25 | 1.73× | 1.05× | ||
| Q4 24 | 1.25× | 5.31× | ||
| Q3 24 | 1.86× | 0.56× | ||
| Q2 24 | 1.73× | 1.25× | ||
| Q1 24 | 1.31× | 1.71× |
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% |
ZION
Segment breakdown not available.
