vs
Public Storage（PSA）与URBAN OUTFITTERS INC（URBN）财务数据对比。点击上方公司名可切换其他公司
URBAN OUTFITTERS INC的季度营收约是Public Storage的1.3倍（$1.5B vs $1.2B），Public Storage净利率更高（41.7% vs 7.6%，领先34.1%），URBAN OUTFITTERS INC同比增速更快（12.3% vs 3.3%），过去两年Public Storage的营收复合增速更高（2.5% vs 1.4%）
Public Storage总部位于美国加利福尼亚州格伦代尔，是主营自助仓储业务的房地产投资信托，也是美国最大的自助仓储服务品牌，持有美国约9%的自助仓储面积。截至2024年12月31日，公司运营3073处自助仓储设施，总可出租净面积达2.21亿平方英尺。
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
PSA vs URBN — 直观对比
营收规模更大
URBN
是对方的1.3倍
$1.2B
营收增速更快
URBN
高出9.0%
3.3%
净利率更高
PSA
高出34.1%
7.6%
两年增速更快
PSA
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $507.1M | $116.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | 40.7% | 9.4% |
| 净利率 | 41.7% | 7.6% |
| 营收同比 | 3.3% | 12.3% |
| 净利润同比 | -17.5% | 13.1% |
| 每股收益（稀释后） | $2.59 | $1.28 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PSAURBN
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.5B |
净利润PSAURBN
| Q4 25 | $507.1M | $116.4M | ||
| Q3 25 | $511.1M | $143.9M | ||
| Q2 25 | $358.4M | $108.3M | ||
| Q1 25 | $407.8M | $120.3M | ||
| Q4 24 | $614.6M | $102.9M | ||
| Q3 24 | $430.3M | $117.5M | ||
| Q2 24 | $518.1M | $61.8M | ||
| Q1 24 | $508.9M | $47.8M |
毛利率PSAURBN
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 36.8% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 34.0% | ||
| Q1 24 | — | 29.2% |
营业利润率PSAURBN
| Q4 25 | 40.7% | 9.4% | ||
| Q3 25 | 42.3% | 11.6% | ||
| Q2 25 | 30.4% | 9.6% | ||
| Q1 25 | 34.8% | 7.7% | ||
| Q4 24 | 52.4% | 9.4% | ||
| Q3 24 | 36.7% | 10.7% | ||
| Q2 24 | 44.6% | 6.2% | ||
| Q1 24 | 44.3% | 3.9% |
净利率PSAURBN
| Q4 25 | 41.7% | 7.6% | ||
| Q3 25 | 41.8% | 9.6% | ||
| Q2 25 | 29.8% | 8.1% | ||
| Q1 25 | 34.5% | 7.4% | ||
| Q4 24 | 52.2% | 7.6% | ||
| Q3 24 | 36.2% | 8.7% | ||
| Q2 24 | 44.2% | 5.1% | ||
| Q1 24 | 44.0% | 3.2% |
每股收益（稀释后）PSAURBN
| Q4 25 | $2.59 | $1.28 | ||
| Q3 25 | $2.62 | $1.58 | ||
| Q2 25 | $1.76 | $1.16 | ||
| Q1 25 | $2.04 | $1.27 | ||
| Q4 24 | $3.22 | $1.10 | ||
| Q3 24 | $2.16 | $1.24 | ||
| Q2 24 | $2.66 | $0.65 | ||
| Q1 24 | $2.60 | $0.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $318.1M | $306.6M |
| 总债务越低越好 | $10.3B | — |
| 股东权益账面价值 | $9.2B | $2.7B |
| 总资产 | $20.2B | $4.9B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资PSAURBN
| Q4 25 | $318.1M | $306.6M | ||
| Q3 25 | $296.5M | $332.2M | ||
| Q2 25 | $1.1B | $189.4M | ||
| Q1 25 | $287.2M | $290.5M | ||
| Q4 24 | $447.4M | $182.5M | ||
| Q3 24 | $599.0M | $209.1M | ||
| Q2 24 | $542.3M | $174.0M | ||
| Q1 24 | $271.6M | $178.3M |
总债务PSAURBN
| 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 | — |
股东权益PSAURBN
| Q4 25 | $9.2B | $2.7B | ||
| Q3 25 | $9.3B | $2.6B | ||
| Q2 25 | $9.4B | $2.4B | ||
| Q1 25 | $9.6B | $2.5B | ||
| Q4 24 | $9.7B | $2.4B | ||
| Q3 24 | $9.6B | $2.2B | ||
| Q2 24 | $9.7B | $2.2B | ||
| Q1 24 | $9.9B | $2.1B |
总资产PSAURBN
| Q4 25 | $20.2B | $4.9B | ||
| Q3 25 | $20.1B | $4.7B | ||
| Q2 25 | $20.5B | $4.5B | ||
| Q1 25 | $19.6B | $4.5B | ||
| Q4 24 | $19.8B | $4.5B | ||
| Q3 24 | $19.8B | $4.3B | ||
| Q2 24 | $19.8B | $4.2B | ||
| Q1 24 | $19.6B | $4.1B |
负债/权益比PSAURBN
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $733.6M | $61.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-22.8M |
| 自由现金流率自由现金流/营收 | — | -1.5% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.53× |
| 过去12个月自由现金流最近4个季度 | — | $402.7M |
8季度趋势，按日历期对齐
经营现金流PSAURBN
| Q4 25 | $733.6M | $61.1M | ||
| Q3 25 | $875.1M | $218.0M | ||
| Q2 25 | $872.7M | $33.0M | ||
| Q1 25 | $705.1M | $320.5M | ||
| Q4 24 | $768.6M | $18.5M | ||
| Q3 24 | $798.8M | $105.3M | ||
| Q2 24 | $895.3M | $58.6M | ||
| Q1 24 | $665.6M | $229.2M |
自由现金流PSAURBN
| Q4 25 | — | $-22.8M | ||
| Q3 25 | — | $156.6M | ||
| Q2 25 | — | $-13.1M | ||
| Q1 25 | — | $281.9M | ||
| Q4 24 | — | $-26.6M | ||
| Q3 24 | — | $47.5M | ||
| Q2 24 | — | $17.5M | ||
| Q1 24 | — | $180.6M |
自由现金流率PSAURBN
| Q4 25 | — | -1.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | -1.0% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 12.2% |
资本支出强度PSAURBN
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 3.3% |
现金转化率PSAURBN
| Q4 25 | 1.45× | 0.53× | ||
| Q3 25 | 1.71× | 1.52× | ||
| Q2 25 | 2.43× | 0.30× | ||
| Q1 25 | 1.73× | 2.66× | ||
| Q4 24 | 1.25× | 0.18× | ||
| Q3 24 | 1.86× | 0.90× | ||
| Q2 24 | 1.73× | 0.95× | ||
| Q1 24 | 1.31× | 4.80× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
