FN2 Earnings Intelligence
CubeSmart ratios
CubeSmart (CUBE) Ratios (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $11.1 | $6.1 | $6.5 | $71.6 | $5.8 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $822.6 | $1,009.6 | $1,050.3 | $1,066.2 | $1,123.1 | $1,132.7 | $1,165.8 |
| % Growth | 21.1% | 22.7% | 4.0% | 1.5% | 5.3% | 0.9% | 2.9% |
| Gross Profit | $570.5 | $716.4 | $755.6 | $748.5 | $771.7 | - | - |
| % Margin | 69.4% | 71.0% | 71.9% | 70.2% | 68.7% | - | - |
| EBITDA | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| Net Income | $230.8 | $292.5 | $412.4 | $391.9 | $331.3 | - | - |
| % Margin | 28.1% | 29.0% | 39.3% | 36.8% | 29.5% | - | - |
| Diluted EPS | $1.09 | $1.29 | $1.82 | $1.72 | $1.46 | $1.57 | $1.61 |
| % Growth | 28.2% | 18.3% | 41.1% | -5.5% | -15.1% | 7.3% | 2.7% |
| Operating Cash Flow | $449.2 | $591.5 | $611.1 | $631.1 | $608.5 | - | - |
| CapEx | $1,801.3 | $75.7 | $22 | $199.4 | $501.8 | - | - |
| Free Cash Flow | -$1,352.1 | $515.8 | $589.1 | $431.7 | $106.7 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $822.6 | $1,009.6 | $1,050.3 | $1,066.2 | $1,123.1 | $1,132.7 | $1,165.8 |
| Gross Profit | $570.5 | $716.4 | $755.6 | $748.5 | $771.7 | - | - |
| EBITDA | - | - | - | - | - | - | - |
| Net Income | $230.8 | $292.5 | $412.4 | $391.9 | $331.3 | - | - |
| Diluted EPS | $1.09 | $1.29 | $1.82 | $1.72 | $1.46 | $1.57 | $1.61 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $11.1 | $6.1 | $6.5 | $71.6 | $5.8 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $3,145.8 | $2,996.2 | $2,922.8 | $2,986.5 | $3,402.8 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $449.2 | $591.5 | $611.1 | $631.1 | $608.5 |
| Capital Expenditure | $1,801.3 | $75.7 | $22 | $199.4 | $501.8 |
| Free Cash Flow | -$1,352.1 | $515.8 | $589.1 | $431.7 | $106.7 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 21.1% | 22.7% | 4.0% | 1.5% | 5.3% |
| Gross Margin | 69.4% | 71.0% | 71.9% | 70.2% | 68.7% |
| EBITDA Margin | - | - | - | - | - |
| Net Margin | 28.1% | 29.0% | 39.3% | 36.8% | 29.5% |
| FCF Margin | -164.4% | 51.1% | 56.1% | 40.5% | 9.5% |
| Diluted EPS Growth | 28.2% | 18.3% | 41.1% | -5.5% | -15.1% |
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