FN2 Earnings Intelligence
Public Storage financials
Public Storage (PSA-PS) financial statements and key operating metrics from FN2 Research.
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 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $734.6 | $775.3 | $370 | $447.4 | $318.1 |
| + Debt | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $3,415.8 | $4,182.2 | $4,517.7 | $4,695.6 | $4,824.1 |
| % Growth | 17.2% | 22.4% | 8.0% | 3.9% | 2.7% |
| Gross Profit | - | - | - | - | - |
| % Margin | - | - | - | - | - |
| EBITDA | $3,065 | $3,854 | $4,167.7 | $4,389 | $4,464.2 |
| % Margin | 89.7% | 92.2% | 92.3% | 93.5% | 92.5% |
| Net Income | $1,953.3 | $4,349.1 | $2,148.3 | $2,072 | $1,784.3 |
| % Margin | 57.2% | 104.0% | 47.6% | 44.1% | 37.0% |
| Diluted EPS | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
| % Growth | 56.9% | 138.1% | -52.9% | -3.8% | -15.3% |
| Operating Cash Flow | $2,543.6 | $3,117.1 | $3,246.6 | $3,128.3 | $3,186.4 |
| CapEx | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
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 |
|---|---|---|---|---|---|
| Revenue | $3,415.8 | $4,182.2 | $4,517.7 | $4,695.6 | $4,824.1 |
| Gross Profit | - | - | - | - | - |
| EBITDA | $3,065 | $3,854 | $4,167.7 | $4,389 | $4,464.2 |
| Net Income | $1,953.3 | $4,349.1 | $2,148.3 | $2,072 | $1,784.3 |
| Diluted EPS | $9.87 | $23.50 | $11.06 | $10.64 | $9.01 |
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 | $734.6 | $775.3 | $370 | $447.4 | $318.1 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $7,475.3 | $6,870.8 | $9,103.3 | $9,353 | $10,253.9 |
| 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 | $2,543.6 | $3,117.1 | $3,246.6 | $3,128.3 | $3,186.4 |
| Capital Expenditure | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - |
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 | 17.2% | 22.4% | 8.0% | 3.9% | 2.7% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 89.7% | 92.2% | 92.3% | 93.5% | 92.5% |
| Net Margin | 57.2% | 104.0% | 47.6% | 44.1% | 37.0% |
| FCF Margin | - | - | - | - | - |
| Diluted EPS Growth | 56.9% | 138.1% | -52.9% | -3.8% | -15.3% |
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