15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $4.8B | $1.8B | 0.0% | 0.0% | — | $10.3B | $318M |
| 2024 | $4.7B | $2.1B | 0.0% | 0.0% | — | $9.4B | $447M |
| 2023 | $4.5B | $2.1B | 0.0% | 0.0% | — | $9.1B | $370M |
| 2022 | $4.2B | $4.3B | 0.0% | 0.0% | — | $6.9B | $775M |
| 2021 | $3.4B | $2.0B | 0.0% | 0.0% | — | $7.5B | $735M |
| 2020 | $2.9B | $1.4B | 0.0% | 0.0% | — | $2.5B | $258M |
| 2019 | $2.9B | $1.5B | 0.0% | 0.0% | — | $1.9B | $410M |
| 2018 | $2.8B | $1.7B | 73.0% | 0.0% | — | $1.4B | $361M |
| 2017 | $2.7B | $1.4B | 73.5% | 53.3% | — | $1.4B | $433M |
| 2016 | $2.6B | $1.5B | 73.9% | 53.7% | — | $391M | $184M |
| 2015 | $2.4B | $1.3B | 73.3% | 51.7% | — | — | $104M |
| 2014 | $2.2B | $1.1B | 71.8% | 48.5% | — | — | $188M |
| 2013 | $2.0B | $1.1B | 71.5% | 48.4% | — | — | $19M |
| 2012 | $1.8B | $939M | 0.0% | 47.3% | — | — | $17M |
| 2011 | $1.7B | $824M | 0.0% | 43.9% | — | — | $139M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.2B | $526M | 0.0% | 38.9% | — | $9.7B | $135M |
| Dec '25 | $1.2B | $507M | 0.0% | 0.0% | — | $10.3B | $318M |
| Sep '25 | $1.2B | $511M | 0.0% | 0.0% | — | $10.0B | $296M |
| Jun '25 | $1.2B | $358M | 0.0% | 0.0% | — | $10.4B | $1.1B |
| Mar '25 | $1.2B | $408M | 0.0% | 39.2% | — | $9.4B | $287M |
| Dec '24 | $1.2B | $615M | 0.0% | 0.0% | — | $9.4B | $447M |
| Sep '24 | $1.2B | $430M | 0.0% | 0.0% | — | $9.5B | $599M |
| Jun '24 | $1.2B | $518M | 0.0% | 0.0% | — | $9.4B | $542M |
| Mar '24 | $1.2B | $509M | 0.0% | 0.0% | — | $9.1B | $272M |
| Dec '23 | $1.2B | $439M | 0.0% | 0.0% | — | $9.1B | $370M |
| Sep '23 | $1.1B | $613M | 0.0% | 0.0% | — | $9.0B | $630M |
| Jun '23 | $1.1B | $578M | 0.0% | 0.0% | — | $6.9B | $652M |
| Mar '23 | $1.1B | $518M | 0.0% | 0.0% | — | $6.9B | $695M |
| Dec '22 | $1.1B | $412M | 0.0% | 0.0% | — | $6.9B | $775M |
| Sep '22 | $1.1B | $2.8B | 0.0% | 0.0% | — | $6.7B | $884M |
| Jun '22 | $1.0B | $654M | 0.0% | 0.0% | — | $7.3B | $1.0B |
| Mar '22 | $973M | $514M | 0.0% | 0.0% | — | $7.4B | $941M |
| Dec '21 | $924M | $620M | 0.0% | 0.0% | — | $7.5B | $735M |
| Sep '21 | $895M | $490M | 0.0% | 0.0% | — | $5.8B | $958M |
| Jun '21 | $829M | $410M | 0.0% | 0.0% | — | $5.0B | $481M |
How the market has priced PSA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Public Storage's revenue has grown 10.6% per year, and net income grown 5.6% per year. These are computed facts, not advice.
As of FY2025, Public Storage reported $10.3B of total debt against $318M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 37.0%.
As of Jun '26, Public Storage traded at a price-to-earnings ratio of about 31.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.