How Public Storage (PSA) Makes Money: A Visual Guide
Public Storage (PSA) generated $4.82B in revenue (TTM through Q4 2025), earning $1.78B in net profit (37% margin). Its largest revenue source is Self Storage Operations (93.1% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Public Storage (PSA) Income Statement Flow
Frequently asked questions
How does Public Storage (PSA) make money?
- Public Storage (PSA) primarily makes money through Self Storage Operations, which accounts for 93.1% of total revenue. For TTM through Q4 2025, Public Storage generated $4.82B in total revenue with a net profit margin of 37%.
What is Public Storage (PSA) gross profit margin?
- Public Storage (PSA) reported a gross profit margin of 60.5% for TTM through Q4 2025, equivalent to $2.92B in gross profit. This means Public Storage retains 60.5% of each revenue unit after direct costs of production.
What is Public Storage (PSA) operating profit margin?
- Public Storage (PSA) reported an operating profit margin of 52.6% for TTM through Q4 2025, equivalent to $2.54B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Public Storage (PSA) net profit margin?
- Public Storage (PSA) reported a net profit margin of 37% for TTM through Q4 2025, equivalent to $1.78B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Public Storage (PSA) spend on capital expenditures?
- Public Storage (PSA) spent $326.78M on capital expenditures in TTM through Q4 2025 (6.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Public Storage (PSA) free cash flow?
- Public Storage (PSA) generated $3.09B in free cash flow for TTM through Q4 2025 (64.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.