Financials in USD. Standardized financial statements.
A compact view of how Extra Space Storage Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.38B | $3.34B | $2.62B | $1.97B | $1.61B | $1.38B | $1.32B | $1.21B | $1.12B | $1.00B |
| Revenue Growth? | +1.2% | +27.6% | +33.0% | +22.1% | +16.8% | +4.5% | +9.0% | +8.1% | +11.5% | 0.0% |
| Cost of Revenue? | $2.42B | $790.79M | $594.00M | $423.35M | $379.30M | $358.77M | $340.32M | $301.25M | $276.74M | $252.69M |
| Gross Profit? | $960.17M | $2.55B | $2.02B | $1.54B | $1.23B | $1.02B | $979.41M | $909.81M | $843.60M | $752.08M |
| Gross Margin? | +28.4% | +76.3% | +77.3% | +78.5% | +76.4% | +74.0% | +74.2% | +75.1% | +75.3% | +74.9% |
| Operating Expenses? | -$528.83M | $1.22B | $850.94M | $491.85M | $254.46M | $353.66M | $344.45M | $290.10M | $189.21M | $293.77M |
| Operating Income? | $1.49B | $1.32B | $1.17B | $1.05B | $975.95M | $666.14M | $634.96M | $619.70M | $541.61M | $449.84M |
| EBITDA? | $2.41B | $2.26B | $1.79B | $1.37B | $1.11B | $894.87M | $864.88M | $812.40M | $750.23M | $661.40M |
| Income Before Tax | $1.06B | $933.71M | $872.01M | $942.08M | $898.08M | $531.39M | $462.43M | $456.32M | $517.85M | $412.94M |
| Income Tax Expense | $41.56M | $33.48M | $21.56M | $20.93M | $20.32M | $13.81M | $11.31M | $9.24M | $3.63M | $15.85M |
| Net Income? | $974.00M | $854.68M | $803.20M | $860.69M | $827.65M | $481.78M | $419.97M | $415.29M | $479.01M | $366.13M |
| EPS? | $4.59 | $4.03 | $4.74 | $6.41 | $6.20 | $3.71 | $3.27 | $3.28 | $3.79 | $2.92 |
| Diluted EPS? | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 | $3.71 | $3.24 | $3.12 | $3.76 | $2.91 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality