Extra Space Storage
EXR · Self-Storage REITs
$143.41
0.2%Newmark Group
NMRK · Real Estate Services
$11.52
2.5%The short version
- Extra Space Storage is the larger business, with $3.4B of revenue in fiscal 2025 against $3.3B for Newmark Group.
- Newmark Group grew revenue faster (20.3%, against 3.7%).
- Extra Space Storage kept more of each dollar of sales as operating profit (41.8% operating margin, against 7.1% operating margin).
- Extra Space Storage turned more of its sales into free cash flow (50.5% FCF margin, against 4.3% FCF margin).
- Investors pay more for each dollar of Extra Space Storage’s earnings: a P/E of 31.7x against 14.4x for Newmark Group.
| Latest fiscal year | EXR · FY25 | NMRK · FY25 |
|---|---|---|
| Size | ||
| Market cap | $31.6B | $2.9B |
| Revenue | $3.4B | $3.3B |
| Free cash flow | $1.7B | $143M |
| Net income | $974M | $126M |
| Growth | ||
| Revenue growth | 3.7% | 20.3% |
| 5-year growth | 20.0% | 11.6% |
| Share count change | 0.1% | 42.6% |
| Profitability | ||
| Gross margin | 72.8% | — |
| Operating margin | 41.8% | 7.1% |
| Net margin | 28.8% | 3.8% |
| FCF margin | 50.5% | 4.3% |
| Return on capital | — | 8.6% |
| Return on equity | 7.1% | 9.5% |
| Balance sheet | ||
| Net debt | — | $443M |
| Net debt / EBITDA | — | 1.1x |
| Dividends and buybacks | $1.5B | $127M |
| Valuation & quality | ||
| P/E | 31.7x | 14.4x |
| Piotroski F-score | — | 7 |
FY16
EXR $992M
NMRK $1.4B
FY17
EXR $1.1B
NMRK $1.6B
FY18
EXR $1.2B
NMRK $2.0B
FY19
EXR $1.3B
NMRK $2.2B
FY20
EXR $1.4B
NMRK $1.9B
FY21
EXR $1.6B
NMRK $2.9B
FY22
EXR $1.9B
NMRK $2.7B
FY23
EXR $2.6B
NMRK $2.5B
FY24
EXR $3.3B
NMRK $2.7B
FY25
EXR $3.4B
NMRK $3.3B
EXR
NMRK
FY16
EXR 46.2%
NMRK 12.4%
FY17
EXR 59.2%
NMRK 12.5%
FY18
EXR 51.8%
NMRK 16.2%
FY19
EXR 48.5%
NMRK 11.1%
FY20
EXR 49.1%
NMRK 9.7%
FY21
EXR 61.9%
NMRK 43.2%
FY22
EXR 54.6%
NMRK 6.9%
FY23
EXR 45.7%
NMRK 5.1%
FY24
EXR 40.6%
NMRK 6.0%
FY25
EXR 41.8%
NMRK 7.1%
EXR
NMRK
FY16
EXR $516M
NMRK −$671M
FY17
EXR $566M
NMRK $835M
FY18
EXR $617M
NMRK −$353M
FY19
EXR $654M
NMRK $952M
FY20
EXR $704M
NMRK −$797M
FY21
EXR $896M
NMRK −$68.4M
FY22
EXR $1.2B
NMRK $1.1B
FY23
EXR $1.3B
NMRK −$321M
FY24
EXR $1.8B
NMRK −$41.5M
FY25
EXR $1.7B
NMRK $143M
EXR
NMRK
FY16
EXR —
NMRK —
FY17
EXR —
NMRK —
FY18
EXR —
NMRK 21.2%
FY19
EXR —
NMRK 13.5%
FY20
EXR —
NMRK 10.2%
FY21
EXR —
NMRK 70.0%
FY22
EXR —
NMRK 8.1%
FY23
EXR —
NMRK 4.0%
FY24
EXR —
NMRK 5.4%
FY25
EXR —
NMRK 8.6%
EXR
NMRK
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.