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EXR Clue Score57
United States Fiscal year ends December CIK 0001289490
$134.65 +1.15% Close, 9 Oct 2026
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Price $134.65 −21.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.04Operating income0.46Net income0.37EPS, diluted2.91Fiscal year 2017Revenue0.04 −1.2%Operating income0.65Net income0.48 +30.8%EPS, diluted3.76 +29.2%Fiscal year 2018Revenue0.04 +6.0%Operating income0.62Net income0.42 −13.3%EPS, diluted3.27 −13.0%Fiscal year 2019Revenue0.05 +19.5%Operating income0.63Net income0.42 +1.1%EPS, diluted3.24 −0.9%Fiscal year 2020Revenue0.05 +4.5%Operating income0.67Net income0.48 +14.7%EPS, diluted3.71 +14.5%Fiscal year 2021Revenue0.07 +27.1%Operating income0.98Net income0.83 +71.8%EPS, diluted6.19 +66.8%Fiscal year 2022Revenue0.08 +26.6%Operating income1.05Net income0.86 +4.0%EPS, diluted6.41 +3.6%Fiscal year 2023Revenue0.10 +21.6%Operating income1.17Net income0.80 −6.7%EPS, diluted4.74 −26.1%Fiscal year 2024Revenue0.12 +18.5%Operating income1.32Net income0.85 +6.4%EPS, diluted4.03 −15.0%Fiscal year 2025Revenue0.13 +7.1%Operating income1.41Net income0.97 +14.0%EPS, diluted4.59 +13.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.04 0.04 0.04 0.05 0.05 0.07 0.08 0.10 0.12 0.13
Growth −1.2% +6.0% +19.5% +4.5% +27.1% +26.6% +21.6% +18.5% +7.1%
Operating income 0.46 0.65 0.62 0.63 0.67 0.98 1.05 1.17 1.32 1.41
Net income 0.37 0.48 0.42 0.42 0.48 0.83 0.86 0.80 0.85 0.97
Growth +30.8% −13.3% +1.1% +14.7% +71.8% +4.0% −6.7% +6.4% +14.0%
EPS, diluted 2.91 3.76 3.27 3.24 3.71 6.19 6.41 4.74 4.03 4.59
Growth +29.2% −13.0% −0.9% +14.5% +66.8% +3.6% −26.1% −15.0% +13.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin1,150.3%Net margin918.9%Fiscal year 2017Operating margin1,661.8%Net margin1,216.4%Fiscal year 2018Operating margin1,484.1%Net margin994.5%Fiscal year 2019Operating margin1,272.7%Net margin841.8%Fiscal year 2020Operating margin1,277.9%Net margin924.2%Fiscal year 2021Operating margin1,472.8%Net margin1,249.0%Fiscal year 2022Operating margin1,251.9%Net margin1,025.8%Free cash flow margin53.5%Fiscal year 2023Operating margin1,147.4%Net margin787.6%Free cash flow margin1,242.2%Fiscal year 2024Operating margin1,095.0%Net margin707.2%Free cash flow margin1,165.3%Fiscal year 2025Operating margin1,091.1%Net margin752.3%Free cash flow margin995.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 1,150.3% 1,661.8% 1,484.1% 1,272.7% 1,277.9% 1,472.8% 1,251.9% 1,147.4% 1,095.0% 1,091.1%
Net margin 918.9% 1,216.4% 994.5% 841.8% 924.2% 1,249.0% 1,025.8% 787.6% 707.2% 752.3%
Free cash flow margin n/a n/a n/a n/a n/a n/a 53.5% 1,242.2% 1,165.3% 995.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.54Dividends paid−0.37Fiscal year 2017Operating cash flow0.60Dividends paid−0.39Fiscal year 2018Operating cash flow0.68Buybacks0.00Dividends paid−0.42Fiscal year 2019Operating cash flow0.71Buybacks0.00Dividends paid−0.46Fiscal year 2020Operating cash flow0.77Buybacks−0.07Dividends paid−0.47Fiscal year 2021Operating cash flow0.95Buybacks0.00Dividends paid−0.60Fiscal year 2022Operating cash flow1.24Capital expenditure−1.19Free cash flow0.04Buybacks−0.06Dividends paid−0.81Fiscal year 2023Operating cash flow1.40Capital expenditure−0.14Free cash flow1.27 +2,723.0%Buybacks0.00Dividends paid−1.05Fiscal year 2024Operating cash flow1.89Capital expenditure−0.48Free cash flow1.41 +11.2%Buybacks0.00Dividends paid−1.38Fiscal year 2025Operating cash flow1.85Capital expenditure−0.56Free cash flow1.29 −8.5%Buybacks−0.15Dividends paid−1.37
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.54 0.60 0.68 0.71 0.77 0.95 1.24 1.40 1.89 1.85
Capital expenditure n/a n/a n/a n/a n/a n/a −1.19 −0.14 −0.48 −0.56
Free cash flow n/a n/a n/a n/a n/a n/a 0.04 1.27 1.41 1.29
Growth +2,723.0% +11.2% −8.5%
Buybacks n/a n/a 0.00 0.00 −0.07 0.00 −0.06 0.00 0.00 −0.15
Dividends paid −0.37 −0.39 −0.42 −0.46 −0.47 −0.60 −0.81 −1.05 −1.38 −1.37

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.04Shareholders’ equity2.24Fiscal year 2017Cash0.06Total debt0.60Net cash (debt)−0.55Shareholders’ equity2.35Debt to equity0.26Fiscal year 2018Cash0.06Shareholders’ equity2.41Fiscal year 2019Cash0.07Shareholders’ equity2.54Fiscal year 2020Cash0.11Shareholders’ equity2.55Fiscal year 2021Cash0.07Shareholders’ equity3.12Fiscal year 2022Cash0.09Shareholders’ equity3.26Fiscal year 2023Cash0.10Shareholders’ equity14.39Fiscal year 2024Cash0.14Shareholders’ equity13.95Fiscal year 2025Cash0.14Shareholders’ equity13.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.04 0.06 0.06 0.07 0.11 0.07 0.09 0.10 0.14 0.14
Total debt n/a 0.60 n/a n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) n/a −0.55 n/a n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 2.24 2.35 2.41 2.54 2.55 3.12 3.26 14.39 13.95 13.43
Debt to equity n/a 0.26 n/a n/a n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
0.04 0.04 0.04 0.05 0.05 0.07 0.08 0.10 0.12 0.13
Growth −1.2% +6.0% +19.5% +4.5% +27.1% +26.6% +21.6% +18.5% +7.1%
0.25 0.27 0.29 0.34 0.36 0.37 0.44 0.61 0.83 0.92
0.08 0.08 0.08 0.09 0.10 0.10 0.13 0.15 0.17 0.19
0.46 0.65 0.62 0.63 0.67 0.98 1.05 1.17 1.32 1.41
Growth +42.8% −5.3% +2.5% +4.9% +46.5% +7.6% +11.4% +13.1% +6.8%
0.33 0.50 0.44 0.45 0.51 0.86 0.90 0.82 0.85 0.94
0.02 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.04
0.37 0.48 0.42 0.42 0.48 0.83 0.86 0.80 0.85 0.97
Growth +30.8% −13.3% +1.1% +14.7% +71.8% +4.0% −6.7% +6.4% +14.0%
Per share
2.92 3.79 3.29 3.27 3.71 6.20 6.41 4.74 4.03 4.59
2.91 3.76 3.27 3.24 3.71 6.19 6.41 4.74 4.03 4.59
Growth +29.2% −13.0% −0.9% +14.5% +66.8% +3.6% −26.1% −15.0% +13.9%
125.1 126.0 126.1 128.2 129.5 133.4 134.1 169.2 211.6 211.9
125.9 134.2 133.2 136.4 129.6 140.0 141.7 169.2 211.6 211.9
Growth +6.5% −0.7% +2.5% −5.0% +8.0% +1.2% +19.4% +25.0% +0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 20.0% a year over five years, and earnings per share grew 4.3% a year.
  • The diluted share count rose 63.5% in five years, which is dilution.
  • Operating margin is down 186.8 points on five years ago, at 1,091.1%.
  • Profitable in every one of the 10 years on file.