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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $183.6M, roughly 1.0× ACV Auctions Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-14.7M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -2.4%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
ACVA vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $187.0M |
| Net Profit | — | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | -9.7% | 20.2% |
| Net Margin | — | 12.2% |
| Revenue YoY | 15.1% | -1.6% |
| Net Profit YoY | — | 36.8% |
| EPS (diluted) | $-0.12 | $0.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $187.0M | ||
| Q3 25 | $199.6M | $188.7M | ||
| Q2 25 | $193.7M | $188.8M | ||
| Q1 25 | $182.7M | $188.4M | ||
| Q4 24 | $159.5M | $190.1M | ||
| Q3 24 | $171.3M | $193.6M | ||
| Q2 24 | $160.6M | $190.4M | ||
| Q1 24 | $145.7M | $196.1M |
| Q4 25 | — | $22.9M | ||
| Q3 25 | $-24.5M | $18.4M | ||
| Q2 25 | $-7.3M | $19.5M | ||
| Q1 25 | $-14.8M | $13.0M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | $-16.0M | $18.7M | ||
| Q2 24 | $-17.1M | $17.1M | ||
| Q1 24 | $-20.5M | $59.0M |
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | — | 70.5% | ||
| Q1 25 | — | 70.7% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.8% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | -9.7% | 20.2% | ||
| Q3 25 | -11.9% | 15.8% | ||
| Q2 25 | -3.7% | 16.5% | ||
| Q1 25 | -7.9% | 11.0% | ||
| Q4 24 | -16.2% | 14.5% | ||
| Q3 24 | -10.0% | 15.8% | ||
| Q2 24 | -11.6% | 17.2% | ||
| Q1 24 | -15.5% | 48.9% |
| Q4 25 | — | 12.2% | ||
| Q3 25 | -12.3% | 9.8% | ||
| Q2 25 | -3.8% | 10.3% | ||
| Q1 25 | -8.1% | 6.9% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | -9.4% | 9.7% | ||
| Q2 24 | -10.6% | 9.0% | ||
| Q1 24 | -14.1% | 30.1% |
| Q4 25 | $-0.12 | $0.23 | ||
| Q3 25 | $-0.14 | $0.17 | ||
| Q2 25 | $-0.04 | $0.19 | ||
| Q1 25 | $-0.09 | $0.10 | ||
| Q4 24 | $-0.15 | $0.19 | ||
| Q3 24 | $-0.10 | $0.18 | ||
| Q2 24 | $-0.10 | $0.16 | ||
| Q1 24 | $-0.13 | $0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $429.7M | $946.0M |
| Total Assets | $1.1B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $23.3M | ||
| Q3 25 | $265.3M | $26.3M | ||
| Q2 25 | $258.4M | $26.1M | ||
| Q1 25 | $291.9M | $19.3M | ||
| Q4 24 | $224.1M | $50.4M | ||
| Q3 24 | $252.5M | $69.9M | ||
| Q2 24 | $215.0M | $59.0M | ||
| Q1 24 | $209.8M | $64.2M |
| Q4 25 | $429.7M | $946.0M | ||
| Q3 25 | $434.4M | $973.1M | ||
| Q2 25 | $448.8M | $1.0B | ||
| Q1 25 | $439.6M | $1.0B | ||
| Q4 24 | $440.0M | $1.1B | ||
| Q3 24 | $456.2M | $986.9M | ||
| Q2 24 | $457.6M | $1.2B | ||
| Q1 24 | $458.3M | $1.3B |
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $1.2B | $5.1B | ||
| Q2 25 | $1.1B | $5.2B | ||
| Q1 25 | $1.2B | $5.3B | ||
| Q4 24 | $984.1M | $5.4B | ||
| Q3 24 | $1.0B | $5.4B | ||
| Q2 24 | $1.0B | $5.3B | ||
| Q1 24 | $1.0B | $5.4B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $338.5M |
| Free Cash FlowOCF − Capex | $-14.7M | $299.8M |
| FCF MarginFCF / Revenue | -8.0% | 160.3% |
| Capex IntensityCapex / Revenue | 1.2% | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $338.5M | ||
| Q3 25 | $10.3M | $100.2M | ||
| Q2 25 | $13.7M | $79.9M | ||
| Q1 25 | $66.6M | $85.6M | ||
| Q4 24 | $-3.2M | $363.1M | ||
| Q3 24 | $21.1M | $105.7M | ||
| Q2 24 | $4.5M | $83.2M | ||
| Q1 24 | $43.0M | $94.0M |
| Q4 25 | $-14.7M | $299.8M | ||
| Q3 25 | $7.7M | $88.0M | ||
| Q2 25 | $10.9M | $73.8M | ||
| Q1 25 | $65.3M | $79.9M | ||
| Q4 24 | $-3.9M | $344.4M | ||
| Q3 24 | $20.2M | $101.8M | ||
| Q2 24 | $2.7M | $79.5M | ||
| Q1 24 | $41.9M | $88.6M |
| Q4 25 | -8.0% | 160.3% | ||
| Q3 25 | 3.8% | 46.6% | ||
| Q2 25 | 5.6% | 39.1% | ||
| Q1 25 | 35.7% | 42.4% | ||
| Q4 24 | -2.5% | 181.2% | ||
| Q3 24 | 11.8% | 52.6% | ||
| Q2 24 | 1.7% | 41.7% | ||
| Q1 24 | 28.8% | 45.2% |
| Q4 25 | 1.2% | 20.7% | ||
| Q3 25 | 1.3% | 6.5% | ||
| Q2 25 | 1.5% | 3.2% | ||
| Q1 25 | 0.7% | 3.0% | ||
| Q4 24 | 0.4% | 9.8% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 1.1% | 1.9% | ||
| Q1 24 | 0.7% | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | — | 5.65× | ||
| Q2 24 | — | 4.88× | ||
| Q1 24 | — | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
NSA
Segment breakdown not available.
