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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $187.0M, roughly 2.0× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 2.5%, a 9.7% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -6.3%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs -2.4%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

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.

AENT vs NSA — Head-to-Head

Bigger by revenue
AENT
AENT
2.0× larger
AENT
$368.7M
$187.0M
NSA
Growing faster (revenue YoY)
NSA
NSA
+4.7% gap
NSA
-1.6%
-6.3%
AENT
Higher net margin
NSA
NSA
9.7% more per $
NSA
12.2%
2.5%
AENT
More free cash flow
NSA
NSA
$316.7M more FCF
NSA
$299.8M
$-16.9M
AENT
Faster 2-yr revenue CAGR
AENT
AENT
Annualised
AENT
32.1%
-2.4%
NSA

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AENT
AENT
NSA
NSA
Revenue
$368.7M
$187.0M
Net Profit
$9.4M
$22.9M
Gross Margin
72.5%
Operating Margin
4.7%
20.2%
Net Margin
2.5%
12.2%
Revenue YoY
-6.3%
-1.6%
Net Profit YoY
32.8%
36.8%
EPS (diluted)
$0.18
$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.

Revenue
AENT
AENT
NSA
NSA
Q4 25
$368.7M
$187.0M
Q3 25
$254.0M
$188.7M
Q2 25
$227.8M
$188.8M
Q1 25
$213.0M
$188.4M
Q4 24
$393.7M
$190.1M
Q3 24
$229.0M
$193.6M
Q2 24
$236.9M
$190.4M
Q1 24
$211.2M
$196.1M
Net Profit
AENT
AENT
NSA
NSA
Q4 25
$9.4M
$22.9M
Q3 25
$4.9M
$18.4M
Q2 25
$5.8M
$19.5M
Q1 25
$1.9M
$13.0M
Q4 24
$7.1M
$16.7M
Q3 24
$397.0K
$18.7M
Q2 24
$2.5M
$17.1M
Q1 24
$-3.4M
$59.0M
Gross Margin
AENT
AENT
NSA
NSA
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%
Operating Margin
AENT
AENT
NSA
NSA
Q4 25
4.7%
20.2%
Q3 25
4.2%
15.8%
Q2 25
4.3%
16.5%
Q1 25
1.7%
11.0%
Q4 24
3.8%
14.5%
Q3 24
0.9%
15.8%
Q2 24
0.2%
17.2%
Q1 24
-0.3%
48.9%
Net Margin
AENT
AENT
NSA
NSA
Q4 25
2.5%
12.2%
Q3 25
1.9%
9.8%
Q2 25
2.5%
10.3%
Q1 25
0.9%
6.9%
Q4 24
1.8%
8.8%
Q3 24
0.2%
9.7%
Q2 24
1.1%
9.0%
Q1 24
-1.6%
30.1%
EPS (diluted)
AENT
AENT
NSA
NSA
Q4 25
$0.18
$0.23
Q3 25
$0.10
$0.17
Q2 25
$0.11
$0.19
Q1 25
$0.04
$0.10
Q4 24
$0.14
$0.19
Q3 24
$0.01
$0.18
Q2 24
$0.05
$0.16
Q1 24
$-0.07
$0.65

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AENT
AENT
NSA
NSA
Cash + ST InvestmentsLiquidity on hand
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$117.6M
$946.0M
Total Assets
$434.1M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
NSA
NSA
Q4 25
$23.3M
Q3 25
$26.3M
Q2 25
$26.1M
Q1 25
$19.3M
Q4 24
$50.4M
Q3 24
$4.3M
$69.9M
Q2 24
$1.1M
$59.0M
Q1 24
$1.6M
$64.2M
Stockholders' Equity
AENT
AENT
NSA
NSA
Q4 25
$117.6M
$946.0M
Q3 25
$108.1M
$973.1M
Q2 25
$103.2M
$1.0B
Q1 25
$97.4M
$1.0B
Q4 24
$95.6M
$1.1B
Q3 24
$88.0M
$986.9M
Q2 24
$87.6M
$1.2B
Q1 24
$85.1M
$1.3B
Total Assets
AENT
AENT
NSA
NSA
Q4 25
$434.1M
$5.1B
Q3 25
$383.0M
$5.1B
Q2 25
$361.2M
$5.2B
Q1 25
$349.4M
$5.3B
Q4 24
$401.7M
$5.4B
Q3 24
$395.7M
$5.4B
Q2 24
$340.8M
$5.3B
Q1 24
$324.0M
$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
AENT
AENT
NSA
NSA
Operating Cash FlowLast quarter
$-16.5M
$338.5M
Free Cash FlowOCF − Capex
$-16.9M
$299.8M
FCF MarginFCF / Revenue
-4.6%
160.3%
Capex IntensityCapex / Revenue
0.1%
20.7%
Cash ConversionOCF / Net Profit
-1.76×
14.79×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$541.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
NSA
NSA
Q4 25
$-16.5M
$338.5M
Q3 25
$2.7M
$100.2M
Q2 25
$10.7M
$79.9M
Q1 25
$2.5M
$85.6M
Q4 24
$25.3M
$363.1M
Q3 24
$-11.6M
$105.7M
Q2 24
$9.7M
$83.2M
Q1 24
$20.0M
$94.0M
Free Cash Flow
AENT
AENT
NSA
NSA
Q4 25
$-16.9M
$299.8M
Q3 25
$2.4M
$88.0M
Q2 25
$10.7M
$73.8M
Q1 25
$2.4M
$79.9M
Q4 24
$344.4M
Q3 24
$-11.6M
$101.8M
Q2 24
$79.5M
Q1 24
$20.0M
$88.6M
FCF Margin
AENT
AENT
NSA
NSA
Q4 25
-4.6%
160.3%
Q3 25
0.9%
46.6%
Q2 25
4.7%
39.1%
Q1 25
1.1%
42.4%
Q4 24
181.2%
Q3 24
-5.1%
52.6%
Q2 24
41.7%
Q1 24
9.4%
45.2%
Capex Intensity
AENT
AENT
NSA
NSA
Q4 25
0.1%
20.7%
Q3 25
0.1%
6.5%
Q2 25
0.0%
3.2%
Q1 25
0.0%
3.0%
Q4 24
0.0%
9.8%
Q3 24
0.0%
2.0%
Q2 24
1.9%
Q1 24
0.0%
2.7%
Cash Conversion
AENT
AENT
NSA
NSA
Q4 25
-1.76×
14.79×
Q3 25
0.56×
5.44×
Q2 25
1.86×
4.10×
Q1 25
1.33×
6.59×
Q4 24
3.57×
21.70×
Q3 24
-29.31×
5.65×
Q2 24
3.85×
4.88×
Q1 24
1.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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