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Side-by-side financial comparison of Alarm.com Holdings, Inc. (ALRM) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Alarm.com Holdings, Inc. is the larger business by last-quarter revenue ($261.7M vs $187.0M, roughly 1.4× National Storage Affiliates Trust). Alarm.com Holdings, Inc. runs the higher net margin — 13.2% vs 12.2%, a 1.0% gap on every dollar of revenue. On growth, Alarm.com Holdings, Inc. posted the faster year-over-year revenue change (8.0% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $35.1M). Over the past eight quarters, Alarm.com Holdings, Inc.'s revenue compounded faster (8.3% CAGR vs -2.4%).
Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services. The company was founded in 2000 as a spinoff from MicroStrategy. The company is based in Tysons, Virginia.
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.
ALRM vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $261.7M | $187.0M |
| Net Profit | $34.6M | $22.9M |
| Gross Margin | 66.0% | 72.5% |
| Operating Margin | 13.4% | 20.2% |
| Net Margin | 13.2% | 12.2% |
| Revenue YoY | 8.0% | -1.6% |
| Net Profit YoY | 14.8% | 36.8% |
| EPS (diluted) | $0.66 | $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 | $261.7M | $187.0M | ||
| Q3 25 | $256.4M | $188.7M | ||
| Q2 25 | $254.3M | $188.8M | ||
| Q1 25 | $238.8M | $188.4M | ||
| Q4 24 | $242.2M | $190.1M | ||
| Q3 24 | $240.5M | $193.6M | ||
| Q2 24 | $233.8M | $190.4M | ||
| Q1 24 | $223.3M | $196.1M |
| Q4 25 | $34.6M | $22.9M | ||
| Q3 25 | $35.1M | $18.4M | ||
| Q2 25 | $34.2M | $19.5M | ||
| Q1 25 | $27.7M | $13.0M | ||
| Q4 24 | $30.1M | $16.7M | ||
| Q3 24 | $36.7M | $18.7M | ||
| Q2 24 | $33.5M | $17.1M | ||
| Q1 24 | $23.6M | $59.0M |
| Q4 25 | 66.0% | 72.5% | ||
| Q3 25 | 65.8% | 70.7% | ||
| Q2 25 | 65.6% | 70.5% | ||
| Q1 25 | 67.2% | 70.7% | ||
| Q4 24 | 65.5% | 72.5% | ||
| Q3 24 | 64.8% | 72.8% | ||
| Q2 24 | 65.2% | 72.6% | ||
| Q1 24 | 65.7% | 72.1% |
| Q4 25 | 13.4% | 20.2% | ||
| Q3 25 | 14.4% | 15.8% | ||
| Q2 25 | 12.6% | 16.5% | ||
| Q1 25 | 12.4% | 11.0% | ||
| Q4 24 | 12.7% | 14.5% | ||
| Q3 24 | 13.8% | 15.8% | ||
| Q2 24 | 11.0% | 17.2% | ||
| Q1 24 | 8.4% | 48.9% |
| Q4 25 | 13.2% | 12.2% | ||
| Q3 25 | 13.7% | 9.8% | ||
| Q2 25 | 13.5% | 10.3% | ||
| Q1 25 | 11.6% | 6.9% | ||
| Q4 24 | 12.4% | 8.8% | ||
| Q3 24 | 15.3% | 9.7% | ||
| Q2 24 | 14.3% | 9.0% | ||
| Q1 24 | 10.6% | 30.1% |
| Q4 25 | $0.66 | $0.23 | ||
| Q3 25 | $0.65 | $0.17 | ||
| Q2 25 | $0.63 | $0.19 | ||
| Q1 25 | $0.52 | $0.10 | ||
| Q4 24 | $0.56 | $0.19 | ||
| Q3 24 | $0.67 | $0.18 | ||
| Q2 24 | $0.62 | $0.16 | ||
| Q1 24 | $0.44 | $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 | $960.6M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $848.2M | $946.0M |
| Total Assets | $2.1B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.6M | $23.3M | ||
| Q3 25 | $1.1B | $26.3M | ||
| Q2 25 | $1.0B | $26.1M | ||
| Q1 25 | $1.2B | $19.3M | ||
| Q4 24 | $1.2B | $50.4M | ||
| Q3 24 | $1.2B | $69.9M | ||
| Q2 24 | $1.1B | $59.0M | ||
| Q1 24 | $747.9M | $64.2M |
| Q4 25 | $848.2M | $946.0M | ||
| Q3 25 | $827.2M | $973.1M | ||
| Q2 25 | $797.3M | $1.0B | ||
| Q1 25 | $759.6M | $1.0B | ||
| Q4 24 | $726.5M | $1.1B | ||
| Q3 24 | $690.3M | $986.9M | ||
| Q2 24 | $645.5M | $1.2B | ||
| Q1 24 | $728.1M | $1.3B |
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $2.1B | $5.1B | ||
| Q2 25 | $2.1B | $5.2B | ||
| Q1 25 | $2.1B | $5.3B | ||
| Q4 24 | $2.0B | $5.4B | ||
| Q3 24 | $2.0B | $5.4B | ||
| Q2 24 | $1.9B | $5.3B | ||
| Q1 24 | $1.5B | $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 | $35.9M | $338.5M |
| Free Cash FlowOCF − Capex | $35.1M | $299.8M |
| FCF MarginFCF / Revenue | 13.4% | 160.3% |
| Capex IntensityCapex / Revenue | 0.3% | 20.7% |
| Cash ConversionOCF / Net Profit | 1.04× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $137.0M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.9M | $338.5M | ||
| Q3 25 | $70.6M | $100.2M | ||
| Q2 25 | $22.7M | $79.9M | ||
| Q1 25 | $24.1M | $85.6M | ||
| Q4 24 | $56.3M | $363.1M | ||
| Q3 24 | $77.3M | $105.7M | ||
| Q2 24 | $23.0M | $83.2M | ||
| Q1 24 | $49.9M | $94.0M |
| Q4 25 | $35.1M | $299.8M | ||
| Q3 25 | $65.9M | $88.0M | ||
| Q2 25 | $18.2M | $73.8M | ||
| Q1 25 | $17.9M | $79.9M | ||
| Q4 24 | $54.0M | $344.4M | ||
| Q3 24 | $74.5M | $101.8M | ||
| Q2 24 | $21.0M | $79.5M | ||
| Q1 24 | $46.8M | $88.6M |
| Q4 25 | 13.4% | 160.3% | ||
| Q3 25 | 25.7% | 46.6% | ||
| Q2 25 | 7.1% | 39.1% | ||
| Q1 25 | 7.5% | 42.4% | ||
| Q4 24 | 22.3% | 181.2% | ||
| Q3 24 | 31.0% | 52.6% | ||
| Q2 24 | 9.0% | 41.7% | ||
| Q1 24 | 21.0% | 45.2% |
| Q4 25 | 0.3% | 20.7% | ||
| Q3 25 | 1.9% | 6.5% | ||
| Q2 25 | 1.8% | 3.2% | ||
| Q1 25 | 2.6% | 3.0% | ||
| Q4 24 | 0.9% | 9.8% | ||
| Q3 24 | 1.2% | 2.0% | ||
| Q2 24 | 0.9% | 1.9% | ||
| Q1 24 | 1.4% | 2.7% |
| Q4 25 | 1.04× | 14.79× | ||
| Q3 25 | 2.01× | 5.44× | ||
| Q2 25 | 0.66× | 4.10× | ||
| Q1 25 | 0.87× | 6.59× | ||
| Q4 24 | 1.87× | 21.70× | ||
| Q3 24 | 2.11× | 5.65× | ||
| Q2 24 | 0.69× | 4.88× | ||
| Q1 24 | 2.11× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
NSA
Segment breakdown not available.
