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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $187.0M, roughly 2.0× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 4.1%, a 8.1% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -2.4%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $187.0M |
| Net Profit | $15.1M | $22.9M |
| Gross Margin | 38.1% | 72.5% |
| Operating Margin | 5.6% | 20.2% |
| Net Margin | 4.1% | 12.2% |
| Revenue YoY | 5.1% | -1.6% |
| Net Profit YoY | -29.1% | 36.8% |
| EPS (diluted) | $0.11 | $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 | $364.8M | $187.0M | ||
| Q3 25 | $344.6M | $188.7M | ||
| Q2 25 | $358.4M | $188.8M | ||
| Q1 25 | $311.4M | $188.4M | ||
| Q4 24 | $347.0M | $190.1M | ||
| Q3 24 | $319.1M | $193.6M | ||
| Q2 24 | $309.8M | $190.4M | ||
| Q1 24 | $295.2M | $196.1M |
| Q4 25 | $15.1M | $22.9M | ||
| Q3 25 | $12.2M | $18.4M | ||
| Q2 25 | $35.1M | $19.5M | ||
| Q1 25 | $4.9M | $13.0M | ||
| Q4 24 | $21.3M | $16.7M | ||
| Q3 24 | $9.9M | $18.7M | ||
| Q2 24 | $22.2M | $17.1M | ||
| Q1 24 | $15.1M | $59.0M |
| Q4 25 | 38.1% | 72.5% | ||
| Q3 25 | 38.7% | 70.7% | ||
| Q2 25 | 41.4% | 70.5% | ||
| Q1 25 | 37.1% | 70.7% | ||
| Q4 24 | 40.0% | 72.5% | ||
| Q3 24 | 38.6% | 72.8% | ||
| Q2 24 | 40.1% | 72.6% | ||
| Q1 24 | 39.0% | 72.1% |
| Q4 25 | 5.6% | 20.2% | ||
| Q3 25 | 4.8% | 15.8% | ||
| Q2 25 | 13.0% | 16.5% | ||
| Q1 25 | 1.7% | 11.0% | ||
| Q4 24 | 8.2% | 14.5% | ||
| Q3 24 | 3.3% | 15.8% | ||
| Q2 24 | 9.5% | 17.2% | ||
| Q1 24 | 6.2% | 48.9% |
| Q4 25 | 4.1% | 12.2% | ||
| Q3 25 | 3.5% | 9.8% | ||
| Q2 25 | 9.8% | 10.3% | ||
| Q1 25 | 1.6% | 6.9% | ||
| Q4 24 | 6.1% | 8.8% | ||
| Q3 24 | 3.1% | 9.7% | ||
| Q2 24 | 7.2% | 9.0% | ||
| Q1 24 | 5.1% | 30.1% |
| Q4 25 | $0.11 | $0.23 | ||
| Q3 25 | $0.09 | $0.17 | ||
| Q2 25 | $0.25 | $0.19 | ||
| Q1 25 | $0.03 | $0.10 | ||
| Q4 24 | $0.15 | $0.19 | ||
| Q3 24 | $0.07 | $0.18 | ||
| Q2 24 | $0.16 | $0.16 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $946.0M |
| Total Assets | $1.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $23.3M | ||
| Q3 25 | $262.2M | $26.3M | ||
| Q2 25 | $234.8M | $26.1M | ||
| Q1 25 | $214.4M | $19.3M | ||
| Q4 24 | $197.5M | $50.4M | ||
| Q3 24 | $177.7M | $69.9M | ||
| Q2 24 | $174.2M | $59.0M | ||
| Q1 24 | $233.2M | $64.2M |
| Q4 25 | $418.2M | $946.0M | ||
| Q3 25 | $400.4M | $973.1M | ||
| Q2 25 | $385.6M | $1.0B | ||
| Q1 25 | $348.8M | $1.0B | ||
| Q4 24 | $343.7M | $1.1B | ||
| Q3 24 | $320.6M | $986.9M | ||
| Q2 24 | $309.3M | $1.2B | ||
| Q1 24 | $285.6M | $1.3B |
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.3B | $5.2B | ||
| Q1 25 | $1.3B | $5.3B | ||
| Q4 24 | $1.2B | $5.4B | ||
| Q3 24 | $1.2B | $5.4B | ||
| Q2 24 | $1.2B | $5.3B | ||
| Q1 24 | $1.2B | $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 | $9.3M | $338.5M |
| Free Cash FlowOCF − Capex | $-8.8M | $299.8M |
| FCF MarginFCF / Revenue | -2.4% | 160.3% |
| Capex IntensityCapex / Revenue | 5.0% | 20.7% |
| Cash ConversionOCF / Net Profit | 0.62× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $338.5M | ||
| Q3 25 | $46.1M | $100.2M | ||
| Q2 25 | $34.9M | $79.9M | ||
| Q1 25 | $46.5M | $85.6M | ||
| Q4 24 | $31.7M | $363.1M | ||
| Q3 24 | $31.1M | $105.7M | ||
| Q2 24 | $47.5M | $83.2M | ||
| Q1 24 | $36.8M | $94.0M |
| Q4 25 | $-8.8M | $299.8M | ||
| Q3 25 | $28.0M | $88.0M | ||
| Q2 25 | $20.9M | $73.8M | ||
| Q1 25 | $18.9M | $79.9M | ||
| Q4 24 | $13.0M | $344.4M | ||
| Q3 24 | $4.6M | $101.8M | ||
| Q2 24 | $11.3M | $79.5M | ||
| Q1 24 | $10.9M | $88.6M |
| Q4 25 | -2.4% | 160.3% | ||
| Q3 25 | 8.1% | 46.6% | ||
| Q2 25 | 5.8% | 39.1% | ||
| Q1 25 | 6.1% | 42.4% | ||
| Q4 24 | 3.7% | 181.2% | ||
| Q3 24 | 1.4% | 52.6% | ||
| Q2 24 | 3.6% | 41.7% | ||
| Q1 24 | 3.7% | 45.2% |
| Q4 25 | 5.0% | 20.7% | ||
| Q3 25 | 5.3% | 6.5% | ||
| Q2 25 | 3.9% | 3.2% | ||
| Q1 25 | 8.9% | 3.0% | ||
| Q4 24 | 5.4% | 9.8% | ||
| Q3 24 | 8.3% | 2.0% | ||
| Q2 24 | 11.7% | 1.9% | ||
| Q1 24 | 8.8% | 2.7% |
| Q4 25 | 0.62× | 14.79× | ||
| Q3 25 | 3.77× | 5.44× | ||
| Q2 25 | 1.00× | 4.10× | ||
| Q1 25 | 9.53× | 6.59× | ||
| Q4 24 | 1.49× | 21.70× | ||
| Q3 24 | 3.14× | 5.65× | ||
| Q2 24 | 2.14× | 4.88× | ||
| Q1 24 | 2.44× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
NSA
Segment breakdown not available.
