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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $187.0M, roughly 1.0× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -14.6%, a 26.8% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -2.4%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs NSA — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.0× larger
AXSM
$196.0M
$187.0M
NSA
Growing faster (revenue YoY)
AXSM
AXSM
+66.7% gap
AXSM
65.0%
-1.6%
NSA
Higher net margin
NSA
NSA
26.8% more per $
NSA
12.2%
-14.6%
AXSM
More free cash flow
NSA
NSA
$318.5M more FCF
NSA
$299.8M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
NSA
NSA
Revenue
$196.0M
$187.0M
Net Profit
$-28.6M
$22.9M
Gross Margin
72.5%
Operating Margin
-13.8%
20.2%
Net Margin
-14.6%
12.2%
Revenue YoY
65.0%
-1.6%
Net Profit YoY
61.9%
36.8%
EPS (diluted)
$-0.55
$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
AXSM
AXSM
NSA
NSA
Q4 25
$196.0M
$187.0M
Q3 25
$171.0M
$188.7M
Q2 25
$150.0M
$188.8M
Q1 25
$121.5M
$188.4M
Q4 24
$118.8M
$190.1M
Q3 24
$104.8M
$193.6M
Q2 24
$87.2M
$190.4M
Q1 24
$75.0M
$196.1M
Net Profit
AXSM
AXSM
NSA
NSA
Q4 25
$-28.6M
$22.9M
Q3 25
$-47.2M
$18.4M
Q2 25
$-48.0M
$19.5M
Q1 25
$-59.4M
$13.0M
Q4 24
$-74.9M
$16.7M
Q3 24
$-64.6M
$18.7M
Q2 24
$-79.3M
$17.1M
Q1 24
$-68.4M
$59.0M
Gross Margin
AXSM
AXSM
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
AXSM
AXSM
NSA
NSA
Q4 25
-13.8%
20.2%
Q3 25
-27.0%
15.8%
Q2 25
-24.5%
16.5%
Q1 25
-46.9%
11.0%
Q4 24
-61.1%
14.5%
Q3 24
-59.8%
15.8%
Q2 24
-89.5%
17.2%
Q1 24
-89.7%
48.9%
Net Margin
AXSM
AXSM
NSA
NSA
Q4 25
-14.6%
12.2%
Q3 25
-27.6%
9.8%
Q2 25
-32.0%
10.3%
Q1 25
-48.9%
6.9%
Q4 24
-63.1%
8.8%
Q3 24
-61.7%
9.7%
Q2 24
-91.0%
9.0%
Q1 24
-91.1%
30.1%
EPS (diluted)
AXSM
AXSM
NSA
NSA
Q4 25
$-0.55
$0.23
Q3 25
$-0.94
$0.17
Q2 25
$-0.97
$0.19
Q1 25
$-1.22
$0.10
Q4 24
$-1.54
$0.19
Q3 24
$-1.34
$0.18
Q2 24
$-1.67
$0.16
Q1 24
$-1.44
$0.65

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
NSA
NSA
Cash + ST InvestmentsLiquidity on hand
$322.9M
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$946.0M
Total Assets
$689.8M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
NSA
NSA
Q4 25
$322.9M
$23.3M
Q3 25
$325.3M
$26.3M
Q2 25
$303.0M
$26.1M
Q1 25
$300.9M
$19.3M
Q4 24
$315.4M
$50.4M
Q3 24
$327.3M
$69.9M
Q2 24
$315.7M
$59.0M
Q1 24
$331.4M
$64.2M
Stockholders' Equity
AXSM
AXSM
NSA
NSA
Q4 25
$88.3M
$946.0M
Q3 25
$73.7M
$973.1M
Q2 25
$73.1M
$1.0B
Q1 25
$53.2M
$1.0B
Q4 24
$57.0M
$1.1B
Q3 24
$92.9M
$986.9M
Q2 24
$102.9M
$1.2B
Q1 24
$144.0M
$1.3B
Total Assets
AXSM
AXSM
NSA
NSA
Q4 25
$689.8M
$5.1B
Q3 25
$669.3M
$5.1B
Q2 25
$639.8M
$5.2B
Q1 25
$596.7M
$5.3B
Q4 24
$568.5M
$5.4B
Q3 24
$561.5M
$5.4B
Q2 24
$548.2M
$5.3B
Q1 24
$545.7M
$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
AXSM
AXSM
NSA
NSA
Operating Cash FlowLast quarter
$-18.7M
$338.5M
Free Cash FlowOCF − Capex
$-18.7M
$299.8M
FCF MarginFCF / Revenue
-9.6%
160.3%
Capex IntensityCapex / Revenue
0.0%
20.7%
Cash ConversionOCF / Net Profit
14.79×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$541.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
NSA
NSA
Q4 25
$-18.7M
$338.5M
Q3 25
$1.0M
$100.2M
Q2 25
$-32.4M
$79.9M
Q1 25
$-43.4M
$85.6M
Q4 24
$-26.2M
$363.1M
Q3 24
$-18.6M
$105.7M
Q2 24
$-30.1M
$83.2M
Q1 24
$-53.5M
$94.0M
Free Cash Flow
AXSM
AXSM
NSA
NSA
Q4 25
$-18.7M
$299.8M
Q3 25
$988.0K
$88.0M
Q2 25
$-32.4M
$73.8M
Q1 25
$-43.7M
$79.9M
Q4 24
$-26.2M
$344.4M
Q3 24
$-18.7M
$101.8M
Q2 24
$-30.2M
$79.5M
Q1 24
$-53.6M
$88.6M
FCF Margin
AXSM
AXSM
NSA
NSA
Q4 25
-9.6%
160.3%
Q3 25
0.6%
46.6%
Q2 25
-21.6%
39.1%
Q1 25
-36.0%
42.4%
Q4 24
-22.1%
181.2%
Q3 24
-17.9%
52.6%
Q2 24
-34.6%
41.7%
Q1 24
-71.4%
45.2%
Capex Intensity
AXSM
AXSM
NSA
NSA
Q4 25
0.0%
20.7%
Q3 25
0.0%
6.5%
Q2 25
0.0%
3.2%
Q1 25
0.3%
3.0%
Q4 24
0.0%
9.8%
Q3 24
0.1%
2.0%
Q2 24
0.1%
1.9%
Q1 24
0.1%
2.7%
Cash Conversion
AXSM
AXSM
NSA
NSA
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.

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