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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $187.0M, roughly 1.9× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 3.6%, a 8.7% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -1.6%). Over the past eight quarters, BJs RESTAURANTS INC's revenue compounded faster (2.6% CAGR vs -2.4%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
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.
BJRI vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $187.0M |
| Net Profit | $12.6M | $22.9M |
| Gross Margin | 74.5% | 72.5% |
| Operating Margin | 3.1% | 20.2% |
| Net Margin | 3.6% | 12.2% |
| Revenue YoY | 3.2% | -1.6% |
| Net Profit YoY | -24.2% | 36.8% |
| EPS (diluted) | $0.58 | $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 | $355.4M | $187.0M | ||
| Q3 25 | $365.6M | $188.7M | ||
| Q2 25 | $348.0M | $188.8M | ||
| Q1 25 | — | $188.4M | ||
| Q4 24 | $325.7M | $190.1M | ||
| Q3 24 | $349.9M | $193.6M | ||
| Q2 24 | $337.3M | $190.4M | ||
| Q1 24 | — | $196.1M |
| Q4 25 | $12.6M | $22.9M | ||
| Q3 25 | $22.2M | $18.4M | ||
| Q2 25 | $13.5M | $19.5M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | $-2.9M | $16.7M | ||
| Q3 24 | $17.2M | $18.7M | ||
| Q2 24 | $7.7M | $17.1M | ||
| Q1 24 | — | $59.0M |
| Q4 25 | 74.5% | 72.5% | ||
| Q3 25 | 75.2% | 70.7% | ||
| Q2 25 | 75.0% | 70.5% | ||
| Q1 25 | — | 70.7% | ||
| Q4 24 | 73.4% | 72.5% | ||
| Q3 24 | 74.3% | 72.8% | ||
| Q2 24 | 74.8% | 72.6% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 3.1% | 20.2% | ||
| Q3 25 | 5.8% | 15.8% | ||
| Q2 25 | 4.3% | 16.5% | ||
| Q1 25 | — | 11.0% | ||
| Q4 24 | -0.8% | 14.5% | ||
| Q3 24 | 3.8% | 15.8% | ||
| Q2 24 | 2.4% | 17.2% | ||
| Q1 24 | — | 48.9% |
| Q4 25 | 3.6% | 12.2% | ||
| Q3 25 | 6.1% | 9.8% | ||
| Q2 25 | 3.9% | 10.3% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | -0.9% | 8.8% | ||
| Q3 24 | 4.9% | 9.7% | ||
| Q2 24 | 2.3% | 9.0% | ||
| Q1 24 | — | 30.1% |
| Q4 25 | $0.58 | $0.23 | ||
| Q3 25 | $0.97 | $0.17 | ||
| Q2 25 | $0.58 | $0.19 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | $-0.13 | $0.19 | ||
| Q3 24 | $0.72 | $0.18 | ||
| Q2 24 | $0.32 | $0.16 | ||
| Q1 24 | — | $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 | $23.8M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $366.2M | $946.0M |
| Total Assets | $1.0B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $23.3M | ||
| Q3 25 | $26.0M | $26.3M | ||
| Q2 25 | $19.0M | $26.1M | ||
| Q1 25 | — | $19.3M | ||
| Q4 24 | $18.4M | $50.4M | ||
| Q3 24 | $16.2M | $69.9M | ||
| Q2 24 | $18.8M | $59.0M | ||
| Q1 24 | — | $64.2M |
| Q4 25 | — | — | ||
| Q3 25 | $60.5M | — | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $366.2M | $946.0M | ||
| Q3 25 | $386.6M | $973.1M | ||
| Q2 25 | $371.5M | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $376.2M | $1.1B | ||
| Q3 24 | $386.5M | $986.9M | ||
| Q2 24 | $375.4M | $1.2B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $1.0B | $5.1B | ||
| Q3 25 | $1.0B | $5.1B | ||
| Q2 25 | $1.0B | $5.2B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $1.0B | $5.4B | ||
| Q3 24 | $1.0B | $5.4B | ||
| Q2 24 | $1.0B | $5.3B | ||
| Q1 24 | — | $5.4B |
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | — |
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 | — | $338.5M |
| Free Cash FlowOCF − Capex | — | $299.8M |
| FCF MarginFCF / Revenue | — | 160.3% |
| Capex IntensityCapex / Revenue | — | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | — | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.5M | ||
| Q3 25 | $62.3M | $100.2M | ||
| Q2 25 | $4.6M | $79.9M | ||
| Q1 25 | — | $85.6M | ||
| Q4 24 | $27.3M | $363.1M | ||
| Q3 24 | $20.2M | $105.7M | ||
| Q2 24 | $22.3M | $83.2M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | — | $299.8M | ||
| Q3 25 | $41.9M | $88.0M | ||
| Q2 25 | $-12.1M | $73.8M | ||
| Q1 25 | — | $79.9M | ||
| Q4 24 | $7.6M | $344.4M | ||
| Q3 24 | $735.0K | $101.8M | ||
| Q2 24 | $448.0K | $79.5M | ||
| Q1 24 | — | $88.6M |
| Q4 25 | — | 160.3% | ||
| Q3 25 | 11.5% | 46.6% | ||
| Q2 25 | -3.5% | 39.1% | ||
| Q1 25 | — | 42.4% | ||
| Q4 24 | 2.3% | 181.2% | ||
| Q3 24 | 0.2% | 52.6% | ||
| Q2 24 | 0.1% | 41.7% | ||
| Q1 24 | — | 45.2% |
| Q4 25 | — | 20.7% | ||
| Q3 25 | 5.6% | 6.5% | ||
| Q2 25 | 4.8% | 3.2% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | 6.0% | 9.8% | ||
| Q3 24 | 5.6% | 2.0% | ||
| Q2 24 | 6.5% | 1.9% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | 2.80× | 5.44× | ||
| Q2 25 | 0.34× | 4.10× | ||
| Q1 25 | — | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | 1.18× | 5.65× | ||
| Q2 24 | 2.89× | 4.88× | ||
| Q1 24 | — | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
