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Side-by-side financial comparison of CubeSmart (CUBE) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.
Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $281.9M, roughly 1.2× CubeSmart). CubeSmart runs the higher net margin — 29.4% vs 21.4%, a 8.0% gap on every dollar of revenue. On growth, CubeSmart posted the faster year-over-year revenue change (3.3% vs -4.3%).
CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2024, it owned 631 self storage properties in 25 states and the District of Columbia containing 45.8 million rentable square feet. It is the 3rd largest self storage company in the United States.
Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
CUBE vs NMM — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $281.9M | $327.6M |
| Net Profit | $82.8M | $69.9M |
| Gross Margin | — | 90.5% |
| Operating Margin | 40.2% | — |
| Net Margin | 29.4% | 21.4% |
| Revenue YoY | 3.3% | -4.3% |
| Net Profit YoY | -6.8% | -31.1% |
| EPS (diluted) | $0.36 | — |
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.
| Q1 26 | $281.9M | — | ||
| Q4 25 | $282.7M | — | ||
| Q3 25 | $285.1M | — | ||
| Q2 25 | $282.3M | $327.6M | ||
| Q1 25 | $273.0M | — | ||
| Q4 24 | $267.7M | — | ||
| Q3 24 | $270.9M | — | ||
| Q2 24 | $266.2M | $342.2M |
| Q1 26 | $82.8M | — | ||
| Q4 25 | $77.7M | — | ||
| Q3 25 | $82.4M | — | ||
| Q2 25 | $82.4M | $69.9M | ||
| Q1 25 | $88.7M | — | ||
| Q4 24 | $101.9M | — | ||
| Q3 24 | $101.0M | — | ||
| Q2 24 | $94.2M | $101.5M |
| Q1 26 | — | — | ||
| Q4 25 | 68.7% | — | ||
| Q3 25 | 68.1% | — | ||
| Q2 25 | 68.5% | 90.5% | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 71.7% | — | ||
| Q3 24 | 69.8% | — | ||
| Q2 24 | 68.8% | 88.3% |
| Q1 26 | 40.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 29.4% | — | ||
| Q4 25 | 27.5% | — | ||
| Q3 25 | 28.9% | — | ||
| Q2 25 | 29.2% | 21.4% | ||
| Q1 25 | 32.5% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 35.4% | 29.7% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.35 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $0.36 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $0.45 | — | ||
| Q3 24 | $0.44 | — | ||
| Q2 24 | $0.41 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $377.0M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $2.7B | — |
| Total Assets | $6.6B | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | — | ||
| Q3 25 | $108.4M | — | ||
| Q2 25 | $8.7M | $377.0M | ||
| Q1 25 | $10.8M | — | ||
| Q4 24 | $71.6M | — | ||
| Q3 24 | $43.5M | — | ||
| Q2 24 | $5.7M | $272.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.4B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — |
| Q1 26 | $6.6B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.8B | — | ||
| Q2 25 | $6.7B | $5.9B | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $6.2B | $5.3B |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CUBE
| Rental income | $239.9M | 85% |
| Other | $32.1M | 11% |
| Property management fee income | $9.9M | 4% |
NMM
Segment breakdown not available.
