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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $172.5M, roughly 1.1× Donnelley Financial Solutions, Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 3.6%, a 8.6% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $47.9M). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% CAGR vs -7.9%).
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
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.
DFIN vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $187.0M |
| Net Profit | $6.2M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | 8.3% | 20.2% |
| Net Margin | 3.6% | 12.2% |
| Revenue YoY | 10.4% | -1.6% |
| Net Profit YoY | -1.6% | 36.8% |
| EPS (diluted) | $0.31 | $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 | $172.5M | $187.0M | ||
| Q3 25 | $175.3M | $188.7M | ||
| Q2 25 | $218.1M | $188.8M | ||
| Q1 25 | $201.1M | $188.4M | ||
| Q4 24 | $156.3M | $190.1M | ||
| Q3 24 | $179.5M | $193.6M | ||
| Q2 24 | $242.7M | $190.4M | ||
| Q1 24 | $203.4M | $196.1M |
| Q4 25 | $6.2M | $22.9M | ||
| Q3 25 | $-40.9M | $18.4M | ||
| Q2 25 | $36.1M | $19.5M | ||
| Q1 25 | $31.0M | $13.0M | ||
| Q4 24 | $6.3M | $16.7M | ||
| Q3 24 | $8.7M | $18.7M | ||
| Q2 24 | $44.1M | $17.1M | ||
| Q1 24 | $33.3M | $59.0M |
| 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% |
| Q4 25 | 8.3% | 20.2% | ||
| Q3 25 | 16.1% | 15.8% | ||
| Q2 25 | 24.2% | 16.5% | ||
| Q1 25 | 22.8% | 11.0% | ||
| Q4 24 | 6.0% | 14.5% | ||
| Q3 24 | 10.1% | 15.8% | ||
| Q2 24 | 26.6% | 17.2% | ||
| Q1 24 | 21.9% | 48.9% |
| Q4 25 | 3.6% | 12.2% | ||
| Q3 25 | -23.3% | 9.8% | ||
| Q2 25 | 16.6% | 10.3% | ||
| Q1 25 | 15.4% | 6.9% | ||
| Q4 24 | 4.0% | 8.8% | ||
| Q3 24 | 4.8% | 9.7% | ||
| Q2 24 | 18.2% | 9.0% | ||
| Q1 24 | 16.4% | 30.1% |
| Q4 25 | $0.31 | $0.23 | ||
| Q3 25 | $-1.49 | $0.17 | ||
| Q2 25 | $1.28 | $0.19 | ||
| Q1 25 | $1.05 | $0.10 | ||
| Q4 24 | $0.21 | $0.19 | ||
| Q3 24 | $0.29 | $0.18 | ||
| Q2 24 | $1.47 | $0.16 | ||
| Q1 24 | $1.09 | $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 | $24.5M | $23.3M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $946.0M |
| Total Assets | $800.4M | $5.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $23.3M | ||
| Q3 25 | $22.7M | $26.3M | ||
| Q2 25 | $33.8M | $26.1M | ||
| Q1 25 | $16.2M | $19.3M | ||
| Q4 24 | $57.3M | $50.4M | ||
| Q3 24 | $33.6M | $69.9M | ||
| Q2 24 | $35.0M | $59.0M | ||
| Q1 24 | $43.7M | $64.2M |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $154.7M | — | ||
| Q2 25 | $190.1M | — | ||
| Q1 25 | $189.5M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $379.2M | $946.0M | ||
| Q3 25 | $423.1M | $973.1M | ||
| Q2 25 | $432.1M | $1.0B | ||
| Q1 25 | $419.9M | $1.0B | ||
| Q4 24 | $436.1M | $1.1B | ||
| Q3 24 | $444.5M | $986.9M | ||
| Q2 24 | $441.5M | $1.2B | ||
| Q1 24 | $408.9M | $1.3B |
| Q4 25 | $800.4M | $5.1B | ||
| Q3 25 | $816.3M | $5.1B | ||
| Q2 25 | $874.7M | $5.2B | ||
| Q1 25 | $852.8M | $5.3B | ||
| Q4 24 | $841.6M | $5.4B | ||
| Q3 24 | $843.6M | $5.4B | ||
| Q2 24 | $882.9M | $5.3B | ||
| Q1 24 | $867.8M | $5.4B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $59.8M | $338.5M |
| Free Cash FlowOCF − Capex | $47.9M | $299.8M |
| FCF MarginFCF / Revenue | 27.8% | 160.3% |
| Capex IntensityCapex / Revenue | 6.9% | 20.7% |
| Cash ConversionOCF / Net Profit | 9.65× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $338.5M | ||
| Q3 25 | $74.4M | $100.2M | ||
| Q2 25 | $68.4M | $79.9M | ||
| Q1 25 | $-37.7M | $85.6M | ||
| Q4 24 | $56.4M | $363.1M | ||
| Q3 24 | $86.4M | $105.7M | ||
| Q2 24 | $56.2M | $83.2M | ||
| Q1 24 | $-27.9M | $94.0M |
| Q4 25 | $47.9M | $299.8M | ||
| Q3 25 | $59.2M | $88.0M | ||
| Q2 25 | $51.7M | $73.8M | ||
| Q1 25 | $-51.0M | $79.9M | ||
| Q4 24 | $41.3M | $344.4M | ||
| Q3 24 | $67.3M | $101.8M | ||
| Q2 24 | $36.8M | $79.5M | ||
| Q1 24 | $-40.2M | $88.6M |
| Q4 25 | 27.8% | 160.3% | ||
| Q3 25 | 33.8% | 46.6% | ||
| Q2 25 | 23.7% | 39.1% | ||
| Q1 25 | -25.4% | 42.4% | ||
| Q4 24 | 26.4% | 181.2% | ||
| Q3 24 | 37.5% | 52.6% | ||
| Q2 24 | 15.2% | 41.7% | ||
| Q1 24 | -19.8% | 45.2% |
| Q4 25 | 6.9% | 20.7% | ||
| Q3 25 | 8.7% | 6.5% | ||
| Q2 25 | 7.7% | 3.2% | ||
| Q1 25 | 6.6% | 3.0% | ||
| Q4 24 | 9.7% | 9.8% | ||
| Q3 24 | 10.6% | 2.0% | ||
| Q2 24 | 8.0% | 1.9% | ||
| Q1 24 | 6.0% | 2.7% |
| Q4 25 | 9.65× | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | 1.89× | 4.10× | ||
| Q1 25 | -1.22× | 6.59× | ||
| Q4 24 | 8.95× | 21.70× | ||
| Q3 24 | 9.93× | 5.65× | ||
| Q2 24 | 1.27× | 4.88× | ||
| Q1 24 | -0.84× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
NSA
Segment breakdown not available.
