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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $187.0M, roughly 1.3× National Storage Affiliates Trust). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 12.2%, a 15.7% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs -2.4%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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.
DOUG vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $187.0M |
| Net Profit | $68.6M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | 27.3% | 20.2% |
| Net Margin | 27.9% | 12.2% |
| Revenue YoY | 0.9% | -1.6% |
| Net Profit YoY | 1243.4% | 36.8% |
| EPS (diluted) | $0.80 | $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 | $245.4M | $187.0M | ||
| Q3 25 | $262.8M | $188.7M | ||
| Q2 25 | $271.4M | $188.8M | ||
| Q1 25 | $253.4M | $188.4M | ||
| Q4 24 | $243.3M | $190.1M | ||
| Q3 24 | $266.3M | $193.6M | ||
| Q2 24 | $285.8M | $190.4M | ||
| Q1 24 | $200.2M | $196.1M |
| Q4 25 | $68.6M | $22.9M | ||
| Q3 25 | $-24.7M | $18.4M | ||
| Q2 25 | $-22.7M | $19.5M | ||
| Q1 25 | $-6.0M | $13.0M | ||
| Q4 24 | $-6.0M | $16.7M | ||
| Q3 24 | $-27.2M | $18.7M | ||
| Q2 24 | $-1.7M | $17.1M | ||
| Q1 24 | $-41.5M | $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 | 27.3% | 20.2% | ||
| Q3 25 | -4.1% | 15.8% | ||
| Q2 25 | -2.0% | 16.5% | ||
| Q1 25 | -2.1% | 11.0% | ||
| Q4 24 | -6.7% | 14.5% | ||
| Q3 24 | -2.8% | 15.8% | ||
| Q2 24 | -1.3% | 17.2% | ||
| Q1 24 | -20.7% | 48.9% |
| Q4 25 | 27.9% | 12.2% | ||
| Q3 25 | -9.4% | 9.8% | ||
| Q2 25 | -8.4% | 10.3% | ||
| Q1 25 | -2.4% | 6.9% | ||
| Q4 24 | -2.5% | 8.8% | ||
| Q3 24 | -10.2% | 9.7% | ||
| Q2 24 | -0.6% | 9.0% | ||
| Q1 24 | -20.7% | 30.1% |
| Q4 25 | $0.80 | $0.23 | ||
| Q3 25 | $-0.29 | $0.17 | ||
| Q2 25 | $-0.27 | $0.19 | ||
| Q1 25 | $-0.07 | $0.10 | ||
| Q4 24 | $-0.06 | $0.19 | ||
| Q3 24 | $-0.33 | $0.18 | ||
| Q2 24 | $-0.02 | $0.16 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $946.0M |
| Total Assets | $444.4M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $23.3M | ||
| Q3 25 | $143.0M | $26.3M | ||
| Q2 25 | $136.3M | $26.1M | ||
| Q1 25 | $136.8M | $19.3M | ||
| Q4 24 | $145.5M | $50.4M | ||
| Q3 24 | $151.4M | $69.9M | ||
| Q2 24 | $92.9M | $59.0M | ||
| Q1 24 | $91.5M | $64.2M |
| Q4 25 | $183.9M | $946.0M | ||
| Q3 25 | $115.1M | $973.1M | ||
| Q2 25 | $137.6M | $1.0B | ||
| Q1 25 | $158.2M | $1.0B | ||
| Q4 24 | $162.2M | $1.1B | ||
| Q3 24 | $173.6M | $986.9M | ||
| Q2 24 | $196.9M | $1.2B | ||
| Q1 24 | $195.1M | $1.3B |
| Q4 25 | $444.4M | $5.1B | ||
| Q3 25 | $480.6M | $5.1B | ||
| Q2 25 | $489.0M | $5.2B | ||
| Q1 25 | $493.9M | $5.3B | ||
| Q4 24 | $493.9M | $5.4B | ||
| Q3 24 | $502.7M | $5.4B | ||
| Q2 24 | $463.9M | $5.3B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $338.5M |
| Free Cash FlowOCF − Capex | $-14.7M | $299.8M |
| FCF MarginFCF / Revenue | -6.0% | 160.3% |
| Capex IntensityCapex / Revenue | 0.1% | 20.7% |
| Cash ConversionOCF / Net Profit | -0.21× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $338.5M | ||
| Q3 25 | $5.5M | $100.2M | ||
| Q2 25 | $642.0K | $79.9M | ||
| Q1 25 | $-5.6M | $85.6M | ||
| Q4 24 | $-9.0M | $363.1M | ||
| Q3 24 | $9.0M | $105.7M | ||
| Q2 24 | $1.3M | $83.2M | ||
| Q1 24 | $-27.3M | $94.0M |
| Q4 25 | $-14.7M | $299.8M | ||
| Q3 25 | $4.7M | $88.0M | ||
| Q2 25 | $-575.0K | $73.8M | ||
| Q1 25 | $-6.7M | $79.9M | ||
| Q4 24 | $-10.2M | $344.4M | ||
| Q3 24 | $7.7M | $101.8M | ||
| Q2 24 | $432.0K | $79.5M | ||
| Q1 24 | $-29.4M | $88.6M |
| Q4 25 | -6.0% | 160.3% | ||
| Q3 25 | 1.8% | 46.6% | ||
| Q2 25 | -0.2% | 39.1% | ||
| Q1 25 | -2.6% | 42.4% | ||
| Q4 24 | -4.2% | 181.2% | ||
| Q3 24 | 2.9% | 52.6% | ||
| Q2 24 | 0.2% | 41.7% | ||
| Q1 24 | -14.7% | 45.2% |
| Q4 25 | 0.1% | 20.7% | ||
| Q3 25 | 0.3% | 6.5% | ||
| Q2 25 | 0.4% | 3.2% | ||
| Q1 25 | 0.4% | 3.0% | ||
| Q4 24 | 0.5% | 9.8% | ||
| Q3 24 | 0.5% | 2.0% | ||
| Q2 24 | 0.3% | 1.9% | ||
| Q1 24 | 1.0% | 2.7% |
| Q4 25 | -0.21× | 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.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
NSA
Segment breakdown not available.
