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Side-by-side financial comparison of ENNIS, INC. (EBF) 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 $100.2M, roughly 1.9× ENNIS, INC.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 10.8%, a 1.4% gap on every dollar of revenue. On growth, ENNIS, INC. posted the faster year-over-year revenue change (0.4% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $15.7M). Over the past eight quarters, ENNIS, INC.'s revenue compounded faster (1.4% CAGR vs -2.4%).
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
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.
EBF vs NSA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $100.2M | $187.0M |
| Net Profit | $10.8M | $22.9M |
| Gross Margin | 31.9% | 72.5% |
| Operating Margin | 15.0% | 20.2% |
| Net Margin | 10.8% | 12.2% |
| Revenue YoY | 0.4% | -1.6% |
| Net Profit YoY | 6.1% | 36.8% |
| EPS (diluted) | $0.42 | $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 | $100.2M | $187.0M | ||
| Q3 25 | $98.7M | $188.7M | ||
| Q2 25 | $97.2M | $188.8M | ||
| Q1 25 | $92.7M | $188.4M | ||
| Q4 24 | $99.8M | $190.1M | ||
| Q3 24 | $99.0M | $193.6M | ||
| Q2 24 | $103.1M | $190.4M | ||
| Q1 24 | $97.4M | $196.1M |
| Q4 25 | $10.8M | $22.9M | ||
| Q3 25 | $13.2M | $18.4M | ||
| Q2 25 | $9.8M | $19.5M | ||
| Q1 25 | $9.0M | $13.0M | ||
| Q4 24 | $10.2M | $16.7M | ||
| Q3 24 | $10.3M | $18.7M | ||
| Q2 24 | $10.7M | $17.1M | ||
| Q1 24 | $10.1M | $59.0M |
| Q4 25 | 31.9% | 72.5% | ||
| Q3 25 | 30.5% | 70.7% | ||
| Q2 25 | 31.1% | 70.5% | ||
| Q1 25 | 29.5% | 70.7% | ||
| Q4 24 | 29.3% | 72.5% | ||
| Q3 24 | 30.1% | 72.8% | ||
| Q2 24 | 30.0% | 72.6% | ||
| Q1 24 | 28.4% | 72.1% |
| Q4 25 | 15.0% | 20.2% | ||
| Q3 25 | 12.5% | 15.8% | ||
| Q2 25 | 13.7% | 16.5% | ||
| Q1 25 | 13.0% | 11.0% | ||
| Q4 24 | 13.1% | 14.5% | ||
| Q3 24 | 13.3% | 15.8% | ||
| Q2 24 | 13.3% | 17.2% | ||
| Q1 24 | 13.3% | 48.9% |
| Q4 25 | 10.8% | 12.2% | ||
| Q3 25 | 13.3% | 9.8% | ||
| Q2 25 | 10.1% | 10.3% | ||
| Q1 25 | 9.7% | 6.9% | ||
| Q4 24 | 10.2% | 8.8% | ||
| Q3 24 | 10.4% | 9.7% | ||
| Q2 24 | 10.4% | 9.0% | ||
| Q1 24 | 10.4% | 30.1% |
| Q4 25 | $0.42 | $0.23 | ||
| Q3 25 | $0.51 | $0.17 | ||
| Q2 25 | $0.38 | $0.19 | ||
| Q1 25 | $0.34 | $0.10 | ||
| Q4 24 | $0.39 | $0.19 | ||
| Q3 24 | $0.40 | $0.18 | ||
| Q2 24 | $0.41 | $0.16 | ||
| Q1 24 | $0.39 | $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 | $31.3M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $304.8M | $946.0M |
| Total Assets | $354.3M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.3M | $23.3M | ||
| Q3 25 | $31.9M | $26.3M | ||
| Q2 25 | $32.6M | $26.1M | ||
| Q1 25 | $72.5M | $19.3M | ||
| Q4 24 | $68.6M | $50.4M | ||
| Q3 24 | $122.6M | $69.9M | ||
| Q2 24 | $123.7M | $59.0M | ||
| Q1 24 | $110.9M | $64.2M |
| Q4 25 | $304.8M | $946.0M | ||
| Q3 25 | $305.4M | $973.1M | ||
| Q2 25 | $301.2M | $1.0B | ||
| Q1 25 | $302.0M | $1.0B | ||
| Q4 24 | $297.7M | $1.1B | ||
| Q3 24 | $358.4M | $986.9M | ||
| Q2 24 | $354.4M | $1.2B | ||
| Q1 24 | $349.8M | $1.3B |
| Q4 25 | $354.3M | $5.1B | ||
| Q3 25 | $361.8M | $5.1B | ||
| Q2 25 | $361.7M | $5.2B | ||
| Q1 25 | $348.9M | $5.3B | ||
| Q4 24 | $346.1M | $5.4B | ||
| Q3 24 | $406.8M | $5.4B | ||
| Q2 24 | $406.2M | $5.3B | ||
| Q1 24 | $399.2M | $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 | $16.4M | $338.5M |
| Free Cash FlowOCF − Capex | $15.7M | $299.8M |
| FCF MarginFCF / Revenue | 15.7% | 160.3% |
| Capex IntensityCapex / Revenue | 0.7% | 20.7% |
| Cash ConversionOCF / Net Profit | 1.52× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $42.5M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.4M | $338.5M | ||
| Q3 25 | $10.5M | $100.2M | ||
| Q2 25 | $8.0M | $79.9M | ||
| Q1 25 | $12.8M | $85.6M | ||
| Q4 24 | $18.2M | $363.1M | ||
| Q3 24 | $11.8M | $105.7M | ||
| Q2 24 | $23.1M | $83.2M | ||
| Q1 24 | $16.6M | $94.0M |
| Q4 25 | $15.7M | $299.8M | ||
| Q3 25 | $9.0M | $88.0M | ||
| Q2 25 | $6.6M | $73.8M | ||
| Q1 25 | $11.1M | $79.9M | ||
| Q4 24 | $17.5M | $344.4M | ||
| Q3 24 | $10.7M | $101.8M | ||
| Q2 24 | $20.6M | $79.5M | ||
| Q1 24 | $15.0M | $88.6M |
| Q4 25 | 15.7% | 160.3% | ||
| Q3 25 | 9.2% | 46.6% | ||
| Q2 25 | 6.8% | 39.1% | ||
| Q1 25 | 12.0% | 42.4% | ||
| Q4 24 | 17.6% | 181.2% | ||
| Q3 24 | 10.8% | 52.6% | ||
| Q2 24 | 20.0% | 41.7% | ||
| Q1 24 | 15.3% | 45.2% |
| Q4 25 | 0.7% | 20.7% | ||
| Q3 25 | 1.4% | 6.5% | ||
| Q2 25 | 1.4% | 3.2% | ||
| Q1 25 | 1.8% | 3.0% | ||
| Q4 24 | 0.6% | 9.8% | ||
| Q3 24 | 1.1% | 2.0% | ||
| Q2 24 | 2.4% | 1.9% | ||
| Q1 24 | 1.7% | 2.7% |
| Q4 25 | 1.52× | 14.79× | ||
| Q3 25 | 0.80× | 5.44× | ||
| Q2 25 | 0.81× | 4.10× | ||
| Q1 25 | 1.41× | 6.59× | ||
| Q4 24 | 1.78× | 21.70× | ||
| Q3 24 | 1.15× | 5.65× | ||
| Q2 24 | 2.16× | 4.88× | ||
| Q1 24 | 1.63× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
