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Side-by-side financial comparison of JFrog Ltd (FROG) 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 $145.3M, roughly 1.3× JFrog Ltd). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -10.5%, a 22.7% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $49.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -2.4%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $187.0M |
| Net Profit | $-15.2M | $22.9M |
| Gross Margin | 77.9% | 72.5% |
| Operating Margin | -14.7% | 20.2% |
| Net Margin | -10.5% | 12.2% |
| Revenue YoY | 25.2% | -1.6% |
| Net Profit YoY | 34.4% | 36.8% |
| EPS (diluted) | $-0.13 | $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 | $145.3M | $187.0M | ||
| Q3 25 | $136.9M | $188.7M | ||
| Q2 25 | $127.2M | $188.8M | ||
| Q1 25 | $122.4M | $188.4M | ||
| Q4 24 | $116.1M | $190.1M | ||
| Q3 24 | $109.1M | $193.6M | ||
| Q2 24 | $103.0M | $190.4M | ||
| Q1 24 | $100.3M | $196.1M |
| Q4 25 | $-15.2M | $22.9M | ||
| Q3 25 | $-16.4M | $18.4M | ||
| Q2 25 | $-21.7M | $19.5M | ||
| Q1 25 | $-18.5M | $13.0M | ||
| Q4 24 | $-23.2M | $16.7M | ||
| Q3 24 | $-22.9M | $18.7M | ||
| Q2 24 | $-14.3M | $17.1M | ||
| Q1 24 | $-8.8M | $59.0M |
| Q4 25 | 77.9% | 72.5% | ||
| Q3 25 | 77.4% | 70.7% | ||
| Q2 25 | 76.3% | 70.5% | ||
| Q1 25 | 75.3% | 70.7% | ||
| Q4 24 | 75.4% | 72.5% | ||
| Q3 24 | 75.0% | 72.8% | ||
| Q2 24 | 78.8% | 72.6% | ||
| Q1 24 | 79.5% | 72.1% |
| Q4 25 | -14.7% | 20.2% | ||
| Q3 25 | -15.8% | 15.8% | ||
| Q2 25 | -20.4% | 16.5% | ||
| Q1 25 | -18.8% | 11.0% | ||
| Q4 24 | -21.9% | 14.5% | ||
| Q3 24 | -27.4% | 15.8% | ||
| Q2 24 | -18.6% | 17.2% | ||
| Q1 24 | -16.6% | 48.9% |
| Q4 25 | -10.5% | 12.2% | ||
| Q3 25 | -12.0% | 9.8% | ||
| Q2 25 | -17.0% | 10.3% | ||
| Q1 25 | -15.1% | 6.9% | ||
| Q4 24 | -20.0% | 8.8% | ||
| Q3 24 | -21.0% | 9.7% | ||
| Q2 24 | -13.9% | 9.0% | ||
| Q1 24 | -8.8% | 30.1% |
| Q4 25 | $-0.13 | $0.23 | ||
| Q3 25 | $-0.14 | $0.17 | ||
| Q2 25 | $-0.19 | $0.19 | ||
| Q1 25 | $-0.16 | $0.10 | ||
| Q4 24 | $-0.21 | $0.19 | ||
| Q3 24 | $-0.21 | $0.18 | ||
| Q2 24 | $-0.13 | $0.16 | ||
| Q1 24 | $-0.08 | $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 | $704.4M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $946.0M |
| Total Assets | $1.3B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $23.3M | ||
| Q3 25 | $651.1M | $26.3M | ||
| Q2 25 | $611.7M | $26.1M | ||
| Q1 25 | $563.5M | $19.3M | ||
| Q4 24 | $522.0M | $50.4M | ||
| Q3 24 | $467.8M | $69.9M | ||
| Q2 24 | $591.3M | $59.0M | ||
| Q1 24 | $579.6M | $64.2M |
| Q4 25 | $887.4M | $946.0M | ||
| Q3 25 | $859.4M | $973.1M | ||
| Q2 25 | $826.5M | $1.0B | ||
| Q1 25 | $800.0M | $1.0B | ||
| Q4 24 | $773.5M | $1.1B | ||
| Q3 24 | $756.2M | $986.9M | ||
| Q2 24 | $721.4M | $1.2B | ||
| Q1 24 | $707.8M | $1.3B |
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.2B | $5.2B | ||
| Q1 25 | $1.2B | $5.3B | ||
| Q4 24 | $1.1B | $5.4B | ||
| Q3 24 | $1.1B | $5.4B | ||
| Q2 24 | $1.0B | $5.3B | ||
| Q1 24 | $997.1M | $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 | $50.7M | $338.5M |
| Free Cash FlowOCF − Capex | $49.9M | $299.8M |
| FCF MarginFCF / Revenue | 34.3% | 160.3% |
| Capex IntensityCapex / Revenue | 0.6% | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $338.5M | ||
| Q3 25 | $30.2M | $100.2M | ||
| Q2 25 | $36.1M | $79.9M | ||
| Q1 25 | $28.8M | $85.6M | ||
| Q4 24 | $49.1M | $363.1M | ||
| Q3 24 | $27.6M | $105.7M | ||
| Q2 24 | $16.7M | $83.2M | ||
| Q1 24 | $17.5M | $94.0M |
| Q4 25 | $49.9M | $299.8M | ||
| Q3 25 | $28.8M | $88.0M | ||
| Q2 25 | $35.5M | $73.8M | ||
| Q1 25 | $28.1M | $79.9M | ||
| Q4 24 | $48.5M | $344.4M | ||
| Q3 24 | $26.7M | $101.8M | ||
| Q2 24 | $16.0M | $79.5M | ||
| Q1 24 | $16.6M | $88.6M |
| Q4 25 | 34.3% | 160.3% | ||
| Q3 25 | 21.0% | 46.6% | ||
| Q2 25 | 27.9% | 39.1% | ||
| Q1 25 | 23.0% | 42.4% | ||
| Q4 24 | 41.8% | 181.2% | ||
| Q3 24 | 24.5% | 52.6% | ||
| Q2 24 | 15.5% | 41.7% | ||
| Q1 24 | 16.6% | 45.2% |
| Q4 25 | 0.6% | 20.7% | ||
| Q3 25 | 1.0% | 6.5% | ||
| Q2 25 | 0.5% | 3.2% | ||
| Q1 25 | 0.5% | 3.0% | ||
| Q4 24 | 0.5% | 9.8% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 0.7% | 1.9% | ||
| Q1 24 | 0.8% | 2.7% |
| Q4 25 | — | 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.
