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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $106.2M, roughly 1.8× GRID DYNAMICS HOLDINGS, INC.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 0.3%, a 12.0% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $6.1M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -2.4%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
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.
GDYN vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $187.0M |
| Net Profit | $306.0K | $22.9M |
| Gross Margin | 34.0% | 72.5% |
| Operating Margin | 0.5% | 20.2% |
| Net Margin | 0.3% | 12.2% |
| Revenue YoY | 5.9% | -1.6% |
| Net Profit YoY | -93.2% | 36.8% |
| EPS (diluted) | $0.01 | $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 | $106.2M | $187.0M | ||
| Q3 25 | $104.2M | $188.7M | ||
| Q2 25 | $101.1M | $188.8M | ||
| Q1 25 | $100.4M | $188.4M | ||
| Q4 24 | $100.3M | $190.1M | ||
| Q3 24 | $87.4M | $193.6M | ||
| Q2 24 | $83.0M | $190.4M | ||
| Q1 24 | $79.8M | $196.1M |
| Q4 25 | $306.0K | $22.9M | ||
| Q3 25 | $1.2M | $18.4M | ||
| Q2 25 | $5.3M | $19.5M | ||
| Q1 25 | $2.9M | $13.0M | ||
| Q4 24 | $4.5M | $16.7M | ||
| Q3 24 | $4.3M | $18.7M | ||
| Q2 24 | $-817.0K | $17.1M | ||
| Q1 24 | $-3.9M | $59.0M |
| Q4 25 | 34.0% | 72.5% | ||
| Q3 25 | 33.3% | 70.7% | ||
| Q2 25 | 34.1% | 70.5% | ||
| Q1 25 | 36.8% | 70.7% | ||
| Q4 24 | 36.9% | 72.5% | ||
| Q3 24 | 37.4% | 72.8% | ||
| Q2 24 | 35.6% | 72.6% | ||
| Q1 24 | 34.7% | 72.1% |
| Q4 25 | 0.5% | 20.2% | ||
| Q3 25 | -0.2% | 15.8% | ||
| Q2 25 | -0.1% | 16.5% | ||
| Q1 25 | -2.0% | 11.0% | ||
| Q4 24 | 1.3% | 14.5% | ||
| Q3 24 | 2.4% | 15.8% | ||
| Q2 24 | 0.0% | 17.2% | ||
| Q1 24 | -6.9% | 48.9% |
| Q4 25 | 0.3% | 12.2% | ||
| Q3 25 | 1.1% | 9.8% | ||
| Q2 25 | 5.2% | 10.3% | ||
| Q1 25 | 2.9% | 6.9% | ||
| Q4 24 | 4.5% | 8.8% | ||
| Q3 24 | 4.9% | 9.7% | ||
| Q2 24 | -1.0% | 9.0% | ||
| Q1 24 | -4.9% | 30.1% |
| Q4 25 | $0.01 | $0.23 | ||
| Q3 25 | $0.01 | $0.17 | ||
| Q2 25 | $0.06 | $0.19 | ||
| Q1 25 | $0.03 | $0.10 | ||
| Q4 24 | $0.06 | $0.19 | ||
| Q3 24 | $0.05 | $0.18 | ||
| Q2 24 | $-0.01 | $0.16 | ||
| Q1 24 | $-0.05 | $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 | $342.1M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $542.1M | $946.0M |
| Total Assets | $612.9M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $23.3M | ||
| Q3 25 | $338.6M | $26.3M | ||
| Q2 25 | $336.8M | $26.1M | ||
| Q1 25 | $325.5M | $19.3M | ||
| Q4 24 | $334.7M | $50.4M | ||
| Q3 24 | $231.3M | $69.9M | ||
| Q2 24 | $256.0M | $59.0M | ||
| Q1 24 | $249.4M | $64.2M |
| Q4 25 | $542.1M | $946.0M | ||
| Q3 25 | $537.7M | $973.1M | ||
| Q2 25 | $532.2M | $1.0B | ||
| Q1 25 | $517.4M | $1.0B | ||
| Q4 24 | $517.8M | $1.1B | ||
| Q3 24 | $400.2M | $986.9M | ||
| Q2 24 | $388.4M | $1.2B | ||
| Q1 24 | $382.8M | $1.3B |
| Q4 25 | $612.9M | $5.1B | ||
| Q3 25 | $613.2M | $5.1B | ||
| Q2 25 | $608.9M | $5.2B | ||
| Q1 25 | $590.9M | $5.3B | ||
| Q4 24 | $592.2M | $5.4B | ||
| Q3 24 | $477.3M | $5.4B | ||
| Q2 24 | $443.6M | $5.3B | ||
| Q1 24 | $435.3M | $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 | $9.9M | $338.5M |
| Free Cash FlowOCF − Capex | $6.1M | $299.8M |
| FCF MarginFCF / Revenue | 5.7% | 160.3% |
| Capex IntensityCapex / Revenue | 3.6% | 20.7% |
| Cash ConversionOCF / Net Profit | 32.34× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $338.5M | ||
| Q3 25 | $7.0M | $100.2M | ||
| Q2 25 | $14.4M | $79.9M | ||
| Q1 25 | $9.4M | $85.6M | ||
| Q4 24 | $7.1M | $363.1M | ||
| Q3 24 | $9.2M | $105.7M | ||
| Q2 24 | $10.7M | $83.2M | ||
| Q1 24 | $3.2M | $94.0M |
| Q4 25 | $6.1M | $299.8M | ||
| Q3 25 | $2.9M | $88.0M | ||
| Q2 25 | $10.2M | $73.8M | ||
| Q1 25 | $6.0M | $79.9M | ||
| Q4 24 | $4.4M | $344.4M | ||
| Q3 24 | $5.9M | $101.8M | ||
| Q2 24 | $8.0M | $79.5M | ||
| Q1 24 | $43.0K | $88.6M |
| Q4 25 | 5.7% | 160.3% | ||
| Q3 25 | 2.8% | 46.6% | ||
| Q2 25 | 10.1% | 39.1% | ||
| Q1 25 | 6.0% | 42.4% | ||
| Q4 24 | 4.4% | 181.2% | ||
| Q3 24 | 6.8% | 52.6% | ||
| Q2 24 | 9.7% | 41.7% | ||
| Q1 24 | 0.1% | 45.2% |
| Q4 25 | 3.6% | 20.7% | ||
| Q3 25 | 3.9% | 6.5% | ||
| Q2 25 | 4.1% | 3.2% | ||
| Q1 25 | 3.3% | 3.0% | ||
| Q4 24 | 2.6% | 9.8% | ||
| Q3 24 | 3.7% | 2.0% | ||
| Q2 24 | 3.2% | 1.9% | ||
| Q1 24 | 4.0% | 2.7% |
| Q4 25 | 32.34× | 14.79× | ||
| Q3 25 | 5.92× | 5.44× | ||
| Q2 25 | 2.73× | 4.10× | ||
| Q1 25 | 3.21× | 6.59× | ||
| Q4 24 | 1.56× | 21.70× | ||
| Q3 24 | 2.15× | 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
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
NSA
Segment breakdown not available.
