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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $187.0M, roughly 1.4× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 4.9%, a 7.3% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $50.3M). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% CAGR vs -2.4%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, 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.
GLDD vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $187.0M |
| Net Profit | $12.6M | $22.9M |
| Gross Margin | 20.9% | 72.5% |
| Operating Margin | 12.7% | 20.2% |
| Net Margin | 4.9% | 12.2% |
| Revenue YoY | 26.5% | -1.6% |
| Net Profit YoY | -35.9% | 36.8% |
| EPS (diluted) | $0.19 | $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 | $256.5M | $187.0M | ||
| Q3 25 | $195.2M | $188.7M | ||
| Q2 25 | $193.8M | $188.8M | ||
| Q1 25 | $242.9M | $188.4M | ||
| Q4 24 | $202.8M | $190.1M | ||
| Q3 24 | $191.2M | $193.6M | ||
| Q2 24 | $170.1M | $190.4M | ||
| Q1 24 | $198.7M | $196.1M |
| Q4 25 | $12.6M | $22.9M | ||
| Q3 25 | $17.7M | $18.4M | ||
| Q2 25 | $9.7M | $19.5M | ||
| Q1 25 | $33.4M | $13.0M | ||
| Q4 24 | $19.7M | $16.7M | ||
| Q3 24 | $8.9M | $18.7M | ||
| Q2 24 | $7.7M | $17.1M | ||
| Q1 24 | $21.0M | $59.0M |
| Q4 25 | 20.9% | 72.5% | ||
| Q3 25 | 22.4% | 70.7% | ||
| Q2 25 | 18.9% | 70.5% | ||
| Q1 25 | 28.6% | 70.7% | ||
| Q4 24 | 24.1% | 72.5% | ||
| Q3 24 | 19.0% | 72.8% | ||
| Q2 24 | 17.5% | 72.6% | ||
| Q1 24 | 22.9% | 72.1% |
| Q4 25 | 12.7% | 20.2% | ||
| Q3 25 | 14.4% | 15.8% | ||
| Q2 25 | 8.8% | 16.5% | ||
| Q1 25 | 20.6% | 11.0% | ||
| Q4 24 | 14.8% | 14.5% | ||
| Q3 24 | 8.7% | 15.8% | ||
| Q2 24 | 8.6% | 17.2% | ||
| Q1 24 | 15.8% | 48.9% |
| Q4 25 | 4.9% | 12.2% | ||
| Q3 25 | 9.1% | 9.8% | ||
| Q2 25 | 5.0% | 10.3% | ||
| Q1 25 | 13.8% | 6.9% | ||
| Q4 24 | 9.7% | 8.8% | ||
| Q3 24 | 4.6% | 9.7% | ||
| Q2 24 | 4.5% | 9.0% | ||
| Q1 24 | 10.6% | 30.1% |
| Q4 25 | $0.19 | $0.23 | ||
| Q3 25 | $0.26 | $0.17 | ||
| Q2 25 | $0.14 | $0.19 | ||
| Q1 25 | $0.49 | $0.10 | ||
| Q4 24 | $0.29 | $0.19 | ||
| Q3 24 | $0.13 | $0.18 | ||
| Q2 24 | $0.11 | $0.16 | ||
| Q1 24 | $0.31 | $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 | $13.4M | $23.3M |
| Total DebtLower is stronger | $378.2M | — |
| Stockholders' EquityBook value | $517.1M | $946.0M |
| Total Assets | $1.3B | $5.1B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $23.3M | ||
| Q3 25 | $12.7M | $26.3M | ||
| Q2 25 | $2.9M | $26.1M | ||
| Q1 25 | $11.3M | $19.3M | ||
| Q4 24 | $10.2M | $50.4M | ||
| Q3 24 | $12.0M | $69.9M | ||
| Q2 24 | $23.1M | $59.0M | ||
| Q1 24 | $22.8M | $64.2M |
| Q4 25 | $378.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $448.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $517.1M | $946.0M | ||
| Q3 25 | $502.1M | $973.1M | ||
| Q2 25 | $481.9M | $1.0B | ||
| Q1 25 | $479.9M | $1.0B | ||
| Q4 24 | $448.9M | $1.1B | ||
| Q3 24 | $425.4M | $986.9M | ||
| Q2 24 | $418.0M | $1.2B | ||
| Q1 24 | $409.0M | $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 | $1.3B | $5.4B | ||
| Q3 24 | $1.1B | $5.4B | ||
| Q2 24 | $1.1B | $5.3B | ||
| Q1 24 | $1.1B | $5.4B |
| Q4 25 | 0.73× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.00× | — | ||
| 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 | $79.7M | $338.5M |
| Free Cash FlowOCF − Capex | $50.3M | $299.8M |
| FCF MarginFCF / Revenue | 19.6% | 160.3% |
| Capex IntensityCapex / Revenue | 11.5% | 20.7% |
| Cash ConversionOCF / Net Profit | 6.31× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.7M | $338.5M | ||
| Q3 25 | $49.2M | $100.2M | ||
| Q2 25 | $56.9M | $79.9M | ||
| Q1 25 | $60.9M | $85.6M | ||
| Q4 24 | $-13.5M | $363.1M | ||
| Q3 24 | $26.8M | $105.7M | ||
| Q2 24 | $18.4M | $83.2M | ||
| Q1 24 | $38.4M | $94.0M |
| Q4 25 | $50.3M | $299.8M | ||
| Q3 25 | $13.2M | $88.0M | ||
| Q2 25 | $-3.7M | $73.8M | ||
| Q1 25 | $39.6M | $79.9M | ||
| Q4 24 | $-36.1M | $344.4M | ||
| Q3 24 | $-11.5M | $101.8M | ||
| Q2 24 | $-34.0M | $79.5M | ||
| Q1 24 | $26.5M | $88.6M |
| Q4 25 | 19.6% | 160.3% | ||
| Q3 25 | 6.8% | 46.6% | ||
| Q2 25 | -1.9% | 39.1% | ||
| Q1 25 | 16.3% | 42.4% | ||
| Q4 24 | -17.8% | 181.2% | ||
| Q3 24 | -6.0% | 52.6% | ||
| Q2 24 | -20.0% | 41.7% | ||
| Q1 24 | 13.4% | 45.2% |
| Q4 25 | 11.5% | 20.7% | ||
| Q3 25 | 18.4% | 6.5% | ||
| Q2 25 | 31.3% | 3.2% | ||
| Q1 25 | 8.7% | 3.0% | ||
| Q4 24 | 11.2% | 9.8% | ||
| Q3 24 | 20.0% | 2.0% | ||
| Q2 24 | 30.8% | 1.9% | ||
| Q1 24 | 6.0% | 2.7% |
| Q4 25 | 6.31× | 14.79× | ||
| Q3 25 | 2.77× | 5.44× | ||
| Q2 25 | 5.87× | 4.10× | ||
| Q1 25 | 1.82× | 6.59× | ||
| Q4 24 | -0.69× | 21.70× | ||
| Q3 24 | 3.02× | 5.65× | ||
| Q2 24 | 2.39× | 4.88× | ||
| Q1 24 | 1.83× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
