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Side-by-side financial comparison of HF Foods Group Inc. (HFFG) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.

HF Foods Group Inc. is the larger business by last-quarter revenue ($308.0M vs $187.0M, roughly 1.6× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -12.1%, a 24.3% gap on every dollar of revenue. On growth, HF Foods Group 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 $12.1M). Over the past eight quarters, HF Foods Group Inc.'s revenue compounded faster (2.1% CAGR vs -2.4%).

HF Sinclair Corporation is an American energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. It is based in Dallas, Texas, United States.

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.

HFFG vs NSA — Head-to-Head

Bigger by revenue
HFFG
HFFG
1.6× larger
HFFG
$308.0M
$187.0M
NSA
Growing faster (revenue YoY)
HFFG
HFFG
+2.5% gap
HFFG
0.9%
-1.6%
NSA
Higher net margin
NSA
NSA
24.3% more per $
NSA
12.2%
-12.1%
HFFG
More free cash flow
NSA
NSA
$287.7M more FCF
NSA
$299.8M
$12.1M
HFFG
Faster 2-yr revenue CAGR
HFFG
HFFG
Annualised
HFFG
2.1%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HFFG
HFFG
NSA
NSA
Revenue
$308.0M
$187.0M
Net Profit
$-37.3M
$22.9M
Gross Margin
16.6%
72.5%
Operating Margin
-12.8%
20.2%
Net Margin
-12.1%
12.2%
Revenue YoY
0.9%
-1.6%
Net Profit YoY
15.0%
36.8%
EPS (diluted)
$-0.70
$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.

Revenue
HFFG
HFFG
NSA
NSA
Q4 25
$308.0M
$187.0M
Q3 25
$307.0M
$188.7M
Q2 25
$314.9M
$188.8M
Q1 25
$298.4M
$188.4M
Q4 24
$305.3M
$190.1M
Q3 24
$298.4M
$193.6M
Q2 24
$302.3M
$190.4M
Q1 24
$295.7M
$196.1M
Net Profit
HFFG
HFFG
NSA
NSA
Q4 25
$-37.3M
$22.9M
Q3 25
$-1.1M
$18.4M
Q2 25
$1.2M
$19.5M
Q1 25
$-1.6M
$13.0M
Q4 24
$-43.9M
$16.7M
Q3 24
$-3.9M
$18.7M
Q2 24
$17.0K
$17.1M
Q1 24
$-694.0K
$59.0M
Gross Margin
HFFG
HFFG
NSA
NSA
Q4 25
16.6%
72.5%
Q3 25
16.4%
70.7%
Q2 25
17.5%
70.5%
Q1 25
17.1%
70.7%
Q4 24
17.1%
72.5%
Q3 24
16.8%
72.8%
Q2 24
17.4%
72.6%
Q1 24
17.1%
72.1%
Operating Margin
HFFG
HFFG
NSA
NSA
Q4 25
-12.8%
20.2%
Q3 25
0.4%
15.8%
Q2 25
1.3%
16.5%
Q1 25
0.4%
11.0%
Q4 24
-13.8%
14.5%
Q3 24
0.2%
15.8%
Q2 24
0.9%
17.2%
Q1 24
-0.0%
48.9%
Net Margin
HFFG
HFFG
NSA
NSA
Q4 25
-12.1%
12.2%
Q3 25
-0.4%
9.8%
Q2 25
0.4%
10.3%
Q1 25
-0.6%
6.9%
Q4 24
-14.4%
8.8%
Q3 24
-1.3%
9.7%
Q2 24
0.0%
9.0%
Q1 24
-0.2%
30.1%
EPS (diluted)
HFFG
HFFG
NSA
NSA
Q4 25
$-0.70
$0.23
Q3 25
$-0.02
$0.17
Q2 25
$0.02
$0.19
Q1 25
$-0.03
$0.10
Q4 24
$-0.84
$0.19
Q3 24
$-0.07
$0.18
Q2 24
$0.00
$0.16
Q1 24
$-0.01
$0.65

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HFFG
HFFG
NSA
NSA
Cash + ST InvestmentsLiquidity on hand
$23.3M
Total DebtLower is stronger
$106.1M
Stockholders' EquityBook value
$202.1M
$946.0M
Total Assets
$541.5M
$5.1B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HFFG
HFFG
NSA
NSA
Q4 25
$23.3M
Q3 25
$26.3M
Q2 25
$26.1M
Q1 25
$19.3M
Q4 24
$50.4M
Q3 24
$69.9M
Q2 24
$59.0M
Q1 24
$64.2M
Total Debt
HFFG
HFFG
NSA
NSA
Q4 25
$106.1M
Q3 25
$107.3M
Q2 25
$106.0M
Q1 25
$107.4M
Q4 24
$108.7M
Q3 24
$110.1M
Q2 24
$111.4M
Q1 24
$112.8M
Stockholders' Equity
HFFG
HFFG
NSA
NSA
Q4 25
$202.1M
$946.0M
Q3 25
$239.2M
$973.1M
Q2 25
$239.7M
$1.0B
Q1 25
$238.0M
$1.0B
Q4 24
$239.3M
$1.1B
Q3 24
$283.1M
$986.9M
Q2 24
$286.3M
$1.2B
Q1 24
$286.7M
$1.3B
Total Assets
HFFG
HFFG
NSA
NSA
Q4 25
$541.5M
$5.1B
Q3 25
$595.1M
$5.1B
Q2 25
$593.5M
$5.2B
Q1 25
$581.9M
$5.3B
Q4 24
$550.0M
$5.4B
Q3 24
$612.8M
$5.4B
Q2 24
$616.9M
$5.3B
Q1 24
$603.1M
$5.4B
Debt / Equity
HFFG
HFFG
NSA
NSA
Q4 25
0.53×
Q3 25
0.45×
Q2 25
0.44×
Q1 25
0.45×
Q4 24
0.45×
Q3 24
0.39×
Q2 24
0.39×
Q1 24
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HFFG
HFFG
NSA
NSA
Operating Cash FlowLast quarter
$21.0M
$338.5M
Free Cash FlowOCF − Capex
$12.1M
$299.8M
FCF MarginFCF / Revenue
3.9%
160.3%
Capex IntensityCapex / Revenue
2.9%
20.7%
Cash ConversionOCF / Net Profit
14.79×
TTM Free Cash FlowTrailing 4 quarters
$6.6M
$541.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HFFG
HFFG
NSA
NSA
Q4 25
$21.0M
$338.5M
Q3 25
$-6.0M
$100.2M
Q2 25
$3.5M
$79.9M
Q1 25
$6.9M
$85.6M
Q4 24
$18.4M
$363.1M
Q3 24
$2.3M
$105.7M
Q2 24
$-9.3M
$83.2M
Q1 24
$11.2M
$94.0M
Free Cash Flow
HFFG
HFFG
NSA
NSA
Q4 25
$12.1M
$299.8M
Q3 25
$-9.3M
$88.0M
Q2 25
$363.0K
$73.8M
Q1 25
$3.4M
$79.9M
Q4 24
$15.3M
$344.4M
Q3 24
$-820.0K
$101.8M
Q2 24
$-13.0M
$79.5M
Q1 24
$8.6M
$88.6M
FCF Margin
HFFG
HFFG
NSA
NSA
Q4 25
3.9%
160.3%
Q3 25
-3.0%
46.6%
Q2 25
0.1%
39.1%
Q1 25
1.1%
42.4%
Q4 24
5.0%
181.2%
Q3 24
-0.3%
52.6%
Q2 24
-4.3%
41.7%
Q1 24
2.9%
45.2%
Capex Intensity
HFFG
HFFG
NSA
NSA
Q4 25
2.9%
20.7%
Q3 25
1.1%
6.5%
Q2 25
1.0%
3.2%
Q1 25
1.2%
3.0%
Q4 24
1.0%
9.8%
Q3 24
1.0%
2.0%
Q2 24
1.2%
1.9%
Q1 24
0.9%
2.7%
Cash Conversion
HFFG
HFFG
NSA
NSA
Q4 25
14.79×
Q3 25
5.44×
Q2 25
2.89×
4.10×
Q1 25
6.59×
Q4 24
21.70×
Q3 24
5.65×
Q2 24
-546.06×
4.88×
Q1 24
1.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HFFG
HFFG

Seafood$110.2M36%
Meat And Poultry$62.7M20%
Asian Specialty$55.3M18%
Commodity Product$35.1M11%
Fresh Produce$29.9M10%
Packaging And Other$14.7M5%

NSA
NSA

Segment breakdown not available.

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