vs
Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $187.0M, roughly 1.1× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 2.7%, a 9.6% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -2.4%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
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.
IRTC vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $187.0M |
| Net Profit | $5.6M | $22.9M |
| Gross Margin | 70.9% | 72.5% |
| Operating Margin | 1.1% | 20.2% |
| Net Margin | 2.7% | 12.2% |
| Revenue YoY | 27.1% | -1.6% |
| Net Profit YoY | 518.5% | 36.8% |
| EPS (diluted) | $0.18 | $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 | $208.9M | $187.0M | ||
| Q3 25 | $192.9M | $188.7M | ||
| Q2 25 | $186.7M | $188.8M | ||
| Q1 25 | $158.7M | $188.4M | ||
| Q4 24 | $164.3M | $190.1M | ||
| Q3 24 | $147.5M | $193.6M | ||
| Q2 24 | $148.0M | $190.4M | ||
| Q1 24 | $131.9M | $196.1M |
| Q4 25 | $5.6M | $22.9M | ||
| Q3 25 | $-5.2M | $18.4M | ||
| Q2 25 | $-14.2M | $19.5M | ||
| Q1 25 | $-30.7M | $13.0M | ||
| Q4 24 | $-1.3M | $16.7M | ||
| Q3 24 | $-46.2M | $18.7M | ||
| Q2 24 | $-20.1M | $17.1M | ||
| Q1 24 | $-45.7M | $59.0M |
| Q4 25 | 70.9% | 72.5% | ||
| Q3 25 | 71.1% | 70.7% | ||
| Q2 25 | 71.2% | 70.5% | ||
| Q1 25 | 68.8% | 70.7% | ||
| Q4 24 | 70.0% | 72.5% | ||
| Q3 24 | 68.8% | 72.8% | ||
| Q2 24 | 69.9% | 72.6% | ||
| Q1 24 | 66.3% | 72.1% |
| Q4 25 | 1.1% | 20.2% | ||
| Q3 25 | -4.4% | 15.8% | ||
| Q2 25 | -10.0% | 16.5% | ||
| Q1 25 | -20.5% | 11.0% | ||
| Q4 24 | -2.5% | 14.5% | ||
| Q3 24 | -34.1% | 15.8% | ||
| Q2 24 | -15.5% | 17.2% | ||
| Q1 24 | -28.9% | 48.9% |
| Q4 25 | 2.7% | 12.2% | ||
| Q3 25 | -2.7% | 9.8% | ||
| Q2 25 | -7.6% | 10.3% | ||
| Q1 25 | -19.3% | 6.9% | ||
| Q4 24 | -0.8% | 8.8% | ||
| Q3 24 | -31.3% | 9.7% | ||
| Q2 24 | -13.6% | 9.0% | ||
| Q1 24 | -34.6% | 30.1% |
| Q4 25 | $0.18 | $0.23 | ||
| Q3 25 | $-0.16 | $0.17 | ||
| Q2 25 | $-0.44 | $0.19 | ||
| Q1 25 | $-0.97 | $0.10 | ||
| Q4 24 | $-0.03 | $0.19 | ||
| Q3 24 | $-1.48 | $0.18 | ||
| Q2 24 | $-0.65 | $0.16 | ||
| Q1 24 | $-1.47 | $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 | $583.8M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $152.7M | $946.0M |
| Total Assets | $1.0B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $23.3M | ||
| Q3 25 | $565.2M | $26.3M | ||
| Q2 25 | $545.5M | $26.1M | ||
| Q1 25 | $520.6M | $19.3M | ||
| Q4 24 | $535.6M | $50.4M | ||
| Q3 24 | $522.0M | $69.9M | ||
| Q2 24 | $561.5M | $59.0M | ||
| Q1 24 | $569.1M | $64.2M |
| Q4 25 | $152.7M | $946.0M | ||
| Q3 25 | $121.9M | $973.1M | ||
| Q2 25 | $103.7M | $1.0B | ||
| Q1 25 | $86.7M | $1.0B | ||
| Q4 24 | $90.9M | $1.1B | ||
| Q3 24 | $71.8M | $986.9M | ||
| Q2 24 | $99.2M | $1.2B | ||
| Q1 24 | $90.3M | $1.3B |
| Q4 25 | $1.0B | $5.1B | ||
| Q3 25 | $995.2M | $5.1B | ||
| Q2 25 | $964.0M | $5.2B | ||
| Q1 25 | $926.1M | $5.3B | ||
| Q4 24 | $931.4M | $5.4B | ||
| Q3 24 | $909.7M | $5.4B | ||
| Q2 24 | $919.2M | $5.3B | ||
| Q1 24 | $909.8M | $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 | $26.2M | $338.5M |
| Free Cash FlowOCF − Capex | $14.5M | $299.8M |
| FCF MarginFCF / Revenue | 6.9% | 160.3% |
| Capex IntensityCapex / Revenue | 5.6% | 20.7% |
| Cash ConversionOCF / Net Profit | 4.70× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $338.5M | ||
| Q3 25 | $34.9M | $100.2M | ||
| Q2 25 | $27.7M | $79.9M | ||
| Q1 25 | $-7.9M | $85.6M | ||
| Q4 24 | $19.2M | $363.1M | ||
| Q3 24 | $24.3M | $105.7M | ||
| Q2 24 | $11.8M | $83.2M | ||
| Q1 24 | $-52.0M | $94.0M |
| Q4 25 | $14.5M | $299.8M | ||
| Q3 25 | $20.1M | $88.0M | ||
| Q2 25 | $17.3M | $73.8M | ||
| Q1 25 | $-17.3M | $79.9M | ||
| Q4 24 | $12.4M | $344.4M | ||
| Q3 24 | $15.5M | $101.8M | ||
| Q2 24 | $3.4M | $79.5M | ||
| Q1 24 | $-61.8M | $88.6M |
| Q4 25 | 6.9% | 160.3% | ||
| Q3 25 | 10.4% | 46.6% | ||
| Q2 25 | 9.3% | 39.1% | ||
| Q1 25 | -10.9% | 42.4% | ||
| Q4 24 | 7.5% | 181.2% | ||
| Q3 24 | 10.5% | 52.6% | ||
| Q2 24 | 2.3% | 41.7% | ||
| Q1 24 | -46.8% | 45.2% |
| Q4 25 | 5.6% | 20.7% | ||
| Q3 25 | 7.7% | 6.5% | ||
| Q2 25 | 5.6% | 3.2% | ||
| Q1 25 | 5.9% | 3.0% | ||
| Q4 24 | 4.2% | 9.8% | ||
| Q3 24 | 6.0% | 2.0% | ||
| Q2 24 | 5.7% | 1.9% | ||
| Q1 24 | 7.4% | 2.7% |
| Q4 25 | 4.70× | 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.
Revenue Breakdown by Segment
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
NSA
Segment breakdown not available.
