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Side-by-side financial comparison of Legend Biotech Corp (LEGN) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.

Legend Biotech Corp is the larger business by last-quarter revenue ($272.3M vs $187.0M, roughly 1.5× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -14.6%, a 26.8% gap on every dollar of revenue. On growth, Legend Biotech Corp posted the faster year-over-year revenue change (70.0% vs -1.6%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% CAGR vs -2.4%).

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

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.

LEGN vs NSA — Head-to-Head

Bigger by revenue
LEGN
LEGN
1.5× larger
LEGN
$272.3M
$187.0M
NSA
Growing faster (revenue YoY)
LEGN
LEGN
+71.6% gap
LEGN
70.0%
-1.6%
NSA
Higher net margin
NSA
NSA
26.8% more per $
NSA
12.2%
-14.6%
LEGN
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
-2.4%
NSA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LEGN
LEGN
NSA
NSA
Revenue
$272.3M
$187.0M
Net Profit
$-39.7M
$22.9M
Gross Margin
58.4%
72.5%
Operating Margin
-16.0%
20.2%
Net Margin
-14.6%
12.2%
Revenue YoY
70.0%
-1.6%
Net Profit YoY
68.3%
36.8%
EPS (diluted)
$-0.11
$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
LEGN
LEGN
NSA
NSA
Q4 25
$187.0M
Q3 25
$272.3M
$188.7M
Q2 25
$255.1M
$188.8M
Q1 25
$195.1M
$188.4M
Q4 24
$190.1M
Q3 24
$160.2M
$193.6M
Q2 24
$186.5M
$190.4M
Q1 24
$94.0M
$196.1M
Net Profit
LEGN
LEGN
NSA
NSA
Q4 25
$22.9M
Q3 25
$-39.7M
$18.4M
Q2 25
$-125.4M
$19.5M
Q1 25
$-100.9M
$13.0M
Q4 24
$16.7M
Q3 24
$-125.3M
$18.7M
Q2 24
$-18.2M
$17.1M
Q1 24
$-59.8M
$59.0M
Gross Margin
LEGN
LEGN
NSA
NSA
Q4 25
72.5%
Q3 25
58.4%
70.7%
Q2 25
62.8%
70.5%
Q1 25
64.4%
70.7%
Q4 24
72.5%
Q3 24
67.2%
72.8%
Q2 24
75.7%
72.6%
Q1 24
47.8%
72.1%
Operating Margin
LEGN
LEGN
NSA
NSA
Q4 25
20.2%
Q3 25
-16.0%
15.8%
Q2 25
16.5%
Q1 25
11.0%
Q4 24
14.5%
Q3 24
-43.9%
15.8%
Q2 24
17.2%
Q1 24
48.9%
Net Margin
LEGN
LEGN
NSA
NSA
Q4 25
12.2%
Q3 25
-14.6%
9.8%
Q2 25
-49.2%
10.3%
Q1 25
-51.7%
6.9%
Q4 24
8.8%
Q3 24
-78.2%
9.7%
Q2 24
-9.8%
9.0%
Q1 24
-63.6%
30.1%
EPS (diluted)
LEGN
LEGN
NSA
NSA
Q4 25
$0.23
Q3 25
$-0.11
$0.17
Q2 25
$-0.34
$0.19
Q1 25
$-0.27
$0.10
Q4 24
$0.19
Q3 24
$-0.34
$0.18
Q2 24
$-0.05
$0.16
Q1 24
$-0.16
$0.65

Balance Sheet & Financial Strength

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

Metric
LEGN
LEGN
NSA
NSA
Cash + ST InvestmentsLiquidity on hand
$278.9M
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$946.0M
Total Assets
$1.7B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEGN
LEGN
NSA
NSA
Q4 25
$23.3M
Q3 25
$278.9M
$26.3M
Q2 25
$266.6M
$26.1M
Q1 25
$441.7M
$19.3M
Q4 24
$50.4M
Q3 24
$459.3M
$69.9M
Q2 24
$201.3M
$59.0M
Q1 24
$897.6M
$64.2M
Stockholders' Equity
LEGN
LEGN
NSA
NSA
Q4 25
$946.0M
Q3 25
$1.0B
$973.1M
Q2 25
$1.0B
$1.0B
Q1 25
$1.0B
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
$986.9M
Q2 24
$1.2B
$1.2B
Q1 24
$1.2B
$1.3B
Total Assets
LEGN
LEGN
NSA
NSA
Q4 25
$5.1B
Q3 25
$1.7B
$5.1B
Q2 25
$1.7B
$5.2B
Q1 25
$1.6B
$5.3B
Q4 24
$5.4B
Q3 24
$1.7B
$5.4B
Q2 24
$1.8B
$5.3B
Q1 24
$1.8B
$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
LEGN
LEGN
NSA
NSA
Operating Cash FlowLast quarter
$28.8M
$338.5M
Free Cash FlowOCF − Capex
$299.8M
FCF MarginFCF / Revenue
160.3%
Capex IntensityCapex / Revenue
20.7%
Cash ConversionOCF / Net Profit
14.79×
TTM Free Cash FlowTrailing 4 quarters
$541.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEGN
LEGN
NSA
NSA
Q4 25
$338.5M
Q3 25
$28.8M
$100.2M
Q2 25
$-13.0M
$79.9M
Q1 25
$-103.8M
$85.6M
Q4 24
$363.1M
Q3 24
$-75.8M
$105.7M
Q2 24
$-1.7M
$83.2M
Q1 24
$15.5M
$94.0M
Free Cash Flow
LEGN
LEGN
NSA
NSA
Q4 25
$299.8M
Q3 25
$88.0M
Q2 25
$73.8M
Q1 25
$79.9M
Q4 24
$344.4M
Q3 24
$101.8M
Q2 24
$79.5M
Q1 24
$88.6M
FCF Margin
LEGN
LEGN
NSA
NSA
Q4 25
160.3%
Q3 25
46.6%
Q2 25
39.1%
Q1 25
42.4%
Q4 24
181.2%
Q3 24
52.6%
Q2 24
41.7%
Q1 24
45.2%
Capex Intensity
LEGN
LEGN
NSA
NSA
Q4 25
20.7%
Q3 25
6.5%
Q2 25
3.2%
Q1 25
3.0%
Q4 24
9.8%
Q3 24
2.0%
Q2 24
1.9%
Q1 24
2.7%
Cash Conversion
LEGN
LEGN
NSA
NSA
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.

Revenue Breakdown by Segment

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

NSA
NSA

Segment breakdown not available.

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