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Side-by-side financial comparison of Loar Holdings Inc. (LOAR) 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 $131.8M, roughly 1.4× Loar Holdings Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 9.5%, a 2.7% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -1.6%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs -2.4%).
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.
LOAR vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.8M | $187.0M |
| Net Profit | $12.5M | $22.9M |
| Gross Margin | 52.1% | 72.5% |
| Operating Margin | 18.0% | 20.2% |
| Net Margin | 9.5% | 12.2% |
| Revenue YoY | 19.3% | -1.6% |
| Net Profit YoY | 239.5% | 36.8% |
| EPS (diluted) | $0.13 | $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 | $131.8M | $187.0M | ||
| Q3 25 | $126.8M | $188.7M | ||
| Q2 25 | $123.1M | $188.8M | ||
| Q1 25 | $114.7M | $188.4M | ||
| Q4 24 | $110.4M | $190.1M | ||
| Q3 24 | $103.5M | $193.6M | ||
| Q2 24 | $97.0M | $190.4M | ||
| Q1 24 | $91.8M | $196.1M |
| Q4 25 | $12.5M | $22.9M | ||
| Q3 25 | $27.6M | $18.4M | ||
| Q2 25 | $16.7M | $19.5M | ||
| Q1 25 | $15.3M | $13.0M | ||
| Q4 24 | $3.7M | $16.7M | ||
| Q3 24 | $8.7M | $18.7M | ||
| Q2 24 | $7.6M | $17.1M | ||
| Q1 24 | $2.2M | $59.0M |
| Q4 25 | 52.1% | 72.5% | ||
| Q3 25 | 52.7% | 70.7% | ||
| Q2 25 | 53.8% | 70.5% | ||
| Q1 25 | 52.1% | 70.7% | ||
| Q4 24 | 48.9% | 72.5% | ||
| Q3 24 | 51.1% | 72.8% | ||
| Q2 24 | 49.0% | 72.6% | ||
| Q1 24 | 48.4% | 72.1% |
| Q4 25 | 18.0% | 20.2% | ||
| Q3 25 | 22.9% | 15.8% | ||
| Q2 25 | 22.2% | 16.5% | ||
| Q1 25 | 22.8% | 11.0% | ||
| Q4 24 | 19.2% | 14.5% | ||
| Q3 24 | 22.1% | 15.8% | ||
| Q2 24 | 22.9% | 17.2% | ||
| Q1 24 | 23.3% | 48.9% |
| Q4 25 | 9.5% | 12.2% | ||
| Q3 25 | 21.8% | 9.8% | ||
| Q2 25 | 13.6% | 10.3% | ||
| Q1 25 | 13.4% | 6.9% | ||
| Q4 24 | 3.3% | 8.8% | ||
| Q3 24 | 8.4% | 9.7% | ||
| Q2 24 | 7.9% | 9.0% | ||
| Q1 24 | 2.4% | 30.1% |
| Q4 25 | $0.13 | $0.23 | ||
| Q3 25 | $0.29 | $0.17 | ||
| Q2 25 | $0.17 | $0.19 | ||
| Q1 25 | $0.16 | $0.10 | ||
| Q4 24 | $-11023.48 | $0.19 | ||
| Q3 24 | $0.09 | $0.18 | ||
| Q2 24 | $0.09 | $0.16 | ||
| Q1 24 | $11023.54 | $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 | $84.8M | $23.3M |
| Total DebtLower is stronger | $715.7M | — |
| Stockholders' EquityBook value | $1.2B | $946.0M |
| Total Assets | $2.0B | $5.1B |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.8M | $23.3M | ||
| Q3 25 | $99.0M | $26.3M | ||
| Q2 25 | $103.3M | $26.1M | ||
| Q1 25 | $80.5M | $19.3M | ||
| Q4 24 | $54.1M | $50.4M | ||
| Q3 24 | $55.2M | $69.9M | ||
| Q2 24 | $73.2M | $59.0M | ||
| Q1 24 | $28.2M | $64.2M |
| Q4 25 | $715.7M | — | ||
| Q3 25 | $279.4M | — | ||
| Q2 25 | $277.7M | — | ||
| Q1 25 | $277.5M | — | ||
| Q4 24 | $277.3M | — | ||
| Q3 24 | $602.1M | — | ||
| Q2 24 | $250.7M | — | ||
| Q1 24 | $534.2M | — |
| Q4 25 | $1.2B | $946.0M | ||
| Q3 25 | $1.2B | $973.1M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $769.8M | $986.9M | ||
| Q2 24 | $758.4M | $1.2B | ||
| Q1 24 | $420.6M | $1.3B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $1.5B | $5.1B | ||
| Q2 25 | $1.5B | $5.2B | ||
| Q1 25 | $1.5B | $5.3B | ||
| Q4 24 | $1.5B | $5.4B | ||
| Q3 24 | $1.5B | $5.4B | ||
| Q2 24 | $1.1B | $5.3B | ||
| Q1 24 | $1.1B | $5.4B |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 1.27× | — |
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 | $30.4M | $338.5M |
| Free Cash FlowOCF − Capex | — | $299.8M |
| FCF MarginFCF / Revenue | — | 160.3% |
| Capex IntensityCapex / Revenue | — | 20.7% |
| Cash ConversionOCF / Net Profit | 2.43× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | — | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.4M | $338.5M | ||
| Q3 25 | $29.7M | $100.2M | ||
| Q2 25 | $23.8M | $79.9M | ||
| Q1 25 | $28.4M | $85.6M | ||
| Q4 24 | $20.7M | $363.1M | ||
| Q3 24 | $16.3M | $105.7M | ||
| Q2 24 | $7.1M | $83.2M | ||
| Q1 24 | $10.8M | $94.0M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 2.43× | 14.79× | ||
| Q3 25 | 1.08× | 5.44× | ||
| Q2 25 | 1.42× | 4.10× | ||
| Q1 25 | 1.85× | 6.59× | ||
| Q4 24 | 5.62× | 21.70× | ||
| Q3 24 | 1.89× | 5.65× | ||
| Q2 24 | 0.93× | 4.88× | ||
| Q1 24 | 4.81× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
NSA
Segment breakdown not available.
