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Side-by-side financial comparison of El Pollo Loco Holdings, Inc. (LOCO) 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 $123.5M, roughly 1.5× El Pollo Loco Holdings, Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 5.3%, a 6.9% gap on every dollar of revenue. On growth, El Pollo Loco Holdings, Inc. posted the faster year-over-year revenue change (8.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $5.1M). Over the past eight quarters, El Pollo Loco Holdings, Inc.'s revenue compounded faster (3.1% CAGR vs -2.4%).

El Pollo Loco, Inc., is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken. Restaurant service consists of dine-in and take-out, with some locations offering drive-through options. The company is headquartered in Costa Mesa, California, and operates about 500 company-owned and franchised restaurants in the Southwestern 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.

LOCO vs NSA — Head-to-Head

Bigger by revenue
NSA
NSA
1.5× larger
NSA
$187.0M
$123.5M
LOCO
Growing faster (revenue YoY)
LOCO
LOCO
+9.7% gap
LOCO
8.1%
-1.6%
NSA
Higher net margin
NSA
NSA
6.9% more per $
NSA
12.2%
5.3%
LOCO
More free cash flow
NSA
NSA
$294.7M more FCF
NSA
$299.8M
$5.1M
LOCO
Faster 2-yr revenue CAGR
LOCO
LOCO
Annualised
LOCO
3.1%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOCO
LOCO
NSA
NSA
Revenue
$123.5M
$187.0M
Net Profit
$6.5M
$22.9M
Gross Margin
72.5%
Operating Margin
8.3%
20.2%
Net Margin
5.3%
12.2%
Revenue YoY
8.1%
-1.6%
Net Profit YoY
9.9%
36.8%
EPS (diluted)
$0.22
$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
LOCO
LOCO
NSA
NSA
Q4 25
$123.5M
$187.0M
Q3 25
$121.5M
$188.7M
Q2 25
$125.8M
$188.8M
Q1 25
$119.2M
$188.4M
Q4 24
$114.3M
$190.1M
Q3 24
$120.4M
$193.6M
Q2 24
$122.2M
$190.4M
Q1 24
$116.2M
$196.1M
Net Profit
LOCO
LOCO
NSA
NSA
Q4 25
$6.5M
$22.9M
Q3 25
$7.4M
$18.4M
Q2 25
$7.1M
$19.5M
Q1 25
$5.5M
$13.0M
Q4 24
$6.0M
$16.7M
Q3 24
$6.2M
$18.7M
Q2 24
$7.6M
$17.1M
Q1 24
$5.9M
$59.0M
Gross Margin
LOCO
LOCO
NSA
NSA
Q4 25
72.5%
Q3 25
70.7%
Q2 25
70.5%
Q1 25
70.7%
Q4 24
72.5%
Q3 24
72.8%
Q2 24
72.6%
Q1 24
72.1%
Operating Margin
LOCO
LOCO
NSA
NSA
Q4 25
8.3%
20.2%
Q3 25
9.4%
15.8%
Q2 25
9.0%
16.5%
Q1 25
7.5%
11.0%
Q4 24
7.9%
14.5%
Q3 24
8.4%
15.8%
Q2 24
10.1%
17.2%
Q1 24
8.3%
48.9%
Net Margin
LOCO
LOCO
NSA
NSA
Q4 25
5.3%
12.2%
Q3 25
6.1%
9.8%
Q2 25
5.6%
10.3%
Q1 25
4.6%
6.9%
Q4 24
5.2%
8.8%
Q3 24
5.1%
9.7%
Q2 24
6.2%
9.0%
Q1 24
5.1%
30.1%
EPS (diluted)
LOCO
LOCO
NSA
NSA
Q4 25
$0.22
$0.23
Q3 25
$0.25
$0.17
Q2 25
$0.24
$0.19
Q1 25
$0.19
$0.10
Q4 24
$0.21
$0.19
Q3 24
$0.21
$0.18
Q2 24
$0.25
$0.16
Q1 24
$0.19
$0.65

Balance Sheet & Financial Strength

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

Metric
LOCO
LOCO
NSA
NSA
Cash + ST InvestmentsLiquidity on hand
$6.2M
$23.3M
Total DebtLower is stronger
$51.0M
Stockholders' EquityBook value
$291.1M
$946.0M
Total Assets
$606.6M
$5.1B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOCO
LOCO
NSA
NSA
Q4 25
$6.2M
$23.3M
Q3 25
$10.9M
$26.3M
Q2 25
$9.0M
$26.1M
Q1 25
$4.3M
$19.3M
Q4 24
$2.5M
$50.4M
Q3 24
$7.9M
$69.9M
Q2 24
$10.5M
$59.0M
Q1 24
$9.1M
$64.2M
Total Debt
LOCO
LOCO
NSA
NSA
Q4 25
$51.0M
Q3 25
$61.0M
Q2 25
$69.0M
Q1 25
$73.0M
Q4 24
$71.0M
Q3 24
$76.0M
Q2 24
$87.0M
Q1 24
$80.0M
Stockholders' Equity
LOCO
LOCO
NSA
NSA
Q4 25
$291.1M
$946.0M
Q3 25
$282.9M
$973.1M
Q2 25
$274.2M
$1.0B
Q1 25
$265.7M
$1.0B
Q4 24
$260.7M
$1.1B
Q3 24
$255.2M
$986.9M
Q2 24
$248.6M
$1.2B
Q1 24
$256.3M
$1.3B
Total Assets
LOCO
LOCO
NSA
NSA
Q4 25
$606.6M
$5.1B
Q3 25
$602.7M
$5.1B
Q2 25
$596.8M
$5.2B
Q1 25
$590.5M
$5.3B
Q4 24
$592.0M
$5.4B
Q3 24
$590.0M
$5.4B
Q2 24
$593.8M
$5.3B
Q1 24
$598.0M
$5.4B
Debt / Equity
LOCO
LOCO
NSA
NSA
Q4 25
0.18×
Q3 25
0.22×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
0.27×
Q3 24
0.30×
Q2 24
0.35×
Q1 24
0.31×

Cash Flow & Capital Efficiency

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

Metric
LOCO
LOCO
NSA
NSA
Operating Cash FlowLast quarter
$13.9M
$338.5M
Free Cash FlowOCF − Capex
$5.1M
$299.8M
FCF MarginFCF / Revenue
4.1%
160.3%
Capex IntensityCapex / Revenue
7.1%
20.7%
Cash ConversionOCF / Net Profit
2.13×
14.79×
TTM Free Cash FlowTrailing 4 quarters
$25.4M
$541.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOCO
LOCO
NSA
NSA
Q4 25
$13.9M
$338.5M
Q3 25
$15.3M
$100.2M
Q2 25
$14.1M
$79.9M
Q1 25
$4.7M
$85.6M
Q4 24
$5.6M
$363.1M
Q3 24
$13.0M
$105.7M
Q2 24
$17.0M
$83.2M
Q1 24
$11.2M
$94.0M
Free Cash Flow
LOCO
LOCO
NSA
NSA
Q4 25
$5.1M
$299.8M
Q3 25
$9.9M
$88.0M
Q2 25
$9.1M
$73.8M
Q1 25
$1.3M
$79.9M
Q4 24
$1.1M
$344.4M
Q3 24
$9.1M
$101.8M
Q2 24
$10.4M
$79.5M
Q1 24
$7.0M
$88.6M
FCF Margin
LOCO
LOCO
NSA
NSA
Q4 25
4.1%
160.3%
Q3 25
8.2%
46.6%
Q2 25
7.2%
39.1%
Q1 25
1.1%
42.4%
Q4 24
1.0%
181.2%
Q3 24
7.6%
52.6%
Q2 24
8.5%
41.7%
Q1 24
6.0%
45.2%
Capex Intensity
LOCO
LOCO
NSA
NSA
Q4 25
7.1%
20.7%
Q3 25
4.4%
6.5%
Q2 25
4.0%
3.2%
Q1 25
2.8%
3.0%
Q4 24
3.9%
9.8%
Q3 24
3.2%
2.0%
Q2 24
5.3%
1.9%
Q1 24
3.6%
2.7%
Cash Conversion
LOCO
LOCO
NSA
NSA
Q4 25
2.13×
14.79×
Q3 25
2.08×
5.44×
Q2 25
1.99×
4.10×
Q1 25
0.86×
6.59×
Q4 24
0.95×
21.70×
Q3 24
2.11×
5.65×
Q2 24
2.22×
4.88×
Q1 24
1.89×
1.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOCO
LOCO

Services$102.4M83%
Franchise$13.0M11%
Franchise Advertising Fee$8.1M7%

NSA
NSA

Segment breakdown not available.

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