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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $187.0M, roughly 1.6× National Storage Affiliates Trust). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 12.2%, a 15.9% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $122.9M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs -2.4%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $187.0M |
| Net Profit | $86.7M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | 35.1% | 20.2% |
| Net Margin | 28.1% | 12.2% |
| Revenue YoY | 5.3% | -1.6% |
| Net Profit YoY | 5.9% | 36.8% |
| EPS (diluted) | $3.13 | $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 | $308.1M | $187.0M | ||
| Q3 25 | $261.1M | $188.7M | ||
| Q2 25 | $247.5M | $188.8M | ||
| Q1 25 | $289.3M | $188.4M | ||
| Q4 24 | $292.6M | $190.1M | ||
| Q3 24 | $238.3M | $193.6M | ||
| Q2 24 | $227.5M | $190.4M | ||
| Q1 24 | $274.7M | $196.1M |
| Q4 25 | $86.7M | $22.9M | ||
| Q3 25 | $16.3M | $18.4M | ||
| Q2 25 | $41.5M | $19.5M | ||
| Q1 25 | $71.6M | $13.0M | ||
| Q4 24 | $81.9M | $16.7M | ||
| Q3 24 | $41.5M | $18.7M | ||
| Q2 24 | $34.9M | $17.1M | ||
| Q1 24 | $68.0M | $59.0M |
| 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% |
| Q4 25 | 35.1% | 20.2% | ||
| Q3 25 | 6.9% | 15.8% | ||
| Q2 25 | 20.9% | 16.5% | ||
| Q1 25 | 30.4% | 11.0% | ||
| Q4 24 | 34.2% | 14.5% | ||
| Q3 24 | 20.2% | 15.8% | ||
| Q2 24 | 18.8% | 17.2% | ||
| Q1 24 | 30.8% | 48.9% |
| Q4 25 | 28.1% | 12.2% | ||
| Q3 25 | 6.2% | 9.8% | ||
| Q2 25 | 16.8% | 10.3% | ||
| Q1 25 | 24.8% | 6.9% | ||
| Q4 24 | 28.0% | 8.8% | ||
| Q3 24 | 17.4% | 9.7% | ||
| Q2 24 | 15.3% | 9.0% | ||
| Q1 24 | 24.8% | 30.1% |
| Q4 25 | $3.13 | $0.23 | ||
| Q3 25 | $0.58 | $0.17 | ||
| Q2 25 | $1.48 | $0.19 | ||
| Q1 25 | $2.52 | $0.10 | ||
| Q4 24 | $2.83 | $0.19 | ||
| Q3 24 | $1.42 | $0.18 | ||
| Q2 24 | $1.19 | $0.16 | ||
| Q1 24 | $2.29 | $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 | $111.8M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $946.0M |
| Total Assets | $992.3M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $23.3M | ||
| Q3 25 | $97.3M | $26.3M | ||
| Q2 25 | $192.3M | $26.1M | ||
| Q1 25 | $144.5M | $19.3M | ||
| Q4 24 | $324.6M | $50.4M | ||
| Q3 24 | $263.6M | $69.9M | ||
| Q2 24 | $241.3M | $59.0M | ||
| Q1 24 | $196.2M | $64.2M |
| Q4 25 | $746.9M | $946.0M | ||
| Q3 25 | $758.0M | $973.1M | ||
| Q2 25 | $778.0M | $1.0B | ||
| Q1 25 | $780.7M | $1.0B | ||
| Q4 24 | $783.9M | $1.1B | ||
| Q3 24 | $764.1M | $986.9M | ||
| Q2 24 | $759.2M | $1.2B | ||
| Q1 24 | $759.4M | $1.3B |
| Q4 25 | $992.3M | $5.1B | ||
| Q3 25 | $1.0B | $5.1B | ||
| Q2 25 | $1.0B | $5.2B | ||
| Q1 25 | $1.0B | $5.3B | ||
| Q4 24 | $1.0B | $5.4B | ||
| Q3 24 | $992.9M | $5.4B | ||
| Q2 24 | $992.7M | $5.3B | ||
| Q1 24 | $1.0B | $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 | $130.5M | $338.5M |
| Free Cash FlowOCF − Capex | $122.9M | $299.8M |
| FCF MarginFCF / Revenue | 39.9% | 160.3% |
| Capex IntensityCapex / Revenue | 2.5% | 20.7% |
| Cash ConversionOCF / Net Profit | 1.50× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $338.5M | ||
| Q3 25 | $-48.6M | $100.2M | ||
| Q2 25 | $124.0M | $79.9M | ||
| Q1 25 | $67.6M | $85.6M | ||
| Q4 24 | $135.8M | $363.1M | ||
| Q3 24 | $-29.4M | $105.7M | ||
| Q2 24 | $98.6M | $83.2M | ||
| Q1 24 | $85.0M | $94.0M |
| Q4 25 | $122.9M | $299.8M | ||
| Q3 25 | $-58.3M | $88.0M | ||
| Q2 25 | $115.4M | $73.8M | ||
| Q1 25 | $58.7M | $79.9M | ||
| Q4 24 | $126.1M | $344.4M | ||
| Q3 24 | $-39.0M | $101.8M | ||
| Q2 24 | $89.6M | $79.5M | ||
| Q1 24 | $76.0M | $88.6M |
| Q4 25 | 39.9% | 160.3% | ||
| Q3 25 | -22.3% | 46.6% | ||
| Q2 25 | 46.6% | 39.1% | ||
| Q1 25 | 20.3% | 42.4% | ||
| Q4 24 | 43.1% | 181.2% | ||
| Q3 24 | -16.3% | 52.6% | ||
| Q2 24 | 39.4% | 41.7% | ||
| Q1 24 | 27.7% | 45.2% |
| Q4 25 | 2.5% | 20.7% | ||
| Q3 25 | 3.7% | 6.5% | ||
| Q2 25 | 3.5% | 3.2% | ||
| Q1 25 | 3.1% | 3.0% | ||
| Q4 24 | 3.3% | 9.8% | ||
| Q3 24 | 4.0% | 2.0% | ||
| Q2 24 | 3.9% | 1.9% | ||
| Q1 24 | 3.3% | 2.7% |
| Q4 25 | 1.50× | 14.79× | ||
| Q3 25 | -2.99× | 5.44× | ||
| Q2 25 | 2.98× | 4.10× | ||
| Q1 25 | 0.94× | 6.59× | ||
| Q4 24 | 1.66× | 21.70× | ||
| Q3 24 | -0.71× | 5.65× | ||
| Q2 24 | 2.83× | 4.88× | ||
| Q1 24 | 1.25× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
