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Side-by-side financial comparison of MAXLINEAR, INC (MXL) 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 $137.2M, roughly 1.4× MAXLINEAR, INC). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -32.9%, a 45.1% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs -1.6%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs -2.4%).
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
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.
MXL vs NSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $137.2M | $187.0M |
| Net Profit | $-45.1M | $22.9M |
| Gross Margin | 57.5% | 72.5% |
| Operating Margin | 30.0% | 20.2% |
| Net Margin | -32.9% | 12.2% |
| Revenue YoY | 43.0% | -1.6% |
| Net Profit YoY | -203.0% | 36.8% |
| EPS (diluted) | $-0.52 | $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.
| Q1 26 | $137.2M | — | ||
| Q4 25 | $136.4M | $187.0M | ||
| Q3 25 | $126.5M | $188.7M | ||
| Q2 25 | $108.8M | $188.8M | ||
| Q1 25 | $95.9M | $188.4M | ||
| Q4 24 | $92.2M | $190.1M | ||
| Q3 24 | $81.1M | $193.6M | ||
| Q2 24 | $92.0M | $190.4M |
| Q1 26 | $-45.1M | — | ||
| Q4 25 | $-14.9M | $22.9M | ||
| Q3 25 | $-45.5M | $18.4M | ||
| Q2 25 | $-26.6M | $19.5M | ||
| Q1 25 | $-49.7M | $13.0M | ||
| Q4 24 | $-57.8M | $16.7M | ||
| Q3 24 | $-75.8M | $18.7M | ||
| Q2 24 | $-39.3M | $17.1M |
| Q1 26 | 57.5% | — | ||
| Q4 25 | 57.6% | 72.5% | ||
| Q3 25 | 56.9% | 70.7% | ||
| Q2 25 | 56.5% | 70.5% | ||
| Q1 25 | 56.1% | 70.7% | ||
| Q4 24 | 55.6% | 72.5% | ||
| Q3 24 | 54.4% | 72.8% | ||
| Q2 24 | 54.6% | 72.6% |
| Q1 26 | 30.0% | — | ||
| Q4 25 | -10.9% | 20.2% | ||
| Q3 25 | -32.7% | 15.8% | ||
| Q2 25 | -22.6% | 16.5% | ||
| Q1 25 | -48.0% | 11.0% | ||
| Q4 24 | -44.7% | 14.5% | ||
| Q3 24 | -82.3% | 15.8% | ||
| Q2 24 | -44.4% | 17.2% |
| Q1 26 | -32.9% | — | ||
| Q4 25 | -10.9% | 12.2% | ||
| Q3 25 | -36.0% | 9.8% | ||
| Q2 25 | -24.4% | 10.3% | ||
| Q1 25 | -51.8% | 6.9% | ||
| Q4 24 | -62.8% | 8.8% | ||
| Q3 24 | -93.4% | 9.7% | ||
| Q2 24 | -42.7% | 9.0% |
| Q1 26 | $-0.52 | — | ||
| Q4 25 | $-0.17 | $0.23 | ||
| Q3 25 | $-0.52 | $0.17 | ||
| Q2 25 | $-0.31 | $0.19 | ||
| Q1 25 | $-0.58 | $0.10 | ||
| Q4 24 | $-0.68 | $0.19 | ||
| Q3 24 | $-0.90 | $0.18 | ||
| Q2 24 | $-0.47 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $61.1M | $23.3M |
| Total DebtLower is stronger | $123.8M | — |
| Stockholders' EquityBook value | $454.2M | $946.0M |
| Total Assets | $771.3M | $5.1B |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.1M | — | ||
| Q4 25 | $72.8M | $23.3M | ||
| Q3 25 | $111.9M | $26.3M | ||
| Q2 25 | $108.6M | $26.1M | ||
| Q1 25 | $102.8M | $19.3M | ||
| Q4 24 | $118.6M | $50.4M | ||
| Q3 24 | $148.5M | $69.9M | ||
| Q2 24 | $185.1M | $59.0M |
| Q1 26 | $123.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $454.2M | — | ||
| Q4 25 | $451.9M | $946.0M | ||
| Q3 25 | $464.7M | $973.1M | ||
| Q2 25 | $488.3M | $1.0B | ||
| Q1 25 | $493.2M | $1.0B | ||
| Q4 24 | $516.3M | $1.1B | ||
| Q3 24 | $556.9M | $986.9M | ||
| Q2 24 | $617.3M | $1.2B |
| Q1 26 | $771.3M | — | ||
| Q4 25 | $796.4M | $5.1B | ||
| Q3 25 | $808.1M | $5.1B | ||
| Q2 25 | $863.7M | $5.2B | ||
| Q1 25 | $855.3M | $5.3B | ||
| Q4 24 | $864.6M | $5.4B | ||
| Q3 24 | $895.3M | $5.4B | ||
| Q2 24 | $973.2M | $5.3B |
| Q1 26 | 0.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $10.4M | $338.5M | ||
| Q3 25 | $10.1M | $100.2M | ||
| Q2 25 | $10.5M | $79.9M | ||
| Q1 25 | $-11.4M | $85.6M | ||
| Q4 24 | $-27.8M | $363.1M | ||
| Q3 24 | $-30.7M | $105.7M | ||
| Q2 24 | $-2.7M | $83.2M |
| Q1 26 | — | — | ||
| Q4 25 | $6.7M | $299.8M | ||
| Q3 25 | $4.4M | $88.0M | ||
| Q2 25 | $9.3M | $73.8M | ||
| Q1 25 | $-13.4M | $79.9M | ||
| Q4 24 | $-30.0M | $344.4M | ||
| Q3 24 | $-34.9M | $101.8M | ||
| Q2 24 | $-5.7M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 160.3% | ||
| Q3 25 | 3.5% | 46.6% | ||
| Q2 25 | 8.6% | 39.1% | ||
| Q1 25 | -14.0% | 42.4% | ||
| Q4 24 | -32.6% | 181.2% | ||
| Q3 24 | -43.0% | 52.6% | ||
| Q2 24 | -6.2% | 41.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 20.7% | ||
| Q3 25 | 4.5% | 6.5% | ||
| Q2 25 | 1.1% | 3.2% | ||
| Q1 25 | 2.1% | 3.0% | ||
| Q4 24 | 2.4% | 9.8% | ||
| Q3 24 | 5.1% | 2.0% | ||
| Q2 24 | 3.3% | 1.9% |
| Q1 26 | — | — | ||
| 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× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
