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Side-by-side financial comparison of N-able, Inc. (NABL) 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 $130.3M, roughly 1.4× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $20.9M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs -2.4%).
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
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.
NABL vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $130.3M | $187.0M |
| Net Profit | — | $22.9M |
| Gross Margin | 76.2% | 72.5% |
| Operating Margin | 10.2% | 20.2% |
| Net Margin | — | 12.2% |
| Revenue YoY | 11.8% | -1.6% |
| Net Profit YoY | — | 36.8% |
| EPS (diluted) | $-0.04 | $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 | $130.3M | $187.0M | ||
| Q3 25 | $131.7M | $188.7M | ||
| Q2 25 | $131.2M | $188.8M | ||
| Q1 25 | $118.2M | $188.4M | ||
| Q4 24 | $116.5M | $190.1M | ||
| Q3 24 | $116.4M | $193.6M | ||
| Q2 24 | $119.4M | $190.4M | ||
| Q1 24 | $113.7M | $196.1M |
| Q4 25 | — | $22.9M | ||
| Q3 25 | $1.4M | $18.4M | ||
| Q2 25 | $-4.0M | $19.5M | ||
| Q1 25 | $-7.2M | $13.0M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | $10.8M | $18.7M | ||
| Q2 24 | $9.5M | $17.1M | ||
| Q1 24 | $7.5M | $59.0M |
| Q4 25 | 76.2% | 72.5% | ||
| Q3 25 | 77.5% | 70.7% | ||
| Q2 25 | 78.1% | 70.5% | ||
| Q1 25 | 76.6% | 70.7% | ||
| Q4 24 | 80.0% | 72.5% | ||
| Q3 24 | 82.9% | 72.8% | ||
| Q2 24 | 84.0% | 72.6% | ||
| Q1 24 | 83.9% | 72.1% |
| Q4 25 | 10.2% | 20.2% | ||
| Q3 25 | 8.8% | 15.8% | ||
| Q2 25 | 7.7% | 16.5% | ||
| Q1 25 | 1.5% | 11.0% | ||
| Q4 24 | 13.7% | 14.5% | ||
| Q3 24 | 20.5% | 15.8% | ||
| Q2 24 | 18.4% | 17.2% | ||
| Q1 24 | 18.0% | 48.9% |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 1.1% | 9.8% | ||
| Q2 25 | -3.1% | 10.3% | ||
| Q1 25 | -6.1% | 6.9% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 9.2% | 9.7% | ||
| Q2 24 | 7.9% | 9.0% | ||
| Q1 24 | 6.6% | 30.1% |
| Q4 25 | $-0.04 | $0.23 | ||
| Q3 25 | $0.01 | $0.17 | ||
| Q2 25 | $-0.02 | $0.19 | ||
| Q1 25 | $-0.04 | $0.10 | ||
| Q4 24 | $0.01 | $0.19 | ||
| Q3 24 | $0.06 | $0.18 | ||
| Q2 24 | $0.05 | $0.16 | ||
| Q1 24 | $0.04 | $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 | $393.9M | — |
| Stockholders' EquityBook value | $804.7M | $946.0M |
| Total Assets | $1.4B | $5.1B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $23.3M | ||
| Q3 25 | $101.4M | $26.3M | ||
| Q2 25 | $93.9M | $26.1M | ||
| Q1 25 | $94.1M | $19.3M | ||
| Q4 24 | $85.2M | $50.4M | ||
| Q3 24 | $174.4M | $69.9M | ||
| Q2 24 | $157.5M | $59.0M | ||
| Q1 24 | $139.2M | $64.2M |
| Q4 25 | $393.9M | — | ||
| Q3 25 | $331.7M | — | ||
| Q2 25 | $332.1M | — | ||
| Q1 25 | $332.6M | — | ||
| Q4 24 | $333.1M | — | ||
| Q3 24 | $333.6M | — | ||
| Q2 24 | $334.1M | — | ||
| Q1 24 | $334.5M | — |
| Q4 25 | $804.7M | $946.0M | ||
| Q3 25 | $813.4M | $973.1M | ||
| Q2 25 | $809.4M | $1.0B | ||
| Q1 25 | $775.1M | $1.0B | ||
| Q4 24 | $759.3M | $1.1B | ||
| Q3 24 | $765.0M | $986.9M | ||
| Q2 24 | $724.4M | $1.2B | ||
| Q1 24 | $709.1M | $1.3B |
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $5.2B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $1.3B | $5.4B | ||
| Q3 24 | $1.2B | $5.4B | ||
| Q2 24 | $1.2B | $5.3B | ||
| Q1 24 | $1.1B | $5.4B |
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.47× | — |
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 | $25.3M | $338.5M |
| Free Cash FlowOCF − Capex | $20.9M | $299.8M |
| FCF MarginFCF / Revenue | 16.0% | 160.3% |
| Capex IntensityCapex / Revenue | 3.4% | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.3M | $338.5M | ||
| Q3 25 | $24.0M | $100.2M | ||
| Q2 25 | $24.2M | $79.9M | ||
| Q1 25 | $19.7M | $85.6M | ||
| Q4 24 | $26.0M | $363.1M | ||
| Q3 24 | $22.0M | $105.7M | ||
| Q2 24 | $27.3M | $83.2M | ||
| Q1 24 | $4.2M | $94.0M |
| Q4 25 | $20.9M | $299.8M | ||
| Q3 25 | $17.4M | $88.0M | ||
| Q2 25 | $20.4M | $73.8M | ||
| Q1 25 | $16.4M | $79.9M | ||
| Q4 24 | $18.8M | $344.4M | ||
| Q3 24 | $18.2M | $101.8M | ||
| Q2 24 | $24.0M | $79.5M | ||
| Q1 24 | $746.0K | $88.6M |
| Q4 25 | 16.0% | 160.3% | ||
| Q3 25 | 13.2% | 46.6% | ||
| Q2 25 | 15.5% | 39.1% | ||
| Q1 25 | 13.9% | 42.4% | ||
| Q4 24 | 16.2% | 181.2% | ||
| Q3 24 | 15.7% | 52.6% | ||
| Q2 24 | 20.1% | 41.7% | ||
| Q1 24 | 0.7% | 45.2% |
| Q4 25 | 3.4% | 20.7% | ||
| Q3 25 | 5.0% | 6.5% | ||
| Q2 25 | 2.9% | 3.2% | ||
| Q1 25 | 2.8% | 3.0% | ||
| Q4 24 | 6.1% | 9.8% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 2.7% | 1.9% | ||
| Q1 24 | 3.0% | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | 17.36× | 5.44× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | 2.04× | 5.65× | ||
| Q2 24 | 2.89× | 4.88× | ||
| Q1 24 | 0.56× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
NSA
Segment breakdown not available.
