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Side-by-side financial comparison of Inotiv, Inc. (NOTV) and SmartStop Self Storage REIT, Inc. (SMA). Click either name above to swap in a different company.

Inotiv, Inc. is the larger business by last-quarter revenue ($120.9M vs $78.4M, roughly 1.5× SmartStop Self Storage REIT, Inc.). SmartStop Self Storage REIT, Inc. runs the higher net margin — 3.8% vs -23.5%, a 27.3% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% vs 0.8%). Over the past eight quarters, SmartStop Self Storage REIT, Inc.'s revenue compounded faster (17.3% CAGR vs 0.8%).

Inotiv, Inc. is a contract research organization organized in Indiana and headquartered in Lafayette, Indiana. The company operates two core business units: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The CRS business unit offers drug development and environmental sciences services, including safety assessment, analytical, metabolism, CMC and regulatory consultancy for small molecule drug candidates, biotherapeutics, and biomedical devices. The RMS business u...

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

NOTV vs SMA — Head-to-Head

Bigger by revenue
NOTV
NOTV
1.5× larger
NOTV
$120.9M
$78.4M
SMA
Growing faster (revenue YoY)
SMA
SMA
+28.5% gap
SMA
29.4%
0.8%
NOTV
Higher net margin
SMA
SMA
27.3% more per $
SMA
3.8%
-23.5%
NOTV
Faster 2-yr revenue CAGR
SMA
SMA
Annualised
SMA
17.3%
0.8%
NOTV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NOTV
NOTV
SMA
SMA
Revenue
$120.9M
$78.4M
Net Profit
$-28.4M
$3.0M
Gross Margin
61.2%
Operating Margin
-13.5%
24.0%
Net Margin
-23.5%
3.8%
Revenue YoY
0.8%
29.4%
Net Profit YoY
-2.7%
2080.0%
EPS (diluted)
$-0.83

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
NOTV
NOTV
SMA
SMA
Q4 25
$120.9M
$78.4M
Q3 25
$138.1M
$70.4M
Q2 25
$130.7M
$66.8M
Q1 25
$124.3M
$65.4M
Q4 24
$119.9M
$60.6M
Q3 24
$130.4M
$60.2M
Q2 24
$105.8M
$59.2M
Q1 24
$119.0M
$57.0M
Net Profit
NOTV
NOTV
SMA
SMA
Q4 25
$-28.4M
$3.0M
Q3 25
$-8.6M
$5.2M
Q2 25
$-17.6M
$-4.8M
Q1 25
$-14.9M
$-5.5M
Q4 24
$-27.6M
$-150.0K
Q3 24
$-18.9M
$-6.2M
Q2 24
$-26.1M
$-705.0K
Q1 24
$-48.1M
$-1.6M
Gross Margin
NOTV
NOTV
SMA
SMA
Q4 25
61.2%
Q3 25
60.9%
Q2 25
59.3%
Q1 25
64.1%
Q4 24
66.3%
Q3 24
64.8%
Q2 24
66.4%
Q1 24
65.1%
Operating Margin
NOTV
NOTV
SMA
SMA
Q4 25
-13.5%
24.0%
Q3 25
-4.9%
18.1%
Q2 25
-4.3%
15.4%
Q1 25
-2.4%
26.3%
Q4 24
-12.9%
29.4%
Q3 24
-10.1%
29.4%
Q2 24
-19.6%
29.9%
Q1 24
-36.2%
28.0%
Net Margin
NOTV
NOTV
SMA
SMA
Q4 25
-23.5%
3.8%
Q3 25
-6.2%
7.4%
Q2 25
-13.5%
-7.2%
Q1 25
-12.0%
-8.3%
Q4 24
-23.0%
-0.2%
Q3 24
-14.5%
-10.3%
Q2 24
-24.7%
-1.2%
Q1 24
-40.4%
-2.9%
EPS (diluted)
NOTV
NOTV
SMA
SMA
Q4 25
$-0.83
Q3 25
$-0.14
$0.09
Q2 25
$-0.51
$-0.16
Q1 25
$-0.44
$-0.35
Q4 24
$-1.02
Q3 24
$-0.73
$-0.26
Q2 24
$-1.00
$-0.16
Q1 24
$-1.86
$-0.20

Balance Sheet & Financial Strength

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

Metric
NOTV
NOTV
SMA
SMA
Cash + ST InvestmentsLiquidity on hand
$12.7M
$54.2M
Total DebtLower is stronger
$405.8M
Stockholders' EquityBook value
$109.0M
$1.2B
Total Assets
$734.3M
$2.4B
Debt / EquityLower = less leverage
3.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOTV
NOTV
SMA
SMA
Q4 25
$12.7M
$54.2M
Q3 25
$21.7M
$47.8M
Q2 25
$6.2M
$37.7M
Q1 25
$19.3M
$35.2M
Q4 24
$38.0M
$23.1M
Q3 24
$21.4M
$36.7M
Q2 24
$14.4M
$34.7M
Q1 24
$32.7M
$39.2M
Total Debt
NOTV
NOTV
SMA
SMA
Q4 25
$405.8M
Q3 25
$402.1M
Q2 25
$396.5M
Q1 25
$399.5M
Q4 24
$396.0M
Q3 24
$393.3M
Q2 24
$382.4M
Q1 24
$380.6M
Stockholders' Equity
NOTV
NOTV
SMA
SMA
Q4 25
$109.0M
$1.2B
Q3 25
$136.0M
$1.2B
Q2 25
$143.8M
$1.2B
Q1 25
$157.7M
$303.0M
Q4 24
$169.8M
$325.7M
Q3 24
$170.5M
$343.9M
Q2 24
$182.1M
$365.8M
Q1 24
$207.2M
$384.8M
Total Assets
NOTV
NOTV
SMA
SMA
Q4 25
$734.3M
$2.4B
Q3 25
$771.1M
$2.4B
Q2 25
$759.7M
$2.3B
Q1 25
$766.0M
$2.1B
Q4 24
$772.9M
$2.0B
Q3 24
$781.4M
$1.9B
Q2 24
$774.6M
$1.9B
Q1 24
$815.4M
$1.9B
Debt / Equity
NOTV
NOTV
SMA
SMA
Q4 25
3.72×
Q3 25
2.96×
Q2 25
2.76×
Q1 25
2.53×
Q4 24
2.33×
Q3 24
2.31×
Q2 24
2.10×
Q1 24
1.84×

Cash Flow & Capital Efficiency

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

Metric
NOTV
NOTV
SMA
SMA
Operating Cash FlowLast quarter
$-5.4M
$85.0M
Free Cash FlowOCF − Capex
$-10.6M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
28.61×
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOTV
NOTV
SMA
SMA
Q4 25
$-5.4M
$85.0M
Q3 25
$14.3M
$52.1M
Q2 25
$-7.4M
$8.0M
Q1 25
$-12.8M
$10.6M
Q4 24
$-4.5M
$64.0M
Q3 24
$-2.4M
$21.7M
Q2 24
$-14.8M
$17.3M
Q1 24
$16.9M
$14.4M
Free Cash Flow
NOTV
NOTV
SMA
SMA
Q4 25
$-10.6M
Q3 25
$11.6M
Q2 25
$-11.5M
Q1 25
$-18.3M
Q4 24
$-9.0M
Q3 24
$-7.7M
Q2 24
$-19.2M
Q1 24
$9.9M
FCF Margin
NOTV
NOTV
SMA
SMA
Q4 25
-8.8%
Q3 25
8.4%
Q2 25
-8.8%
Q1 25
-14.7%
Q4 24
-7.5%
Q3 24
-5.9%
Q2 24
-18.2%
Q1 24
8.3%
Capex Intensity
NOTV
NOTV
SMA
SMA
Q4 25
4.3%
Q3 25
1.9%
Q2 25
3.1%
Q1 25
4.4%
Q4 24
3.7%
Q3 24
4.1%
Q2 24
4.2%
Q1 24
5.9%
Cash Conversion
NOTV
NOTV
SMA
SMA
Q4 25
28.61×
Q3 25
9.96×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOTV
NOTV

Research Models And Services Segment$72.9M60%
Discovery And Safety Assessment Segment$48.0M40%

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

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