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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Nutex Health, Inc. (NUTX). 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 $151.7M, roughly 1.2× Nutex Health, Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 7.8%, a 4.4% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -41.1%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $69.0M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% CAGR vs -2.4%).
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.
Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.
NSA vs NUTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $151.7M |
| Net Profit | $22.9M | $11.8M |
| Gross Margin | 72.5% | 30.4% |
| Operating Margin | 20.2% | 20.4% |
| Net Margin | 12.2% | 7.8% |
| Revenue YoY | -1.6% | -41.1% |
| Net Profit YoY | 36.8% | -80.8% |
| EPS (diluted) | $0.23 | $2.34 |
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 | $187.0M | $151.7M | ||
| Q3 25 | $188.7M | $267.8M | ||
| Q2 25 | $188.8M | $244.0M | ||
| Q1 25 | $188.4M | $211.8M | ||
| Q4 24 | $190.1M | $257.6M | ||
| Q3 24 | $193.6M | $78.8M | ||
| Q2 24 | $190.4M | $76.1M | ||
| Q1 24 | $196.1M | $67.5M |
| Q4 25 | $22.9M | $11.8M | ||
| Q3 25 | $18.4M | $55.4M | ||
| Q2 25 | $19.5M | $-17.7M | ||
| Q1 25 | $13.0M | $21.2M | ||
| Q4 24 | $16.7M | $61.6M | ||
| Q3 24 | $18.7M | $-8.8M | ||
| Q2 24 | $17.1M | $-364.0K | ||
| Q1 24 | $59.0M | $-364.0K |
| Q4 25 | 72.5% | 30.4% | ||
| Q3 25 | 70.7% | 57.8% | ||
| Q2 25 | 70.5% | 51.2% | ||
| Q1 25 | 70.7% | 55.9% | ||
| Q4 24 | 72.5% | 55.0% | ||
| Q3 24 | 72.8% | 27.8% | ||
| Q2 24 | 72.6% | 29.7% | ||
| Q1 24 | 72.1% | 15.1% |
| Q4 25 | 20.2% | 20.4% | ||
| Q3 25 | 15.8% | 48.7% | ||
| Q2 25 | 16.5% | 13.8% | ||
| Q1 25 | 11.0% | 38.1% | ||
| Q4 24 | 14.5% | 44.4% | ||
| Q3 24 | 15.8% | 12.3% | ||
| Q2 24 | 17.2% | 7.0% | ||
| Q1 24 | 48.9% | 2.1% |
| Q4 25 | 12.2% | 7.8% | ||
| Q3 25 | 9.8% | 20.7% | ||
| Q2 25 | 10.3% | -7.3% | ||
| Q1 25 | 6.9% | 10.0% | ||
| Q4 24 | 8.8% | 23.9% | ||
| Q3 24 | 9.7% | -11.2% | ||
| Q2 24 | 9.0% | -0.5% | ||
| Q1 24 | 30.1% | -0.5% |
| Q4 25 | $0.23 | $2.34 | ||
| Q3 25 | $0.17 | $7.76 | ||
| Q2 25 | $0.19 | $-2.95 | ||
| Q1 25 | $0.10 | $3.33 | ||
| Q4 24 | $0.19 | $11.56 | ||
| Q3 24 | $0.18 | $-1.72 | ||
| Q2 24 | $0.16 | $-0.07 | ||
| Q1 24 | $0.65 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.3M | $185.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $329.4M |
| Total Assets | $5.1B | $918.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $185.6M | ||
| Q3 25 | $26.3M | $166.0M | ||
| Q2 25 | $26.1M | $96.7M | ||
| Q1 25 | $19.3M | $84.7M | ||
| Q4 24 | $50.4M | $40.6M | ||
| Q3 24 | $69.9M | $46.9M | ||
| Q2 24 | $59.0M | $40.8M | ||
| Q1 24 | $64.2M | $30.0M |
| Q4 25 | $946.0M | $329.4M | ||
| Q3 25 | $973.1M | $317.2M | ||
| Q2 25 | $1.0B | $235.3M | ||
| Q1 25 | $1.0B | $176.9M | ||
| Q4 24 | $1.1B | $132.4M | ||
| Q3 24 | $986.9M | $60.4M | ||
| Q2 24 | $1.2B | $62.7M | ||
| Q1 24 | $1.3B | $63.0M |
| Q4 25 | $5.1B | $918.5M | ||
| Q3 25 | $5.1B | $964.5M | ||
| Q2 25 | $5.2B | $841.0M | ||
| Q1 25 | $5.3B | $761.9M | ||
| Q4 24 | $5.4B | $655.3M | ||
| Q3 24 | $5.4B | $438.5M | ||
| Q2 24 | $5.3B | $422.4M | ||
| Q1 24 | $5.4B | $404.3M |
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 | $70.4M |
| Free Cash FlowOCF − Capex | $299.8M | $69.0M |
| FCF MarginFCF / Revenue | 160.3% | 45.5% |
| Capex IntensityCapex / Revenue | 20.7% | 0.9% |
| Cash ConversionOCF / Net Profit | 14.79× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $245.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $70.4M | ||
| Q3 25 | $100.2M | $99.5M | ||
| Q2 25 | $79.9M | $27.3M | ||
| Q1 25 | $85.6M | $51.0M | ||
| Q4 24 | $363.1M | $54.0K | ||
| Q3 24 | $105.7M | $6.8M | ||
| Q2 24 | $83.2M | $13.3M | ||
| Q1 24 | $94.0M | $3.1M |
| Q4 25 | $299.8M | $69.0M | ||
| Q3 25 | $88.0M | $99.2M | ||
| Q2 25 | $73.8M | $26.5M | ||
| Q1 25 | $79.9M | $50.9M | ||
| Q4 24 | $344.4M | $-341.0K | ||
| Q3 24 | $101.8M | $6.2M | ||
| Q2 24 | $79.5M | $12.7M | ||
| Q1 24 | $88.6M | $2.3M |
| Q4 25 | 160.3% | 45.5% | ||
| Q3 25 | 46.6% | 37.0% | ||
| Q2 25 | 39.1% | 10.9% | ||
| Q1 25 | 42.4% | 24.0% | ||
| Q4 24 | 181.2% | -0.1% | ||
| Q3 24 | 52.6% | 7.8% | ||
| Q2 24 | 41.7% | 16.7% | ||
| Q1 24 | 45.2% | 3.4% |
| Q4 25 | 20.7% | 0.9% | ||
| Q3 25 | 6.5% | 0.1% | ||
| Q2 25 | 3.2% | 0.3% | ||
| Q1 25 | 3.0% | 0.0% | ||
| Q4 24 | 9.8% | 0.2% | ||
| Q3 24 | 2.0% | 0.8% | ||
| Q2 24 | 1.9% | 0.7% | ||
| Q1 24 | 2.7% | 1.1% |
| Q4 25 | 14.79× | 5.95× | ||
| Q3 25 | 5.44× | 1.80× | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | 2.40× | ||
| Q4 24 | 21.70× | 0.00× | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 4.88× | — | ||
| Q1 24 | 1.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
NUTX
| Hospital Division | $143.7M | 95% |
| Population Health Management Division | $8.0M | 5% |
