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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Organogenesis Holdings Inc. (ORGO). Click either name above to swap in a different company.

Organogenesis Holdings Inc. is the larger business by last-quarter revenue ($225.6M vs $187.0M, roughly 1.2× National Storage Affiliates Trust). Organogenesis Holdings Inc. runs the higher net margin — 19.4% vs 12.2%, a 7.1% gap on every dollar of revenue. On growth, Organogenesis Holdings Inc. posted the faster year-over-year revenue change (78.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $34.8M). Over the past eight quarters, Organogenesis Holdings Inc.'s revenue compounded faster (43.2% 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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

NSA vs ORGO — Head-to-Head

Bigger by revenue
ORGO
ORGO
1.2× larger
ORGO
$225.6M
$187.0M
NSA
Growing faster (revenue YoY)
ORGO
ORGO
+79.7% gap
ORGO
78.1%
-1.6%
NSA
Higher net margin
ORGO
ORGO
7.1% more per $
ORGO
19.4%
12.2%
NSA
More free cash flow
NSA
NSA
$265.0M more FCF
NSA
$299.8M
$34.8M
ORGO
Faster 2-yr revenue CAGR
ORGO
ORGO
Annualised
ORGO
43.2%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSA
NSA
ORGO
ORGO
Revenue
$187.0M
$225.6M
Net Profit
$22.9M
$43.7M
Gross Margin
72.5%
Operating Margin
20.2%
28.1%
Net Margin
12.2%
19.4%
Revenue YoY
-1.6%
78.1%
Net Profit YoY
36.8%
469.5%
EPS (diluted)
$0.23
$0.31

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
NSA
NSA
ORGO
ORGO
Q4 25
$187.0M
$225.6M
Q3 25
$188.7M
$150.9M
Q2 25
$188.8M
$101.0M
Q1 25
$188.4M
$86.7M
Q4 24
$190.1M
$126.7M
Q3 24
$193.6M
$115.2M
Q2 24
$190.4M
$130.2M
Q1 24
$196.1M
$110.0M
Net Profit
NSA
NSA
ORGO
ORGO
Q4 25
$22.9M
$43.7M
Q3 25
$18.4M
$21.6M
Q2 25
$19.5M
$-9.4M
Q1 25
$13.0M
$-18.8M
Q4 24
$16.7M
$7.7M
Q3 24
$18.7M
$12.3M
Q2 24
$17.1M
$-17.0M
Q1 24
$59.0M
$-2.1M
Gross Margin
NSA
NSA
ORGO
ORGO
Q4 25
72.5%
Q3 25
70.7%
Q2 25
70.5%
Q1 25
70.7%
72.6%
Q4 24
72.5%
75.5%
Q3 24
72.8%
76.7%
Q2 24
72.6%
77.6%
Q1 24
72.1%
73.9%
Operating Margin
NSA
NSA
ORGO
ORGO
Q4 25
20.2%
28.1%
Q3 25
15.8%
13.7%
Q2 25
16.5%
-12.5%
Q1 25
11.0%
-30.9%
Q4 24
14.5%
8.1%
Q3 24
15.8%
5.4%
Q2 24
17.2%
-10.7%
Q1 24
48.9%
-3.5%
Net Margin
NSA
NSA
ORGO
ORGO
Q4 25
12.2%
19.4%
Q3 25
9.8%
14.3%
Q2 25
10.3%
-9.3%
Q1 25
6.9%
-21.7%
Q4 24
8.8%
6.1%
Q3 24
9.7%
10.7%
Q2 24
9.0%
-13.1%
Q1 24
30.1%
-1.9%
EPS (diluted)
NSA
NSA
ORGO
ORGO
Q4 25
$0.23
$0.31
Q3 25
$0.17
$0.11
Q2 25
$0.19
$-0.10
Q1 25
$0.10
$-0.17
Q4 24
$0.19
$0.05
Q3 24
$0.18
$0.09
Q2 24
$0.16
$-0.13
Q1 24
$0.65
$-0.02

Balance Sheet & Financial Strength

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

Metric
NSA
NSA
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$23.3M
$93.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$946.0M
$300.1M
Total Assets
$5.1B
$598.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
ORGO
ORGO
Q4 25
$23.3M
$93.7M
Q3 25
$26.3M
$63.7M
Q2 25
$26.1M
$73.1M
Q1 25
$19.3M
$110.0M
Q4 24
$50.4M
$135.6M
Q3 24
$69.9M
$94.3M
Q2 24
$59.0M
$89.9M
Q1 24
$64.2M
$88.6M
Total Debt
NSA
NSA
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$62.3M
Q2 24
$63.8M
Q1 24
$65.2M
Stockholders' Equity
NSA
NSA
ORGO
ORGO
Q4 25
$946.0M
$300.1M
Q3 25
$973.1M
$255.1M
Q2 25
$1.0B
$233.2M
Q1 25
$1.0B
$242.9M
Q4 24
$1.1B
$262.9M
Q3 24
$986.9M
$278.5M
Q2 24
$1.2B
$263.5M
Q1 24
$1.3B
$278.0M
Total Assets
NSA
NSA
ORGO
ORGO
Q4 25
$5.1B
$598.7M
Q3 25
$5.1B
$509.8M
Q2 25
$5.2B
$461.1M
Q1 25
$5.3B
$467.4M
Q4 24
$5.4B
$497.9M
Q3 24
$5.4B
$446.3M
Q2 24
$5.3B
$443.2M
Q1 24
$5.4B
$458.5M
Debt / Equity
NSA
NSA
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
0.24×
Q1 24
0.23×

Cash Flow & Capital Efficiency

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

Metric
NSA
NSA
ORGO
ORGO
Operating Cash FlowLast quarter
$338.5M
$39.4M
Free Cash FlowOCF − Capex
$299.8M
$34.8M
FCF MarginFCF / Revenue
160.3%
15.4%
Capex IntensityCapex / Revenue
20.7%
2.1%
Cash ConversionOCF / Net Profit
14.79×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$541.5M
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
ORGO
ORGO
Q4 25
$338.5M
$39.4M
Q3 25
$100.2M
$3.1M
Q2 25
$79.9M
$-32.9M
Q1 25
$85.6M
$-19.9M
Q4 24
$363.1M
$10.9M
Q3 24
$105.7M
$8.7M
Q2 24
$83.2M
$4.7M
Q1 24
$94.0M
$-10.2M
Free Cash Flow
NSA
NSA
ORGO
ORGO
Q4 25
$299.8M
$34.8M
Q3 25
$88.0M
$844.0K
Q2 25
$73.8M
$-36.5M
Q1 25
$79.9M
$-23.6M
Q4 24
$344.4M
$7.6M
Q3 24
$101.8M
$6.1M
Q2 24
$79.5M
$2.9M
Q1 24
$88.6M
$-12.4M
FCF Margin
NSA
NSA
ORGO
ORGO
Q4 25
160.3%
15.4%
Q3 25
46.6%
0.6%
Q2 25
39.1%
-36.1%
Q1 25
42.4%
-27.2%
Q4 24
181.2%
6.0%
Q3 24
52.6%
5.3%
Q2 24
41.7%
2.2%
Q1 24
45.2%
-11.3%
Capex Intensity
NSA
NSA
ORGO
ORGO
Q4 25
20.7%
2.1%
Q3 25
6.5%
1.5%
Q2 25
3.2%
3.6%
Q1 25
3.0%
4.2%
Q4 24
9.8%
2.7%
Q3 24
2.0%
2.2%
Q2 24
1.9%
1.4%
Q1 24
2.7%
2.0%
Cash Conversion
NSA
NSA
ORGO
ORGO
Q4 25
14.79×
0.90×
Q3 25
5.44×
0.14×
Q2 25
4.10×
Q1 25
6.59×
Q4 24
21.70×
1.43×
Q3 24
5.65×
0.71×
Q2 24
4.88×
Q1 24
1.59×

Financial Flow Comparison

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

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