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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and PagerDuty, Inc. (PD). 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 $124.5M, roughly 1.5× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 12.2%, a 117.5% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $24.1M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
NSA vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $124.5M |
| Net Profit | $22.9M | $161.6M |
| Gross Margin | 72.5% | 85.3% |
| Operating Margin | 20.2% | 6.5% |
| Net Margin | 12.2% | 129.7% |
| Revenue YoY | -1.6% | 4.7% |
| Net Profit YoY | 36.8% | 2827.7% |
| EPS (diluted) | $0.23 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $188.7M | $123.4M | ||
| Q2 25 | $188.8M | $119.8M | ||
| Q1 25 | $188.4M | $121.4M | ||
| Q4 24 | $190.1M | $118.9M | ||
| Q3 24 | $193.6M | $115.9M | ||
| Q2 24 | $190.4M | $111.2M | ||
| Q1 24 | $196.1M | $111.1M |
| Q4 25 | $22.9M | $161.6M | ||
| Q3 25 | $18.4M | $9.6M | ||
| Q2 25 | $19.5M | $-7.2M | ||
| Q1 25 | $13.0M | $-8.8M | ||
| Q4 24 | $16.7M | $-5.9M | ||
| Q3 24 | $18.7M | $-10.9M | ||
| Q2 24 | $17.1M | $-17.1M | ||
| Q1 24 | $59.0M | $-28.2M |
| Q4 25 | 72.5% | 85.3% | ||
| Q3 25 | 70.7% | 84.6% | ||
| Q2 25 | 70.5% | 84.0% | ||
| Q1 25 | 70.7% | 83.6% | ||
| Q4 24 | 72.5% | 83.0% | ||
| Q3 24 | 72.8% | 82.7% | ||
| Q2 24 | 72.6% | 82.6% | ||
| Q1 24 | 72.1% | 81.7% |
| Q4 25 | 20.2% | 6.5% | ||
| Q3 25 | 15.8% | 2.9% | ||
| Q2 25 | 16.5% | -8.6% | ||
| Q1 25 | 11.0% | -9.6% | ||
| Q4 24 | 14.5% | -8.7% | ||
| Q3 24 | 15.8% | -13.8% | ||
| Q2 24 | 17.2% | -19.5% | ||
| Q1 24 | 48.9% | -30.1% |
| Q4 25 | 12.2% | 129.7% | ||
| Q3 25 | 9.8% | 7.8% | ||
| Q2 25 | 10.3% | -6.0% | ||
| Q1 25 | 6.9% | -7.2% | ||
| Q4 24 | 8.8% | -5.0% | ||
| Q3 24 | 9.7% | -9.4% | ||
| Q2 24 | 9.0% | -15.4% | ||
| Q1 24 | 30.1% | -25.3% |
| Q4 25 | $0.23 | $1.69 | ||
| Q3 25 | $0.17 | $0.10 | ||
| Q2 25 | $0.19 | $-0.07 | ||
| Q1 25 | $0.10 | $-0.12 | ||
| Q4 24 | $0.19 | $-0.07 | ||
| Q3 24 | $0.18 | $-0.14 | ||
| Q2 24 | $0.16 | $-0.26 | ||
| Q1 24 | $0.65 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $320.5M |
| Total Assets | $5.1B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $547.8M | ||
| Q3 25 | $26.3M | $567.9M | ||
| Q2 25 | $26.1M | $597.1M | ||
| Q1 25 | $19.3M | $570.8M | ||
| Q4 24 | $50.4M | $542.2M | ||
| Q3 24 | $69.9M | $599.3M | ||
| Q2 24 | $59.0M | $592.8M | ||
| Q1 24 | $64.2M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $946.0M | $320.5M | ||
| Q3 25 | $973.1M | $180.7M | ||
| Q2 25 | $1.0B | $145.7M | ||
| Q1 25 | $1.0B | $129.8M | ||
| Q4 24 | $1.1B | $111.6M | ||
| Q3 24 | $986.9M | $164.7M | ||
| Q2 24 | $1.2B | $174.0M | ||
| Q1 24 | $1.3B | $171.6M |
| Q4 25 | $5.1B | $1.0B | ||
| Q3 25 | $5.1B | $891.5M | ||
| Q2 25 | $5.2B | $926.8M | ||
| Q1 25 | $5.3B | $927.3M | ||
| Q4 24 | $5.4B | $866.8M | ||
| Q3 24 | $5.4B | $916.0M | ||
| Q2 24 | $5.3B | $924.0M | ||
| Q1 24 | $5.4B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $299.8M | $24.1M |
| FCF MarginFCF / Revenue | 160.3% | 19.3% |
| Capex IntensityCapex / Revenue | 20.7% | 0.6% |
| Cash ConversionOCF / Net Profit | 14.79× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $24.8M | ||
| Q3 25 | $100.2M | $34.0M | ||
| Q2 25 | $79.9M | $30.7M | ||
| Q1 25 | $85.6M | $31.4M | ||
| Q4 24 | $363.1M | $22.1M | ||
| Q3 24 | $105.7M | $35.8M | ||
| Q2 24 | $83.2M | $28.6M | ||
| Q1 24 | $94.0M | $22.2M |
| Q4 25 | $299.8M | $24.1M | ||
| Q3 25 | $88.0M | $33.1M | ||
| Q2 25 | $73.8M | $30.2M | ||
| Q1 25 | $79.9M | $30.3M | ||
| Q4 24 | $344.4M | $21.5M | ||
| Q3 24 | $101.8M | $35.1M | ||
| Q2 24 | $79.5M | $28.2M | ||
| Q1 24 | $88.6M | $21.2M |
| Q4 25 | 160.3% | 19.3% | ||
| Q3 25 | 46.6% | 26.8% | ||
| Q2 25 | 39.1% | 25.2% | ||
| Q1 25 | 42.4% | 24.9% | ||
| Q4 24 | 181.2% | 18.1% | ||
| Q3 24 | 52.6% | 30.3% | ||
| Q2 24 | 41.7% | 25.4% | ||
| Q1 24 | 45.2% | 19.1% |
| Q4 25 | 20.7% | 0.6% | ||
| Q3 25 | 6.5% | 0.7% | ||
| Q2 25 | 3.2% | 0.4% | ||
| Q1 25 | 3.0% | 0.9% | ||
| Q4 24 | 9.8% | 0.5% | ||
| Q3 24 | 2.0% | 0.5% | ||
| Q2 24 | 1.9% | 0.4% | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | 14.79× | 0.15× | ||
| Q3 25 | 5.44× | 3.55× | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | — | ||
| Q4 24 | 21.70× | — | ||
| 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.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
