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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and CPI Card Group Inc. (PMTS). 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 $153.1M, roughly 1.2× CPI Card Group Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 4.8%, a 7.4% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $35.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
NSA vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $153.1M |
| Net Profit | $22.9M | $7.3M |
| Gross Margin | 72.5% | 31.5% |
| Operating Margin | 20.2% | 12.0% |
| Net Margin | 12.2% | 4.8% |
| Revenue YoY | -1.6% | 22.3% |
| Net Profit YoY | 36.8% | 8.5% |
| EPS (diluted) | $0.23 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $188.7M | $138.0M | ||
| Q2 25 | $188.8M | $129.8M | ||
| Q1 25 | $188.4M | $122.8M | ||
| Q4 24 | $190.1M | $125.1M | ||
| Q3 24 | $193.6M | $124.8M | ||
| Q2 24 | $190.4M | $118.8M | ||
| Q1 24 | $196.1M | $111.9M |
| Q4 25 | $22.9M | $7.3M | ||
| Q3 25 | $18.4M | $2.3M | ||
| Q2 25 | $19.5M | $518.0K | ||
| Q1 25 | $13.0M | $4.8M | ||
| Q4 24 | $16.7M | $6.8M | ||
| Q3 24 | $18.7M | $1.3M | ||
| Q2 24 | $17.1M | $6.0M | ||
| Q1 24 | $59.0M | $5.5M |
| Q4 25 | 72.5% | 31.5% | ||
| Q3 25 | 70.7% | 29.7% | ||
| Q2 25 | 70.5% | 30.9% | ||
| Q1 25 | 70.7% | 33.2% | ||
| Q4 24 | 72.5% | 34.1% | ||
| Q3 24 | 72.8% | 35.8% | ||
| Q2 24 | 72.6% | 35.7% | ||
| Q1 24 | 72.1% | 37.1% |
| Q4 25 | 20.2% | 12.0% | ||
| Q3 25 | 15.8% | 9.4% | ||
| Q2 25 | 16.5% | 7.3% | ||
| Q1 25 | 11.0% | 11.5% | ||
| Q4 24 | 14.5% | 12.7% | ||
| Q3 24 | 15.8% | 14.3% | ||
| Q2 24 | 17.2% | 12.5% | ||
| Q1 24 | 48.9% | 12.6% |
| Q4 25 | 12.2% | 4.8% | ||
| Q3 25 | 9.8% | 1.7% | ||
| Q2 25 | 10.3% | 0.4% | ||
| Q1 25 | 6.9% | 3.9% | ||
| Q4 24 | 8.8% | 5.4% | ||
| Q3 24 | 9.7% | 1.0% | ||
| Q2 24 | 9.0% | 5.1% | ||
| Q1 24 | 30.1% | 4.9% |
| Q4 25 | $0.23 | $0.62 | ||
| Q3 25 | $0.17 | $0.19 | ||
| Q2 25 | $0.19 | $0.04 | ||
| Q1 25 | $0.10 | $0.40 | ||
| Q4 24 | $0.19 | $0.56 | ||
| Q3 24 | $0.18 | $0.11 | ||
| Q2 24 | $0.16 | $0.51 | ||
| Q1 24 | $0.65 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $946.0M | $-17.3M |
| Total Assets | $5.1B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $21.7M | ||
| Q3 25 | $26.3M | $16.0M | ||
| Q2 25 | $26.1M | $17.1M | ||
| Q1 25 | $19.3M | $31.5M | ||
| Q4 24 | $50.4M | $33.5M | ||
| Q3 24 | $69.9M | $14.7M | ||
| Q2 24 | $59.0M | $7.5M | ||
| Q1 24 | $64.2M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $946.0M | $-17.3M | ||
| Q3 25 | $973.1M | $-25.7M | ||
| Q2 25 | $1.0B | $-29.0M | ||
| Q1 25 | $1.0B | $-29.7M | ||
| Q4 24 | $1.1B | $-35.6M | ||
| Q3 24 | $986.9M | $-42.8M | ||
| Q2 24 | $1.2B | $-44.6M | ||
| Q1 24 | $1.3B | $-48.5M |
| Q4 25 | $5.1B | $403.2M | ||
| Q3 25 | $5.1B | $407.1M | ||
| Q2 25 | $5.2B | $399.8M | ||
| Q1 25 | $5.3B | $351.9M | ||
| Q4 24 | $5.4B | $349.7M | ||
| Q3 24 | $5.4B | $342.3M | ||
| Q2 24 | $5.3B | $321.4M | ||
| Q1 24 | $5.4B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $299.8M | $35.2M |
| FCF MarginFCF / Revenue | 160.3% | 23.0% |
| Capex IntensityCapex / Revenue | 20.7% | 2.9% |
| Cash ConversionOCF / Net Profit | 14.79× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $39.6M | ||
| Q3 25 | $100.2M | $10.0M | ||
| Q2 25 | $79.9M | $4.3M | ||
| Q1 25 | $85.6M | $5.6M | ||
| Q4 24 | $363.1M | $26.7M | ||
| Q3 24 | $105.7M | $12.5M | ||
| Q2 24 | $83.2M | $-4.8M | ||
| Q1 24 | $94.0M | $8.9M |
| Q4 25 | $299.8M | $35.2M | ||
| Q3 25 | $88.0M | $5.3M | ||
| Q2 25 | $73.8M | $533.0K | ||
| Q1 25 | $79.9M | $292.0K | ||
| Q4 24 | $344.4M | $21.6M | ||
| Q3 24 | $101.8M | $11.1M | ||
| Q2 24 | $79.5M | $-6.0M | ||
| Q1 24 | $88.6M | $7.4M |
| Q4 25 | 160.3% | 23.0% | ||
| Q3 25 | 46.6% | 3.8% | ||
| Q2 25 | 39.1% | 0.4% | ||
| Q1 25 | 42.4% | 0.2% | ||
| Q4 24 | 181.2% | 17.3% | ||
| Q3 24 | 52.6% | 8.9% | ||
| Q2 24 | 41.7% | -5.0% | ||
| Q1 24 | 45.2% | 6.6% |
| Q4 25 | 20.7% | 2.9% | ||
| Q3 25 | 6.5% | 3.4% | ||
| Q2 25 | 3.2% | 2.9% | ||
| Q1 25 | 3.0% | 4.3% | ||
| Q4 24 | 9.8% | 4.0% | ||
| Q3 24 | 2.0% | 1.2% | ||
| Q2 24 | 1.9% | 1.0% | ||
| Q1 24 | 2.7% | 1.3% |
| Q4 25 | 14.79× | 5.39× | ||
| Q3 25 | 5.44× | 4.32× | ||
| Q2 25 | 4.10× | 8.39× | ||
| Q1 25 | 6.59× | 1.17× | ||
| Q4 24 | 21.70× | 3.94× | ||
| Q3 24 | 5.65× | 9.70× | ||
| Q2 24 | 4.88× | -0.79× | ||
| Q1 24 | 1.59× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
