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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Porch Group, Inc. (PRCH). 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 $121.1M, roughly 1.5× Porch Group, Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -3.9%, a 16.1% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs -1.6%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
NSA vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $121.1M |
| Net Profit | $22.9M | $-4.7M |
| Gross Margin | 72.5% | 52.7% |
| Operating Margin | 20.2% | 34.7% |
| Net Margin | 12.2% | -3.9% |
| Revenue YoY | -1.6% | 100.0% |
| Net Profit YoY | 36.8% | 2.0% |
| EPS (diluted) | $0.23 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $187.0M | $112.3M | ||
| Q3 25 | $188.7M | $115.1M | ||
| Q2 25 | $188.8M | $107.0M | ||
| Q1 25 | $188.4M | $84.5M | ||
| Q4 24 | $190.1M | $75.3M | ||
| Q3 24 | $193.6M | $77.7M | ||
| Q2 24 | $190.4M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $22.9M | $-3.5M | ||
| Q3 25 | $18.4M | $-10.9M | ||
| Q2 25 | $19.5M | $2.6M | ||
| Q1 25 | $13.0M | $8.4M | ||
| Q4 24 | $16.7M | $30.5M | ||
| Q3 24 | $18.7M | $14.4M | ||
| Q2 24 | $17.1M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 72.5% | 99.5% | ||
| Q3 25 | 70.7% | 75.6% | ||
| Q2 25 | 70.5% | 70.9% | ||
| Q1 25 | 70.7% | 77.4% | ||
| Q4 24 | 72.5% | — | ||
| Q3 24 | 72.8% | 79.4% | ||
| Q2 24 | 72.6% | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 20.2% | 14.7% | ||
| Q3 25 | 15.8% | 14.2% | ||
| Q2 25 | 16.5% | 4.7% | ||
| Q1 25 | 11.0% | -1.5% | ||
| Q4 24 | 14.5% | 33.3% | ||
| Q3 24 | 15.8% | -3.2% | ||
| Q2 24 | 17.2% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 12.2% | -3.1% | ||
| Q3 25 | 9.8% | -9.4% | ||
| Q2 25 | 10.3% | 2.4% | ||
| Q1 25 | 6.9% | 9.9% | ||
| Q4 24 | 8.8% | 40.5% | ||
| Q3 24 | 9.7% | 18.5% | ||
| Q2 24 | 9.0% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.23 | $0.00 | ||
| Q3 25 | $0.17 | $-0.10 | ||
| Q2 25 | $0.19 | $0.00 | ||
| Q1 25 | $0.10 | $0.07 | ||
| Q4 24 | $0.19 | $0.34 | ||
| Q3 24 | $0.18 | $0.12 | ||
| Q2 24 | $0.16 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | — | $391.3M |
| Stockholders' EquityBook value | $946.0M | $26.3M |
| Total Assets | $5.1B | $806.6M |
| Debt / EquityLower = less leverage | — | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $23.3M | $57.3M | ||
| Q3 25 | $26.3M | $85.0M | ||
| Q2 25 | $26.1M | $79.8M | ||
| Q1 25 | $19.3M | $70.4M | ||
| Q4 24 | $50.4M | $191.7M | ||
| Q3 24 | $69.9M | $238.6M | ||
| Q2 24 | $59.0M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | — | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | — | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $946.0M | $-24.6M | ||
| Q3 25 | $973.1M | $-27.9M | ||
| Q2 25 | $1.0B | $-29.3M | ||
| Q1 25 | $1.0B | $-52.4M | ||
| Q4 24 | $1.1B | $-43.2M | ||
| Q3 24 | $986.9M | $-77.0M | ||
| Q2 24 | $1.2B | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $5.1B | $797.4M | ||
| Q3 25 | $5.1B | $787.7M | ||
| Q2 25 | $5.2B | $770.7M | ||
| Q1 25 | $5.3B | $802.3M | ||
| Q4 24 | $5.4B | $814.0M | ||
| Q3 24 | $5.4B | $867.3M | ||
| Q2 24 | $5.3B | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $299.8M | — |
| FCF MarginFCF / Revenue | 160.3% | — |
| Capex IntensityCapex / Revenue | 20.7% | — |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $338.5M | $1.2M | ||
| Q3 25 | $100.2M | $40.8M | ||
| Q2 25 | $79.9M | $35.6M | ||
| Q1 25 | $85.6M | $-11.2M | ||
| Q4 24 | $363.1M | $-26.6M | ||
| Q3 24 | $105.7M | $12.4M | ||
| Q2 24 | $83.2M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $299.8M | $1.1M | ||
| Q3 25 | $88.0M | $40.7M | ||
| Q2 25 | $73.8M | $35.4M | ||
| Q1 25 | $79.9M | $-11.2M | ||
| Q4 24 | $344.4M | $-26.8M | ||
| Q3 24 | $101.8M | $12.2M | ||
| Q2 24 | $79.5M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 160.3% | 1.0% | ||
| Q3 25 | 46.6% | 35.4% | ||
| Q2 25 | 39.1% | 33.0% | ||
| Q1 25 | 42.4% | -13.3% | ||
| Q4 24 | 181.2% | -35.6% | ||
| Q3 24 | 52.6% | 15.7% | ||
| Q2 24 | 41.7% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 0.1% | ||
| Q3 25 | 6.5% | 0.1% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 3.0% | 0.1% | ||
| Q4 24 | 9.8% | 0.3% | ||
| Q3 24 | 2.0% | 0.3% | ||
| Q2 24 | 1.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | 13.79× | ||
| Q1 25 | 6.59× | -1.33× | ||
| Q4 24 | 21.70× | -0.87× | ||
| Q3 24 | 5.65× | 0.86× | ||
| Q2 24 | 4.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
