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

Priority Technology Holdings, Inc. is the larger business by last-quarter revenue ($247.1M vs $187.0M, roughly 1.3× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 3.6%, a 8.6% gap on every dollar of revenue. On growth, Priority Technology Holdings, Inc. posted the faster year-over-year revenue change (8.8% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $30.9M). Over the past eight quarters, Priority Technology Holdings, Inc.'s revenue compounded faster (9.6% 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.

Information technology (IT) is the study or use of computers, telecommunication systems and other devices to create, process, store, retrieve and transmit information. While the term is commonly used to refer to computers and computer networks, it also encompasses other information distribution technologies such as television and telephones. Information technology is an application of computer science and computer engineering.

NSA vs PRTH — Head-to-Head

Bigger by revenue
PRTH
PRTH
1.3× larger
PRTH
$247.1M
$187.0M
NSA
Growing faster (revenue YoY)
PRTH
PRTH
+10.5% gap
PRTH
8.8%
-1.6%
NSA
Higher net margin
NSA
NSA
8.6% more per $
NSA
12.2%
3.6%
PRTH
More free cash flow
NSA
NSA
$268.9M more FCF
NSA
$299.8M
$30.9M
PRTH
Faster 2-yr revenue CAGR
PRTH
PRTH
Annualised
PRTH
9.6%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSA
NSA
PRTH
PRTH
Revenue
$187.0M
$247.1M
Net Profit
$22.9M
$8.9M
Gross Margin
72.5%
Operating Margin
20.2%
13.6%
Net Margin
12.2%
3.6%
Revenue YoY
-1.6%
8.8%
Net Profit YoY
36.8%
23.9%
EPS (diluted)
$0.23
$0.10

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
PRTH
PRTH
Q4 25
$187.0M
$247.1M
Q3 25
$188.7M
$241.4M
Q2 25
$188.8M
$239.8M
Q1 25
$188.4M
$224.6M
Q4 24
$190.1M
$227.1M
Q3 24
$193.6M
$227.0M
Q2 24
$190.4M
$219.9M
Q1 24
$196.1M
$205.7M
Net Profit
NSA
NSA
PRTH
PRTH
Q4 25
$22.9M
$8.9M
Q3 25
$18.4M
$27.6M
Q2 25
$19.5M
$10.9M
Q1 25
$13.0M
$8.3M
Q4 24
$16.7M
$7.2M
Q3 24
$18.7M
$10.6M
Q2 24
$17.1M
$994.0K
Q1 24
$59.0M
$5.2M
Gross Margin
NSA
NSA
PRTH
PRTH
Q4 25
72.5%
Q3 25
70.7%
Q2 25
70.5%
Q1 25
70.7%
Q4 24
72.5%
Q3 24
72.8%
Q2 24
72.6%
Q1 24
72.1%
Operating Margin
NSA
NSA
PRTH
PRTH
Q4 25
20.2%
13.6%
Q3 25
15.8%
15.6%
Q2 25
16.5%
15.6%
Q1 25
11.0%
14.5%
Q4 24
14.5%
15.0%
Q3 24
15.8%
16.8%
Q2 24
17.2%
15.1%
Q1 24
48.9%
13.6%
Net Margin
NSA
NSA
PRTH
PRTH
Q4 25
12.2%
3.6%
Q3 25
9.8%
11.4%
Q2 25
10.3%
4.5%
Q1 25
6.9%
3.7%
Q4 24
8.8%
3.2%
Q3 24
9.7%
4.7%
Q2 24
9.0%
0.5%
Q1 24
30.1%
2.5%
EPS (diluted)
NSA
NSA
PRTH
PRTH
Q4 25
$0.23
$0.10
Q3 25
$0.17
$0.34
Q2 25
$0.19
$0.14
Q1 25
$0.10
$0.10
Q4 24
$0.19
$-0.05
Q3 24
$0.18
$0.07
Q2 24
$0.16
$-0.23
Q1 24
$0.65
$-0.10

Balance Sheet & Financial Strength

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

Metric
NSA
NSA
PRTH
PRTH
Cash + ST InvestmentsLiquidity on hand
$23.3M
$77.2M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$946.0M
$-100.4M
Total Assets
$5.1B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
PRTH
PRTH
Q4 25
$23.3M
$77.2M
Q3 25
$26.3M
$57.0M
Q2 25
$26.1M
$50.6M
Q1 25
$19.3M
$47.6M
Q4 24
$50.4M
$58.6M
Q3 24
$69.9M
$41.1M
Q2 24
$59.0M
$34.6M
Q1 24
$64.2M
$34.3M
Total Debt
NSA
NSA
PRTH
PRTH
Q4 25
$1.0B
Q3 25
$997.5M
Q2 25
$917.0M
Q1 25
$918.9M
Q4 24
$920.9M
Q3 24
$808.1M
Q2 24
$809.0M
Q1 24
$631.4M
Stockholders' Equity
NSA
NSA
PRTH
PRTH
Q4 25
$946.0M
$-100.4M
Q3 25
$973.1M
$-110.3M
Q2 25
$1.0B
$-146.1M
Q1 25
$1.0B
$-158.3M
Q4 24
$1.1B
$-166.8M
Q3 24
$986.9M
$-165.8M
Q2 24
$1.2B
$-172.1M
Q1 24
$1.3B
$-159.9M
Total Assets
NSA
NSA
PRTH
PRTH
Q4 25
$5.1B
$2.4B
Q3 25
$5.1B
$2.2B
Q2 25
$5.2B
$2.0B
Q1 25
$5.3B
$1.9B
Q4 24
$5.4B
$1.8B
Q3 24
$5.4B
$1.8B
Q2 24
$5.3B
$1.7B
Q1 24
$5.4B
$1.6B

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
PRTH
PRTH
Operating Cash FlowLast quarter
$338.5M
$36.8M
Free Cash FlowOCF − Capex
$299.8M
$30.9M
FCF MarginFCF / Revenue
160.3%
12.5%
Capex IntensityCapex / Revenue
20.7%
2.4%
Cash ConversionOCF / Net Profit
14.79×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$541.5M
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
PRTH
PRTH
Q4 25
$338.5M
$36.8M
Q3 25
$100.2M
$36.1M
Q2 25
$79.9M
$17.1M
Q1 25
$85.6M
$10.0M
Q4 24
$363.1M
$23.8M
Q3 24
$105.7M
$19.8M
Q2 24
$83.2M
$28.7M
Q1 24
$94.0M
$13.3M
Free Cash Flow
NSA
NSA
PRTH
PRTH
Q4 25
$299.8M
$30.9M
Q3 25
$88.0M
$30.1M
Q2 25
$73.8M
$9.2M
Q1 25
$79.9M
$4.9M
Q4 24
$344.4M
$19.1M
Q3 24
$101.8M
$14.5M
Q2 24
$79.5M
$23.6M
Q1 24
$88.6M
$6.7M
FCF Margin
NSA
NSA
PRTH
PRTH
Q4 25
160.3%
12.5%
Q3 25
46.6%
12.5%
Q2 25
39.1%
3.8%
Q1 25
42.4%
2.2%
Q4 24
181.2%
8.4%
Q3 24
52.6%
6.4%
Q2 24
41.7%
10.7%
Q1 24
45.2%
3.3%
Capex Intensity
NSA
NSA
PRTH
PRTH
Q4 25
20.7%
2.4%
Q3 25
6.5%
2.5%
Q2 25
3.2%
3.3%
Q1 25
3.0%
2.3%
Q4 24
9.8%
2.0%
Q3 24
2.0%
2.3%
Q2 24
1.9%
2.3%
Q1 24
2.7%
3.2%
Cash Conversion
NSA
NSA
PRTH
PRTH
Q4 25
14.79×
4.12×
Q3 25
5.44×
1.31×
Q2 25
4.10×
1.57×
Q1 25
6.59×
1.20×
Q4 24
21.70×
3.29×
Q3 24
5.65×
1.87×
Q2 24
4.88×
28.87×
Q1 24
1.59×
2.56×

Financial Flow Comparison

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

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