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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and PTC THERAPEUTICS, INC. (PTCT). 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 $164.7M, roughly 1.1× PTC THERAPEUTICS, INC.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -82.0%, a 94.2% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -22.7%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-36.6M). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% CAGR vs -11.5%).

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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

NSA vs PTCT — Head-to-Head

Bigger by revenue
NSA
NSA
1.1× larger
NSA
$187.0M
$164.7M
PTCT
Growing faster (revenue YoY)
NSA
NSA
+21.1% gap
NSA
-1.6%
-22.7%
PTCT
Higher net margin
NSA
NSA
94.2% more per $
NSA
12.2%
-82.0%
PTCT
More free cash flow
NSA
NSA
$336.5M more FCF
NSA
$299.8M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
NSA
NSA
Annualised
NSA
-2.4%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSA
NSA
PTCT
PTCT
Revenue
$187.0M
$164.7M
Net Profit
$22.9M
$-135.0M
Gross Margin
72.5%
Operating Margin
20.2%
-43.3%
Net Margin
12.2%
-82.0%
Revenue YoY
-1.6%
-22.7%
Net Profit YoY
36.8%
-104.8%
EPS (diluted)
$0.23
$-1.63

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
PTCT
PTCT
Q4 25
$187.0M
$164.7M
Q3 25
$188.7M
$211.0M
Q2 25
$188.8M
$178.9M
Q1 25
$188.4M
$1.2B
Q4 24
$190.1M
$213.2M
Q3 24
$193.6M
$196.8M
Q2 24
$190.4M
$186.7M
Q1 24
$196.1M
$210.1M
Net Profit
NSA
NSA
PTCT
PTCT
Q4 25
$22.9M
$-135.0M
Q3 25
$18.4M
$15.9M
Q2 25
$19.5M
$-64.8M
Q1 25
$13.0M
$866.6M
Q4 24
$16.7M
$-65.9M
Q3 24
$18.7M
$-106.7M
Q2 24
$17.1M
$-99.2M
Q1 24
$59.0M
$-91.6M
Gross Margin
NSA
NSA
PTCT
PTCT
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
PTCT
PTCT
Q4 25
20.2%
-43.3%
Q3 25
15.8%
1.4%
Q2 25
16.5%
-19.5%
Q1 25
11.0%
82.5%
Q4 24
14.5%
-76.2%
Q3 24
15.8%
-27.7%
Q2 24
17.2%
-21.5%
Q1 24
48.9%
-21.6%
Net Margin
NSA
NSA
PTCT
PTCT
Q4 25
12.2%
-82.0%
Q3 25
9.8%
7.5%
Q2 25
10.3%
-36.3%
Q1 25
6.9%
73.7%
Q4 24
8.8%
-30.9%
Q3 24
9.7%
-54.2%
Q2 24
9.0%
-53.1%
Q1 24
30.1%
-43.6%
EPS (diluted)
NSA
NSA
PTCT
PTCT
Q4 25
$0.23
$-1.63
Q3 25
$0.17
$0.20
Q2 25
$0.19
$-0.83
Q1 25
$0.10
$10.04
Q4 24
$0.19
$-0.85
Q3 24
$0.18
$-1.39
Q2 24
$0.16
$-1.29
Q1 24
$0.65
$-1.20

Balance Sheet & Financial Strength

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

Metric
NSA
NSA
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$23.3M
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$946.0M
$-205.3M
Total Assets
$5.1B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
PTCT
PTCT
Q4 25
$23.3M
$1.9B
Q3 25
$26.3M
$1.7B
Q2 25
$26.1M
$2.0B
Q1 25
$19.3M
$2.0B
Q4 24
$50.4M
$1.1B
Q3 24
$69.9M
$1.0B
Q2 24
$59.0M
$1.1B
Q1 24
$64.2M
$884.8M
Stockholders' Equity
NSA
NSA
PTCT
PTCT
Q4 25
$946.0M
$-205.3M
Q3 25
$973.1M
$-155.8M
Q2 25
$1.0B
$-206.5M
Q1 25
$1.0B
$-185.8M
Q4 24
$1.1B
$-1.1B
Q3 24
$986.9M
$-1.1B
Q2 24
$1.2B
$-980.2M
Q1 24
$1.3B
$-893.9M
Total Assets
NSA
NSA
PTCT
PTCT
Q4 25
$5.1B
$2.9B
Q3 25
$5.1B
$2.6B
Q2 25
$5.2B
$2.6B
Q1 25
$5.3B
$2.7B
Q4 24
$5.4B
$1.7B
Q3 24
$5.4B
$1.8B
Q2 24
$5.3B
$1.9B
Q1 24
$5.4B
$1.8B

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
PTCT
PTCT
Operating Cash FlowLast quarter
$338.5M
$-34.3M
Free Cash FlowOCF − Capex
$299.8M
$-36.6M
FCF MarginFCF / Revenue
160.3%
-22.3%
Capex IntensityCapex / Revenue
20.7%
1.4%
Cash ConversionOCF / Net Profit
14.79×
TTM Free Cash FlowTrailing 4 quarters
$541.5M
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
PTCT
PTCT
Q4 25
$338.5M
$-34.3M
Q3 25
$100.2M
$-66.3M
Q2 25
$79.9M
$-58.3M
Q1 25
$85.6M
$870.1M
Q4 24
$363.1M
$-30.0M
Q3 24
$105.7M
$-77.0M
Q2 24
$83.2M
$-71.5M
Q1 24
$94.0M
$70.8M
Free Cash Flow
NSA
NSA
PTCT
PTCT
Q4 25
$299.8M
$-36.6M
Q3 25
$88.0M
$-69.7M
Q2 25
$73.8M
$-59.6M
Q1 25
$79.9M
$868.4M
Q4 24
$344.4M
$-33.8M
Q3 24
$101.8M
$-77.5M
Q2 24
$79.5M
$-78.8M
Q1 24
$88.6M
$61.2M
FCF Margin
NSA
NSA
PTCT
PTCT
Q4 25
160.3%
-22.3%
Q3 25
46.6%
-33.1%
Q2 25
39.1%
-33.3%
Q1 25
42.4%
73.8%
Q4 24
181.2%
-15.8%
Q3 24
52.6%
-39.4%
Q2 24
41.7%
-42.2%
Q1 24
45.2%
29.1%
Capex Intensity
NSA
NSA
PTCT
PTCT
Q4 25
20.7%
1.4%
Q3 25
6.5%
1.6%
Q2 25
3.2%
0.7%
Q1 25
3.0%
0.1%
Q4 24
9.8%
1.8%
Q3 24
2.0%
0.3%
Q2 24
1.9%
4.0%
Q1 24
2.7%
4.6%
Cash Conversion
NSA
NSA
PTCT
PTCT
Q4 25
14.79×
Q3 25
5.44×
-4.17×
Q2 25
4.10×
Q1 25
6.59×
1.00×
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.

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