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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and QUHUO Ltd (QH). 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 $157.9M, roughly 1.2× QUHUO Ltd).

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.

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

NSA vs QH — Head-to-Head

Bigger by revenue
NSA
NSA
1.2× larger
NSA
$187.0M
$157.9M
QH

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NSA
NSA
QH
QH
Revenue
$187.0M
$157.9M
Net Profit
$22.9M
Gross Margin
72.5%
Operating Margin
20.2%
Net Margin
12.2%
Revenue YoY
-1.6%
Net Profit YoY
36.8%
EPS (diluted)
$0.23

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
QH
QH
Q4 25
$187.0M
Q3 25
$188.7M
Q2 25
$188.8M
$157.9M
Q1 25
$188.4M
Q4 24
$190.1M
Q3 24
$193.6M
Q2 24
$190.4M
$222.9M
Q1 24
$196.1M
Net Profit
NSA
NSA
QH
QH
Q4 25
$22.9M
Q3 25
$18.4M
Q2 25
$19.5M
Q1 25
$13.0M
Q4 24
$16.7M
Q3 24
$18.7M
Q2 24
$17.1M
$-6.4M
Q1 24
$59.0M
Gross Margin
NSA
NSA
QH
QH
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%
1.5%
Q1 24
72.1%
Operating Margin
NSA
NSA
QH
QH
Q4 25
20.2%
Q3 25
15.8%
Q2 25
16.5%
Q1 25
11.0%
Q4 24
14.5%
Q3 24
15.8%
Q2 24
17.2%
-2.7%
Q1 24
48.9%
Net Margin
NSA
NSA
QH
QH
Q4 25
12.2%
Q3 25
9.8%
Q2 25
10.3%
Q1 25
6.9%
Q4 24
8.8%
Q3 24
9.7%
Q2 24
9.0%
-2.9%
Q1 24
30.1%
EPS (diluted)
NSA
NSA
QH
QH
Q4 25
$0.23
Q3 25
$0.17
Q2 25
$0.19
Q1 25
$0.10
Q4 24
$0.19
Q3 24
$0.18
Q2 24
$0.16
Q1 24
$0.65

Balance Sheet & Financial Strength

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

Metric
NSA
NSA
QH
QH
Cash + ST InvestmentsLiquidity on hand
$23.3M
$4.3M
Total DebtLower is stronger
$858.0K
Stockholders' EquityBook value
$946.0M
$57.4M
Total Assets
$5.1B
$118.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
QH
QH
Q4 25
$23.3M
Q3 25
$26.3M
Q2 25
$26.1M
$4.3M
Q1 25
$19.3M
Q4 24
$50.4M
Q3 24
$69.9M
Q2 24
$59.0M
$14.3M
Q1 24
$64.2M
Total Debt
NSA
NSA
QH
QH
Q4 25
Q3 25
Q2 25
$858.0K
Q1 25
Q4 24
Q3 24
Q2 24
$1.2M
Q1 24
Stockholders' Equity
NSA
NSA
QH
QH
Q4 25
$946.0M
Q3 25
$973.1M
Q2 25
$1.0B
$57.4M
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$986.9M
Q2 24
$1.2B
$64.6M
Q1 24
$1.3B
Total Assets
NSA
NSA
QH
QH
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
$118.4M
Q1 25
$5.3B
Q4 24
$5.4B
Q3 24
$5.4B
Q2 24
$5.3B
$135.0M
Q1 24
$5.4B
Debt / Equity
NSA
NSA
QH
QH
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
Q1 24

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
QH
QH
Operating Cash FlowLast quarter
$338.5M
$-5.8M
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.

Operating Cash Flow
NSA
NSA
QH
QH
Q4 25
$338.5M
Q3 25
$100.2M
Q2 25
$79.9M
$-5.8M
Q1 25
$85.6M
Q4 24
$363.1M
Q3 24
$105.7M
Q2 24
$83.2M
Q1 24
$94.0M
Free Cash Flow
NSA
NSA
QH
QH
Q4 25
$299.8M
Q3 25
$88.0M
Q2 25
$73.8M
Q1 25
$79.9M
Q4 24
$344.4M
Q3 24
$101.8M
Q2 24
$79.5M
Q1 24
$88.6M
FCF Margin
NSA
NSA
QH
QH
Q4 25
160.3%
Q3 25
46.6%
Q2 25
39.1%
Q1 25
42.4%
Q4 24
181.2%
Q3 24
52.6%
Q2 24
41.7%
Q1 24
45.2%
Capex Intensity
NSA
NSA
QH
QH
Q4 25
20.7%
Q3 25
6.5%
Q2 25
3.2%
Q1 25
3.0%
Q4 24
9.8%
Q3 24
2.0%
Q2 24
1.9%
Q1 24
2.7%
Cash Conversion
NSA
NSA
QH
QH
Q4 25
14.79×
Q3 25
5.44×
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.

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