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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $187.0M, roughly 1.1× National Storage Affiliates Trust). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 12.2%, a 6.6% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -1.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
NSA vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $212.2M |
| Net Profit | $22.9M | $39.9M |
| Gross Margin | 72.5% | 71.9% |
| Operating Margin | 20.2% | 18.6% |
| Net Margin | 12.2% | 18.8% |
| Revenue YoY | -1.6% | 8.6% |
| Net Profit YoY | 36.8% | 255.7% |
| 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 | $212.2M | ||
| Q3 25 | $188.7M | $199.8M | ||
| Q2 25 | $188.8M | $194.8M | ||
| Q1 25 | $188.4M | $188.7M | ||
| Q4 24 | $190.1M | $195.4M | ||
| Q3 24 | $193.6M | $185.5M | ||
| Q2 24 | $190.4M | $176.0M | ||
| Q1 24 | $196.1M | $171.9M |
| Q4 25 | $22.9M | $39.9M | ||
| Q3 25 | $18.4M | $27.4M | ||
| Q2 25 | $19.5M | $7.7M | ||
| Q1 25 | $13.0M | $-6.3M | ||
| Q4 24 | $16.7M | $11.2M | ||
| Q3 24 | $18.7M | $1.7M | ||
| Q2 24 | $17.1M | $-7.5M | ||
| Q1 24 | $59.0M | $-5.4M |
| Q4 25 | 72.5% | 71.9% | ||
| Q3 25 | 70.7% | 70.2% | ||
| Q2 25 | 70.5% | 70.1% | ||
| Q1 25 | 70.7% | 69.3% | ||
| Q4 24 | 72.5% | 71.9% | ||
| Q3 24 | 72.8% | 72.4% | ||
| Q2 24 | 72.6% | 70.6% | ||
| Q1 24 | 72.1% | 72.2% |
| Q4 25 | 20.2% | 18.6% | ||
| Q3 25 | 15.8% | 10.7% | ||
| Q2 25 | 16.5% | 3.7% | ||
| Q1 25 | 11.0% | -6.1% | ||
| Q4 24 | 14.5% | 7.5% | ||
| Q3 24 | 15.8% | 4.0% | ||
| Q2 24 | 17.2% | -3.0% | ||
| Q1 24 | 48.9% | -8.3% |
| Q4 25 | 12.2% | 18.8% | ||
| Q3 25 | 9.8% | 13.7% | ||
| Q2 25 | 10.3% | 4.0% | ||
| Q1 25 | 6.9% | -3.3% | ||
| Q4 24 | 8.8% | 5.7% | ||
| Q3 24 | 9.7% | 0.9% | ||
| Q2 24 | 9.0% | -4.3% | ||
| Q1 24 | 30.1% | -3.1% |
| Q4 25 | $0.23 | $0.62 | ||
| Q3 25 | $0.17 | $0.42 | ||
| Q2 25 | $0.19 | $0.12 | ||
| Q1 25 | $0.10 | $-0.10 | ||
| Q4 24 | $0.19 | $0.17 | ||
| Q3 24 | $0.18 | $0.03 | ||
| Q2 24 | $0.16 | $-0.11 | ||
| Q1 24 | $0.65 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $962.3M |
| Total Assets | $5.1B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $403.4M | ||
| Q3 25 | $26.3M | $376.9M | ||
| Q2 25 | $26.1M | $371.1M | ||
| Q1 25 | $19.3M | $420.8M | ||
| Q4 24 | $50.4M | $384.3M | ||
| Q3 24 | $69.9M | $348.4M | ||
| Q2 24 | $59.0M | $342.7M | ||
| Q1 24 | $64.2M | $368.9M |
| Q4 25 | $946.0M | $962.3M | ||
| Q3 25 | $973.1M | $943.8M | ||
| Q2 25 | $1.0B | $947.8M | ||
| Q1 25 | $1.0B | $948.9M | ||
| Q4 24 | $1.1B | $957.7M | ||
| Q3 24 | $986.9M | $932.1M | ||
| Q2 24 | $1.2B | $951.9M | ||
| Q1 24 | $1.3B | $949.1M |
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.1B | $1.2B | ||
| Q2 25 | $5.2B | $1.2B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.4B | $1.2B | ||
| Q2 24 | $5.3B | $1.2B | ||
| Q1 24 | $5.4B | $1.2B |
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% | 0.1% |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | — | ||
| Q3 25 | $100.2M | $57.4M | ||
| Q2 25 | $79.9M | $-15.8M | ||
| Q1 25 | $85.6M | — | ||
| Q4 24 | $363.1M | $45.1M | ||
| Q3 24 | $105.7M | $55.6M | ||
| Q2 24 | $83.2M | $-9.3M | ||
| Q1 24 | $94.0M | — |
| Q4 25 | $299.8M | — | ||
| Q3 25 | $88.0M | $56.8M | ||
| Q2 25 | $73.8M | $-16.2M | ||
| Q1 25 | $79.9M | — | ||
| Q4 24 | $344.4M | $44.8M | ||
| Q3 24 | $101.8M | $55.4M | ||
| Q2 24 | $79.5M | $-9.6M | ||
| Q1 24 | $88.6M | — |
| Q4 25 | 160.3% | — | ||
| Q3 25 | 46.6% | 28.4% | ||
| Q2 25 | 39.1% | -8.3% | ||
| Q1 25 | 42.4% | — | ||
| Q4 24 | 181.2% | 22.9% | ||
| Q3 24 | 52.6% | 29.8% | ||
| Q2 24 | 41.7% | -5.4% | ||
| Q1 24 | 45.2% | — |
| Q4 25 | 20.7% | 0.1% | ||
| Q3 25 | 6.5% | 0.3% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 9.8% | 0.1% | ||
| Q3 24 | 2.0% | 0.1% | ||
| Q2 24 | 1.9% | 0.1% | ||
| Q1 24 | 2.7% | 1.0% |
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | 2.09× | ||
| Q2 25 | 4.10× | -2.04× | ||
| Q1 25 | 6.59× | — | ||
| Q4 24 | 21.70× | 4.02× | ||
| Q3 24 | 5.65× | 32.10× | ||
| Q2 24 | 4.88× | — | ||
| Q1 24 | 1.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
