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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and SunCar Technology Group Inc. (SDA). 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 $119.7M, roughly 1.6× SunCar Technology Group Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -1.6%, a 13.8% gap on every dollar of revenue. National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $3.0K).

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.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

NSA vs SDA — Head-to-Head

Bigger by revenue
NSA
NSA
1.6× larger
NSA
$187.0M
$119.7M
SDA
Higher net margin
NSA
NSA
13.8% more per $
NSA
12.2%
-1.6%
SDA
More free cash flow
NSA
NSA
$299.8M more FCF
NSA
$299.8M
$3.0K
SDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NSA
NSA
SDA
SDA
Revenue
$187.0M
$119.7M
Net Profit
$22.9M
$-1.9M
Gross Margin
72.5%
Operating Margin
20.2%
1.5%
Net Margin
12.2%
-1.6%
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
SDA
SDA
Q4 25
$187.0M
Q3 25
$188.7M
Q2 25
$188.8M
$119.7M
Q1 25
$188.4M
$102.6M
Q4 24
$190.1M
Q3 24
$193.6M
$109.6M
Q2 24
$190.4M
Q1 24
$196.1M
Net Profit
NSA
NSA
SDA
SDA
Q4 25
$22.9M
Q3 25
$18.4M
Q2 25
$19.5M
$-1.9M
Q1 25
$13.0M
$-3.6M
Q4 24
$16.7M
Q3 24
$18.7M
$-2.2M
Q2 24
$17.1M
Q1 24
$59.0M
Gross Margin
NSA
NSA
SDA
SDA
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
SDA
SDA
Q4 25
20.2%
Q3 25
15.8%
Q2 25
16.5%
1.5%
Q1 25
11.0%
-2.9%
Q4 24
14.5%
Q3 24
15.8%
0.2%
Q2 24
17.2%
Q1 24
48.9%
Net Margin
NSA
NSA
SDA
SDA
Q4 25
12.2%
Q3 25
9.8%
Q2 25
10.3%
-1.6%
Q1 25
6.9%
-3.6%
Q4 24
8.8%
Q3 24
9.7%
-2.0%
Q2 24
9.0%
Q1 24
30.1%
EPS (diluted)
NSA
NSA
SDA
SDA
Q4 25
$0.23
Q3 25
$0.17
Q2 25
$0.19
Q1 25
$0.10
$-0.03
Q4 24
$0.19
Q3 24
$0.18
$-0.01
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
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$23.3M
$45.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$946.0M
$29.4M
Total Assets
$5.1B
$277.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
SDA
SDA
Q4 25
$23.3M
Q3 25
$26.3M
Q2 25
$26.1M
$45.7M
Q1 25
$19.3M
$60.5M
Q4 24
$50.4M
Q3 24
$69.9M
$42.0M
Q2 24
$59.0M
Q1 24
$64.2M
Stockholders' Equity
NSA
NSA
SDA
SDA
Q4 25
$946.0M
Q3 25
$973.1M
Q2 25
$1.0B
$29.4M
Q1 25
$1.0B
$34.8M
Q4 24
$1.1B
Q3 24
$986.9M
$17.7M
Q2 24
$1.2B
Q1 24
$1.3B
Total Assets
NSA
NSA
SDA
SDA
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
$277.5M
Q1 25
$5.3B
$276.7M
Q4 24
$5.4B
Q3 24
$5.4B
$252.1M
Q2 24
$5.3B
Q1 24
$5.4B

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
SDA
SDA
Operating Cash FlowLast quarter
$338.5M
$9.0K
Free Cash FlowOCF − Capex
$299.8M
$3.0K
FCF MarginFCF / Revenue
160.3%
0.0%
Capex IntensityCapex / Revenue
20.7%
0.0%
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
SDA
SDA
Q4 25
$338.5M
Q3 25
$100.2M
Q2 25
$79.9M
$9.0K
Q1 25
$85.6M
$-9.3M
Q4 24
$363.1M
Q3 24
$105.7M
$3.8M
Q2 24
$83.2M
Q1 24
$94.0M
Free Cash Flow
NSA
NSA
SDA
SDA
Q4 25
$299.8M
Q3 25
$88.0M
Q2 25
$73.8M
$3.0K
Q1 25
$79.9M
$-9.3M
Q4 24
$344.4M
Q3 24
$101.8M
$3.5M
Q2 24
$79.5M
Q1 24
$88.6M
FCF Margin
NSA
NSA
SDA
SDA
Q4 25
160.3%
Q3 25
46.6%
Q2 25
39.1%
0.0%
Q1 25
42.4%
-9.0%
Q4 24
181.2%
Q3 24
52.6%
3.2%
Q2 24
41.7%
Q1 24
45.2%
Capex Intensity
NSA
NSA
SDA
SDA
Q4 25
20.7%
Q3 25
6.5%
Q2 25
3.2%
0.0%
Q1 25
3.0%
0.0%
Q4 24
9.8%
Q3 24
2.0%
0.3%
Q2 24
1.9%
Q1 24
2.7%
Cash Conversion
NSA
NSA
SDA
SDA
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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