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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $187.0M, roughly 1.8× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -39.4%, a 51.6% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $43.3M). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% 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.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
NSA vs SEDG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $335.4M |
| Net Profit | $22.9M | $-132.1M |
| Gross Margin | 72.5% | 22.2% |
| Operating Margin | 20.2% | -14.4% |
| Net Margin | 12.2% | -39.4% |
| Revenue YoY | -1.6% | 70.9% |
| Net Profit YoY | 36.8% | 54.0% |
| EPS (diluted) | $0.23 | $-2.21 |
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 | $335.4M | ||
| Q3 25 | $188.7M | $340.2M | ||
| Q2 25 | $188.8M | $289.4M | ||
| Q1 25 | $188.4M | $219.5M | ||
| Q4 24 | $190.1M | $196.2M | ||
| Q3 24 | $193.6M | $235.4M | ||
| Q2 24 | $190.4M | $265.4M | ||
| Q1 24 | $196.1M | $204.4M |
| Q4 25 | $22.9M | $-132.1M | ||
| Q3 25 | $18.4M | $-50.1M | ||
| Q2 25 | $19.5M | $-124.7M | ||
| Q1 25 | $13.0M | $-98.5M | ||
| Q4 24 | $16.7M | $-287.4M | ||
| Q3 24 | $18.7M | $-1.2B | ||
| Q2 24 | $17.1M | $-130.8M | ||
| Q1 24 | $59.0M | $-157.3M |
| Q4 25 | 72.5% | 22.2% | ||
| Q3 25 | 70.7% | 21.2% | ||
| Q2 25 | 70.5% | 11.1% | ||
| Q1 25 | 70.7% | 8.0% | ||
| Q4 24 | 72.5% | -57.2% | ||
| Q3 24 | 72.8% | -309.1% | ||
| Q2 24 | 72.6% | -4.1% | ||
| Q1 24 | 72.1% | -12.8% |
| Q4 25 | 20.2% | -14.4% | ||
| Q3 25 | 15.8% | -10.3% | ||
| Q2 25 | 16.5% | -39.9% | ||
| Q1 25 | 11.0% | -46.8% | ||
| Q4 24 | 14.5% | -134.4% | ||
| Q3 24 | 15.8% | -471.8% | ||
| Q2 24 | 17.2% | -60.4% | ||
| Q1 24 | 48.9% | -85.0% |
| Q4 25 | 12.2% | -39.4% | ||
| Q3 25 | 9.8% | -14.7% | ||
| Q2 25 | 10.3% | -43.1% | ||
| Q1 25 | 6.9% | -44.9% | ||
| Q4 24 | 8.8% | -146.5% | ||
| Q3 24 | 9.7% | -522.8% | ||
| Q2 24 | 9.0% | -49.3% | ||
| Q1 24 | 30.1% | -77.0% |
| Q4 25 | $0.23 | $-2.21 | ||
| Q3 25 | $0.17 | $-0.84 | ||
| Q2 25 | $0.19 | $-2.13 | ||
| Q1 25 | $0.10 | $-1.70 | ||
| Q4 24 | $0.19 | $-5.00 | ||
| Q3 24 | $0.18 | $-21.58 | ||
| Q2 24 | $0.16 | $-2.31 | ||
| Q1 24 | $0.65 | $-2.75 |
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 | $493.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $427.5M |
| Total Assets | $5.1B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $493.2M | ||
| Q3 25 | $26.3M | $498.6M | ||
| Q2 25 | $26.1M | $758.0M | ||
| Q1 25 | $19.3M | $651.6M | ||
| Q4 24 | $50.4M | $585.9M | ||
| Q3 24 | $69.9M | $678.8M | ||
| Q2 24 | $59.0M | $689.8M | ||
| Q1 24 | $64.2M | $680.6M |
| Q4 25 | $946.0M | $427.5M | ||
| Q3 25 | $973.1M | $479.8M | ||
| Q2 25 | $1.0B | $513.2M | ||
| Q1 25 | $1.0B | $594.2M | ||
| Q4 24 | $1.1B | $658.3M | ||
| Q3 24 | $986.9M | $930.9M | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.3B | $2.2B |
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $5.1B | $2.2B | ||
| Q2 25 | $5.2B | $2.5B | ||
| Q1 25 | $5.3B | $2.5B | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $5.4B | $2.8B | ||
| Q2 24 | $5.3B | $3.9B | ||
| Q1 24 | $5.4B | $4.2B |
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 | $52.6M |
| Free Cash FlowOCF − Capex | $299.8M | $43.3M |
| FCF MarginFCF / Revenue | 160.3% | 12.9% |
| Capex IntensityCapex / Revenue | 20.7% | 2.8% |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $52.6M | ||
| Q3 25 | $100.2M | $25.6M | ||
| Q2 25 | $79.9M | $-7.8M | ||
| Q1 25 | $85.6M | $33.8M | ||
| Q4 24 | $363.1M | $37.8M | ||
| Q3 24 | $105.7M | $-89.3M | ||
| Q2 24 | $83.2M | $-44.8M | ||
| Q1 24 | $94.0M | $-217.0M |
| Q4 25 | $299.8M | $43.3M | ||
| Q3 25 | $88.0M | $22.8M | ||
| Q2 25 | $73.8M | $-9.1M | ||
| Q1 25 | $79.9M | $23.7M | ||
| Q4 24 | $344.4M | $25.5M | ||
| Q3 24 | $101.8M | $-136.7M | ||
| Q2 24 | $79.5M | $-67.0M | ||
| Q1 24 | $88.6M | $-243.4M |
| Q4 25 | 160.3% | 12.9% | ||
| Q3 25 | 46.6% | 6.7% | ||
| Q2 25 | 39.1% | -3.1% | ||
| Q1 25 | 42.4% | 10.8% | ||
| Q4 24 | 181.2% | 13.0% | ||
| Q3 24 | 52.6% | -58.1% | ||
| Q2 24 | 41.7% | -25.2% | ||
| Q1 24 | 45.2% | -119.1% |
| Q4 25 | 20.7% | 2.8% | ||
| Q3 25 | 6.5% | 0.8% | ||
| Q2 25 | 3.2% | 0.4% | ||
| Q1 25 | 3.0% | 4.6% | ||
| Q4 24 | 9.8% | 6.2% | ||
| Q3 24 | 2.0% | 20.1% | ||
| Q2 24 | 1.9% | 8.4% | ||
| Q1 24 | 2.7% | 12.9% |
| 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.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
