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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and SITIME Corp (SITM). 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 $113.3M, roughly 1.7× SITIME Corp). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 8.1%, a 4.1% gap on every dollar of revenue. On growth, SITIME Corp posted the faster year-over-year revenue change (66.3% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $13.0M). Over the past eight quarters, SITIME Corp's revenue compounded faster (85.2% 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.

SiTime Corporation is a publicly traded fabless chipmaker based in Santa Clara, California that develops micro-electromechanical systems (MEMS), used for timing devices in electronics.

NSA vs SITM — Head-to-Head

Bigger by revenue
NSA
NSA
1.7× larger
NSA
$187.0M
$113.3M
SITM
Growing faster (revenue YoY)
SITM
SITM
+67.9% gap
SITM
66.3%
-1.6%
NSA
Higher net margin
NSA
NSA
4.1% more per $
NSA
12.2%
8.1%
SITM
More free cash flow
NSA
NSA
$286.8M more FCF
NSA
$299.8M
$13.0M
SITM
Faster 2-yr revenue CAGR
SITM
SITM
Annualised
SITM
85.2%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSA
NSA
SITM
SITM
Revenue
$187.0M
$113.3M
Net Profit
$22.9M
$9.2M
Gross Margin
72.5%
56.4%
Operating Margin
20.2%
1.6%
Net Margin
12.2%
8.1%
Revenue YoY
-1.6%
66.3%
Net Profit YoY
36.8%
148.7%
EPS (diluted)
$0.23
$0.44

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
SITM
SITM
Q4 25
$187.0M
$113.3M
Q3 25
$188.7M
$83.6M
Q2 25
$188.8M
$69.5M
Q1 25
$188.4M
$60.3M
Q4 24
$190.1M
$68.1M
Q3 24
$193.6M
$57.7M
Q2 24
$190.4M
$43.9M
Q1 24
$196.1M
$33.0M
Net Profit
NSA
NSA
SITM
SITM
Q4 25
$22.9M
$9.2M
Q3 25
$18.4M
$-8.0M
Q2 25
$19.5M
$-20.2M
Q1 25
$13.0M
$-23.9M
Q4 24
$16.7M
$-18.8M
Q3 24
$18.7M
$-19.3M
Q2 24
$17.1M
$-26.8M
Q1 24
$59.0M
$-28.7M
Gross Margin
NSA
NSA
SITM
SITM
Q4 25
72.5%
56.4%
Q3 25
70.7%
53.5%
Q2 25
70.5%
51.9%
Q1 25
70.7%
50.3%
Q4 24
72.5%
52.6%
Q3 24
72.8%
51.1%
Q2 24
72.6%
49.1%
Q1 24
72.1%
53.5%
Operating Margin
NSA
NSA
SITM
SITM
Q4 25
20.2%
1.6%
Q3 25
15.8%
-19.2%
Q2 25
16.5%
-35.4%
Q1 25
11.0%
-46.6%
Q4 24
14.5%
-33.8%
Q3 24
15.8%
-43.1%
Q2 24
17.2%
-73.7%
Q1 24
48.9%
-106.1%
Net Margin
NSA
NSA
SITM
SITM
Q4 25
12.2%
8.1%
Q3 25
9.8%
-9.6%
Q2 25
10.3%
-29.0%
Q1 25
6.9%
-39.6%
Q4 24
8.8%
-27.6%
Q3 24
9.7%
-33.5%
Q2 24
9.0%
-61.0%
Q1 24
30.1%
-86.9%
EPS (diluted)
NSA
NSA
SITM
SITM
Q4 25
$0.23
$0.44
Q3 25
$0.17
$-0.31
Q2 25
$0.19
$-0.84
Q1 25
$0.10
$-1.01
Q4 24
$0.19
$-0.80
Q3 24
$0.18
$-0.83
Q2 24
$0.16
$-1.16
Q1 24
$0.65
$-1.26

Balance Sheet & Financial Strength

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

Metric
NSA
NSA
SITM
SITM
Cash + ST InvestmentsLiquidity on hand
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$946.0M
$1.2B
Total Assets
$5.1B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
SITM
SITM
Q4 25
$23.3M
Q3 25
$26.3M
Q2 25
$26.1M
Q1 25
$19.3M
Q4 24
$50.4M
Q3 24
$69.9M
Q2 24
$59.0M
Q1 24
$64.2M
Stockholders' Equity
NSA
NSA
SITM
SITM
Q4 25
$946.0M
$1.2B
Q3 25
$973.1M
$1.1B
Q2 25
$1.0B
$1.1B
Q1 25
$1.0B
$692.5M
Q4 24
$1.1B
$699.7M
Q3 24
$986.9M
$696.2M
Q2 24
$1.2B
$692.5M
Q1 24
$1.3B
$696.2M
Total Assets
NSA
NSA
SITM
SITM
Q4 25
$5.1B
$1.3B
Q3 25
$5.1B
$1.3B
Q2 25
$5.2B
$1.3B
Q1 25
$5.3B
$872.1M
Q4 24
$5.4B
$885.0M
Q3 24
$5.4B
$877.9M
Q2 24
$5.3B
$878.6M
Q1 24
$5.4B
$942.6M

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
SITM
SITM
Operating Cash FlowLast quarter
$338.5M
$25.4M
Free Cash FlowOCF − Capex
$299.8M
$13.0M
FCF MarginFCF / Revenue
160.3%
11.5%
Capex IntensityCapex / Revenue
20.7%
10.9%
Cash ConversionOCF / Net Profit
14.79×
2.77×
TTM Free Cash FlowTrailing 4 quarters
$541.5M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
SITM
SITM
Q4 25
$338.5M
$25.4M
Q3 25
$100.2M
$31.4M
Q2 25
$79.9M
$15.3M
Q1 25
$85.6M
$15.0M
Q4 24
$363.1M
$13.5M
Q3 24
$105.7M
$8.2M
Q2 24
$83.2M
$-181.0K
Q1 24
$94.0M
$1.7M
Free Cash Flow
NSA
NSA
SITM
SITM
Q4 25
$299.8M
$13.0M
Q3 25
$88.0M
$26.3M
Q2 25
$73.8M
$-2.9M
Q1 25
$79.9M
$-1.3M
Q4 24
$344.4M
$-2.4M
Q3 24
$101.8M
$-6.7M
Q2 24
$79.5M
$-2.7M
Q1 24
$88.6M
$-1.2M
FCF Margin
NSA
NSA
SITM
SITM
Q4 25
160.3%
11.5%
Q3 25
46.6%
31.5%
Q2 25
39.1%
-4.2%
Q1 25
42.4%
-2.1%
Q4 24
181.2%
-3.5%
Q3 24
52.6%
-11.6%
Q2 24
41.7%
-6.3%
Q1 24
45.2%
-3.6%
Capex Intensity
NSA
NSA
SITM
SITM
Q4 25
20.7%
10.9%
Q3 25
6.5%
6.1%
Q2 25
3.2%
26.2%
Q1 25
3.0%
27.0%
Q4 24
9.8%
23.3%
Q3 24
2.0%
25.7%
Q2 24
1.9%
5.8%
Q1 24
2.7%
8.8%
Cash Conversion
NSA
NSA
SITM
SITM
Q4 25
14.79×
2.77×
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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