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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Sprout Social, Inc. (SPT). 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 $120.9M, roughly 1.5× Sprout Social, Inc.). On growth, Sprout Social, Inc. posted the faster year-over-year revenue change (12.9% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $9.9M). Over the past eight quarters, Sprout Social, Inc.'s revenue compounded faster (11.8% 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.

Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.

NSA vs SPT — Head-to-Head

Bigger by revenue
NSA
NSA
1.5× larger
NSA
$187.0M
$120.9M
SPT
Growing faster (revenue YoY)
SPT
SPT
+14.5% gap
SPT
12.9%
-1.6%
NSA
More free cash flow
NSA
NSA
$289.9M more FCF
NSA
$299.8M
$9.9M
SPT
Faster 2-yr revenue CAGR
SPT
SPT
Annualised
SPT
11.8%
-2.4%
NSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NSA
NSA
SPT
SPT
Revenue
$187.0M
$120.9M
Net Profit
$22.9M
Gross Margin
72.5%
77.6%
Operating Margin
20.2%
-9.0%
Net Margin
12.2%
Revenue YoY
-1.6%
12.9%
Net Profit YoY
36.8%
EPS (diluted)
$0.23
$-0.18

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
SPT
SPT
Q4 25
$187.0M
$120.9M
Q3 25
$188.7M
$115.6M
Q2 25
$188.8M
$111.8M
Q1 25
$188.4M
$109.3M
Q4 24
$190.1M
$107.1M
Q3 24
$193.6M
$102.6M
Q2 24
$190.4M
$99.4M
Q1 24
$196.1M
$96.8M
Net Profit
NSA
NSA
SPT
SPT
Q4 25
$22.9M
Q3 25
$18.4M
$-9.4M
Q2 25
$19.5M
$-12.0M
Q1 25
$13.0M
$-11.2M
Q4 24
$16.7M
Q3 24
$18.7M
$-17.1M
Q2 24
$17.1M
$-16.9M
Q1 24
$59.0M
$-13.6M
Gross Margin
NSA
NSA
SPT
SPT
Q4 25
72.5%
77.6%
Q3 25
70.7%
77.7%
Q2 25
70.5%
77.7%
Q1 25
70.7%
77.3%
Q4 24
72.5%
78.1%
Q3 24
72.8%
77.4%
Q2 24
72.6%
77.5%
Q1 24
72.1%
76.8%
Operating Margin
NSA
NSA
SPT
SPT
Q4 25
20.2%
-9.0%
Q3 25
15.8%
-7.9%
Q2 25
16.5%
-11.0%
Q1 25
11.0%
-10.2%
Q4 24
14.5%
-12.8%
Q3 24
15.8%
-16.4%
Q2 24
17.2%
-16.6%
Q1 24
48.9%
-13.7%
Net Margin
NSA
NSA
SPT
SPT
Q4 25
12.2%
Q3 25
9.8%
-8.1%
Q2 25
10.3%
-10.7%
Q1 25
6.9%
-10.3%
Q4 24
8.8%
Q3 24
9.7%
-16.6%
Q2 24
9.0%
-17.0%
Q1 24
30.1%
-14.0%
EPS (diluted)
NSA
NSA
SPT
SPT
Q4 25
$0.23
$-0.18
Q3 25
$0.17
$-0.16
Q2 25
$0.19
$-0.21
Q1 25
$0.10
$-0.19
Q4 24
$0.19
$-0.25
Q3 24
$0.18
$-0.30
Q2 24
$0.16
$-0.30
Q1 24
$0.65
$-0.24

Balance Sheet & Financial Strength

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

Metric
NSA
NSA
SPT
SPT
Cash + ST InvestmentsLiquidity on hand
$23.3M
$95.3M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$946.0M
$203.4M
Total Assets
$5.1B
$523.1M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
SPT
SPT
Q4 25
$23.3M
$95.3M
Q3 25
$26.3M
$90.6M
Q2 25
$26.1M
$101.5M
Q1 25
$19.3M
$100.9M
Q4 24
$50.4M
$86.4M
Q3 24
$69.9M
$82.9M
Q2 24
$59.0M
$80.9M
Q1 24
$64.2M
$69.2M
Total Debt
NSA
NSA
SPT
SPT
Q4 25
$40.0M
Q3 25
Q2 25
Q1 25
Q4 24
$25.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NSA
NSA
SPT
SPT
Q4 25
$946.0M
$203.4M
Q3 25
$973.1M
$194.1M
Q2 25
$1.0B
$184.6M
Q1 25
$1.0B
$175.3M
Q4 24
$1.1B
$166.6M
Q3 24
$986.9M
$158.1M
Q2 24
$1.2B
$152.1M
Q1 24
$1.3B
$147.3M
Total Assets
NSA
NSA
SPT
SPT
Q4 25
$5.1B
$523.1M
Q3 25
$5.1B
$481.4M
Q2 25
$5.2B
$422.9M
Q1 25
$5.3B
$424.7M
Q4 24
$5.4B
$428.3M
Q3 24
$5.4B
$388.8M
Q2 24
$5.3B
$393.6M
Q1 24
$5.4B
$389.9M
Debt / Equity
NSA
NSA
SPT
SPT
Q4 25
0.20×
Q3 25
Q2 25
Q1 25
Q4 24
0.15×
Q3 24
Q2 24
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
SPT
SPT
Operating Cash FlowLast quarter
$338.5M
$10.9M
Free Cash FlowOCF − Capex
$299.8M
$9.9M
FCF MarginFCF / Revenue
160.3%
8.2%
Capex IntensityCapex / Revenue
20.7%
0.9%
Cash ConversionOCF / Net Profit
14.79×
TTM Free Cash FlowTrailing 4 quarters
$541.5M
$39.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
SPT
SPT
Q4 25
$338.5M
$10.9M
Q3 25
$100.2M
$9.3M
Q2 25
$79.9M
$5.1M
Q1 25
$85.6M
$18.1M
Q4 24
$363.1M
$4.1M
Q3 24
$105.7M
$9.0M
Q2 24
$83.2M
$2.1M
Q1 24
$94.0M
$11.2M
Free Cash Flow
NSA
NSA
SPT
SPT
Q4 25
$299.8M
$9.9M
Q3 25
$88.0M
$8.5M
Q2 25
$73.8M
$4.2M
Q1 25
$79.9M
$16.7M
Q4 24
$344.4M
$3.3M
Q3 24
$101.8M
$8.5M
Q2 24
$79.5M
$1.6M
Q1 24
$88.6M
$10.1M
FCF Margin
NSA
NSA
SPT
SPT
Q4 25
160.3%
8.2%
Q3 25
46.6%
7.4%
Q2 25
39.1%
3.7%
Q1 25
42.4%
15.3%
Q4 24
181.2%
3.0%
Q3 24
52.6%
8.3%
Q2 24
41.7%
1.6%
Q1 24
45.2%
10.4%
Capex Intensity
NSA
NSA
SPT
SPT
Q4 25
20.7%
0.9%
Q3 25
6.5%
0.7%
Q2 25
3.2%
0.8%
Q1 25
3.0%
1.2%
Q4 24
9.8%
0.8%
Q3 24
2.0%
0.5%
Q2 24
1.9%
0.5%
Q1 24
2.7%
1.1%
Cash Conversion
NSA
NSA
SPT
SPT
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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