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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $187.0M, roughly 1.1× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 0.4%, a 11.8% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $12.1M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
NSA vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $205.4M |
| Net Profit | $22.9M | $816.0K |
| Gross Margin | 72.5% | 12.4% |
| Operating Margin | 20.2% | 3.3% |
| Net Margin | 12.2% | 0.4% |
| Revenue YoY | -1.6% | 16.6% |
| Net Profit YoY | 36.8% | 113.1% |
| EPS (diluted) | $0.23 | $0.01 |
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 | — | ||
| Q3 25 | $188.7M | $205.4M | ||
| Q2 25 | $188.8M | $191.5M | ||
| Q1 25 | $188.4M | $201.6M | ||
| Q4 24 | $190.1M | $193.9M | ||
| Q3 24 | $193.6M | $175.9M | ||
| Q2 24 | $190.4M | $169.5M | ||
| Q1 24 | $196.1M | $184.4M |
| Q4 25 | $22.9M | — | ||
| Q3 25 | $18.4M | $816.0K | ||
| Q2 25 | $19.5M | $4.4M | ||
| Q1 25 | $13.0M | $4.8M | ||
| Q4 24 | $16.7M | $-8.7M | ||
| Q3 24 | $18.7M | $-6.2M | ||
| Q2 24 | $17.1M | $-5.3M | ||
| Q1 24 | $59.0M | $2.9M |
| Q4 25 | 72.5% | — | ||
| Q3 25 | 70.7% | 12.4% | ||
| Q2 25 | 70.5% | 14.8% | ||
| Q1 25 | 70.7% | 15.0% | ||
| Q4 24 | 72.5% | 10.9% | ||
| Q3 24 | 72.8% | 13.0% | ||
| Q2 24 | 72.6% | 12.5% | ||
| Q1 24 | 72.1% | 16.8% |
| Q4 25 | 20.2% | — | ||
| Q3 25 | 15.8% | 3.3% | ||
| Q2 25 | 16.5% | 5.5% | ||
| Q1 25 | 11.0% | 5.2% | ||
| Q4 24 | 14.5% | 1.4% | ||
| Q3 24 | 15.8% | 0.5% | ||
| Q2 24 | 17.2% | 1.2% | ||
| Q1 24 | 48.9% | 5.5% |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 9.8% | 0.4% | ||
| Q2 25 | 10.3% | 2.3% | ||
| Q1 25 | 6.9% | 2.4% | ||
| Q4 24 | 8.8% | -4.5% | ||
| Q3 24 | 9.7% | -3.5% | ||
| Q2 24 | 9.0% | -3.1% | ||
| Q1 24 | 30.1% | 1.6% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.17 | $0.01 | ||
| Q2 25 | $0.19 | $0.03 | ||
| Q1 25 | $0.10 | $0.04 | ||
| Q4 24 | $0.19 | $-0.08 | ||
| Q3 24 | $0.18 | $-0.05 | ||
| Q2 24 | $0.16 | $-0.04 | ||
| Q1 24 | $0.65 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $946.0M | $162.8M |
| Total Assets | $5.1B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | — | ||
| Q3 25 | $26.3M | $2.2M | ||
| Q2 25 | $26.1M | $2.2M | ||
| Q1 25 | $19.3M | $2.3M | ||
| Q4 24 | $50.4M | $1.6M | ||
| Q3 24 | $69.9M | $2.9M | ||
| Q2 24 | $59.0M | $3.2M | ||
| Q1 24 | $64.2M | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $946.0M | — | ||
| Q3 25 | $973.1M | $162.8M | ||
| Q2 25 | $1.0B | $159.8M | ||
| Q1 25 | $1.0B | $154.8M | ||
| Q4 24 | $1.1B | $148.6M | ||
| Q3 24 | $986.9M | $155.0M | ||
| Q2 24 | $1.2B | $158.8M | ||
| Q1 24 | $1.3B | $163.6M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $694.1M | ||
| Q2 25 | $5.2B | $704.9M | ||
| Q1 25 | $5.3B | $690.7M | ||
| Q4 24 | $5.4B | $668.5M | ||
| Q3 24 | $5.4B | $699.3M | ||
| Q2 24 | $5.3B | $704.7M | ||
| Q1 24 | $5.4B | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $299.8M | $12.1M |
| FCF MarginFCF / Revenue | 160.3% | 5.9% |
| Capex IntensityCapex / Revenue | 20.7% | 2.1% |
| Cash ConversionOCF / Net Profit | 14.79× | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | — | ||
| Q3 25 | $100.2M | $16.3M | ||
| Q2 25 | $79.9M | $-4.5M | ||
| Q1 25 | $85.6M | $22.3M | ||
| Q4 24 | $363.1M | $33.1M | ||
| Q3 24 | $105.7M | $17.2M | ||
| Q2 24 | $83.2M | $-5.6M | ||
| Q1 24 | $94.0M | $5.3M |
| Q4 25 | $299.8M | — | ||
| Q3 25 | $88.0M | $12.1M | ||
| Q2 25 | $73.8M | $-9.2M | ||
| Q1 25 | $79.9M | $9.5M | ||
| Q4 24 | $344.4M | $24.0M | ||
| Q3 24 | $101.8M | $11.7M | ||
| Q2 24 | $79.5M | $-15.3M | ||
| Q1 24 | $88.6M | $-2.3M |
| Q4 25 | 160.3% | — | ||
| Q3 25 | 46.6% | 5.9% | ||
| Q2 25 | 39.1% | -4.8% | ||
| Q1 25 | 42.4% | 4.7% | ||
| Q4 24 | 181.2% | 12.4% | ||
| Q3 24 | 52.6% | 6.6% | ||
| Q2 24 | 41.7% | -9.0% | ||
| Q1 24 | 45.2% | -1.2% |
| Q4 25 | 20.7% | — | ||
| Q3 25 | 6.5% | 2.1% | ||
| Q2 25 | 3.2% | 2.5% | ||
| Q1 25 | 3.0% | 6.3% | ||
| Q4 24 | 9.8% | 4.7% | ||
| Q3 24 | 2.0% | 3.2% | ||
| Q2 24 | 1.9% | 5.7% | ||
| Q1 24 | 2.7% | 4.1% |
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | 20.03× | ||
| Q2 25 | 4.10× | -1.03× | ||
| Q1 25 | 6.59× | 4.63× | ||
| Q4 24 | 21.70× | — | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 4.88× | — | ||
| Q1 24 | 1.59× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
