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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Stoke Therapeutics, Inc. (STOK). 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 $158.6M, roughly 1.2× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 12.2%, a 58.9% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $131.7M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

NSA vs STOK — Head-to-Head

Bigger by revenue
NSA
NSA
1.2× larger
NSA
$187.0M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3662.7% gap
STOK
3661.1%
-1.6%
NSA
Higher net margin
STOK
STOK
58.9% more per $
STOK
71.2%
12.2%
NSA
More free cash flow
NSA
NSA
$168.1M more FCF
NSA
$299.8M
$131.7M
STOK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
NSA
NSA
STOK
STOK
Revenue
$187.0M
$158.6M
Net Profit
$22.9M
$112.9M
Gross Margin
72.5%
Operating Margin
20.2%
70.2%
Net Margin
12.2%
71.2%
Revenue YoY
-1.6%
3661.1%
Net Profit YoY
36.8%
528.0%
EPS (diluted)
$0.23
$1.90

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
STOK
STOK
Q4 25
$187.0M
Q3 25
$188.7M
Q2 25
$188.8M
Q1 25
$188.4M
$158.6M
Q4 24
$190.1M
$22.6M
Q3 24
$193.6M
Q2 24
$190.4M
Q1 24
$196.1M
Net Profit
NSA
NSA
STOK
STOK
Q4 25
$22.9M
Q3 25
$18.4M
Q2 25
$19.5M
Q1 25
$13.0M
$112.9M
Q4 24
$16.7M
$-10.5M
Q3 24
$18.7M
Q2 24
$17.1M
Q1 24
$59.0M
Gross Margin
NSA
NSA
STOK
STOK
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
STOK
STOK
Q4 25
20.2%
Q3 25
15.8%
Q2 25
16.5%
Q1 25
11.0%
70.2%
Q4 24
14.5%
-60.4%
Q3 24
15.8%
Q2 24
17.2%
Q1 24
48.9%
Net Margin
NSA
NSA
STOK
STOK
Q4 25
12.2%
Q3 25
9.8%
Q2 25
10.3%
Q1 25
6.9%
71.2%
Q4 24
8.8%
-46.4%
Q3 24
9.7%
Q2 24
9.0%
Q1 24
30.1%
EPS (diluted)
NSA
NSA
STOK
STOK
Q4 25
$0.23
Q3 25
$0.17
Q2 25
$0.19
Q1 25
$0.10
$1.90
Q4 24
$0.19
$-0.15
Q3 24
$0.18
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
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$23.3M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$946.0M
$350.1M
Total Assets
$5.1B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
STOK
STOK
Q4 25
$23.3M
Q3 25
$26.3M
Q2 25
$26.1M
Q1 25
$19.3M
$274.8M
Q4 24
$50.4M
$128.0M
Q3 24
$69.9M
Q2 24
$59.0M
Q1 24
$64.2M
Stockholders' Equity
NSA
NSA
STOK
STOK
Q4 25
$946.0M
Q3 25
$973.1M
Q2 25
$1.0B
Q1 25
$1.0B
$350.1M
Q4 24
$1.1B
$229.0M
Q3 24
$986.9M
Q2 24
$1.2B
Q1 24
$1.3B
Total Assets
NSA
NSA
STOK
STOK
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.3B
$406.9M
Q4 24
$5.4B
$271.6M
Q3 24
$5.4B
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
STOK
STOK
Operating Cash FlowLast quarter
$338.5M
$131.8M
Free Cash FlowOCF − Capex
$299.8M
$131.7M
FCF MarginFCF / Revenue
160.3%
83.0%
Capex IntensityCapex / Revenue
20.7%
0.1%
Cash ConversionOCF / Net Profit
14.79×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$541.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
STOK
STOK
Q4 25
$338.5M
Q3 25
$100.2M
Q2 25
$79.9M
Q1 25
$85.6M
$131.8M
Q4 24
$363.1M
$-23.2M
Q3 24
$105.7M
Q2 24
$83.2M
Q1 24
$94.0M
Free Cash Flow
NSA
NSA
STOK
STOK
Q4 25
$299.8M
Q3 25
$88.0M
Q2 25
$73.8M
Q1 25
$79.9M
$131.7M
Q4 24
$344.4M
$-23.2M
Q3 24
$101.8M
Q2 24
$79.5M
Q1 24
$88.6M
FCF Margin
NSA
NSA
STOK
STOK
Q4 25
160.3%
Q3 25
46.6%
Q2 25
39.1%
Q1 25
42.4%
83.0%
Q4 24
181.2%
-102.7%
Q3 24
52.6%
Q2 24
41.7%
Q1 24
45.2%
Capex Intensity
NSA
NSA
STOK
STOK
Q4 25
20.7%
Q3 25
6.5%
Q2 25
3.2%
Q1 25
3.0%
0.1%
Q4 24
9.8%
0.2%
Q3 24
2.0%
Q2 24
1.9%
Q1 24
2.7%
Cash Conversion
NSA
NSA
STOK
STOK
Q4 25
14.79×
Q3 25
5.44×
Q2 25
4.10×
Q1 25
6.59×
1.17×
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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