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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and BRAND HOUSE COLLECTIVE, INC. (TBHC). 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 $103.5M, roughly 1.8× BRAND HOUSE COLLECTIVE, INC.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -3.6%, a 15.8% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -9.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-26.8M). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% CAGR vs -21.0%).
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.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
NSA vs TBHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $103.5M |
| Net Profit | $22.9M | $-3.7M |
| Gross Margin | 72.5% | 20.4% |
| Operating Margin | 20.2% | -1.9% |
| Net Margin | 12.2% | -3.6% |
| Revenue YoY | -1.6% | -9.6% |
| Net Profit YoY | 36.8% | 51.8% |
| EPS (diluted) | $0.23 | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $188.7M | $75.8M | ||
| Q2 25 | $188.8M | $81.5M | ||
| Q1 25 | $188.4M | $148.9M | ||
| Q4 24 | $190.1M | $114.4M | ||
| Q3 24 | $193.6M | $86.3M | ||
| Q2 24 | $190.4M | $91.8M | ||
| Q1 24 | $196.1M | $165.9M |
| Q4 25 | $22.9M | $-3.7M | ||
| Q3 25 | $18.4M | $-20.2M | ||
| Q2 25 | $19.5M | $-11.8M | ||
| Q1 25 | $13.0M | $7.9M | ||
| Q4 24 | $16.7M | $-7.7M | ||
| Q3 24 | $18.7M | $-14.5M | ||
| Q2 24 | $17.1M | $-8.8M | ||
| Q1 24 | $59.0M | $10.1M |
| Q4 25 | 72.5% | 20.4% | ||
| Q3 25 | 70.7% | 16.3% | ||
| Q2 25 | 70.5% | 24.9% | ||
| Q1 25 | 70.7% | 30.3% | ||
| Q4 24 | 72.5% | 28.1% | ||
| Q3 24 | 72.8% | 20.5% | ||
| Q2 24 | 72.6% | 29.5% | ||
| Q1 24 | 72.1% | 32.0% |
| Q4 25 | 20.2% | -1.9% | ||
| Q3 25 | 15.8% | -24.7% | ||
| Q2 25 | 16.5% | -12.9% | ||
| Q1 25 | 11.0% | 6.2% | ||
| Q4 24 | 14.5% | -2.1% | ||
| Q3 24 | 15.8% | -15.4% | ||
| Q2 24 | 17.2% | -8.2% | ||
| Q1 24 | 48.9% | 6.4% |
| Q4 25 | 12.2% | -3.6% | ||
| Q3 25 | 9.8% | -26.6% | ||
| Q2 25 | 10.3% | -14.5% | ||
| Q1 25 | 6.9% | 5.3% | ||
| Q4 24 | 8.8% | -6.7% | ||
| Q3 24 | 9.7% | -16.8% | ||
| Q2 24 | 9.0% | -9.6% | ||
| Q1 24 | 30.1% | 6.1% |
| Q4 25 | $0.23 | $-0.16 | ||
| Q3 25 | $0.17 | $-0.90 | ||
| Q2 25 | $0.19 | $-0.54 | ||
| Q1 25 | $0.10 | $0.61 | ||
| Q4 24 | $0.19 | $-0.59 | ||
| Q3 24 | $0.18 | $-1.11 | ||
| Q2 24 | $0.16 | $-0.68 | ||
| Q1 24 | $0.65 | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $-44.0M |
| Total Assets | $5.1B | $229.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $6.5M | ||
| Q3 25 | $26.3M | $3.6M | ||
| Q2 25 | $26.1M | $3.5M | ||
| Q1 25 | $19.3M | $3.8M | ||
| Q4 24 | $50.4M | $6.8M | ||
| Q3 24 | $69.9M | $4.5M | ||
| Q2 24 | $59.0M | $3.8M | ||
| Q1 24 | $64.2M | $3.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | — | $85.8M | ||
| Q3 24 | — | $61.4M | ||
| Q2 24 | — | $47.5M | ||
| Q1 24 | — | $34.0M |
| Q4 25 | $946.0M | $-44.0M | ||
| Q3 25 | $973.1M | $-35.2M | ||
| Q2 25 | $1.0B | $-16.2M | ||
| Q1 25 | $1.0B | $-19.0M | ||
| Q4 24 | $1.1B | $-27.1M | ||
| Q3 24 | $986.9M | $-19.7M | ||
| Q2 24 | $1.2B | $-5.5M | ||
| Q1 24 | $1.3B | $3.1M |
| Q4 25 | $5.1B | $229.2M | ||
| Q3 25 | $5.1B | $221.9M | ||
| Q2 25 | $5.2B | $225.4M | ||
| Q1 25 | $5.3B | $242.2M | ||
| Q4 24 | $5.4B | $279.8M | ||
| Q3 24 | $5.4B | $266.2M | ||
| Q2 24 | $5.3B | $242.6M | ||
| Q1 24 | $5.4B | $250.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.88× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $299.8M | $-26.8M |
| FCF MarginFCF / Revenue | 160.3% | -25.9% |
| Capex IntensityCapex / Revenue | 20.7% | 0.9% |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $-25.9M | ||
| Q3 25 | $100.2M | $-7.0M | ||
| Q2 25 | $79.9M | $-3.1M | ||
| Q1 25 | $85.6M | $19.8M | ||
| Q4 24 | $363.1M | $-12.6M | ||
| Q3 24 | $105.7M | $-12.7M | ||
| Q2 24 | $83.2M | $-13.7M | ||
| Q1 24 | $94.0M | $28.2M |
| Q4 25 | $299.8M | $-26.8M | ||
| Q3 25 | $88.0M | $-7.4M | ||
| Q2 25 | $73.8M | $-3.6M | ||
| Q1 25 | $79.9M | $19.0M | ||
| Q4 24 | $344.4M | $-13.1M | ||
| Q3 24 | $101.8M | $-13.2M | ||
| Q2 24 | $79.5M | $-14.4M | ||
| Q1 24 | $88.6M | $26.7M |
| Q4 25 | 160.3% | -25.9% | ||
| Q3 25 | 46.6% | -9.8% | ||
| Q2 25 | 39.1% | -4.5% | ||
| Q1 25 | 42.4% | 12.8% | ||
| Q4 24 | 181.2% | -11.5% | ||
| Q3 24 | 52.6% | -15.2% | ||
| Q2 24 | 41.7% | -15.7% | ||
| Q1 24 | 45.2% | 16.1% |
| Q4 25 | 20.7% | 0.9% | ||
| Q3 25 | 6.5% | 0.6% | ||
| Q2 25 | 3.2% | 0.7% | ||
| Q1 25 | 3.0% | 0.5% | ||
| Q4 24 | 9.8% | 0.4% | ||
| Q3 24 | 2.0% | 0.5% | ||
| Q2 24 | 1.9% | 0.8% | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | 2.51× | ||
| Q4 24 | 21.70× | — | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 4.88× | — | ||
| Q1 24 | 1.59× | 2.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
