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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $187.0M, roughly 1.1× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -62.0%, a 74.3% gap on every dollar of revenue. National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $55.0M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
NSA vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $210.5M |
| Net Profit | $22.9M | $-130.6M |
| Gross Margin | 72.5% | 10.0% |
| Operating Margin | 20.2% | -45.0% |
| Net Margin | 12.2% | -62.0% |
| Revenue YoY | -1.6% | — |
| Net Profit YoY | 36.8% | -375.2% |
| EPS (diluted) | $0.23 | $-0.87 |
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 | $210.5M | ||
| Q2 25 | $188.8M | $132.8M | ||
| Q1 25 | $188.4M | $53.5M | ||
| Q4 24 | $190.1M | — | ||
| Q3 24 | $193.6M | $0 | ||
| Q2 24 | $190.4M | $0 | ||
| Q1 24 | $196.1M | $0 |
| Q4 25 | $22.9M | — | ||
| Q3 25 | $18.4M | $-130.6M | ||
| Q2 25 | $19.5M | $-31.9M | ||
| Q1 25 | $13.0M | $-16.2M | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $18.7M | $-27.5M | ||
| Q2 24 | $17.1M | $-27.0M | ||
| Q1 24 | $59.0M | $-28.5M |
| Q4 25 | 72.5% | — | ||
| Q3 25 | 70.7% | 10.0% | ||
| Q2 25 | 70.5% | 24.7% | ||
| Q1 25 | 70.7% | 33.3% | ||
| Q4 24 | 72.5% | — | ||
| Q3 24 | 72.8% | — | ||
| Q2 24 | 72.6% | — | ||
| Q1 24 | 72.1% | — |
| Q4 25 | 20.2% | — | ||
| Q3 25 | 15.8% | -45.0% | ||
| Q2 25 | 16.5% | -22.0% | ||
| Q1 25 | 11.0% | -44.2% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 17.2% | — | ||
| Q1 24 | 48.9% | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 9.8% | -62.0% | ||
| Q2 25 | 10.3% | -24.0% | ||
| Q1 25 | 6.9% | -30.4% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 30.1% | — |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.17 | $-0.87 | ||
| Q2 25 | $0.19 | $-0.21 | ||
| Q1 25 | $0.10 | $-0.11 | ||
| Q4 24 | $0.19 | — | ||
| Q3 24 | $0.18 | $-0.20 | ||
| Q2 24 | $0.16 | $-0.19 | ||
| Q1 24 | $0.65 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $946.0M | $96.9M |
| Total Assets | $5.1B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | — | ||
| Q3 25 | $26.3M | $34.1M | ||
| Q2 25 | $26.1M | $8.5M | ||
| Q1 25 | $19.3M | $48.9M | ||
| Q4 24 | $50.4M | — | ||
| Q3 24 | $69.9M | $181.9M | ||
| Q2 24 | $59.0M | $219.6M | ||
| Q1 24 | $64.2M | $249.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $946.0M | — | ||
| Q3 25 | $973.1M | $96.9M | ||
| Q2 25 | $1.0B | $183.9M | ||
| Q1 25 | $1.0B | $201.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $986.9M | $538.7M | ||
| Q2 24 | $1.2B | $561.6M | ||
| Q1 24 | $1.3B | $582.3M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $1.4B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $5.3B | $1.4B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.4B | $615.0M | ||
| Q2 24 | $5.3B | $644.4M | ||
| Q1 24 | $5.4B | $670.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $299.8M | $55.0M |
| FCF MarginFCF / Revenue | 160.3% | 26.1% |
| Capex IntensityCapex / Revenue | 20.7% | 4.2% |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | — | ||
| Q3 25 | $100.2M | $63.9M | ||
| Q2 25 | $79.9M | $33.4M | ||
| Q1 25 | $85.6M | $-44.8M | ||
| Q4 24 | $363.1M | — | ||
| Q3 24 | $105.7M | $-28.4M | ||
| Q2 24 | $83.2M | $-28.0M | ||
| Q1 24 | $94.0M | $-16.2M |
| Q4 25 | $299.8M | — | ||
| Q3 25 | $88.0M | $55.0M | ||
| Q2 25 | $73.8M | $10.6M | ||
| Q1 25 | $79.9M | $-74.0M | ||
| Q4 24 | $344.4M | — | ||
| Q3 24 | $101.8M | $-34.0M | ||
| Q2 24 | $79.5M | $-35.6M | ||
| Q1 24 | $88.6M | $-37.7M |
| Q4 25 | 160.3% | — | ||
| Q3 25 | 46.6% | 26.1% | ||
| Q2 25 | 39.1% | 8.0% | ||
| Q1 25 | 42.4% | -138.4% | ||
| Q4 24 | 181.2% | — | ||
| Q3 24 | 52.6% | — | ||
| Q2 24 | 41.7% | — | ||
| Q1 24 | 45.2% | — |
| Q4 25 | 20.7% | — | ||
| Q3 25 | 6.5% | 4.2% | ||
| Q2 25 | 3.2% | 17.2% | ||
| Q1 25 | 3.0% | 54.5% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 2.7% | — |
| 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.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
