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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Bio-Techne (TECH). Click either name above to swap in a different company.
Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $187.0M, roughly 1.6× National Storage Affiliates Trust). Bio-Techne runs the higher net margin — 12.8% vs 12.2%, a 0.6% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -6.4%). Over the past eight quarters, Bio-Techne's revenue compounded faster (4.2% 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.
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.
NSA vs TECH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $295.9M |
| Net Profit | $22.9M | $38.0M |
| Gross Margin | 72.5% | 64.6% |
| Operating Margin | 20.2% | 18.4% |
| Net Margin | 12.2% | 12.8% |
| Revenue YoY | -1.6% | -6.4% |
| Net Profit YoY | 36.8% | 68.3% |
| EPS (diluted) | $0.23 | $0.24 |
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 | $295.9M | ||
| Q3 25 | $188.7M | — | ||
| Q2 25 | $188.8M | $317.0M | ||
| Q1 25 | $188.4M | $316.2M | ||
| Q4 24 | $190.1M | $297.0M | ||
| Q3 24 | $193.6M | $289.5M | ||
| Q2 24 | $190.4M | $306.1M | ||
| Q1 24 | $196.1M | $303.4M |
| Q4 25 | $22.9M | $38.0M | ||
| Q3 25 | $18.4M | — | ||
| Q2 25 | $19.5M | $-17.7M | ||
| Q1 25 | $13.0M | $22.6M | ||
| Q4 24 | $16.7M | $34.9M | ||
| Q3 24 | $18.7M | $33.6M | ||
| Q2 24 | $17.1M | $40.6M | ||
| Q1 24 | $59.0M | $49.1M |
| Q4 25 | 72.5% | 64.6% | ||
| Q3 25 | 70.7% | — | ||
| Q2 25 | 70.5% | 62.7% | ||
| Q1 25 | 70.7% | 67.9% | ||
| Q4 24 | 72.5% | 65.3% | ||
| Q3 24 | 72.8% | 63.2% | ||
| Q2 24 | 72.6% | 66.4% | ||
| Q1 24 | 72.1% | 67.4% |
| Q4 25 | 20.2% | 18.4% | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 16.5% | -7.5% | ||
| Q1 25 | 11.0% | 12.2% | ||
| Q4 24 | 14.5% | 16.0% | ||
| Q3 24 | 15.8% | 13.8% | ||
| Q2 24 | 17.2% | 15.0% | ||
| Q1 24 | 48.9% | 22.1% |
| Q4 25 | 12.2% | 12.8% | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 10.3% | -5.6% | ||
| Q1 25 | 6.9% | 7.1% | ||
| Q4 24 | 8.8% | 11.7% | ||
| Q3 24 | 9.7% | 11.6% | ||
| Q2 24 | 9.0% | 13.3% | ||
| Q1 24 | 30.1% | 16.2% |
| Q4 25 | $0.23 | $0.24 | ||
| Q3 25 | $0.17 | — | ||
| Q2 25 | $0.19 | $-0.11 | ||
| Q1 25 | $0.10 | $0.14 | ||
| Q4 24 | $0.19 | $0.22 | ||
| Q3 24 | $0.18 | $0.21 | ||
| Q2 24 | $0.16 | $0.26 | ||
| Q1 24 | $0.65 | $0.31 |
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 | $172.9M |
| Total DebtLower is stronger | — | $260.0M |
| Stockholders' EquityBook value | $946.0M | $2.0B |
| Total Assets | $5.1B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $172.9M | ||
| Q3 25 | $26.3M | — | ||
| Q2 25 | $26.1M | $162.2M | ||
| Q1 25 | $19.3M | $140.7M | ||
| Q4 24 | $50.4M | $177.5M | ||
| Q3 24 | $69.9M | $187.5M | ||
| Q2 24 | $59.0M | $152.9M | ||
| Q1 24 | $64.2M | $145.3M |
| Q4 25 | — | $260.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $346.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | — | $300.0M | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | — | $319.0M | ||
| Q1 24 | — | $389.0M |
| Q4 25 | $946.0M | $2.0B | ||
| Q3 25 | $973.1M | — | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $986.9M | $2.1B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.3B | $2.0B |
| Q4 25 | $5.1B | $2.5B | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.4B | $2.7B | ||
| Q3 24 | $5.4B | $2.7B | ||
| Q2 24 | $5.3B | $2.7B | ||
| Q1 24 | $5.4B | $2.7B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $299.8M | — |
| FCF MarginFCF / Revenue | 160.3% | — |
| Capex IntensityCapex / Revenue | 20.7% | — |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | — | ||
| Q3 25 | $100.2M | — | ||
| Q2 25 | $79.9M | $98.2M | ||
| Q1 25 | $85.6M | $41.1M | ||
| Q4 24 | $363.1M | $84.3M | ||
| Q3 24 | $105.7M | $63.9M | ||
| Q2 24 | $83.2M | $75.5M | ||
| Q1 24 | $94.0M | $81.0M |
| Q4 25 | $299.8M | — | ||
| Q3 25 | $88.0M | — | ||
| Q2 25 | $73.8M | $93.3M | ||
| Q1 25 | $79.9M | $31.0M | ||
| Q4 24 | $344.4M | $77.5M | ||
| Q3 24 | $101.8M | $54.7M | ||
| Q2 24 | $79.5M | $57.5M | ||
| Q1 24 | $88.6M | $64.5M |
| Q4 25 | 160.3% | — | ||
| Q3 25 | 46.6% | — | ||
| Q2 25 | 39.1% | 29.4% | ||
| Q1 25 | 42.4% | 9.8% | ||
| Q4 24 | 181.2% | 26.1% | ||
| Q3 24 | 52.6% | 18.9% | ||
| Q2 24 | 41.7% | 18.8% | ||
| Q1 24 | 45.2% | 21.3% |
| Q4 25 | 20.7% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 3.2% | 1.5% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | 9.8% | 2.3% | ||
| Q3 24 | 2.0% | 3.2% | ||
| Q2 24 | 1.9% | 5.9% | ||
| Q1 24 | 2.7% | 5.4% |
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | 1.82× | ||
| Q4 24 | 21.70× | 2.42× | ||
| Q3 24 | 5.65× | 1.90× | ||
| Q2 24 | 4.88× | 1.86× | ||
| Q1 24 | 1.59× | 1.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
TECH
| Diagnostics And Spatial Biology | $81.2M | 27% |
| EMEA Excluding UK | $75.4M | 25% |
| Other | $42.4M | 14% |
| Instruments | $29.6M | 10% |
| APAC Excluding Greater China | $22.7M | 8% |
| Services | $22.3M | 8% |
| GB | $13.7M | 5% |
| Royalty | $8.5M | 3% |
