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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $187.0M, roughly 1.6× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -1.5%, a 13.7% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -11.3%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $9.7M). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% CAGR vs -3.2%).
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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
NSA vs TNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $291.6M |
| Net Profit | $22.9M | $-4.4M |
| Gross Margin | 72.5% | 34.6% |
| Operating Margin | 20.2% | -1.4% |
| Net Margin | 12.2% | -1.5% |
| Revenue YoY | -1.6% | -11.3% |
| Net Profit YoY | 36.8% | -166.7% |
| EPS (diluted) | $0.23 | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $188.7M | $303.3M | ||
| Q2 25 | $188.8M | $318.6M | ||
| Q1 25 | $188.4M | $290.0M | ||
| Q4 24 | $190.1M | $328.9M | ||
| Q3 24 | $193.6M | $315.8M | ||
| Q2 24 | $190.4M | $331.0M | ||
| Q1 24 | $196.1M | $311.0M |
| Q4 25 | $22.9M | $-4.4M | ||
| Q3 25 | $18.4M | $14.9M | ||
| Q2 25 | $19.5M | $20.2M | ||
| Q1 25 | $13.0M | $13.1M | ||
| Q4 24 | $16.7M | $6.6M | ||
| Q3 24 | $18.7M | $20.8M | ||
| Q2 24 | $17.1M | $27.9M | ||
| Q1 24 | $59.0M | $28.4M |
| Q4 25 | 72.5% | 34.6% | ||
| Q3 25 | 70.7% | 42.7% | ||
| Q2 25 | 70.5% | 42.1% | ||
| Q1 25 | 70.7% | 41.4% | ||
| Q4 24 | 72.5% | 41.3% | ||
| Q3 24 | 72.8% | 42.4% | ||
| Q2 24 | 72.6% | 43.1% | ||
| Q1 24 | 72.1% | 44.2% |
| Q4 25 | 20.2% | -1.4% | ||
| Q3 25 | 15.8% | 7.4% | ||
| Q2 25 | 16.5% | 9.6% | ||
| Q1 25 | 11.0% | 6.8% | ||
| Q4 24 | 14.5% | 2.3% | ||
| Q3 24 | 15.8% | 9.7% | ||
| Q2 24 | 17.2% | 11.7% | ||
| Q1 24 | 48.9% | 12.1% |
| Q4 25 | 12.2% | -1.5% | ||
| Q3 25 | 9.8% | 4.9% | ||
| Q2 25 | 10.3% | 6.3% | ||
| Q1 25 | 6.9% | 4.5% | ||
| Q4 24 | 8.8% | 2.0% | ||
| Q3 24 | 9.7% | 6.6% | ||
| Q2 24 | 9.0% | 8.4% | ||
| Q1 24 | 30.1% | 9.1% |
| Q4 25 | $0.23 | $-0.21 | ||
| Q3 25 | $0.17 | $0.80 | ||
| Q2 25 | $0.19 | $1.08 | ||
| Q1 25 | $0.10 | $0.69 | ||
| Q4 24 | $0.19 | $0.35 | ||
| Q3 24 | $0.18 | $1.09 | ||
| Q2 24 | $0.16 | $1.45 | ||
| Q1 24 | $0.65 | $1.49 |
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 | — |
| Total DebtLower is stronger | — | $273.2M |
| Stockholders' EquityBook value | $946.0M | $601.6M |
| Total Assets | $5.1B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | — | ||
| Q3 25 | $26.3M | — | ||
| Q2 25 | $26.1M | — | ||
| Q1 25 | $19.3M | — | ||
| Q4 24 | $50.4M | — | ||
| Q3 24 | $69.9M | — | ||
| Q2 24 | $59.0M | — | ||
| Q1 24 | $64.2M | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | — | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M | ||
| Q1 24 | — | $207.4M |
| Q4 25 | $946.0M | $601.6M | ||
| Q3 25 | $973.1M | $640.9M | ||
| Q2 25 | $1.0B | $651.9M | ||
| Q1 25 | $1.0B | $624.4M | ||
| Q4 24 | $1.1B | $620.8M | ||
| Q3 24 | $986.9M | $647.2M | ||
| Q2 24 | $1.2B | $624.6M | ||
| Q1 24 | $1.3B | $614.6M |
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.1B | $1.3B | ||
| Q2 25 | $5.2B | $1.2B | ||
| Q1 25 | $5.3B | $1.2B | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.4B | $1.2B | ||
| Q2 24 | $5.3B | $1.2B | ||
| Q1 24 | $5.4B | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $299.8M | $9.7M |
| FCF MarginFCF / Revenue | 160.3% | 3.3% |
| Capex IntensityCapex / Revenue | 20.7% | 1.5% |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $14.2M | ||
| Q3 25 | $100.2M | $28.7M | ||
| Q2 25 | $79.9M | $22.5M | ||
| Q1 25 | $85.6M | $-400.0K | ||
| Q4 24 | $363.1M | $37.5M | ||
| Q3 24 | $105.7M | $30.7M | ||
| Q2 24 | $83.2M | $18.6M | ||
| Q1 24 | $94.0M | $2.9M |
| Q4 25 | $299.8M | $9.7M | ||
| Q3 25 | $88.0M | $22.3M | ||
| Q2 25 | $73.8M | $18.7M | ||
| Q1 25 | $79.9M | $-7.4M | ||
| Q4 24 | $344.4M | $28.1M | ||
| Q3 24 | $101.8M | $26.4M | ||
| Q2 24 | $79.5M | $14.4M | ||
| Q1 24 | $88.6M | $-100.0K |
| Q4 25 | 160.3% | 3.3% | ||
| Q3 25 | 46.6% | 7.4% | ||
| Q2 25 | 39.1% | 5.9% | ||
| Q1 25 | 42.4% | -2.6% | ||
| Q4 24 | 181.2% | 8.5% | ||
| Q3 24 | 52.6% | 8.4% | ||
| Q2 24 | 41.7% | 4.4% | ||
| Q1 24 | 45.2% | -0.0% |
| Q4 25 | 20.7% | 1.5% | ||
| Q3 25 | 6.5% | 2.1% | ||
| Q2 25 | 3.2% | 1.2% | ||
| Q1 25 | 3.0% | 2.4% | ||
| Q4 24 | 9.8% | 2.9% | ||
| Q3 24 | 2.0% | 1.4% | ||
| Q2 24 | 1.9% | 1.3% | ||
| Q1 24 | 2.7% | 1.0% |
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | 1.93× | ||
| Q2 25 | 4.10× | 1.11× | ||
| Q1 25 | 6.59× | -0.03× | ||
| Q4 24 | 21.70× | 5.68× | ||
| Q3 24 | 5.65× | 1.48× | ||
| Q2 24 | 4.88× | 0.67× | ||
| Q1 24 | 1.59× | 0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
