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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $187.0M, roughly 1.4× National Storage Affiliates Trust). TRIMAS CORP runs the higher net margin — 31.9% vs 12.2%, a 19.6% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $36.8M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% 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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
NSA vs TRS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $256.5M |
| Net Profit | $22.9M | $81.7M |
| Gross Margin | 72.5% | 12.8% |
| Operating Margin | 20.2% | 5.7% |
| Net Margin | 12.2% | 31.9% |
| Revenue YoY | -1.6% | 3.8% |
| Net Profit YoY | 36.8% | 236.9% |
| EPS (diluted) | $0.23 | $2.03 |
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.
| Q1 26 | — | $256.5M | ||
| Q4 25 | $187.0M | $-140.0M | ||
| Q3 25 | $188.7M | $269.3M | ||
| Q2 25 | $188.8M | $274.8M | ||
| Q1 25 | $188.4M | $241.7M | ||
| Q4 24 | $190.1M | $-66.2M | ||
| Q3 24 | $193.6M | $229.4M | ||
| Q2 24 | $190.4M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | $22.9M | $81.7M | ||
| Q3 25 | $18.4M | $9.3M | ||
| Q2 25 | $19.5M | $16.7M | ||
| Q1 25 | $13.0M | $12.4M | ||
| Q4 24 | $16.7M | $5.6M | ||
| Q3 24 | $18.7M | $2.5M | ||
| Q2 24 | $17.1M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 72.5% | — | ||
| Q3 25 | 70.7% | 12.8% | ||
| Q2 25 | 70.5% | 13.8% | ||
| Q1 25 | 70.7% | 13.6% | ||
| Q4 24 | 72.5% | — | ||
| Q3 24 | 72.8% | 15.4% | ||
| Q2 24 | 72.6% | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 15.8% | 6.2% | ||
| Q2 25 | 16.5% | 9.9% | ||
| Q1 25 | 11.0% | 9.0% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 15.8% | 3.6% | ||
| Q2 24 | 17.2% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | 12.2% | -58.4% | ||
| Q3 25 | 9.8% | 3.5% | ||
| Q2 25 | 10.3% | 6.1% | ||
| Q1 25 | 6.9% | 5.1% | ||
| Q4 24 | 8.8% | -8.5% | ||
| Q3 24 | 9.7% | 1.1% | ||
| Q2 24 | 9.0% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | $0.23 | $2.01 | ||
| Q3 25 | $0.17 | $0.23 | ||
| Q2 25 | $0.19 | $0.41 | ||
| Q1 25 | $0.10 | $0.30 | ||
| Q4 24 | $0.19 | $0.14 | ||
| Q3 24 | $0.18 | $0.06 | ||
| Q2 24 | $0.16 | $0.27 |
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 | $30.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $705.6M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $23.3M | $30.0M | ||
| Q3 25 | $26.3M | $33.6M | ||
| Q2 25 | $26.1M | $30.3M | ||
| Q1 25 | $19.3M | $32.7M | ||
| Q4 24 | $50.4M | $23.1M | ||
| Q3 24 | $69.9M | $26.9M | ||
| Q2 24 | $59.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $469.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $424.5M | ||
| Q1 25 | — | $434.2M | ||
| Q4 24 | — | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $946.0M | $705.6M | ||
| Q3 25 | $973.1M | $725.0M | ||
| Q2 25 | $1.0B | $715.3M | ||
| Q1 25 | $1.0B | $686.6M | ||
| Q4 24 | $1.1B | $667.3M | ||
| Q3 24 | $986.9M | $682.8M | ||
| Q2 24 | $1.2B | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.1B | $1.4B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $5.3B | $1.4B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.4B | $1.4B | ||
| Q2 24 | $5.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | $299.8M | $36.8M |
| FCF MarginFCF / Revenue | 160.3% | 14.4% |
| Capex IntensityCapex / Revenue | 20.7% | 18.9% |
| Cash ConversionOCF / Net Profit | 14.79× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | $338.5M | $41.5M | ||
| Q3 25 | $100.2M | $36.5M | ||
| Q2 25 | $79.9M | $30.3M | ||
| Q1 25 | $85.6M | $9.2M | ||
| Q4 24 | $363.1M | $27.1M | ||
| Q3 24 | $105.7M | $22.0M | ||
| Q2 24 | $83.2M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $299.8M | $36.8M | ||
| Q3 25 | $88.0M | $22.8M | ||
| Q2 25 | $73.8M | $13.2M | ||
| Q1 25 | $79.9M | $-3.8M | ||
| Q4 24 | $344.4M | $12.1M | ||
| Q3 24 | $101.8M | $10.2M | ||
| Q2 24 | $79.5M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | 160.3% | -26.3% | ||
| Q3 25 | 46.6% | 8.5% | ||
| Q2 25 | 39.1% | 4.8% | ||
| Q1 25 | 42.4% | -1.6% | ||
| Q4 24 | 181.2% | -18.3% | ||
| Q3 24 | 52.6% | 4.4% | ||
| Q2 24 | 41.7% | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | 20.7% | -3.4% | ||
| Q3 25 | 6.5% | 5.1% | ||
| Q2 25 | 3.2% | 6.2% | ||
| Q1 25 | 3.0% | 5.4% | ||
| Q4 24 | 9.8% | -22.6% | ||
| Q3 24 | 2.0% | 5.2% | ||
| Q2 24 | 1.9% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | 14.79× | 0.51× | ||
| Q3 25 | 5.44× | 3.92× | ||
| Q2 25 | 4.10× | 1.81× | ||
| Q1 25 | 6.59× | 0.74× | ||
| Q4 24 | 21.70× | 4.80× | ||
| Q3 24 | 5.65× | 8.71× | ||
| Q2 24 | 4.88× | 1.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
