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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($250.2M vs $187.0M, roughly 1.3× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 3.0%, a 9.2% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -3.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (11.8% 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.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
NSA vs USNA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $250.2M |
| Net Profit | $22.9M | $7.5M |
| Gross Margin | 72.5% | 76.2% |
| Operating Margin | 20.2% | 5.5% |
| Net Margin | 12.2% | 3.0% |
| Revenue YoY | -1.6% | -3.0% |
| Net Profit YoY | 36.8% | -20.0% |
| EPS (diluted) | $0.23 | $0.41 |
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 | — | $250.2M | ||
| Q4 25 | $187.0M | $226.2M | ||
| Q3 25 | $188.7M | $213.7M | ||
| Q2 25 | $188.8M | $235.8M | ||
| Q1 25 | $188.4M | $249.5M | ||
| Q4 24 | $190.1M | $213.6M | ||
| Q3 24 | $193.6M | $200.2M | ||
| Q2 24 | $190.4M | — |
| Q1 26 | — | $7.5M | ||
| Q4 25 | $22.9M | $180.0K | ||
| Q3 25 | $18.4M | $-6.5M | ||
| Q2 25 | $19.5M | $9.7M | ||
| Q1 25 | $13.0M | $9.4M | ||
| Q4 24 | $16.7M | $4.5M | ||
| Q3 24 | $18.7M | $10.6M | ||
| Q2 24 | $17.1M | — |
| Q1 26 | — | 76.2% | ||
| Q4 25 | 72.5% | 78.2% | ||
| Q3 25 | 70.7% | 77.2% | ||
| Q2 25 | 70.5% | 78.7% | ||
| Q1 25 | 70.7% | 79.0% | ||
| Q4 24 | 72.5% | 82.0% | ||
| Q3 24 | 72.8% | 80.4% | ||
| Q2 24 | 72.6% | — |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 20.2% | 1.7% | ||
| Q3 25 | 15.8% | 0.6% | ||
| Q2 25 | 16.5% | 7.1% | ||
| Q1 25 | 11.0% | 6.3% | ||
| Q4 24 | 14.5% | 3.8% | ||
| Q3 24 | 15.8% | 7.8% | ||
| Q2 24 | 17.2% | — |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 12.2% | 0.1% | ||
| Q3 25 | 9.8% | -3.1% | ||
| Q2 25 | 10.3% | 4.1% | ||
| Q1 25 | 6.9% | 3.8% | ||
| Q4 24 | 8.8% | 2.1% | ||
| Q3 24 | 9.7% | 5.3% | ||
| Q2 24 | 9.0% | — |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $0.23 | $-0.10 | ||
| Q3 25 | $0.17 | $-0.36 | ||
| Q2 25 | $0.19 | $0.52 | ||
| Q1 25 | $0.10 | $0.49 | ||
| Q4 24 | $0.19 | $0.23 | ||
| Q3 24 | $0.18 | $0.56 | ||
| Q2 24 | $0.16 | — |
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 | $162.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | — |
| Total Assets | $5.1B | $739.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $162.8M | ||
| Q4 25 | $23.3M | $158.4M | ||
| Q3 25 | $26.3M | $145.3M | ||
| Q2 25 | $26.1M | $151.3M | ||
| Q1 25 | $19.3M | $179.6M | ||
| Q4 24 | $50.4M | $181.8M | ||
| Q3 24 | $69.9M | $364.9M | ||
| Q2 24 | $59.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $946.0M | — | ||
| Q3 25 | $973.1M | $528.1M | ||
| Q2 25 | $1.0B | $531.1M | ||
| Q1 25 | $1.0B | $529.8M | ||
| Q4 24 | $1.1B | $532.1M | ||
| Q3 24 | $986.9M | $533.1M | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | $739.0M | ||
| Q4 25 | $5.1B | $742.9M | ||
| Q3 25 | $5.1B | $726.6M | ||
| Q2 25 | $5.2B | $734.5M | ||
| Q1 25 | $5.3B | $746.6M | ||
| Q4 24 | $5.4B | $748.2M | ||
| Q3 24 | $5.4B | $671.3M | ||
| Q2 24 | $5.3B | — |
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.
| Q1 26 | — | — | ||
| Q4 25 | $338.5M | — | ||
| Q3 25 | $100.2M | $-2.0M | ||
| Q2 25 | $79.9M | $12.2M | ||
| Q1 25 | $85.6M | $15.5M | ||
| Q4 24 | $363.1M | $5.8M | ||
| Q3 24 | $105.7M | $29.5M | ||
| Q2 24 | $83.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $299.8M | — | ||
| Q3 25 | $88.0M | $-5.2M | ||
| Q2 25 | $73.8M | $7.2M | ||
| Q1 25 | $79.9M | $12.7M | ||
| Q4 24 | $344.4M | $4.0M | ||
| Q3 24 | $101.8M | $27.1M | ||
| Q2 24 | $79.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 160.3% | — | ||
| Q3 25 | 46.6% | -2.4% | ||
| Q2 25 | 39.1% | 3.0% | ||
| Q1 25 | 42.4% | 5.1% | ||
| Q4 24 | 181.2% | 1.9% | ||
| Q3 24 | 52.6% | 13.6% | ||
| Q2 24 | 41.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | — | ||
| Q3 25 | 6.5% | 1.5% | ||
| Q2 25 | 3.2% | 2.1% | ||
| Q1 25 | 3.0% | 1.1% | ||
| Q4 24 | 9.8% | 0.8% | ||
| Q3 24 | 2.0% | 1.2% | ||
| Q2 24 | 1.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | 1.27× | ||
| Q1 25 | 6.59× | 1.65× | ||
| Q4 24 | 21.70× | 1.29× | ||
| Q3 24 | 5.65× | 2.78× | ||
| Q2 24 | 4.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
