vs
Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $187.0M, roughly 1.2× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 5.8%, a 6.4% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
NSA vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $220.8M |
| Net Profit | $22.9M | $12.8M |
| Gross Margin | 72.5% | — |
| Operating Margin | 20.2% | 7.1% |
| Net Margin | 12.2% | 5.8% |
| Revenue YoY | -1.6% | 9.6% |
| Net Profit YoY | 36.8% | -42.1% |
| EPS (diluted) | $0.23 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $188.7M | $222.4M | ||
| Q2 25 | $188.8M | $204.3M | ||
| Q1 25 | $188.4M | $207.4M | ||
| Q4 24 | $190.1M | $201.4M | ||
| Q3 24 | $193.6M | $196.4M | ||
| Q2 24 | $190.4M | $177.5M | ||
| Q1 24 | $196.1M | $184.2M |
| Q4 25 | $22.9M | $12.8M | ||
| Q3 25 | $18.4M | $18.8M | ||
| Q2 25 | $19.5M | $10.7M | ||
| Q1 25 | $13.0M | $11.4M | ||
| Q4 24 | $16.7M | $22.2M | ||
| Q3 24 | $18.7M | $18.8M | ||
| Q2 24 | $17.1M | $5.0M | ||
| Q1 24 | $59.0M | $7.8M |
| Q4 25 | 72.5% | — | ||
| Q3 25 | 70.7% | — | ||
| Q2 25 | 70.5% | — | ||
| Q1 25 | 70.7% | — | ||
| Q4 24 | 72.5% | — | ||
| Q3 24 | 72.8% | — | ||
| Q2 24 | 72.6% | — | ||
| Q1 24 | 72.1% | — |
| Q4 25 | 20.2% | 7.1% | ||
| Q3 25 | 15.8% | 11.2% | ||
| Q2 25 | 16.5% | 6.9% | ||
| Q1 25 | 11.0% | 8.1% | ||
| Q4 24 | 14.5% | 13.6% | ||
| Q3 24 | 15.8% | 13.3% | ||
| Q2 24 | 17.2% | 4.2% | ||
| Q1 24 | 48.9% | 6.1% |
| Q4 25 | 12.2% | 5.8% | ||
| Q3 25 | 9.8% | 8.4% | ||
| Q2 25 | 10.3% | 5.2% | ||
| Q1 25 | 6.9% | 5.5% | ||
| Q4 24 | 8.8% | 11.0% | ||
| Q3 24 | 9.7% | 9.6% | ||
| Q2 24 | 9.0% | 2.8% | ||
| Q1 24 | 30.1% | 4.2% |
| Q4 25 | $0.23 | $0.23 | ||
| Q3 25 | $0.17 | $0.33 | ||
| Q2 25 | $0.19 | $0.19 | ||
| Q1 25 | $0.10 | $0.21 | ||
| Q4 24 | $0.19 | $0.40 | ||
| Q3 24 | $0.18 | $0.35 | ||
| Q2 24 | $0.16 | $0.09 | ||
| Q1 24 | $0.65 | $0.14 |
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 | — | $101.4M |
| Stockholders' EquityBook value | $946.0M | $335.9M |
| Total Assets | $5.1B | $834.0M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $162.8M | ||
| Q3 25 | $26.3M | $169.1M | ||
| Q2 25 | $26.1M | $70.7M | ||
| Q1 25 | $19.3M | $96.0M | ||
| Q4 24 | $50.4M | $172.0M | ||
| Q3 24 | $69.9M | $161.9M | ||
| Q2 24 | $59.0M | $115.5M | ||
| Q1 24 | $64.2M | $116.1M |
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $946.0M | $335.9M | ||
| Q3 25 | $973.1M | $328.1M | ||
| Q2 25 | $1.0B | $306.8M | ||
| Q1 25 | $1.0B | $293.9M | ||
| Q4 24 | $1.1B | $280.0M | ||
| Q3 24 | $986.9M | $260.2M | ||
| Q2 24 | $1.2B | $239.4M | ||
| Q1 24 | $1.3B | $232.6M |
| Q4 25 | $5.1B | $834.0M | ||
| Q3 25 | $5.1B | $826.1M | ||
| Q2 25 | $5.2B | $740.8M | ||
| Q1 25 | $5.3B | $720.4M | ||
| Q4 24 | $5.4B | $753.8M | ||
| Q3 24 | $5.4B | $744.6M | ||
| Q2 24 | $5.3B | $706.0M | ||
| Q1 24 | $5.4B | $702.1M |
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| Free Cash FlowOCF − Capex | $299.8M | $-19.2M |
| FCF MarginFCF / Revenue | 160.3% | -8.7% |
| Capex IntensityCapex / Revenue | 20.7% | 10.1% |
| Cash ConversionOCF / Net Profit | 14.79× | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $3.1M | ||
| Q3 25 | $100.2M | $57.1M | ||
| Q2 25 | $79.9M | $18.1M | ||
| Q1 25 | $85.6M | $-789.0K | ||
| Q4 24 | $363.1M | $23.0M | ||
| Q3 24 | $105.7M | $67.5M | ||
| Q2 24 | $83.2M | $10.0M | ||
| Q1 24 | $94.0M | $-2.5M |
| Q4 25 | $299.8M | $-19.2M | ||
| Q3 25 | $88.0M | $40.6M | ||
| Q2 25 | $73.8M | $6.8M | ||
| Q1 25 | $79.9M | $-11.7M | ||
| Q4 24 | $344.4M | $19.6M | ||
| Q3 24 | $101.8M | $60.0M | ||
| Q2 24 | $79.5M | $3.0M | ||
| Q1 24 | $88.6M | $-8.4M |
| Q4 25 | 160.3% | -8.7% | ||
| Q3 25 | 46.6% | 18.3% | ||
| Q2 25 | 39.1% | 3.4% | ||
| Q1 25 | 42.4% | -5.7% | ||
| Q4 24 | 181.2% | 9.7% | ||
| Q3 24 | 52.6% | 30.6% | ||
| Q2 24 | 41.7% | 1.7% | ||
| Q1 24 | 45.2% | -4.6% |
| Q4 25 | 20.7% | 10.1% | ||
| Q3 25 | 6.5% | 7.4% | ||
| Q2 25 | 3.2% | 5.5% | ||
| Q1 25 | 3.0% | 5.3% | ||
| Q4 24 | 9.8% | 1.7% | ||
| Q3 24 | 2.0% | 3.8% | ||
| Q2 24 | 1.9% | 4.0% | ||
| Q1 24 | 2.7% | 3.2% |
| Q4 25 | 14.79× | 0.24× | ||
| Q3 25 | 5.44× | 3.04× | ||
| Q2 25 | 4.10× | 1.69× | ||
| Q1 25 | 6.59× | -0.07× | ||
| Q4 24 | 21.70× | 1.04× | ||
| Q3 24 | 5.65× | 3.58× | ||
| Q2 24 | 4.88× | 2.01× | ||
| Q1 24 | 1.59× | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
