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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and VICOR CORP (VICR). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $113.0M, roughly 1.7× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 12.2%, a 6.1% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs -1.6%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
NSA vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $113.0M |
| Net Profit | $22.9M | $20.7M |
| Gross Margin | 72.5% | — |
| Operating Margin | 20.2% | 59.7% |
| Net Margin | 12.2% | 18.3% |
| Revenue YoY | -1.6% | 20.2% |
| Net Profit YoY | 36.8% | 713.9% |
| EPS (diluted) | $0.23 | $0.44 |
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 | — | $113.0M | ||
| Q4 25 | $187.0M | $107.3M | ||
| Q3 25 | $188.7M | $110.4M | ||
| Q2 25 | $188.8M | $96.0M | ||
| Q1 25 | $188.4M | $94.0M | ||
| Q4 24 | $190.1M | $96.2M | ||
| Q3 24 | $193.6M | $93.2M | ||
| Q2 24 | $190.4M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $22.9M | $46.5M | ||
| Q3 25 | $18.4M | $28.3M | ||
| Q2 25 | $19.5M | $41.2M | ||
| Q1 25 | $13.0M | $2.5M | ||
| Q4 24 | $16.7M | $10.2M | ||
| Q3 24 | $18.7M | $11.6M | ||
| Q2 24 | $17.1M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 72.5% | 55.4% | ||
| Q3 25 | 70.7% | 57.5% | ||
| Q2 25 | 70.5% | 95.9% | ||
| Q1 25 | 70.7% | 47.2% | ||
| Q4 24 | 72.5% | 52.4% | ||
| Q3 24 | 72.8% | 49.1% | ||
| Q2 24 | 72.6% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 20.2% | 14.6% | ||
| Q3 25 | 15.8% | 18.9% | ||
| Q2 25 | 16.5% | 47.3% | ||
| Q1 25 | 11.0% | -0.2% | ||
| Q4 24 | 14.5% | 9.6% | ||
| Q3 24 | 15.8% | 5.8% | ||
| Q2 24 | 17.2% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 12.2% | 43.4% | ||
| Q3 25 | 9.8% | 25.6% | ||
| Q2 25 | 10.3% | 42.9% | ||
| Q1 25 | 6.9% | 2.7% | ||
| Q4 24 | 8.8% | 10.7% | ||
| Q3 24 | 9.7% | 12.4% | ||
| Q2 24 | 9.0% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.23 | $1.01 | ||
| Q3 25 | $0.17 | $0.63 | ||
| Q2 25 | $0.19 | $0.91 | ||
| Q1 25 | $0.10 | $0.06 | ||
| Q4 24 | $0.19 | $0.24 | ||
| Q3 24 | $0.18 | $0.26 | ||
| Q2 24 | $0.16 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $754.1M |
| Total Assets | $5.1B | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $23.3M | $402.8M | ||
| Q3 25 | $26.3M | $362.4M | ||
| Q2 25 | $26.1M | $338.5M | ||
| Q1 25 | $19.3M | $296.1M | ||
| Q4 24 | $50.4M | $277.3M | ||
| Q3 24 | $69.9M | $267.6M | ||
| Q2 24 | $59.0M | $251.9M |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $946.0M | $711.6M | ||
| Q3 25 | $973.1M | $630.1M | ||
| Q2 25 | $1.0B | $608.6M | ||
| Q1 25 | $1.0B | $580.3M | ||
| Q4 24 | $1.1B | $570.1M | ||
| Q3 24 | $986.9M | $554.6M | ||
| Q2 24 | $1.2B | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $5.1B | $785.8M | ||
| Q3 25 | $5.1B | $710.2M | ||
| Q2 25 | $5.2B | $693.5M | ||
| Q1 25 | $5.3B | $665.0M | ||
| Q4 24 | $5.4B | $641.1M | ||
| Q3 24 | $5.4B | $632.8M | ||
| Q2 24 | $5.3B | $613.2M |
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 | $15.7M | ||
| Q3 25 | $100.2M | $38.5M | ||
| Q2 25 | $79.9M | $65.2M | ||
| Q1 25 | $85.6M | $20.1M | ||
| Q4 24 | $363.1M | $10.1M | ||
| Q3 24 | $105.7M | $22.6M | ||
| Q2 24 | $83.2M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $299.8M | $10.2M | ||
| Q3 25 | $88.0M | $34.5M | ||
| Q2 25 | $73.8M | $59.0M | ||
| Q1 25 | $79.9M | $15.6M | ||
| Q4 24 | $344.4M | $8.4M | ||
| Q3 24 | $101.8M | $14.1M | ||
| Q2 24 | $79.5M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 160.3% | 9.5% | ||
| Q3 25 | 46.6% | 31.2% | ||
| Q2 25 | 39.1% | 61.5% | ||
| Q1 25 | 42.4% | 16.6% | ||
| Q4 24 | 181.2% | 8.7% | ||
| Q3 24 | 52.6% | 15.2% | ||
| Q2 24 | 41.7% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 5.2% | ||
| Q3 25 | 6.5% | 3.6% | ||
| Q2 25 | 3.2% | 6.5% | ||
| Q1 25 | 3.0% | 4.8% | ||
| Q4 24 | 9.8% | 1.8% | ||
| Q3 24 | 2.0% | 9.1% | ||
| Q2 24 | 1.9% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 14.79× | 0.34× | ||
| Q3 25 | 5.44× | 1.36× | ||
| Q2 25 | 4.10× | 1.58× | ||
| Q1 25 | 6.59× | 7.93× | ||
| Q4 24 | 21.70× | 0.99× | ||
| Q3 24 | 5.65× | 1.95× | ||
| Q2 24 | 4.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
