vs
Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $187.0M, roughly 1.1× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 7.6%, a 4.6% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
NSA vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $213.6M |
| Net Profit | $22.9M | $16.3M |
| Gross Margin | 72.5% | 35.8% |
| Operating Margin | 20.2% | 10.0% |
| Net Margin | 12.2% | 7.6% |
| Revenue YoY | -1.6% | 28.7% |
| Net Profit YoY | 36.8% | 54.3% |
| EPS (diluted) | $0.23 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $188.7M | $198.9M | ||
| Q2 25 | $188.8M | $184.8M | ||
| Q1 25 | $188.4M | $162.2M | ||
| Q4 24 | $190.1M | $166.0M | ||
| Q3 24 | $193.6M | $145.0M | ||
| Q2 24 | $190.4M | $147.4M | ||
| Q1 24 | $196.1M | $147.9M |
| Q4 25 | $22.9M | $16.3M | ||
| Q3 25 | $18.4M | $16.4M | ||
| Q2 25 | $19.5M | $16.6M | ||
| Q1 25 | $13.0M | $16.9M | ||
| Q4 24 | $16.7M | $10.6M | ||
| Q3 24 | $18.7M | $7.4M | ||
| Q2 24 | $17.1M | $16.3M | ||
| Q1 24 | $59.0M | $19.0M |
| Q4 25 | 72.5% | 35.8% | ||
| Q3 25 | 70.7% | 37.7% | ||
| Q2 25 | 70.5% | 38.9% | ||
| Q1 25 | 70.7% | 38.5% | ||
| Q4 24 | 72.5% | 36.1% | ||
| Q3 24 | 72.8% | 36.9% | ||
| Q2 24 | 72.6% | 39.1% | ||
| Q1 24 | 72.1% | 39.8% |
| Q4 25 | 20.2% | 10.0% | ||
| Q3 25 | 15.8% | 10.8% | ||
| Q2 25 | 16.5% | 12.9% | ||
| Q1 25 | 11.0% | 13.4% | ||
| Q4 24 | 14.5% | 7.8% | ||
| Q3 24 | 15.8% | 6.4% | ||
| Q2 24 | 17.2% | 11.6% | ||
| Q1 24 | 48.9% | 16.3% |
| Q4 25 | 12.2% | 7.6% | ||
| Q3 25 | 9.8% | 8.3% | ||
| Q2 25 | 10.3% | 9.0% | ||
| Q1 25 | 6.9% | 10.4% | ||
| Q4 24 | 8.8% | 6.4% | ||
| Q3 24 | 9.7% | 5.1% | ||
| Q2 24 | 9.0% | 11.1% | ||
| Q1 24 | 30.1% | 12.9% |
| Q4 25 | $0.23 | $0.35 | ||
| Q3 25 | $0.17 | $0.36 | ||
| Q2 25 | $0.19 | $0.36 | ||
| Q1 25 | $0.10 | $0.37 | ||
| Q4 24 | $0.19 | $0.23 | ||
| Q3 24 | $0.18 | $0.16 | ||
| Q2 24 | $0.16 | $0.36 | ||
| Q1 24 | $0.65 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $351.3M |
| Total Assets | $5.1B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $48.8M | ||
| Q3 25 | $26.3M | $93.8M | ||
| Q2 25 | $26.1M | $108.2M | ||
| Q1 25 | $19.3M | $156.3M | ||
| Q4 24 | $50.4M | $150.6M | ||
| Q3 24 | $69.9M | $149.5M | ||
| Q2 24 | $59.0M | $133.2M | ||
| Q1 24 | $64.2M | $113.8M |
| Q4 25 | $946.0M | $351.3M | ||
| Q3 25 | $973.1M | $331.2M | ||
| Q2 25 | $1.0B | $309.8M | ||
| Q1 25 | $1.0B | $288.9M | ||
| Q4 24 | $1.1B | $269.3M | ||
| Q3 24 | $986.9M | $253.4M | ||
| Q2 24 | $1.2B | $238.4M | ||
| Q1 24 | $1.3B | $213.3M |
| Q4 25 | $5.1B | $518.7M | ||
| Q3 25 | $5.1B | $481.5M | ||
| Q2 25 | $5.2B | $430.8M | ||
| Q1 25 | $5.3B | $376.9M | ||
| Q4 24 | $5.4B | $359.3M | ||
| Q3 24 | $5.4B | $344.7M | ||
| Q2 24 | $5.3B | $320.5M | ||
| Q1 24 | $5.4B | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $299.8M | $-32.1M |
| FCF MarginFCF / Revenue | 160.3% | -15.1% |
| Capex IntensityCapex / Revenue | 20.7% | 17.8% |
| Cash ConversionOCF / Net Profit | 14.79× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $5.8M | ||
| Q3 25 | $100.2M | $23.4M | ||
| Q2 25 | $79.9M | $-761.0K | ||
| Q1 25 | $85.6M | $5.3M | ||
| Q4 24 | $363.1M | $14.8M | ||
| Q3 24 | $105.7M | $10.0M | ||
| Q2 24 | $83.2M | $16.1M | ||
| Q1 24 | $94.0M | $23.9M |
| Q4 25 | $299.8M | $-32.1M | ||
| Q3 25 | $88.0M | $-10.6M | ||
| Q2 25 | $73.8M | $-7.6M | ||
| Q1 25 | $79.9M | $2.1M | ||
| Q4 24 | $344.4M | $-3.4M | ||
| Q3 24 | $101.8M | $6.4M | ||
| Q2 24 | $79.5M | $10.5M | ||
| Q1 24 | $88.6M | $22.6M |
| Q4 25 | 160.3% | -15.1% | ||
| Q3 25 | 46.6% | -5.3% | ||
| Q2 25 | 39.1% | -4.1% | ||
| Q1 25 | 42.4% | 1.3% | ||
| Q4 24 | 181.2% | -2.0% | ||
| Q3 24 | 52.6% | 4.4% | ||
| Q2 24 | 41.7% | 7.2% | ||
| Q1 24 | 45.2% | 15.3% |
| Q4 25 | 20.7% | 17.8% | ||
| Q3 25 | 6.5% | 17.1% | ||
| Q2 25 | 3.2% | 3.7% | ||
| Q1 25 | 3.0% | 1.9% | ||
| Q4 24 | 9.8% | 10.9% | ||
| Q3 24 | 2.0% | 2.5% | ||
| Q2 24 | 1.9% | 3.8% | ||
| Q1 24 | 2.7% | 0.9% |
| Q4 25 | 14.79× | 0.35× | ||
| Q3 25 | 5.44× | 1.43× | ||
| Q2 25 | 4.10× | -0.05× | ||
| Q1 25 | 6.59× | 0.31× | ||
| Q4 24 | 21.70× | 1.40× | ||
| Q3 24 | 5.65× | 1.34× | ||
| Q2 24 | 4.88× | 0.99× | ||
| Q1 24 | 1.59× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
