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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and WW INTERNATIONAL, INC. (WW). 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 $184.3M, roughly 1.0× WW INTERNATIONAL, INC.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -30.5%, a 42.8% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -4.5%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $8.4M). Over the past eight quarters, National Storage Affiliates Trust's revenue compounded faster (-2.4% CAGR vs -7.4%).

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.

WW International, Inc., formerly Weight Watchers International, Inc., is a global company headquartered in the U.S. that offers weight loss and maintenance, fitness, and mindset services such as the Weight Watchers comprehensive diet program. Founded in 1963 by Queens, New York City homemaker Jean Nidetch, WW's program has three options as of 2019: online via its mobile app and website, coaching online or by phone, or in-person meetings.

NSA vs WW — Head-to-Head

Bigger by revenue
NSA
NSA
1.0× larger
NSA
$187.0M
$184.3M
WW
Growing faster (revenue YoY)
NSA
NSA
+2.8% gap
NSA
-1.6%
-4.5%
WW
Higher net margin
NSA
NSA
42.8% more per $
NSA
12.2%
-30.5%
WW
More free cash flow
NSA
NSA
$291.4M more FCF
NSA
$299.8M
$8.4M
WW
Faster 2-yr revenue CAGR
NSA
NSA
Annualised
NSA
-2.4%
-7.4%
WW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NSA
NSA
WW
WW
Revenue
$187.0M
$184.3M
Net Profit
$22.9M
$-56.3M
Gross Margin
72.5%
72.2%
Operating Margin
20.2%
5.8%
Net Margin
12.2%
-30.5%
Revenue YoY
-1.6%
-4.5%
Net Profit YoY
36.8%
-21.8%
EPS (diluted)
$0.23
$-5.63

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.

Revenue
NSA
NSA
WW
WW
Q4 25
$187.0M
Q3 25
$188.7M
$184.3M
Q2 25
$188.8M
Q1 25
$188.4M
$186.6M
Q4 24
$190.1M
$184.4M
Q3 24
$193.6M
$192.9M
Q2 24
$190.4M
$202.1M
Q1 24
$196.1M
$206.5M
Net Profit
NSA
NSA
WW
WW
Q4 25
$22.9M
Q3 25
$18.4M
$-56.3M
Q2 25
$19.5M
Q1 25
$13.0M
$-72.6M
Q4 24
$16.7M
$25.1M
Q3 24
$18.7M
$-46.2M
Q2 24
$17.1M
$23.3M
Q1 24
$59.0M
$-347.9M
Gross Margin
NSA
NSA
WW
WW
Q4 25
72.5%
Q3 25
70.7%
72.2%
Q2 25
70.5%
Q1 25
70.7%
71.2%
Q4 24
72.5%
69.7%
Q3 24
72.8%
67.1%
Q2 24
72.6%
67.9%
Q1 24
72.1%
66.7%
Operating Margin
NSA
NSA
WW
WW
Q4 25
20.2%
Q3 25
15.8%
5.8%
Q2 25
16.5%
Q1 25
11.0%
-10.8%
Q4 24
14.5%
19.6%
Q3 24
15.8%
-20.2%
Q2 24
17.2%
17.8%
Q1 24
48.9%
-130.4%
Net Margin
NSA
NSA
WW
WW
Q4 25
12.2%
Q3 25
9.8%
-30.5%
Q2 25
10.3%
Q1 25
6.9%
-38.9%
Q4 24
8.8%
13.6%
Q3 24
9.7%
-23.9%
Q2 24
9.0%
11.5%
Q1 24
30.1%
-168.4%
EPS (diluted)
NSA
NSA
WW
WW
Q4 25
$0.23
Q3 25
$0.17
$-5.63
Q2 25
$0.19
Q1 25
$0.10
$-0.91
Q4 24
$0.19
$0.34
Q3 24
$0.18
$-0.58
Q2 24
$0.16
$0.29
Q1 24
$0.65
$-4.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NSA
NSA
WW
WW
Cash + ST InvestmentsLiquidity on hand
$23.3M
$170.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$946.0M
$323.0M
Total Assets
$5.1B
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NSA
NSA
WW
WW
Q4 25
$23.3M
Q3 25
$26.3M
$170.1M
Q2 25
$26.1M
Q1 25
$19.3M
$236.3M
Q4 24
$50.4M
$53.0M
Q3 24
$69.9M
$57.2M
Q2 24
$59.0M
$42.7M
Q1 24
$64.2M
$66.6M
Total Debt
NSA
NSA
WW
WW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
NSA
NSA
WW
WW
Q4 25
$946.0M
Q3 25
$973.1M
$323.0M
Q2 25
$1.0B
Q1 25
$1.0B
$-1.2B
Q4 24
$1.1B
$-1.1B
Q3 24
$986.9M
$-1.1B
Q2 24
$1.2B
$-1.1B
Q1 24
$1.3B
$-1.1B
Total Assets
NSA
NSA
WW
WW
Q4 25
$5.1B
Q3 25
$5.1B
$968.8M
Q2 25
$5.2B
Q1 25
$5.3B
$696.9M
Q4 24
$5.4B
$550.3M
Q3 24
$5.4B
$562.4M
Q2 24
$5.3B
$614.3M
Q1 24
$5.4B
$654.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NSA
NSA
WW
WW
Operating Cash FlowLast quarter
$338.5M
$8.4M
Free Cash FlowOCF − Capex
$299.8M
$8.4M
FCF MarginFCF / Revenue
160.3%
4.6%
Capex IntensityCapex / Revenue
20.7%
0.0%
Cash ConversionOCF / Net Profit
14.79×
TTM Free Cash FlowTrailing 4 quarters
$541.5M
$44.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NSA
NSA
WW
WW
Q4 25
$338.5M
Q3 25
$100.2M
$8.4M
Q2 25
$79.9M
Q1 25
$85.6M
$15.0M
Q4 24
$363.1M
$4.6M
Q3 24
$105.7M
$16.5M
Q2 24
$83.2M
$-1.9M
Q1 24
$94.0M
$-36.0M
Free Cash Flow
NSA
NSA
WW
WW
Q4 25
$299.8M
Q3 25
$88.0M
$8.4M
Q2 25
$73.8M
Q1 25
$79.9M
$15.0M
Q4 24
$344.4M
$4.5M
Q3 24
$101.8M
$16.4M
Q2 24
$79.5M
$-2.2M
Q1 24
$88.6M
$-36.5M
FCF Margin
NSA
NSA
WW
WW
Q4 25
160.3%
Q3 25
46.6%
4.6%
Q2 25
39.1%
Q1 25
42.4%
8.0%
Q4 24
181.2%
2.4%
Q3 24
52.6%
8.5%
Q2 24
41.7%
-1.1%
Q1 24
45.2%
-17.7%
Capex Intensity
NSA
NSA
WW
WW
Q4 25
20.7%
Q3 25
6.5%
0.0%
Q2 25
3.2%
Q1 25
3.0%
0.0%
Q4 24
9.8%
0.1%
Q3 24
2.0%
0.1%
Q2 24
1.9%
0.1%
Q1 24
2.7%
0.2%
Cash Conversion
NSA
NSA
WW
WW
Q4 25
14.79×
Q3 25
5.44×
Q2 25
4.10×
Q1 25
6.59×
Q4 24
21.70×
0.18×
Q3 24
5.65×
Q2 24
4.88×
-0.08×
Q1 24
1.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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