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Side-by-side financial comparison of National Storage Affiliates Trust (NSA) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $187.0M, roughly 1.0× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -4.5%, a 16.7% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
NSA vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $192.4M |
| Net Profit | $22.9M | $-8.6M |
| Gross Margin | 72.5% | 39.1% |
| Operating Margin | 20.2% | -4.6% |
| Net Margin | 12.2% | -4.5% |
| Revenue YoY | -1.6% | 29.5% |
| Net Profit YoY | 36.8% | 12.7% |
| EPS (diluted) | $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 | $192.4M | ||
| Q3 25 | $188.7M | $180.7M | ||
| Q2 25 | $188.8M | $162.5M | ||
| Q1 25 | $188.4M | $151.0M | ||
| Q4 24 | $190.1M | $148.5M | ||
| Q3 24 | $193.6M | $141.7M | ||
| Q2 24 | $190.4M | $132.6M | ||
| Q1 24 | $196.1M | $122.7M |
| Q4 25 | $22.9M | $-8.6M | ||
| Q3 25 | $18.4M | $-11.6M | ||
| Q2 25 | $19.5M | $-26.4M | ||
| Q1 25 | $13.0M | $-15.1M | ||
| Q4 24 | $16.7M | $-9.9M | ||
| Q3 24 | $18.7M | $-10.2M | ||
| Q2 24 | $17.1M | $-13.7M | ||
| Q1 24 | $59.0M | $-16.6M |
| Q4 25 | 72.5% | 39.1% | ||
| Q3 25 | 70.7% | 39.9% | ||
| Q2 25 | 70.5% | 40.1% | ||
| Q1 25 | 70.7% | 37.3% | ||
| Q4 24 | 72.5% | 39.7% | ||
| Q3 24 | 72.8% | 39.4% | ||
| Q2 24 | 72.6% | 39.9% | ||
| Q1 24 | 72.1% | 39.0% |
| Q4 25 | 20.2% | -4.6% | ||
| Q3 25 | 15.8% | -6.1% | ||
| Q2 25 | 16.5% | -6.3% | ||
| Q1 25 | 11.0% | -10.2% | ||
| Q4 24 | 14.5% | -7.8% | ||
| Q3 24 | 15.8% | -8.1% | ||
| Q2 24 | 17.2% | -11.5% | ||
| Q1 24 | 48.9% | -14.6% |
| Q4 25 | 12.2% | -4.5% | ||
| Q3 25 | 9.8% | -6.4% | ||
| Q2 25 | 10.3% | -16.3% | ||
| Q1 25 | 6.9% | -10.0% | ||
| Q4 24 | 8.8% | -6.7% | ||
| Q3 24 | 9.7% | -7.2% | ||
| Q2 24 | 9.0% | -10.3% | ||
| Q1 24 | 30.1% | -13.5% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.17 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.19 | — | ||
| Q3 24 | $0.18 | — | ||
| Q2 24 | $0.16 | — | ||
| Q1 24 | $0.65 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $946.0M | $275.6M |
| Total Assets | $5.1B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.3M | $219.1M | ||
| Q3 25 | $26.3M | $224.5M | ||
| Q2 25 | $26.1M | $225.8M | ||
| Q1 25 | $19.3M | $231.4M | ||
| Q4 24 | $50.4M | $239.8M | ||
| Q3 24 | $69.9M | $234.0M | ||
| Q2 24 | $59.0M | $240.9M | ||
| Q1 24 | $64.2M | $253.8M |
| Q4 25 | $946.0M | $275.6M | ||
| Q3 25 | $973.1M | $272.0M | ||
| Q2 25 | $1.0B | $270.4M | ||
| Q1 25 | $1.0B | $309.9M | ||
| Q4 24 | $1.1B | $314.5M | ||
| Q3 24 | $986.9M | $315.2M | ||
| Q2 24 | $1.2B | $315.8M | ||
| Q1 24 | $1.3B | $320.4M |
| Q4 25 | $5.1B | $703.7M | ||
| Q3 25 | $5.1B | $698.9M | ||
| Q2 25 | $5.2B | $687.0M | ||
| Q1 25 | $5.3B | $690.1M | ||
| Q4 24 | $5.4B | $680.1M | ||
| Q3 24 | $5.4B | $678.2M | ||
| Q2 24 | $5.3B | $678.6M | ||
| Q1 24 | $5.4B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $299.8M | $-5.9M |
| FCF MarginFCF / Revenue | 160.3% | -3.0% |
| Capex IntensityCapex / Revenue | 20.7% | 5.3% |
| Cash ConversionOCF / Net Profit | 14.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $541.5M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.5M | $4.4M | ||
| Q3 25 | $100.2M | $5.8M | ||
| Q2 25 | $79.9M | $-427.0K | ||
| Q1 25 | $85.6M | $-3.7M | ||
| Q4 24 | $363.1M | $9.1M | ||
| Q3 24 | $105.7M | $-3.6M | ||
| Q2 24 | $83.2M | $-9.1M | ||
| Q1 24 | $94.0M | $-11.7M |
| Q4 25 | $299.8M | $-5.9M | ||
| Q3 25 | $88.0M | $-1.7M | ||
| Q2 25 | $73.8M | $-7.4M | ||
| Q1 25 | $79.9M | $-9.2M | ||
| Q4 24 | $344.4M | $4.5M | ||
| Q3 24 | $101.8M | $-8.4M | ||
| Q2 24 | $79.5M | $-13.5M | ||
| Q1 24 | $88.6M | $-16.1M |
| Q4 25 | 160.3% | -3.0% | ||
| Q3 25 | 46.6% | -0.9% | ||
| Q2 25 | 39.1% | -4.5% | ||
| Q1 25 | 42.4% | -6.1% | ||
| Q4 24 | 181.2% | 3.1% | ||
| Q3 24 | 52.6% | -6.0% | ||
| Q2 24 | 41.7% | -10.2% | ||
| Q1 24 | 45.2% | -13.1% |
| Q4 25 | 20.7% | 5.3% | ||
| Q3 25 | 6.5% | 4.1% | ||
| Q2 25 | 3.2% | 4.3% | ||
| Q1 25 | 3.0% | 3.6% | ||
| Q4 24 | 9.8% | 3.1% | ||
| Q3 24 | 2.0% | 3.4% | ||
| Q2 24 | 1.9% | 3.3% | ||
| Q1 24 | 2.7% | 3.5% |
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | — | ||
| Q4 24 | 21.70× | — | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 4.88× | — | ||
| Q1 24 | 1.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NSA
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
