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Side-by-side financial comparison of SI-BONE, Inc. (SIBN) and SmartStop Self Storage REIT, Inc. (SMA). Click either name above to swap in a different company.

SmartStop Self Storage REIT, Inc. is the larger business by last-quarter revenue ($78.4M vs $56.3M, roughly 1.4× SI-BONE, Inc.). SmartStop Self Storage REIT, Inc. runs the higher net margin — 3.8% vs -2.9%, a 6.7% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% vs 15.0%). Over the past eight quarters, SI-BONE, Inc.'s revenue compounded faster (22.0% CAGR vs 17.3%).

Bone Clones, Inc. manufactures, distributes, and sells osteological reproductions of human and animal bones. Located in Chatsworth, California, Bone Clones provides these reproductions to museums, universities, medical schools, and other educational institutions.

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

SIBN vs SMA — Head-to-Head

Bigger by revenue
SMA
SMA
1.4× larger
SMA
$78.4M
$56.3M
SIBN
Growing faster (revenue YoY)
SMA
SMA
+14.4% gap
SMA
29.4%
15.0%
SIBN
Higher net margin
SMA
SMA
6.7% more per $
SMA
3.8%
-2.9%
SIBN
Faster 2-yr revenue CAGR
SIBN
SIBN
Annualised
SIBN
22.0%
17.3%
SMA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SIBN
SIBN
SMA
SMA
Revenue
$56.3M
$78.4M
Net Profit
$-1.6M
$3.0M
Gross Margin
79.0%
61.2%
Operating Margin
-4.4%
24.0%
Net Margin
-2.9%
3.8%
Revenue YoY
15.0%
29.4%
Net Profit YoY
63.4%
2080.0%
EPS (diluted)
$-0.04

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
SIBN
SIBN
SMA
SMA
Q4 25
$56.3M
$78.4M
Q3 25
$48.7M
$70.4M
Q2 25
$48.6M
$66.8M
Q1 25
$47.3M
$65.4M
Q4 24
$49.0M
$60.6M
Q3 24
$40.3M
$60.2M
Q2 24
$40.0M
$59.2M
Q1 24
$37.9M
$57.0M
Net Profit
SIBN
SIBN
SMA
SMA
Q4 25
$-1.6M
$3.0M
Q3 25
$-4.6M
$5.2M
Q2 25
$-6.2M
$-4.8M
Q1 25
$-6.5M
$-5.5M
Q4 24
$-4.5M
$-150.0K
Q3 24
$-6.6M
$-6.2M
Q2 24
$-8.9M
$-705.0K
Q1 24
$-10.9M
$-1.6M
Gross Margin
SIBN
SIBN
SMA
SMA
Q4 25
79.0%
61.2%
Q3 25
79.8%
60.9%
Q2 25
79.8%
59.3%
Q1 25
79.7%
64.1%
Q4 24
79.1%
66.3%
Q3 24
79.1%
64.8%
Q2 24
79.0%
66.4%
Q1 24
78.9%
65.1%
Operating Margin
SIBN
SIBN
SMA
SMA
Q4 25
-4.4%
24.0%
Q3 25
-11.1%
18.1%
Q2 25
-14.4%
15.4%
Q1 25
-15.8%
26.3%
Q4 24
-11.2%
29.4%
Q3 24
-18.9%
29.4%
Q2 24
-25.2%
29.9%
Q1 24
-31.8%
28.0%
Net Margin
SIBN
SIBN
SMA
SMA
Q4 25
-2.9%
3.8%
Q3 25
-9.4%
7.4%
Q2 25
-12.7%
-7.2%
Q1 25
-13.8%
-8.3%
Q4 24
-9.2%
-0.2%
Q3 24
-16.3%
-10.3%
Q2 24
-22.4%
-1.2%
Q1 24
-28.8%
-2.9%
EPS (diluted)
SIBN
SIBN
SMA
SMA
Q4 25
$-0.04
Q3 25
$-0.11
$0.09
Q2 25
$-0.14
$-0.16
Q1 25
$-0.15
$-0.35
Q4 24
$-0.10
Q3 24
$-0.16
$-0.26
Q2 24
$-0.22
$-0.16
Q1 24
$-0.27
$-0.20

Balance Sheet & Financial Strength

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

Metric
SIBN
SIBN
SMA
SMA
Cash + ST InvestmentsLiquidity on hand
$42.2M
$54.2M
Total DebtLower is stronger
$35.6M
Stockholders' EquityBook value
$177.5M
$1.2B
Total Assets
$238.6M
$2.4B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SIBN
SIBN
SMA
SMA
Q4 25
$42.2M
$54.2M
Q3 25
$26.5M
$47.8M
Q2 25
$34.1M
$37.7M
Q1 25
$41.2M
$35.2M
Q4 24
$34.9M
$23.1M
Q3 24
$30.2M
$36.7M
Q2 24
$25.6M
$34.7M
Q1 24
$32.0M
$39.2M
Total Debt
SIBN
SIBN
SMA
SMA
Q4 25
$35.6M
Q3 25
$35.5M
Q2 25
$35.5M
Q1 25
$35.5M
Q4 24
$35.5M
Q3 24
$36.2M
Q2 24
$36.1M
Q1 24
$36.1M
Stockholders' Equity
SIBN
SIBN
SMA
SMA
Q4 25
$177.5M
$1.2B
Q3 25
$172.1M
$1.2B
Q2 25
$170.3M
$1.2B
Q1 25
$167.3M
$303.0M
Q4 24
$167.0M
$325.7M
Q3 24
$165.0M
$343.9M
Q2 24
$164.7M
$365.8M
Q1 24
$165.5M
$384.8M
Total Assets
SIBN
SIBN
SMA
SMA
Q4 25
$238.6M
$2.4B
Q3 25
$234.3M
$2.4B
Q2 25
$230.9M
$2.3B
Q1 25
$227.3M
$2.1B
Q4 24
$230.4M
$2.0B
Q3 24
$227.0M
$1.9B
Q2 24
$223.8M
$1.9B
Q1 24
$223.7M
$1.9B
Debt / Equity
SIBN
SIBN
SMA
SMA
Q4 25
0.20×
Q3 25
0.21×
Q2 25
0.21×
Q1 25
0.21×
Q4 24
0.21×
Q3 24
0.22×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
SIBN
SIBN
SMA
SMA
Operating Cash FlowLast quarter
$1.7M
$85.0M
Free Cash FlowOCF − Capex
$440.0K
FCF MarginFCF / Revenue
0.8%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
28.61×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SIBN
SIBN
SMA
SMA
Q4 25
$1.7M
$85.0M
Q3 25
$2.3M
$52.1M
Q2 25
$173.0K
$8.0M
Q1 25
$-4.9M
$10.6M
Q4 24
$1.2M
$64.0M
Q3 24
$302.0K
$21.7M
Q2 24
$-6.3M
$17.3M
Q1 24
$-7.6M
$14.4M
Free Cash Flow
SIBN
SIBN
SMA
SMA
Q4 25
$440.0K
Q3 25
$-620.0K
Q2 25
$-1.9M
Q1 25
$-7.0M
Q4 24
$-1.1M
Q3 24
$-2.7M
Q2 24
$-9.4M
Q1 24
$-9.7M
FCF Margin
SIBN
SIBN
SMA
SMA
Q4 25
0.8%
Q3 25
-1.3%
Q2 25
-4.0%
Q1 25
-14.8%
Q4 24
-2.2%
Q3 24
-6.8%
Q2 24
-23.6%
Q1 24
-25.5%
Capex Intensity
SIBN
SIBN
SMA
SMA
Q4 25
2.3%
Q3 25
6.1%
Q2 25
4.3%
Q1 25
4.4%
Q4 24
4.6%
Q3 24
7.5%
Q2 24
7.8%
Q1 24
5.5%
Cash Conversion
SIBN
SIBN
SMA
SMA
Q4 25
28.61×
Q3 25
9.96×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SIBN
SIBN

US$53.5M95%
Non Us$2.9M5%

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

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