What are National Storage Affiliates's profit margins?

National Storage Affiliates (NSA) runs a 71.4% gross margin and a 30.7% operating margin, with a 10.5% net margin.

Where do National Storage Affiliates's ratios come from?

Every ratio is computed from National Storage Affiliates's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

National Storage Affiliates NSA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	71.4%+0.3pp	71.1%0.0pp	71.1%-0.5pp	71.7%-0.5pp	72.2%-0.3pp
Net margin	10.5%+0.7pp	9.8%+0.9pp	8.9%0.0pp	8.9%+0.3pp	8.6%-5.9pp
Returns
Return on equity	8.1%+0.8pp	7.3%+0.4pp	6.9%+0.7pp	6.2%+0.5pp	5.7%-3.3pp
Return on invested capital	6%-0.2pp	6.2%+0.5pp	5.8%+0.3pp	5.4%+0.1pp	5.4%-1.7pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	4×+0.4×	3.6×-0.3×	3.9×+0.1×	3.8×+0.1×	3.7×+0.5×
Net debt / EBITDA	7.6×+0.4×	7.2×-0.9×	8.2×0.0×	8.2×-0.1×	8.3×+1.8×
Per Share
Book value per share	$11.84-4.1%	$12.34-2.6%	$12.68-3.2%	$13.10-3.2%	$13.54-3.3%
Valuation
Market capitalization	$2.91B+34.1%	$2.17B-6.4%	$2.32B-7.2%	$2.5B-17.0%	$3.01B+4.2%
Price / earnings	37.1×+7.6×	29.4×-4.9×	34.3×-2.5×	36.8×-9.2×	46×+20.1×
Price / sales	3.9×+1.0×	2.9×-0.2×	3.1×-0.2×	3.3×-0.7×	3.9×+0.2×
Price / book	3.2×+0.9×	2.3×-0.1×	2.4×-0.1×	2.5×-0.4×	2.9×+0.2×
EV / EBITDA	13.7×+1.9×	11.8×-1.4×	13.2×-0.4×	13.6×-1.3×	14.9×+3.0×
Dividend yield	6%-2.0pp	8.1%+0.5pp	7.5%+0.6pp	6.9%+1.2pp	5.7%-0.2pp

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Questions, answered.

What are National Storage Affiliates's profit margins?: National Storage Affiliates (NSA) runs a 71.4% gross margin and a 30.7% operating margin, with a 10.5% net margin.
Where do National Storage Affiliates's ratios come from?: Every ratio is computed from National Storage Affiliates's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.