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%-0.8pp	71.1%-1.4pp	71.1%-1.7pp	71.7%-1.3pp	72.2%-1.0pp
Net margin	10.5%+1.9pp	9.8%-4.7pp	8.9%-11.6pp	8.9%-12.3pp	8.6%-13.5pp
EBITDA margin	63.4%+3.2pp	62.6%-6.4pp	61.1%-17.2pp	60.7%-18.1pp	60.2%-19.4pp
Free cash flow margin	39.6%-4.4pp	39.8%-4.9pp	41.8%-2.9pp	43.4%-2.3pp	44%-2.6pp
Returns
Return on equity	8.1%+2.4pp	7.3%-1.6pp	6.9%-6.5pp	6.2%-6.2pp	5.7%-7.2pp
Return on assets	1.5%+0.3pp	1.4%-0.6pp	1.3%-1.6pp	1.3%-1.7pp	1.2%-2.0pp
Return on invested capital	6%+0.7pp	6.2%-0.8pp	5.8%-2.8pp	5.4%-3.1pp	5.4%-3.5pp
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×+0.3×	3.6×+0.4×	3.9×+0.4×	3.8×+0.7×	3.7×+0.9×
Debt-to-assets	0.7×0.0×	0.7×0.0×	0.7×+0.1×	0.7×0.0×	0.7×+0.1×
Net debt / EBITDA	7.6×-0.7×	7.2×+0.8×	8.2×+2.8×	8.2×+2.5×	8.3×+3.0×
Interest coverage	1.8×+0.1×	1.7×-0.5×	1.7×-1.0×	1.7×-1.0×	1.7×-1.0×
Per Share
Book value per share	$11.84-12.5%	$12.34-11.8%	$12.68-2.7%	$13.10-17.3%	$13.54+46.5%
Valuation
Market capitalization	$2.91B-3.3%	$2.17B-24.9%	$2.32B-36.0%	$2.5B-24.4%	$3.01B-4.1%
Enterprise value	$6.54B-4.1%	$5.58B-11.7%	$6.09B-12.9%	$6.27B-9.8%	$6.82B+1.9%
Price / earnings	37.1×-8.9×	29.4×+3.5×	34.3×+12.2×	36.8×+17.8×	46×+29.2×
Price / sales	3.9×-0.1×	2.9×-0.9×	3.1×-1.5×	3.3×-0.7×	3.9×+0.2×
Price / book	3.2×+0.3×	2.3×-0.4×	2.4×-1.3×	2.5×-0.3×	2.9×+0.5×
EV / EBITDA	13.7×-1.1×	11.8×0.0×	13.2×+2.0×	13.6×+2.8×	14.9×+4.9×
EV / sales	8.7×-0.2×	7.4×-0.8×	8.1×-0.7×	8.2×-0.2×	8.9×+1.0×
Free cash flow yield	10.2%-0.9pp	13.8%+1.9pp	13.6%+3.8pp	13.2%+1.9pp	11.1%-1.4pp
Earnings yield	2.7%+0.5pp	3.4%-0.5pp	2.9%-1.6pp	2.7%-2.6pp	2.2%-3.8pp
Dividend yield	6%+0.3pp	8.1%+2.1pp	7.5%+2.7pp	6.9%+1.5pp	5.7%-0.2pp
PEG ratio	1.9×—	——	——	——	——

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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.