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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $10.9M, roughly 12.6× Angel Oak Mortgage REIT, Inc.). Terreno Realty Corp runs the higher net margin — 115.1% vs 103.9%, a 11.2% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 10.4%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 12.7%).
Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
AOMR vs TRNO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $10.9M | $137.5M |
| Net Profit | $11.3M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 103.9% | 115.1% |
| Revenue YoY | 10.4% | 32.6% |
| Net Profit YoY | 175.2% | 107.9% |
| EPS (diluted) | $0.44 | $1.54 |
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 | $10.9M | $137.5M | ||
| Q3 25 | $10.2M | $116.2M | ||
| Q2 25 | $9.9M | $112.2M | ||
| Q1 25 | $10.1M | $110.4M | ||
| Q4 24 | $9.9M | $103.7M | ||
| Q3 24 | $9.0M | $99.6M | ||
| Q2 24 | $9.5M | $94.2M | ||
| Q1 24 | $8.6M | $85.0M |
| Q4 25 | $11.3M | $158.2M | ||
| Q3 25 | $11.4M | $103.4M | ||
| Q2 25 | $767.0K | $93.3M | ||
| Q1 25 | $20.5M | $48.1M | ||
| Q4 24 | $-15.1M | $76.1M | ||
| Q3 24 | $31.2M | $36.6M | ||
| Q2 24 | $-273.0K | $35.7M | ||
| Q1 24 | $12.9M | $36.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -152.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | — | — |
| Q4 25 | 103.9% | 115.1% | ||
| Q3 25 | 112.1% | 88.9% | ||
| Q2 25 | 7.7% | 83.1% | ||
| Q1 25 | 203.5% | 43.6% | ||
| Q4 24 | -152.6% | 73.4% | ||
| Q3 24 | 345.9% | 36.8% | ||
| Q2 24 | -2.9% | 37.9% | ||
| Q1 24 | 150.1% | 42.4% |
| Q4 25 | $0.44 | $1.54 | ||
| Q3 25 | $0.46 | $1.00 | ||
| Q2 25 | $0.03 | $0.90 | ||
| Q1 25 | $0.87 | $0.47 | ||
| Q4 24 | $-0.62 | $0.78 | ||
| Q3 24 | $1.29 | $0.37 | ||
| Q2 24 | $-0.01 | $0.37 | ||
| Q1 24 | $0.51 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.6M | $25.0M |
| Total DebtLower is stronger | $2.3B | $943.3M |
| Stockholders' EquityBook value | $267.5M | $4.1B |
| Total Assets | $2.7B | $5.4B |
| Debt / EquityLower = less leverage | 8.51× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.6M | $25.0M | ||
| Q3 25 | $51.6M | $26.2M | ||
| Q2 25 | $40.5M | $128.4M | ||
| Q1 25 | $38.7M | $156.5M | ||
| Q4 24 | $40.8M | $18.1M | ||
| Q3 24 | $42.1M | $243.7M | ||
| Q2 24 | $44.0M | $182.0M | ||
| Q1 24 | $39.4M | $649.6M |
| Q4 25 | $2.3B | $943.3M | ||
| Q3 25 | $2.2B | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | $1.8B | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $267.5M | $4.1B | ||
| Q3 25 | $264.2M | $4.0B | ||
| Q2 25 | $246.4M | $3.9B | ||
| Q1 25 | $251.5M | $3.9B | ||
| Q4 24 | $239.0M | $3.7B | ||
| Q3 24 | $265.1M | $3.6B | ||
| Q2 24 | $255.8M | $3.4B | ||
| Q1 24 | $263.3M | $3.4B |
| Q4 25 | $2.7B | $5.4B | ||
| Q3 25 | $2.6B | $5.3B | ||
| Q2 25 | $2.6B | $5.0B | ||
| Q1 25 | $2.7B | $4.9B | ||
| Q4 24 | $2.3B | $4.8B | ||
| Q3 24 | $2.3B | $4.6B | ||
| Q2 24 | $2.1B | $4.5B | ||
| Q1 24 | $2.3B | $4.4B |
| Q4 25 | 8.51× | 0.23× | ||
| Q3 25 | 8.37× | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 7.62× | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.5M | $70.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -4.64× | 0.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-52.5M | $70.3M | ||
| Q3 25 | $-173.4M | $79.5M | ||
| Q2 25 | $20.6M | $60.6M | ||
| Q1 25 | $-201.7M | $61.4M | ||
| Q4 24 | $-25.1M | $51.3M | ||
| Q3 24 | $-212.4M | $70.0M | ||
| Q2 24 | $-24.2M | $64.3M | ||
| Q1 24 | $40.2M | $47.0M |
| Q4 25 | -4.64× | 0.44× | ||
| Q3 25 | -15.19× | 0.77× | ||
| Q2 25 | 26.92× | 0.65× | ||
| Q1 25 | -9.83× | 1.28× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | -6.81× | 1.91× | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | 3.12× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOMR
Segment breakdown not available.
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
