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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) 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 $104.4M, roughly 1.3× AMPCO PITTSBURGH CORP). Terreno Realty Corp runs the higher net margin — 115.1% vs -55.2%, a 170.3% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 11.5%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $137.5M |
| Net Profit | $-57.7M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | -54.0% | — |
| Net Margin | -55.2% | 115.1% |
| Revenue YoY | 11.5% | 32.6% |
| Net Profit YoY | -1958.9% | 107.9% |
| EPS (diluted) | $-2.87 | $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 | $104.4M | $137.5M | ||
| Q3 25 | $103.7M | $116.2M | ||
| Q2 25 | $108.9M | $112.2M | ||
| Q1 25 | $99.2M | $110.4M | ||
| Q4 24 | $93.6M | $103.7M | ||
| Q3 24 | $92.1M | $99.6M | ||
| Q2 24 | $107.1M | $94.2M | ||
| Q1 24 | $110.0M | $85.0M |
| Q4 25 | $-57.7M | $158.2M | ||
| Q3 25 | $-2.2M | $103.4M | ||
| Q2 25 | $-7.3M | $93.3M | ||
| Q1 25 | $1.1M | $48.1M | ||
| Q4 24 | $3.1M | $76.1M | ||
| Q3 24 | $-2.0M | $36.6M | ||
| Q2 24 | $2.0M | $35.7M | ||
| Q1 24 | $-2.7M | $36.1M |
| Q4 25 | -54.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | -2.8% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | -55.2% | 115.1% | ||
| Q3 25 | -2.1% | 88.9% | ||
| Q2 25 | -6.7% | 83.1% | ||
| Q1 25 | 1.2% | 43.6% | ||
| Q4 24 | 3.3% | 73.4% | ||
| Q3 24 | -2.1% | 36.8% | ||
| Q2 24 | 1.9% | 37.9% | ||
| Q1 24 | -2.5% | 42.4% |
| Q4 25 | $-2.87 | $1.54 | ||
| Q3 25 | $-0.11 | $1.00 | ||
| Q2 25 | $-0.36 | $0.90 | ||
| Q1 25 | $0.06 | $0.47 | ||
| Q4 24 | $0.16 | $0.78 | ||
| Q3 24 | $-0.10 | $0.37 | ||
| Q2 24 | $0.10 | $0.37 | ||
| Q1 24 | $-0.14 | $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 | $10.7M | $25.0M |
| Total DebtLower is stronger | $117.9M | $943.3M |
| Stockholders' EquityBook value | $32.6M | $4.1B |
| Total Assets | $495.4M | $5.4B |
| Debt / EquityLower = less leverage | 3.61× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $25.0M | ||
| Q3 25 | $15.0M | $26.2M | ||
| Q2 25 | $9.9M | $128.4M | ||
| Q1 25 | $7.1M | $156.5M | ||
| Q4 24 | $15.4M | $18.1M | ||
| Q3 24 | $11.8M | $243.7M | ||
| Q2 24 | $7.9M | $182.0M | ||
| Q1 24 | $10.8M | $649.6M |
| Q4 25 | $117.9M | $943.3M | ||
| Q3 25 | $119.0M | $1.0B | ||
| Q2 25 | $115.9M | $742.4M | ||
| Q1 25 | $115.0M | $741.9M | ||
| Q4 24 | $116.4M | $823.4M | ||
| Q3 24 | $116.0M | $672.2M | ||
| Q2 24 | $119.4M | $772.0M | ||
| Q1 24 | $116.2M | $771.8M |
| Q4 25 | $32.6M | $4.1B | ||
| Q3 25 | $60.1M | $4.0B | ||
| Q2 25 | $62.7M | $3.9B | ||
| Q1 25 | $64.6M | $3.9B | ||
| Q4 24 | $58.9M | $3.7B | ||
| Q3 24 | $61.3M | $3.6B | ||
| Q2 24 | $58.0M | $3.4B | ||
| Q1 24 | $56.3M | $3.4B |
| Q4 25 | $495.4M | $5.4B | ||
| Q3 25 | $524.4M | $5.3B | ||
| Q2 25 | $537.2M | $5.0B | ||
| Q1 25 | $536.2M | $4.9B | ||
| Q4 24 | $530.9M | $4.8B | ||
| Q3 24 | $547.4M | $4.6B | ||
| Q2 24 | $560.8M | $4.5B | ||
| Q1 24 | $565.8M | $4.4B |
| Q4 25 | 3.61× | 0.23× | ||
| Q3 25 | 1.98× | 0.26× | ||
| Q2 25 | 1.85× | 0.19× | ||
| Q1 25 | 1.78× | 0.19× | ||
| Q4 24 | 1.98× | 0.22× | ||
| Q3 24 | 1.89× | 0.19× | ||
| Q2 24 | 2.06× | 0.22× | ||
| Q1 24 | 2.06× | 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 | $2.7M | $271.9M |
| Free Cash FlowOCF − Capex | $-64.0K | — |
| FCF MarginFCF / Revenue | -0.1% | — |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $271.9M | ||
| Q3 25 | $6.3M | $79.5M | ||
| Q2 25 | $-2.3M | $60.6M | ||
| Q1 25 | $-5.3M | $61.4M | ||
| Q4 24 | $7.5M | $232.7M | ||
| Q3 24 | $11.4M | $70.0M | ||
| Q2 24 | $-5.3M | $64.3M | ||
| Q1 24 | $4.5M | $47.0M |
| Q4 25 | $-64.0K | — | ||
| Q3 25 | $3.3M | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-7.5M | — | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $8.4M | — | ||
| Q2 24 | $-8.0M | — | ||
| Q1 24 | $1.7M | — |
| Q4 25 | -0.1% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | -7.5% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | -4.62× | 1.28× | ||
| Q4 24 | 2.40× | 3.06× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | -2.64× | 1.80× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
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% |
