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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($191.2M vs $137.5M, roughly 1.4× Terreno Realty Corp). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs 32.6%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (48.1% CAGR vs 27.2%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs TRNO — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.4× larger
AXSM
$191.2M
$137.5M
TRNO
Growing faster (revenue YoY)
AXSM
AXSM
+24.9% gap
AXSM
57.4%
32.6%
TRNO
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
48.1%
27.2%
TRNO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXSM
AXSM
TRNO
TRNO
Revenue
$191.2M
$137.5M
Net Profit
$158.2M
Gross Margin
Operating Margin
-33.1%
Net Margin
115.1%
Revenue YoY
57.4%
32.6%
Net Profit YoY
107.9%
EPS (diluted)
$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.

Revenue
AXSM
AXSM
TRNO
TRNO
Q1 26
$191.2M
Q4 25
$196.0M
$137.5M
Q3 25
$171.0M
$116.2M
Q2 25
$150.0M
$112.2M
Q1 25
$121.5M
$110.4M
Q4 24
$118.8M
$103.7M
Q3 24
$104.8M
$99.6M
Q2 24
$87.2M
$94.2M
Net Profit
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
$-28.6M
$158.2M
Q3 25
$-47.2M
$103.4M
Q2 25
$-48.0M
$93.3M
Q1 25
$-59.4M
$48.1M
Q4 24
$-74.9M
$76.1M
Q3 24
$-64.6M
$36.6M
Q2 24
$-79.3M
$35.7M
Operating Margin
AXSM
AXSM
TRNO
TRNO
Q1 26
-33.1%
Q4 25
-13.8%
Q3 25
-27.0%
Q2 25
-24.5%
Q1 25
-46.9%
Q4 24
-61.1%
Q3 24
-59.8%
Q2 24
-89.5%
Net Margin
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
-14.6%
115.1%
Q3 25
-27.6%
88.9%
Q2 25
-32.0%
83.1%
Q1 25
-48.9%
43.6%
Q4 24
-63.1%
73.4%
Q3 24
-61.7%
36.8%
Q2 24
-91.0%
37.9%
EPS (diluted)
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
$-0.55
$1.54
Q3 25
$-0.94
$1.00
Q2 25
$-0.97
$0.90
Q1 25
$-1.22
$0.47
Q4 24
$-1.54
$0.78
Q3 24
$-1.34
$0.37
Q2 24
$-1.67
$0.37

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
TRNO
TRNO
Cash + ST InvestmentsLiquidity on hand
$305.1M
$25.0M
Total DebtLower is stronger
$70.0M
$943.3M
Stockholders' EquityBook value
$4.1B
Total Assets
$713.6M
$5.4B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
TRNO
TRNO
Q1 26
$305.1M
Q4 25
$322.9M
$25.0M
Q3 25
$325.3M
$26.2M
Q2 25
$303.0M
$128.4M
Q1 25
$300.9M
$156.5M
Q4 24
$315.4M
$18.1M
Q3 24
$327.3M
$243.7M
Q2 24
$315.7M
$182.0M
Total Debt
AXSM
AXSM
TRNO
TRNO
Q1 26
$70.0M
Q4 25
$943.3M
Q3 25
$1.0B
Q2 25
$742.4M
Q1 25
$741.9M
Q4 24
$823.4M
Q3 24
$672.2M
Q2 24
$772.0M
Stockholders' Equity
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
$88.3M
$4.1B
Q3 25
$73.7M
$4.0B
Q2 25
$73.1M
$3.9B
Q1 25
$53.2M
$3.9B
Q4 24
$57.0M
$3.7B
Q3 24
$92.9M
$3.6B
Q2 24
$102.9M
$3.4B
Total Assets
AXSM
AXSM
TRNO
TRNO
Q1 26
$713.6M
Q4 25
$689.8M
$5.4B
Q3 25
$669.3M
$5.3B
Q2 25
$639.8M
$5.0B
Q1 25
$596.7M
$4.9B
Q4 24
$568.5M
$4.8B
Q3 24
$561.5M
$4.6B
Q2 24
$548.2M
$4.5B
Debt / Equity
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.19×
Q1 25
0.19×
Q4 24
0.22×
Q3 24
0.19×
Q2 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
AXSM
AXSM
TRNO
TRNO
Operating Cash FlowLast quarter
$271.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
$-18.7M
$271.9M
Q3 25
$1.0M
$79.5M
Q2 25
$-32.4M
$60.6M
Q1 25
$-43.4M
$61.4M
Q4 24
$-26.2M
$232.7M
Q3 24
$-18.6M
$70.0M
Q2 24
$-30.1M
$64.3M
Free Cash Flow
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
$-18.7M
Q3 25
$988.0K
Q2 25
$-32.4M
Q1 25
$-43.7M
Q4 24
$-26.2M
Q3 24
$-18.7M
Q2 24
$-30.2M
FCF Margin
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
-9.6%
Q3 25
0.6%
Q2 25
-21.6%
Q1 25
-36.0%
Q4 24
-22.1%
Q3 24
-17.9%
Q2 24
-34.6%
Capex Intensity
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Cash Conversion
AXSM
AXSM
TRNO
TRNO
Q1 26
Q4 25
1.72×
Q3 25
0.77×
Q2 25
0.65×
Q1 25
1.28×
Q4 24
3.06×
Q3 24
1.91×
Q2 24
1.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXSM
AXSM

Product sales, net$189.4M99%
Royalty revenue and milestone revenue$1.8M1%

TRNO
TRNO

Disposal Group Disposed Of By Sale Not Discontinued Operations$109.5M80%
Other$23.8M17%
At Market Equity Offering Program500Million$4.1M3%

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