vs
Side-by-side financial comparison of Curbline Properties Corp. (CURB) 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 $54.1M, roughly 2.5× Curbline Properties Corp.). Terreno Realty Corp runs the higher net margin — 115.1% vs 17.6%, a 97.4% gap on every dollar of revenue.
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.
CURB vs TRNO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | ||
|---|---|---|
| Revenue | $54.1M | $137.5M |
| Net Profit | $9.6M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | 17.8% | — |
| Net Margin | 17.6% | 115.1% |
| Revenue YoY | — | 32.6% |
| Net Profit YoY | — | 107.9% |
| EPS (diluted) | $0.08 | $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 | $54.1M | $137.5M | ||
| Q3 25 | $48.6M | $116.2M | ||
| Q2 25 | $41.4M | $112.2M | ||
| Q1 25 | $38.7M | $110.4M | ||
| Q4 24 | — | $103.7M | ||
| Q3 24 | $29.8M | $99.6M | ||
| Q2 24 | — | $94.2M | ||
| Q1 24 | — | $85.0M |
| Q4 25 | $9.6M | $158.2M | ||
| Q3 25 | $9.4M | $103.4M | ||
| Q2 25 | $10.4M | $93.3M | ||
| Q1 25 | $10.6M | $48.1M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | $-15.4M | $36.6M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | — | $36.1M |
| Q4 25 | 17.8% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 25.3% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -51.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 17.6% | 115.1% | ||
| Q3 25 | 19.2% | 88.9% | ||
| Q2 25 | 25.1% | 83.1% | ||
| Q1 25 | 27.3% | 43.6% | ||
| Q4 24 | — | 73.4% | ||
| Q3 24 | -51.8% | 36.8% | ||
| Q2 24 | — | 37.9% | ||
| Q1 24 | — | 42.4% |
| Q4 25 | $0.08 | $1.54 | ||
| Q3 25 | $0.09 | $1.00 | ||
| Q2 25 | $0.10 | $0.90 | ||
| Q1 25 | $0.10 | $0.47 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | $-0.15 | $0.37 | ||
| Q2 24 | — | $0.37 | ||
| Q1 24 | — | $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 | $289.6M | $25.0M |
| Total DebtLower is stronger | $423.2M | $943.3M |
| Stockholders' EquityBook value | $1.9B | $4.1B |
| Total Assets | $2.5B | $5.4B |
| Debt / EquityLower = less leverage | 0.22× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.6M | $25.0M | ||
| Q3 25 | $430.1M | $26.2M | ||
| Q2 25 | $429.9M | $128.4M | ||
| Q1 25 | $594.0M | $156.5M | ||
| Q4 24 | — | $18.1M | ||
| Q3 24 | $2.5M | $243.7M | ||
| Q2 24 | — | $182.0M | ||
| Q1 24 | — | $649.6M |
| Q4 25 | $423.2M | $943.3M | ||
| Q3 25 | $396.4M | $1.0B | ||
| Q2 25 | $99.1M | $742.4M | ||
| Q1 25 | $99.0M | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $1.9B | $4.1B | ||
| Q3 25 | $1.9B | $4.0B | ||
| Q2 25 | $1.9B | $3.9B | ||
| Q1 25 | $1.9B | $3.9B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.4B |
| Q4 25 | $2.5B | $5.4B | ||
| Q3 25 | $2.4B | $5.3B | ||
| Q2 25 | $2.1B | $5.0B | ||
| Q1 25 | $2.1B | $4.9B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | $1.2B | $4.6B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | 0.22× | 0.23× | ||
| Q3 25 | 0.21× | 0.26× | ||
| Q2 25 | 0.05× | 0.19× | ||
| Q1 25 | 0.05× | 0.19× | ||
| Q4 24 | — | 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 | $25.9M | $70.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.71× | 0.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.9M | $70.3M | ||
| Q3 25 | $39.2M | $79.5M | ||
| Q2 25 | $34.2M | $60.6M | ||
| Q1 25 | $25.4M | $61.4M | ||
| Q4 24 | — | $51.3M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $64.3M | ||
| Q1 24 | — | $47.0M |
| Q4 25 | 2.71× | 0.44× | ||
| Q3 25 | 4.19× | 0.77× | ||
| Q2 25 | 3.28× | 0.65× | ||
| Q1 25 | 2.40× | 1.28× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CURB
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% |