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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

Bigger by revenue
TRNO
TRNO
2.5× larger
TRNO
$137.5M
$54.1M
CURB
Higher net margin
TRNO
TRNO
97.4% more per $
TRNO
115.1%
17.6%
CURB

Income Statement — Q4 2025 vs Q4 2025

Metric
CURB
CURB
TRNO
TRNO
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.

Revenue
CURB
CURB
TRNO
TRNO
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
Net Profit
CURB
CURB
TRNO
TRNO
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
Operating Margin
CURB
CURB
TRNO
TRNO
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
Net Margin
CURB
CURB
TRNO
TRNO
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%
EPS (diluted)
CURB
CURB
TRNO
TRNO
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
CURB
CURB
TRNO
TRNO
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.

Cash + ST Investments
CURB
CURB
TRNO
TRNO
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
Total Debt
CURB
CURB
TRNO
TRNO
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
Stockholders' Equity
CURB
CURB
TRNO
TRNO
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
Total Assets
CURB
CURB
TRNO
TRNO
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
Debt / Equity
CURB
CURB
TRNO
TRNO
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
CURB
CURB
TRNO
TRNO
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.

Operating Cash Flow
CURB
CURB
TRNO
TRNO
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
Cash Conversion
CURB
CURB
TRNO
TRNO
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
CURB

Segment breakdown not available.

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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