vs
Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Donnelley Financial Solutions, Inc. is the larger business by last-quarter revenue ($172.5M vs $137.5M, roughly 1.3× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs 3.6%, a 111.5% 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 -7.9%).
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
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.
DFIN vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $137.5M |
| Net Profit | $6.2M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | — |
| Net Margin | 3.6% | 115.1% |
| Revenue YoY | 10.4% | 32.6% |
| Net Profit YoY | -1.6% | 107.9% |
| EPS (diluted) | $0.31 | $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 | $172.5M | $137.5M | ||
| Q3 25 | $175.3M | $116.2M | ||
| Q2 25 | $218.1M | $112.2M | ||
| Q1 25 | $201.1M | $110.4M | ||
| Q4 24 | $156.3M | $103.7M | ||
| Q3 24 | $179.5M | $99.6M | ||
| Q2 24 | $242.7M | $94.2M | ||
| Q1 24 | $203.4M | $85.0M |
| Q4 25 | $6.2M | $158.2M | ||
| Q3 25 | $-40.9M | $103.4M | ||
| Q2 25 | $36.1M | $93.3M | ||
| Q1 25 | $31.0M | $48.1M | ||
| Q4 24 | $6.3M | $76.1M | ||
| Q3 24 | $8.7M | $36.6M | ||
| Q2 24 | $44.1M | $35.7M | ||
| Q1 24 | $33.3M | $36.1M |
| Q4 25 | 8.3% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 26.6% | — | ||
| Q1 24 | 21.9% | — |
| Q4 25 | 3.6% | 115.1% | ||
| Q3 25 | -23.3% | 88.9% | ||
| Q2 25 | 16.6% | 83.1% | ||
| Q1 25 | 15.4% | 43.6% | ||
| Q4 24 | 4.0% | 73.4% | ||
| Q3 24 | 4.8% | 36.8% | ||
| Q2 24 | 18.2% | 37.9% | ||
| Q1 24 | 16.4% | 42.4% |
| Q4 25 | $0.31 | $1.54 | ||
| Q3 25 | $-1.49 | $1.00 | ||
| Q2 25 | $1.28 | $0.90 | ||
| Q1 25 | $1.05 | $0.47 | ||
| Q4 24 | $0.21 | $0.78 | ||
| Q3 24 | $0.29 | $0.37 | ||
| Q2 24 | $1.47 | $0.37 | ||
| Q1 24 | $1.09 | $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 | $24.5M | $25.0M |
| Total DebtLower is stronger | $171.3M | $943.3M |
| Stockholders' EquityBook value | $379.2M | $4.1B |
| Total Assets | $800.4M | $5.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $25.0M | ||
| Q3 25 | $22.7M | $26.2M | ||
| Q2 25 | $33.8M | $128.4M | ||
| Q1 25 | $16.2M | $156.5M | ||
| Q4 24 | $57.3M | $18.1M | ||
| Q3 24 | $33.6M | $243.7M | ||
| Q2 24 | $35.0M | $182.0M | ||
| Q1 24 | $43.7M | $649.6M |
| Q4 25 | $171.3M | $943.3M | ||
| Q3 25 | $154.7M | $1.0B | ||
| Q2 25 | $190.1M | $742.4M | ||
| Q1 25 | $189.5M | $741.9M | ||
| Q4 24 | $124.7M | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $379.2M | $4.1B | ||
| Q3 25 | $423.1M | $4.0B | ||
| Q2 25 | $432.1M | $3.9B | ||
| Q1 25 | $419.9M | $3.9B | ||
| Q4 24 | $436.1M | $3.7B | ||
| Q3 24 | $444.5M | $3.6B | ||
| Q2 24 | $441.5M | $3.4B | ||
| Q1 24 | $408.9M | $3.4B |
| Q4 25 | $800.4M | $5.4B | ||
| Q3 25 | $816.3M | $5.3B | ||
| Q2 25 | $874.7M | $5.0B | ||
| Q1 25 | $852.8M | $4.9B | ||
| Q4 24 | $841.6M | $4.8B | ||
| Q3 24 | $843.6M | $4.6B | ||
| Q2 24 | $882.9M | $4.5B | ||
| Q1 24 | $867.8M | $4.4B |
| Q4 25 | 0.45× | 0.23× | ||
| Q3 25 | 0.37× | 0.26× | ||
| Q2 25 | 0.44× | 0.19× | ||
| Q1 25 | 0.45× | 0.19× | ||
| Q4 24 | 0.29× | 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 | $59.8M | $271.9M |
| Free Cash FlowOCF − Capex | $47.9M | — |
| FCF MarginFCF / Revenue | 27.8% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 9.65× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $271.9M | ||
| Q3 25 | $74.4M | $79.5M | ||
| Q2 25 | $68.4M | $60.6M | ||
| Q1 25 | $-37.7M | $61.4M | ||
| Q4 24 | $56.4M | $232.7M | ||
| Q3 24 | $86.4M | $70.0M | ||
| Q2 24 | $56.2M | $64.3M | ||
| Q1 24 | $-27.9M | $47.0M |
| Q4 25 | $47.9M | — | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $51.7M | — | ||
| Q1 25 | $-51.0M | — | ||
| Q4 24 | $41.3M | — | ||
| Q3 24 | $67.3M | — | ||
| Q2 24 | $36.8M | — | ||
| Q1 24 | $-40.2M | — |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | -25.4% | — | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | -19.8% | — |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | 9.65× | 1.72× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | 1.89× | 0.65× | ||
| Q1 25 | -1.22× | 1.28× | ||
| Q4 24 | 8.95× | 3.06× | ||
| Q3 24 | 9.93× | 1.91× | ||
| Q2 24 | 1.27× | 1.80× | ||
| Q1 24 | -0.84× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
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% |
