vs
Side-by-side financial comparison of Doximity, Inc. (DOCS) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $137.5M, roughly 1.3× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs 33.3%, a 81.8% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 9.8%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 25.2%).
Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.
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.
DOCS vs TRNO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $137.5M |
| Net Profit | $61.6M | $158.2M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | — |
| Net Margin | 33.3% | 115.1% |
| Revenue YoY | 9.8% | 32.6% |
| Net Profit YoY | -18.1% | 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 | $185.1M | $137.5M | ||
| Q3 25 | $168.5M | $116.2M | ||
| Q2 25 | $145.9M | $112.2M | ||
| Q1 25 | $138.3M | $110.4M | ||
| Q4 24 | $168.6M | $103.7M | ||
| Q3 24 | $136.8M | $99.6M | ||
| Q2 24 | $126.7M | $94.2M | ||
| Q1 24 | $118.1M | $85.0M |
| Q4 25 | $61.6M | $158.2M | ||
| Q3 25 | $62.1M | $103.4M | ||
| Q2 25 | $53.3M | $93.3M | ||
| Q1 25 | $62.5M | $48.1M | ||
| Q4 24 | $75.2M | $76.1M | ||
| Q3 24 | $44.2M | $36.6M | ||
| Q2 24 | $41.4M | $35.7M | ||
| Q1 24 | $40.6M | $36.1M |
| Q4 25 | 89.9% | — | ||
| Q3 25 | 90.3% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 89.5% | — | ||
| Q4 24 | 91.6% | — | ||
| Q3 24 | 90.0% | — | ||
| Q2 24 | 89.3% | — | ||
| Q1 24 | 89.4% | — |
| Q4 25 | 38.9% | — | ||
| Q3 25 | 37.8% | — | ||
| Q2 25 | 37.4% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 47.4% | — | ||
| Q3 24 | 38.8% | — | ||
| Q2 24 | 36.4% | — | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 33.3% | 115.1% | ||
| Q3 25 | 36.8% | 88.9% | ||
| Q2 25 | 36.5% | 83.1% | ||
| Q1 25 | 45.2% | 43.6% | ||
| Q4 24 | 44.6% | 73.4% | ||
| Q3 24 | 32.3% | 36.8% | ||
| Q2 24 | 32.7% | 37.9% | ||
| Q1 24 | 34.4% | 42.4% |
| Q4 25 | $0.31 | $1.54 | ||
| Q3 25 | $0.31 | $1.00 | ||
| Q2 25 | $0.27 | $0.90 | ||
| Q1 25 | $0.31 | $0.47 | ||
| Q4 24 | $0.37 | $0.78 | ||
| Q3 24 | $0.22 | $0.37 | ||
| Q2 24 | $0.21 | $0.37 | ||
| Q1 24 | $0.20 | $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 | $64.8M | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $979.3M | $4.1B |
| Total Assets | $1.2B | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $25.0M | ||
| Q3 25 | $169.2M | $26.2M | ||
| Q2 25 | $137.3M | $128.4M | ||
| Q1 25 | $209.6M | $156.5M | ||
| Q4 24 | $165.3M | $18.1M | ||
| Q3 24 | $184.2M | $243.7M | ||
| Q2 24 | $111.4M | $182.0M | ||
| Q1 24 | $96.8M | $649.6M |
| 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 | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $979.3M | $4.1B | ||
| Q3 25 | $1.1B | $4.0B | ||
| Q2 25 | $1.0B | $3.9B | ||
| Q1 25 | $1.1B | $3.9B | ||
| Q4 24 | $1.0B | $3.7B | ||
| Q3 24 | $961.2M | $3.6B | ||
| Q2 24 | $913.6M | $3.4B | ||
| Q1 24 | $901.4M | $3.4B |
| Q4 25 | $1.2B | $5.4B | ||
| Q3 25 | $1.3B | $5.3B | ||
| Q2 25 | $1.2B | $5.0B | ||
| Q1 25 | $1.3B | $4.9B | ||
| Q4 24 | $1.2B | $4.8B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.1B | $4.5B | ||
| Q1 24 | $1.1B | $4.4B |
| 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× | ||
| 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 | $60.9M | $271.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $271.9M | ||
| Q3 25 | $93.9M | $79.5M | ||
| Q2 25 | $62.1M | $60.6M | ||
| Q1 25 | $98.5M | $61.4M | ||
| Q4 24 | $65.2M | $232.7M | ||
| Q3 24 | $68.3M | $70.0M | ||
| Q2 24 | $41.2M | $64.3M | ||
| Q1 24 | $63.9M | $47.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 0.99× | 1.72× | ||
| Q3 25 | 1.51× | 0.77× | ||
| Q2 25 | 1.16× | 0.65× | ||
| Q1 25 | 1.58× | 1.28× | ||
| Q4 24 | 0.87× | 3.06× | ||
| Q3 24 | 1.55× | 1.91× | ||
| Q2 24 | 1.00× | 1.80× | ||
| Q1 24 | 1.57× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
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% |
