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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.0× FIRST COMMONWEALTH FINANCIAL CORP). Terreno Realty Corp runs the higher net margin — 115.1% vs 28.1%, a 87.0% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 13.0%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 5.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs TRNO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $137.5M |
| Net Profit | $37.5M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 28.1% | 115.1% |
| Revenue YoY | 13.0% | 32.6% |
| Net Profit YoY | 14.8% | 107.9% |
| EPS (diluted) | $0.37 | $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.
| Q1 26 | $133.7M | — | ||
| Q4 25 | $137.9M | $137.5M | ||
| Q3 25 | $136.0M | $116.2M | ||
| Q2 25 | $131.0M | $112.2M | ||
| Q1 25 | $118.0M | $110.4M | ||
| Q4 24 | $120.4M | $103.7M | ||
| Q3 24 | $121.2M | $99.6M | ||
| Q2 24 | $120.2M | $94.2M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $158.2M | ||
| Q3 25 | $41.3M | $103.4M | ||
| Q2 25 | $33.4M | $93.3M | ||
| Q1 25 | $32.7M | $48.1M | ||
| Q4 24 | $35.8M | $76.1M | ||
| Q3 24 | $32.1M | $36.6M | ||
| Q2 24 | $37.1M | $35.7M |
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 32.1% | — | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 33.4% | — | ||
| Q2 24 | 38.7% | — |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | 115.1% | ||
| Q3 25 | 30.4% | 88.9% | ||
| Q2 25 | 25.5% | 83.1% | ||
| Q1 25 | 27.7% | 43.6% | ||
| Q4 24 | 29.8% | 73.4% | ||
| Q3 24 | 26.5% | 36.8% | ||
| Q2 24 | 30.9% | 37.9% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $1.54 | ||
| Q3 25 | $0.39 | $1.00 | ||
| Q2 25 | $0.32 | $0.90 | ||
| Q1 25 | $0.32 | $0.47 | ||
| Q4 24 | $0.35 | $0.78 | ||
| Q3 24 | $0.31 | $0.37 | ||
| Q2 24 | $0.36 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $25.0M |
| Total DebtLower is stronger | $154.9M | $943.3M |
| Stockholders' EquityBook value | $1.6B | $4.1B |
| Total Assets | $12.3B | $5.4B |
| Debt / EquityLower = less leverage | 0.10× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $25.0M | ||
| Q3 25 | — | $26.2M | ||
| Q2 25 | — | $128.4M | ||
| Q1 25 | — | $156.5M | ||
| Q4 24 | — | $18.1M | ||
| Q3 24 | — | $243.7M | ||
| Q2 24 | — | $182.0M |
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $943.3M | ||
| Q3 25 | $262.1M | $1.0B | ||
| Q2 25 | $262.4M | $742.4M | ||
| Q1 25 | $262.7M | $741.9M | ||
| Q4 24 | $263.0M | $823.4M | ||
| Q3 24 | $136.3M | $672.2M | ||
| Q2 24 | $136.6M | $772.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $4.1B | ||
| Q3 25 | $1.5B | $4.0B | ||
| Q2 25 | $1.5B | $3.9B | ||
| Q1 25 | $1.4B | $3.9B | ||
| Q4 24 | $1.4B | $3.7B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $1.4B | $3.4B |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $5.4B | ||
| Q3 25 | $12.3B | $5.3B | ||
| Q2 25 | $12.2B | $5.0B | ||
| Q1 25 | $11.8B | $4.9B | ||
| Q4 24 | $11.6B | $4.8B | ||
| Q3 24 | $12.0B | $4.6B | ||
| Q2 24 | $11.6B | $4.5B |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | 0.23× | ||
| Q3 25 | 0.17× | 0.26× | ||
| Q2 25 | 0.17× | 0.19× | ||
| Q1 25 | 0.18× | 0.19× | ||
| Q4 24 | 0.19× | 0.22× | ||
| Q3 24 | 0.10× | 0.19× | ||
| Q2 24 | 0.10× | 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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $271.9M | ||
| Q3 25 | $49.5M | $79.5M | ||
| Q2 25 | $30.4M | $60.6M | ||
| Q1 25 | $55.9M | $61.4M | ||
| Q4 24 | $129.5M | $232.7M | ||
| Q3 24 | $53.6M | $70.0M | ||
| Q2 24 | $22.7M | $64.3M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 94.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 1.72× | ||
| Q3 25 | 1.20× | 0.77× | ||
| Q2 25 | 0.91× | 0.65× | ||
| Q1 25 | 1.71× | 1.28× | ||
| Q4 24 | 3.61× | 3.06× | ||
| Q3 24 | 1.67× | 1.91× | ||
| Q2 24 | 0.61× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
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% |
