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Side-by-side financial comparison of MIMEDX GROUP, INC. (MDXG) 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 $118.1M, roughly 1.2× MIMEDX GROUP, INC.). Terreno Realty Corp runs the higher net margin — 115.1% vs 12.9%, a 102.2% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 27.1%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 18.1%).

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

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.

MDXG vs TRNO — Head-to-Head

Bigger by revenue
TRNO
TRNO
1.2× larger
TRNO
$137.5M
$118.1M
MDXG
Growing faster (revenue YoY)
TRNO
TRNO
+5.5% gap
TRNO
32.6%
27.1%
MDXG
Higher net margin
TRNO
TRNO
102.2% more per $
TRNO
115.1%
12.9%
MDXG
Faster 2-yr revenue CAGR
TRNO
TRNO
Annualised
TRNO
27.2%
18.1%
MDXG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDXG
MDXG
TRNO
TRNO
Revenue
$118.1M
$137.5M
Net Profit
$15.2M
$158.2M
Gross Margin
83.9%
Operating Margin
17.8%
Net Margin
12.9%
115.1%
Revenue YoY
27.1%
32.6%
Net Profit YoY
104.2%
107.9%
EPS (diluted)
$0.10
$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
MDXG
MDXG
TRNO
TRNO
Q4 25
$118.1M
$137.5M
Q3 25
$113.7M
$116.2M
Q2 25
$98.6M
$112.2M
Q1 25
$88.2M
$110.4M
Q4 24
$92.9M
$103.7M
Q3 24
$84.1M
$99.6M
Q2 24
$87.2M
$94.2M
Q1 24
$84.7M
$85.0M
Net Profit
MDXG
MDXG
TRNO
TRNO
Q4 25
$15.2M
$158.2M
Q3 25
$16.7M
$103.4M
Q2 25
$9.6M
$93.3M
Q1 25
$7.0M
$48.1M
Q4 24
$7.4M
$76.1M
Q3 24
$8.1M
$36.6M
Q2 24
$17.6M
$35.7M
Q1 24
$9.3M
$36.1M
Gross Margin
MDXG
MDXG
TRNO
TRNO
Q4 25
83.9%
Q3 25
83.5%
Q2 25
81.1%
Q1 25
81.2%
Q4 24
81.8%
Q3 24
81.8%
Q2 24
83.0%
Q1 24
84.7%
Operating Margin
MDXG
MDXG
TRNO
TRNO
Q4 25
17.8%
Q3 25
19.5%
Q2 25
12.5%
Q1 25
9.4%
Q4 24
11.9%
Q3 24
13.3%
Q2 24
26.9%
Q1 24
15.6%
Net Margin
MDXG
MDXG
TRNO
TRNO
Q4 25
12.9%
115.1%
Q3 25
14.7%
88.9%
Q2 25
9.8%
83.1%
Q1 25
8.0%
43.6%
Q4 24
8.0%
73.4%
Q3 24
9.6%
36.8%
Q2 24
20.2%
37.9%
Q1 24
10.9%
42.4%
EPS (diluted)
MDXG
MDXG
TRNO
TRNO
Q4 25
$0.10
$1.54
Q3 25
$0.11
$1.00
Q2 25
$0.06
$0.90
Q1 25
$0.05
$0.47
Q4 24
$0.05
$0.78
Q3 24
$0.05
$0.37
Q2 24
$0.12
$0.37
Q1 24
$0.06
$0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MDXG
MDXG
TRNO
TRNO
Cash + ST InvestmentsLiquidity on hand
$166.1M
$25.0M
Total DebtLower is stronger
$18.0M
$943.3M
Stockholders' EquityBook value
$256.5M
$4.1B
Total Assets
$342.7M
$5.4B
Debt / EquityLower = less leverage
0.07×
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDXG
MDXG
TRNO
TRNO
Q4 25
$166.1M
$25.0M
Q3 25
$142.1M
$26.2M
Q2 25
$118.9M
$128.4M
Q1 25
$106.4M
$156.5M
Q4 24
$104.4M
$18.1M
Q3 24
$88.8M
$243.7M
Q2 24
$69.0M
$182.0M
Q1 24
$48.5M
$649.6M
Total Debt
MDXG
MDXG
TRNO
TRNO
Q4 25
$18.0M
$943.3M
Q3 25
$1.0B
Q2 25
$742.4M
Q1 25
$741.9M
Q4 24
$19.0M
$823.4M
Q3 24
$672.2M
Q2 24
$772.0M
Q1 24
$771.8M
Stockholders' Equity
MDXG
MDXG
TRNO
TRNO
Q4 25
$256.5M
$4.1B
Q3 25
$238.9M
$4.0B
Q2 25
$216.6M
$3.9B
Q1 25
$202.8M
$3.9B
Q4 24
$193.1M
$3.7B
Q3 24
$181.0M
$3.6B
Q2 24
$168.0M
$3.4B
Q1 24
$155.7M
$3.4B
Total Assets
MDXG
MDXG
TRNO
TRNO
Q4 25
$342.7M
$5.4B
Q3 25
$319.0M
$5.3B
Q2 25
$291.1M
$5.0B
Q1 25
$270.4M
$4.9B
Q4 24
$263.9M
$4.8B
Q3 24
$243.9M
$4.6B
Q2 24
$230.2M
$4.5B
Q1 24
$221.7M
$4.4B
Debt / Equity
MDXG
MDXG
TRNO
TRNO
Q4 25
0.07×
0.23×
Q3 25
0.26×
Q2 25
0.19×
Q1 25
0.19×
Q4 24
0.10×
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
MDXG
MDXG
TRNO
TRNO
Operating Cash FlowLast quarter
$25.0M
$271.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.64×
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDXG
MDXG
TRNO
TRNO
Q4 25
$25.0M
$271.9M
Q3 25
$29.3M
$79.5M
Q2 25
$14.4M
$60.6M
Q1 25
$5.3M
$61.4M
Q4 24
$18.8M
$232.7M
Q3 24
$19.6M
$70.0M
Q2 24
$21.8M
$64.3M
Q1 24
$6.0M
$47.0M
Cash Conversion
MDXG
MDXG
TRNO
TRNO
Q4 25
1.64×
1.72×
Q3 25
1.75×
0.77×
Q2 25
1.50×
0.65×
Q1 25
0.75×
1.28×
Q4 24
2.53×
3.06×
Q3 24
2.42×
1.91×
Q2 24
1.24×
1.80×
Q1 24
0.65×
1.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

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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