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Side-by-side financial comparison of Proficient Auto Logistics, Inc (PAL) 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 $93.7M, roughly 1.5× Proficient Auto Logistics, Inc). On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs -1.6%).

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

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.

PAL vs TRNO — Head-to-Head

Bigger by revenue
TRNO
TRNO
1.5× larger
TRNO
$137.5M
$93.7M
PAL
Growing faster (revenue YoY)
TRNO
TRNO
+34.2% gap
TRNO
32.6%
-1.6%
PAL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PAL
PAL
TRNO
TRNO
Revenue
$93.7M
$137.5M
Net Profit
$158.2M
Gross Margin
Operating Margin
-107302.4%
Net Margin
115.1%
Revenue YoY
-1.6%
32.6%
Net Profit YoY
107.9%
EPS (diluted)
$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
PAL
PAL
TRNO
TRNO
Q1 26
$93.7M
Q4 25
$430.4M
$137.5M
Q3 25
$116.2M
Q2 25
$112.2M
Q1 25
$110.4M
Q4 24
$103.7M
Q3 24
$91.5M
$99.6M
Q2 24
$94.2M
Net Profit
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
$158.2M
Q3 25
$103.4M
Q2 25
$93.3M
Q1 25
$48.1M
Q4 24
$76.1M
Q3 24
$-1.4M
$36.6M
Q2 24
$35.7M
Operating Margin
PAL
PAL
TRNO
TRNO
Q1 26
-107302.4%
Q4 25
-7.5%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-2.4%
Q2 24
Net Margin
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
115.1%
Q3 25
88.9%
Q2 25
83.1%
Q1 25
43.6%
Q4 24
73.4%
Q3 24
-1.5%
36.8%
Q2 24
37.9%
EPS (diluted)
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
$1.54
Q3 25
$1.00
Q2 25
$0.90
Q1 25
$0.47
Q4 24
$0.78
Q3 24
$-0.05
$0.37
Q2 24
$0.37

Balance Sheet & Financial Strength

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

Metric
PAL
PAL
TRNO
TRNO
Cash + ST InvestmentsLiquidity on hand
$9.8M
$25.0M
Total DebtLower is stronger
$49.4M
$943.3M
Stockholders' EquityBook value
$4.1B
Total Assets
$466.4M
$5.4B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAL
PAL
TRNO
TRNO
Q1 26
$9.8M
Q4 25
$14.3M
$25.0M
Q3 25
$26.2M
Q2 25
$128.4M
Q1 25
$156.5M
Q4 24
$18.1M
Q3 24
$16.8M
$243.7M
Q2 24
$182.0M
Total Debt
PAL
PAL
TRNO
TRNO
Q1 26
$49.4M
Q4 25
$53.7M
$943.3M
Q3 25
$1.0B
Q2 25
$742.4M
Q1 25
$741.9M
Q4 24
$823.4M
Q3 24
$64.0M
$672.2M
Q2 24
$772.0M
Stockholders' Equity
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
$4.1B
Q3 25
$4.0B
Q2 25
$3.9B
Q1 25
$3.9B
Q4 24
$3.7B
Q3 24
$338.5M
$3.6B
Q2 24
$3.4B
Total Assets
PAL
PAL
TRNO
TRNO
Q1 26
$466.4M
Q4 25
$477.0M
$5.4B
Q3 25
$5.3B
Q2 25
$5.0B
Q1 25
$4.9B
Q4 24
$4.8B
Q3 24
$498.2M
$4.6B
Q2 24
$4.5B
Debt / Equity
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.19×
Q1 25
0.19×
Q4 24
0.22×
Q3 24
0.19×
0.19×
Q2 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
PAL
PAL
TRNO
TRNO
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.

Operating Cash Flow
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
$271.9M
Q3 25
$79.5M
Q2 25
$60.6M
Q1 25
$61.4M
Q4 24
$232.7M
Q3 24
$70.0M
Q2 24
$64.3M
Cash Conversion
PAL
PAL
TRNO
TRNO
Q1 26
Q4 25
1.72×
Q3 25
0.77×
Q2 25
0.65×
Q1 25
1.28×
Q4 24
3.06×
Q3 24
1.91×
Q2 24
1.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAL
PAL

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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