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Side-by-side financial comparison of PagerDuty, Inc. (PD) 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 $124.5M, roughly 1.1× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 115.1%, a 14.7% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 4.7%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 5.9%).
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
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.
PD vs TRNO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.5M | $137.5M |
| Net Profit | $161.6M | $158.2M |
| Gross Margin | 85.3% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 129.7% | 115.1% |
| Revenue YoY | 4.7% | 32.6% |
| Net Profit YoY | 2827.7% | 107.9% |
| EPS (diluted) | $1.69 | $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 | $124.5M | $137.5M | ||
| Q3 25 | $123.4M | $116.2M | ||
| Q2 25 | $119.8M | $112.2M | ||
| Q1 25 | $121.4M | $110.4M | ||
| Q4 24 | $118.9M | $103.7M | ||
| Q3 24 | $115.9M | $99.6M | ||
| Q2 24 | $111.2M | $94.2M | ||
| Q1 24 | $111.1M | $85.0M |
| Q4 25 | $161.6M | $158.2M | ||
| Q3 25 | $9.6M | $103.4M | ||
| Q2 25 | $-7.2M | $93.3M | ||
| Q1 25 | $-8.8M | $48.1M | ||
| Q4 24 | $-5.9M | $76.1M | ||
| Q3 24 | $-10.9M | $36.6M | ||
| Q2 24 | $-17.1M | $35.7M | ||
| Q1 24 | $-28.2M | $36.1M |
| Q4 25 | 85.3% | — | ||
| Q3 25 | 84.6% | — | ||
| Q2 25 | 84.0% | — | ||
| Q1 25 | 83.6% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 82.7% | — | ||
| Q2 24 | 82.6% | — | ||
| Q1 24 | 81.7% | — |
| Q4 25 | 6.5% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | -8.6% | — | ||
| Q1 25 | -9.6% | — | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | -13.8% | — | ||
| Q2 24 | -19.5% | — | ||
| Q1 24 | -30.1% | — |
| Q4 25 | 129.7% | 115.1% | ||
| Q3 25 | 7.8% | 88.9% | ||
| Q2 25 | -6.0% | 83.1% | ||
| Q1 25 | -7.2% | 43.6% | ||
| Q4 24 | -5.0% | 73.4% | ||
| Q3 24 | -9.4% | 36.8% | ||
| Q2 24 | -15.4% | 37.9% | ||
| Q1 24 | -25.3% | 42.4% |
| Q4 25 | $1.69 | $1.54 | ||
| Q3 25 | $0.10 | $1.00 | ||
| Q2 25 | $-0.07 | $0.90 | ||
| Q1 25 | $-0.12 | $0.47 | ||
| Q4 24 | $-0.07 | $0.78 | ||
| Q3 24 | $-0.14 | $0.37 | ||
| Q2 24 | $-0.26 | $0.37 | ||
| Q1 24 | $-0.34 | $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 | $547.8M | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $320.5M | $4.1B |
| Total Assets | $1.0B | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $547.8M | $25.0M | ||
| Q3 25 | $567.9M | $26.2M | ||
| Q2 25 | $597.1M | $128.4M | ||
| Q1 25 | $570.8M | $156.5M | ||
| Q4 24 | $542.2M | $18.1M | ||
| Q3 24 | $599.3M | $243.7M | ||
| Q2 24 | $592.8M | $182.0M | ||
| Q1 24 | $571.2M | $649.6M |
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | $484.5M | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | $489.5M | $771.8M |
| Q4 25 | $320.5M | $4.1B | ||
| Q3 25 | $180.7M | $4.0B | ||
| Q2 25 | $145.7M | $3.9B | ||
| Q1 25 | $129.8M | $3.9B | ||
| Q4 24 | $111.6M | $3.7B | ||
| Q3 24 | $164.7M | $3.6B | ||
| Q2 24 | $174.0M | $3.4B | ||
| Q1 24 | $171.6M | $3.4B |
| Q4 25 | $1.0B | $5.4B | ||
| Q3 25 | $891.5M | $5.3B | ||
| Q2 25 | $926.8M | $5.0B | ||
| Q1 25 | $927.3M | $4.9B | ||
| Q4 24 | $866.8M | $4.8B | ||
| Q3 24 | $916.0M | $4.6B | ||
| Q2 24 | $924.0M | $4.5B | ||
| Q1 24 | $925.3M | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | 3.73× | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | 2.85× | 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 | $24.8M | $271.9M |
| Free Cash FlowOCF − Capex | $24.1M | — |
| FCF MarginFCF / Revenue | 19.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 0.15× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $117.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $271.9M | ||
| Q3 25 | $34.0M | $79.5M | ||
| Q2 25 | $30.7M | $60.6M | ||
| Q1 25 | $31.4M | $61.4M | ||
| Q4 24 | $22.1M | $232.7M | ||
| Q3 24 | $35.8M | $70.0M | ||
| Q2 24 | $28.6M | $64.3M | ||
| Q1 24 | $22.2M | $47.0M |
| Q4 25 | $24.1M | — | ||
| Q3 25 | $33.1M | — | ||
| Q2 25 | $30.2M | — | ||
| Q1 25 | $30.3M | — | ||
| Q4 24 | $21.5M | — | ||
| Q3 24 | $35.1M | — | ||
| Q2 24 | $28.2M | — | ||
| Q1 24 | $21.2M | — |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 18.1% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 19.1% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 0.15× | 1.72× | ||
| Q3 25 | 3.55× | 0.77× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
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% |
