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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $137.5M, roughly 1.0× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs -2.3%, a 117.4% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 9.1%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 8.3%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
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.
PRPL vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $137.5M |
| Net Profit | $-3.2M | $158.2M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | — |
| Net Margin | -2.3% | 115.1% |
| Revenue YoY | 9.1% | 32.6% |
| Net Profit YoY | 62.1% | 107.9% |
| EPS (diluted) | $0.03 | $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 | $140.7M | $137.5M | ||
| Q3 25 | $118.8M | $116.2M | ||
| Q2 25 | $105.1M | $112.2M | ||
| Q1 25 | $104.2M | $110.4M | ||
| Q4 24 | $129.0M | $103.7M | ||
| Q3 24 | $118.6M | $99.6M | ||
| Q2 24 | $120.3M | $94.2M | ||
| Q1 24 | $120.0M | $85.0M |
| Q4 25 | $-3.2M | $158.2M | ||
| Q3 25 | $-11.7M | $103.4M | ||
| Q2 25 | $-17.3M | $93.3M | ||
| Q1 25 | $-19.1M | $48.1M | ||
| Q4 24 | $-8.5M | $76.1M | ||
| Q3 24 | $-39.2M | $36.6M | ||
| Q2 24 | $27.0K | $35.7M | ||
| Q1 24 | $-50.2M | $36.1M |
| Q4 25 | 41.9% | — | ||
| Q3 25 | 42.8% | — | ||
| Q2 25 | 35.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 29.7% | — | ||
| Q2 24 | 40.7% | — | ||
| Q1 24 | 34.8% | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -10.2% | — | ||
| Q2 25 | -13.5% | — | ||
| Q1 25 | -13.9% | — | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -39.5% | — | ||
| Q2 24 | -12.1% | — | ||
| Q1 24 | -19.3% | — |
| Q4 25 | -2.3% | 115.1% | ||
| Q3 25 | -9.9% | 88.9% | ||
| Q2 25 | -16.5% | 83.1% | ||
| Q1 25 | -18.4% | 43.6% | ||
| Q4 24 | -6.6% | 73.4% | ||
| Q3 24 | -33.1% | 36.8% | ||
| Q2 24 | 0.0% | 37.9% | ||
| Q1 24 | -41.8% | 42.4% |
| Q4 25 | $0.03 | $1.54 | ||
| Q3 25 | $0.11 | $1.00 | ||
| Q2 25 | $0.16 | $0.90 | ||
| Q1 25 | $0.18 | $0.47 | ||
| Q4 24 | $0.08 | $0.78 | ||
| Q3 24 | $0.36 | $0.37 | ||
| Q2 24 | $0.00 | $0.37 | ||
| Q1 24 | $0.47 | $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 | $24.3M | $25.0M |
| Total DebtLower is stronger | $126.7M | $943.3M |
| Stockholders' EquityBook value | $-29.7M | $4.1B |
| Total Assets | $296.3M | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $25.0M | ||
| Q3 25 | $32.4M | $26.2M | ||
| Q2 25 | $34.2M | $128.4M | ||
| Q1 25 | $21.6M | $156.5M | ||
| Q4 24 | $29.0M | $18.1M | ||
| Q3 24 | $23.4M | $243.7M | ||
| Q2 24 | $23.4M | $182.0M | ||
| Q1 24 | $34.5M | $649.6M |
| Q4 25 | $126.7M | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | $70.7M | $823.4M | ||
| Q3 24 | $50.8M | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $-29.7M | $4.1B | ||
| Q3 25 | $-26.9M | $4.0B | ||
| Q2 25 | $-15.6M | $3.9B | ||
| Q1 25 | $1.3M | $3.9B | ||
| Q4 24 | $20.2M | $3.7B | ||
| Q3 24 | $28.0M | $3.6B | ||
| Q2 24 | $66.4M | $3.4B | ||
| Q1 24 | $65.5M | $3.4B |
| Q4 25 | $296.3M | $5.4B | ||
| Q3 25 | $302.1M | $5.3B | ||
| Q2 25 | $303.8M | $5.0B | ||
| Q1 25 | $293.8M | $4.9B | ||
| Q4 24 | $307.8M | $4.8B | ||
| Q3 24 | $309.3M | $4.6B | ||
| Q2 24 | $362.1M | $4.5B | ||
| Q1 24 | $382.1M | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 3.50× | 0.22× | ||
| Q3 24 | 1.82× | 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 | $-5.8M | $271.9M |
| Free Cash FlowOCF − Capex | $-7.8M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $271.9M | ||
| Q3 25 | $-968.0K | $79.5M | ||
| Q2 25 | $-4.0M | $60.6M | ||
| Q1 25 | $-23.1M | $61.4M | ||
| Q4 24 | $6.8M | $232.7M | ||
| Q3 24 | $1.1M | $70.0M | ||
| Q2 24 | $-8.9M | $64.3M | ||
| Q1 24 | $-16.8M | $47.0M |
| Q4 25 | $-7.8M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-7.0M | — | ||
| Q1 25 | $-25.3M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $101.0K | — | ||
| Q2 24 | $-11.0M | — | ||
| Q1 24 | $-19.9M | — |
| Q4 25 | -5.5% | — | ||
| Q3 25 | -1.5% | — | ||
| Q2 25 | -6.6% | — | ||
| Q1 25 | -24.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | -9.2% | — | ||
| Q1 24 | -16.5% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 2.5% | — |
| 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 | -330.22× | 1.80× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
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% |
