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Side-by-side financial comparison of Terreno Realty Corp (TRNO) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $111.7M, roughly 1.2× ZIPRECRUITER, INC.). Terreno Realty Corp runs the higher net margin — 115.1% vs -0.7%, a 115.8% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 0.6%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
TRNO vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $137.5M | $111.7M |
| Net Profit | $158.2M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | — | 3.6% |
| Net Margin | 115.1% | -0.7% |
| Revenue YoY | 32.6% | 0.6% |
| Net Profit YoY | 107.9% | 92.3% |
| EPS (diluted) | $1.54 | $-0.03 |
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 | $137.5M | $111.7M | ||
| Q3 25 | $116.2M | $115.0M | ||
| Q2 25 | $112.2M | $112.2M | ||
| Q1 25 | $110.4M | $110.1M | ||
| Q4 24 | $103.7M | $111.0M | ||
| Q3 24 | $99.6M | $117.1M | ||
| Q2 24 | $94.2M | $123.7M | ||
| Q1 24 | $85.0M | $122.2M |
| Q4 25 | $158.2M | $-835.0K | ||
| Q3 25 | $103.4M | $-9.8M | ||
| Q2 25 | $93.3M | $-9.5M | ||
| Q1 25 | $48.1M | $-12.8M | ||
| Q4 24 | $76.1M | $-10.8M | ||
| Q3 24 | $36.6M | $-2.6M | ||
| Q2 24 | $35.7M | $7.0M | ||
| Q1 24 | $36.1M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -10.6% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | — | -2.8% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | 115.1% | -0.7% | ||
| Q3 25 | 88.9% | -8.5% | ||
| Q2 25 | 83.1% | -8.5% | ||
| Q1 25 | 43.6% | -11.7% | ||
| Q4 24 | 73.4% | -9.7% | ||
| Q3 24 | 36.8% | -2.2% | ||
| Q2 24 | 37.9% | 5.7% | ||
| Q1 24 | 42.4% | -5.3% |
| Q4 25 | $1.54 | $-0.03 | ||
| Q3 25 | $1.00 | $-0.11 | ||
| Q2 25 | $0.90 | $-0.10 | ||
| Q1 25 | $0.47 | $-0.13 | ||
| Q4 24 | $0.78 | $-0.10 | ||
| Q3 24 | $0.37 | $-0.03 | ||
| Q2 24 | $0.37 | $0.07 | ||
| Q1 24 | $0.40 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | $943.3M | — |
| Stockholders' EquityBook value | $4.1B | $-77.2M |
| Total Assets | $5.4B | $569.7M |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.0M | $188.0M | ||
| Q3 25 | $26.2M | $211.8M | ||
| Q2 25 | $128.4M | $203.5M | ||
| Q1 25 | $156.5M | $221.1M | ||
| Q4 24 | $18.1M | $218.4M | ||
| Q3 24 | $243.7M | $225.6M | ||
| Q2 24 | $182.0M | $271.7M | ||
| Q1 24 | $649.6M | $282.5M |
| Q4 25 | $943.3M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $742.4M | — | ||
| Q1 25 | $741.9M | — | ||
| Q4 24 | $823.4M | — | ||
| Q3 24 | $672.2M | — | ||
| Q2 24 | $772.0M | — | ||
| Q1 24 | $771.8M | — |
| Q4 25 | $4.1B | $-77.2M | ||
| Q3 25 | $4.0B | $-76.1M | ||
| Q2 25 | $3.9B | $-65.9M | ||
| Q1 25 | $3.9B | $-11.3M | ||
| Q4 24 | $3.7B | $13.4M | ||
| Q3 24 | $3.6B | $13.6M | ||
| Q2 24 | $3.4B | $24.4M | ||
| Q1 24 | $3.4B | $12.7M |
| Q4 25 | $5.4B | $569.7M | ||
| Q3 25 | $5.3B | $573.6M | ||
| Q2 25 | $5.0B | $592.4M | ||
| Q1 25 | $4.9B | $629.4M | ||
| Q4 24 | $4.8B | $664.1M | ||
| Q3 24 | $4.6B | $652.0M | ||
| Q2 24 | $4.5B | $665.3M | ||
| Q1 24 | $4.4B | $662.4M |
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $271.9M | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.6M |
| FCF MarginFCF / Revenue | — | 6.8% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.9M | $7.7M | ||
| Q3 25 | $79.5M | $2.6M | ||
| Q2 25 | $60.6M | $10.5M | ||
| Q1 25 | $61.4M | $-9.9M | ||
| Q4 24 | $232.7M | $12.5M | ||
| Q3 24 | $70.0M | $9.3M | ||
| Q2 24 | $64.3M | $21.9M | ||
| Q1 24 | $47.0M | $2.0M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| 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× | 3.12× | ||
| Q1 24 | 1.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |