TRNO vs VTMX
Terreno Realty Corp. and Vesta Real Estate Corporation, S.a.b. de C.v., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | TRNO | VTMX |
|---|---|---|
| Revenue | $476.4M | $283.2M |
| Net income | $403.0M | $241.9M |
| Gross margin | 65.1% | · |
| Net margin | 84.6% | 85.4% |
| Return on equity | 10.3% | 9.1% |
| Diluted EPS | $3.91 | $0.28 |
| Dividend / share | $2.02 | · |
| Payout ratio | 50.6% | 28.2% |
| Free cash flow | · | $206.4M |
| Equity | $4.1B | $2.7B |
| Net debt / equity | 0.22× | 0.35× |
| Current ratio | · | 4.84× |
| Revenue CAGR 5y | 20.6% | · |
| Profit CAGR 5y | 38.2% | · |
TRNO bills 1.7× the revenue of VTMX, and VTMX keeps more of each dollar of revenue as profit (85.4% against 84.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | TRNO | VTMX |
|---|---|---|
| FY2025 | $476.4M | $283.2M |
| FY2024 | $382.6M | $252.3M |
| FY2023 | $323.6M | $214.5M |
| FY2022 | $276.2M | $178.0M |
| FY2021 | $221.9M | $160.8M |
Bottom line
| Fiscal year | TRNO | VTMX |
|---|---|---|
| FY2025 | $403.0M | $241.9M |
| FY2024 | $184.5M | $223.3M |
| FY2023 | $151.5M | $316.6M |
| FY2022 | $198.0M | $243.6M |
| FY2021 | $87.3M | $173.9M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$193,158,193 | TRNO |
| FY2024 | +$130,293,878 | TRNO |
| FY2023 | +$109,122,388 | TRNO |
| FY2022 | +$98,186,539 | TRNO |
| FY2021 | +$61,143,642 | TRNO |
TRNO has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.8 pp | VTMX |
| FY2024 | −40.3 pp | VTMX |
| FY2023 | −100.8 pp | VTMX |
| FY2022 | −65.2 pp | VTMX |
| FY2021 | −68.9 pp | VTMX |
VTMX has kept the higher net margin in every one of these 5 fiscal years.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VTMX's net margin has been more volatile than TRNO's over the 5 comparable fiscal years — 25.1 percentage points of standard deviation against 17.1.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
VTMX led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VTMX's return on equity has been more volatile than TRNO's over the 5 comparable fiscal years — 3.0 percentage points of standard deviation against 2.2.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between TRNO and VTMX over these 5 fiscal years — TRNO led in 1 and VTMX in 4.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.