DeFi Technologies Inc. (DEFT) vs Terreno Realty Corporation (TRNO)

A side-by-side comparison of DeFi Technologies Inc. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

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Different business models: DEFT is classified in Financial Services; TRNO is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

Total returnDEFT vs TRNO

growth of $100 · dividends reinvested · last 2y
DEFT -64.3% (-40.2%/yr)TRNO +2.4% (+1.2%/yr)TRNO compounded faster over this window
50100150200250Start $10020252026$36$102
DEFT TRNO

DEFT vs TRNO: by the numbers

  • TRNO is the larger company ($6.94B vs $224M market cap).
  • DEFT converts more revenue to profit (78.41% vs 77.27% net margin).
  • DEFT grew revenue faster over the past five years (165.97% vs 20.25% CAGR).
  • TRNO pays a dividend (3.19% yield), while DEFT has no payments in the available dividend history.

Metrics side by side

Valuation

MetricDEFTTRNO
P/E ratio9.0117.55
Forward P/EN/A30.93
P/S ratio6.8713.80
P/B ratio1.571.57
EV / EBITDAN/A23.82
FCF yieldN/A2.67%

For REITs like Terreno Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.

Profitability

MetricDEFTTRNO
Gross margin70.40%75.84%
Operating margin37.40%41.42%
Net margin78.41%77.27%
ROE17.93%8.77%
ROICN/A3.65%

Dividends

MetricDEFTTRNO
Dividend yieldN/A3.19%
Payout ratioN/A55.91%

Terreno Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.

Growth (annualized)

MetricDEFTTRNO
Revenue CAGR (5Y)165.97%20.25%
EPS CAGR (5Y)48.85%35.52%
FCF CAGR (5Y)N/A18.95%
Total return CAGR (5Y)N/A2.24%

Frequently asked

Which has grown faster, DEFT or TRNO?
Over the past five years, DEFT grew revenue faster — DEFT at a 165.97% CAGR versus TRNO at 20.25%.
Does DEFT or TRNO pay a bigger dividend?
TRNO pays a dividend (3.19% yield), while DEFT has no payments in the available dividend history.
Is DEFT or TRNO more profitable?
DEFT runs the higher net margin — DEFT at 78.41% versus TRNO at 77.27%.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.