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.
Total return — DEFT vs TRNO
growth of $100 · dividends reinvested · last 2yDEFT 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
| Metric | DEFT | TRNO |
|---|---|---|
| P/E ratio | 9.01 | 17.55 |
| Forward P/E | N/A | 30.93 |
| P/S ratio | 6.87 | 13.80 |
| P/B ratio | 1.57 | 1.57 |
| EV / EBITDA | N/A | 23.82 |
| FCF yield | N/A | 2.67% |
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
| Metric | DEFT | TRNO |
|---|---|---|
| Gross margin | 70.40% | 75.84% |
| Operating margin | 37.40% | 41.42% |
| Net margin | 78.41% | 77.27% |
| ROE | 17.93% | 8.77% |
| ROIC | N/A | 3.65% |
Dividends
| Metric | DEFT | TRNO |
|---|---|---|
| Dividend yield | N/A | 3.19% |
| Payout ratio | N/A | 55.91% |
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)
| Metric | DEFT | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 165.97% | 20.25% |
| EPS CAGR (5Y) | 48.85% | 35.52% |
| FCF CAGR (5Y) | N/A | 18.95% |
| Total return CAGR (5Y) | N/A | 2.24% |
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%.
Go deeper
Dig into the metrics
DeFi Technologies & Terreno Realty appear in these rankings
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.