Fermi Inc. Common Stock (FRMI) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of Fermi Inc. Common Stock and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 21, 2026. Differences are shown without an overall score or investment verdict.
Total return — FRMI vs TRNO
growth of $100 · dividends reinvested · last 1yFRMI vs TRNO: by the numbers
- •TRNO is the larger company ($7.25B vs $3.77B market cap).
- •TRNO is profitable (77.27% net margin) while FRMI runs a net loss (0.00%).
- •TRNO pays a dividend (3.04% yield), while FRMI has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | FRMI | TRNO |
|---|---|---|
| P/E ratio | N/A | 18.39 |
| Forward P/E | N/A | 32.42 |
| P/S ratio | N/A | 14.51 |
| P/B ratio | 3.69 | 1.65 |
| EV / EBITDA | N/A | 24.89 |
| FCF yield | N/A | 2.54% |
For REITs like Fermi Inc. Common Stock, 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.
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 | FRMI | TRNO |
|---|---|---|
| Gross margin | 0.00% | 75.84% |
| Operating margin | 0.00% | 41.42% |
| Net margin | 0.00% | 77.27% |
| ROE | -67.32% | 8.77% |
| ROIC | -20.71% | 3.65% |
Dividends
| Metric | FRMI | TRNO |
|---|---|---|
| Dividend yield | N/A | 3.04% |
| Payout ratio | N/A | 52.93% |
Fermi Inc. Common Stock'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.
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 | FRMI | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | N/A | 20.25% |
| EPS CAGR (5Y) | N/A | 35.52% |
| FCF CAGR (5Y) | N/A | 18.95% |
| Total return CAGR (5Y) | N/A | 3.58% |
Frequently asked
- Does FRMI or TRNO pay a bigger dividend?
- TRNO pays a dividend (3.04% yield), while FRMI has no payments in the available dividend history.
- Is FRMI or TRNO more profitable?
- TRNO runs the higher net margin — FRMI at 0.00% versus TRNO at 77.27%.
Go deeper
Dig into the metrics
Fermi Inc. Common Stock & 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 August 21, 2026.