Terreno Realty Corporation (TRNO) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)
TRNO leads on 10 of 16 compared metrics.
A side-by-side comparison of Terreno Realty Corporation and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
TRNO
Terreno Realty Corporation
$67.27Real Estate
TSM
Taiwan Semiconductor Manufacturing Company Limited
$423.93Technology
Total return — TRNO vs TSM
growth of $100 · last 16yTRNO +260.7%TSM +4270.4%TSM compounded faster
Log scale — wide-divergence pair
TRNO TSM
TRNO vs TSM: by the numbers
- •TSM is the larger company ($2.20T vs $7.15B market cap).
- •TRNO trades at the lower earnings multiple (16.49 vs 35.24 P/E).
- •TRNO converts more revenue to profit (86.52% vs 46.90% net margin).
- •TSM grew revenue faster over the past five years (22.49% vs 20.57% CAGR).
- •TRNO pays the higher dividend yield (3.05% vs 0.83%).
Which is better, TRNO or TSM?
Metric tally: TRNO 10 · TSM 6It depends on what you're optimizing for:
ValueTRNO(lower P/E)
GrowthTSM(faster 5Y revenue CAGR)
IncomeTRNO(higher dividend yield)
QualityTSM(higher ROIC)
Valuation
| Metric | TRNO | TSM |
|---|---|---|
| P/E ratio | 16.49● | 35.24 |
| Forward P/E | 40.04 | — |
| P/S ratio | 14.43● | 16.45 |
| P/B ratio | 1.65● | 11.92 |
| PEG ratio | 0.14● | 0.64 |
| EV / EBITDA | 13.82● | 20.78 |
| FCF yield | 2.87%● | 1.62% |
Profitability
| Metric | TRNO | TSM |
|---|---|---|
| Gross margin | 63.89%● | 61.78% |
| Operating margin | 40.81% | 53.15%● |
| Net margin | 86.52%● | 46.90% |
| ROE | 9.88% | 33.98%● |
| ROIC | 3.66% | 25.10%● |
Dividends
| Metric | TRNO | TSM |
|---|---|---|
| Dividend yield | 3.05%● | 0.83% |
| Payout ratio | 52.16% | 33.09% |
Growth (annualized)
| Metric | TRNO | TSM |
|---|---|---|
| Revenue CAGR (5Y) | 20.57% | 22.49%● |
| EPS CAGR (5Y) | 35.52%● | 25.67% |
| FCF CAGR (5Y) | 22.41% | 30.09%● |
| Total return CAGR (5Y) | 3.07% | 30.87%● |
Frequently asked
- Which is better, TRNO or TSM?
- It depends on your goal. value: TRNO (lower P/E); growth: TSM (faster 5Y revenue CAGR); income: TRNO (higher dividend yield); quality: TSM (higher ROIC). Across all compared metrics, TRNO leads 10 to 6.
- Is TRNO or TSM cheaper?
- On trailing earnings, TRNO is cheaper: TRNO trades at a 16.49 P/E and TSM at 35.24.
- Which has grown faster, TRNO or TSM?
- Over the past five years, TSM grew revenue faster — TRNO at a 20.57% CAGR versus TSM at 22.49%.
- Does TRNO or TSM pay a bigger dividend?
- TRNO yields 3.05% and TSM yields 0.83% based on trailing dividends and the latest price.
- Is TRNO or TSM more profitable?
- TRNO runs the higher net margin — TRNO at 86.52% versus TSM at 46.90%.
- Which has been the better investment, TRNO or TSM?
- Over the past 10-year, TSM delivered the higher annualized total return — TRNO at 13.47% versus TSM at 35.19%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Terreno Realty P/E ratioTaiwan Semiconductor Manufacturing P/E ratioTerreno Realty dividend yieldTaiwan Semiconductor Manufacturing dividend yieldTerreno Realty ROETaiwan Semiconductor Manufacturing ROETerreno Realty operating marginTaiwan Semiconductor Manufacturing operating marginTerreno Realty revenue growthTaiwan Semiconductor Manufacturing revenue growthTerreno Realty free cash flowTaiwan Semiconductor Manufacturing free cash flow
Terreno Realty & Taiwan Semiconductor Manufacturing 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 June 13, 2026.