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Terreno Realty vs Ellington Financial: TRNO and EFC compared
Terreno Realty is the larger company: $132M of revenue in its latest quarter (Q3 2026) against $118M for Ellington Financial (Q3 2026). Ellington Financial is growing faster (+42% against +14% a year earlier). Terreno Realty is more profitable, with an operating margin of 42.2% against 40.7%.
Where the money goes: TRNO and EFC
Terreno Realty (TRNO) · Q3 2026
Terreno Realty, Q3 2026: revenue $132M (+14% year over year), operating margin 42.2%, net earnings $68.1M, operating cash flow $81.2M. The chart follows the revenue to costs, profit and cash.
Ellington Financial (EFC) · Q3 2026
Ellington Financial, Q3 2026: revenue $118M (+42% year over year), operating margin 40.7%, net earnings $40.4M, operating cash flow $16.7M. The chart follows the revenue to costs, profit and cash.
| Terreno Realty (TRNO) | Ellington Financial (EFC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $132M | $118M |
| Revenue growth, Y/Y | +14% | +42% |
| Operating margin | 42.2% | 40.7% |
| Net earnings | $68.1M | $40.4M |
| Net margin | 51.5% | 34.3% |
| Operating cash flow | $81.2M | $16.7M |
| Free cash flow | $54.1M | $15.8M |
| Market value | $7.0B | — |
| P/E | 19.1× | — |
| Analysts’ mean target | $73.59 | — |
Where the revenue comes from
Ellington Financial
- Net interest income: $69.0M (59%)
- Noninterest income: $48.8M (41%)
Questions
Which is bigger, Terreno Realty or Ellington Financial?
Terreno Realty is the larger company: $132M of revenue in its latest quarter (Q3 2026) against $118M for Ellington Financial (Q3 2026).
Is Terreno Realty or Ellington Financial growing faster?
Ellington Financial is growing faster (+42% against +14% a year earlier).
Which is more profitable, Terreno Realty or Ellington Financial?
Terreno Realty is more profitable, with an operating margin of 42.2% against 40.7%.
More: Terreno Realty earnings · how Terreno Realty makes money · Ellington Financial earnings · how Ellington Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.