Terreno Realty annual operating margin
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2025
Terreno Realty Operating Margin Growth & History (TRNO)
Terreno Realty's operating margin was 40.32% for fiscal 2025.
View full Terreno Realty company overviewTerreno Realty annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 40.32% | +1.65 pp |
| 2024 | 2024-12-31 | 38.67% | −2.47 pp |
| 2023 | 2023-12-31 | 41.14% | +1.72 pp |
| 2022 | 2022-12-31 | 39.42% | −0.17 pp |
| 2021 | 2021-12-31 | 39.59% | +3.12 pp |
| 2020 | 2020-12-31 | 36.47% | +2.06 pp |
| 2019 | 2019-12-31 | 34.40% | +1.94 pp |
| 2018 | 2018-12-31 | 32.46% | +2.98 pp |
| 2017 | 2017-12-31 | 29.47% | +9.88 pp |
| 2016 | 2016-12-31 | 19.60% | +5.36 pp |
| 2015 | 2015-12-31 | 14.24% | −10.89 pp |
| 2014 | 2014-12-31 | 25.13% | +6.34 pp |
| 2013 | 2013-12-31 | 18.79% | — |
Terreno Realty quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 41.77% | +2.81 pp |
| Q1 2026 | 2026-03-31 | 40.74% | +1.81 pp |
| Q4 2025 | 2025-12-31 | 41.76% | +3.97 pp |
| Q3 2025 | 2025-09-30 | 41.26% | +1.92 pp |
| Q2 2025 | 2025-06-30 | 38.96% | −0.18 pp |
| Q1 2025 | 2025-03-31 | 38.93% | +0.48 pp |
| Q4 2024 | 2024-12-31 | 37.79% | −4.34 pp |
| Q3 2024 | 2024-09-30 | 39.34% | −2.92 pp |
| Q2 2024 | 2024-06-30 | 39.14% | −2.26 pp |
| Q1 2024 | 2024-03-31 | 38.45% | −0.06 pp |
| Q4 2023 | 2023-12-31 | 42.12% | +2.89 pp |
| Q3 2023 | 2023-09-30 | 42.25% | +1.96 pp |
| Q2 2023 | 2023-06-30 | 41.40% | +1.75 pp |
| Q1 2023 | 2023-03-31 | 38.50% | +0.05 pp |
| Q4 2022 | 2022-12-31 | 39.23% | −0.13 pp |
| Q3 2022 | 2022-09-30 | 40.29% | +0.77 pp |
| Q2 2022 | 2022-06-30 | 39.65% | −0.08 pp |
| Q1 2022 | 2022-03-31 | 38.45% | −1.33 pp |
| Q4 2021 | 2021-12-31 | 39.37% | +3.28 pp |
| Q3 2021 | 2021-09-30 | 39.52% | +2.31 pp |
| Q2 2021 | 2021-06-30 | 39.73% | +3.28 pp |
| Q1 2021 | 2021-03-31 | 39.78% | +3.66 pp |
| Q4 2020 | 2020-12-31 | 36.09% | +2.12 pp |
| Q3 2020 | 2020-09-30 | 37.21% | +0.06 pp |
| Q2 2020 | 2020-06-30 | 36.45% | +3.82 pp |
| Q1 2020 | 2020-03-31 | 36.12% | +2.35 pp |
| Q4 2019 | 2019-12-31 | 33.97% | +2.25 pp |
| Q3 2019 | 2019-09-30 | 37.15% | +2.35 pp |
| Q2 2019 | 2019-06-30 | 32.63% | +0.03 pp |
| Q1 2019 | 2019-03-31 | 33.78% | +3.06 pp |
| Q4 2018 | 2018-12-31 | 31.72% | +1.89 pp |
| Q3 2018 | 2018-09-30 | 34.80% | +5.13 pp |
| Q2 2018 | 2018-06-30 | 32.60% | +4.50 pp |
| Q1 2018 | 2018-03-31 | 30.72% | +0.41 pp |
| Q4 2017 | 2017-12-31 | 29.83% | +11.50 pp |
| Q3 2017 | 2017-09-30 | 29.67% | +12.40 pp |
| Q2 2017 | 2017-06-30 | 28.10% | +5.43 pp |
| Q1 2017 | 2017-03-31 | 30.31% | +9.88 pp |
| Q4 2016 | 2016-12-31 | 18.33% | +20.79 pp |
| Q3 2016 | 2016-09-30 | 17.27% | −9.12 pp |
| Q2 2016 | 2016-06-30 | 22.67% | −4.18 pp |
| Q1 2016 | 2016-03-31 | 20.43% | +14.72 pp |
| Q4 2015 | 2015-12-31 | −2.47% | −27.23 pp |
| Q3 2015 | 2015-09-30 | 26.40% | −1.31 pp |
| Q2 2015 | 2015-06-30 | 26.85% | +0.48 pp |
| Q1 2015 | 2015-03-31 | 5.72% | −15.66 pp |
| Q4 2014 | 2014-12-31 | 24.76% | — |
| Q3 2014 | 2014-09-30 | 27.71% | — |
| Q2 2014 | 2014-06-30 | 26.37% | — |
| Q1 2014 | 2014-03-31 | 21.37% | — |
Terreno Realty operating margin trends
Over the last five fiscal years, Terreno Realty's operating margin increased from 36.47% to 40.32%, a change of +3.85 percentage points. The latest reported quarter, Q2 2026, shows 41.77%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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