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Side-by-side financial comparison of ACCURAY INC (ARAY) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $102.2M, roughly 1.4× ACCURAY INC). ACCURAY INC runs the higher net margin — -13.5% vs -31.4%, a 17.9% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -12.0%). Over the past eight quarters, ACCURAY INC's revenue compounded faster (0.5% CAGR vs 0.0%).

Accuray is a radiation therapy company that develops, manufactures, and sells radiation therapy systems to deliver treatments including stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT). It is the developer of innovative technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, the latest generation TomoTherapy platform. The company is headquartered in Sunnyvale, CA, the United States. The platforms are installed in leading healthcare ...

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

ARAY vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.4× larger
PDM
$143.3M
$102.2M
ARAY
Growing faster (revenue YoY)
PDM
PDM
+12.4% gap
PDM
0.4%
-12.0%
ARAY
Higher net margin
ARAY
ARAY
17.9% more per $
ARAY
-13.5%
-31.4%
PDM
Faster 2-yr revenue CAGR
ARAY
ARAY
Annualised
ARAY
0.5%
0.0%
PDM

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ARAY
ARAY
PDM
PDM
Revenue
$102.2M
$143.3M
Net Profit
$-13.8M
$-45.0M
Gross Margin
23.5%
Operating Margin
-11.3%
Net Margin
-13.5%
-31.4%
Revenue YoY
-12.0%
0.4%
Net Profit YoY
-642.8%
-27.9%
EPS (diluted)
$-0.11
$-0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARAY
ARAY
PDM
PDM
Q1 26
$143.3M
Q4 25
$102.2M
$142.9M
Q3 25
$93.9M
$139.2M
Q2 25
$127.5M
$140.3M
Q1 25
$113.2M
$142.7M
Q4 24
$116.2M
$143.2M
Q3 24
$101.5M
$139.3M
Q2 24
$134.3M
$143.3M
Net Profit
ARAY
ARAY
PDM
PDM
Q1 26
$-45.0M
Q4 25
$-13.8M
$-43.2M
Q3 25
$-21.7M
$-13.5M
Q2 25
$1.1M
$-16.8M
Q1 25
$-1.3M
$-10.1M
Q4 24
$2.5M
$-30.0M
Q3 24
$-4.0M
$-11.5M
Q2 24
$3.4M
$-9.8M
Gross Margin
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
23.5%
Q3 25
28.3%
Q2 25
30.6%
Q1 25
27.9%
Q4 24
36.1%
Q3 24
33.9%
Q2 24
28.6%
Operating Margin
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
-11.3%
Q3 25
-12.0%
Q2 25
3.3%
Q1 25
0.9%
Q4 24
4.1%
Q3 24
-2.1%
Q2 24
5.1%
Net Margin
ARAY
ARAY
PDM
PDM
Q1 26
-31.4%
Q4 25
-13.5%
-30.3%
Q3 25
-23.1%
-9.7%
Q2 25
0.9%
-12.0%
Q1 25
-1.1%
-7.1%
Q4 24
2.2%
-20.9%
Q3 24
-3.9%
-8.3%
Q2 24
2.5%
-6.8%
EPS (diluted)
ARAY
ARAY
PDM
PDM
Q1 26
$-0.10
Q4 25
$-0.11
$-0.34
Q3 25
$-0.18
$-0.11
Q2 25
$0.01
$-0.14
Q1 25
$-0.01
$-0.08
Q4 24
$0.02
$-0.25
Q3 24
$-0.04
$-0.09
Q2 24
$0.03
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARAY
ARAY
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$41.3M
$2.3M
Total DebtLower is stronger
$135.9M
Stockholders' EquityBook value
$53.4M
$1.5B
Total Assets
$448.0M
$4.0B
Debt / EquityLower = less leverage
2.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARAY
ARAY
PDM
PDM
Q1 26
$2.3M
Q4 25
$41.3M
$731.0K
Q3 25
$63.3M
$3.0M
Q2 25
$57.4M
$3.3M
Q1 25
$77.8M
$2.9M
Q4 24
$62.6M
$109.6M
Q3 24
$59.2M
$133.6M
Q2 24
$68.6M
$138.5M
Total Debt
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
$135.9M
$2.2B
Q3 25
$140.2M
$2.2B
Q2 25
$136.5M
$2.2B
Q1 25
$173.8M
$2.2B
Q4 24
$175.5M
$2.2B
Q3 24
$170.2M
$2.2B
Q2 24
$172.2M
$2.2B
Stockholders' Equity
ARAY
ARAY
PDM
PDM
Q1 26
$1.5B
Q4 25
$53.4M
$1.5B
Q3 25
$61.9M
$1.5B
Q2 25
$81.2M
$1.5B
Q1 25
$49.6M
$1.6B
Q4 24
$47.9M
$1.6B
Q3 24
$45.2M
$1.6B
Q2 24
$45.1M
$1.7B
Total Assets
ARAY
ARAY
PDM
PDM
Q1 26
$4.0B
Q4 25
$448.0M
$4.0B
Q3 25
$456.8M
$4.0B
Q2 25
$470.2M
$4.0B
Q1 25
$484.3M
$4.0B
Q4 24
$478.4M
$4.1B
Q3 24
$473.1M
$4.1B
Q2 24
$468.6M
$4.2B
Debt / Equity
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
2.54×
1.49×
Q3 25
2.27×
1.43×
Q2 25
1.68×
1.41×
Q1 25
3.50×
1.40×
Q4 24
3.66×
1.40×
Q3 24
3.76×
1.36×
Q2 24
3.82×
1.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARAY
ARAY
PDM
PDM
Operating Cash FlowLast quarter
$-16.0M
Free Cash FlowOCF − Capex
$-19.0M
FCF MarginFCF / Revenue
-18.6%
Capex IntensityCapex / Revenue
3.0%
110.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
$-16.0M
$140.6M
Q3 25
$12.2M
$35.8M
Q2 25
$-9.7M
$50.1M
Q1 25
$18.1M
$3.7M
Q4 24
$1.8M
$198.1M
Q3 24
$-7.3M
$42.9M
Q2 24
$9.9M
$66.8M
Free Cash Flow
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
$-19.0M
Q3 25
$10.3M
Q2 25
$-11.0M
Q1 25
$17.1M
Q4 24
$927.0K
Q3 24
$-8.4M
Q2 24
$9.4M
FCF Margin
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
-18.6%
Q3 25
10.9%
Q2 25
-8.6%
Q1 25
15.1%
Q4 24
0.8%
Q3 24
-8.3%
Q2 24
7.0%
Capex Intensity
ARAY
ARAY
PDM
PDM
Q1 26
110.3%
Q4 25
3.0%
Q3 25
2.0%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.8%
Q3 24
1.1%
Q2 24
0.3%
Cash Conversion
ARAY
ARAY
PDM
PDM
Q1 26
Q4 25
Q3 25
Q2 25
-8.64×
Q1 25
Q4 24
0.71×
Q3 24
Q2 24
2.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARAY
ARAY

Services$57.2M56%
Products$45.0M44%

PDM
PDM

Segment breakdown not available.

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