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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $127.0M, roughly 1.9× BRANDYWINE REALTY TRUST). Claritev Corp runs the higher net margin — -32.7% vs -38.4%, a 5.7% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs 4.5%). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
BDN vs CTEV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $246.6M |
| Net Profit | $-48.8M | $-80.6M |
| Gross Margin | — | — |
| Operating Margin | 1.2% | -3.1% |
| Net Margin | -38.4% | -32.7% |
| Revenue YoY | 4.5% | 6.2% |
| Net Profit YoY | -80.4% | 41.6% |
| EPS (diluted) | $-0.28 | $-4.88 |
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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $246.6M | ||
| Q3 25 | $121.4M | $246.0M | ||
| Q2 25 | $120.6M | $241.6M | ||
| Q1 25 | $121.5M | $231.3M | ||
| Q4 24 | $121.9M | $232.1M | ||
| Q3 24 | $131.8M | $230.5M | ||
| Q2 24 | $125.3M | $233.5M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-80.6M | ||
| Q3 25 | $-25.9M | $-69.8M | ||
| Q2 25 | $-88.7M | $-62.6M | ||
| Q1 25 | $-27.0M | $-71.3M | ||
| Q4 24 | $-44.5M | $-138.0M | ||
| Q3 24 | $-165.2M | $-391.4M | ||
| Q2 24 | $30.2M | $-576.7M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 60.8% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 63.1% | — |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | -3.1% | ||
| Q3 25 | 20.8% | 4.1% | ||
| Q2 25 | -34.3% | 6.9% | ||
| Q1 25 | 12.5% | 4.2% | ||
| Q4 24 | 18.0% | -17.8% | ||
| Q3 24 | -7.2% | -146.7% | ||
| Q2 24 | 15.5% | -224.4% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -32.7% | ||
| Q3 25 | -21.3% | -28.4% | ||
| Q2 25 | -73.5% | -25.9% | ||
| Q1 25 | -22.2% | -30.8% | ||
| Q4 24 | -36.5% | -59.4% | ||
| Q3 24 | -125.4% | -169.8% | ||
| Q2 24 | 24.1% | -247.0% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $-4.88 | ||
| Q3 25 | $-0.15 | $-4.23 | ||
| Q2 25 | $-0.51 | $-3.81 | ||
| Q1 25 | $-0.16 | $-4.38 | ||
| Q4 24 | $-0.25 | $-8.49 | ||
| Q3 24 | $-0.96 | $-24.25 | ||
| Q2 24 | $0.17 | $-35.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $16.8M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | — | $-173.9M |
| Total Assets | $3.6B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $16.8M | ||
| Q3 25 | $75.5M | $39.2M | ||
| Q2 25 | $122.6M | $56.4M | ||
| Q1 25 | $29.4M | $23.1M | ||
| Q4 24 | $90.2M | $16.8M | ||
| Q3 24 | $36.5M | $86.6M | ||
| Q2 24 | $30.4M | $48.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.6B | ||
| Q3 25 | $2.3B | $4.5B | ||
| Q2 25 | $2.3B | $4.5B | ||
| Q1 25 | $2.2B | $4.5B | ||
| Q4 24 | $2.2B | $4.5B | ||
| Q3 24 | $2.3B | $4.5B | ||
| Q2 24 | $2.2B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $-173.9M | ||
| Q3 25 | $841.5M | $-101.8M | ||
| Q2 25 | $879.8M | $-39.9M | ||
| Q1 25 | $993.6M | $14.8M | ||
| Q4 24 | $1.0B | $84.0M | ||
| Q3 24 | $1.1B | $207.6M | ||
| Q2 24 | $1.3B | $603.4M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $4.9B | ||
| Q3 25 | $3.3B | $5.0B | ||
| Q2 25 | $3.4B | $5.1B | ||
| Q1 25 | $3.4B | $5.1B | ||
| Q4 24 | $3.5B | $5.2B | ||
| Q3 24 | $3.6B | $5.3B | ||
| Q2 24 | $3.8B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | 304.87× | ||
| Q4 24 | 2.13× | 53.67× | ||
| Q3 24 | 2.06× | 21.73× | ||
| Q2 24 | 1.73× | 7.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $66.3M |
| Free Cash FlowOCF − Capex | — | $36.4M |
| FCF MarginFCF / Revenue | — | 14.8% |
| Capex IntensityCapex / Revenue | — | 12.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $66.3M | ||
| Q3 25 | $47.5M | $19.9M | ||
| Q2 25 | $34.4M | $61.2M | ||
| Q1 25 | $6.3M | $-30.1M | ||
| Q4 24 | $181.1M | $-33.4M | ||
| Q3 24 | $52.2M | $72.8M | ||
| Q2 24 | $48.2M | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $36.4M | ||
| Q3 25 | — | $-16.3M | ||
| Q2 25 | — | $36.6M | ||
| Q1 25 | — | $-68.9M | ||
| Q4 24 | — | $-63.8M | ||
| Q3 24 | — | $41.1M | ||
| Q2 24 | — | $-7.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | -29.8% | ||
| Q4 24 | — | -27.5% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -3.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 10.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
CTEV
Segment breakdown not available.
