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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $121.0M, roughly 1.0× Ramaco Resources, Inc.). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -38.4%, a 27.4% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs -27.7%). Over the past eight quarters, BRANDYWINE REALTY TRUST's revenue compounded faster (0.7% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
BDN vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $121.0M |
| Net Profit | $-48.8M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 1.2% | -12.0% |
| Net Margin | -38.4% | -11.0% |
| Revenue YoY | 4.5% | -27.7% |
| Net Profit YoY | -80.4% | -5468.2% |
| EPS (diluted) | $-0.28 | — |
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 | — | ||
| Q3 25 | $121.4M | $121.0M | ||
| Q2 25 | $120.6M | $153.0M | ||
| Q1 25 | $121.5M | $134.7M | ||
| Q4 24 | $121.9M | $170.9M | ||
| Q3 24 | $131.8M | $167.4M | ||
| Q2 24 | $125.3M | $155.3M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | — | ||
| Q3 25 | $-25.9M | $-13.3M | ||
| Q2 25 | $-88.7M | $-14.0M | ||
| Q1 25 | $-27.0M | $-9.5M | ||
| Q4 24 | $-44.5M | $3.9M | ||
| Q3 24 | $-165.2M | $-239.0K | ||
| Q2 24 | $30.2M | $5.5M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | — | ||
| Q3 25 | 62.6% | 15.8% | ||
| Q2 25 | 62.4% | 12.3% | ||
| Q1 25 | 60.8% | 15.2% | ||
| Q4 24 | 61.2% | 20.4% | ||
| Q3 24 | 64.9% | 19.5% | ||
| Q2 24 | 63.1% | 21.0% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | — | ||
| Q3 25 | 20.8% | -12.0% | ||
| Q2 25 | -34.3% | -9.1% | ||
| Q1 25 | 12.5% | -8.9% | ||
| Q4 24 | 18.0% | 3.7% | ||
| Q3 24 | -7.2% | 1.0% | ||
| Q2 24 | 15.5% | 3.5% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -21.3% | -11.0% | ||
| Q2 25 | -73.5% | -9.1% | ||
| Q1 25 | -22.2% | -7.0% | ||
| Q4 24 | -36.5% | 2.3% | ||
| Q3 24 | -125.4% | -0.1% | ||
| Q2 24 | 24.1% | 3.6% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | — | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $-0.51 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $-0.25 | $0.06 | ||
| Q3 24 | $-0.96 | $-0.03 | ||
| Q2 24 | $0.17 | $0.08 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | — | $526.9M |
| Total Assets | $3.6B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | — | ||
| Q3 25 | $75.5M | $193.8M | ||
| Q2 25 | $122.6M | $28.1M | ||
| Q1 25 | $29.4M | $43.5M | ||
| Q4 24 | $90.2M | $33.0M | ||
| Q3 24 | $36.5M | $22.9M | ||
| Q2 24 | $30.4M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | $116.3M | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $88.2M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | — | ||
| Q3 25 | $841.5M | $526.9M | ||
| Q2 25 | $879.8M | $347.4M | ||
| Q1 25 | $993.6M | $355.2M | ||
| Q4 24 | $1.0B | $362.8M | ||
| Q3 24 | $1.1B | $361.8M | ||
| Q2 24 | $1.3B | $366.1M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.3B | $849.7M | ||
| Q2 25 | $3.4B | $674.6M | ||
| Q1 25 | $3.4B | $685.7M | ||
| Q4 24 | $3.5B | $674.7M | ||
| Q3 24 | $3.6B | $645.4M | ||
| Q2 24 | $3.8B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | 0.22× | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | 0.24× | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | — | ||
| Q3 25 | $47.5M | $-1.4M | ||
| Q2 25 | $34.4M | $-4.3M | ||
| Q1 25 | $6.3M | $26.0M | ||
| Q4 24 | $181.1M | $15.7M | ||
| Q3 24 | $52.2M | $37.4M | ||
| Q2 24 | $48.2M | $34.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.60× | 6.21× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
