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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $127.0M, roughly 1.1× BRANDYWINE REALTY TRUST). PAMT CORP runs the higher net margin — -20.7% vs -38.4%, a 17.7% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs -15.1%). Over the past eight quarters, BRANDYWINE REALTY TRUST's revenue compounded faster (0.7% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $141.3M |
| Net Profit | $-48.8M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 1.2% | -27.0% |
| Net Margin | -38.4% | -20.7% |
| Revenue YoY | 4.5% | -15.1% |
| Net Profit YoY | -80.4% | 7.4% |
| EPS (diluted) | $-0.28 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $121.4M | $150.3M | ||
| Q2 25 | $120.6M | $151.1M | ||
| Q1 25 | $121.5M | $155.3M | ||
| Q4 24 | $121.9M | $166.5M | ||
| Q3 24 | $131.8M | $182.6M | ||
| Q2 24 | $125.3M | $182.9M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-29.3M | ||
| Q3 25 | $-25.9M | $-5.6M | ||
| Q2 25 | $-88.7M | $-9.6M | ||
| Q1 25 | $-27.0M | $-8.1M | ||
| Q4 24 | $-44.5M | $-31.6M | ||
| Q3 24 | $-165.2M | $2.4M | ||
| Q2 24 | $30.2M | $-2.9M |
| 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% | -27.0% | ||
| Q3 25 | 20.8% | -3.8% | ||
| Q2 25 | -34.3% | -7.3% | ||
| Q1 25 | 12.5% | -5.9% | ||
| Q4 24 | 18.0% | -22.6% | ||
| Q3 24 | -7.2% | 1.3% | ||
| Q2 24 | 15.5% | -0.4% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -20.7% | ||
| Q3 25 | -21.3% | -3.7% | ||
| Q2 25 | -73.5% | -6.4% | ||
| Q1 25 | -22.2% | -5.2% | ||
| Q4 24 | -36.5% | -19.0% | ||
| Q3 24 | -125.4% | 1.3% | ||
| Q2 24 | 24.1% | -1.6% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $-1.38 | ||
| Q3 25 | $-0.15 | $-0.27 | ||
| Q2 25 | $-0.51 | $-0.46 | ||
| Q1 25 | $-0.16 | $-0.37 | ||
| Q4 24 | $-0.25 | $-1.44 | ||
| Q3 24 | $-0.96 | $0.11 | ||
| Q2 24 | $0.17 | $-0.13 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | — | $210.5M |
| Total Assets | $3.6B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $83.7M | ||
| Q3 25 | $75.5M | $115.6M | ||
| Q2 25 | $122.6M | $117.3M | ||
| Q1 25 | $29.4M | $102.7M | ||
| Q4 24 | $90.2M | $110.7M | ||
| Q3 24 | $36.5M | $92.3M | ||
| Q2 24 | $30.4M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $333.9M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $325.6M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $210.5M | ||
| Q3 25 | $841.5M | $239.5M | ||
| Q2 25 | $879.8M | $244.9M | ||
| Q1 25 | $993.6M | $269.6M | ||
| Q4 24 | $1.0B | $277.5M | ||
| Q3 24 | $1.1B | $308.9M | ||
| Q2 24 | $1.3B | $306.7M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $697.9M | ||
| Q3 25 | $3.3B | $715.2M | ||
| Q2 25 | $3.4B | $707.9M | ||
| Q1 25 | $3.4B | $712.6M | ||
| Q4 24 | $3.5B | $741.7M | ||
| Q3 24 | $3.6B | $756.7M | ||
| Q2 24 | $3.8B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 1.59× | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | 1.17× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $-5.8M | ||
| Q3 25 | $47.5M | $5.9M | ||
| Q2 25 | $34.4M | $12.2M | ||
| Q1 25 | $6.3M | $5.0M | ||
| Q4 24 | $181.1M | $15.2M | ||
| Q3 24 | $52.2M | $15.5M | ||
| Q2 24 | $48.2M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| 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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
