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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $111.7M, roughly 1.1× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -38.4%, a 37.7% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs 0.6%). Over the past eight quarters, BRANDYWINE REALTY TRUST's revenue compounded faster (0.7% CAGR vs -4.4%).

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 ZIP — Head-to-Head

Bigger by revenue
BDN
BDN
1.1× larger
BDN
$127.0M
$111.7M
ZIP
Growing faster (revenue YoY)
BDN
BDN
+3.9% gap
BDN
4.5%
0.6%
ZIP
Higher net margin
ZIP
ZIP
37.7% more per $
ZIP
-0.7%
-38.4%
BDN
Faster 2-yr revenue CAGR
BDN
BDN
Annualised
BDN
0.7%
-4.4%
ZIP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDN
BDN
ZIP
ZIP
Revenue
$127.0M
$111.7M
Net Profit
$-48.8M
$-835.0K
Gross Margin
89.1%
Operating Margin
1.2%
3.6%
Net Margin
-38.4%
-0.7%
Revenue YoY
4.5%
0.6%
Net Profit YoY
-80.4%
92.3%
EPS (diluted)
$-0.28
$-0.03

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
BDN
BDN
ZIP
ZIP
Q1 26
$127.0M
Q4 25
$121.0M
$111.7M
Q3 25
$121.4M
$115.0M
Q2 25
$120.6M
$112.2M
Q1 25
$121.5M
$110.1M
Q4 24
$121.9M
$111.0M
Q3 24
$131.8M
$117.1M
Q2 24
$125.3M
$123.7M
Net Profit
BDN
BDN
ZIP
ZIP
Q1 26
$-48.8M
Q4 25
$-36.7M
$-835.0K
Q3 25
$-25.9M
$-9.8M
Q2 25
$-88.7M
$-9.5M
Q1 25
$-27.0M
$-12.8M
Q4 24
$-44.5M
$-10.8M
Q3 24
$-165.2M
$-2.6M
Q2 24
$30.2M
$7.0M
Gross Margin
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
61.3%
89.1%
Q3 25
62.6%
89.1%
Q2 25
62.4%
89.3%
Q1 25
60.8%
89.4%
Q4 24
61.2%
89.6%
Q3 24
64.9%
89.4%
Q2 24
63.1%
89.5%
Operating Margin
BDN
BDN
ZIP
ZIP
Q1 26
1.2%
Q4 25
22.8%
3.6%
Q3 25
20.8%
-4.4%
Q2 25
-34.3%
-5.9%
Q1 25
12.5%
-10.6%
Q4 24
18.0%
-3.6%
Q3 24
-7.2%
-2.8%
Q2 24
15.5%
7.6%
Net Margin
BDN
BDN
ZIP
ZIP
Q1 26
-38.4%
Q4 25
-30.3%
-0.7%
Q3 25
-21.3%
-8.5%
Q2 25
-73.5%
-8.5%
Q1 25
-22.2%
-11.7%
Q4 24
-36.5%
-9.7%
Q3 24
-125.4%
-2.2%
Q2 24
24.1%
5.7%
EPS (diluted)
BDN
BDN
ZIP
ZIP
Q1 26
$-0.28
Q4 25
$-0.21
$-0.03
Q3 25
$-0.15
$-0.11
Q2 25
$-0.51
$-0.10
Q1 25
$-0.16
$-0.13
Q4 24
$-0.25
$-0.10
Q3 24
$-0.96
$-0.03
Q2 24
$0.17
$0.07

Balance Sheet & Financial Strength

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

Metric
BDN
BDN
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$36.2M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-77.2M
Total Assets
$3.6B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDN
BDN
ZIP
ZIP
Q1 26
$36.2M
Q4 25
$32.3M
$188.0M
Q3 25
$75.5M
$211.8M
Q2 25
$122.6M
$203.5M
Q1 25
$29.4M
$221.1M
Q4 24
$90.2M
$218.4M
Q3 24
$36.5M
$225.6M
Q2 24
$30.4M
$271.7M
Total Debt
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
$2.6B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.2B
Stockholders' Equity
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
$792.7M
$-77.2M
Q3 25
$841.5M
$-76.1M
Q2 25
$879.8M
$-65.9M
Q1 25
$993.6M
$-11.3M
Q4 24
$1.0B
$13.4M
Q3 24
$1.1B
$13.6M
Q2 24
$1.3B
$24.4M
Total Assets
BDN
BDN
ZIP
ZIP
Q1 26
$3.6B
Q4 25
$3.6B
$569.7M
Q3 25
$3.3B
$573.6M
Q2 25
$3.4B
$592.4M
Q1 25
$3.4B
$629.4M
Q4 24
$3.5B
$664.1M
Q3 24
$3.6B
$652.0M
Q2 24
$3.8B
$665.3M
Debt / Equity
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
3.23×
Q3 25
2.70×
Q2 25
2.63×
Q1 25
2.23×
Q4 24
2.13×
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
BDN
BDN
ZIP
ZIP
Operating Cash FlowLast quarter
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
$116.7M
$7.7M
Q3 25
$47.5M
$2.6M
Q2 25
$34.4M
$10.5M
Q1 25
$6.3M
$-9.9M
Q4 24
$181.1M
$12.5M
Q3 24
$52.2M
$9.3M
Q2 24
$48.2M
$21.9M
Free Cash Flow
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
FCF Margin
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Capex Intensity
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Cash Conversion
BDN
BDN
ZIP
ZIP
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.60×
3.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDN
BDN

Rents$120.7M95%
Third party management fees, labor reimbursement and leasing$4.7M4%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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