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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) 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 $83.1M, roughly 1.7× Business First Bancshares, Inc.). On growth, Business First Bancshares, Inc. posted the faster year-over-year revenue change (7.1% vs 0.4%). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (16.8% CAGR vs 0.0%).

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

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.

BFST vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.7× larger
PDM
$143.3M
$83.1M
BFST
Growing faster (revenue YoY)
BFST
BFST
+6.7% gap
BFST
7.1%
0.4%
PDM
Faster 2-yr revenue CAGR
BFST
BFST
Annualised
BFST
16.8%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFST
BFST
PDM
PDM
Revenue
$83.1M
$143.3M
Net Profit
$-45.0M
Gross Margin
Operating Margin
33.2%
Net Margin
-31.4%
Revenue YoY
7.1%
0.4%
Net Profit YoY
-27.9%
EPS (diluted)
$0.71
$-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
BFST
BFST
PDM
PDM
Q1 26
$143.3M
Q4 25
$83.1M
$142.9M
Q3 25
$80.9M
$139.2M
Q2 25
$81.5M
$140.3M
Q1 25
$79.2M
$142.7M
Q4 24
$77.6M
$143.2M
Q3 24
$66.9M
$139.3M
Q2 24
$66.2M
$143.3M
Net Profit
BFST
BFST
PDM
PDM
Q1 26
$-45.0M
Q4 25
$-43.2M
Q3 25
$22.9M
$-13.5M
Q2 25
$22.1M
$-16.8M
Q1 25
$20.5M
$-10.1M
Q4 24
$-30.0M
Q3 24
$17.8M
$-11.5M
Q2 24
$17.2M
$-9.8M
Operating Margin
BFST
BFST
PDM
PDM
Q1 26
Q4 25
33.2%
Q3 25
35.7%
Q2 25
34.4%
Q1 25
32.6%
Q4 24
27.5%
Q3 24
34.0%
Q2 24
32.9%
Net Margin
BFST
BFST
PDM
PDM
Q1 26
-31.4%
Q4 25
-30.3%
Q3 25
28.2%
-9.7%
Q2 25
27.1%
-12.0%
Q1 25
25.9%
-7.1%
Q4 24
-20.9%
Q3 24
26.7%
-8.3%
Q2 24
26.0%
-6.8%
EPS (diluted)
BFST
BFST
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.71
$-0.34
Q3 25
$0.73
$-0.11
Q2 25
$0.70
$-0.14
Q1 25
$0.65
$-0.08
Q4 24
$0.51
$-0.25
Q3 24
$0.65
$-0.09
Q2 24
$0.62
$-0.08

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$411.2M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$896.9M
$1.5B
Total Assets
$8.2B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
PDM
PDM
Q1 26
$2.3M
Q4 25
$411.2M
$731.0K
Q3 25
$399.1M
$3.0M
Q2 25
$495.8M
$3.3M
Q1 25
$312.9M
$2.9M
Q4 24
$319.1M
$109.6M
Q3 24
$213.2M
$133.6M
Q2 24
$208.1M
$138.5M
Total Debt
BFST
BFST
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
BFST
BFST
PDM
PDM
Q1 26
$1.5B
Q4 25
$896.9M
$1.5B
Q3 25
$878.4M
$1.5B
Q2 25
$848.4M
$1.5B
Q1 25
$826.3M
$1.6B
Q4 24
$799.5M
$1.6B
Q3 24
$699.5M
$1.6B
Q2 24
$664.5M
$1.7B
Total Assets
BFST
BFST
PDM
PDM
Q1 26
$4.0B
Q4 25
$8.2B
$4.0B
Q3 25
$8.0B
$4.0B
Q2 25
$7.9B
$4.0B
Q1 25
$7.8B
$4.0B
Q4 24
$7.9B
$4.1B
Q3 24
$6.9B
$4.1B
Q2 24
$6.7B
$4.2B
Debt / Equity
BFST
BFST
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
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
BFST
BFST
PDM
PDM
Operating Cash FlowLast quarter
$92.1M
Free Cash FlowOCF − Capex
$92.0M
FCF MarginFCF / Revenue
110.7%
Capex IntensityCapex / Revenue
0.1%
110.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$165.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
PDM
PDM
Q1 26
Q4 25
$92.1M
$140.6M
Q3 25
$32.4M
$35.8M
Q2 25
$14.0M
$50.1M
Q1 25
$28.7M
$3.7M
Q4 24
$61.4M
$198.1M
Q3 24
$21.4M
$42.9M
Q2 24
$15.1M
$66.8M
Free Cash Flow
BFST
BFST
PDM
PDM
Q1 26
Q4 25
$92.0M
Q3 25
$32.1M
Q2 25
$13.8M
Q1 25
$27.7M
Q4 24
$59.8M
Q3 24
$21.0M
Q2 24
$14.0M
FCF Margin
BFST
BFST
PDM
PDM
Q1 26
Q4 25
110.7%
Q3 25
39.6%
Q2 25
16.9%
Q1 25
34.9%
Q4 24
77.1%
Q3 24
31.4%
Q2 24
21.2%
Capex Intensity
BFST
BFST
PDM
PDM
Q1 26
110.3%
Q4 25
0.1%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
1.3%
Q4 24
2.0%
Q3 24
0.6%
Q2 24
1.6%
Cash Conversion
BFST
BFST
PDM
PDM
Q1 26
Q4 25
Q3 25
1.42×
Q2 25
0.63×
Q1 25
1.40×
Q4 24
Q3 24
1.20×
Q2 24
0.88×

Financial Flow Comparison

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

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