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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) 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 $86.5M, roughly 1.7× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -31.4%, a 66.3% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs 0.4%). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs 0.0%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

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.

BHRB vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.7× larger
PDM
$143.3M
$86.5M
BHRB
Growing faster (revenue YoY)
BHRB
BHRB
+4.5% gap
BHRB
4.9%
0.4%
PDM
Higher net margin
BHRB
BHRB
66.3% more per $
BHRB
34.9%
-31.4%
PDM
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BHRB
BHRB
PDM
PDM
Revenue
$86.5M
$143.3M
Net Profit
$30.2M
$-45.0M
Gross Margin
Operating Margin
43.8%
Net Margin
34.9%
-31.4%
Revenue YoY
4.9%
0.4%
Net Profit YoY
52.8%
-27.9%
EPS (diluted)
$1.98
$-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
BHRB
BHRB
PDM
PDM
Q1 26
$143.3M
Q4 25
$86.5M
$142.9M
Q3 25
$85.4M
$139.2M
Q2 25
$87.1M
$140.3M
Q1 25
$83.0M
$142.7M
Q4 24
$82.5M
$143.2M
Q3 24
$83.8M
$139.3M
Q2 24
$69.3M
$143.3M
Net Profit
BHRB
BHRB
PDM
PDM
Q1 26
$-45.0M
Q4 25
$30.2M
$-43.2M
Q3 25
$30.0M
$-13.5M
Q2 25
$29.9M
$-16.8M
Q1 25
$27.2M
$-10.1M
Q4 24
$19.8M
$-30.0M
Q3 24
$27.6M
$-11.5M
Q2 24
$-16.9M
$-9.8M
Operating Margin
BHRB
BHRB
PDM
PDM
Q1 26
Q4 25
43.8%
Q3 25
43.3%
Q2 25
42.7%
Q1 25
39.6%
Q4 24
24.6%
Q3 24
39.2%
Q2 24
-27.5%
Net Margin
BHRB
BHRB
PDM
PDM
Q1 26
-31.4%
Q4 25
34.9%
-30.3%
Q3 25
35.1%
-9.7%
Q2 25
34.3%
-12.0%
Q1 25
32.8%
-7.1%
Q4 24
24.0%
-20.9%
Q3 24
33.0%
-8.3%
Q2 24
-24.4%
-6.8%
EPS (diluted)
BHRB
BHRB
PDM
PDM
Q1 26
$-0.10
Q4 25
$1.98
$-0.34
Q3 25
$1.97
$-0.11
Q2 25
$1.97
$-0.14
Q1 25
$1.80
$-0.08
Q4 24
$1.72
$-0.25
Q3 24
$1.82
$-0.09
Q2 24
$-1.41
$-0.08

Balance Sheet & Financial Strength

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

Metric
BHRB
BHRB
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$854.6M
$1.5B
Total Assets
$7.9B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHRB
BHRB
PDM
PDM
Q1 26
$2.3M
Q4 25
$731.0K
Q3 25
$3.0M
Q2 25
$3.3M
Q1 25
$2.9M
Q4 24
$109.6M
Q3 24
$133.6M
Q2 24
$138.5M
Total Debt
BHRB
BHRB
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
BHRB
BHRB
PDM
PDM
Q1 26
$1.5B
Q4 25
$854.6M
$1.5B
Q3 25
$822.2M
$1.5B
Q2 25
$780.0M
$1.5B
Q1 25
$758.0M
$1.6B
Q4 24
$730.2M
$1.6B
Q3 24
$738.1M
$1.6B
Q2 24
$693.1M
$1.7B
Total Assets
BHRB
BHRB
PDM
PDM
Q1 26
$4.0B
Q4 25
$7.9B
$4.0B
Q3 25
$7.9B
$4.0B
Q2 25
$8.1B
$4.0B
Q1 25
$7.8B
$4.0B
Q4 24
$7.8B
$4.1B
Q3 24
$7.9B
$4.1B
Q2 24
$7.8B
$4.2B
Debt / Equity
BHRB
BHRB
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
BHRB
BHRB
PDM
PDM
Operating Cash FlowLast quarter
$107.9M
Free Cash FlowOCF − Capex
$96.2M
FCF MarginFCF / Revenue
111.2%
Capex IntensityCapex / Revenue
13.5%
110.3%
Cash ConversionOCF / Net Profit
3.57×
TTM Free Cash FlowTrailing 4 quarters
$164.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
PDM
PDM
Q1 26
Q4 25
$107.9M
$140.6M
Q3 25
$39.3M
$35.8M
Q2 25
$41.0K
$50.1M
Q1 25
$37.6M
$3.7M
Q4 24
$85.8M
$198.1M
Q3 24
$47.8M
$42.9M
Q2 24
$-46.0M
$66.8M
Free Cash Flow
BHRB
BHRB
PDM
PDM
Q1 26
Q4 25
$96.2M
Q3 25
$35.4M
Q2 25
$-3.4M
Q1 25
$35.9M
Q4 24
$81.2M
Q3 24
$46.0M
Q2 24
$-47.0M
FCF Margin
BHRB
BHRB
PDM
PDM
Q1 26
Q4 25
111.2%
Q3 25
41.5%
Q2 25
-3.9%
Q1 25
43.2%
Q4 24
98.5%
Q3 24
55.0%
Q2 24
-67.8%
Capex Intensity
BHRB
BHRB
PDM
PDM
Q1 26
110.3%
Q4 25
13.5%
Q3 25
4.5%
Q2 25
3.9%
Q1 25
2.1%
Q4 24
5.5%
Q3 24
2.1%
Q2 24
1.5%
Cash Conversion
BHRB
BHRB
PDM
PDM
Q1 26
Q4 25
3.57×
Q3 25
1.31×
Q2 25
0.00×
Q1 25
1.38×
Q4 24
4.33×
Q3 24
1.73×
Q2 24

Financial Flow Comparison

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

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