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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) 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 $83.2M, roughly 1.7× BrightSpire Capital, Inc.). BrightSpire Capital, Inc. runs the higher net margin — -17.3% vs -31.4%, a 14.1% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $143.3M |
| Net Profit | $-14.4M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -17.3% | -31.4% |
| Revenue YoY | -0.4% | 0.4% |
| Net Profit YoY | 27.3% | -27.9% |
| EPS (diluted) | $-0.11 | $-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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $83.2M | $142.9M | ||
| Q3 25 | $83.9M | $139.2M | ||
| Q2 25 | $85.9M | $140.3M | ||
| Q1 25 | $77.6M | $142.7M | ||
| Q4 24 | $83.5M | $143.2M | ||
| Q3 24 | $88.2M | $139.3M | ||
| Q2 24 | $91.4M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $-14.4M | $-43.2M | ||
| Q3 25 | $984.0K | $-13.5M | ||
| Q2 25 | $-23.1M | $-16.8M | ||
| Q1 25 | $5.3M | $-10.1M | ||
| Q4 24 | $-19.7M | $-30.0M | ||
| Q3 24 | $12.7M | $-11.5M | ||
| Q2 24 | $-67.9M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.7% | — | ||
| Q2 25 | -54.5% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -24.9% | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | -74.9% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | -17.3% | -30.3% | ||
| Q3 25 | 1.2% | -9.7% | ||
| Q2 25 | -26.9% | -12.0% | ||
| Q1 25 | 6.9% | -7.1% | ||
| Q4 24 | -23.7% | -20.9% | ||
| Q3 24 | 14.4% | -8.3% | ||
| Q2 24 | -74.2% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $-0.11 | $-0.34 | ||
| Q3 25 | $0.00 | $-0.11 | ||
| Q2 25 | $-0.19 | $-0.14 | ||
| Q1 25 | $0.04 | $-0.08 | ||
| Q4 24 | $-0.16 | $-0.25 | ||
| Q3 24 | $0.09 | $-0.09 | ||
| Q2 24 | $-0.53 | $-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 | $66.8M | $2.3M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $938.4M | $1.5B |
| Total Assets | $3.6B | $4.0B |
| Debt / EquityLower = less leverage | 2.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $66.8M | $731.0K | ||
| Q3 25 | $113.4M | $3.0M | ||
| Q2 25 | $154.3M | $3.3M | ||
| Q1 25 | $200.9M | $2.9M | ||
| Q4 24 | $302.2M | $109.6M | ||
| Q3 24 | $263.8M | $133.6M | ||
| Q2 24 | $203.3M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | $2.3B | $2.2B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $938.4M | $1.5B | ||
| Q3 25 | $976.4M | $1.5B | ||
| Q2 25 | $994.4M | $1.5B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.6B | $4.0B | ||
| Q3 25 | $3.3B | $4.0B | ||
| Q2 25 | $3.4B | $4.0B | ||
| Q1 25 | $3.6B | $4.0B | ||
| Q4 24 | $3.7B | $4.1B | ||
| Q3 24 | $3.8B | $4.1B | ||
| Q2 24 | $3.8B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 2.63× | 1.49× | ||
| Q3 25 | 2.22× | 1.43× | ||
| Q2 25 | 2.27× | 1.41× | ||
| Q1 25 | 2.27× | 1.40× | ||
| Q4 24 | 2.38× | 1.40× | ||
| Q3 24 | 2.36× | 1.36× | ||
| Q2 24 | 2.28× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.0M | — |
| Free Cash FlowOCF − Capex | $55.1M | — |
| FCF MarginFCF / Revenue | 66.2% | — |
| Capex IntensityCapex / Revenue | 21.6% | 110.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $73.0M | $140.6M | ||
| Q3 25 | $29.9M | $35.8M | ||
| Q2 25 | $17.4M | $50.1M | ||
| Q1 25 | $10.5M | $3.7M | ||
| Q4 24 | $103.4M | $198.1M | ||
| Q3 24 | $31.3M | $42.9M | ||
| Q2 24 | $22.9M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $55.1M | — | ||
| Q3 25 | $27.4M | — | ||
| Q2 25 | $11.6M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $97.3M | — | ||
| Q3 24 | $28.3M | — | ||
| Q2 24 | $22.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 66.2% | — | ||
| Q3 25 | 32.7% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 116.6% | — | ||
| Q3 24 | 32.1% | — | ||
| Q2 24 | 24.9% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 21.6% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
