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Side-by-side financial comparison of DigitalBridge Group, Inc. (DBRG) and Perma-Pipe International Holdings, Inc. (PPIH). Click either name above to swap in a different company.

DigitalBridge Group, Inc. is the larger business by last-quarter revenue ($105.7M vs $61.1M, roughly 1.7× Perma-Pipe International Holdings, Inc.). DigitalBridge Group, Inc. runs the higher net margin — 61.5% vs 10.3%, a 51.2% gap on every dollar of revenue. On growth, Perma-Pipe International Holdings, Inc. posted the faster year-over-year revenue change (47.1% vs 4.1%). DigitalBridge Group, Inc. produced more free cash flow last quarter ($258.0M vs $12.4M). Over the past eight quarters, Perma-Pipe International Holdings, Inc.'s revenue compounded faster (23.4% CAGR vs 19.2%).

DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has offices in Los Angeles, New York, Denver, London, and Singapore. As of June 2025, DigitalBridge had US$106 billion of assets under management.

Perma-Pipe International Holdings, Inc. designs, manufactures and supplies pre-insulated piping systems and integrated leak detection solutions. Its offerings cater to oil & gas, district heating and cooling, industrial, and municipal infrastructure segments, with a global footprint spanning North America, the Middle East, Europe and Asia.

DBRG vs PPIH — Head-to-Head

Bigger by revenue
DBRG
DBRG
1.7× larger
DBRG
$105.7M
$61.1M
PPIH
Growing faster (revenue YoY)
PPIH
PPIH
+43.0% gap
PPIH
47.1%
4.1%
DBRG
Higher net margin
DBRG
DBRG
51.2% more per $
DBRG
61.5%
10.3%
PPIH
More free cash flow
DBRG
DBRG
$245.6M more FCF
DBRG
$258.0M
$12.4M
PPIH
Faster 2-yr revenue CAGR
PPIH
PPIH
Annualised
PPIH
23.4%
19.2%
DBRG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DBRG
DBRG
PPIH
PPIH
Revenue
$105.7M
$61.1M
Net Profit
$65.1M
$6.3M
Gross Margin
34.4%
Operating Margin
18.6%
Net Margin
61.5%
10.3%
Revenue YoY
4.1%
47.1%
Net Profit YoY
153.5%
EPS (diluted)
$0.28
$0.77

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
DBRG
DBRG
PPIH
PPIH
Q4 25
$105.7M
$61.1M
Q3 25
$93.3M
$47.9M
Q2 25
$85.3M
$46.7M
Q1 25
$90.1M
$45.0M
Q4 24
$101.6M
$41.6M
Q3 24
$76.6M
$37.5M
Q2 24
$390.3M
$34.3M
Q1 24
$74.4M
$40.2M
Net Profit
DBRG
DBRG
PPIH
PPIH
Q4 25
$65.1M
$6.3M
Q3 25
$31.4M
$851.0K
Q2 25
$31.6M
$5.0M
Q1 25
$13.8M
$1.8M
Q4 24
$2.5M
Q3 24
$13.8M
$3.3M
Q2 24
$91.4M
$1.4M
Q1 24
$-29.6M
$8.6M
Gross Margin
DBRG
DBRG
PPIH
PPIH
Q4 25
34.4%
Q3 25
30.1%
Q2 25
35.8%
Q1 25
33.7%
Q4 24
33.9%
Q3 24
35.9%
Q2 24
30.6%
Q1 24
30.0%
Operating Margin
DBRG
DBRG
PPIH
PPIH
Q4 25
18.6%
Q3 25
-13.9%
6.7%
Q2 25
-31.2%
16.9%
Q1 25
-11.5%
12.1%
Q4 24
5.7%
13.4%
Q3 24
62.4%
16.4%
Q2 24
33.5%
9.1%
Q1 24
-20.7%
11.3%
Net Margin
DBRG
DBRG
PPIH
PPIH
Q4 25
61.5%
10.3%
Q3 25
33.7%
1.8%
Q2 25
37.1%
10.6%
Q1 25
15.3%
3.9%
Q4 24
6.0%
Q3 24
18.0%
8.8%
Q2 24
23.4%
4.2%
Q1 24
-39.8%
21.5%
EPS (diluted)
DBRG
DBRG
PPIH
PPIH
Q4 25
$0.28
$0.77
Q3 25
$0.09
$0.10
Q2 25
$0.10
$0.61
Q1 25
$-0.01
$0.23
Q4 24
$0.31
Q3 24
$-0.01
$0.40
Q2 24
$0.44
$0.18
Q1 24
$-0.28
$1.07

Balance Sheet & Financial Strength

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

Metric
DBRG
DBRG
PPIH
PPIH
Cash + ST InvestmentsLiquidity on hand
$382.5M
$27.2M
Total DebtLower is stronger
$298.8M
$12.7M
Stockholders' EquityBook value
$2.1B
$85.8M
Total Assets
$3.4B
$217.0M
Debt / EquityLower = less leverage
0.14×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBRG
DBRG
PPIH
PPIH
Q4 25
$382.5M
$27.2M
Q3 25
$358.4M
$17.3M
Q2 25
$340.7M
$18.8M
Q1 25
$349.9M
$15.7M
Q4 24
$302.2M
$13.3M
Q3 24
$294.4M
$9.5M
Q2 24
$261.2M
$7.7M
Q1 24
$247.4M
$5.8M
Total Debt
DBRG
DBRG
PPIH
PPIH
Q4 25
$298.8M
$12.7M
Q3 25
$327.9M
Q2 25
$298.0M
Q1 25
$296.9M
$15.2M
Q4 24
$296.4M
Q3 24
$295.8M
Q2 24
$295.3M
Q1 24
$366.5M
$15.2M
Stockholders' Equity
DBRG
DBRG
PPIH
PPIH
Q4 25
$2.1B
$85.8M
Q3 25
$2.1B
$80.2M
Q2 25
$2.0B
$77.9M
Q1 25
$2.0B
$72.1M
Q4 24
$2.0B
$71.2M
Q3 24
$2.0B
$68.6M
Q2 24
$2.0B
$65.5M
Q1 24
$1.8B
$65.7M
Total Assets
DBRG
DBRG
PPIH
PPIH
Q4 25
$3.4B
$217.0M
Q3 25
$3.5B
$189.0M
Q2 25
$3.4B
$178.3M
Q1 25
$3.4B
$165.2M
Q4 24
$3.5B
$160.7M
Q3 24
$3.5B
$157.8M
Q2 24
$3.5B
$155.7M
Q1 24
$3.5B
$155.7M
Debt / Equity
DBRG
DBRG
PPIH
PPIH
Q4 25
0.14×
0.15×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.15×
0.21×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.20×
0.23×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DBRG
DBRG
PPIH
PPIH
Operating Cash FlowLast quarter
$259.3M
$17.3M
Free Cash FlowOCF − Capex
$258.0M
$12.4M
FCF MarginFCF / Revenue
244.0%
20.2%
Capex IntensityCapex / Revenue
1.3%
8.1%
Cash ConversionOCF / Net Profit
3.99×
2.74×
TTM Free Cash FlowTrailing 4 quarters
$440.5M
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBRG
DBRG
PPIH
PPIH
Q4 25
$259.3M
$17.3M
Q3 25
$56.5M
$-2.0M
Q2 25
$77.0M
$733.0K
Q1 25
$50.3M
$6.0M
Q4 24
$60.1M
$5.2M
Q3 24
$35.9M
$2.8M
Q2 24
$22.5M
$-73.0K
Q1 24
$-27.0M
$7.1M
Free Cash Flow
DBRG
DBRG
PPIH
PPIH
Q4 25
$258.0M
$12.4M
Q3 25
$56.1M
$-4.6M
Q2 25
$76.4M
$-194.0K
Q1 25
$50.0M
$4.7M
Q4 24
$56.5M
$4.8M
Q3 24
$2.2M
Q2 24
$22.3M
$-662.0K
Q1 24
$-30.1M
$4.2M
FCF Margin
DBRG
DBRG
PPIH
PPIH
Q4 25
244.0%
20.2%
Q3 25
60.2%
-9.6%
Q2 25
89.5%
-0.4%
Q1 25
55.5%
10.5%
Q4 24
55.7%
11.6%
Q3 24
5.8%
Q2 24
5.7%
-1.9%
Q1 24
-40.4%
10.5%
Capex Intensity
DBRG
DBRG
PPIH
PPIH
Q4 25
1.3%
8.1%
Q3 25
0.4%
5.3%
Q2 25
0.7%
2.0%
Q1 25
0.3%
2.9%
Q4 24
3.5%
0.8%
Q3 24
0.0%
1.7%
Q2 24
0.1%
1.7%
Q1 24
4.1%
7.2%
Cash Conversion
DBRG
DBRG
PPIH
PPIH
Q4 25
3.99×
2.74×
Q3 25
1.80×
-2.40×
Q2 25
2.43×
0.15×
Q1 25
3.65×
3.42×
Q4 24
2.07×
Q3 24
2.61×
0.86×
Q2 24
0.25×
-0.05×
Q1 24
0.82×

Financial Flow Comparison

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

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