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Side-by-side financial comparison of Douglas Emmett Inc (DEI) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $249.4M, roughly 1.4× Douglas Emmett Inc). Douglas Emmett Inc runs the higher net margin — -2.7% vs -10.8%, a 8.0% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 1.8%). Douglas Emmett Inc produced more free cash flow last quarter ($194.5M vs $109.2M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% CAGR vs 0.9%).
Douglas Emmett Inc is a leading real estate investment trust (REIT) that owns, operates, and acquires high-quality office and multifamily residential properties. Its core operation areas are high-barrier-to-entry markets including Los Angeles in California and Honolulu in Hawaii, serving premium commercial and residential tenant segments.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
DEI vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $249.4M | $349.1M |
| Net Profit | $-6.8M | $-37.6M |
| Gross Margin | 62.2% | 80.1% |
| Operating Margin | — | -12.3% |
| Net Margin | -2.7% | -10.8% |
| Revenue YoY | 1.8% | 15.6% |
| Net Profit YoY | -670.7% | 39.6% |
| EPS (diluted) | $-0.04 | $-0.25 |
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.
| Q4 25 | $249.4M | $349.1M | ||
| Q3 25 | $250.6M | $338.9M | ||
| Q2 25 | $252.4M | $323.9M | ||
| Q1 25 | $251.5M | $310.6M | ||
| Q4 24 | $245.0M | $302.0M | ||
| Q3 24 | $250.8M | $295.9M | ||
| Q2 24 | $245.8M | $284.3M | ||
| Q1 24 | $245.0M | $269.4M |
| Q4 25 | $-6.8M | $-37.6M | ||
| Q3 25 | $-10.9M | $-9.1M | ||
| Q2 25 | $-5.8M | $-21.1M | ||
| Q1 25 | $39.8M | $-33.0M | ||
| Q4 24 | $-888.0K | $-62.3M | ||
| Q3 24 | $4.6M | $-26.4M | ||
| Q2 24 | $10.9M | $-6.3M | ||
| Q1 24 | $8.9M | $-11.0M |
| Q4 25 | 62.2% | 80.1% | ||
| Q3 25 | 63.6% | 79.7% | ||
| Q2 25 | 63.2% | 79.1% | ||
| Q1 25 | 64.4% | 79.1% | ||
| Q4 24 | 63.5% | 81.2% | ||
| Q3 24 | 62.2% | 81.4% | ||
| Q2 24 | 66.2% | 83.1% | ||
| Q1 24 | 66.1% | 83.0% |
| Q4 25 | — | -12.3% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -9.3% | ||
| Q1 25 | — | -11.7% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | — | -12.3% | ||
| Q2 24 | — | -5.2% | ||
| Q1 24 | — | -7.0% |
| Q4 25 | -2.7% | -10.8% | ||
| Q3 25 | -4.3% | -2.7% | ||
| Q2 25 | -2.3% | -6.5% | ||
| Q1 25 | 15.8% | -10.6% | ||
| Q4 24 | -0.4% | -20.6% | ||
| Q3 24 | 1.8% | -8.9% | ||
| Q2 24 | 4.4% | -2.2% | ||
| Q1 24 | 3.6% | -4.1% |
| Q4 25 | $-0.04 | $-0.25 | ||
| Q3 25 | $-0.07 | $-0.06 | ||
| Q2 25 | $-0.04 | $-0.14 | ||
| Q1 25 | $0.24 | $-0.22 | ||
| Q4 24 | $-0.01 | $-0.42 | ||
| Q3 24 | $0.03 | $-0.18 | ||
| Q2 24 | $0.06 | $-0.04 | ||
| Q1 24 | $0.05 | $-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 | $340.8M | $768.5M |
| Total DebtLower is stronger | $5.5B | — |
| Stockholders' EquityBook value | $1.9B | $1.3B |
| Total Assets | $9.3B | $2.2B |
| Debt / EquityLower = less leverage | 2.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $340.8M | $768.5M | ||
| Q3 25 | $408.5M | $684.0M | ||
| Q2 25 | $426.9M | $620.9M | ||
| Q1 25 | $525.7M | $566.7M | ||
| Q4 24 | $444.6M | $775.4M | ||
| Q3 24 | $544.2M | $756.9M | ||
| Q2 24 | $561.1M | $735.4M | ||
| Q1 24 | $556.7M | $744.6M |
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.5B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
| Q4 25 | $9.3B | $2.2B | ||
| Q3 25 | $9.4B | $2.1B | ||
| Q2 25 | $9.4B | $2.0B | ||
| Q1 25 | $9.6B | $1.9B | ||
| Q4 24 | $9.4B | $2.1B | ||
| Q3 24 | $9.5B | $2.0B | ||
| Q2 24 | $9.6B | $2.0B | ||
| Q1 24 | $9.6B | $1.9B |
| Q4 25 | 2.91× | — | ||
| Q3 25 | 2.85× | — | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 2.56× | — | ||
| Q1 24 | 2.52× | — |
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 | $386.9M | $114.9M |
| Free Cash FlowOCF − Capex | $194.5M | $109.2M |
| FCF MarginFCF / Revenue | 78.0% | 31.3% |
| Capex IntensityCapex / Revenue | 77.1% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $376.9M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $386.9M | $114.9M | ||
| Q3 25 | $109.8M | $88.5M | ||
| Q2 25 | $81.3M | $30.8M | ||
| Q1 25 | $132.6M | $66.0M | ||
| Q4 24 | $408.7M | $29.1M | ||
| Q3 24 | $103.7M | $39.3M | ||
| Q2 24 | $91.9M | $58.7M | ||
| Q1 24 | $139.0M | $69.1M |
| Q4 25 | $194.5M | $109.2M | ||
| Q3 25 | $61.9M | $83.1M | ||
| Q2 25 | $30.2M | $27.9M | ||
| Q1 25 | $90.3M | $62.0M | ||
| Q4 24 | $241.4M | $17.4M | ||
| Q3 24 | $63.2M | $35.7M | ||
| Q2 24 | $52.2M | $56.8M | ||
| Q1 24 | $90.9M | $67.1M |
| Q4 25 | 78.0% | 31.3% | ||
| Q3 25 | 24.7% | 24.5% | ||
| Q2 25 | 11.9% | 8.6% | ||
| Q1 25 | 35.9% | 20.0% | ||
| Q4 24 | 98.5% | 5.8% | ||
| Q3 24 | 25.2% | 12.1% | ||
| Q2 24 | 21.2% | 20.0% | ||
| Q1 24 | 37.1% | 24.9% |
| Q4 25 | 77.1% | 1.6% | ||
| Q3 25 | 19.1% | 1.6% | ||
| Q2 25 | 20.3% | 0.9% | ||
| Q1 25 | 16.8% | 1.3% | ||
| Q4 24 | 68.3% | 3.9% | ||
| Q3 24 | 16.1% | 1.2% | ||
| Q2 24 | 16.1% | 0.7% | ||
| Q1 24 | 19.6% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.46× | — | ||
| Q2 24 | 8.44× | — | ||
| Q1 24 | 15.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
