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Side-by-side financial comparison of DENNY'S Corp (DENN) 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 $113.2M, roughly 1.3× DENNY'S Corp). DENNY'S Corp runs the higher net margin — 0.6% vs -31.4%, a 32.0% gap on every dollar of revenue. On growth, DENNY'S Corp posted the faster year-over-year revenue change (1.3% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -0.9%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
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.
DENN vs PDM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $113.2M | $143.3M |
| Net Profit | $632.0K | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | — |
| Net Margin | 0.6% | -31.4% |
| Revenue YoY | 1.3% | 0.4% |
| Net Profit YoY | -90.3% | -27.9% |
| EPS (diluted) | $0.01 | $-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 | — | $142.9M | ||
| Q3 25 | $113.2M | $139.2M | ||
| Q2 25 | $117.7M | $140.3M | ||
| Q1 25 | $111.6M | $142.7M | ||
| Q4 24 | $114.7M | $143.2M | ||
| Q3 24 | $111.8M | $139.3M | ||
| Q2 24 | $115.9M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | — | $-43.2M | ||
| Q3 25 | $632.0K | $-13.5M | ||
| Q2 25 | $2.5M | $-16.8M | ||
| Q1 25 | $326.0K | $-10.1M | ||
| Q4 24 | $6.8M | $-30.0M | ||
| Q3 24 | $6.5M | $-11.5M | ||
| Q2 24 | $3.6M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 7.9% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | — | -30.3% | ||
| Q3 25 | 0.6% | -9.7% | ||
| Q2 25 | 2.1% | -12.0% | ||
| Q1 25 | 0.3% | -7.1% | ||
| Q4 24 | 5.9% | -20.9% | ||
| Q3 24 | 5.8% | -8.3% | ||
| Q2 24 | 3.1% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | — | $-0.34 | ||
| Q3 25 | $0.01 | $-0.11 | ||
| Q2 25 | $0.05 | $-0.14 | ||
| Q1 25 | $0.01 | $-0.08 | ||
| Q4 24 | $0.13 | $-0.25 | ||
| Q3 24 | $0.12 | $-0.09 | ||
| Q2 24 | $0.07 | $-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 | — | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-32.7M | $1.5B |
| Total Assets | $502.9M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | — | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | $1.1M | $2.9M | ||
| Q4 24 | $100.0K | $109.6M | ||
| Q3 24 | $2.9M | $133.6M | ||
| Q2 24 | $2.8M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $270.6M | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $-32.7M | $1.5B | ||
| Q2 25 | $-34.6M | $1.5B | ||
| Q1 25 | $-36.4M | $1.6B | ||
| Q4 24 | $-34.0M | $1.6B | ||
| Q3 24 | $-54.5M | $1.6B | ||
| Q2 24 | $-53.2M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | $502.9M | $4.0B | ||
| Q2 25 | $491.1M | $4.0B | ||
| Q1 25 | $488.1M | $4.0B | ||
| Q4 24 | $496.3M | $4.1B | ||
| Q3 24 | $461.6M | $4.1B | ||
| Q2 24 | $459.9M | $4.2B |
| 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $16.0M | — |
| Free Cash FlowOCF − Capex | $16.0M | — |
| FCF MarginFCF / Revenue | 14.1% | — |
| Capex IntensityCapex / Revenue | 0.0% | 110.3% |
| Cash ConversionOCF / Net Profit | 25.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $140.6M | ||
| Q3 25 | $16.0M | $35.8M | ||
| Q2 25 | $9.4M | $50.1M | ||
| Q1 25 | $5.0M | $3.7M | ||
| Q4 24 | $8.5M | $198.1M | ||
| Q3 24 | $6.6M | $42.9M | ||
| Q2 24 | $14.2M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $16.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 25.28× | — | ||
| Q2 25 | 3.79× | — | ||
| Q1 25 | 15.38× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 3.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
PDM
Segment breakdown not available.