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Side-by-side financial comparison of Digital Realty (DLR) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.2× PACS Group, Inc.). Digital Realty runs the higher net margin — 6.0% vs 4.4%, a 1.6% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 16.1%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 9.8%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
DLR vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.4B |
| Net Profit | $98.6M | $59.7M |
| Gross Margin | — | — |
| Operating Margin | 6.9% | 7.0% |
| Net Margin | 6.0% | 4.4% |
| Revenue YoY | 16.1% | 18.4% |
| Net Profit YoY | -10.3% | 3022.5% |
| EPS (diluted) | $0.22 | $0.42 |
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 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $981.4M |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $59.7M | ||
| Q3 25 | $67.8M | $52.4M | ||
| Q2 25 | $1.0B | $51.0M | ||
| Q1 25 | $110.0M | $28.5M | ||
| Q4 24 | $189.6M | $1.9M | ||
| Q3 24 | $51.2M | $15.6M | ||
| Q2 24 | $80.2M | $-10.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 7.0% | ||
| Q3 25 | 8.8% | 6.4% | ||
| Q2 25 | 14.2% | 6.2% | ||
| Q1 25 | 13.9% | 3.8% | ||
| Q4 24 | 10.1% | 1.7% | ||
| Q3 24 | 11.8% | 2.2% | ||
| Q2 24 | 0.7% | 0.1% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 4.4% | ||
| Q3 25 | 4.3% | 3.9% | ||
| Q2 25 | 69.1% | 3.9% | ||
| Q1 25 | 7.8% | 2.2% | ||
| Q4 24 | 13.2% | 0.2% | ||
| Q3 24 | 3.6% | 1.5% | ||
| Q2 24 | 5.9% | -1.1% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.42 | ||
| Q3 25 | $0.15 | $0.32 | ||
| Q2 25 | $2.94 | $0.31 | ||
| Q1 25 | $0.27 | $0.17 | ||
| Q4 24 | $0.50 | $-0.03 | ||
| Q3 24 | $0.09 | $0.10 | ||
| Q2 24 | $0.20 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | $22.9B | $946.8M |
| Total Assets | $49.4B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $197.0M | ||
| Q3 25 | $3.3B | $355.7M | ||
| Q2 25 | $3.6B | $294.2M | ||
| Q1 25 | $2.3B | $287.5M | ||
| Q4 24 | $3.9B | $157.7M | ||
| Q3 24 | $2.2B | $49.5M | ||
| Q2 24 | $2.3B | $73.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $946.8M | ||
| Q3 25 | $23.0B | $871.3M | ||
| Q2 25 | $22.9B | $806.8M | ||
| Q1 25 | $21.3B | $750.2M | ||
| Q4 24 | $21.3B | $709.6M | ||
| Q3 24 | $21.2B | $660.0M | ||
| Q2 24 | $20.5B | $572.1M |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $5.6B | ||
| Q3 25 | $48.7B | $5.6B | ||
| Q2 25 | $48.7B | $5.5B | ||
| Q1 25 | $45.1B | $5.5B | ||
| Q4 24 | $45.3B | $5.2B | ||
| Q3 24 | $45.3B | $4.5B | ||
| Q2 24 | $43.6B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $-3.4M | ||
| Q3 25 | $652.9M | $204.8M | ||
| Q2 25 | $641.2M | $52.6M | ||
| Q1 25 | $399.1M | $150.2M | ||
| Q4 24 | $769.5M | $64.6M | ||
| Q3 24 | $566.5M | $209.2M | ||
| Q2 24 | $573.2M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | -0.06× | ||
| Q3 25 | 9.63× | 3.91× | ||
| Q2 25 | 0.62× | 1.03× | ||
| Q1 25 | 3.63× | 5.28× | ||
| Q4 24 | 4.06× | 33.78× | ||
| Q3 24 | 11.07× | 13.39× | ||
| Q2 24 | 7.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
