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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 ($142.9M vs $133.7M, roughly 1.1× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -30.3%, a 58.4% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -0.3%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -0.6%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $142.9M |
| Net Profit | $37.5M | $-43.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 28.1% | -30.3% |
| Revenue YoY | 13.0% | -0.3% |
| Net Profit YoY | -16.3% | -44.3% |
| EPS (diluted) | $0.37 | $-0.34 |
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 | $133.7M | — | ||
| Q4 25 | $137.9M | $142.9M | ||
| Q3 25 | $136.0M | $139.2M | ||
| Q2 25 | $131.0M | $140.3M | ||
| Q1 25 | $118.0M | $142.7M | ||
| Q4 24 | $120.4M | $143.2M | ||
| Q3 24 | $121.2M | $139.3M | ||
| Q2 24 | $120.2M | $143.3M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-43.2M | ||
| Q3 25 | $41.3M | $-13.5M | ||
| Q2 25 | $33.4M | $-16.8M | ||
| Q1 25 | $32.7M | $-10.1M | ||
| Q4 24 | $35.8M | $-30.0M | ||
| Q3 24 | $32.1M | $-11.5M | ||
| Q2 24 | $37.1M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 32.1% | — | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 33.4% | — | ||
| Q2 24 | 38.7% | — |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -30.3% | ||
| Q3 25 | 30.4% | -9.7% | ||
| Q2 25 | 25.5% | -12.0% | ||
| Q1 25 | 27.7% | -7.1% | ||
| Q4 24 | 29.8% | -20.9% | ||
| Q3 24 | 26.5% | -8.3% | ||
| Q2 24 | 30.9% | -6.8% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-0.34 | ||
| Q3 25 | $0.39 | $-0.11 | ||
| Q2 25 | $0.32 | $-0.14 | ||
| Q1 25 | $0.32 | $-0.08 | ||
| Q4 24 | $0.35 | $-0.25 | ||
| Q3 24 | $0.31 | $-0.09 | ||
| Q2 24 | $0.36 | $-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 | — | $731.0K |
| Total DebtLower is stronger | $154.9M | $2.2B |
| Stockholders' EquityBook value | $1.6B | $1.5B |
| Total Assets | $12.3B | $4.0B |
| Debt / EquityLower = less leverage | 0.10× | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $138.5M |
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $2.2B | ||
| Q3 25 | $262.1M | $2.2B | ||
| Q2 25 | $262.4M | $2.2B | ||
| Q1 25 | $262.7M | $2.2B | ||
| Q4 24 | $263.0M | $2.2B | ||
| Q3 24 | $136.3M | $2.2B | ||
| Q2 24 | $136.6M | $2.2B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.7B |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $4.0B | ||
| Q3 25 | $12.3B | $4.0B | ||
| Q2 25 | $12.2B | $4.0B | ||
| Q1 25 | $11.8B | $4.0B | ||
| Q4 24 | $11.6B | $4.1B | ||
| Q3 24 | $12.0B | $4.1B | ||
| Q2 24 | $11.6B | $4.2B |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | 1.49× | ||
| Q3 25 | 0.17× | 1.43× | ||
| Q2 25 | 0.17× | 1.41× | ||
| Q1 25 | 0.18× | 1.40× | ||
| Q4 24 | 0.19× | 1.40× | ||
| Q3 24 | 0.10× | 1.36× | ||
| Q2 24 | 0.10× | 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 | — | $140.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $140.6M | ||
| Q3 25 | $49.5M | $35.8M | ||
| Q2 25 | $30.4M | $50.1M | ||
| Q1 25 | $55.9M | $3.7M | ||
| Q4 24 | $129.5M | $198.1M | ||
| Q3 24 | $53.6M | $42.9M | ||
| Q2 24 | $22.7M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 94.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
