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Side-by-side financial comparison of GERMAN AMERICAN BANCORP, INC. (GABC) 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 $126.7M, roughly 1.1× GERMAN AMERICAN BANCORP, INC.). GERMAN AMERICAN BANCORP, INC. runs the higher net margin — 28.2% vs -31.4%, a 59.6% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs 0.4%). Over the past eight quarters, GERMAN AMERICAN BANCORP, INC.'s revenue compounded faster (22.7% CAGR vs 0.0%).

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

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.

GABC vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.1× larger
PDM
$143.3M
$126.7M
GABC
Growing faster (revenue YoY)
GABC
GABC
+39.3% gap
GABC
39.7%
0.4%
PDM
Higher net margin
GABC
GABC
59.6% more per $
GABC
28.2%
-31.4%
PDM
Faster 2-yr revenue CAGR
GABC
GABC
Annualised
GABC
22.7%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GABC
GABC
PDM
PDM
Revenue
$126.7M
$143.3M
Net Profit
$35.7M
$-45.0M
Gross Margin
Operating Margin
34.6%
Net Margin
28.2%
-31.4%
Revenue YoY
39.7%
0.4%
Net Profit YoY
53.7%
-27.9%
EPS (diluted)
$0.98
$-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.

Revenue
GABC
GABC
PDM
PDM
Q1 26
$143.3M
Q4 25
$126.7M
$142.9M
Q3 25
$126.5M
$139.2M
Q2 25
$123.2M
$140.3M
Q1 25
$111.1M
$142.7M
Q4 24
$90.7M
$143.2M
Q3 24
$88.5M
$139.3M
Q2 24
$90.5M
$143.3M
Net Profit
GABC
GABC
PDM
PDM
Q1 26
$-45.0M
Q4 25
$35.7M
$-43.2M
Q3 25
$35.1M
$-13.5M
Q2 25
$31.4M
$-16.8M
Q1 25
$10.5M
$-10.1M
Q4 24
$23.2M
$-30.0M
Q3 24
$21.0M
$-11.5M
Q2 24
$20.5M
$-9.8M
Operating Margin
GABC
GABC
PDM
PDM
Q1 26
Q4 25
34.6%
Q3 25
34.6%
Q2 25
31.8%
Q1 25
12.0%
Q4 24
31.6%
Q3 24
29.0%
Q2 24
29.4%
Net Margin
GABC
GABC
PDM
PDM
Q1 26
-31.4%
Q4 25
28.2%
-30.3%
Q3 25
27.7%
-9.7%
Q2 25
25.5%
-12.0%
Q1 25
9.5%
-7.1%
Q4 24
25.6%
-20.9%
Q3 24
23.8%
-8.3%
Q2 24
22.7%
-6.8%
EPS (diluted)
GABC
GABC
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.98
$-0.34
Q3 25
$0.94
$-0.11
Q2 25
$0.84
$-0.14
Q1 25
$0.30
$-0.08
Q4 24
$0.79
$-0.25
Q3 24
$0.71
$-0.09
Q2 24
$0.69
$-0.08

Balance Sheet & Financial Strength

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

Metric
GABC
GABC
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$2.3M
Total DebtLower is stronger
$100.0M
Stockholders' EquityBook value
$1.2B
$1.5B
Total Assets
$8.4B
$4.0B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GABC
GABC
PDM
PDM
Q1 26
$2.3M
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
Total Debt
GABC
GABC
PDM
PDM
Q1 26
Q4 25
$100.0M
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$114.6M
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
GABC
GABC
PDM
PDM
Q1 26
$1.5B
Q4 25
$1.2B
$1.5B
Q3 25
$1.1B
$1.5B
Q2 25
$1.1B
$1.5B
Q1 25
$1.0B
$1.6B
Q4 24
$715.1M
$1.6B
Q3 24
$744.6M
$1.6B
Q2 24
$687.8M
$1.7B
Total Assets
GABC
GABC
PDM
PDM
Q1 26
$4.0B
Q4 25
$8.4B
$4.0B
Q3 25
$8.4B
$4.0B
Q2 25
$8.3B
$4.0B
Q1 25
$8.4B
$4.0B
Q4 24
$6.3B
$4.1B
Q3 24
$6.3B
$4.1B
Q2 24
$6.2B
$4.2B
Debt / Equity
GABC
GABC
PDM
PDM
Q1 26
Q4 25
0.09×
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
0.16×
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
GABC
GABC
PDM
PDM
Operating Cash FlowLast quarter
$159.3M
Free Cash FlowOCF − Capex
$154.0M
FCF MarginFCF / Revenue
121.6%
Capex IntensityCapex / Revenue
4.2%
110.3%
Cash ConversionOCF / Net Profit
4.46×
TTM Free Cash FlowTrailing 4 quarters
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GABC
GABC
PDM
PDM
Q1 26
Q4 25
$159.3M
$140.6M
Q3 25
$51.8M
$35.8M
Q2 25
$26.9M
$50.1M
Q1 25
$37.9M
$3.7M
Q4 24
$95.8M
$198.1M
Q3 24
$24.5M
$42.9M
Q2 24
$18.7M
$66.8M
Free Cash Flow
GABC
GABC
PDM
PDM
Q1 26
Q4 25
$154.0M
Q3 25
$50.1M
Q2 25
$26.2M
Q1 25
$36.7M
Q4 24
$90.7M
Q3 24
$23.0M
Q2 24
$17.0M
FCF Margin
GABC
GABC
PDM
PDM
Q1 26
Q4 25
121.6%
Q3 25
39.6%
Q2 25
21.2%
Q1 25
33.0%
Q4 24
100.1%
Q3 24
26.0%
Q2 24
18.8%
Capex Intensity
GABC
GABC
PDM
PDM
Q1 26
110.3%
Q4 25
4.2%
Q3 25
1.3%
Q2 25
0.6%
Q1 25
1.1%
Q4 24
5.6%
Q3 24
1.7%
Q2 24
1.8%
Cash Conversion
GABC
GABC
PDM
PDM
Q1 26
Q4 25
4.46×
Q3 25
1.48×
Q2 25
0.86×
Q1 25
3.61×
Q4 24
4.13×
Q3 24
1.16×
Q2 24
0.91×

Financial Flow Comparison

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

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