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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $143.3M, roughly 1.8× Piedmont Realty Trust, Inc.). Great Lakes Dredge & Dock CORP runs the higher net margin — 4.9% vs -31.4%, a 36.3% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 0.4%). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% CAGR vs 0.0%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.
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.
GLDD vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $143.3M |
| Net Profit | $12.6M | $-45.0M |
| Gross Margin | 20.9% | — |
| Operating Margin | 12.7% | — |
| Net Margin | 4.9% | -31.4% |
| Revenue YoY | 26.5% | 0.4% |
| Net Profit YoY | -35.9% | -27.9% |
| EPS (diluted) | $0.19 | $-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 | $256.5M | $142.9M | ||
| Q3 25 | $195.2M | $139.2M | ||
| Q2 25 | $193.8M | $140.3M | ||
| Q1 25 | $242.9M | $142.7M | ||
| Q4 24 | $202.8M | $143.2M | ||
| Q3 24 | $191.2M | $139.3M | ||
| Q2 24 | $170.1M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $12.6M | $-43.2M | ||
| Q3 25 | $17.7M | $-13.5M | ||
| Q2 25 | $9.7M | $-16.8M | ||
| Q1 25 | $33.4M | $-10.1M | ||
| Q4 24 | $19.7M | $-30.0M | ||
| Q3 24 | $8.9M | $-11.5M | ||
| Q2 24 | $7.7M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 20.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 24.1% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.7% | — | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 8.6% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 4.9% | -30.3% | ||
| Q3 25 | 9.1% | -9.7% | ||
| Q2 25 | 5.0% | -12.0% | ||
| Q1 25 | 13.8% | -7.1% | ||
| Q4 24 | 9.7% | -20.9% | ||
| Q3 24 | 4.6% | -8.3% | ||
| Q2 24 | 4.5% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.19 | $-0.34 | ||
| Q3 25 | $0.26 | $-0.11 | ||
| Q2 25 | $0.14 | $-0.14 | ||
| Q1 25 | $0.49 | $-0.08 | ||
| Q4 24 | $0.29 | $-0.25 | ||
| Q3 24 | $0.13 | $-0.09 | ||
| Q2 24 | $0.11 | $-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 | $13.4M | $2.3M |
| Total DebtLower is stronger | $378.2M | — |
| Stockholders' EquityBook value | $517.1M | $1.5B |
| Total Assets | $1.3B | $4.0B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $13.4M | $731.0K | ||
| Q3 25 | $12.7M | $3.0M | ||
| Q2 25 | $2.9M | $3.3M | ||
| Q1 25 | $11.3M | $2.9M | ||
| Q4 24 | $10.2M | $109.6M | ||
| Q3 24 | $12.0M | $133.6M | ||
| Q2 24 | $23.1M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $378.2M | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $448.2M | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $517.1M | $1.5B | ||
| Q3 25 | $502.1M | $1.5B | ||
| Q2 25 | $481.9M | $1.5B | ||
| Q1 25 | $479.9M | $1.6B | ||
| Q4 24 | $448.9M | $1.6B | ||
| Q3 24 | $425.4M | $1.6B | ||
| Q2 24 | $418.0M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.2B | $4.0B | ||
| Q1 25 | $1.2B | $4.0B | ||
| Q4 24 | $1.3B | $4.1B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.1B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.73× | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | 1.00× | 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 | $79.7M | — |
| Free Cash FlowOCF − Capex | $50.3M | — |
| FCF MarginFCF / Revenue | 19.6% | — |
| Capex IntensityCapex / Revenue | 11.5% | 110.3% |
| Cash ConversionOCF / Net Profit | 6.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $79.7M | $140.6M | ||
| Q3 25 | $49.2M | $35.8M | ||
| Q2 25 | $56.9M | $50.1M | ||
| Q1 25 | $60.9M | $3.7M | ||
| Q4 24 | $-13.5M | $198.1M | ||
| Q3 24 | $26.8M | $42.9M | ||
| Q2 24 | $18.4M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $50.3M | — | ||
| Q3 25 | $13.2M | — | ||
| Q2 25 | $-3.7M | — | ||
| Q1 25 | $39.6M | — | ||
| Q4 24 | $-36.1M | — | ||
| Q3 24 | $-11.5M | — | ||
| Q2 24 | $-34.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 16.3% | — | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -6.0% | — | ||
| Q2 24 | -20.0% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 11.5% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 30.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.31× | — | ||
| Q3 25 | 2.77× | — | ||
| Q2 25 | 5.87× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | -0.69× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
