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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $128.3M, roughly 1.1× Granite Ridge Resources, Inc.). Piedmont Realty Trust, Inc. runs the higher net margin — -31.4% vs -36.7%, a 5.3% gap on every dollar of revenue. On growth, Granite Ridge Resources, Inc. posted the faster year-over-year revenue change (4.3% vs 0.4%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (18.9% CAGR vs 0.0%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $143.3M |
| Net Profit | $-47.0M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -36.7% | -31.4% |
| Revenue YoY | 4.3% | 0.4% |
| Net Profit YoY | — | -27.9% |
| EPS (diluted) | $-0.36 | $-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 | $128.3M | $143.3M | ||
| Q4 25 | $105.5M | $142.9M | ||
| Q3 25 | $112.7M | $139.2M | ||
| Q2 25 | $109.2M | $140.3M | ||
| Q1 25 | $122.9M | $142.7M | ||
| Q4 24 | $106.3M | $143.2M | ||
| Q3 24 | $94.1M | $139.3M | ||
| Q2 24 | $90.7M | $143.3M |
| Q1 26 | $-47.0M | $-45.0M | ||
| Q4 25 | — | $-43.2M | ||
| Q3 25 | $14.5M | $-13.5M | ||
| Q2 25 | $25.1M | $-16.8M | ||
| Q1 25 | $9.8M | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | $9.1M | $-11.5M | ||
| Q2 24 | $5.1M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | -34.5% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 34.6% | — | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 24.1% | — |
| Q1 26 | -36.7% | -31.4% | ||
| Q4 25 | — | -30.3% | ||
| Q3 25 | 12.9% | -9.7% | ||
| Q2 25 | 23.0% | -12.0% | ||
| Q1 25 | 8.0% | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | 9.6% | -8.3% | ||
| Q2 24 | 5.6% | -6.8% |
| Q1 26 | $-0.36 | $-0.10 | ||
| Q4 25 | $-0.19 | $-0.34 | ||
| Q3 25 | $0.11 | $-0.11 | ||
| Q2 25 | $0.19 | $-0.14 | ||
| Q1 25 | $0.07 | $-0.08 | ||
| Q4 24 | $-0.09 | $-0.25 | ||
| Q3 24 | $0.07 | $-0.09 | ||
| Q2 24 | $0.04 | $-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 | $26.3M | — |
| Stockholders' EquityBook value | $545.6M | $1.5B |
| Total Assets | $1.2B | $4.0B |
| Debt / EquityLower = less leverage | 0.05× | — |
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 | — | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $138.5M |
| Q1 26 | $26.3M | — | ||
| Q4 25 | $367.8M | $2.2B | ||
| Q3 25 | $300.0M | $2.2B | ||
| Q2 25 | $275.0M | $2.2B | ||
| Q1 25 | $250.0M | $2.2B | ||
| Q4 24 | $205.0M | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | $545.6M | $1.5B | ||
| Q4 25 | $605.8M | $1.5B | ||
| Q3 25 | $643.9M | $1.5B | ||
| Q2 25 | $642.5M | $1.5B | ||
| Q1 25 | $631.4M | $1.6B | ||
| Q4 24 | $635.4M | $1.6B | ||
| Q3 24 | $660.6M | $1.6B | ||
| Q2 24 | $665.3M | $1.7B |
| Q1 26 | $1.2B | $4.0B | ||
| Q4 25 | $1.2B | $4.0B | ||
| Q3 25 | $1.1B | $4.0B | ||
| Q2 25 | $1.1B | $4.0B | ||
| Q1 25 | $1.1B | $4.0B | ||
| Q4 24 | $1.0B | $4.1B | ||
| Q3 24 | $1.0B | $4.1B | ||
| Q2 24 | $990.5M | $4.2B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.61× | 1.49× | ||
| Q3 25 | 0.47× | 1.43× | ||
| Q2 25 | 0.43× | 1.41× | ||
| Q1 25 | 0.40× | 1.40× | ||
| Q4 24 | 0.32× | 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 | $58.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 47.1% | 110.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $140.6M | ||
| Q3 25 | $77.8M | $35.8M | ||
| Q2 25 | $78.0M | $50.1M | ||
| Q1 25 | $76.1M | $3.7M | ||
| Q4 24 | $68.2M | $198.1M | ||
| Q3 24 | $74.7M | $42.9M | ||
| Q2 24 | $64.2M | $66.8M |
| Q1 26 | 47.1% | 110.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
PDM
Segment breakdown not available.
