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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.8× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 0.4%). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs 0.0%).

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

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.

HSTM vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.8× larger
PDM
$143.3M
$79.7M
HSTM
Growing faster (revenue YoY)
HSTM
HSTM
+6.9% gap
HSTM
7.4%
0.4%
PDM
Faster 2-yr revenue CAGR
HSTM
HSTM
Annualised
HSTM
4.7%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HSTM
HSTM
PDM
PDM
Revenue
$79.7M
$143.3M
Net Profit
$-45.0M
Gross Margin
Operating Margin
3.0%
Net Margin
-31.4%
Revenue YoY
7.4%
0.4%
Net Profit YoY
-27.9%
EPS (diluted)
$0.09
$-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
HSTM
HSTM
PDM
PDM
Q1 26
$143.3M
Q4 25
$79.7M
$142.9M
Q3 25
$76.5M
$139.2M
Q2 25
$74.4M
$140.3M
Q1 25
$73.5M
$142.7M
Q4 24
$74.2M
$143.2M
Q3 24
$73.1M
$139.3M
Q2 24
$71.6M
$143.3M
Net Profit
HSTM
HSTM
PDM
PDM
Q1 26
$-45.0M
Q4 25
$-43.2M
Q3 25
$6.1M
$-13.5M
Q2 25
$5.4M
$-16.8M
Q1 25
$4.3M
$-10.1M
Q4 24
$-30.0M
Q3 24
$5.7M
$-11.5M
Q2 24
$4.2M
$-9.8M
Operating Margin
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
3.0%
Q3 25
9.9%
Q2 25
7.9%
Q1 25
6.0%
Q4 24
6.3%
Q3 24
8.9%
Q2 24
6.2%
Net Margin
HSTM
HSTM
PDM
PDM
Q1 26
-31.4%
Q4 25
-30.3%
Q3 25
8.0%
-9.7%
Q2 25
7.2%
-12.0%
Q1 25
5.9%
-7.1%
Q4 24
-20.9%
Q3 24
7.8%
-8.3%
Q2 24
5.8%
-6.8%
EPS (diluted)
HSTM
HSTM
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.09
$-0.34
Q3 25
$0.20
$-0.11
Q2 25
$0.18
$-0.14
Q1 25
$0.14
$-0.08
Q4 24
$0.16
$-0.25
Q3 24
$0.19
$-0.09
Q2 24
$0.14
$-0.08

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$36.2M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.0M
$1.5B
Total Assets
$520.4M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
PDM
PDM
Q1 26
$2.3M
Q4 25
$36.2M
$731.0K
Q3 25
$53.5M
$3.0M
Q2 25
$52.1M
$3.3M
Q1 25
$77.3M
$2.9M
Q4 24
$59.5M
$109.6M
Q3 24
$57.5M
$133.6M
Q2 24
$46.1M
$138.5M
Total Debt
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
HSTM
HSTM
PDM
PDM
Q1 26
$1.5B
Q4 25
$354.0M
$1.5B
Q3 25
$349.2M
$1.5B
Q2 25
$350.6M
$1.5B
Q1 25
$362.8M
$1.6B
Q4 24
$359.4M
$1.6B
Q3 24
$355.5M
$1.6B
Q2 24
$349.2M
$1.7B
Total Assets
HSTM
HSTM
PDM
PDM
Q1 26
$4.0B
Q4 25
$520.4M
$4.0B
Q3 25
$499.9M
$4.0B
Q2 25
$500.1M
$4.0B
Q1 25
$524.0M
$4.0B
Q4 24
$510.8M
$4.1B
Q3 24
$502.8M
$4.1B
Q2 24
$499.6M
$4.2B
Debt / Equity
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
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
HSTM
HSTM
PDM
PDM
Operating Cash FlowLast quarter
$13.2M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
0.3%
110.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
$13.2M
$140.6M
Q3 25
$18.0M
$35.8M
Q2 25
$5.0M
$50.1M
Q1 25
$27.1M
$3.7M
Q4 24
$11.2M
$198.1M
Q3 24
$19.1M
$42.9M
Q2 24
$6.5M
$66.8M
Free Cash Flow
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
$13.0M
Q3 25
$17.9M
Q2 25
$2.7M
Q1 25
$26.0M
Q4 24
$11.0M
Q3 24
$18.8M
Q2 24
$6.3M
FCF Margin
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
16.3%
Q3 25
23.4%
Q2 25
3.6%
Q1 25
35.4%
Q4 24
14.8%
Q3 24
25.8%
Q2 24
8.8%
Capex Intensity
HSTM
HSTM
PDM
PDM
Q1 26
110.3%
Q4 25
0.3%
Q3 25
0.1%
Q2 25
3.1%
Q1 25
1.4%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
0.2%
Cash Conversion
HSTM
HSTM
PDM
PDM
Q1 26
Q4 25
Q3 25
2.96×
Q2 25
0.93×
Q1 25
6.25×
Q4 24
Q3 24
3.34×
Q2 24
1.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

PDM
PDM

Segment breakdown not available.

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