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Side-by-side financial comparison of Innovex International, Inc. (INVX) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $143.3M, roughly 1.9× Piedmont Realty Trust, Inc.). Innovex International, Inc. runs the higher net margin — 5.1% vs -31.4%, a 36.5% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs 0.4%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 0.0%).
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.
INVX vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $143.3M |
| Net Profit | $14.0M | $-45.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 9.4% | — |
| Net Margin | 5.1% | -31.4% |
| Revenue YoY | 9.1% | 0.4% |
| Net Profit YoY | -56.1% | -27.9% |
| EPS (diluted) | $0.20 | $-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 | $273.6M | $142.9M | ||
| Q3 25 | $240.0M | $139.2M | ||
| Q2 25 | $224.2M | $140.3M | ||
| Q1 25 | $240.4M | $142.7M | ||
| Q4 24 | $250.7M | $143.2M | ||
| Q3 24 | $151.8M | $139.3M | ||
| Q2 24 | $130.3M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $14.0M | $-43.2M | ||
| Q3 25 | $39.2M | $-13.5M | ||
| Q2 25 | $15.3M | $-16.8M | ||
| Q1 25 | $14.8M | $-10.1M | ||
| Q4 24 | $31.8M | $-30.0M | ||
| Q3 24 | $82.6M | $-11.5M | ||
| Q2 24 | $9.5M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | -8.7% | — | ||
| Q2 24 | 10.0% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 5.1% | -30.3% | ||
| Q3 25 | 16.3% | -9.7% | ||
| Q2 25 | 6.8% | -12.0% | ||
| Q1 25 | 6.1% | -7.1% | ||
| Q4 24 | 12.7% | -20.9% | ||
| Q3 24 | 54.4% | -8.3% | ||
| Q2 24 | 7.3% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.20 | $-0.34 | ||
| Q3 25 | $0.57 | $-0.11 | ||
| Q2 25 | $0.22 | $-0.14 | ||
| Q1 25 | $0.21 | $-0.08 | ||
| Q4 24 | $-0.03 | $-0.25 | ||
| Q3 24 | $1.99 | $-0.09 | ||
| Q2 24 | $0.30 | $-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 | $18.9M | — |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $1.3B | $4.0B |
| Debt / EquityLower = less leverage | 0.02× | — |
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 | $185.6M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $18.9M | $2.2B | ||
| Q3 25 | $20.1M | $2.2B | ||
| Q2 25 | $34.8M | $2.2B | ||
| Q1 25 | $19.7M | $2.2B | ||
| Q4 24 | $24.9M | $2.2B | ||
| Q3 24 | $12.4M | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $995.6M | $1.5B | ||
| Q1 25 | $978.4M | $1.6B | ||
| Q4 24 | $958.2M | $1.6B | ||
| Q3 24 | $904.4M | $1.6B | ||
| Q2 24 | $352.5M | $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 | $1.2B | $4.1B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.02× | 1.49× | ||
| Q3 25 | 0.02× | 1.43× | ||
| Q2 25 | 0.03× | 1.41× | ||
| Q1 25 | 0.02× | 1.40× | ||
| Q4 24 | 0.03× | 1.40× | ||
| Q3 24 | 0.01× | 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 | $52.2M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 110.3% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $52.2M | $140.6M | ||
| Q3 25 | $48.4M | $35.8M | ||
| Q2 25 | $59.2M | $50.1M | ||
| Q1 25 | $31.1M | $3.7M | ||
| Q4 24 | $36.3M | $198.1M | ||
| Q3 24 | $21.7M | $42.9M | ||
| Q2 24 | $22.8M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $16.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.7% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.74× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
PDM
Segment breakdown not available.
