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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) 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 $120.7M, roughly 1.2× LIQUIDITY SERVICES INC). LIQUIDITY SERVICES INC runs the higher net margin — 6.2% vs -31.4%, a 37.6% gap on every dollar of revenue. On growth, LIQUIDITY SERVICES INC posted the faster year-over-year revenue change (3.7% vs 0.4%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (13.6% CAGR vs 0.0%).
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
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.
LQDT vs PDM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.7M | $143.3M |
| Net Profit | $7.5M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 8.0% | — |
| Net Margin | 6.2% | -31.4% |
| Revenue YoY | 3.7% | 0.4% |
| Net Profit YoY | 6.7% | -27.9% |
| EPS (diluted) | $0.23 | $-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 | $120.7M | $143.3M | ||
| Q4 25 | $121.2M | $142.9M | ||
| Q3 25 | $118.1M | $139.2M | ||
| Q2 25 | $119.9M | $140.3M | ||
| Q1 25 | $116.4M | $142.7M | ||
| Q4 24 | $122.3M | $143.2M | ||
| Q3 24 | $106.9M | $139.3M | ||
| Q2 24 | $93.6M | $143.3M |
| Q1 26 | $7.5M | $-45.0M | ||
| Q4 25 | $7.5M | $-43.2M | ||
| Q3 25 | $7.8M | $-13.5M | ||
| Q2 25 | $7.4M | $-16.8M | ||
| Q1 25 | $7.1M | $-10.1M | ||
| Q4 24 | $5.8M | $-30.0M | ||
| Q3 24 | $6.4M | $-11.5M | ||
| Q2 24 | $6.0M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 47.0% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 45.7% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 41.0% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 52.8% | — |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 8.4% | — |
| Q1 26 | 6.2% | -31.4% | ||
| Q4 25 | 6.2% | -30.3% | ||
| Q3 25 | 6.6% | -9.7% | ||
| Q2 25 | 6.2% | -12.0% | ||
| Q1 25 | 6.1% | -7.1% | ||
| Q4 24 | 4.7% | -20.9% | ||
| Q3 24 | 6.0% | -8.3% | ||
| Q2 24 | 6.4% | -6.8% |
| Q1 26 | $0.23 | $-0.10 | ||
| Q4 25 | $0.23 | $-0.34 | ||
| Q3 25 | $0.24 | $-0.11 | ||
| Q2 25 | $0.23 | $-0.14 | ||
| Q1 25 | $0.22 | $-0.08 | ||
| Q4 24 | $0.18 | $-0.25 | ||
| Q3 24 | $0.20 | $-0.09 | ||
| Q2 24 | $0.19 | $-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 | $204.0M | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | $400.4M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $204.0M | $2.3M | ||
| Q4 25 | $11.6M | $731.0K | ||
| Q3 25 | $11.2M | $3.0M | ||
| Q2 25 | $11.4M | $3.3M | ||
| Q1 25 | $10.5M | $2.9M | ||
| Q4 24 | $10.4M | $109.6M | ||
| Q3 24 | $2.3M | $133.6M | ||
| Q2 24 | $6.5M | $138.5M |
| 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 |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $215.3M | $1.5B | ||
| Q3 25 | $203.2M | $1.5B | ||
| Q2 25 | $208.7M | $1.5B | ||
| Q1 25 | $196.3M | $1.6B | ||
| Q4 24 | $189.2M | $1.6B | ||
| Q3 24 | $182.6M | $1.6B | ||
| Q2 24 | $172.0M | $1.7B |
| Q1 26 | $400.4M | $4.0B | ||
| Q4 25 | $369.1M | $4.0B | ||
| Q3 25 | $375.1M | $4.0B | ||
| Q2 25 | $372.4M | $4.0B | ||
| Q1 25 | $358.8M | $4.0B | ||
| Q4 24 | $333.2M | $4.1B | ||
| Q3 24 | $346.9M | $4.1B | ||
| Q2 24 | $325.5M | $4.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 110.3% |
| Cash ConversionOCF / Net Profit | 3.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.0M | — | ||
| Q4 25 | $-526.0K | $140.6M | ||
| Q3 25 | $38.0M | $35.8M | ||
| Q2 25 | $19.3M | $50.1M | ||
| Q1 25 | $21.6M | $3.7M | ||
| Q4 24 | $-12.1M | $198.1M | ||
| Q3 24 | $22.0M | $42.9M | ||
| Q2 24 | $22.2M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | — | ||
| Q3 25 | $36.0M | — | ||
| Q2 25 | $17.2M | — | ||
| Q1 25 | $19.8M | — | ||
| Q4 24 | $-14.0M | — | ||
| Q3 24 | $19.2M | — | ||
| Q2 24 | $20.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | -2.3% | — | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | -11.4% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 21.7% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.1% | — |
| Q1 26 | 3.86× | — | ||
| Q4 25 | -0.07× | — | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | — | ||
| Q3 24 | 3.45× | — | ||
| Q2 24 | 3.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LQDT
| Purchase revenues | $77.9M | 64% |
| Consignment and other fee revenues | $42.9M | 36% |
PDM
Segment breakdown not available.
