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Side-by-side financial comparison of Strategy Inc (MSTR) 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 $123.0M, roughly 1.2× Strategy Inc). On growth, Strategy Inc posted the faster year-over-year revenue change (1.9% vs 0.4%). Over the past eight quarters, Strategy Inc's revenue compounded faster (3.3% CAGR vs 0.0%).

Strategy Inc., formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Busin...

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.

MSTR vs PDM — Head-to-Head

Bigger by revenue
PDM
PDM
1.2× larger
PDM
$143.3M
$123.0M
MSTR
Growing faster (revenue YoY)
MSTR
MSTR
+1.5% gap
MSTR
1.9%
0.4%
PDM
Faster 2-yr revenue CAGR
MSTR
MSTR
Annualised
MSTR
3.3%
0.0%
PDM

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
MSTR
MSTR
PDM
PDM
Revenue
$123.0M
$143.3M
Net Profit
$-45.0M
Gross Margin
66.1%
Operating Margin
Net Margin
-31.4%
Revenue YoY
1.9%
0.4%
Net Profit YoY
-27.9%
EPS (diluted)
$-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
MSTR
MSTR
PDM
PDM
Q1 26
$143.3M
Q4 25
$123.0M
$142.9M
Q3 25
$128.7M
$139.2M
Q2 25
$114.5M
$140.3M
Q1 25
$111.1M
$142.7M
Q4 24
$120.7M
$143.2M
Q3 24
$116.1M
$139.3M
Q2 24
$111.4M
$143.3M
Net Profit
MSTR
MSTR
PDM
PDM
Q1 26
$-45.0M
Q4 25
$-43.2M
Q3 25
$2.8B
$-13.5M
Q2 25
$10.0B
$-16.8M
Q1 25
$-4.2B
$-10.1M
Q4 24
$-670.8M
$-30.0M
Q3 24
$-340.2M
$-11.5M
Q2 24
$-102.6M
$-9.8M
Gross Margin
MSTR
MSTR
PDM
PDM
Q1 26
Q4 25
66.1%
Q3 25
70.5%
Q2 25
68.8%
Q1 25
69.4%
Q4 24
71.7%
Q3 24
70.4%
Q2 24
72.2%
Operating Margin
MSTR
MSTR
PDM
PDM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
-5331.4%
Q4 24
-842.1%
Q3 24
-372.7%
Q2 24
-179.7%
Net Margin
MSTR
MSTR
PDM
PDM
Q1 26
-31.4%
Q4 25
-30.3%
Q3 25
2164.1%
-9.7%
Q2 25
8752.7%
-12.0%
Q1 25
-3797.2%
-7.1%
Q4 24
-555.8%
-20.9%
Q3 24
-293.1%
-8.3%
Q2 24
-92.0%
-6.8%
EPS (diluted)
MSTR
MSTR
PDM
PDM
Q1 26
$-0.10
Q4 25
$-0.34
Q3 25
$8.42
$-0.11
Q2 25
$32.60
$-0.14
Q1 25
$-16.49
$-0.08
Q4 24
$4.49
$-0.25
Q3 24
$-1.72
$-0.09
Q2 24
$-0.57
$-0.08

Balance Sheet & Financial Strength

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

Metric
MSTR
MSTR
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$2.3B
$2.3M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$44.1B
$1.5B
Total Assets
$61.6B
$4.0B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSTR
MSTR
PDM
PDM
Q1 26
$2.3M
Q4 25
$2.3B
$731.0K
Q3 25
$54.3M
$3.0M
Q2 25
$50.1M
$3.3M
Q1 25
$60.3M
$2.9M
Q4 24
$38.1M
$109.6M
Q3 24
$46.3M
$133.6M
Q2 24
$66.9M
$138.5M
Total Debt
MSTR
MSTR
PDM
PDM
Q1 26
Q4 25
$8.2B
$2.2B
Q3 25
$8.2B
$2.2B
Q2 25
$8.2B
$2.2B
Q1 25
$8.1B
$2.2B
Q4 24
$7.2B
$2.2B
Q3 24
$4.2B
$2.2B
Q2 24
$3.8B
$2.2B
Stockholders' Equity
MSTR
MSTR
PDM
PDM
Q1 26
$1.5B
Q4 25
$44.1B
$1.5B
Q3 25
$52.3B
$1.5B
Q2 25
$47.5B
$1.5B
Q1 25
$32.2B
$1.6B
Q4 24
$18.2B
$1.6B
Q3 24
$3.8B
$1.6B
Q2 24
$2.8B
$1.7B
Total Assets
MSTR
MSTR
PDM
PDM
Q1 26
$4.0B
Q4 25
$61.6B
$4.0B
Q3 25
$73.6B
$4.0B
Q2 25
$64.8B
$4.0B
Q1 25
$43.9B
$4.0B
Q4 24
$25.8B
$4.1B
Q3 24
$8.3B
$4.1B
Q2 24
$7.1B
$4.2B
Debt / Equity
MSTR
MSTR
PDM
PDM
Q1 26
Q4 25
0.19×
1.49×
Q3 25
0.16×
1.43×
Q2 25
0.17×
1.41×
Q1 25
0.25×
1.40×
Q4 24
0.39×
1.40×
Q3 24
1.12×
1.36×
Q2 24
1.36×
1.34×

Financial Flow Comparison

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

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