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Side-by-side financial comparison of PagerDuty, Inc. (PD) and P10, Inc. (PX). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $81.0M, roughly 1.5× P10, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 11.7%, a 118.1% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $18.1M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs 5.9%).
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
PD vs PX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.5M | $81.0M |
| Net Profit | $161.6M | $9.5M |
| Gross Margin | 85.3% | — |
| Operating Margin | 6.5% | 31.9% |
| Net Margin | 129.7% | 11.7% |
| Revenue YoY | 4.7% | -4.7% |
| Net Profit YoY | 2827.7% | 79.0% |
| EPS (diluted) | $1.69 | $0.08 |
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.
| Q4 25 | $124.5M | $81.0M | ||
| Q3 25 | $123.4M | $75.9M | ||
| Q2 25 | $119.8M | $72.7M | ||
| Q1 25 | $121.4M | $67.7M | ||
| Q4 24 | $118.9M | $85.0M | ||
| Q3 24 | $115.9M | $74.2M | ||
| Q2 24 | $111.2M | $71.1M | ||
| Q1 24 | $111.1M | $66.1M |
| Q4 25 | $161.6M | $9.5M | ||
| Q3 25 | $9.6M | $2.1M | ||
| Q2 25 | $-7.2M | $3.4M | ||
| Q1 25 | $-8.8M | $4.5M | ||
| Q4 24 | $-5.9M | $5.3M | ||
| Q3 24 | $-10.9M | $1.4M | ||
| Q2 24 | $-17.1M | $7.0M | ||
| Q1 24 | $-28.2M | $5.0M |
| Q4 25 | 85.3% | — | ||
| Q3 25 | 84.6% | — | ||
| Q2 25 | 84.0% | — | ||
| Q1 25 | 83.6% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 82.7% | — | ||
| Q2 24 | 82.6% | — | ||
| Q1 24 | 81.7% | — |
| Q4 25 | 6.5% | 31.9% | ||
| Q3 25 | 2.9% | 14.1% | ||
| Q2 25 | -8.6% | 24.4% | ||
| Q1 25 | -9.6% | 16.6% | ||
| Q4 24 | -8.7% | 26.9% | ||
| Q3 24 | -13.8% | 11.9% | ||
| Q2 24 | -19.5% | 23.7% | ||
| Q1 24 | -30.1% | 18.3% |
| Q4 25 | 129.7% | 11.7% | ||
| Q3 25 | 7.8% | 2.8% | ||
| Q2 25 | -6.0% | 4.7% | ||
| Q1 25 | -7.2% | 6.7% | ||
| Q4 24 | -5.0% | 6.2% | ||
| Q3 24 | -9.4% | 1.9% | ||
| Q2 24 | -15.4% | 9.8% | ||
| Q1 24 | -25.3% | 7.6% |
| Q4 25 | $1.69 | $0.08 | ||
| Q3 25 | $0.10 | $0.02 | ||
| Q2 25 | $-0.07 | $0.03 | ||
| Q1 25 | $-0.12 | $0.04 | ||
| Q4 24 | $-0.07 | $0.05 | ||
| Q3 24 | $-0.14 | $0.01 | ||
| Q2 24 | $-0.26 | $0.06 | ||
| Q1 24 | $-0.34 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $547.8M | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $320.5M | $403.5M |
| Total Assets | $1.0B | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $547.8M | $28.2M | ||
| Q3 25 | $567.9M | $40.0M | ||
| Q2 25 | $597.1M | $33.4M | ||
| Q1 25 | $570.8M | $74.4M | ||
| Q4 24 | $542.2M | $67.5M | ||
| Q3 24 | $599.3M | $61.5M | ||
| Q2 24 | $592.8M | $31.2M | ||
| Q1 24 | $571.2M | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | $484.5M | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | $489.5M | $314.0M |
| Q4 25 | $320.5M | $403.5M | ||
| Q3 25 | $180.7M | $396.8M | ||
| Q2 25 | $145.7M | $388.9M | ||
| Q1 25 | $129.8M | $374.3M | ||
| Q4 24 | $111.6M | $386.9M | ||
| Q3 24 | $164.7M | $394.1M | ||
| Q2 24 | $174.0M | $396.9M | ||
| Q1 24 | $171.6M | $400.1M |
| Q4 25 | $1.0B | $928.3M | ||
| Q3 25 | $891.5M | $936.0M | ||
| Q2 25 | $926.8M | $932.2M | ||
| Q1 25 | $927.3M | $877.4M | ||
| Q4 24 | $866.8M | $869.3M | ||
| Q3 24 | $916.0M | $857.0M | ||
| Q2 24 | $924.0M | $823.2M | ||
| Q1 24 | $925.3M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | 3.73× | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | 2.85× | 0.78× |
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 | $24.8M | $23.0M |
| Free Cash FlowOCF − Capex | $24.1M | $18.1M |
| FCF MarginFCF / Revenue | 19.3% | 22.3% |
| Capex IntensityCapex / Revenue | 0.6% | 6.0% |
| Cash ConversionOCF / Net Profit | 0.15× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $117.6M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $23.0M | ||
| Q3 25 | $34.0M | $-8.6M | ||
| Q2 25 | $30.7M | $13.4M | ||
| Q1 25 | $31.4M | $-4.7M | ||
| Q4 24 | $22.1M | $101.0M | ||
| Q3 24 | $35.8M | $27.5M | ||
| Q2 24 | $28.6M | $34.8M | ||
| Q1 24 | $22.2M | $11.0M |
| Q4 25 | $24.1M | $18.1M | ||
| Q3 25 | $33.1M | $-9.5M | ||
| Q2 25 | $30.2M | $11.6M | ||
| Q1 25 | $30.3M | $-6.0M | ||
| Q4 24 | $21.5M | $96.6M | ||
| Q3 24 | $35.1M | $25.2M | ||
| Q2 24 | $28.2M | $33.9M | ||
| Q1 24 | $21.2M | $10.7M |
| Q4 25 | 19.3% | 22.3% | ||
| Q3 25 | 26.8% | -12.6% | ||
| Q2 25 | 25.2% | 15.9% | ||
| Q1 25 | 24.9% | -8.9% | ||
| Q4 24 | 18.1% | 113.6% | ||
| Q3 24 | 30.3% | 34.0% | ||
| Q2 24 | 25.4% | 47.7% | ||
| Q1 24 | 19.1% | 16.2% |
| Q4 25 | 0.6% | 6.0% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 0.4% | 2.5% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 0.5% | 5.2% | ||
| Q3 24 | 0.5% | 3.0% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | 0.9% | 0.4% |
| Q4 25 | 0.15× | 2.43× | ||
| Q3 25 | 3.55× | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | — | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
