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Side-by-side financial comparison of PagerDuty, Inc. (PD) and TRUSTMARK CORP (TRMK). Click either name above to swap in a different company.

TRUSTMARK CORP is the larger business by last-quarter revenue ($204.1M vs $124.5M, roughly 1.6× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 28.4%, a 101.4% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs 4.5%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $24.1M). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% CAGR vs 5.9%).

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.

PD vs TRMK — Head-to-Head

Bigger by revenue
TRMK
TRMK
1.6× larger
TRMK
$204.1M
$124.5M
PD
Growing faster (revenue YoY)
PD
PD
+0.2% gap
PD
4.7%
4.5%
TRMK
Higher net margin
PD
PD
101.4% more per $
PD
129.7%
28.4%
TRMK
More free cash flow
TRMK
TRMK
$207.9M more FCF
TRMK
$232.0M
$24.1M
PD
Faster 2-yr revenue CAGR
TRMK
TRMK
Annualised
TRMK
8.9%
5.9%
PD

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
PD
PD
TRMK
TRMK
Revenue
$124.5M
$204.1M
Net Profit
$161.6M
$57.9M
Gross Margin
85.3%
Operating Margin
6.5%
34.7%
Net Margin
129.7%
28.4%
Revenue YoY
4.7%
4.5%
Net Profit YoY
2827.7%
2.8%
EPS (diluted)
$1.69
$0.96

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
PD
PD
TRMK
TRMK
Q4 25
$124.5M
$204.1M
Q3 25
$123.4M
$202.4M
Q2 25
$119.8M
$198.6M
Q1 25
$121.4M
$194.6M
Q4 24
$118.9M
$155.8M
Q3 24
$115.9M
$192.3M
Q2 24
$111.2M
$141.0M
Q1 24
$111.1M
$172.2M
Net Profit
PD
PD
TRMK
TRMK
Q4 25
$161.6M
$57.9M
Q3 25
$9.6M
$56.8M
Q2 25
$-7.2M
$55.8M
Q1 25
$-8.8M
$53.6M
Q4 24
$-5.9M
$56.3M
Q3 24
$-10.9M
$51.3M
Q2 24
$-17.1M
$73.8M
Q1 24
$-28.2M
$41.5M
Gross Margin
PD
PD
TRMK
TRMK
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%
Operating Margin
PD
PD
TRMK
TRMK
Q4 25
6.5%
34.7%
Q3 25
2.9%
34.5%
Q2 25
-8.6%
34.7%
Q1 25
-9.6%
33.6%
Q4 24
-8.7%
41.6%
Q3 24
-13.8%
32.5%
Q2 24
-19.5%
-98.1%
Q1 24
-30.1%
26.1%
Net Margin
PD
PD
TRMK
TRMK
Q4 25
129.7%
28.4%
Q3 25
7.8%
28.1%
Q2 25
-6.0%
28.1%
Q1 25
-7.2%
27.6%
Q4 24
-5.0%
36.1%
Q3 24
-9.4%
26.7%
Q2 24
-15.4%
52.4%
Q1 24
-25.3%
24.1%
EPS (diluted)
PD
PD
TRMK
TRMK
Q4 25
$1.69
$0.96
Q3 25
$0.10
$0.94
Q2 25
$-0.07
$0.92
Q1 25
$-0.12
$0.88
Q4 24
$-0.07
$0.91
Q3 24
$-0.14
$0.84
Q2 24
$-0.26
$1.20
Q1 24
$-0.34
$0.68

Balance Sheet & Financial Strength

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

Metric
PD
PD
TRMK
TRMK
Cash + ST InvestmentsLiquidity on hand
$547.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$320.5M
$2.1B
Total Assets
$1.0B
$18.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PD
PD
TRMK
TRMK
Q4 25
$547.8M
Q3 25
$567.9M
Q2 25
$597.1M
Q1 25
$570.8M
Q4 24
$542.2M
Q3 24
$599.3M
Q2 24
$592.8M
Q1 24
$571.2M
Total Debt
PD
PD
TRMK
TRMK
Q4 25
Q3 25
Q2 25
Q1 25
$484.5M
Q4 24
Q3 24
Q2 24
Q1 24
$489.5M
Stockholders' Equity
PD
PD
TRMK
TRMK
Q4 25
$320.5M
$2.1B
Q3 25
$180.7M
$2.1B
Q2 25
$145.7M
$2.1B
Q1 25
$129.8M
$2.0B
Q4 24
$111.6M
$2.0B
Q3 24
$164.7M
$2.0B
Q2 24
$174.0M
$1.9B
Q1 24
$171.6M
$1.7B
Total Assets
PD
PD
TRMK
TRMK
Q4 25
$1.0B
$18.9B
Q3 25
$891.5M
$18.8B
Q2 25
$926.8M
$18.6B
Q1 25
$927.3M
$18.3B
Q4 24
$866.8M
$18.2B
Q3 24
$916.0M
$18.5B
Q2 24
$924.0M
$18.5B
Q1 24
$925.3M
$18.4B
Debt / Equity
PD
PD
TRMK
TRMK
Q4 25
Q3 25
Q2 25
Q1 25
3.73×
Q4 24
Q3 24
Q2 24
Q1 24
2.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PD
PD
TRMK
TRMK
Operating Cash FlowLast quarter
$24.8M
$243.9M
Free Cash FlowOCF − Capex
$24.1M
$232.0M
FCF MarginFCF / Revenue
19.3%
113.6%
Capex IntensityCapex / Revenue
0.6%
5.9%
Cash ConversionOCF / Net Profit
0.15×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$117.6M
$409.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PD
PD
TRMK
TRMK
Q4 25
$24.8M
$243.9M
Q3 25
$34.0M
$66.2M
Q2 25
$30.7M
$37.6M
Q1 25
$31.4M
$82.4M
Q4 24
$22.1M
$116.9M
Q3 24
$35.8M
$59.5M
Q2 24
$28.6M
$16.7M
Q1 24
$22.2M
$-58.5M
Free Cash Flow
PD
PD
TRMK
TRMK
Q4 25
$24.1M
$232.0M
Q3 25
$33.1M
$62.7M
Q2 25
$30.2M
$34.5M
Q1 25
$30.3M
$80.6M
Q4 24
$21.5M
$93.4M
Q3 24
$35.1M
$51.2M
Q2 24
$28.2M
$10.5M
Q1 24
$21.2M
$-63.6M
FCF Margin
PD
PD
TRMK
TRMK
Q4 25
19.3%
113.6%
Q3 25
26.8%
31.0%
Q2 25
25.2%
17.4%
Q1 25
24.9%
41.4%
Q4 24
18.1%
60.0%
Q3 24
30.3%
26.7%
Q2 24
25.4%
7.4%
Q1 24
19.1%
-36.9%
Capex Intensity
PD
PD
TRMK
TRMK
Q4 25
0.6%
5.9%
Q3 25
0.7%
1.8%
Q2 25
0.4%
1.6%
Q1 25
0.9%
0.9%
Q4 24
0.5%
15.1%
Q3 24
0.5%
4.3%
Q2 24
0.4%
4.4%
Q1 24
0.9%
2.9%
Cash Conversion
PD
PD
TRMK
TRMK
Q4 25
0.15×
4.21×
Q3 25
3.55×
1.17×
Q2 25
0.67×
Q1 25
1.54×
Q4 24
2.08×
Q3 24
1.16×
Q2 24
0.23×
Q1 24
-1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PD
PD

US$88.8M71%
Non Us$35.7M29%

TRMK
TRMK

Segment breakdown not available.

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