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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and PROVIDENT FINANCIAL SERVICES INC (PFS). Click either name above to swap in a different company.

PROVIDENT FINANCIAL SERVICES INC is the larger business by last-quarter revenue ($225.7M vs $142.9M, roughly 1.6× Piedmont Realty Trust, Inc.). On growth, PROVIDENT FINANCIAL SERVICES INC posted the faster year-over-year revenue change (9.6% vs -0.3%). Over the past eight quarters, PROVIDENT FINANCIAL SERVICES INC's revenue compounded faster (40.4% CAGR vs -0.6%).

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.

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

PDM vs PFS — Head-to-Head

Bigger by revenue
PFS
PFS
1.6× larger
PFS
$225.7M
$142.9M
PDM
Growing faster (revenue YoY)
PFS
PFS
+9.9% gap
PFS
9.6%
-0.3%
PDM
Faster 2-yr revenue CAGR
PFS
PFS
Annualised
PFS
40.4%
-0.6%
PDM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PDM
PDM
PFS
PFS
Revenue
$142.9M
$225.7M
Net Profit
$-43.2M
Gross Margin
Operating Margin
49.7%
Net Margin
-30.3%
Revenue YoY
-0.3%
9.6%
Net Profit YoY
-44.3%
EPS (diluted)
$-0.34
$0.64

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
PDM
PDM
PFS
PFS
Q4 25
$142.9M
$225.7M
Q3 25
$139.2M
$221.8M
Q2 25
$140.3M
$214.2M
Q1 25
$142.7M
$208.8M
Q4 24
$143.2M
$205.9M
Q3 24
$139.3M
$210.6M
Q2 24
$143.3M
$163.8M
Q1 24
$144.5M
$114.5M
Net Profit
PDM
PDM
PFS
PFS
Q4 25
$-43.2M
Q3 25
$-13.5M
$71.7M
Q2 25
$-16.8M
$72.0M
Q1 25
$-10.1M
$64.0M
Q4 24
$-30.0M
Q3 24
$-11.5M
$46.4M
Q2 24
$-9.8M
$-11.5M
Q1 24
$-27.8M
$32.1M
Operating Margin
PDM
PDM
PFS
PFS
Q4 25
49.7%
Q3 25
45.8%
Q2 25
47.8%
Q1 25
44.0%
Q4 24
30.5%
Q3 24
31.0%
Q2 24
-13.0%
Q1 24
37.5%
Net Margin
PDM
PDM
PFS
PFS
Q4 25
-30.3%
Q3 25
-9.7%
32.3%
Q2 25
-12.0%
33.6%
Q1 25
-7.1%
30.7%
Q4 24
-20.9%
Q3 24
-8.3%
22.0%
Q2 24
-6.8%
-7.0%
Q1 24
-19.2%
28.0%
EPS (diluted)
PDM
PDM
PFS
PFS
Q4 25
$-0.34
$0.64
Q3 25
$-0.11
$0.55
Q2 25
$-0.14
$0.55
Q1 25
$-0.08
$0.49
Q4 24
$-0.25
$0.37
Q3 24
$-0.09
$0.36
Q2 24
$-0.08
$-0.11
Q1 24
$-0.22
$0.43

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
PFS
PFS
Cash + ST InvestmentsLiquidity on hand
$731.0K
$209.1M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$1.5B
$2.8B
Total Assets
$4.0B
$25.0B
Debt / EquityLower = less leverage
1.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
PFS
PFS
Q4 25
$731.0K
$209.1M
Q3 25
$3.0M
$299.2M
Q2 25
$3.3M
$258.0M
Q1 25
$2.9M
$234.1M
Q4 24
$109.6M
$205.9M
Q3 24
$133.6M
$244.0M
Q2 24
$138.5M
$290.5M
Q1 24
$3.5M
$158.3M
Total Debt
PDM
PDM
PFS
PFS
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 24
$2.1B
Stockholders' Equity
PDM
PDM
PFS
PFS
Q4 25
$1.5B
$2.8B
Q3 25
$1.5B
$2.8B
Q2 25
$1.5B
$2.7B
Q1 25
$1.6B
$2.7B
Q4 24
$1.6B
$2.6B
Q3 24
$1.6B
$2.6B
Q2 24
$1.7B
$2.6B
Q1 24
$1.7B
$1.7B
Total Assets
PDM
PDM
PFS
PFS
Q4 25
$4.0B
$25.0B
Q3 25
$4.0B
$24.8B
Q2 25
$4.0B
$24.5B
Q1 25
$4.0B
$24.2B
Q4 24
$4.1B
$24.1B
Q3 24
$4.1B
$24.0B
Q2 24
$4.2B
$24.1B
Q1 24
$4.0B
$14.1B
Debt / Equity
PDM
PDM
PFS
PFS
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×
Q1 24
1.23×

Cash Flow & Capital Efficiency

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

Metric
PDM
PDM
PFS
PFS
Operating Cash FlowLast quarter
$140.6M
$442.3M
Free Cash FlowOCF − Capex
$430.7M
FCF MarginFCF / Revenue
190.8%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$797.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
PFS
PFS
Q4 25
$140.6M
$442.3M
Q3 25
$35.8M
$98.0M
Q2 25
$50.1M
$186.8M
Q1 25
$3.7M
$88.5M
Q4 24
$198.1M
$426.4M
Q3 24
$42.9M
$69.2M
Q2 24
$66.8M
$76.5M
Q1 24
$23.4M
$41.4M
Free Cash Flow
PDM
PDM
PFS
PFS
Q4 25
$430.7M
Q3 25
$96.7M
Q2 25
$182.6M
Q1 25
$87.4M
Q4 24
$425.1M
Q3 24
$67.9M
Q2 24
$75.5M
Q1 24
$40.9M
FCF Margin
PDM
PDM
PFS
PFS
Q4 25
190.8%
Q3 25
43.6%
Q2 25
85.2%
Q1 25
41.9%
Q4 24
206.4%
Q3 24
32.2%
Q2 24
46.1%
Q1 24
35.7%
Capex Intensity
PDM
PDM
PFS
PFS
Q4 25
5.1%
Q3 25
0.6%
Q2 25
2.0%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.6%
Q2 24
0.6%
Q1 24
0.5%
Cash Conversion
PDM
PDM
PFS
PFS
Q4 25
Q3 25
1.37×
Q2 25
2.59×
Q1 25
1.38×
Q4 24
Q3 24
1.49×
Q2 24
Q1 24
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDM
PDM

Atlanta GA$45.7M32%
Dallas TX$24.1M17%
Orlando FL$19.3M13%
New York NY$14.7M10%
Northern Virginia Washington D.C.$12.9M9%
Minneapolis MN$11.4M8%
Boston MA$9.8M7%
Real Estate Other$7.8M5%

PFS
PFS

Segment breakdown not available.

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