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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($142.9M vs $140.7M, roughly 1.0× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -30.3%, a 28.0% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -0.3%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
PDM vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.9M | $140.7M |
| Net Profit | $-43.2M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | — | -1.6% |
| Net Margin | -30.3% | -2.3% |
| Revenue YoY | -0.3% | 9.1% |
| Net Profit YoY | -44.3% | 62.1% |
| EPS (diluted) | $-0.34 | $0.03 |
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 | $142.9M | $140.7M | ||
| Q3 25 | $139.2M | $118.8M | ||
| Q2 25 | $140.3M | $105.1M | ||
| Q1 25 | $142.7M | $104.2M | ||
| Q4 24 | $143.2M | $129.0M | ||
| Q3 24 | $139.3M | $118.6M | ||
| Q2 24 | $143.3M | $120.3M | ||
| Q1 24 | $144.5M | $120.0M |
| Q4 25 | $-43.2M | $-3.2M | ||
| Q3 25 | $-13.5M | $-11.7M | ||
| Q2 25 | $-16.8M | $-17.3M | ||
| Q1 25 | $-10.1M | $-19.1M | ||
| Q4 24 | $-30.0M | $-8.5M | ||
| Q3 24 | $-11.5M | $-39.2M | ||
| Q2 24 | $-9.8M | $27.0K | ||
| Q1 24 | $-27.8M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | -10.2% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | — | -39.5% | ||
| Q2 24 | — | -12.1% | ||
| Q1 24 | — | -19.3% |
| Q4 25 | -30.3% | -2.3% | ||
| Q3 25 | -9.7% | -9.9% | ||
| Q2 25 | -12.0% | -16.5% | ||
| Q1 25 | -7.1% | -18.4% | ||
| Q4 24 | -20.9% | -6.6% | ||
| Q3 24 | -8.3% | -33.1% | ||
| Q2 24 | -6.8% | 0.0% | ||
| Q1 24 | -19.2% | -41.8% |
| Q4 25 | $-0.34 | $0.03 | ||
| Q3 25 | $-0.11 | $0.11 | ||
| Q2 25 | $-0.14 | $0.16 | ||
| Q1 25 | $-0.08 | $0.18 | ||
| Q4 24 | $-0.25 | $0.08 | ||
| Q3 24 | $-0.09 | $0.36 | ||
| Q2 24 | $-0.08 | $0.00 | ||
| Q1 24 | $-0.22 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $731.0K | $24.3M |
| Total DebtLower is stronger | $2.2B | $126.7M |
| Stockholders' EquityBook value | $1.5B | $-29.7M |
| Total Assets | $4.0B | $296.3M |
| Debt / EquityLower = less leverage | 1.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $731.0K | $24.3M | ||
| Q3 25 | $3.0M | $32.4M | ||
| Q2 25 | $3.3M | $34.2M | ||
| Q1 25 | $2.9M | $21.6M | ||
| Q4 24 | $109.6M | $29.0M | ||
| Q3 24 | $133.6M | $23.4M | ||
| Q2 24 | $138.5M | $23.4M | ||
| Q1 24 | $3.5M | $34.5M |
| Q4 25 | $2.2B | $126.7M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $70.7M | ||
| Q3 24 | $2.2B | $50.8M | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $1.5B | $-29.7M | ||
| Q3 25 | $1.5B | $-26.9M | ||
| Q2 25 | $1.5B | $-15.6M | ||
| Q1 25 | $1.6B | $1.3M | ||
| Q4 24 | $1.6B | $20.2M | ||
| Q3 24 | $1.6B | $28.0M | ||
| Q2 24 | $1.7B | $66.4M | ||
| Q1 24 | $1.7B | $65.5M |
| Q4 25 | $4.0B | $296.3M | ||
| Q3 25 | $4.0B | $302.1M | ||
| Q2 25 | $4.0B | $303.8M | ||
| Q1 25 | $4.0B | $293.8M | ||
| Q4 24 | $4.1B | $307.8M | ||
| Q3 24 | $4.1B | $309.3M | ||
| Q2 24 | $4.2B | $362.1M | ||
| Q1 24 | $4.0B | $382.1M |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | 1.40× | 3.50× | ||
| Q3 24 | 1.36× | 1.82× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $140.6M | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.6M | $-5.8M | ||
| Q3 25 | $35.8M | $-968.0K | ||
| Q2 25 | $50.1M | $-4.0M | ||
| Q1 25 | $3.7M | $-23.1M | ||
| Q4 24 | $198.1M | $6.8M | ||
| Q3 24 | $42.9M | $1.1M | ||
| Q2 24 | $66.8M | $-8.9M | ||
| Q1 24 | $23.4M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
