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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and PubMatic, Inc. (PUBM). 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 $62.6M, roughly 2.3× PubMatic, Inc.). PubMatic, Inc. runs the higher net margin — -20.0% vs -31.4%, a 11.4% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -2.0%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -3.6%).
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.
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
PDM vs PUBM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $62.6M |
| Net Profit | $-45.0M | $-12.5M |
| Gross Margin | — | 58.3% |
| Operating Margin | — | 17.3% |
| Net Margin | -31.4% | -20.0% |
| Revenue YoY | 0.4% | -2.0% |
| Net Profit YoY | -27.9% | -31.9% |
| EPS (diluted) | $-0.10 | $-0.27 |
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.
| Q1 26 | $143.3M | $62.6M | ||
| Q4 25 | $142.9M | $80.0M | ||
| Q3 25 | $139.2M | $68.0M | ||
| Q2 25 | $140.3M | $71.1M | ||
| Q1 25 | $142.7M | $63.8M | ||
| Q4 24 | $143.2M | $85.5M | ||
| Q3 24 | $139.3M | $71.8M | ||
| Q2 24 | $143.3M | $67.3M |
| Q1 26 | $-45.0M | $-12.5M | ||
| Q4 25 | $-43.2M | — | ||
| Q3 25 | $-13.5M | $-6.5M | ||
| Q2 25 | $-16.8M | $-5.2M | ||
| Q1 25 | $-10.1M | $-9.5M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $-11.5M | $-912.0K | ||
| Q2 24 | $-9.8M | $2.0M |
| Q1 26 | — | 58.3% | ||
| Q4 25 | — | 68.2% | ||
| Q3 25 | — | 62.6% | ||
| Q2 25 | — | 62.6% | ||
| Q1 25 | — | 59.9% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 64.5% | ||
| Q2 24 | — | 62.6% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | -12.4% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -18.6% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | -5.9% |
| Q1 26 | -31.4% | -20.0% | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -9.7% | -9.5% | ||
| Q2 25 | -12.0% | -7.3% | ||
| Q1 25 | -7.1% | -14.9% | ||
| Q4 24 | -20.9% | — | ||
| Q3 24 | -8.3% | -1.3% | ||
| Q2 24 | -6.8% | 2.9% |
| Q1 26 | $-0.10 | $-0.27 | ||
| Q4 25 | $-0.34 | $0.14 | ||
| Q3 25 | $-0.11 | $-0.14 | ||
| Q2 25 | $-0.14 | $-0.11 | ||
| Q1 25 | $-0.08 | $-0.20 | ||
| Q4 24 | $-0.25 | $0.26 | ||
| Q3 24 | $-0.09 | $-0.02 | ||
| Q2 24 | $-0.08 | $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 | $2.3M | $144.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $251.0M |
| Total Assets | $4.0B | $659.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | $144.9M | ||
| Q4 25 | $731.0K | $145.5M | ||
| Q3 25 | $3.0M | $136.5M | ||
| Q2 25 | $3.3M | $90.5M | ||
| Q1 25 | $2.9M | $101.8M | ||
| Q4 24 | $109.6M | $100.5M | ||
| Q3 24 | $133.6M | $78.9M | ||
| Q2 24 | $138.5M | $73.5M |
| Q1 26 | — | — | ||
| 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 26 | $1.5B | $251.0M | ||
| Q4 25 | $1.5B | $262.6M | ||
| Q3 25 | $1.5B | $245.1M | ||
| Q2 25 | $1.5B | $243.3M | ||
| Q1 25 | $1.6B | $275.6M | ||
| Q4 24 | $1.6B | $277.3M | ||
| Q3 24 | $1.6B | $263.2M | ||
| Q2 24 | $1.7B | $282.7M |
| Q1 26 | $4.0B | $659.4M | ||
| Q4 25 | $4.0B | $680.2M | ||
| Q3 25 | $4.0B | $676.2M | ||
| Q2 25 | $4.0B | $675.2M | ||
| Q1 25 | $4.0B | $668.6M | ||
| Q4 24 | $4.1B | $739.5M | ||
| Q3 24 | $4.1B | $689.1M | ||
| Q2 24 | $4.2B | $673.1M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $17.3M |
| Free Cash FlowOCF − Capex | — | $10.7M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | 110.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.3M | ||
| Q4 25 | $140.6M | $18.2M | ||
| Q3 25 | $35.8M | $32.4M | ||
| Q2 25 | $50.1M | $14.9M | ||
| Q1 25 | $3.7M | $15.6M | ||
| Q4 24 | $198.1M | $18.0M | ||
| Q3 24 | $42.9M | $19.1M | ||
| Q2 24 | $66.8M | $11.9M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $13.6M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | — | $7.4M | ||
| Q2 24 | — | $11.2M |
| Q1 26 | — | 17.1% | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 40.8% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 16.7% |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
