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

QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $143.3M, roughly 1.2× Piedmont Realty Trust, Inc.). QUALYS, INC. runs the higher net margin — 30.3% vs -31.4%, a 61.7% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs 0.4%). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs 0.0%).

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.

Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.

PDM vs QLYS — Head-to-Head

Bigger by revenue
QLYS
QLYS
1.2× larger
QLYS
$175.3M
$143.3M
PDM
Growing faster (revenue YoY)
QLYS
QLYS
+9.7% gap
QLYS
10.1%
0.4%
PDM
Higher net margin
QLYS
QLYS
61.7% more per $
QLYS
30.3%
-31.4%
PDM
Faster 2-yr revenue CAGR
QLYS
QLYS
Annualised
QLYS
9.6%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PDM
PDM
QLYS
QLYS
Revenue
$143.3M
$175.3M
Net Profit
$-45.0M
$53.1M
Gross Margin
83.4%
Operating Margin
33.6%
Net Margin
-31.4%
30.3%
Revenue YoY
0.4%
10.1%
Net Profit YoY
-27.9%
20.9%
EPS (diluted)
$-0.10
$1.47

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
QLYS
QLYS
Q1 26
$143.3M
Q4 25
$142.9M
$175.3M
Q3 25
$139.2M
$169.9M
Q2 25
$140.3M
$164.1M
Q1 25
$142.7M
$159.9M
Q4 24
$143.2M
$159.2M
Q3 24
$139.3M
$153.9M
Q2 24
$143.3M
$148.7M
Net Profit
PDM
PDM
QLYS
QLYS
Q1 26
$-45.0M
Q4 25
$-43.2M
$53.1M
Q3 25
$-13.5M
$50.3M
Q2 25
$-16.8M
$47.3M
Q1 25
$-10.1M
$47.5M
Q4 24
$-30.0M
$44.0M
Q3 24
$-11.5M
$46.2M
Q2 24
$-9.8M
$43.8M
Gross Margin
PDM
PDM
QLYS
QLYS
Q1 26
Q4 25
83.4%
Q3 25
83.6%
Q2 25
82.4%
Q1 25
81.9%
Q4 24
81.8%
Q3 24
81.3%
Q2 24
82.2%
Operating Margin
PDM
PDM
QLYS
QLYS
Q1 26
Q4 25
33.6%
Q3 25
35.3%
Q2 25
31.3%
Q1 25
32.4%
Q4 24
31.0%
Q3 24
29.2%
Q2 24
32.3%
Net Margin
PDM
PDM
QLYS
QLYS
Q1 26
-31.4%
Q4 25
-30.3%
30.3%
Q3 25
-9.7%
29.6%
Q2 25
-12.0%
28.8%
Q1 25
-7.1%
29.7%
Q4 24
-20.9%
27.6%
Q3 24
-8.3%
30.0%
Q2 24
-6.8%
29.4%
EPS (diluted)
PDM
PDM
QLYS
QLYS
Q1 26
$-0.10
Q4 25
$-0.34
$1.47
Q3 25
$-0.11
$1.39
Q2 25
$-0.14
$1.29
Q1 25
$-0.08
$1.29
Q4 24
$-0.25
$1.19
Q3 24
$-0.09
$1.24
Q2 24
$-0.08
$1.17

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
QLYS
QLYS
Cash + ST InvestmentsLiquidity on hand
$2.3M
$250.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$561.2M
Total Assets
$4.0B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
QLYS
QLYS
Q1 26
$2.3M
Q4 25
$731.0K
$250.3M
Q3 25
$3.0M
$225.3M
Q2 25
$3.3M
$194.0M
Q1 25
$2.9M
$290.7M
Q4 24
$109.6M
$232.2M
Q3 24
$133.6M
$235.4M
Q2 24
$138.5M
$281.2M
Total Debt
PDM
PDM
QLYS
QLYS
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
Stockholders' Equity
PDM
PDM
QLYS
QLYS
Q1 26
$1.5B
Q4 25
$1.5B
$561.2M
Q3 25
$1.5B
$529.4M
Q2 25
$1.5B
$508.2M
Q1 25
$1.6B
$498.0M
Q4 24
$1.6B
$477.1M
Q3 24
$1.6B
$449.6M
Q2 24
$1.7B
$427.8M
Total Assets
PDM
PDM
QLYS
QLYS
Q1 26
$4.0B
Q4 25
$4.0B
$1.1B
Q3 25
$4.0B
$1.0B
Q2 25
$4.0B
$999.5M
Q1 25
$4.0B
$996.5M
Q4 24
$4.1B
$973.5M
Q3 24
$4.1B
$908.3M
Q2 24
$4.2B
$876.6M
Debt / Equity
PDM
PDM
QLYS
QLYS
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
PDM
PDM
QLYS
QLYS
Operating Cash FlowLast quarter
$75.7M
Free Cash FlowOCF − Capex
$74.9M
FCF MarginFCF / Revenue
42.8%
Capex IntensityCapex / Revenue
110.3%
0.4%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$304.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
QLYS
QLYS
Q1 26
Q4 25
$140.6M
$75.7M
Q3 25
$35.8M
$90.4M
Q2 25
$50.1M
$33.8M
Q1 25
$3.7M
$109.6M
Q4 24
$198.1M
$47.7M
Q3 24
$42.9M
$61.0M
Q2 24
$66.8M
$49.8M
Free Cash Flow
PDM
PDM
QLYS
QLYS
Q1 26
Q4 25
$74.9M
Q3 25
$89.5M
Q2 25
$32.4M
Q1 25
$107.5M
Q4 24
$41.9M
Q3 24
$57.6M
Q2 24
$48.8M
FCF Margin
PDM
PDM
QLYS
QLYS
Q1 26
Q4 25
42.8%
Q3 25
52.7%
Q2 25
19.8%
Q1 25
67.3%
Q4 24
26.3%
Q3 24
37.4%
Q2 24
32.8%
Capex Intensity
PDM
PDM
QLYS
QLYS
Q1 26
110.3%
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.8%
Q1 25
1.3%
Q4 24
3.7%
Q3 24
2.2%
Q2 24
0.7%
Cash Conversion
PDM
PDM
QLYS
QLYS
Q1 26
Q4 25
1.42×
Q3 25
1.80×
Q2 25
0.71×
Q1 25
2.31×
Q4 24
1.09×
Q3 24
1.32×
Q2 24
1.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

QLYS
QLYS

Sales Channel Through Intermediary$88.6M51%
Sales Channel Directly To Consumer$86.7M49%

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