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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and REX AMERICAN RESOURCES Corp (REX). Click either name above to swap in a different company.

REX AMERICAN RESOURCES Corp is the larger business by last-quarter revenue ($175.6M vs $143.3M, roughly 1.2× Piedmont Realty Trust, Inc.). REX AMERICAN RESOURCES Corp runs the higher net margin — 15.6% vs -31.4%, a 47.0% gap on every dollar of revenue. On growth, REX AMERICAN RESOURCES Corp posted the faster year-over-year revenue change (0.4% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -3.2%).

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.

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

PDM vs REX — Head-to-Head

Bigger by revenue
REX
REX
1.2× larger
REX
$175.6M
$143.3M
PDM
Growing faster (revenue YoY)
REX
REX
+0.0% gap
REX
0.4%
0.4%
PDM
Higher net margin
REX
REX
47.0% more per $
REX
15.6%
-31.4%
PDM
Faster 2-yr revenue CAGR
PDM
PDM
Annualised
PDM
0.0%
-3.2%
REX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
PDM
PDM
REX
REX
Revenue
$143.3M
$175.6M
Net Profit
$-45.0M
$27.5M
Gross Margin
20.6%
Operating Margin
20.2%
Net Margin
-31.4%
15.6%
Revenue YoY
0.4%
0.4%
Net Profit YoY
-27.9%
-8.7%
EPS (diluted)
$-0.10
$0.71

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
REX
REX
Q1 26
$143.3M
Q4 25
$142.9M
$175.6M
Q3 25
$139.2M
$158.6M
Q2 25
$140.3M
$158.3M
Q1 25
$142.7M
$158.2M
Q4 24
$143.2M
$174.9M
Q3 24
$139.3M
$148.2M
Q2 24
$143.3M
$161.2M
Net Profit
PDM
PDM
REX
REX
Q1 26
$-45.0M
Q4 25
$-43.2M
$27.5M
Q3 25
$-13.5M
$9.3M
Q2 25
$-16.8M
$10.7M
Q1 25
$-10.1M
$14.1M
Q4 24
$-30.0M
$30.1M
Q3 24
$-11.5M
$15.0M
Q2 24
$-9.8M
$12.3M
Gross Margin
PDM
PDM
REX
REX
Q1 26
Q4 25
20.6%
Q3 25
9.0%
Q2 25
9.1%
Q1 25
11.1%
Q4 24
22.7%
Q3 24
13.3%
Q2 24
9.0%
Operating Margin
PDM
PDM
REX
REX
Q1 26
Q4 25
20.2%
Q3 25
Q2 25
Q1 25
11.3%
Q4 24
22.6%
Q3 24
13.2%
Q2 24
9.9%
Net Margin
PDM
PDM
REX
REX
Q1 26
-31.4%
Q4 25
-30.3%
15.6%
Q3 25
-9.7%
5.9%
Q2 25
-12.0%
6.7%
Q1 25
-7.1%
8.9%
Q4 24
-20.9%
17.2%
Q3 24
-8.3%
10.1%
Q2 24
-6.8%
7.6%
EPS (diluted)
PDM
PDM
REX
REX
Q1 26
$-0.10
Q4 25
$-0.34
$0.71
Q3 25
$-0.11
$0.43
Q2 25
$-0.14
$0.51
Q1 25
$-0.08
$-0.32
Q4 24
$-0.25
$0.69
Q3 24
$-0.09
$0.70
Q2 24
$-0.08
$0.58

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
REX
REX
Cash + ST InvestmentsLiquidity on hand
$2.3M
$335.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$566.9M
Total Assets
$4.0B
$750.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
REX
REX
Q1 26
$2.3M
Q4 25
$731.0K
$335.5M
Q3 25
$3.0M
$310.5M
Q2 25
$3.3M
$315.9M
Q1 25
$2.9M
$359.1M
Q4 24
$109.6M
$365.1M
Q3 24
$133.6M
$346.0M
Q2 24
$138.5M
$351.8M
Total Debt
PDM
PDM
REX
REX
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
REX
REX
Q1 26
$1.5B
Q4 25
$1.5B
$566.9M
Q3 25
$1.5B
$545.8M
Q2 25
$1.5B
$536.4M
Q1 25
$1.6B
$560.3M
Q4 24
$1.6B
$564.5M
Q3 24
$1.6B
$539.6M
Q2 24
$1.7B
$524.5M
Total Assets
PDM
PDM
REX
REX
Q1 26
$4.0B
Q4 25
$4.0B
$750.1M
Q3 25
$4.0B
$700.6M
Q2 25
$4.0B
$693.8M
Q1 25
$4.0B
$720.0M
Q4 24
$4.1B
$715.7M
Q3 24
$4.1B
$680.0M
Q2 24
$4.2B
$671.0M
Debt / Equity
PDM
PDM
REX
REX
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
REX
REX
Operating Cash FlowLast quarter
$51.2M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
110.3%
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
REX
REX
Q1 26
Q4 25
$140.6M
$51.2M
Q3 25
$35.8M
$16.3M
Q2 25
$50.1M
$-3.5M
Q1 25
$3.7M
$25.1M
Q4 24
$198.1M
$33.4M
Q3 24
$42.9M
$8.0M
Q2 24
$66.8M
$-2.3M
Free Cash Flow
PDM
PDM
REX
REX
Q1 26
Q4 25
$24.5M
Q3 25
$-5.7M
Q2 25
$-10.4M
Q1 25
$9.2M
Q4 24
$18.2M
Q3 24
$-7.4M
Q2 24
$-27.1M
FCF Margin
PDM
PDM
REX
REX
Q1 26
Q4 25
14.0%
Q3 25
-3.6%
Q2 25
-6.6%
Q1 25
5.8%
Q4 24
10.4%
Q3 24
-5.0%
Q2 24
-16.8%
Capex Intensity
PDM
PDM
REX
REX
Q1 26
110.3%
Q4 25
15.2%
Q3 25
13.9%
Q2 25
4.4%
Q1 25
10.0%
Q4 24
8.7%
Q3 24
10.4%
Q2 24
15.4%
Cash Conversion
PDM
PDM
REX
REX
Q1 26
Q4 25
1.87×
Q3 25
1.75×
Q2 25
-0.33×
Q1 25
1.78×
Q4 24
1.11×
Q3 24
0.53×
Q2 24
-0.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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