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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $143.3M, roughly 1.6× Piedmont Realty Trust, Inc.). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -31.4%, a 33.7% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -12.3%). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
PDM vs RLGT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $232.1M |
| Net Profit | $-45.0M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | — | 3.2% |
| Net Margin | -31.4% | 2.3% |
| Revenue YoY | 0.4% | -12.3% |
| Net Profit YoY | -27.9% | -18.0% |
| EPS (diluted) | $-0.10 | $0.11 |
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 | — | ||
| Q4 25 | $142.9M | $232.1M | ||
| Q3 25 | $139.2M | $226.7M | ||
| Q2 25 | $140.3M | $220.6M | ||
| Q1 25 | $142.7M | $214.0M | ||
| Q4 24 | $143.2M | $264.5M | ||
| Q3 24 | $139.3M | $203.6M | ||
| Q2 24 | $143.3M | $206.0M |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $5.3M | ||
| Q3 25 | $-13.5M | $1.3M | ||
| Q2 25 | $-16.8M | $4.9M | ||
| Q1 25 | $-10.1M | $2.5M | ||
| Q4 24 | $-30.0M | $6.5M | ||
| Q3 24 | $-11.5M | $3.4M | ||
| Q2 24 | $-9.8M | $4.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 2.3% | ||
| Q3 25 | -9.7% | 0.6% | ||
| Q2 25 | -12.0% | 2.2% | ||
| Q1 25 | -7.1% | 1.2% | ||
| Q4 24 | -20.9% | 2.4% | ||
| Q3 24 | -8.3% | 1.7% | ||
| Q2 24 | -6.8% | 2.3% |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.11 | ||
| Q3 25 | $-0.11 | $0.03 | ||
| Q2 25 | $-0.14 | $0.10 | ||
| Q1 25 | $-0.08 | $0.05 | ||
| Q4 24 | $-0.25 | $0.13 | ||
| Q3 24 | $-0.09 | $0.07 | ||
| Q2 24 | $-0.08 | $0.11 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $229.8M |
| Total Assets | $4.0B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $31.9M | ||
| Q3 25 | $3.0M | $28.1M | ||
| Q2 25 | $3.3M | $22.9M | ||
| Q1 25 | $2.9M | $19.0M | ||
| Q4 24 | $109.6M | $19.9M | ||
| Q3 24 | $133.6M | $10.4M | ||
| Q2 24 | $138.5M | $24.9M |
| 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 | — | ||
| Q4 25 | $1.5B | $229.8M | ||
| Q3 25 | $1.5B | $225.7M | ||
| Q2 25 | $1.5B | $226.0M | ||
| Q1 25 | $1.6B | $218.2M | ||
| Q4 24 | $1.6B | $214.4M | ||
| Q3 24 | $1.6B | $212.4M | ||
| Q2 24 | $1.7B | $209.4M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $439.4M | ||
| Q3 25 | $4.0B | $445.3M | ||
| Q2 25 | $4.0B | $426.8M | ||
| Q1 25 | $4.0B | $414.5M | ||
| Q4 24 | $4.1B | $386.8M | ||
| Q3 24 | $4.1B | $375.3M | ||
| Q2 24 | $4.2B | $371.2M |
| 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 | — | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | 110.3% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $12.4M | ||
| Q3 25 | $35.8M | $2.5M | ||
| Q2 25 | $50.1M | $3.1M | ||
| Q1 25 | $3.7M | $-5.7M | ||
| Q4 24 | $198.1M | $15.7M | ||
| Q3 24 | $42.9M | $205.0K | ||
| Q2 24 | $66.8M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
