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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Rapid7, Inc. (RPD). Click either name above to swap in a different company.

Rapid7, Inc. is the larger business by last-quarter revenue ($217.4M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). Rapid7, Inc. runs the higher net margin — 1.4% vs -31.4%, a 32.8% gap on every dollar of revenue. On growth, Rapid7, Inc. posted the faster year-over-year revenue change (0.5% vs 0.4%). Over the past eight quarters, Rapid7, Inc.'s revenue compounded faster (3.0% 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.

Rapid7, Inc. is a leading global cybersecurity company that offers a full portfolio of solutions including vulnerability management, threat detection and response, cloud security, and security analytics. It serves enterprises, SMBs, and public sector entities across industries like tech, healthcare, finance, and manufacturing worldwide, helping clients address and mitigate cyber risks efficiently.

PDM vs RPD — Head-to-Head

Bigger by revenue
RPD
RPD
1.5× larger
RPD
$217.4M
$143.3M
PDM
Growing faster (revenue YoY)
RPD
RPD
+0.1% gap
RPD
0.5%
0.4%
PDM
Higher net margin
RPD
RPD
32.8% more per $
RPD
1.4%
-31.4%
PDM
Faster 2-yr revenue CAGR
RPD
RPD
Annualised
RPD
3.0%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PDM
PDM
RPD
RPD
Revenue
$143.3M
$217.4M
Net Profit
$-45.0M
$3.1M
Gross Margin
68.9%
Operating Margin
1.0%
Net Margin
-31.4%
1.4%
Revenue YoY
0.4%
0.5%
Net Profit YoY
-27.9%
44.1%
EPS (diluted)
$-0.10
$0.05

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
RPD
RPD
Q1 26
$143.3M
Q4 25
$142.9M
$217.4M
Q3 25
$139.2M
$218.0M
Q2 25
$140.3M
$214.2M
Q1 25
$142.7M
$210.3M
Q4 24
$143.2M
$216.3M
Q3 24
$139.3M
$214.7M
Q2 24
$143.3M
$208.0M
Net Profit
PDM
PDM
RPD
RPD
Q1 26
$-45.0M
Q4 25
$-43.2M
$3.1M
Q3 25
$-13.5M
$9.8M
Q2 25
$-16.8M
$8.3M
Q1 25
$-10.1M
$2.1M
Q4 24
$-30.0M
$2.2M
Q3 24
$-11.5M
$15.4M
Q2 24
$-9.8M
$6.5M
Gross Margin
PDM
PDM
RPD
RPD
Q1 26
Q4 25
68.9%
Q3 25
70.2%
Q2 25
70.6%
Q1 25
71.7%
Q4 24
69.5%
Q3 24
70.6%
Q2 24
70.7%
Operating Margin
PDM
PDM
RPD
RPD
Q1 26
Q4 25
1.0%
Q3 25
2.7%
Q2 25
1.6%
Q1 25
-0.0%
Q4 24
3.4%
Q3 24
6.0%
Q2 24
2.5%
Net Margin
PDM
PDM
RPD
RPD
Q1 26
-31.4%
Q4 25
-30.3%
1.4%
Q3 25
-9.7%
4.5%
Q2 25
-12.0%
3.9%
Q1 25
-7.1%
1.0%
Q4 24
-20.9%
1.0%
Q3 24
-8.3%
7.2%
Q2 24
-6.8%
3.1%
EPS (diluted)
PDM
PDM
RPD
RPD
Q1 26
$-0.10
Q4 25
$-0.34
$0.05
Q3 25
$-0.11
$0.15
Q2 25
$-0.14
$0.13
Q1 25
$-0.08
$0.03
Q4 24
$-0.25
$0.08
Q3 24
$-0.09
$0.21
Q2 24
$-0.08
$0.09

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
RPD
RPD
Cash + ST InvestmentsLiquidity on hand
$2.3M
$474.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$154.7M
Total Assets
$4.0B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
RPD
RPD
Q1 26
$2.3M
Q4 25
$731.0K
$474.7M
Q3 25
$3.0M
$407.1M
Q2 25
$3.3M
$511.7M
Q1 25
$2.9M
$493.5M
Q4 24
$109.6M
$521.7M
Q3 24
$133.6M
$443.7M
Q2 24
$138.5M
$442.6M
Total Debt
PDM
PDM
RPD
RPD
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
RPD
RPD
Q1 26
$1.5B
Q4 25
$1.5B
$154.7M
Q3 25
$1.5B
$127.2M
Q2 25
$1.5B
$90.4M
Q1 25
$1.6B
$52.7M
Q4 24
$1.6B
$17.7M
Q3 24
$1.6B
$-5.1M
Q2 24
$1.7B
$-52.6M
Total Assets
PDM
PDM
RPD
RPD
Q1 26
$4.0B
Q4 25
$4.0B
$1.7B
Q3 25
$4.0B
$1.7B
Q2 25
$4.0B
$1.6B
Q1 25
$4.0B
$1.6B
Q4 24
$4.1B
$1.7B
Q3 24
$4.1B
$1.6B
Q2 24
$4.2B
$1.5B
Debt / Equity
PDM
PDM
RPD
RPD
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
RPD
RPD
Operating Cash FlowLast quarter
$37.6M
Free Cash FlowOCF − Capex
$36.4M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
110.3%
0.5%
Cash ConversionOCF / Net Profit
12.01×
TTM Free Cash FlowTrailing 4 quarters
$146.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
RPD
RPD
Q1 26
Q4 25
$140.6M
$37.6M
Q3 25
$35.8M
$39.0M
Q2 25
$50.1M
$47.5M
Q1 25
$3.7M
$29.8M
Q4 24
$198.1M
$63.8M
Q3 24
$42.9M
$44.0M
Q2 24
$66.8M
$32.9M
Free Cash Flow
PDM
PDM
RPD
RPD
Q1 26
Q4 25
$36.4M
Q3 25
$34.8M
Q2 25
$46.6M
Q1 25
$28.4M
Q4 24
$62.6M
Q3 24
$42.6M
Q2 24
$32.6M
FCF Margin
PDM
PDM
RPD
RPD
Q1 26
Q4 25
16.8%
Q3 25
16.0%
Q2 25
21.8%
Q1 25
13.5%
Q4 24
28.9%
Q3 24
19.9%
Q2 24
15.7%
Capex Intensity
PDM
PDM
RPD
RPD
Q1 26
110.3%
Q4 25
0.5%
Q3 25
1.9%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.5%
Q3 24
0.6%
Q2 24
0.1%
Cash Conversion
PDM
PDM
RPD
RPD
Q1 26
Q4 25
12.01×
Q3 25
3.97×
Q2 25
5.70×
Q1 25
14.14×
Q4 24
29.36×
Q3 24
2.85×
Q2 24
5.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

RPD
RPD

Products$209.1M96%
Services$8.2M4%

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