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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $143.3M, roughly 1.8× Piedmont Realty Trust, Inc.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -31.4%, a 32.8% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PDM vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $260.4M |
| Net Profit | $-45.0M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | — | 6.5% |
| Net Margin | -31.4% | 1.4% |
| Revenue YoY | 0.4% | -9.4% |
| Net Profit YoY | -27.9% | -14.3% |
| EPS (diluted) | $-0.10 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $139.2M | $262.0M | ||
| Q2 25 | $140.3M | $223.9M | ||
| Q1 25 | $142.7M | $224.7M | ||
| Q4 24 | $143.2M | $287.5M | ||
| Q3 24 | $139.3M | $277.8M | ||
| Q2 24 | $143.3M | $220.9M |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $3.5M | ||
| Q3 25 | $-13.5M | $2.1M | ||
| Q2 25 | $-16.8M | $2.4M | ||
| Q1 25 | $-10.1M | $2.7M | ||
| Q4 24 | $-30.0M | $4.1M | ||
| Q3 24 | $-11.5M | $5.3M | ||
| Q2 24 | $-9.8M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 1.4% | ||
| Q3 25 | -9.7% | 0.8% | ||
| Q2 25 | -12.0% | 1.1% | ||
| Q1 25 | -7.1% | 1.2% | ||
| Q4 24 | -20.9% | 1.4% | ||
| Q3 24 | -8.3% | 1.9% | ||
| Q2 24 | -6.8% | 1.7% |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.39 | ||
| Q3 25 | $-0.11 | $0.24 | ||
| Q2 25 | $-0.14 | $0.26 | ||
| Q1 25 | $-0.08 | $0.30 | ||
| Q4 24 | $-0.25 | $0.50 | ||
| Q3 24 | $-0.09 | $0.58 | ||
| Q2 24 | $-0.08 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $86.7M |
| Total Assets | $4.0B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $12.7M | ||
| Q3 25 | $3.0M | $14.8M | ||
| Q2 25 | $3.3M | $16.8M | ||
| Q1 25 | $2.9M | $12.7M | ||
| Q4 24 | $109.6M | $22.4M | ||
| Q3 24 | $133.6M | $23.7M | ||
| Q2 24 | $138.5M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $1.5B | $82.2M | ||
| Q2 25 | $1.5B | $80.0M | ||
| Q1 25 | $1.6B | $76.9M | ||
| Q4 24 | $1.6B | $73.6M | ||
| Q3 24 | $1.6B | $68.4M | ||
| Q2 24 | $1.7B | $62.1M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $557.6M | ||
| Q3 25 | $4.0B | $571.6M | ||
| Q2 25 | $4.0B | $570.2M | ||
| Q1 25 | $4.0B | $513.9M | ||
| Q4 24 | $4.1B | $475.9M | ||
| Q3 24 | $4.1B | $460.1M | ||
| Q2 24 | $4.2B | $429.3M |
| 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 | — | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | 110.3% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $9.8M | ||
| Q3 25 | $35.8M | $22.8M | ||
| Q2 25 | $50.1M | $-28.9M | ||
| Q1 25 | $3.7M | $-34.9M | ||
| Q4 24 | $198.1M | $5.5M | ||
| Q3 24 | $42.9M | $22.9M | ||
| Q2 24 | $66.8M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
