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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and 1ST SOURCE CORP (SRCE). Click either name above to swap in a different company.

Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $113.1M, roughly 1.3× 1ST SOURCE CORP). 1ST SOURCE CORP runs the higher net margin — 35.3% vs -31.4%, a 66.7% gap on every dollar of revenue. On growth, 1ST SOURCE CORP posted the faster year-over-year revenue change (8.7% vs 0.4%). Over the past eight quarters, 1ST SOURCE CORP's revenue compounded faster (7.8% 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.

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.

PDM vs SRCE — Head-to-Head

Bigger by revenue
PDM
PDM
1.3× larger
PDM
$143.3M
$113.1M
SRCE
Growing faster (revenue YoY)
SRCE
SRCE
+8.3% gap
SRCE
8.7%
0.4%
PDM
Higher net margin
SRCE
SRCE
66.7% more per $
SRCE
35.3%
-31.4%
PDM
Faster 2-yr revenue CAGR
SRCE
SRCE
Annualised
SRCE
7.8%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PDM
PDM
SRCE
SRCE
Revenue
$143.3M
$113.1M
Net Profit
$-45.0M
$40.0M
Gross Margin
Operating Margin
45.4%
Net Margin
-31.4%
35.3%
Revenue YoY
0.4%
8.7%
Net Profit YoY
-27.9%
6.5%
EPS (diluted)
$-0.10
$1.63

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
SRCE
SRCE
Q1 26
$143.3M
$113.1M
Q4 25
$142.9M
$110.8M
Q3 25
$139.2M
$110.7M
Q2 25
$140.3M
$108.2M
Q1 25
$142.7M
$104.0M
Q4 24
$143.2M
$97.8M
Q3 24
$139.3M
$97.9M
Q2 24
$143.3M
$97.3M
Net Profit
PDM
PDM
SRCE
SRCE
Q1 26
$-45.0M
$40.0M
Q4 25
$-43.2M
$41.1M
Q3 25
$-13.5M
$42.3M
Q2 25
$-16.8M
$37.3M
Q1 25
$-10.1M
$37.5M
Q4 24
$-30.0M
$31.4M
Q3 24
$-11.5M
$34.9M
Q2 24
$-9.8M
$36.8M
Operating Margin
PDM
PDM
SRCE
SRCE
Q1 26
45.4%
Q4 25
Q3 25
49.7%
Q2 25
44.5%
Q1 25
45.8%
Q4 24
Q3 24
46.3%
Q2 24
49.1%
Net Margin
PDM
PDM
SRCE
SRCE
Q1 26
-31.4%
35.3%
Q4 25
-30.3%
37.1%
Q3 25
-9.7%
38.2%
Q2 25
-12.0%
34.5%
Q1 25
-7.1%
36.1%
Q4 24
-20.9%
32.1%
Q3 24
-8.3%
35.7%
Q2 24
-6.8%
37.8%
EPS (diluted)
PDM
PDM
SRCE
SRCE
Q1 26
$-0.10
$1.63
Q4 25
$-0.34
$1.67
Q3 25
$-0.11
$1.71
Q2 25
$-0.14
$1.51
Q1 25
$-0.08
$1.52
Q4 24
$-0.25
$1.27
Q3 24
$-0.09
$1.41
Q2 24
$-0.08
$1.49

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
SRCE
SRCE
Cash + ST InvestmentsLiquidity on hand
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.3B
Total Assets
$4.0B
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
SRCE
SRCE
Q1 26
$2.3M
Q4 25
$731.0K
Q3 25
$3.0M
Q2 25
$3.3M
Q1 25
$2.9M
Q4 24
$109.6M
Q3 24
$133.6M
Q2 24
$138.5M
Total Debt
PDM
PDM
SRCE
SRCE
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
SRCE
SRCE
Q1 26
$1.5B
$1.3B
Q4 25
$1.5B
$1.3B
Q3 25
$1.5B
$1.2B
Q2 25
$1.5B
$1.2B
Q1 25
$1.6B
$1.2B
Q4 24
$1.6B
$1.1B
Q3 24
$1.6B
$1.1B
Q2 24
$1.7B
$1.0B
Total Assets
PDM
PDM
SRCE
SRCE
Q1 26
$4.0B
$9.1B
Q4 25
$4.0B
$9.1B
Q3 25
$4.0B
$9.1B
Q2 25
$4.0B
$9.1B
Q1 25
$4.0B
$9.0B
Q4 24
$4.1B
$8.9B
Q3 24
$4.1B
$8.8B
Q2 24
$4.2B
$8.9B
Debt / Equity
PDM
PDM
SRCE
SRCE
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
SRCE
SRCE
Operating Cash FlowLast quarter
$59.1M
Free Cash FlowOCF − Capex
$58.1M
FCF MarginFCF / Revenue
51.4%
Capex IntensityCapex / Revenue
110.3%
0.9%
Cash ConversionOCF / Net Profit
1.48×
TTM Free Cash FlowTrailing 4 quarters
$361.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
SRCE
SRCE
Q1 26
$59.1M
Q4 25
$140.6M
$223.1M
Q3 25
$35.8M
$51.0M
Q2 25
$50.1M
$44.9M
Q1 25
$3.7M
$71.8M
Q4 24
$198.1M
$193.9M
Q3 24
$42.9M
$68.4M
Q2 24
$66.8M
$50.0M
Free Cash Flow
PDM
PDM
SRCE
SRCE
Q1 26
$58.1M
Q4 25
$213.0M
Q3 25
$47.3M
Q2 25
$43.0M
Q1 25
$69.3M
Q4 24
$181.5M
Q3 24
$66.7M
Q2 24
$46.4M
FCF Margin
PDM
PDM
SRCE
SRCE
Q1 26
51.4%
Q4 25
192.2%
Q3 25
42.7%
Q2 25
39.8%
Q1 25
66.6%
Q4 24
185.5%
Q3 24
68.1%
Q2 24
47.7%
Capex Intensity
PDM
PDM
SRCE
SRCE
Q1 26
110.3%
0.9%
Q4 25
9.1%
Q3 25
3.4%
Q2 25
1.7%
Q1 25
2.4%
Q4 24
12.6%
Q3 24
1.7%
Q2 24
3.7%
Cash Conversion
PDM
PDM
SRCE
SRCE
Q1 26
1.48×
Q4 25
5.42×
Q3 25
1.21×
Q2 25
1.20×
Q1 25
1.91×
Q4 24
6.17×
Q3 24
1.96×
Q2 24
1.36×

Financial Flow Comparison

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

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