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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). Piedmont Realty Trust, Inc. runs the higher net margin — -31.4% vs -62.0%, a 30.6% gap on every dollar of revenue.
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
PDM vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $210.5M |
| Net Profit | $-45.0M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | — | -45.0% |
| Net Margin | -31.4% | -62.0% |
| Revenue YoY | 0.4% | — |
| Net Profit YoY | -27.9% | -375.2% |
| EPS (diluted) | $-0.10 | $-0.87 |
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 | — | ||
| Q3 25 | $139.2M | $210.5M | ||
| Q2 25 | $140.3M | $132.8M | ||
| Q1 25 | $142.7M | $53.5M | ||
| Q4 24 | $143.2M | — | ||
| Q3 24 | $139.3M | $0 | ||
| Q2 24 | $143.3M | $0 |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | — | ||
| Q3 25 | $-13.5M | $-130.6M | ||
| Q2 25 | $-16.8M | $-31.9M | ||
| Q1 25 | $-10.1M | $-16.2M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $-11.5M | $-27.5M | ||
| Q2 24 | $-9.8M | $-27.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -45.0% | ||
| Q2 25 | — | -22.0% | ||
| Q1 25 | — | -44.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -9.7% | -62.0% | ||
| Q2 25 | -12.0% | -24.0% | ||
| Q1 25 | -7.1% | -30.4% | ||
| Q4 24 | -20.9% | — | ||
| Q3 24 | -8.3% | — | ||
| Q2 24 | -6.8% | — |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-0.11 | $-0.87 | ||
| Q2 25 | $-0.14 | $-0.21 | ||
| Q1 25 | $-0.08 | $-0.11 | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.09 | $-0.20 | ||
| Q2 24 | $-0.08 | $-0.19 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $1.5B | $96.9M |
| Total Assets | $4.0B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | — | ||
| Q3 25 | $3.0M | $34.1M | ||
| Q2 25 | $3.3M | $8.5M | ||
| Q1 25 | $2.9M | $48.9M | ||
| Q4 24 | $109.6M | — | ||
| Q3 24 | $133.6M | $181.9M | ||
| Q2 24 | $138.5M | $219.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $547.3M | ||
| Q2 25 | $2.2B | $591.2M | ||
| Q1 25 | $2.2B | $603.2M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $96.9M | ||
| Q2 25 | $1.5B | $183.9M | ||
| Q1 25 | $1.6B | $201.9M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $538.7M | ||
| Q2 24 | $1.7B | $561.6M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $1.4B | ||
| Q2 25 | $4.0B | $1.4B | ||
| Q1 25 | $4.0B | $1.4B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | $615.0M | ||
| Q2 24 | $4.2B | $644.4M |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 1.43× | 5.65× | ||
| Q2 25 | 1.41× | 3.21× | ||
| Q1 25 | 1.40× | 2.99× | ||
| 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 | — | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | 110.3% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | — | ||
| Q3 25 | $35.8M | $63.9M | ||
| Q2 25 | $50.1M | $33.4M | ||
| Q1 25 | $3.7M | $-44.8M | ||
| Q4 24 | $198.1M | — | ||
| Q3 24 | $42.9M | $-28.4M | ||
| Q2 24 | $66.8M | $-28.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $10.6M | ||
| Q1 25 | — | $-74.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-34.0M | ||
| Q2 24 | — | $-35.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 26.1% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -138.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 54.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
