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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($161.1M vs $143.3M, roughly 1.1× Piedmont Realty Trust, Inc.). TREX CO INC 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 -3.9%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -34.3%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
PDM vs TREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $161.1M |
| Net Profit | $-45.0M | $2.3M |
| Gross Margin | — | 30.2% |
| Operating Margin | — | 2.2% |
| Net Margin | -31.4% | 1.4% |
| Revenue YoY | 0.4% | -3.9% |
| Net Profit YoY | -27.9% | -76.4% |
| EPS (diluted) | $-0.10 | $0.03 |
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 | $161.1M | ||
| Q3 25 | $139.2M | $285.3M | ||
| Q2 25 | $140.3M | $387.8M | ||
| Q1 25 | $142.7M | $340.0M | ||
| Q4 24 | $143.2M | $167.6M | ||
| Q3 24 | $139.3M | $233.7M | ||
| Q2 24 | $143.3M | $376.5M |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $2.3M | ||
| Q3 25 | $-13.5M | $51.8M | ||
| Q2 25 | $-16.8M | $75.9M | ||
| Q1 25 | $-10.1M | $60.4M | ||
| Q4 24 | $-30.0M | $9.8M | ||
| Q3 24 | $-11.5M | $40.6M | ||
| Q2 24 | $-9.8M | $87.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 31.1% |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 1.4% | ||
| Q3 25 | -9.7% | 18.1% | ||
| Q2 25 | -12.0% | 19.6% | ||
| Q1 25 | -7.1% | 17.8% | ||
| Q4 24 | -20.9% | 5.8% | ||
| Q3 24 | -8.3% | 17.4% | ||
| Q2 24 | -6.8% | 23.1% |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.03 | ||
| Q3 25 | $-0.11 | $0.48 | ||
| Q2 25 | $-0.14 | $0.71 | ||
| Q1 25 | $-0.08 | $0.56 | ||
| Q4 24 | $-0.25 | $0.10 | ||
| Q3 24 | $-0.09 | $0.37 | ||
| Q2 24 | $-0.08 | $0.80 |
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 | $3.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $1.0B |
| Total Assets | $4.0B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $3.8M | ||
| Q3 25 | $3.0M | $11.4M | ||
| Q2 25 | $3.3M | $5.5M | ||
| Q1 25 | $2.9M | $5.0M | ||
| Q4 24 | $109.6M | $1.3M | ||
| Q3 24 | $133.6M | $12.8M | ||
| Q2 24 | $138.5M | $1.2M |
| 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 | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $989.3M | ||
| Q1 25 | $1.6B | $910.1M | ||
| Q4 24 | $1.6B | $850.1M | ||
| Q3 24 | $1.6B | $887.9M | ||
| Q2 24 | $1.7B | $894.9M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $4.0B | $1.5B | ||
| Q1 25 | $4.0B | $1.6B | ||
| Q4 24 | $4.1B | $1.3B | ||
| Q3 24 | $4.1B | $1.3B | ||
| Q2 24 | $4.2B | $1.3B |
| 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 | — | $65.5M |
| Free Cash FlowOCF − Capex | — | $22.1M |
| FCF MarginFCF / Revenue | — | 13.7% |
| Capex IntensityCapex / Revenue | 110.3% | 26.9% |
| Cash ConversionOCF / Net Profit | — | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $65.5M | ||
| Q3 25 | $35.8M | $196.9M | ||
| Q2 25 | $50.1M | $249.8M | ||
| Q1 25 | $3.7M | $-154.0M | ||
| Q4 24 | $198.1M | $-8.5M | ||
| Q3 24 | $42.9M | $132.8M | ||
| Q2 24 | $66.8M | $193.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
