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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and TRUSTMARK CORP (TRMK). Click either name above to swap in a different company.
TRUSTMARK CORP is the larger business by last-quarter revenue ($204.1M vs $143.3M, roughly 1.4× Piedmont Realty Trust, Inc.). TRUSTMARK CORP runs the higher net margin — 28.4% vs -31.4%, a 59.8% gap on every dollar of revenue. On growth, TRUSTMARK CORP posted the faster year-over-year revenue change (4.5% vs 0.4%). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% 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.
Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.
PDM vs TRMK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $204.1M |
| Net Profit | $-45.0M | $57.9M |
| Gross Margin | — | — |
| Operating Margin | — | 34.7% |
| Net Margin | -31.4% | 28.4% |
| Revenue YoY | 0.4% | 4.5% |
| Net Profit YoY | -27.9% | 2.8% |
| EPS (diluted) | $-0.10 | $0.96 |
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 | $204.1M | ||
| Q3 25 | $139.2M | $202.4M | ||
| Q2 25 | $140.3M | $198.6M | ||
| Q1 25 | $142.7M | $194.6M | ||
| Q4 24 | $143.2M | $155.8M | ||
| Q3 24 | $139.3M | $192.3M | ||
| Q2 24 | $143.3M | $141.0M |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $57.9M | ||
| Q3 25 | $-13.5M | $56.8M | ||
| Q2 25 | $-16.8M | $55.8M | ||
| Q1 25 | $-10.1M | $53.6M | ||
| Q4 24 | $-30.0M | $56.3M | ||
| Q3 24 | $-11.5M | $51.3M | ||
| Q2 24 | $-9.8M | $73.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.7% | ||
| Q3 25 | — | 34.5% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 33.6% | ||
| Q4 24 | — | 41.6% | ||
| Q3 24 | — | 32.5% | ||
| Q2 24 | — | -98.1% |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 28.4% | ||
| Q3 25 | -9.7% | 28.1% | ||
| Q2 25 | -12.0% | 28.1% | ||
| Q1 25 | -7.1% | 27.6% | ||
| Q4 24 | -20.9% | 36.1% | ||
| Q3 24 | -8.3% | 26.7% | ||
| Q2 24 | -6.8% | 52.4% |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.96 | ||
| Q3 25 | $-0.11 | $0.94 | ||
| Q2 25 | $-0.14 | $0.92 | ||
| Q1 25 | $-0.08 | $0.88 | ||
| Q4 24 | $-0.25 | $0.91 | ||
| Q3 24 | $-0.09 | $0.84 | ||
| Q2 24 | $-0.08 | $1.20 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $2.1B |
| Total Assets | $4.0B | $18.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| 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 | $2.1B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.7B | $1.9B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $18.9B | ||
| Q3 25 | $4.0B | $18.8B | ||
| Q2 25 | $4.0B | $18.6B | ||
| Q1 25 | $4.0B | $18.3B | ||
| Q4 24 | $4.1B | $18.2B | ||
| Q3 24 | $4.1B | $18.5B | ||
| Q2 24 | $4.2B | $18.5B |
| 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 | — | $243.9M |
| Free Cash FlowOCF − Capex | — | $232.0M |
| FCF MarginFCF / Revenue | — | 113.6% |
| Capex IntensityCapex / Revenue | 110.3% | 5.9% |
| Cash ConversionOCF / Net Profit | — | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $409.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $243.9M | ||
| Q3 25 | $35.8M | $66.2M | ||
| Q2 25 | $50.1M | $37.6M | ||
| Q1 25 | $3.7M | $82.4M | ||
| Q4 24 | $198.1M | $116.9M | ||
| Q3 24 | $42.9M | $59.5M | ||
| Q2 24 | $66.8M | $16.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $232.0M | ||
| Q3 25 | — | $62.7M | ||
| Q2 25 | — | $34.5M | ||
| Q1 25 | — | $80.6M | ||
| Q4 24 | — | $93.4M | ||
| Q3 24 | — | $51.2M | ||
| Q2 24 | — | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 113.6% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 41.4% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.21× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 2.08× | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 0.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
