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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Telesat Corp (TSAT). 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 $73.8M, roughly 1.9× Telesat Corp). Piedmont Realty Trust, Inc. runs the higher net margin — -31.4% vs -119.8%, a 88.4% gap on every dollar of revenue. Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% CAGR vs -64.0%).

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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

PDM vs TSAT — Head-to-Head

Bigger by revenue
PDM
PDM
1.9× larger
PDM
$143.3M
$73.8M
TSAT
Higher net margin
PDM
PDM
88.4% more per $
PDM
-31.4%
-119.8%
TSAT
Faster 2-yr revenue CAGR
PDM
PDM
Annualised
PDM
0.0%
-64.0%
TSAT

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
PDM
PDM
TSAT
TSAT
Revenue
$143.3M
$73.8M
Net Profit
$-45.0M
$-88.4M
Gross Margin
95.3%
Operating Margin
5.9%
Net Margin
-31.4%
-119.8%
Revenue YoY
0.4%
Net Profit YoY
-27.9%
EPS (diluted)
$-0.10

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
TSAT
TSAT
Q1 26
$143.3M
Q4 25
$142.9M
Q3 25
$139.2M
$73.8M
Q2 25
$140.3M
$77.5M
Q1 25
$142.7M
$152.2M
Q4 24
$143.2M
Q3 24
$139.3M
Q2 24
$143.3M
$363.2M
Net Profit
PDM
PDM
TSAT
TSAT
Q1 26
$-45.0M
Q4 25
$-43.2M
Q3 25
$-13.5M
$-88.4M
Q2 25
$-16.8M
$55.1M
Q1 25
$-10.1M
$-52.3M
Q4 24
$-30.0M
Q3 24
$-11.5M
Q2 24
$-9.8M
$547.4M
Gross Margin
PDM
PDM
TSAT
TSAT
Q1 26
Q4 25
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
PDM
PDM
TSAT
TSAT
Q1 26
Q4 25
Q3 25
5.9%
Q2 25
16.8%
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
PDM
PDM
TSAT
TSAT
Q1 26
-31.4%
Q4 25
-30.3%
Q3 25
-9.7%
-119.8%
Q2 25
-12.0%
71.2%
Q1 25
-7.1%
-34.4%
Q4 24
-20.9%
Q3 24
-8.3%
Q2 24
-6.8%
150.7%
EPS (diluted)
PDM
PDM
TSAT
TSAT
Q1 26
$-0.10
Q4 25
$-0.34
Q3 25
$-0.11
Q2 25
$-0.14
Q1 25
$-0.08
Q4 24
$-0.25
Q3 24
$-0.09
Q2 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$2.3M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.6B
Total Assets
$4.0B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
TSAT
TSAT
Q1 26
$2.3M
Q4 25
$731.0K
Q3 25
$3.0M
$352.3M
Q2 25
$3.3M
$399.6M
Q1 25
$2.9M
$552.1M
Q4 24
$109.6M
Q3 24
$133.6M
Q2 24
$138.5M
$1.7B
Total Debt
PDM
PDM
TSAT
TSAT
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
TSAT
TSAT
Q1 26
$1.5B
Q4 25
$1.5B
Q3 25
$1.5B
$1.6B
Q2 25
$1.5B
$1.7B
Q1 25
$1.6B
$2.5B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.7B
$2.4B
Total Assets
PDM
PDM
TSAT
TSAT
Q1 26
$4.0B
Q4 25
$4.0B
Q3 25
$4.0B
$5.1B
Q2 25
$4.0B
$4.9B
Q1 25
$4.0B
$6.9B
Q4 24
$4.1B
Q3 24
$4.1B
Q2 24
$4.2B
$6.3B
Debt / Equity
PDM
PDM
TSAT
TSAT
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×

Financial Flow Comparison

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

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