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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Twist Bioscience Corp (TWST). 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 $103.7M, roughly 1.4× Twist Bioscience Corp). Twist Bioscience Corp runs the higher net margin — -29.4% vs -31.4%, a 2.0% gap on every dollar of revenue. On growth, Twist Bioscience Corp posted the faster year-over-year revenue change (16.9% vs 0.4%).

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.

Twist Bioscience is a public biotechnology company based in South San Francisco that manufactures synthetic DNA and DNA products for customers in a wide range of industries. Twist was founded in 2013 by Emily Leproust, Bill Banyai, and Bill Peck.

PDM vs TWST — Head-to-Head

Bigger by revenue
PDM
PDM
1.4× larger
PDM
$143.3M
$103.7M
TWST
Growing faster (revenue YoY)
TWST
TWST
+16.5% gap
TWST
16.9%
0.4%
PDM
Higher net margin
TWST
TWST
2.0% more per $
TWST
-29.4%
-31.4%
PDM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PDM
PDM
TWST
TWST
Revenue
$143.3M
$103.7M
Net Profit
$-45.0M
$-30.5M
Gross Margin
52.0%
Operating Margin
-31.7%
Net Margin
-31.4%
-29.4%
Revenue YoY
0.4%
16.9%
Net Profit YoY
-27.9%
3.4%
EPS (diluted)
$-0.10
$-0.50

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
TWST
TWST
Q1 26
$143.3M
Q4 25
$142.9M
$103.7M
Q3 25
$139.2M
Q2 25
$140.3M
Q1 25
$142.7M
Q4 24
$143.2M
Q3 24
$139.3M
Q2 24
$143.3M
Net Profit
PDM
PDM
TWST
TWST
Q1 26
$-45.0M
Q4 25
$-43.2M
$-30.5M
Q3 25
$-13.5M
Q2 25
$-16.8M
Q1 25
$-10.1M
Q4 24
$-30.0M
Q3 24
$-11.5M
Q2 24
$-9.8M
Gross Margin
PDM
PDM
TWST
TWST
Q1 26
Q4 25
52.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
PDM
PDM
TWST
TWST
Q1 26
Q4 25
-31.7%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
PDM
PDM
TWST
TWST
Q1 26
-31.4%
Q4 25
-30.3%
-29.4%
Q3 25
-9.7%
Q2 25
-12.0%
Q1 25
-7.1%
Q4 24
-20.9%
Q3 24
-8.3%
Q2 24
-6.8%
EPS (diluted)
PDM
PDM
TWST
TWST
Q1 26
$-0.10
Q4 25
$-0.34
$-0.50
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
TWST
TWST
Cash + ST InvestmentsLiquidity on hand
$2.3M
$197.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$456.1M
Total Assets
$4.0B
$638.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
TWST
TWST
Q1 26
$2.3M
Q4 25
$731.0K
$197.9M
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
TWST
TWST
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
TWST
TWST
Q1 26
$1.5B
Q4 25
$1.5B
$456.1M
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.7B
Total Assets
PDM
PDM
TWST
TWST
Q1 26
$4.0B
Q4 25
$4.0B
$638.1M
Q3 25
$4.0B
Q2 25
$4.0B
Q1 25
$4.0B
Q4 24
$4.1B
Q3 24
$4.1B
Q2 24
$4.2B
Debt / Equity
PDM
PDM
TWST
TWST
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
TWST
TWST
Operating Cash FlowLast quarter
$-24.8M
Free Cash FlowOCF − Capex
$-34.8M
FCF MarginFCF / Revenue
-33.5%
Capex IntensityCapex / Revenue
110.3%
9.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
TWST
TWST
Q1 26
Q4 25
$140.6M
$-24.8M
Q3 25
$35.8M
Q2 25
$50.1M
Q1 25
$3.7M
Q4 24
$198.1M
Q3 24
$42.9M
Q2 24
$66.8M
Free Cash Flow
PDM
PDM
TWST
TWST
Q1 26
Q4 25
$-34.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
PDM
PDM
TWST
TWST
Q1 26
Q4 25
-33.5%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
PDM
PDM
TWST
TWST
Q1 26
110.3%
Q4 25
9.6%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

TWST
TWST

Industrial Chemicals$37.2M36%
Diagnostics$35.3M34%
Food Or Agriculture$12.8M12%
Academic Research$12.2M12%
Health Care$6.1M6%

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