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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.

CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $143.3M, roughly 1.3× Piedmont Realty Trust, Inc.). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -31.4%, a 59.1% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 0.4%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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.

CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.

PDM vs UAN — Head-to-Head

Bigger by revenue
UAN
UAN
1.3× larger
UAN
$180.0M
$143.3M
PDM
Growing faster (revenue YoY)
UAN
UAN
+25.6% gap
UAN
26.0%
0.4%
PDM
Higher net margin
UAN
UAN
59.1% more per $
UAN
27.7%
-31.4%
PDM
Faster 2-yr revenue CAGR
UAN
UAN
Annualised
UAN
16.4%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PDM
PDM
UAN
UAN
Revenue
$143.3M
$180.0M
Net Profit
$-45.0M
$49.9M
Gross Margin
37.5%
Operating Margin
32.0%
Net Margin
-31.4%
27.7%
Revenue YoY
0.4%
26.0%
Net Profit YoY
-27.9%
84.3%
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
UAN
UAN
Q1 26
$143.3M
$180.0M
Q4 25
$142.9M
$131.1M
Q3 25
$139.2M
$163.5M
Q2 25
$140.3M
$168.6M
Q1 25
$142.7M
$142.9M
Q4 24
$143.2M
$139.6M
Q3 24
$139.3M
$125.2M
Q2 24
$143.3M
$132.9M
Net Profit
PDM
PDM
UAN
UAN
Q1 26
$-45.0M
$49.9M
Q4 25
$-43.2M
$-10.3M
Q3 25
$-13.5M
$43.1M
Q2 25
$-16.8M
$38.8M
Q1 25
$-10.1M
$27.1M
Q4 24
$-30.0M
$18.3M
Q3 24
$-11.5M
$3.8M
Q2 24
$-9.8M
$26.2M
Gross Margin
PDM
PDM
UAN
UAN
Q1 26
37.5%
Q4 25
4.4%
Q3 25
37.0%
Q2 25
32.4%
Q1 25
29.7%
Q4 24
23.8%
Q3 24
14.7%
Q2 24
30.0%
Operating Margin
PDM
PDM
UAN
UAN
Q1 26
32.0%
Q4 25
-2.2%
Q3 25
31.0%
Q2 25
27.5%
Q1 25
24.2%
Q4 24
18.4%
Q3 24
8.8%
Q2 24
25.3%
Net Margin
PDM
PDM
UAN
UAN
Q1 26
-31.4%
27.7%
Q4 25
-30.3%
-7.8%
Q3 25
-9.7%
26.3%
Q2 25
-12.0%
23.0%
Q1 25
-7.1%
19.0%
Q4 24
-20.9%
13.1%
Q3 24
-8.3%
3.0%
Q2 24
-6.8%
19.7%
EPS (diluted)
PDM
PDM
UAN
UAN
Q1 26
$-0.10
Q4 25
$-0.34
$-0.98
Q3 25
$-0.11
$4.08
Q2 25
$-0.14
$3.67
Q1 25
$-0.08
$2.56
Q4 24
$-0.25
$1.73
Q3 24
$-0.09
$0.36
Q2 24
$-0.08
$2.48

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
UAN
UAN
Cash + ST InvestmentsLiquidity on hand
$2.3M
$128.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
Total Assets
$4.0B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
UAN
UAN
Q1 26
$2.3M
$128.1M
Q4 25
$731.0K
$69.2M
Q3 25
$3.0M
$156.2M
Q2 25
$3.3M
$114.4M
Q1 25
$2.9M
$121.8M
Q4 24
$109.6M
$90.9M
Q3 24
$133.6M
$110.5M
Q2 24
$138.5M
$47.5M
Total Debt
PDM
PDM
UAN
UAN
Q1 26
Q4 25
$2.2B
$569.1M
Q3 25
$2.2B
$569.1M
Q2 25
$2.2B
$569.2M
Q1 25
$2.2B
$569.3M
Q4 24
$2.2B
$568.0M
Q3 24
$2.2B
$547.7M
Q2 24
$2.2B
$547.6M
Stockholders' Equity
PDM
PDM
UAN
UAN
Q1 26
$1.5B
Q4 25
$1.5B
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
UAN
UAN
Q1 26
$4.0B
$1.0B
Q4 25
$4.0B
$969.5M
Q3 25
$4.0B
$1.0B
Q2 25
$4.0B
$998.0M
Q1 25
$4.0B
$1.0B
Q4 24
$4.1B
$1.0B
Q3 24
$4.1B
$986.6M
Q2 24
$4.2B
$959.4M
Debt / Equity
PDM
PDM
UAN
UAN
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.

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

UAN
UAN

Fertilizer sales$166.1M92%
Other$14.0M8%

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