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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and UNITED STATES LIME & MINERALS INC (USLM). 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 $87.9M, roughly 1.6× UNITED STATES LIME & MINERALS INC). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs -31.4%, a 66.1% gap on every dollar of revenue. On growth, UNITED STATES LIME & MINERALS INC posted the faster year-over-year revenue change (9.8% vs 0.4%). Over the past eight quarters, UNITED STATES LIME & MINERALS INC's revenue compounded faster (10.8% 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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

PDM vs USLM — Head-to-Head

Bigger by revenue
PDM
PDM
1.6× larger
PDM
$143.3M
$87.9M
USLM
Growing faster (revenue YoY)
USLM
USLM
+9.4% gap
USLM
9.8%
0.4%
PDM
Higher net margin
USLM
USLM
66.1% more per $
USLM
34.7%
-31.4%
PDM
Faster 2-yr revenue CAGR
USLM
USLM
Annualised
USLM
10.8%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PDM
PDM
USLM
USLM
Revenue
$143.3M
$87.9M
Net Profit
$-45.0M
$30.5M
Gross Margin
48.0%
Operating Margin
41.0%
Net Margin
-31.4%
34.7%
Revenue YoY
0.4%
9.8%
Net Profit YoY
-27.9%
13.2%
EPS (diluted)
$-0.10
$1.06

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
USLM
USLM
Q1 26
$143.3M
Q4 25
$142.9M
$87.9M
Q3 25
$139.2M
$102.0M
Q2 25
$140.3M
$91.5M
Q1 25
$142.7M
$91.3M
Q4 24
$143.2M
$80.1M
Q3 24
$139.3M
$89.4M
Q2 24
$143.3M
$76.5M
Net Profit
PDM
PDM
USLM
USLM
Q1 26
$-45.0M
Q4 25
$-43.2M
$30.5M
Q3 25
$-13.5M
$38.8M
Q2 25
$-16.8M
$30.8M
Q1 25
$-10.1M
$34.1M
Q4 24
$-30.0M
$27.0M
Q3 24
$-11.5M
$33.4M
Q2 24
$-9.8M
$26.1M
Gross Margin
PDM
PDM
USLM
USLM
Q1 26
Q4 25
48.0%
Q3 25
51.2%
Q2 25
45.8%
Q1 25
50.6%
Q4 24
44.3%
Q3 24
48.2%
Q2 24
45.5%
Operating Margin
PDM
PDM
USLM
USLM
Q1 26
Q4 25
41.0%
Q3 25
45.3%
Q2 25
39.0%
Q1 25
43.7%
Q4 24
38.8%
Q3 24
42.6%
Q2 24
39.1%
Net Margin
PDM
PDM
USLM
USLM
Q1 26
-31.4%
Q4 25
-30.3%
34.7%
Q3 25
-9.7%
38.0%
Q2 25
-12.0%
33.7%
Q1 25
-7.1%
37.4%
Q4 24
-20.9%
33.7%
Q3 24
-8.3%
37.3%
Q2 24
-6.8%
34.0%
EPS (diluted)
PDM
PDM
USLM
USLM
Q1 26
$-0.10
Q4 25
$-0.34
$1.06
Q3 25
$-0.11
$1.35
Q2 25
$-0.14
$1.07
Q1 25
$-0.08
$1.19
Q4 24
$-0.25
$-2.20
Q3 24
$-0.09
$1.16
Q2 24
$-0.08
$0.91

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$2.3M
$371.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$1.5B
$630.8M
Total Assets
$4.0B
$681.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
USLM
USLM
Q1 26
$2.3M
Q4 25
$731.0K
$371.1M
Q3 25
$3.0M
$349.5M
Q2 25
$3.3M
$319.9M
Q1 25
$2.9M
$300.6M
Q4 24
$109.6M
$278.0M
Q3 24
$133.6M
$255.0M
Q2 24
$138.5M
$222.5M
Total Debt
PDM
PDM
USLM
USLM
Q1 26
Q4 25
$2.2B
$0
Q3 25
$2.2B
$0
Q2 25
$2.2B
$0
Q1 25
$2.2B
$0
Q4 24
$2.2B
$0
Q3 24
$2.2B
$0
Q2 24
$2.2B
$0
Stockholders' Equity
PDM
PDM
USLM
USLM
Q1 26
$1.5B
Q4 25
$1.5B
$630.8M
Q3 25
$1.5B
$602.3M
Q2 25
$1.5B
$563.3M
Q1 25
$1.6B
$532.2M
Q4 24
$1.6B
$497.7M
Q3 24
$1.6B
$474.2M
Q2 24
$1.7B
$441.1M
Total Assets
PDM
PDM
USLM
USLM
Q1 26
$4.0B
Q4 25
$4.0B
$681.0M
Q3 25
$4.0B
$652.8M
Q2 25
$4.0B
$607.4M
Q1 25
$4.0B
$585.3M
Q4 24
$4.1B
$543.2M
Q3 24
$4.1B
$521.8M
Q2 24
$4.2B
$484.2M
Debt / Equity
PDM
PDM
USLM
USLM
Q1 26
Q4 25
1.49×
0.00×
Q3 25
1.43×
0.00×
Q2 25
1.41×
0.00×
Q1 25
1.40×
0.00×
Q4 24
1.40×
0.00×
Q3 24
1.36×
0.00×
Q2 24
1.34×
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$45.6M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
29.2%
Capex IntensityCapex / Revenue
110.3%
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
USLM
USLM
Q1 26
Q4 25
$140.6M
$45.6M
Q3 25
$35.8M
$45.9M
Q2 25
$50.1M
$34.0M
Q1 25
$3.7M
$39.4M
Q4 24
$198.1M
$38.6M
Q3 24
$42.9M
$39.0M
Q2 24
$66.8M
$21.2M
Free Cash Flow
PDM
PDM
USLM
USLM
Q1 26
Q4 25
$25.7M
Q3 25
$31.3M
Q2 25
$20.8M
Q1 25
$24.6M
Q4 24
$27.6M
Q3 24
$33.9M
Q2 24
$16.8M
FCF Margin
PDM
PDM
USLM
USLM
Q1 26
Q4 25
29.2%
Q3 25
30.7%
Q2 25
22.7%
Q1 25
26.9%
Q4 24
34.4%
Q3 24
37.9%
Q2 24
21.9%
Capex Intensity
PDM
PDM
USLM
USLM
Q1 26
110.3%
Q4 25
22.6%
Q3 25
14.4%
Q2 25
14.5%
Q1 25
16.3%
Q4 24
13.8%
Q3 24
5.8%
Q2 24
5.7%
Cash Conversion
PDM
PDM
USLM
USLM
Q1 26
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×

Financial Flow Comparison

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

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