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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -31.4%, a 39.0% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 0.4%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
PDM vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $213.6M |
| Net Profit | $-45.0M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | — | 10.0% |
| Net Margin | -31.4% | 7.6% |
| Revenue YoY | 0.4% | 28.7% |
| Net Profit YoY | -27.9% | 54.3% |
| EPS (diluted) | $-0.10 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $139.2M | $198.9M | ||
| Q2 25 | $140.3M | $184.8M | ||
| Q1 25 | $142.7M | $162.2M | ||
| Q4 24 | $143.2M | $166.0M | ||
| Q3 24 | $139.3M | $145.0M | ||
| Q2 24 | $143.3M | $147.4M |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $16.3M | ||
| Q3 25 | $-13.5M | $16.4M | ||
| Q2 25 | $-16.8M | $16.6M | ||
| Q1 25 | $-10.1M | $16.9M | ||
| Q4 24 | $-30.0M | $10.6M | ||
| Q3 24 | $-11.5M | $7.4M | ||
| Q2 24 | $-9.8M | $16.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 11.6% |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 7.6% | ||
| Q3 25 | -9.7% | 8.3% | ||
| Q2 25 | -12.0% | 9.0% | ||
| Q1 25 | -7.1% | 10.4% | ||
| Q4 24 | -20.9% | 6.4% | ||
| Q3 24 | -8.3% | 5.1% | ||
| Q2 24 | -6.8% | 11.1% |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.35 | ||
| Q3 25 | $-0.11 | $0.36 | ||
| Q2 25 | $-0.14 | $0.36 | ||
| Q1 25 | $-0.08 | $0.37 | ||
| Q4 24 | $-0.25 | $0.23 | ||
| Q3 24 | $-0.09 | $0.16 | ||
| Q2 24 | $-0.08 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $351.3M |
| Total Assets | $4.0B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $48.8M | ||
| Q3 25 | $3.0M | $93.8M | ||
| Q2 25 | $3.3M | $108.2M | ||
| Q1 25 | $2.9M | $156.3M | ||
| Q4 24 | $109.6M | $150.6M | ||
| Q3 24 | $133.6M | $149.5M | ||
| Q2 24 | $138.5M | $133.2M |
| 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 | $351.3M | ||
| Q3 25 | $1.5B | $331.2M | ||
| Q2 25 | $1.5B | $309.8M | ||
| Q1 25 | $1.6B | $288.9M | ||
| Q4 24 | $1.6B | $269.3M | ||
| Q3 24 | $1.6B | $253.4M | ||
| Q2 24 | $1.7B | $238.4M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $518.7M | ||
| Q3 25 | $4.0B | $481.5M | ||
| Q2 25 | $4.0B | $430.8M | ||
| Q1 25 | $4.0B | $376.9M | ||
| Q4 24 | $4.1B | $359.3M | ||
| Q3 24 | $4.1B | $344.7M | ||
| Q2 24 | $4.2B | $320.5M |
| 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 | — | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | 110.3% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $5.8M | ||
| Q3 25 | $35.8M | $23.4M | ||
| Q2 25 | $50.1M | $-761.0K | ||
| Q1 25 | $3.7M | $5.3M | ||
| Q4 24 | $198.1M | $14.8M | ||
| Q3 24 | $42.9M | $10.0M | ||
| Q2 24 | $66.8M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-32.1M | ||
| Q3 25 | — | $-10.6M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $6.4M | ||
| Q2 24 | — | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 7.2% |
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
