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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and WD 40 CO (WDFC). Click either name above to swap in a different company.

WD 40 CO is the larger business by last-quarter revenue ($154.4M vs $143.3M, roughly 1.1× Piedmont Realty Trust, Inc.). WD 40 CO runs the higher net margin — 11.3% vs -31.4%, a 42.7% gap on every dollar of revenue. On growth, WD 40 CO posted the faster year-over-year revenue change (0.6% vs 0.4%). Over the past eight quarters, WD 40 CO's revenue compounded faster (5.4% 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.

WD-40 Company is a global consumer and industrial goods manufacturer best known for its signature multi-purpose lubricant of the same name. Its product portfolio includes cleaners, degreasers, rust removers and specialty lubricants, serving retail, industrial and automotive markets across more than 170 countries and regions worldwide.

PDM vs WDFC — Head-to-Head

Bigger by revenue
WDFC
WDFC
1.1× larger
WDFC
$154.4M
$143.3M
PDM
Growing faster (revenue YoY)
WDFC
WDFC
+0.2% gap
WDFC
0.6%
0.4%
PDM
Higher net margin
WDFC
WDFC
42.7% more per $
WDFC
11.3%
-31.4%
PDM
Faster 2-yr revenue CAGR
WDFC
WDFC
Annualised
WDFC
5.4%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PDM
PDM
WDFC
WDFC
Revenue
$143.3M
$154.4M
Net Profit
$-45.0M
$17.5M
Gross Margin
56.2%
Operating Margin
15.1%
Net Margin
-31.4%
11.3%
Revenue YoY
0.4%
0.6%
Net Profit YoY
-27.9%
-7.8%
EPS (diluted)
$-0.10
$1.28

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
WDFC
WDFC
Q1 26
$143.3M
Q4 25
$142.9M
$154.4M
Q3 25
$139.2M
$163.5M
Q2 25
$140.3M
$156.9M
Q1 25
$142.7M
$146.1M
Q4 24
$143.2M
$153.5M
Q3 24
$139.3M
$156.0M
Q2 24
$143.3M
$155.0M
Net Profit
PDM
PDM
WDFC
WDFC
Q1 26
$-45.0M
Q4 25
$-43.2M
$17.5M
Q3 25
$-13.5M
$21.2M
Q2 25
$-16.8M
$21.0M
Q1 25
$-10.1M
$29.9M
Q4 24
$-30.0M
$18.9M
Q3 24
$-11.5M
$16.8M
Q2 24
$-9.8M
$19.8M
Gross Margin
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
56.2%
Q3 25
54.7%
Q2 25
56.2%
Q1 25
54.6%
Q4 24
54.8%
Q3 24
54.1%
Q2 24
53.1%
Operating Margin
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
15.1%
Q3 25
17.1%
Q2 25
17.4%
Q1 25
15.9%
Q4 24
16.4%
Q3 24
15.4%
Q2 24
17.5%
Net Margin
PDM
PDM
WDFC
WDFC
Q1 26
-31.4%
Q4 25
-30.3%
11.3%
Q3 25
-9.7%
13.0%
Q2 25
-12.0%
13.4%
Q1 25
-7.1%
20.4%
Q4 24
-20.9%
12.3%
Q3 24
-8.3%
10.8%
Q2 24
-6.8%
12.8%
EPS (diluted)
PDM
PDM
WDFC
WDFC
Q1 26
$-0.10
Q4 25
$-0.34
$1.28
Q3 25
$-0.11
$1.57
Q2 25
$-0.14
$1.54
Q1 25
$-0.08
$2.19
Q4 24
$-0.25
$1.39
Q3 24
$-0.09
$1.23
Q2 24
$-0.08
$1.46

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
WDFC
WDFC
Cash + ST InvestmentsLiquidity on hand
$2.3M
$48.6M
Total DebtLower is stronger
$85.7M
Stockholders' EquityBook value
$1.5B
$264.1M
Total Assets
$4.0B
$459.7M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
WDFC
WDFC
Q1 26
$2.3M
Q4 25
$731.0K
$48.6M
Q3 25
$3.0M
$58.1M
Q2 25
$3.3M
$51.7M
Q1 25
$2.9M
$53.0M
Q4 24
$109.6M
$54.9M
Q3 24
$133.6M
$46.7M
Q2 24
$138.5M
$45.3M
Total Debt
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
$2.2B
$85.7M
Q3 25
$2.2B
$86.2M
Q2 25
$2.2B
$85.6M
Q1 25
$2.2B
$84.4M
Q4 24
$2.2B
$84.6M
Q3 24
$2.2B
$86.0M
Q2 24
$2.2B
$85.5M
Stockholders' Equity
PDM
PDM
WDFC
WDFC
Q1 26
$1.5B
Q4 25
$1.5B
$264.1M
Q3 25
$1.5B
$268.2M
Q2 25
$1.5B
$257.1M
Q1 25
$1.6B
$242.1M
Q4 24
$1.6B
$226.3M
Q3 24
$1.6B
$230.5M
Q2 24
$1.7B
$222.2M
Total Assets
PDM
PDM
WDFC
WDFC
Q1 26
$4.0B
Q4 25
$4.0B
$459.7M
Q3 25
$4.0B
$475.8M
Q2 25
$4.0B
$456.0M
Q1 25
$4.0B
$458.3M
Q4 24
$4.1B
$447.3M
Q3 24
$4.1B
$449.0M
Q2 24
$4.2B
$443.6M
Debt / Equity
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
1.49×
0.32×
Q3 25
1.43×
0.32×
Q2 25
1.41×
0.33×
Q1 25
1.40×
0.35×
Q4 24
1.40×
0.37×
Q3 24
1.36×
0.37×
Q2 24
1.34×
0.38×

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
WDFC
WDFC
Operating Cash FlowLast quarter
$10.0M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
110.3%
0.6%
Cash ConversionOCF / Net Profit
0.57×
TTM Free Cash FlowTrailing 4 quarters
$78.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
$140.6M
$10.0M
Q3 25
$35.8M
$29.9M
Q2 25
$50.1M
$35.1M
Q1 25
$3.7M
$8.0M
Q4 24
$198.1M
$14.9M
Q3 24
$42.9M
$27.2M
Q2 24
$66.8M
$19.9M
Free Cash Flow
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
$9.1M
Q3 25
$28.6M
Q2 25
$34.0M
Q1 25
$6.6M
Q4 24
$14.2M
Q3 24
$26.4M
Q2 24
$18.7M
FCF Margin
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
5.9%
Q3 25
17.5%
Q2 25
21.6%
Q1 25
4.5%
Q4 24
9.3%
Q3 24
16.9%
Q2 24
12.0%
Capex Intensity
PDM
PDM
WDFC
WDFC
Q1 26
110.3%
Q4 25
0.6%
Q3 25
0.8%
Q2 25
0.7%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.8%
Cash Conversion
PDM
PDM
WDFC
WDFC
Q1 26
Q4 25
0.57×
Q3 25
1.41×
Q2 25
1.67×
Q1 25
0.27×
Q4 24
0.79×
Q3 24
1.62×
Q2 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

WDFC
WDFC

Other$82.6M53%
WD40Multi Use Product$56.0M36%
WD40Specialist$9.0M6%
Other Maintenance Products$4.0M3%
Homecare And Cleaning Products$2.7M2%

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