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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and GeneDx Holdings Corp. (WGS). 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 $121.0M, roughly 1.2× GeneDx Holdings Corp.). GeneDx Holdings Corp. runs the higher net margin — -14.6% vs -31.4%, a 16.8% gap on every dollar of revenue. On growth, GeneDx Holdings Corp. posted the faster year-over-year revenue change (26.5% vs 0.4%). Over the past eight quarters, GeneDx Holdings Corp.'s revenue compounded faster (39.2% 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.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

PDM vs WGS — Head-to-Head

Bigger by revenue
PDM
PDM
1.2× larger
PDM
$143.3M
$121.0M
WGS
Growing faster (revenue YoY)
WGS
WGS
+26.1% gap
WGS
26.5%
0.4%
PDM
Higher net margin
WGS
WGS
16.8% more per $
WGS
-14.6%
-31.4%
PDM
Faster 2-yr revenue CAGR
WGS
WGS
Annualised
WGS
39.2%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PDM
PDM
WGS
WGS
Revenue
$143.3M
$121.0M
Net Profit
$-45.0M
$-17.7M
Gross Margin
69.6%
Operating Margin
-11.8%
Net Margin
-31.4%
-14.6%
Revenue YoY
0.4%
26.5%
Net Profit YoY
-27.9%
-424.9%
EPS (diluted)
$-0.10
$-0.59

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
WGS
WGS
Q1 26
$143.3M
Q4 25
$142.9M
$121.0M
Q3 25
$139.2M
$116.7M
Q2 25
$140.3M
$102.7M
Q1 25
$142.7M
$87.1M
Q4 24
$143.2M
$95.6M
Q3 24
$139.3M
$76.9M
Q2 24
$143.3M
$70.5M
Net Profit
PDM
PDM
WGS
WGS
Q1 26
$-45.0M
Q4 25
$-43.2M
$-17.7M
Q3 25
$-13.5M
$-7.6M
Q2 25
$-16.8M
$10.8M
Q1 25
$-10.1M
$-6.5M
Q4 24
$-30.0M
$5.4M
Q3 24
$-11.5M
$-8.3M
Q2 24
$-9.8M
$-29.2M
Gross Margin
PDM
PDM
WGS
WGS
Q1 26
Q4 25
69.6%
Q3 25
72.4%
Q2 25
69.0%
Q1 25
67.1%
Q4 24
69.2%
Q3 24
62.2%
Q2 24
60.9%
Operating Margin
PDM
PDM
WGS
WGS
Q1 26
Q4 25
-11.8%
Q3 25
-2.8%
Q2 25
8.7%
Q1 25
-5.2%
Q4 24
9.2%
Q3 24
-10.1%
Q2 24
-15.0%
Net Margin
PDM
PDM
WGS
WGS
Q1 26
-31.4%
Q4 25
-30.3%
-14.6%
Q3 25
-9.7%
-6.5%
Q2 25
-12.0%
10.5%
Q1 25
-7.1%
-7.5%
Q4 24
-20.9%
5.7%
Q3 24
-8.3%
-10.8%
Q2 24
-6.8%
-41.4%
EPS (diluted)
PDM
PDM
WGS
WGS
Q1 26
$-0.10
Q4 25
$-0.34
$-0.59
Q3 25
$-0.11
$-0.27
Q2 25
$-0.14
$0.36
Q1 25
$-0.08
$-0.23
Q4 24
$-0.25
$0.25
Q3 24
$-0.09
$-0.31
Q2 24
$-0.08
$-1.10

Balance Sheet & Financial Strength

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

Metric
PDM
PDM
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$2.3M
$171.3M
Total DebtLower is stronger
$54.5M
Stockholders' EquityBook value
$1.5B
$308.2M
Total Assets
$4.0B
$523.7M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
WGS
WGS
Q1 26
$2.3M
Q4 25
$731.0K
$171.3M
Q3 25
$3.0M
$155.1M
Q2 25
$3.3M
$134.6M
Q1 25
$2.9M
$159.2M
Q4 24
$109.6M
$141.2M
Q3 24
$133.6M
$116.5M
Q2 24
$138.5M
$106.9M
Total Debt
PDM
PDM
WGS
WGS
Q1 26
Q4 25
$2.2B
$54.5M
Q3 25
$2.2B
$54.8M
Q2 25
$2.2B
$55.1M
Q1 25
$2.2B
$55.5M
Q4 24
$2.2B
$55.8M
Q3 24
$2.2B
$56.1M
Q2 24
$2.2B
$56.3M
Stockholders' Equity
PDM
PDM
WGS
WGS
Q1 26
$1.5B
Q4 25
$1.5B
$308.2M
Q3 25
$1.5B
$292.3M
Q2 25
$1.5B
$277.1M
Q1 25
$1.6B
$257.4M
Q4 24
$1.6B
$245.2M
Q3 24
$1.6B
$204.5M
Q2 24
$1.7B
$194.0M
Total Assets
PDM
PDM
WGS
WGS
Q1 26
$4.0B
Q4 25
$4.0B
$523.7M
Q3 25
$4.0B
$493.9M
Q2 25
$4.0B
$463.9M
Q1 25
$4.0B
$446.4M
Q4 24
$4.1B
$419.4M
Q3 24
$4.1B
$408.8M
Q2 24
$4.2B
$389.1M
Debt / Equity
PDM
PDM
WGS
WGS
Q1 26
Q4 25
1.49×
0.18×
Q3 25
1.43×
0.19×
Q2 25
1.41×
0.20×
Q1 25
1.40×
0.22×
Q4 24
1.40×
0.23×
Q3 24
1.36×
0.27×
Q2 24
1.34×
0.29×

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
WGS
WGS
Operating Cash FlowLast quarter
$-3.1M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-6.1%
Capex IntensityCapex / Revenue
110.3%
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
WGS
WGS
Q1 26
Q4 25
$140.6M
$-3.1M
Q3 25
$35.8M
$15.8M
Q2 25
$50.1M
$10.4M
Q1 25
$3.7M
$10.2M
Q4 24
$198.1M
$-3.2M
Q3 24
$42.9M
$-4.4M
Q2 24
$66.8M
$-4.5M
Free Cash Flow
PDM
PDM
WGS
WGS
Q1 26
Q4 25
$-7.4M
Q3 25
$9.6M
Q2 25
$8.1M
Q1 25
$4.1M
Q4 24
$-6.2M
Q3 24
$-5.0M
Q2 24
$-5.9M
FCF Margin
PDM
PDM
WGS
WGS
Q1 26
Q4 25
-6.1%
Q3 25
8.2%
Q2 25
7.8%
Q1 25
4.7%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-8.3%
Capex Intensity
PDM
PDM
WGS
WGS
Q1 26
110.3%
Q4 25
3.6%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
7.0%
Q4 24
3.2%
Q3 24
0.8%
Q2 24
1.9%
Cash Conversion
PDM
PDM
WGS
WGS
Q1 26
Q4 25
Q3 25
Q2 25
0.96×
Q1 25
Q4 24
-0.59×
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.

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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