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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and P10, Inc. (PX). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $51.2M, roughly 1.6× Plymouth Industrial REIT, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -106.3%, a 117.9% gap on every dollar of revenue. On growth, Plymouth Industrial REIT, Inc. posted the faster year-over-year revenue change (-1.4% vs -4.7%). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs 0.4%).
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
PLYM vs PX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.2M | $81.0M |
| Net Profit | $-54.4M | $9.5M |
| Gross Margin | — | — |
| Operating Margin | -102.5% | 31.9% |
| Net Margin | -106.3% | 11.7% |
| Revenue YoY | -1.4% | -4.7% |
| Net Profit YoY | -248.5% | 79.0% |
| EPS (diluted) | $-1.23 | $0.08 |
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.
| Q4 25 | — | $81.0M | ||
| Q3 25 | $51.2M | $75.9M | ||
| Q2 25 | $47.2M | $72.7M | ||
| Q1 25 | $45.6M | $67.7M | ||
| Q4 24 | $47.6M | $85.0M | ||
| Q3 24 | $51.9M | $74.2M | ||
| Q2 24 | $48.7M | $71.1M | ||
| Q1 24 | $50.2M | $66.1M |
| Q4 25 | — | $9.5M | ||
| Q3 25 | $-54.4M | $2.1M | ||
| Q2 25 | $-6.1M | $3.4M | ||
| Q1 25 | $5.8M | $4.5M | ||
| Q4 24 | $147.4M | $5.3M | ||
| Q3 24 | $-15.6M | $1.4M | ||
| Q2 24 | $1.3M | $7.0M | ||
| Q1 24 | $6.2M | $5.0M |
| Q4 25 | — | 31.9% | ||
| Q3 25 | -102.5% | 14.1% | ||
| Q2 25 | -10.3% | 24.4% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | -29.6% | 11.9% | ||
| Q2 24 | 2.7% | 23.7% | ||
| Q1 24 | — | 18.3% |
| Q4 25 | — | 11.7% | ||
| Q3 25 | -106.3% | 2.8% | ||
| Q2 25 | -12.9% | 4.7% | ||
| Q1 25 | 12.8% | 6.7% | ||
| Q4 24 | 309.9% | 6.2% | ||
| Q3 24 | -30.1% | 1.9% | ||
| Q2 24 | 2.7% | 9.8% | ||
| Q1 24 | 12.4% | 7.6% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | $-1.23 | $0.02 | ||
| Q2 25 | $-0.14 | $0.03 | ||
| Q1 25 | $0.13 | $0.04 | ||
| Q4 24 | $3.24 | $0.05 | ||
| Q3 24 | $-0.35 | $0.01 | ||
| Q2 24 | $0.03 | $0.06 | ||
| Q1 24 | $0.14 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $470.1M | $403.5M |
| Total Assets | $1.6B | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.2M | ||
| Q3 25 | — | $40.0M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $74.4M | ||
| Q4 24 | — | $67.5M | ||
| Q3 24 | — | $61.5M | ||
| Q2 24 | — | $31.2M | ||
| Q1 24 | — | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $646.4M | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | — | $403.5M | ||
| Q3 25 | $470.1M | $396.8M | ||
| Q2 25 | $539.6M | $388.9M | ||
| Q1 25 | $571.0M | $374.3M | ||
| Q4 24 | $579.5M | $386.9M | ||
| Q3 24 | $436.5M | $394.1M | ||
| Q2 24 | $475.2M | $396.9M | ||
| Q1 24 | $484.6M | $400.1M |
| Q4 25 | — | $928.3M | ||
| Q3 25 | $1.6B | $936.0M | ||
| Q2 25 | $1.6B | $932.2M | ||
| Q1 25 | $1.4B | $877.4M | ||
| Q4 24 | $1.4B | $869.3M | ||
| Q3 24 | $1.5B | $857.0M | ||
| Q2 24 | $1.4B | $823.2M | ||
| Q1 24 | $1.4B | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 1.12× | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $20.0M | $23.0M |
| Free Cash FlowOCF − Capex | — | $18.1M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.0M | ||
| Q3 25 | $20.0M | $-8.6M | ||
| Q2 25 | $23.4M | $13.4M | ||
| Q1 25 | $15.6M | $-4.7M | ||
| Q4 24 | $96.1M | $101.0M | ||
| Q3 24 | $17.6M | $27.5M | ||
| Q2 24 | $19.9M | $34.8M | ||
| Q1 24 | $16.6M | $11.0M |
| Q4 25 | — | $18.1M | ||
| Q3 25 | — | $-9.5M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $33.9M | ||
| Q1 24 | — | $10.7M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | 113.6% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | 2.67× | -1.05× | ||
| Q4 24 | 0.65× | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | 15.12× | 4.98× | ||
| Q1 24 | 2.67× | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLYM
Segment breakdown not available.
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
