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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.

Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $35.3M, roughly 1.5× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -106.3%, a 150.1% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs -1.4%). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

PLYM vs UNTY — Head-to-Head

Bigger by revenue
PLYM
PLYM
1.5× larger
PLYM
$51.2M
$35.3M
UNTY
Growing faster (revenue YoY)
UNTY
UNTY
+25.5% gap
UNTY
24.2%
-1.4%
PLYM
Higher net margin
UNTY
UNTY
150.1% more per $
UNTY
43.9%
-106.3%
PLYM
Faster 2-yr revenue CAGR
UNTY
UNTY
Annualised
UNTY
17.5%
0.4%
PLYM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLYM
PLYM
UNTY
UNTY
Revenue
$51.2M
$35.3M
Net Profit
$-54.4M
$15.5M
Gross Margin
Operating Margin
-102.5%
55.8%
Net Margin
-106.3%
43.9%
Revenue YoY
-1.4%
24.2%
Net Profit YoY
-248.5%
34.5%
EPS (diluted)
$-1.23
$1.52

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
PLYM
PLYM
UNTY
UNTY
Q4 25
$35.3M
Q3 25
$51.2M
$32.8M
Q2 25
$47.2M
$34.4M
Q1 25
$45.6M
$29.4M
Q4 24
$47.6M
$28.4M
Q3 24
$51.9M
$27.7M
Q2 24
$48.7M
$25.5M
Q1 24
$50.2M
$25.6M
Net Profit
PLYM
PLYM
UNTY
UNTY
Q4 25
$15.5M
Q3 25
$-54.4M
$14.4M
Q2 25
$-6.1M
$16.5M
Q1 25
$5.8M
$11.6M
Q4 24
$147.4M
$11.5M
Q3 24
$-15.6M
$10.9M
Q2 24
$1.3M
$9.5M
Q1 24
$6.2M
$9.6M
Operating Margin
PLYM
PLYM
UNTY
UNTY
Q4 25
55.8%
Q3 25
-102.5%
57.5%
Q2 25
-10.3%
62.6%
Q1 25
52.6%
Q4 24
51.0%
Q3 24
-29.6%
52.7%
Q2 24
2.7%
49.3%
Q1 24
50.0%
Net Margin
PLYM
PLYM
UNTY
UNTY
Q4 25
43.9%
Q3 25
-106.3%
43.8%
Q2 25
-12.9%
48.0%
Q1 25
12.8%
39.5%
Q4 24
309.9%
40.5%
Q3 24
-30.1%
39.4%
Q2 24
2.7%
37.1%
Q1 24
12.4%
37.5%
EPS (diluted)
PLYM
PLYM
UNTY
UNTY
Q4 25
$1.52
Q3 25
$-1.23
$1.41
Q2 25
$-0.14
$1.61
Q1 25
$0.13
$1.13
Q4 24
$3.24
$1.13
Q3 24
$-0.35
$1.07
Q2 24
$0.03
$0.92
Q1 24
$0.14
$0.94

Balance Sheet & Financial Strength

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

Metric
PLYM
PLYM
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$470.1M
$345.6M
Total Assets
$1.6B
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
PLYM
PLYM
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
$230.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PLYM
PLYM
UNTY
UNTY
Q4 25
$345.6M
Q3 25
$470.1M
$334.0M
Q2 25
$539.6M
$319.8M
Q1 25
$571.0M
$306.1M
Q4 24
$579.5M
$295.6M
Q3 24
$436.5M
$284.3M
Q2 24
$475.2M
$273.4M
Q1 24
$484.6M
$266.8M
Total Assets
PLYM
PLYM
UNTY
UNTY
Q4 25
$3.0B
Q3 25
$1.6B
$2.9B
Q2 25
$1.6B
$2.9B
Q1 25
$1.4B
$2.8B
Q4 24
$1.4B
$2.7B
Q3 24
$1.5B
$2.6B
Q2 24
$1.4B
$2.6B
Q1 24
$1.4B
$2.6B
Debt / Equity
PLYM
PLYM
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
0.78×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLYM
PLYM
UNTY
UNTY
Operating Cash FlowLast quarter
$20.0M
$44.9M
Free Cash FlowOCF − Capex
$44.3M
FCF MarginFCF / Revenue
125.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLYM
PLYM
UNTY
UNTY
Q4 25
$44.9M
Q3 25
$20.0M
$45.5M
Q2 25
$23.4M
$-25.3M
Q1 25
$15.6M
$17.9M
Q4 24
$96.1M
$48.0M
Q3 24
$17.6M
$17.7M
Q2 24
$19.9M
$-8.4M
Q1 24
$16.6M
$15.8M
Free Cash Flow
PLYM
PLYM
UNTY
UNTY
Q4 25
$44.3M
Q3 25
$45.3M
Q2 25
$-25.5M
Q1 25
$17.6M
Q4 24
$47.3M
Q3 24
$17.5M
Q2 24
$-8.6M
Q1 24
$15.7M
FCF Margin
PLYM
PLYM
UNTY
UNTY
Q4 25
125.7%
Q3 25
138.1%
Q2 25
-74.2%
Q1 25
59.9%
Q4 24
166.5%
Q3 24
63.3%
Q2 24
-33.7%
Q1 24
61.4%
Capex Intensity
PLYM
PLYM
UNTY
UNTY
Q4 25
1.6%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.3%
Cash Conversion
PLYM
PLYM
UNTY
UNTY
Q4 25
2.90×
Q3 25
3.16×
Q2 25
-1.54×
Q1 25
2.67×
1.54×
Q4 24
0.65×
4.17×
Q3 24
1.62×
Q2 24
15.12×
-0.89×
Q1 24
2.67×
1.64×

Financial Flow Comparison

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

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