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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and Upland Software, Inc. (UPLD). 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 $49.3M, roughly 1.0× Upland Software, Inc.). On growth, Plymouth Industrial REIT, Inc. posted the faster year-over-year revenue change (-1.4% vs -27.5%). Over the past eight quarters, Plymouth Industrial REIT, Inc.'s revenue compounded faster (0.4% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

PLYM vs UPLD — Head-to-Head

Bigger by revenue
PLYM
PLYM
1.0× larger
PLYM
$51.2M
$49.3M
UPLD
Growing faster (revenue YoY)
PLYM
PLYM
+26.1% gap
PLYM
-1.4%
-27.5%
UPLD
Faster 2-yr revenue CAGR
PLYM
PLYM
Annualised
PLYM
0.4%
-16.5%
UPLD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLYM
PLYM
UPLD
UPLD
Revenue
$51.2M
$49.3M
Net Profit
$-54.4M
Gross Margin
76.5%
Operating Margin
-102.5%
14.5%
Net Margin
-106.3%
Revenue YoY
-1.4%
-27.5%
Net Profit YoY
-248.5%
EPS (diluted)
$-1.23
$0.01

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
UPLD
UPLD
Q4 25
$49.3M
Q3 25
$51.2M
$50.5M
Q2 25
$47.2M
$53.4M
Q1 25
$45.6M
$63.7M
Q4 24
$47.6M
$68.0M
Q3 24
$51.9M
$66.7M
Q2 24
$48.7M
$69.3M
Q1 24
$50.2M
$70.7M
Net Profit
PLYM
PLYM
UPLD
UPLD
Q4 25
Q3 25
$-54.4M
$-1.1M
Q2 25
$-6.1M
$-13.0M
Q1 25
$5.8M
$-25.8M
Q4 24
$147.4M
Q3 24
$-15.6M
$-1.7M
Q2 24
$1.3M
$-11.4M
Q1 24
$6.2M
$-96.1M
Gross Margin
PLYM
PLYM
UPLD
UPLD
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
70.5%
Q1 24
70.2%
Operating Margin
PLYM
PLYM
UPLD
UPLD
Q4 25
14.5%
Q3 25
-102.5%
10.6%
Q2 25
-10.3%
-13.2%
Q1 25
-1.7%
Q4 24
-2.9%
Q3 24
-29.6%
-5.0%
Q2 24
2.7%
-7.7%
Q1 24
-129.6%
Net Margin
PLYM
PLYM
UPLD
UPLD
Q4 25
Q3 25
-106.3%
-2.2%
Q2 25
-12.9%
-24.4%
Q1 25
12.8%
-40.6%
Q4 24
309.9%
Q3 24
-30.1%
-2.6%
Q2 24
2.7%
-16.5%
Q1 24
12.4%
-135.9%
EPS (diluted)
PLYM
PLYM
UPLD
UPLD
Q4 25
$0.01
Q3 25
$-1.23
$-0.09
Q2 25
$-0.14
$-0.51
Q1 25
$0.13
$-0.97
Q4 24
$3.24
$-0.30
Q3 24
$-0.35
$-0.12
Q2 24
$0.03
$-0.47
Q1 24
$0.14
$-3.37

Balance Sheet & Financial Strength

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

Metric
PLYM
PLYM
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$470.1M
$-48.4M
Total Assets
$1.6B
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLYM
PLYM
UPLD
UPLD
Q4 25
$29.4M
Q3 25
$22.8M
Q2 25
$41.0M
Q1 25
$33.7M
Q4 24
$56.4M
Q3 24
$59.7M
Q2 24
$232.4M
Q1 24
$231.6M
Total Debt
PLYM
PLYM
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
$290.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PLYM
PLYM
UPLD
UPLD
Q4 25
$-48.4M
Q3 25
$470.1M
$-47.3M
Q2 25
$539.6M
$-42.4M
Q1 25
$571.0M
$-37.8M
Q4 24
$579.5M
$-18.3M
Q3 24
$436.5M
$907.0K
Q2 24
$475.2M
$6.5M
Q1 24
$484.6M
$20.1M
Total Assets
PLYM
PLYM
UPLD
UPLD
Q4 25
$413.2M
Q3 25
$1.6B
$409.1M
Q2 25
$1.6B
$441.7M
Q1 25
$1.4B
$457.0M
Q4 24
$1.4B
$529.5M
Q3 24
$1.5B
$554.9M
Q2 24
$1.4B
$739.9M
Q1 24
$1.4B
$754.9M
Debt / Equity
PLYM
PLYM
UPLD
UPLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
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
UPLD
UPLD
Operating Cash FlowLast quarter
$20.0M
$7.3M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLYM
PLYM
UPLD
UPLD
Q4 25
$7.3M
Q3 25
$20.0M
$6.9M
Q2 25
$23.4M
$3.3M
Q1 25
$15.6M
$8.3M
Q4 24
$96.1M
$9.3M
Q3 24
$17.6M
$4.3M
Q2 24
$19.9M
$5.5M
Q1 24
$16.6M
$5.1M
Free Cash Flow
PLYM
PLYM
UPLD
UPLD
Q4 25
$7.2M
Q3 25
$6.7M
Q2 25
$2.7M
Q1 25
$7.9M
Q4 24
$9.0M
Q3 24
$4.2M
Q2 24
$5.2M
Q1 24
$4.9M
FCF Margin
PLYM
PLYM
UPLD
UPLD
Q4 25
14.7%
Q3 25
13.2%
Q2 25
5.0%
Q1 25
12.4%
Q4 24
13.3%
Q3 24
6.3%
Q2 24
7.5%
Q1 24
7.0%
Capex Intensity
PLYM
PLYM
UPLD
UPLD
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
PLYM
PLYM
UPLD
UPLD
Q4 25
Q3 25
Q2 25
Q1 25
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
Q1 24
2.67×

Financial Flow Comparison

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

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