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

WASHINGTON TRUST BANCORP INC is the larger business by last-quarter revenue ($57.8M vs $51.2M, roughly 1.1× Plymouth Industrial REIT, Inc.). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -106.3%, a 128.0% gap on every dollar of revenue. Over the past eight quarters, WASHINGTON TRUST BANCORP INC's revenue compounded faster (9.5% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

PLYM vs WASH — Head-to-Head

Bigger by revenue
WASH
WASH
1.1× larger
WASH
$57.8M
$51.2M
PLYM
Higher net margin
WASH
WASH
128.0% more per $
WASH
21.8%
-106.3%
PLYM
Faster 2-yr revenue CAGR
WASH
WASH
Annualised
WASH
9.5%
0.4%
PLYM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
PLYM
PLYM
WASH
WASH
Revenue
$51.2M
$57.8M
Net Profit
$-54.4M
$12.6M
Gross Margin
Operating Margin
-102.5%
Net Margin
-106.3%
21.8%
Revenue YoY
-1.4%
Net Profit YoY
-248.5%
3.5%
EPS (diluted)
$-1.23
$0.66

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
WASH
WASH
Q1 26
$57.8M
Q4 25
$59.3M
Q3 25
$51.2M
$56.5M
Q2 25
$47.2M
$54.3M
Q1 25
$45.6M
$59.1M
Q4 24
$47.6M
$12.4M
Q3 24
$51.9M
$48.5M
Q2 24
$48.7M
$48.2M
Net Profit
PLYM
PLYM
WASH
WASH
Q1 26
$12.6M
Q4 25
$16.0M
Q3 25
$-54.4M
$10.8M
Q2 25
$-6.1M
$13.2M
Q1 25
$5.8M
$12.2M
Q4 24
$147.4M
$-60.8M
Q3 24
$-15.6M
$11.0M
Q2 24
$1.3M
$10.8M
Operating Margin
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
34.9%
Q3 25
-102.5%
24.7%
Q2 25
-10.3%
31.6%
Q1 25
26.5%
Q4 24
-648.7%
Q3 24
-29.6%
28.5%
Q2 24
2.7%
28.7%
Net Margin
PLYM
PLYM
WASH
WASH
Q1 26
21.8%
Q4 25
27.0%
Q3 25
-106.3%
19.2%
Q2 25
-12.9%
24.4%
Q1 25
12.8%
20.6%
Q4 24
309.9%
-491.4%
Q3 24
-30.1%
22.6%
Q2 24
2.7%
22.4%
EPS (diluted)
PLYM
PLYM
WASH
WASH
Q1 26
$0.66
Q4 25
$0.84
Q3 25
$-1.23
$0.56
Q2 25
$-0.14
$0.68
Q1 25
$0.13
$0.63
Q4 24
$3.24
$-3.54
Q3 24
$-0.35
$0.64
Q2 24
$0.03
$0.63

Balance Sheet & Financial Strength

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

Metric
PLYM
PLYM
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$470.1M
$546.8M
Total Assets
$1.6B
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLYM
PLYM
WASH
WASH
Q1 26
$12.3M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
Q2 24
Stockholders' Equity
PLYM
PLYM
WASH
WASH
Q1 26
$546.8M
Q4 25
$543.6M
Q3 25
$470.1M
$533.0M
Q2 25
$539.6M
$527.5M
Q1 25
$571.0M
$521.7M
Q4 24
$579.5M
$499.7M
Q3 24
$436.5M
$502.2M
Q2 24
$475.2M
$471.0M
Total Assets
PLYM
PLYM
WASH
WASH
Q1 26
$6.5B
Q4 25
$6.6B
Q3 25
$1.6B
$6.7B
Q2 25
$1.6B
$6.7B
Q1 25
$1.4B
$6.6B
Q4 24
$1.4B
$6.9B
Q3 24
$1.5B
$7.1B
Q2 24
$1.4B
$7.2B
Debt / Equity
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 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
WASH
WASH
Operating Cash FlowLast quarter
$20.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
$80.3M
Q3 25
$20.0M
$39.6M
Q2 25
$23.4M
$11.3M
Q1 25
$15.6M
$8.4M
Q4 24
$96.1M
$57.7M
Q3 24
$17.6M
$25.7M
Q2 24
$19.9M
$11.2M
Free Cash Flow
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
$78.3M
Q3 25
$39.3M
Q2 25
$10.9M
Q1 25
$8.4M
Q4 24
$53.7M
Q3 24
$24.4M
Q2 24
$9.6M
FCF Margin
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
132.2%
Q3 25
69.6%
Q2 25
20.2%
Q1 25
14.2%
Q4 24
433.8%
Q3 24
50.4%
Q2 24
19.8%
Capex Intensity
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
3.4%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.1%
Q4 24
32.3%
Q3 24
2.6%
Q2 24
3.4%
Cash Conversion
PLYM
PLYM
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
3.65×
Q2 25
0.86×
Q1 25
2.67×
0.69×
Q4 24
0.65×
Q3 24
2.34×
Q2 24
15.12×
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLYM
PLYM

Segment breakdown not available.

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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