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Side-by-side financial comparison of P10, Inc. (PX) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $50.3M, roughly 1.6× READING INTERNATIONAL INC). P10, Inc. runs the higher net margin — 11.7% vs -5.1%, a 16.8% gap on every dollar of revenue. On growth, P10, Inc. posted the faster year-over-year revenue change (-4.7% vs -14.2%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $4.1M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
PX vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.0M | $50.3M |
| Net Profit | $9.5M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 31.9% | -1.9% |
| Net Margin | 11.7% | -5.1% |
| Revenue YoY | -4.7% | -14.2% |
| Net Profit YoY | 79.0% | -14.5% |
| EPS (diluted) | $0.08 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $75.9M | $52.2M | ||
| Q2 25 | $72.7M | $60.4M | ||
| Q1 25 | $67.7M | $40.2M | ||
| Q4 24 | $85.0M | $58.6M | ||
| Q3 24 | $74.2M | $60.1M | ||
| Q2 24 | $71.1M | $46.8M | ||
| Q1 24 | $66.1M | $45.1M |
| Q4 25 | $9.5M | $-2.6M | ||
| Q3 25 | $2.1M | $-4.2M | ||
| Q2 25 | $3.4M | $-2.7M | ||
| Q1 25 | $4.5M | $-4.8M | ||
| Q4 24 | $5.3M | $-2.2M | ||
| Q3 24 | $1.4M | $-7.0M | ||
| Q2 24 | $7.0M | $-12.8M | ||
| Q1 24 | $5.0M | $-13.2M |
| Q4 25 | 31.9% | -1.9% | ||
| Q3 25 | 14.1% | -0.6% | ||
| Q2 25 | 24.4% | 4.8% | ||
| Q1 25 | 16.6% | -17.2% | ||
| Q4 24 | 26.9% | 2.6% | ||
| Q3 24 | 11.9% | -0.6% | ||
| Q2 24 | 23.7% | -16.4% | ||
| Q1 24 | 18.3% | -16.7% |
| Q4 25 | 11.7% | -5.1% | ||
| Q3 25 | 2.8% | -8.0% | ||
| Q2 25 | 4.7% | -4.4% | ||
| Q1 25 | 6.7% | -11.8% | ||
| Q4 24 | 6.2% | -3.8% | ||
| Q3 24 | 1.9% | -11.7% | ||
| Q2 24 | 9.8% | -27.4% | ||
| Q1 24 | 7.6% | -29.4% |
| Q4 25 | $0.08 | $-0.11 | ||
| Q3 25 | $0.02 | $-0.18 | ||
| Q2 25 | $0.03 | $-0.12 | ||
| Q1 25 | $0.04 | $-0.21 | ||
| Q4 24 | $0.05 | $-0.11 | ||
| Q3 24 | $0.01 | $-0.31 | ||
| Q2 24 | $0.06 | $-0.57 | ||
| Q1 24 | $0.04 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $373.2M | $185.1M |
| Stockholders' EquityBook value | $403.5M | $-18.2M |
| Total Assets | $928.3M | $434.9M |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.2M | $10.5M | ||
| Q3 25 | $40.0M | $8.1M | ||
| Q2 25 | $33.4M | $9.1M | ||
| Q1 25 | $74.4M | $5.9M | ||
| Q4 24 | $67.5M | $12.4M | ||
| Q3 24 | $61.5M | $10.1M | ||
| Q2 24 | $31.2M | $9.3M | ||
| Q1 24 | $29.0M | $7.5M |
| Q4 25 | $373.2M | $185.1M | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | $202.7M | ||
| Q3 24 | $319.4M | — | ||
| Q2 24 | $300.6M | — | ||
| Q1 24 | $314.0M | — |
| Q4 25 | $403.5M | $-18.2M | ||
| Q3 25 | $396.8M | $-12.1M | ||
| Q2 25 | $388.9M | $-7.7M | ||
| Q1 25 | $374.3M | $-8.1M | ||
| Q4 24 | $386.9M | $-4.4M | ||
| Q3 24 | $394.1M | $1.6M | ||
| Q2 24 | $396.9M | $6.5M | ||
| Q1 24 | $400.1M | $18.0M |
| Q4 25 | $928.3M | $434.9M | ||
| Q3 25 | $936.0M | $435.2M | ||
| Q2 25 | $932.2M | $438.1M | ||
| Q1 25 | $877.4M | $441.0M | ||
| Q4 24 | $869.3M | $471.0M | ||
| Q3 24 | $857.0M | $495.7M | ||
| Q2 24 | $823.2M | $494.9M | ||
| Q1 24 | $832.8M | $494.9M |
| Q4 25 | 0.93× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 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 | $23.0M | $4.3M |
| Free Cash FlowOCF − Capex | $18.1M | $4.1M |
| FCF MarginFCF / Revenue | 22.3% | 8.2% |
| Capex IntensityCapex / Revenue | 6.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.0M | $4.3M | ||
| Q3 25 | $-8.6M | $295.0K | ||
| Q2 25 | $13.4M | $1.6M | ||
| Q1 25 | $-4.7M | $-7.7M | ||
| Q4 24 | $101.0M | $8.0M | ||
| Q3 24 | $27.5M | $1.3M | ||
| Q2 24 | $34.8M | $-10.4M | ||
| Q1 24 | $11.0M | $-2.8M |
| Q4 25 | $18.1M | $4.1M | ||
| Q3 25 | $-9.5M | $-246.0K | ||
| Q2 25 | $11.6M | $1.2M | ||
| Q1 25 | $-6.0M | $-8.0M | ||
| Q4 24 | $96.6M | $7.0M | ||
| Q3 24 | $25.2M | $-1.1M | ||
| Q2 24 | $33.9M | $-10.6M | ||
| Q1 24 | $10.7M | $-4.7M |
| Q4 25 | 22.3% | 8.2% | ||
| Q3 25 | -12.6% | -0.5% | ||
| Q2 25 | 15.9% | 1.9% | ||
| Q1 25 | -8.9% | -19.8% | ||
| Q4 24 | 113.6% | 12.0% | ||
| Q3 24 | 34.0% | -1.8% | ||
| Q2 24 | 47.7% | -22.7% | ||
| Q1 24 | 16.2% | -10.4% |
| Q4 25 | 6.0% | 0.3% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 5.2% | 1.7% | ||
| Q3 24 | 3.0% | 4.0% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 0.4% | 4.3% |
| Q4 25 | 2.43× | — | ||
| Q3 25 | -4.01× | — | ||
| Q2 25 | 3.96× | — | ||
| Q1 25 | -1.05× | — | ||
| Q4 24 | 19.12× | — | ||
| Q3 24 | 19.54× | — | ||
| Q2 24 | 4.98× | — | ||
| Q1 24 | 2.18× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
