15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 2.0% per year over the past 5 years.
Operating margin has contracted, at 5.5% in the latest year.
Financial health
Total debt ($2.6B) exceeds cash ($32M); net debt is $2.5B.
Total debt has grown faster than revenue (6.9% vs -2.0% per year).
Total debt is 13× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$484M
-$178M
61.8%
5.5%
—
$2.6B
$32M
2024
$506M
-$196M
62.9%
10.9%
—
$2.2B
$90M
2023
$515M
-$197M
63.1%
-4.2%
—
$2.1B
$58M
2022
$506M
$54M
61.6%
23.7%
—
$2.0B
$18M
2021
$487M
$12M
61.3%
19.2%
—
—
$27M
2020
$535M
$306M
61.6%
74.9%
—
$1.8B
$46M
2019
$580M
$34M
61.1%
19.8%
—
$2.1B
$90M
2018
$544M
$135M
59.9%
10.4%
—
$2.0B
$23M
2017
$520M
$120M
60.4%
26.0%
—
$1.9B
$202M
2016
$525M
$40M
60.1%
35.3%
—
$2.0B
$194M
2015
—
-$30M
—
—
—
$2.4B
$57M
2014
—
$7M
—
—
—
$2.4B
$258M
2013
—
$43M
—
—
—
$2.6B
$263M
2012
—
$7M
—
—
—
$2.5B
$2M
2011
—
-$4M
—
—
—
$2.4B
$410000
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$127M
-$49M
59.0%
1.2%
—
$2.6B
$36M
Dec '25
$121M
-$37M
61.3%
22.8%
—
$2.6B
$32M
Sep '25
$121M
-$26M
62.6%
20.8%
—
$2.3B
$75M
Jun '25
$121M
-$89M
62.4%
-34.3%
—
$2.3B
$123M
Mar '25
$122M
-$27M
60.8%
12.5%
—
$2.2B
$29M
Dec '24
$122M
-$44M
61.2%
18.0%
—
$2.2B
$90M
Sep '24
$132M
-$165M
64.9%
-7.2%
—
$2.3B
$36M
Jun '24
$125M
$30M
63.1%
15.5%
—
$2.2B
$30M
Mar '24
$126M
-$16M
62.5%
18.1%
—
$2.2B
$43M
Dec '23
$130M
-$157M
64.1%
-60.6%
—
$2.1B
$58M
Sep '23
$129M
-$22M
64.1%
11.0%
—
$2.1B
$48M
Jun '23
$126M
-$13M
63.4%
15.1%
—
$2.1B
$32M
Mar '23
$129M
-$5M
60.7%
18.6%
—
$2.1B
$97M
Dec '22
$129M
$30M
61.7%
23.0%
—
$2.0B
$18M
Sep '22
$126M
$13M
62.2%
29.5%
—
$2.1B
$31M
Jun '22
$124M
$5M
60.0%
21.3%
—
$2.0B
$29M
Mar '22
$128M
$6M
62.4%
20.9%
—
$2.0B
$39M
Dec '21
$126M
$5M
62.4%
18.7%
—
—
$27M
Sep '21
$120M
$967000
60.9%
15.8%
—
$1.8B
$42M
Jun '21
$120M
-$167000
60.5%
18.0%
—
$1.9B
$48M
Valuation over time
How the market has priced BDN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 15.3× (Mar '23) to 17.4× (Dec '23).
The price-to-sales ratio has fallen from 1.6× (Mar '23) to 1.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is BDN growing its revenue and profit?
Over the past 5 years, BRANDYWINE REALTY TRUST's revenue has declined 2.0% per year. These are computed facts, not advice.
How much debt does BDN have?
As of FY2025, BRANDYWINE REALTY TRUST reported $2.6B of total debt against $32M of cash.
What is BDN's profit margin?
In FY2025, gross margin was 61.8%, operating margin 5.5%, and net margin -36.8%.
What is BDN's P/E ratio?
As of Jun '26, BRANDYWINE REALTY TRUST traded at a price-to-earnings ratio of about 17.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.