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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $165.3M, roughly 1.1× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -1.8%). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs 2.2%).

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

AMPH vs IRT — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.1× larger
AMPH
$183.1M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+4.4% gap
IRT
2.5%
-1.8%
AMPH
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
2.2%
IRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMPH
AMPH
IRT
IRT
Revenue
$183.1M
$165.3M
Net Profit
$24.4M
Gross Margin
46.8%
Operating Margin
19.4%
Net Margin
13.3%
Revenue YoY
-1.8%
2.5%
Net Profit YoY
-35.7%
EPS (diluted)
$0.51
$0.00

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
AMPH
AMPH
IRT
IRT
Q1 26
$165.3M
Q4 25
$183.1M
$167.1M
Q3 25
$191.8M
$167.1M
Q2 25
$174.4M
$162.2M
Q1 25
$170.5M
$161.2M
Q4 24
$186.5M
$161.0M
Q3 24
$191.2M
$160.1M
Q2 24
$182.4M
$158.4M
Net Profit
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
$24.4M
$33.3M
Q3 25
$17.4M
$6.9M
Q2 25
$31.0M
$8.0M
Q1 25
$25.3M
$8.4M
Q4 24
$38.0M
$-1.0M
Q3 24
$40.4M
$12.4M
Q2 24
$37.9M
$10.4M
Gross Margin
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
46.8%
Q3 25
51.4%
Q2 25
49.6%
Q1 25
50.0%
Q4 24
46.5%
Q3 24
53.3%
Q2 24
52.2%
Operating Margin
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
19.4%
Q3 25
13.2%
Q2 25
24.2%
Q1 25
21.9%
Q4 24
24.2%
Q3 24
29.8%
Q2 24
30.3%
Net Margin
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
13.3%
19.9%
Q3 25
9.0%
4.1%
Q2 25
17.8%
5.0%
Q1 25
14.8%
5.2%
Q4 24
20.4%
-0.6%
Q3 24
21.1%
7.7%
Q2 24
20.8%
6.5%
EPS (diluted)
AMPH
AMPH
IRT
IRT
Q1 26
$0.00
Q4 25
$0.51
$0.14
Q3 25
$0.37
$0.03
Q2 25
$0.64
$0.03
Q1 25
$0.51
$0.04
Q4 24
$0.74
$-0.01
Q3 24
$0.78
$0.05
Q2 24
$0.73
$0.05

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$282.8M
$23.3M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$3.4B
Total Assets
$1.6B
$6.1B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
IRT
IRT
Q1 26
$23.3M
Q4 25
$282.8M
$23.6M
Q3 25
$276.2M
$23.3M
Q2 25
$231.8M
$19.5M
Q1 25
$236.9M
$29.1M
Q4 24
$221.6M
$21.2M
Q3 24
$250.5M
$17.6M
Q2 24
$217.8M
$21.0M
Total Debt
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
$608.7M
$2.3B
Q3 25
$608.6M
$2.3B
Q2 25
$607.7M
$2.2B
Q1 25
$603.9M
$2.3B
Q4 24
$601.6M
$2.3B
Q3 24
$596.4M
$2.3B
Q2 24
$586.9M
$2.3B
Stockholders' Equity
AMPH
AMPH
IRT
IRT
Q1 26
$3.4B
Q4 25
$788.8M
$3.5B
Q3 25
$776.7M
$3.5B
Q2 25
$757.5M
$3.4B
Q1 25
$751.3M
$3.5B
Q4 24
$732.3M
$3.4B
Q3 24
$727.7M
$3.4B
Q2 24
$713.3M
$3.4B
Total Assets
AMPH
AMPH
IRT
IRT
Q1 26
$6.1B
Q4 25
$1.6B
$6.0B
Q3 25
$1.7B
$6.1B
Q2 25
$1.6B
$6.0B
Q1 25
$1.6B
$6.0B
Q4 24
$1.6B
$6.1B
Q3 24
$1.5B
$5.9B
Q2 24
$1.5B
$5.9B
Debt / Equity
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
0.77×
0.66×
Q3 25
0.78×
0.66×
Q2 25
0.80×
0.66×
Q1 25
0.80×
0.65×
Q4 24
0.82×
0.68×
Q3 24
0.82×
0.68×
Q2 24
0.82×
0.66×

Cash Flow & Capital Efficiency

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

Metric
AMPH
AMPH
IRT
IRT
Operating Cash FlowLast quarter
$32.9M
Free Cash FlowOCF − Capex
$24.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
$32.9M
$282.1M
Q3 25
$52.6M
$79.3M
Q2 25
$35.6M
$82.2M
Q1 25
$35.1M
$60.4M
Q4 24
$29.0M
$259.8M
Q3 24
$60.0M
$69.2M
Q2 24
$69.1M
$83.0M
Free Cash Flow
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
Q4 24
$16.6M
Q3 24
$46.2M
Q2 24
$63.1M
FCF Margin
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
Q4 24
8.9%
Q3 24
24.1%
Q2 24
34.6%
Capex Intensity
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
4.5%
Q3 25
2.8%
Q2 25
6.1%
Q1 25
6.3%
Q4 24
6.7%
Q3 24
7.2%
Q2 24
3.3%
Cash Conversion
AMPH
AMPH
IRT
IRT
Q1 26
Q4 25
1.35×
8.48×
Q3 25
3.03×
11.51×
Q2 25
1.15×
10.22×
Q1 25
1.39×
7.23×
Q4 24
0.76×
Q3 24
1.48×
5.60×
Q2 24
1.82×
8.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

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