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

INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $154.8M, roughly 1.1× Commercial Vehicle Group, Inc.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -5.2%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs IRT — Head-to-Head

Bigger by revenue
IRT
IRT
1.1× larger
IRT
$165.3M
$154.8M
CVGI
Growing faster (revenue YoY)
IRT
IRT
+7.8% gap
IRT
2.5%
-5.2%
CVGI
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVGI
CVGI
IRT
IRT
Revenue
$154.8M
$165.3M
Net Profit
Gross Margin
9.7%
Operating Margin
-1.2%
Net Margin
Revenue YoY
-5.2%
2.5%
Net Profit YoY
EPS (diluted)
$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
CVGI
CVGI
IRT
IRT
Q1 26
$165.3M
Q4 25
$154.8M
$167.1M
Q3 25
$152.5M
$167.1M
Q2 25
$172.0M
$162.2M
Q1 25
$169.8M
$161.2M
Q4 24
$163.3M
$161.0M
Q3 24
$171.8M
$160.1M
Q2 24
$193.7M
$158.4M
Net Profit
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
$33.3M
Q3 25
$-7.1M
$6.9M
Q2 25
$-4.8M
$8.0M
Q1 25
$-4.3M
$8.4M
Q4 24
$-1.0M
Q3 24
$9.5M
$12.4M
Q2 24
$-1.6M
$10.4M
Gross Margin
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
9.7%
Q3 25
10.5%
Q2 25
11.4%
Q1 25
10.5%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
10.6%
Operating Margin
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
-1.2%
Q3 25
-0.7%
Q2 25
0.5%
Q1 25
0.8%
Q4 24
-3.2%
Q3 24
-0.6%
Q2 24
0.5%
Net Margin
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
19.9%
Q3 25
-4.6%
4.1%
Q2 25
-2.8%
5.0%
Q1 25
-2.5%
5.2%
Q4 24
-0.6%
Q3 24
5.5%
7.7%
Q2 24
-0.8%
6.5%
EPS (diluted)
CVGI
CVGI
IRT
IRT
Q1 26
$0.00
Q4 25
$0.14
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$0.04
Q4 24
$-0.01
Q3 24
$0.05
Q2 24
$-0.05
$0.05

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$23.3M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
$3.4B
Total Assets
$391.7M
$6.1B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
IRT
IRT
Q1 26
$23.3M
Q4 25
$23.6M
Q3 25
$23.3M
Q2 25
$19.5M
Q1 25
$29.1M
Q4 24
$21.2M
Q3 24
$17.6M
Q2 24
$21.0M
Total Debt
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
$104.9M
$2.3B
Q3 25
$108.2M
$2.3B
Q2 25
$118.2M
$2.2B
Q1 25
$117.4M
$2.3B
Q4 24
$135.5M
$2.3B
Q3 24
$128.8M
$2.3B
Q2 24
$142.0M
$2.3B
Stockholders' Equity
CVGI
CVGI
IRT
IRT
Q1 26
$3.4B
Q4 25
$133.4M
$3.5B
Q3 25
$136.5M
$3.5B
Q2 25
$142.6M
$3.4B
Q1 25
$136.7M
$3.5B
Q4 24
$135.6M
$3.4B
Q3 24
$179.3M
$3.4B
Q2 24
$169.6M
$3.4B
Total Assets
CVGI
CVGI
IRT
IRT
Q1 26
$6.1B
Q4 25
$391.7M
$6.0B
Q3 25
$400.3M
$6.1B
Q2 25
$429.8M
$6.0B
Q1 25
$419.8M
$6.0B
Q4 24
$424.6M
$6.1B
Q3 24
$495.3M
$5.9B
Q2 24
$503.2M
$5.9B
Debt / Equity
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
0.79×
0.66×
Q3 25
0.79×
0.66×
Q2 25
0.83×
0.66×
Q1 25
0.86×
0.65×
Q4 24
1.00×
0.68×
Q3 24
0.72×
0.68×
Q2 24
0.84×
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
CVGI
CVGI
IRT
IRT
Operating Cash FlowLast quarter
$12.3M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
$12.3M
$282.1M
Q3 25
$-1.7M
$79.3M
Q2 25
$18.9M
$82.2M
Q1 25
$15.2M
$60.4M
Q4 24
$-26.6M
$259.8M
Q3 24
$-17.1M
$69.2M
Q2 24
$12.6M
$83.0M
Free Cash Flow
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
$8.7M
Q3 25
$-3.5M
Q2 25
$17.4M
Q1 25
$11.4M
Q4 24
$-30.6M
Q3 24
$-20.3M
Q2 24
$6.4M
FCF Margin
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
5.6%
Q3 25
-2.3%
Q2 25
10.1%
Q1 25
6.7%
Q4 24
-18.7%
Q3 24
-11.8%
Q2 24
3.3%
Capex Intensity
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
2.3%
Q3 25
1.2%
Q2 25
0.9%
Q1 25
2.2%
Q4 24
2.4%
Q3 24
1.9%
Q2 24
3.2%
Cash Conversion
CVGI
CVGI
IRT
IRT
Q1 26
Q4 25
8.48×
Q3 25
11.51×
Q2 25
10.22×
Q1 25
7.23×
Q4 24
Q3 24
-1.79×
5.60×
Q2 24
8.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

IRT
IRT

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

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