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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) 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 $115.1M, roughly 1.4× FLEXSTEEL INDUSTRIES INC). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -64.7%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs 1.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

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.

FLXS vs IRT — Head-to-Head

Bigger by revenue
IRT
IRT
1.4× larger
IRT
$165.3M
$115.1M
FLXS
Growing faster (revenue YoY)
IRT
IRT
+67.3% gap
IRT
2.5%
-64.7%
FLXS
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q1 FY2026

Metric
FLXS
FLXS
IRT
IRT
Revenue
$115.1M
$165.3M
Net Profit
$20.4M
Gross Margin
22.6%
Operating Margin
Net Margin
17.7%
Revenue YoY
-64.7%
2.5%
Net Profit YoY
116.0%
EPS (diluted)
$1.14
$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
FLXS
FLXS
IRT
IRT
Q3 26
$115.1M
Q1 26
$165.3M
Q4 25
$118.2M
$167.1M
Q3 25
$110.4M
$167.1M
Q2 25
$114.6M
$162.2M
Q1 25
$114.0M
$161.2M
Q4 24
$108.5M
$161.0M
Q3 24
$104.0M
$160.1M
Net Profit
FLXS
FLXS
IRT
IRT
Q3 26
$20.4M
Q1 26
Q4 25
$6.6M
$33.3M
Q3 25
$7.3M
$6.9M
Q2 25
$10.7M
$8.0M
Q1 25
$-3.7M
$8.4M
Q4 24
$9.1M
$-1.0M
Q3 24
$4.1M
$12.4M
Gross Margin
FLXS
FLXS
IRT
IRT
Q3 26
22.6%
Q1 26
Q4 25
22.7%
Q3 25
23.5%
Q2 25
23.9%
Q1 25
22.2%
Q4 24
21.0%
Q3 24
21.5%
Operating Margin
FLXS
FLXS
IRT
IRT
Q3 26
Q1 26
Q4 25
7.6%
Q3 25
8.1%
Q2 25
12.2%
Q1 25
-4.4%
Q4 24
10.7%
Q3 24
5.8%
Net Margin
FLXS
FLXS
IRT
IRT
Q3 26
17.7%
Q1 26
Q4 25
5.6%
19.9%
Q3 25
6.6%
4.1%
Q2 25
9.3%
5.0%
Q1 25
-3.3%
5.2%
Q4 24
8.3%
-0.6%
Q3 24
4.0%
7.7%
EPS (diluted)
FLXS
FLXS
IRT
IRT
Q3 26
$1.14
Q1 26
$0.00
Q4 25
$1.18
$0.14
Q3 25
$1.31
$0.03
Q2 25
$1.90
$0.03
Q1 25
$-0.71
$0.04
Q4 24
$1.62
$-0.01
Q3 24
$0.74
$0.05

Balance Sheet & Financial Strength

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

Metric
FLXS
FLXS
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$57.3M
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$185.3M
$3.4B
Total Assets
$290.2M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
IRT
IRT
Q3 26
$57.3M
Q1 26
$23.3M
Q4 25
$36.8M
$23.6M
Q3 25
$38.6M
$23.3M
Q2 25
$40.0M
$19.5M
Q1 25
$22.6M
$29.1M
Q4 24
$11.8M
$21.2M
Q3 24
$5.7M
$17.6M
Total Debt
FLXS
FLXS
IRT
IRT
Q3 26
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Stockholders' Equity
FLXS
FLXS
IRT
IRT
Q3 26
$185.3M
Q1 26
$3.4B
Q4 25
$178.9M
$3.5B
Q3 25
$172.2M
$3.5B
Q2 25
$167.9M
$3.4B
Q1 25
$158.1M
$3.5B
Q4 24
$161.9M
$3.4B
Q3 24
$154.7M
$3.4B
Total Assets
FLXS
FLXS
IRT
IRT
Q3 26
$290.2M
Q1 26
$6.1B
Q4 25
$290.2M
$6.0B
Q3 25
$281.5M
$6.1B
Q2 25
$282.5M
$6.0B
Q1 25
$266.1M
$6.0B
Q4 24
$271.5M
$6.1B
Q3 24
$268.7M
$5.9B
Debt / Equity
FLXS
FLXS
IRT
IRT
Q3 26
Q1 26
Q4 25
0.66×
Q3 25
0.66×
Q2 25
0.66×
Q1 25
0.65×
Q4 24
0.68×
Q3 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
FLXS
FLXS
IRT
IRT
Operating Cash FlowLast quarter
$27.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
IRT
IRT
Q3 26
$27.2M
Q1 26
Q4 25
$1.0M
$282.1M
Q3 25
$4.1M
$79.3M
Q2 25
$15.6M
$82.2M
Q1 25
$12.3M
$60.4M
Q4 24
$6.7M
$259.8M
Q3 24
$2.4M
$69.2M
Free Cash Flow
FLXS
FLXS
IRT
IRT
Q3 26
Q1 26
Q4 25
$-735.0K
Q3 25
$2.8M
Q2 25
$15.1M
Q1 25
$10.9M
Q4 24
$5.8M
Q3 24
$2.0M
FCF Margin
FLXS
FLXS
IRT
IRT
Q3 26
Q1 26
Q4 25
-0.6%
Q3 25
2.5%
Q2 25
13.1%
Q1 25
9.6%
Q4 24
5.3%
Q3 24
1.9%
Capex Intensity
FLXS
FLXS
IRT
IRT
Q3 26
Q1 26
Q4 25
1.5%
Q3 25
1.2%
Q2 25
0.5%
Q1 25
1.2%
Q4 24
0.8%
Q3 24
0.4%
Cash Conversion
FLXS
FLXS
IRT
IRT
Q3 26
1.33×
Q1 26
Q4 25
0.15×
8.48×
Q3 25
0.56×
11.51×
Q2 25
1.46×
10.22×
Q1 25
7.23×
Q4 24
0.74×
Q3 24
0.58×
5.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLXS
FLXS

Segment breakdown not available.

IRT
IRT

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

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