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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $128.3M, roughly 1.3× Granite Ridge Resources, Inc.). On growth, Granite Ridge Resources, Inc. posted the faster year-over-year revenue change (4.3% vs 2.5%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (18.9% CAGR vs 2.2%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs IRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $165.3M |
| Net Profit | $-47.0M | — |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -36.7% | — |
| Revenue YoY | 4.3% | 2.5% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.36 | $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.
| Q1 26 | $128.3M | $165.3M | ||
| Q4 25 | $105.5M | $167.1M | ||
| Q3 25 | $112.7M | $167.1M | ||
| Q2 25 | $109.2M | $162.2M | ||
| Q1 25 | $122.9M | $161.2M | ||
| Q4 24 | $106.3M | $161.0M | ||
| Q3 24 | $94.1M | $160.1M | ||
| Q2 24 | $90.7M | $158.4M |
| Q1 26 | $-47.0M | — | ||
| Q4 25 | — | $33.3M | ||
| Q3 25 | $14.5M | $6.9M | ||
| Q2 25 | $25.1M | $8.0M | ||
| Q1 25 | $9.8M | $8.4M | ||
| Q4 24 | — | $-1.0M | ||
| Q3 24 | $9.1M | $12.4M | ||
| Q2 24 | $5.1M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | -34.5% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 34.6% | — | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 24.1% | — |
| Q1 26 | -36.7% | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | 12.9% | 4.1% | ||
| Q2 25 | 23.0% | 5.0% | ||
| Q1 25 | 8.0% | 5.2% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | 9.6% | 7.7% | ||
| Q2 24 | 5.6% | 6.5% |
| Q1 26 | $-0.36 | $0.00 | ||
| Q4 25 | $-0.19 | $0.14 | ||
| Q3 25 | $0.11 | $0.03 | ||
| Q2 25 | $0.19 | $0.03 | ||
| Q1 25 | $0.07 | $0.04 | ||
| Q4 24 | $-0.09 | $-0.01 | ||
| Q3 24 | $0.07 | $0.05 | ||
| Q2 24 | $0.04 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $23.3M |
| Total DebtLower is stronger | $26.3M | — |
| Stockholders' EquityBook value | $545.6M | $3.4B |
| Total Assets | $1.2B | $6.1B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q1 26 | $26.3M | — | ||
| Q4 25 | $367.8M | $2.3B | ||
| Q3 25 | $300.0M | $2.3B | ||
| Q2 25 | $275.0M | $2.2B | ||
| Q1 25 | $250.0M | $2.3B | ||
| Q4 24 | $205.0M | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
| Q1 26 | $545.6M | $3.4B | ||
| Q4 25 | $605.8M | $3.5B | ||
| Q3 25 | $643.9M | $3.5B | ||
| Q2 25 | $642.5M | $3.4B | ||
| Q1 25 | $631.4M | $3.5B | ||
| Q4 24 | $635.4M | $3.4B | ||
| Q3 24 | $660.6M | $3.4B | ||
| Q2 24 | $665.3M | $3.4B |
| Q1 26 | $1.2B | $6.1B | ||
| Q4 25 | $1.2B | $6.0B | ||
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.1B | $6.0B | ||
| Q1 25 | $1.1B | $6.0B | ||
| Q4 24 | $1.0B | $6.1B | ||
| Q3 24 | $1.0B | $5.9B | ||
| Q2 24 | $990.5M | $5.9B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.61× | 0.66× | ||
| Q3 25 | 0.47× | 0.66× | ||
| Q2 25 | 0.43× | 0.66× | ||
| Q1 25 | 0.40× | 0.65× | ||
| Q4 24 | 0.32× | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $58.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 47.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $282.1M | ||
| Q3 25 | $77.8M | $79.3M | ||
| Q2 25 | $78.0M | $82.2M | ||
| Q1 25 | $76.1M | $60.4M | ||
| Q4 24 | $68.2M | $259.8M | ||
| Q3 24 | $74.7M | $69.2M | ||
| Q2 24 | $64.2M | $83.0M |
| Q1 26 | 47.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.48× | ||
| Q3 25 | 5.36× | 11.51× | ||
| Q2 25 | 3.11× | 10.22× | ||
| Q1 25 | 7.75× | 7.23× | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | 5.60× | ||
| Q2 24 | 12.58× | 8.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
