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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
Janus International Group, Inc. is the larger business by last-quarter revenue ($219.3M vs $165.3M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -4.7%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
IRT vs JBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $219.3M |
| Net Profit | — | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | — | 13.4% |
| Net Margin | — | 6.9% |
| Revenue YoY | 2.5% | -4.7% |
| Net Profit YoY | — | 28.8% |
| EPS (diluted) | $0.00 | $0.11 |
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 | $165.3M | — | ||
| Q4 25 | $167.1M | — | ||
| Q3 25 | $167.1M | $219.3M | ||
| Q2 25 | $162.2M | $228.1M | ||
| Q1 25 | $161.2M | $210.5M | ||
| Q4 24 | $161.0M | $230.8M | ||
| Q3 24 | $160.1M | $230.1M | ||
| Q2 24 | $158.4M | $248.4M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | — | ||
| Q3 25 | $6.9M | $15.2M | ||
| Q2 25 | $8.0M | $20.7M | ||
| Q1 25 | $8.4M | $10.8M | ||
| Q4 24 | $-1.0M | $300.0K | ||
| Q3 24 | $12.4M | $11.8M | ||
| Q2 24 | $10.4M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 12.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 20.8% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 4.1% | 6.9% | ||
| Q2 25 | 5.0% | 9.1% | ||
| Q1 25 | 5.2% | 5.1% | ||
| Q4 24 | -0.6% | 0.1% | ||
| Q3 24 | 7.7% | 5.1% | ||
| Q2 24 | 6.5% | 11.1% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.03 | $0.11 | ||
| Q2 25 | $0.03 | $0.15 | ||
| Q1 25 | $0.04 | $0.08 | ||
| Q4 24 | $-0.01 | $0.01 | ||
| Q3 24 | $0.05 | $0.08 | ||
| Q2 24 | $0.05 | $0.19 |
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 | — | — |
| Stockholders' EquityBook value | $3.4B | $560.8M |
| Total Assets | $6.1B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
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 | $102.1M | ||
| Q2 24 | $21.0M | $110.1M |
| 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 | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | $560.8M | ||
| Q2 25 | $3.4B | $543.8M | ||
| Q1 25 | $3.5B | $526.8M | ||
| Q4 24 | $3.4B | $518.8M | ||
| Q3 24 | $3.4B | $526.6M | ||
| Q2 24 | $3.4B | $556.3M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | — | ||
| Q3 25 | $6.1B | $1.3B | ||
| Q2 25 | $6.0B | $1.3B | ||
| Q1 25 | $6.0B | $1.3B | ||
| Q4 24 | $6.1B | $1.3B | ||
| Q3 24 | $5.9B | $1.3B | ||
| Q2 24 | $5.9B | $1.3B |
| 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× | — | ||
| 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 | — | $15.0M |
| Free Cash FlowOCF − Capex | — | $8.3M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | — | ||
| Q3 25 | $79.3M | $15.0M | ||
| Q2 25 | $82.2M | $51.4M | ||
| Q1 25 | $60.4M | $48.3M | ||
| Q4 24 | $259.8M | $51.4M | ||
| Q3 24 | $69.2M | $43.0M | ||
| Q2 24 | $83.0M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $44.6M | ||
| Q1 25 | — | $41.9M | ||
| Q4 24 | — | $45.3M | ||
| Q3 24 | — | $39.3M | ||
| Q2 24 | — | $25.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 10.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | 0.99× | ||
| Q2 25 | 10.22× | 2.48× | ||
| Q1 25 | 7.23× | 4.47× | ||
| Q4 24 | — | 171.33× | ||
| Q3 24 | 5.60× | 3.64× | ||
| Q2 24 | 8.02× | 1.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
