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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and LANDS' END, INC. (LE). Click either name above to swap in a different company.

LANDS' END, INC. is the larger business by last-quarter revenue ($317.5M vs $165.3M, roughly 1.9× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 0.1%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -0.9%).

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.

Lands' End, Inc. is an American retailer of clothing, baggage, and furniture which began as a mail-order yachting supply company in 1963 in Chicago. The company is named after Land's End; after promotional materials were printed, the founder noticed the typographical error in the location of the apostrophe, but could not afford to reprint the material. The company operates 26 domestic stores as of February 2024. Lands' End is headquartered in Dodgeville, Wisconsin.

IRT vs LE — Head-to-Head

Bigger by revenue
LE
LE
1.9× larger
LE
$317.5M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+2.4% gap
IRT
2.5%
0.1%
LE
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-0.9%
LE

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
IRT
IRT
LE
LE
Revenue
$165.3M
$317.5M
Net Profit
$5.2M
Gross Margin
51.8%
Operating Margin
5.3%
Net Margin
1.6%
Revenue YoY
2.5%
0.1%
Net Profit YoY
198.3%
EPS (diluted)
$0.00
$0.17

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
IRT
IRT
LE
LE
Q1 26
$165.3M
Q4 25
$167.1M
$317.5M
Q3 25
$167.1M
Q2 25
$162.2M
$261.2M
Q1 25
$161.2M
Q4 24
$161.0M
$318.6M
Q3 24
$160.1M
$317.2M
Q2 24
$158.4M
$285.5M
Net Profit
IRT
IRT
LE
LE
Q1 26
Q4 25
$33.3M
$5.2M
Q3 25
$6.9M
Q2 25
$8.0M
$-8.3M
Q1 25
$8.4M
Q4 24
$-1.0M
$-593.0K
Q3 24
$12.4M
$-5.3M
Q2 24
$10.4M
$-6.4M
Gross Margin
IRT
IRT
LE
LE
Q1 26
Q4 25
51.8%
Q3 25
Q2 25
50.8%
Q1 25
Q4 24
50.6%
Q3 24
47.9%
Q2 24
48.7%
Operating Margin
IRT
IRT
LE
LE
Q1 26
Q4 25
5.3%
Q3 25
Q2 25
-0.9%
Q1 25
Q4 24
2.9%
Q3 24
0.8%
Q2 24
0.8%
Net Margin
IRT
IRT
LE
LE
Q1 26
Q4 25
19.9%
1.6%
Q3 25
4.1%
Q2 25
5.0%
-3.2%
Q1 25
5.2%
Q4 24
-0.6%
-0.2%
Q3 24
7.7%
-1.7%
Q2 24
6.5%
-2.3%
EPS (diluted)
IRT
IRT
LE
LE
Q1 26
$0.00
Q4 25
$0.14
$0.17
Q3 25
$0.03
Q2 25
$0.03
$-0.27
Q1 25
$0.04
Q4 24
$-0.01
$-0.02
Q3 24
$0.05
$-0.17
Q2 24
$0.05
$-0.20

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
LE
LE
Cash + ST InvestmentsLiquidity on hand
$23.3M
$36.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$231.0M
Total Assets
$6.1B
$852.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
LE
LE
Q1 26
$23.3M
Q4 25
$23.6M
$36.3M
Q3 25
$23.3M
Q2 25
$19.5M
$18.1M
Q1 25
$29.1M
Q4 24
$21.2M
$30.4M
Q3 24
$17.6M
$25.6M
Q2 24
$21.0M
$27.4M
Total Debt
IRT
IRT
LE
LE
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
Stockholders' Equity
IRT
IRT
LE
LE
Q1 26
$3.4B
Q4 25
$3.5B
$231.0M
Q3 25
$3.5B
Q2 25
$3.4B
$230.1M
Q1 25
$3.5B
Q4 24
$3.4B
$223.6M
Q3 24
$3.4B
$226.5M
Q2 24
$3.4B
$234.6M
Total Assets
IRT
IRT
LE
LE
Q1 26
$6.1B
Q4 25
$6.0B
$852.7M
Q3 25
$6.1B
Q2 25
$6.0B
$760.5M
Q1 25
$6.0B
Q4 24
$6.1B
$843.6M
Q3 24
$5.9B
$802.5M
Q2 24
$5.9B
$800.1M
Debt / Equity
IRT
IRT
LE
LE
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
IRT
IRT
LE
LE
Operating Cash FlowLast quarter
$-15.7M
Free Cash FlowOCF − Capex
$-22.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-3.03×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
LE
LE
Q1 26
Q4 25
$282.1M
$-15.7M
Q3 25
$79.3M
Q2 25
$82.2M
$-22.5M
Q1 25
$60.4M
Q4 24
$259.8M
$-17.1M
Q3 24
$69.2M
$30.7M
Q2 24
$83.0M
$-25.8M
Free Cash Flow
IRT
IRT
LE
LE
Q1 26
Q4 25
$-22.4M
Q3 25
Q2 25
$-30.7M
Q1 25
Q4 24
$-27.8M
Q3 24
$26.0M
Q2 24
$-32.6M
FCF Margin
IRT
IRT
LE
LE
Q1 26
Q4 25
-7.1%
Q3 25
Q2 25
-11.8%
Q1 25
Q4 24
-8.7%
Q3 24
8.2%
Q2 24
-11.4%
Capex Intensity
IRT
IRT
LE
LE
Q1 26
Q4 25
2.1%
Q3 25
Q2 25
3.2%
Q1 25
Q4 24
3.3%
Q3 24
1.5%
Q2 24
2.4%
Cash Conversion
IRT
IRT
LE
LE
Q1 26
Q4 25
8.48×
-3.03×
Q3 25
11.51×
Q2 25
10.22×
Q1 25
7.23×
Q4 24
Q3 24
5.60×
Q2 24
8.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRT
IRT

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

LE
LE

U Se Commerce$179.8M57%
Business Outfitters Revenue$78.8M25%
Licensing And Retail$20.2M6%
Other$19.8M6%
Third Party$18.9M6%

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