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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $165.3M, roughly 1.9× INDEPENDENCE REALTY TRUST, INC.). On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs 2.5%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs 2.2%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
IRT vs LOPE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $308.1M |
| Net Profit | — | $86.7M |
| Gross Margin | — | — |
| Operating Margin | — | 35.1% |
| Net Margin | — | 28.1% |
| Revenue YoY | 2.5% | 5.3% |
| Net Profit YoY | — | 5.9% |
| EPS (diluted) | $0.00 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $167.1M | $261.1M | ||
| Q2 25 | $162.2M | $247.5M | ||
| Q1 25 | $161.2M | $289.3M | ||
| Q4 24 | $161.0M | $292.6M | ||
| Q3 24 | $160.1M | $238.3M | ||
| Q2 24 | $158.4M | $227.5M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $86.7M | ||
| Q3 25 | $6.9M | $16.3M | ||
| Q2 25 | $8.0M | $41.5M | ||
| Q1 25 | $8.4M | $71.6M | ||
| Q4 24 | $-1.0M | $81.9M | ||
| Q3 24 | $12.4M | $41.5M | ||
| Q2 24 | $10.4M | $34.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.1% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 34.2% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 18.8% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 28.1% | ||
| Q3 25 | 4.1% | 6.2% | ||
| Q2 25 | 5.0% | 16.8% | ||
| Q1 25 | 5.2% | 24.8% | ||
| Q4 24 | -0.6% | 28.0% | ||
| Q3 24 | 7.7% | 17.4% | ||
| Q2 24 | 6.5% | 15.3% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $3.13 | ||
| Q3 25 | $0.03 | $0.58 | ||
| Q2 25 | $0.03 | $1.48 | ||
| Q1 25 | $0.04 | $2.52 | ||
| Q4 24 | $-0.01 | $2.83 | ||
| Q3 24 | $0.05 | $1.42 | ||
| Q2 24 | $0.05 | $1.19 |
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 | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $746.9M |
| Total Assets | $6.1B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $111.8M | ||
| Q3 25 | $23.3M | $97.3M | ||
| Q2 25 | $19.5M | $192.3M | ||
| Q1 25 | $29.1M | $144.5M | ||
| Q4 24 | $21.2M | $324.6M | ||
| Q3 24 | $17.6M | $263.6M | ||
| Q2 24 | $21.0M | $241.3M |
| 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 | $746.9M | ||
| Q3 25 | $3.5B | $758.0M | ||
| Q2 25 | $3.4B | $778.0M | ||
| Q1 25 | $3.5B | $780.7M | ||
| Q4 24 | $3.4B | $783.9M | ||
| Q3 24 | $3.4B | $764.1M | ||
| Q2 24 | $3.4B | $759.2M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $992.3M | ||
| Q3 25 | $6.1B | $1.0B | ||
| Q2 25 | $6.0B | $1.0B | ||
| Q1 25 | $6.0B | $1.0B | ||
| Q4 24 | $6.1B | $1.0B | ||
| Q3 24 | $5.9B | $992.9M | ||
| Q2 24 | $5.9B | $992.7M |
| 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 | — | $130.5M |
| Free Cash FlowOCF − Capex | — | $122.9M |
| FCF MarginFCF / Revenue | — | 39.9% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $130.5M | ||
| Q3 25 | $79.3M | $-48.6M | ||
| Q2 25 | $82.2M | $124.0M | ||
| Q1 25 | $60.4M | $67.6M | ||
| Q4 24 | $259.8M | $135.8M | ||
| Q3 24 | $69.2M | $-29.4M | ||
| Q2 24 | $83.0M | $98.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $122.9M | ||
| Q3 25 | — | $-58.3M | ||
| Q2 25 | — | $115.4M | ||
| Q1 25 | — | $58.7M | ||
| Q4 24 | — | $126.1M | ||
| Q3 24 | — | $-39.0M | ||
| Q2 24 | — | $89.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.9% | ||
| Q3 25 | — | -22.3% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | -16.3% | ||
| Q2 24 | — | 39.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 1.50× | ||
| Q3 25 | 11.51× | -2.99× | ||
| Q2 25 | 10.22× | 2.98× | ||
| Q1 25 | 7.23× | 0.94× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | 5.60× | -0.71× | ||
| Q2 24 | 8.02× | 2.83× |
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% |
LOPE
Segment breakdown not available.
