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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $165.3M, roughly 1.7× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -29.1%).

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.

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

IRT vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.7× larger
MATW
$284.8M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+31.7% gap
IRT
2.5%
-29.1%
MATW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
MATW
MATW
Revenue
$165.3M
$284.8M
Net Profit
$43.6M
Gross Margin
35.0%
Operating Margin
34.2%
Net Margin
15.3%
Revenue YoY
2.5%
-29.1%
Net Profit YoY
1356.6%
EPS (diluted)
$0.00
$1.39

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
MATW
MATW
Q1 26
$165.3M
Q4 25
$167.1M
$284.8M
Q3 25
$167.1M
Q2 25
$162.2M
Q1 25
$161.2M
Q4 24
$161.0M
Q3 24
$160.1M
Q2 24
$158.4M
Net Profit
IRT
IRT
MATW
MATW
Q1 26
Q4 25
$33.3M
$43.6M
Q3 25
$6.9M
Q2 25
$8.0M
Q1 25
$8.4M
Q4 24
$-1.0M
Q3 24
$12.4M
Q2 24
$10.4M
Gross Margin
IRT
IRT
MATW
MATW
Q1 26
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
IRT
IRT
MATW
MATW
Q1 26
Q4 25
34.2%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
IRT
IRT
MATW
MATW
Q1 26
Q4 25
19.9%
15.3%
Q3 25
4.1%
Q2 25
5.0%
Q1 25
5.2%
Q4 24
-0.6%
Q3 24
7.7%
Q2 24
6.5%
EPS (diluted)
IRT
IRT
MATW
MATW
Q1 26
$0.00
Q4 25
$0.14
$1.39
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$0.04
Q4 24
$-0.01
Q3 24
$0.05
Q2 24
$0.05

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$23.3M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$3.4B
$543.2M
Total Assets
$6.1B
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
MATW
MATW
Q1 26
$23.3M
Q4 25
$23.6M
$31.4M
Q3 25
$23.3M
Q2 25
$19.5M
Q1 25
$29.1M
Q4 24
$21.2M
Q3 24
$17.6M
Q2 24
$21.0M
Total Debt
IRT
IRT
MATW
MATW
Q1 26
Q4 25
$2.3B
$529.8M
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
MATW
MATW
Q1 26
$3.4B
Q4 25
$3.5B
$543.2M
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$3.5B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$3.4B
Total Assets
IRT
IRT
MATW
MATW
Q1 26
$6.1B
Q4 25
$6.0B
$1.6B
Q3 25
$6.1B
Q2 25
$6.0B
Q1 25
$6.0B
Q4 24
$6.1B
Q3 24
$5.9B
Q2 24
$5.9B
Debt / Equity
IRT
IRT
MATW
MATW
Q1 26
Q4 25
0.66×
0.98×
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
MATW
MATW
Operating Cash FlowLast quarter
$-52.0M
Free Cash FlowOCF − Capex
$-57.2M
FCF MarginFCF / Revenue
-20.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
MATW
MATW
Q1 26
Q4 25
$282.1M
$-52.0M
Q3 25
$79.3M
Q2 25
$82.2M
Q1 25
$60.4M
Q4 24
$259.8M
Q3 24
$69.2M
Q2 24
$83.0M
Free Cash Flow
IRT
IRT
MATW
MATW
Q1 26
Q4 25
$-57.2M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
IRT
IRT
MATW
MATW
Q1 26
Q4 25
-20.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
IRT
IRT
MATW
MATW
Q1 26
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
IRT
IRT
MATW
MATW
Q1 26
Q4 25
8.48×
-1.19×
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%

MATW
MATW

Segment breakdown not available.

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