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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $165.3M, roughly 1.9× INDEPENDENCE REALTY TRUST, INC.). On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 2.5%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% 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.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

IRT vs MAX — Head-to-Head

Bigger by revenue
MAX
MAX
1.9× larger
MAX
$310.0M
$165.3M
IRT
Growing faster (revenue YoY)
MAX
MAX
+14.8% gap
MAX
17.3%
2.5%
IRT
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
MAX
MAX
Revenue
$165.3M
$310.0M
Net Profit
$14.0M
Gross Margin
15.1%
Operating Margin
7.2%
Net Margin
4.5%
Revenue YoY
2.5%
17.3%
Net Profit YoY
701.8%
EPS (diluted)
$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.

Revenue
IRT
IRT
MAX
MAX
Q1 26
$165.3M
$310.0M
Q4 25
$167.1M
$291.2M
Q3 25
$167.1M
$306.5M
Q2 25
$162.2M
$251.6M
Q1 25
$161.2M
$264.3M
Q4 24
$161.0M
$300.6M
Q3 24
$160.1M
$259.1M
Q2 24
$158.4M
$178.3M
Net Profit
IRT
IRT
MAX
MAX
Q1 26
$14.0M
Q4 25
$33.3M
$31.4M
Q3 25
$6.9M
$14.9M
Q2 25
$8.0M
$-18.7M
Q1 25
$8.4M
$-1.9M
Q4 24
$-1.0M
$4.6M
Q3 24
$12.4M
$9.5M
Q2 24
$10.4M
$3.6M
Gross Margin
IRT
IRT
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
IRT
IRT
MAX
MAX
Q1 26
7.2%
Q4 25
7.7%
Q3 25
6.4%
Q2 25
-8.0%
Q1 25
0.0%
Q4 24
6.1%
Q3 24
6.0%
Q2 24
3.6%
Net Margin
IRT
IRT
MAX
MAX
Q1 26
4.5%
Q4 25
19.9%
10.8%
Q3 25
4.1%
4.9%
Q2 25
5.0%
-7.4%
Q1 25
5.2%
-0.7%
Q4 24
-0.6%
1.5%
Q3 24
7.7%
3.7%
Q2 24
6.5%
2.0%
EPS (diluted)
IRT
IRT
MAX
MAX
Q1 26
$0.00
Q4 25
$0.14
$0.50
Q3 25
$0.03
$0.26
Q2 25
$0.03
$-0.33
Q1 25
$0.04
$-0.04
Q4 24
$-0.01
$0.09
Q3 24
$0.05
$0.17
Q2 24
$0.05
$0.07

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$23.3M
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$3.4B
Total Assets
$6.1B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
MAX
MAX
Q1 26
$23.3M
$26.1M
Q4 25
$23.6M
$46.9M
Q3 25
$23.3M
$38.8M
Q2 25
$19.5M
$85.4M
Q1 25
$29.1M
$63.6M
Q4 24
$21.2M
$43.3M
Q3 24
$17.6M
$32.3M
Q2 24
$21.0M
$28.7M
Total Debt
IRT
IRT
MAX
MAX
Q1 26
$163.5M
Q4 25
$2.3B
$153.4M
Q3 25
$2.3B
$155.7M
Q2 25
$2.2B
$158.0M
Q1 25
$2.3B
$160.2M
Q4 24
$2.3B
$162.4M
Q3 24
$2.3B
$164.7M
Q2 24
$2.3B
$166.9M
Stockholders' Equity
IRT
IRT
MAX
MAX
Q1 26
$3.4B
Q4 25
$3.5B
$4.2M
Q3 25
$3.5B
$-29.8M
Q2 25
$3.4B
$-3.8M
Q1 25
$3.5B
$7.9M
Q4 24
$3.4B
$2.4M
Q3 24
$3.4B
$-8.4M
Q2 24
$3.4B
$-24.4M
Total Assets
IRT
IRT
MAX
MAX
Q1 26
$6.1B
$367.7M
Q4 25
$6.0B
$383.8M
Q3 25
$6.1B
$266.2M
Q2 25
$6.0B
$249.4M
Q1 25
$6.0B
$240.0M
Q4 24
$6.1B
$262.4M
Q3 24
$5.9B
$236.1M
Q2 24
$5.9B
$198.2M
Debt / Equity
IRT
IRT
MAX
MAX
Q1 26
Q4 25
0.66×
36.88×
Q3 25
0.66×
Q2 25
0.66×
Q1 25
0.65×
20.23×
Q4 24
0.68×
68.31×
Q3 24
0.68×
Q2 24
0.66×

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%

MAX
MAX

Segment breakdown not available.

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