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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $121.0M, roughly 1.4× Ramaco Resources, Inc.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -27.7%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
IRT vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $121.0M |
| Net Profit | — | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | — | -12.0% |
| Net Margin | — | -11.0% |
| Revenue YoY | 2.5% | -27.7% |
| Net Profit YoY | — | -5468.2% |
| 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.
| Q1 26 | $165.3M | — | ||
| Q4 25 | $167.1M | — | ||
| Q3 25 | $167.1M | $121.0M | ||
| Q2 25 | $162.2M | $153.0M | ||
| Q1 25 | $161.2M | $134.7M | ||
| Q4 24 | $161.0M | $170.9M | ||
| Q3 24 | $160.1M | $167.4M | ||
| Q2 24 | $158.4M | $155.3M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | — | ||
| Q3 25 | $6.9M | $-13.3M | ||
| Q2 25 | $8.0M | $-14.0M | ||
| Q1 25 | $8.4M | $-9.5M | ||
| Q4 24 | $-1.0M | $3.9M | ||
| Q3 24 | $12.4M | $-239.0K | ||
| Q2 24 | $10.4M | $5.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -12.0% | ||
| Q2 25 | — | -9.1% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 4.1% | -11.0% | ||
| Q2 25 | 5.0% | -9.1% | ||
| Q1 25 | 5.2% | -7.0% | ||
| Q4 24 | -0.6% | 2.3% | ||
| Q3 24 | 7.7% | -0.1% | ||
| Q2 24 | 6.5% | 3.6% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $-0.01 | $0.06 | ||
| Q3 24 | $0.05 | $-0.03 | ||
| Q2 24 | $0.05 | $0.08 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $3.4B | $526.9M |
| Total Assets | $6.1B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | — | ||
| Q3 25 | $23.3M | $193.8M | ||
| Q2 25 | $19.5M | $28.1M | ||
| Q1 25 | $29.1M | $43.5M | ||
| Q4 24 | $21.2M | $33.0M | ||
| Q3 24 | $17.6M | $22.9M | ||
| Q2 24 | $21.0M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $116.3M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $88.2M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | $526.9M | ||
| Q2 25 | $3.4B | $347.4M | ||
| Q1 25 | $3.5B | $355.2M | ||
| Q4 24 | $3.4B | $362.8M | ||
| Q3 24 | $3.4B | $361.8M | ||
| Q2 24 | $3.4B | $366.1M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | — | ||
| Q3 25 | $6.1B | $849.7M | ||
| Q2 25 | $6.0B | $674.6M | ||
| Q1 25 | $6.0B | $685.7M | ||
| Q4 24 | $6.1B | $674.7M | ||
| Q3 24 | $5.9B | $645.4M | ||
| Q2 24 | $5.9B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | 0.22× | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | 0.24× | ||
| 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 | — | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | — | ||
| Q3 25 | $79.3M | $-1.4M | ||
| Q2 25 | $82.2M | $-4.3M | ||
| Q1 25 | $60.4M | $26.0M | ||
| Q4 24 | $259.8M | $15.7M | ||
| Q3 24 | $69.2M | $37.4M | ||
| Q2 24 | $83.0M | $34.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | 5.60× | — | ||
| Q2 24 | 8.02× | 6.21× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
