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

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $165.3M, roughly 1.0× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -22.5%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -29.9%).

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.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

IRT vs MLR — Head-to-Head

Bigger by revenue
MLR
MLR
1.0× larger
MLR
$171.9M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+25.1% gap
IRT
2.5%
-22.5%
MLR
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-29.9%
MLR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
MLR
MLR
Revenue
$165.3M
$171.9M
Net Profit
Gross Margin
15.4%
Operating Margin
2.9%
Net Margin
Revenue YoY
2.5%
-22.5%
Net Profit YoY
EPS (diluted)
$0.00
$0.29

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
MLR
MLR
Q1 26
$165.3M
Q4 25
$167.1M
$171.9M
Q3 25
$167.1M
$178.7M
Q2 25
$162.2M
$214.0M
Q1 25
$161.2M
$225.7M
Q4 24
$161.0M
$221.9M
Q3 24
$160.1M
$314.3M
Q2 24
$158.4M
$371.5M
Net Profit
IRT
IRT
MLR
MLR
Q1 26
Q4 25
$33.3M
Q3 25
$6.9M
$3.1M
Q2 25
$8.0M
$8.5M
Q1 25
$8.4M
$8.1M
Q4 24
$-1.0M
Q3 24
$12.4M
$15.4M
Q2 24
$10.4M
$20.5M
Gross Margin
IRT
IRT
MLR
MLR
Q1 26
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Operating Margin
IRT
IRT
MLR
MLR
Q1 26
Q4 25
2.9%
Q3 25
2.4%
Q2 25
5.3%
Q1 25
4.8%
Q4 24
5.7%
Q3 24
6.3%
Q2 24
7.1%
Net Margin
IRT
IRT
MLR
MLR
Q1 26
Q4 25
19.9%
Q3 25
4.1%
1.7%
Q2 25
5.0%
4.0%
Q1 25
5.2%
3.6%
Q4 24
-0.6%
Q3 24
7.7%
4.9%
Q2 24
6.5%
5.5%
EPS (diluted)
IRT
IRT
MLR
MLR
Q1 26
$0.00
Q4 25
$0.14
$0.29
Q3 25
$0.03
$0.27
Q2 25
$0.03
$0.73
Q1 25
$0.04
$0.69
Q4 24
$-0.01
$0.89
Q3 24
$0.05
$1.33
Q2 24
$0.05
$1.78

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$420.6M
Total Assets
$6.1B
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
MLR
MLR
Q1 26
$23.3M
Q4 25
$23.6M
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
MLR
MLR
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
MLR
MLR
Q1 26
$3.4B
Q4 25
$3.5B
$420.6M
Q3 25
$3.5B
$420.7M
Q2 25
$3.4B
$418.6M
Q1 25
$3.5B
$406.5M
Q4 24
$3.4B
$401.0M
Q3 24
$3.4B
$395.2M
Q2 24
$3.4B
$379.9M
Total Assets
IRT
IRT
MLR
MLR
Q1 26
$6.1B
Q4 25
$6.0B
$589.7M
Q3 25
$6.1B
$604.3M
Q2 25
$6.0B
$622.9M
Q1 25
$6.0B
$639.7M
Q4 24
$6.1B
$667.0M
Q3 24
$5.9B
$755.3M
Q2 24
$5.9B
$748.2M
Debt / Equity
IRT
IRT
MLR
MLR
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
MLR
MLR
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.8M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
MLR
MLR
Q1 26
Q4 25
$282.1M
$48.9M
Q3 25
$79.3M
$19.9M
Q2 25
$82.2M
$27.2M
Q1 25
$60.4M
$2.7M
Q4 24
$259.8M
$-11.7M
Q3 24
$69.2M
$30.3M
Q2 24
$83.0M
$-10.7M
Free Cash Flow
IRT
IRT
MLR
MLR
Q1 26
Q4 25
$43.8M
Q3 25
$18.1M
Q2 25
$25.6M
Q1 25
$-2.4M
Q4 24
$-13.0M
Q3 24
$24.0M
Q2 24
$-13.8M
FCF Margin
IRT
IRT
MLR
MLR
Q1 26
Q4 25
25.5%
Q3 25
10.1%
Q2 25
11.9%
Q1 25
-1.1%
Q4 24
-5.9%
Q3 24
7.6%
Q2 24
-3.7%
Capex Intensity
IRT
IRT
MLR
MLR
Q1 26
Q4 25
3.0%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.3%
Q4 24
0.6%
Q3 24
2.0%
Q2 24
0.8%
Cash Conversion
IRT
IRT
MLR
MLR
Q1 26
Q4 25
8.48×
Q3 25
11.51×
6.46×
Q2 25
10.22×
3.22×
Q1 25
7.23×
0.34×
Q4 24
Q3 24
5.60×
1.96×
Q2 24
8.02×
-0.52×

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%

MLR
MLR

Segment breakdown not available.

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