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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $165.3M, roughly 1.1× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 1.9%). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% 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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
IRT vs MOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $186.1M |
| Net Profit | — | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | — | 6.3% |
| Net Margin | — | 5.1% |
| Revenue YoY | 2.5% | 1.9% |
| Net Profit YoY | — | 89.8% |
| EPS (diluted) | $0.00 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $167.1M | $161.8M | ||
| Q2 25 | $162.2M | $131.8M | ||
| Q1 25 | $161.2M | $181.5M | ||
| Q4 24 | $161.0M | $180.5M | ||
| Q3 24 | $160.1M | $157.0M | ||
| Q2 24 | $158.4M | $134.4M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $9.6M | ||
| Q3 25 | $6.9M | $3.0M | ||
| Q2 25 | $8.0M | $1.4M | ||
| Q1 25 | $8.4M | $8.1M | ||
| Q4 24 | $-1.0M | $4.8M | ||
| Q3 24 | $12.4M | $3.5M | ||
| Q2 24 | $10.4M | $2.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 54.3% | ||
| Q3 25 | — | 54.1% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 54.2% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | — | 54.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 5.1% | ||
| Q3 25 | 4.1% | 1.8% | ||
| Q2 25 | 5.0% | 1.1% | ||
| Q1 25 | 5.2% | 4.4% | ||
| Q4 24 | -0.6% | 2.7% | ||
| Q3 24 | 7.7% | 2.2% | ||
| Q2 24 | 6.5% | 1.5% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.42 | ||
| Q3 25 | $0.03 | $0.13 | ||
| Q2 25 | $0.03 | $0.06 | ||
| Q1 25 | $0.04 | $0.36 | ||
| Q4 24 | $-0.01 | $0.21 | ||
| Q3 24 | $0.05 | $0.15 | ||
| Q2 24 | $0.05 | $0.09 |
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 | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $497.5M |
| Total Assets | $6.1B | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $183.9M | ||
| Q3 25 | $23.3M | $180.5M | ||
| Q2 25 | $19.5M | $203.1M | ||
| Q1 25 | $29.1M | $208.5M | ||
| Q4 24 | $21.2M | $181.5M | ||
| Q3 24 | $17.6M | $198.3M | ||
| Q2 24 | $21.0M | $225.4M |
| 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 | $497.5M | ||
| Q3 25 | $3.5B | $489.9M | ||
| Q2 25 | $3.4B | $493.2M | ||
| Q1 25 | $3.5B | $481.3M | ||
| Q4 24 | $3.4B | $491.3M | ||
| Q3 24 | $3.4B | $492.0M | ||
| Q2 24 | $3.4B | $489.6M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $751.9M | ||
| Q3 25 | $6.1B | $748.7M | ||
| Q2 25 | $6.0B | $747.2M | ||
| Q1 25 | $6.0B | $729.2M | ||
| Q4 24 | $6.1B | $747.2M | ||
| Q3 24 | $5.9B | $742.5M | ||
| Q2 24 | $5.9B | $736.0M |
| 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 | — | $12.3M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $12.3M | ||
| Q3 25 | $79.3M | $-3.8M | ||
| Q2 25 | $82.2M | $-7.2M | ||
| Q1 25 | $60.4M | $39.1M | ||
| Q4 24 | $259.8M | $-4.7M | ||
| Q3 24 | $69.2M | $-17.8M | ||
| Q2 24 | $83.0M | $-18.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-5.1M | ||
| Q2 25 | — | $-8.7M | ||
| Q1 25 | — | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | — | $-20.1M | ||
| Q2 24 | — | $-19.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -14.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 1.28× | ||
| Q3 25 | 11.51× | -1.27× | ||
| Q2 25 | 10.22× | -5.08× | ||
| Q1 25 | 7.23× | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | 5.60× | -5.14× | ||
| Q2 24 | 8.02× | -8.97× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
