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

NEOGENOMICS INC is the larger business by last-quarter revenue ($186.7M vs $165.3M, roughly 1.1× INDEPENDENCE REALTY TRUST, INC.). On growth, NEOGENOMICS INC posted the faster year-over-year revenue change (11.1% vs 2.5%). Over the past eight quarters, NEOGENOMICS INC's revenue compounded faster (6.5% 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.

NeoGenomics Laboratories, Inc., also known as NeoGenomics or Neo, is an American CLIA-certified clinical laboratory, pharma services and information services company that specializes in cancer genetics diagnostic testing. The company's testing services include cytogenetics, fluorescence in situ hybridization (FISH), flow cytometry, immunohistochemistry, anatomic pathology, and molecular genetics.

IRT vs NEO — Head-to-Head

Bigger by revenue
NEO
NEO
1.1× larger
NEO
$186.7M
$165.3M
IRT
Growing faster (revenue YoY)
NEO
NEO
+8.6% gap
NEO
11.1%
2.5%
IRT
Faster 2-yr revenue CAGR
NEO
NEO
Annualised
NEO
6.5%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
NEO
NEO
Revenue
$165.3M
$186.7M
Net Profit
$-108.0M
Gross Margin
43.3%
Operating Margin
46.9%
Net Margin
-57.9%
Revenue YoY
2.5%
11.1%
Net Profit YoY
42.0%
EPS (diluted)
$0.00
$-0.13

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
NEO
NEO
Q1 26
$165.3M
$186.7M
Q4 25
$167.1M
$190.2M
Q3 25
$167.1M
$187.8M
Q2 25
$162.2M
$181.3M
Q1 25
$161.2M
$168.0M
Q4 24
$161.0M
$172.0M
Q3 24
$160.1M
$167.8M
Q2 24
$158.4M
$164.5M
Net Profit
IRT
IRT
NEO
NEO
Q1 26
$-108.0M
Q4 25
$33.3M
Q3 25
$6.9M
$-27.1M
Q2 25
$8.0M
$-45.1M
Q1 25
$8.4M
$-25.9M
Q4 24
$-1.0M
Q3 24
$12.4M
$-17.7M
Q2 24
$10.4M
$-18.6M
Gross Margin
IRT
IRT
NEO
NEO
Q1 26
43.3%
Q4 25
43.8%
Q3 25
42.8%
Q2 25
42.6%
Q1 25
43.6%
Q4 24
44.9%
Q3 24
44.6%
Q2 24
44.1%
Operating Margin
IRT
IRT
NEO
NEO
Q1 26
46.9%
Q4 25
-7.1%
Q3 25
-14.4%
Q2 25
-26.3%
Q1 25
-16.6%
Q4 24
-10.7%
Q3 24
-12.6%
Q2 24
-13.3%
Net Margin
IRT
IRT
NEO
NEO
Q1 26
-57.9%
Q4 25
19.9%
Q3 25
4.1%
-14.4%
Q2 25
5.0%
-24.9%
Q1 25
5.2%
-15.4%
Q4 24
-0.6%
Q3 24
7.7%
-10.5%
Q2 24
6.5%
-11.3%
EPS (diluted)
IRT
IRT
NEO
NEO
Q1 26
$0.00
$-0.13
Q4 25
$0.14
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
NEO
NEO
Cash + ST InvestmentsLiquidity on hand
$23.3M
$146.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$828.8M
Total Assets
$6.1B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
NEO
NEO
Q1 26
$23.3M
$146.1M
Q4 25
$23.6M
$159.6M
Q3 25
$23.3M
$164.1M
Q2 25
$19.5M
$154.7M
Q1 25
$29.1M
$346.2M
Q4 24
$21.2M
$367.0M
Q3 24
$17.6M
$362.0M
Q2 24
$21.0M
$355.1M
Total Debt
IRT
IRT
NEO
NEO
Q1 26
Q4 25
$2.3B
$341.9M
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$2.3B
$541.1M
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
IRT
IRT
NEO
NEO
Q1 26
$3.4B
$828.8M
Q4 25
$3.5B
$836.6M
Q3 25
$3.5B
$838.3M
Q2 25
$3.4B
$854.0M
Q1 25
$3.5B
$888.3M
Q4 24
$3.4B
$902.3M
Q3 24
$3.4B
$908.2M
Q2 24
$3.4B
$915.9M
Total Assets
IRT
IRT
NEO
NEO
Q1 26
$6.1B
$1.3B
Q4 25
$6.0B
$1.4B
Q3 25
$6.1B
$1.4B
Q2 25
$6.0B
$1.4B
Q1 25
$6.0B
$1.6B
Q4 24
$6.1B
$1.6B
Q3 24
$5.9B
$1.6B
Q2 24
$5.9B
$1.6B
Debt / Equity
IRT
IRT
NEO
NEO
Q1 26
Q4 25
0.66×
0.41×
Q3 25
0.66×
Q2 25
0.66×
Q1 25
0.65×
Q4 24
0.68×
0.60×
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
NEO
NEO
Operating Cash FlowLast quarter
$-8.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
NEO
NEO
Q1 26
$-8.1M
Q4 25
$282.1M
$1.3M
Q3 25
$79.3M
$8.9M
Q2 25
$82.2M
$20.3M
Q1 25
$60.4M
$-25.3M
Q4 24
$259.8M
$9.8M
Q3 24
$69.2M
$9.2M
Q2 24
$83.0M
$13.9M
Free Cash Flow
IRT
IRT
NEO
NEO
Q1 26
Q4 25
$-6.5M
Q3 25
$570.0K
Q2 25
$14.0M
Q1 25
$-29.8M
Q4 24
$-1.8M
Q3 24
$-1.6M
Q2 24
$814.0K
FCF Margin
IRT
IRT
NEO
NEO
Q1 26
Q4 25
-3.4%
Q3 25
0.3%
Q2 25
7.7%
Q1 25
-17.8%
Q4 24
-1.0%
Q3 24
-0.9%
Q2 24
0.5%
Capex Intensity
IRT
IRT
NEO
NEO
Q1 26
Q4 25
4.1%
Q3 25
4.4%
Q2 25
3.5%
Q1 25
2.7%
Q4 24
6.7%
Q3 24
6.4%
Q2 24
8.0%
Cash Conversion
IRT
IRT
NEO
NEO
Q1 26
Q4 25
8.48×
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%

NEO
NEO

Segment breakdown not available.

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