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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $165.3M, roughly 2.0× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -7.0%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
IRT vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $326.2M |
| Net Profit | — | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | — | -193.0% |
| Net Margin | — | -259.7% |
| Revenue YoY | 2.5% | -7.0% |
| Net Profit YoY | — | -277.4% |
| EPS (diluted) | $0.00 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $167.1M | $240.3M | ||
| Q2 25 | $162.2M | $228.1M | ||
| Q1 25 | $161.2M | $384.9M | ||
| Q4 24 | $161.0M | $350.7M | ||
| Q3 24 | $160.1M | $446.0M | ||
| Q2 24 | $158.4M | $291.2M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $-847.1M | ||
| Q3 25 | $6.9M | $-263.0M | ||
| Q2 25 | $8.0M | $-546.5M | ||
| Q1 25 | $8.4M | $-175.4M | ||
| Q4 24 | $-1.0M | $-224.4M | ||
| Q3 24 | $12.4M | $9.3M | ||
| Q2 24 | $10.4M | $-88.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | -193.0% | ||
| Q3 25 | — | -37.4% | ||
| Q2 25 | — | -170.3% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | — | 65.0% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 12.3% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | -259.7% | ||
| Q3 25 | 4.1% | -109.4% | ||
| Q2 25 | 5.0% | -239.6% | ||
| Q1 25 | 5.2% | -45.6% | ||
| Q4 24 | -0.6% | -64.0% | ||
| Q3 24 | 7.7% | 2.1% | ||
| Q2 24 | 6.5% | -30.5% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $-3.03 | ||
| Q3 25 | $0.03 | $-0.96 | ||
| Q2 25 | $0.03 | $-1.99 | ||
| Q1 25 | $0.04 | $-0.65 | ||
| Q4 24 | $-0.01 | $-1.10 | ||
| Q3 24 | $0.05 | $0.03 | ||
| Q2 24 | $0.05 | $-0.42 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $3.4B | $182.6M |
| Total Assets | $6.1B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $226.5M | ||
| Q3 25 | $23.3M | $145.2M | ||
| Q2 25 | $19.5M | $551.1M | ||
| Q1 25 | $29.1M | $447.9M | ||
| Q4 24 | $21.2M | $492.9M | ||
| Q3 24 | $17.6M | $90.8M | ||
| Q2 24 | $21.0M | $133.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $8.2B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $8.9B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $182.6M | ||
| Q3 25 | $3.5B | $1.1B | ||
| Q2 25 | $3.4B | $1.3B | ||
| Q1 25 | $3.5B | $1.8B | ||
| Q4 24 | $3.4B | $1.9B | ||
| Q3 24 | $3.4B | $1.6B | ||
| Q2 24 | $3.4B | $1.6B |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $10.6B | ||
| Q3 25 | $6.1B | $12.0B | ||
| Q2 25 | $6.0B | $12.0B | ||
| Q1 25 | $6.0B | $13.1B | ||
| Q4 24 | $6.1B | $12.9B | ||
| Q3 24 | $5.9B | $12.0B | ||
| Q2 24 | $5.9B | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 44.78× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | 4.74× | ||
| 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 | — | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $-76.2M | ||
| Q3 25 | $79.3M | $-171.0M | ||
| Q2 25 | $82.2M | $-329.0M | ||
| Q1 25 | $60.4M | $-7.2M | ||
| Q4 24 | $259.8M | $445.3M | ||
| Q3 24 | $69.2M | $-20.0M | ||
| Q2 24 | $83.0M | $113.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-134.8M | ||
| Q3 25 | — | $-231.6M | ||
| Q2 25 | — | $-726.7M | ||
| Q1 25 | — | $-262.3M | ||
| Q4 24 | — | $-210.3M | ||
| Q3 24 | — | $-367.0M | ||
| Q2 24 | — | $-493.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -41.3% | ||
| Q3 25 | — | -96.4% | ||
| Q2 25 | — | -318.6% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | -60.0% | ||
| Q3 24 | — | -82.3% | ||
| Q2 24 | — | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 174.4% | ||
| Q1 25 | — | 66.3% | ||
| Q4 24 | — | 187.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 208.4% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.60× | -2.15× | ||
| Q2 24 | 8.02× | — |
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% |
NFE
Segment breakdown not available.
