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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M 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 -4.3%).

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

IRT vs NMM — Head-to-Head

Bigger by revenue
NMM
NMM
2.0× larger
NMM
$327.6M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+6.8% gap
IRT
2.5%
-4.3%
NMM

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
IRT
IRT
NMM
NMM
Revenue
$165.3M
$327.6M
Net Profit
$69.9M
Gross Margin
90.5%
Operating Margin
Net Margin
21.4%
Revenue YoY
2.5%
-4.3%
Net Profit YoY
-31.1%
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.

Revenue
IRT
IRT
NMM
NMM
Q1 26
$165.3M
Q4 25
$167.1M
Q3 25
$167.1M
Q2 25
$162.2M
$327.6M
Q1 25
$161.2M
Q4 24
$161.0M
Q3 24
$160.1M
Q2 24
$158.4M
$342.2M
Net Profit
IRT
IRT
NMM
NMM
Q1 26
Q4 25
$33.3M
Q3 25
$6.9M
Q2 25
$8.0M
$69.9M
Q1 25
$8.4M
Q4 24
$-1.0M
Q3 24
$12.4M
Q2 24
$10.4M
$101.5M
Gross Margin
IRT
IRT
NMM
NMM
Q1 26
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Net Margin
IRT
IRT
NMM
NMM
Q1 26
Q4 25
19.9%
Q3 25
4.1%
Q2 25
5.0%
21.4%
Q1 25
5.2%
Q4 24
-0.6%
Q3 24
7.7%
Q2 24
6.5%
29.7%
EPS (diluted)
IRT
IRT
NMM
NMM
Q1 26
$0.00
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
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$23.3M
$377.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$3.4B
Total Assets
$6.1B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
NMM
NMM
Q1 26
$23.3M
Q4 25
$23.6M
Q3 25
$23.3M
Q2 25
$19.5M
$377.0M
Q1 25
$29.1M
Q4 24
$21.2M
Q3 24
$17.6M
Q2 24
$21.0M
$272.0M
Total Debt
IRT
IRT
NMM
NMM
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
$2.0B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
$1.4B
Stockholders' Equity
IRT
IRT
NMM
NMM
Q1 26
$3.4B
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$3.5B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$3.4B
Total Assets
IRT
IRT
NMM
NMM
Q1 26
$6.1B
Q4 25
$6.0B
Q3 25
$6.1B
Q2 25
$6.0B
$5.9B
Q1 25
$6.0B
Q4 24
$6.1B
Q3 24
$5.9B
Q2 24
$5.9B
$5.3B
Debt / Equity
IRT
IRT
NMM
NMM
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×

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%

NMM
NMM

Segment breakdown not available.

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