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

Orthofix Medical Inc. is the larger business by last-quarter revenue ($219.9M vs $167.1M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). INDEPENDENCE REALTY TRUST, INC. runs the higher net margin — 19.9% vs -1.0%, a 20.9% gap on every dollar of revenue. On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (3.8% vs 2.0%). Over the past eight quarters, Orthofix Medical Inc.'s revenue compounded faster (8.0% CAGR vs 2.0%).

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.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

IRT vs OFIX — Head-to-Head

Bigger by revenue
OFIX
OFIX
1.3× larger
OFIX
$219.9M
$167.1M
IRT
Growing faster (revenue YoY)
IRT
IRT
+1.9% gap
IRT
3.8%
2.0%
OFIX
Higher net margin
IRT
IRT
20.9% more per $
IRT
19.9%
-1.0%
OFIX
Faster 2-yr revenue CAGR
OFIX
OFIX
Annualised
OFIX
8.0%
2.0%
IRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRT
IRT
OFIX
OFIX
Revenue
$167.1M
$219.9M
Net Profit
$33.3M
$-2.2M
Gross Margin
71.1%
Operating Margin
0.2%
Net Margin
19.9%
-1.0%
Revenue YoY
3.8%
2.0%
Net Profit YoY
3410.0%
92.4%
EPS (diluted)
$0.14
$-0.05

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
OFIX
OFIX
Q4 25
$167.1M
$219.9M
Q3 25
$167.1M
$205.6M
Q2 25
$162.2M
$203.1M
Q1 25
$161.2M
$193.6M
Q4 24
$161.0M
$215.7M
Q3 24
$160.1M
$196.6M
Q2 24
$158.4M
$198.6M
Q1 24
$160.5M
$188.6M
Net Profit
IRT
IRT
OFIX
OFIX
Q4 25
$33.3M
$-2.2M
Q3 25
$6.9M
$-22.8M
Q2 25
$8.0M
$-14.1M
Q1 25
$8.4M
$-53.1M
Q4 24
$-1.0M
$-29.1M
Q3 24
$12.4M
$-27.4M
Q2 24
$10.4M
$-33.4M
Q1 24
$17.6M
$-36.0M
Gross Margin
IRT
IRT
OFIX
OFIX
Q4 25
71.1%
Q3 25
72.2%
Q2 25
68.7%
Q1 25
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
67.8%
Q1 24
67.5%
Operating Margin
IRT
IRT
OFIX
OFIX
Q4 25
0.2%
Q3 25
-8.3%
Q2 25
-7.9%
Q1 25
-25.2%
Q4 24
-5.3%
Q3 24
-9.6%
Q2 24
-12.5%
Q1 24
-15.6%
Net Margin
IRT
IRT
OFIX
OFIX
Q4 25
19.9%
-1.0%
Q3 25
4.1%
-11.1%
Q2 25
5.0%
-6.9%
Q1 25
5.2%
-27.4%
Q4 24
-0.6%
-13.5%
Q3 24
7.7%
-13.9%
Q2 24
6.5%
-16.8%
Q1 24
10.9%
-19.1%
EPS (diluted)
IRT
IRT
OFIX
OFIX
Q4 25
$0.14
$-0.05
Q3 25
$0.03
$-0.57
Q2 25
$0.03
$-0.36
Q1 25
$0.04
$-1.35
Q4 24
$-0.01
$-0.76
Q3 24
$0.05
$-0.71
Q2 24
$0.05
$-0.88
Q1 24
$0.08
$-0.95

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$23.6M
$82.0M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$3.5B
$450.0M
Total Assets
$6.0B
$850.6M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
OFIX
OFIX
Q4 25
$23.6M
$82.0M
Q3 25
$23.3M
$62.9M
Q2 25
$19.5M
$65.6M
Q1 25
$29.1M
$58.0M
Q4 24
$21.2M
$83.2M
Q3 24
$17.6M
$30.1M
Q2 24
$21.0M
$26.4M
Q1 24
$21.3M
$27.0M
Total Debt
IRT
IRT
OFIX
OFIX
Q4 25
$2.3B
Q3 25
$2.3B
$157.2M
Q2 25
$2.2B
$157.0M
Q1 25
$2.3B
$156.9M
Q4 24
$2.3B
$157.0M
Q3 24
$2.3B
$118.5M
Q2 24
$2.3B
$118.0M
Q1 24
$2.3B
$118.2M
Stockholders' Equity
IRT
IRT
OFIX
OFIX
Q4 25
$3.5B
$450.0M
Q3 25
$3.5B
$442.5M
Q2 25
$3.4B
$458.3M
Q1 25
$3.5B
$458.3M
Q4 24
$3.4B
$503.1M
Q3 24
$3.4B
$525.9M
Q2 24
$3.4B
$546.0M
Q1 24
$3.4B
$570.3M
Total Assets
IRT
IRT
OFIX
OFIX
Q4 25
$6.0B
$850.6M
Q3 25
$6.1B
$832.6M
Q2 25
$6.0B
$837.2M
Q1 25
$6.0B
$823.1M
Q4 24
$6.1B
$893.3M
Q3 24
$5.9B
$867.9M
Q2 24
$5.9B
$882.0M
Q1 24
$6.0B
$906.0M
Debt / Equity
IRT
IRT
OFIX
OFIX
Q4 25
0.66×
Q3 25
0.66×
0.36×
Q2 25
0.66×
0.34×
Q1 25
0.65×
0.34×
Q4 24
0.68×
0.31×
Q3 24
0.68×
0.23×
Q2 24
0.66×
0.22×
Q1 24
0.67×
0.21×

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
OFIX
OFIX
Operating Cash FlowLast quarter
$282.1M
$27.7M
Free Cash FlowOCF − Capex
$16.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
8.48×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
OFIX
OFIX
Q4 25
$282.1M
$27.7M
Q3 25
$79.3M
$12.4M
Q2 25
$82.2M
$11.6M
Q1 25
$60.4M
$-18.4M
Q4 24
$259.8M
$23.7M
Q3 24
$69.2M
$11.7M
Q2 24
$83.0M
$9.0M
Q1 24
$44.1M
$-18.6M
Free Cash Flow
IRT
IRT
OFIX
OFIX
Q4 25
$16.8M
Q3 25
$2.5M
Q2 25
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-360.0K
Q1 24
$-29.1M
FCF Margin
IRT
IRT
OFIX
OFIX
Q4 25
7.6%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-0.2%
Q1 24
-15.4%
Capex Intensity
IRT
IRT
OFIX
OFIX
Q4 25
4.9%
Q3 25
4.8%
Q2 25
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
4.7%
Q1 24
5.6%
Cash Conversion
IRT
IRT
OFIX
OFIX
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×
Q1 24
2.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IRT
IRT

Segment breakdown not available.

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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