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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $142.2M, roughly 1.2× UNIVERSAL DISPLAY CORP \PA\). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -14.5%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -5.3%).
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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
IRT vs OLED — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $142.2M |
| Net Profit | — | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | — | 30.1% |
| Net Margin | — | 25.2% |
| Revenue YoY | 2.5% | -14.5% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | $0.00 | $0.76 |
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 | $142.2M | ||
| Q4 25 | $167.1M | $172.9M | ||
| Q3 25 | $167.1M | $139.6M | ||
| Q2 25 | $162.2M | $171.8M | ||
| Q1 25 | $161.2M | $166.3M | ||
| Q4 24 | $161.0M | $162.3M | ||
| Q3 24 | $160.1M | $161.6M | ||
| Q2 24 | $158.4M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $33.3M | $66.3M | ||
| Q3 25 | $6.9M | $44.0M | ||
| Q2 25 | $8.0M | $67.3M | ||
| Q1 25 | $8.4M | $64.4M | ||
| Q4 24 | $-1.0M | $46.0M | ||
| Q3 24 | $12.4M | $66.9M | ||
| Q2 24 | $10.4M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 41.5% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 19.9% | 38.4% | ||
| Q3 25 | 4.1% | 31.5% | ||
| Q2 25 | 5.0% | 39.2% | ||
| Q1 25 | 5.2% | 38.8% | ||
| Q4 24 | -0.6% | 28.4% | ||
| Q3 24 | 7.7% | 41.4% | ||
| Q2 24 | 6.5% | 33.0% |
| Q1 26 | $0.00 | $0.76 | ||
| Q4 25 | $0.14 | $1.40 | ||
| Q3 25 | $0.03 | $0.92 | ||
| Q2 25 | $0.03 | $1.41 | ||
| Q1 25 | $0.04 | $1.35 | ||
| Q4 24 | $-0.01 | $0.96 | ||
| Q3 24 | $0.05 | $1.40 | ||
| Q2 24 | $0.05 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | — |
| Total Assets | $6.1B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | $516.4M | ||
| Q4 25 | $23.6M | $602.4M | ||
| Q3 25 | $23.3M | $603.0M | ||
| Q2 25 | $19.5M | $525.2M | ||
| Q1 25 | $29.1M | $571.3M | ||
| Q4 24 | $21.2M | $492.7M | ||
| Q3 24 | $17.6M | $551.6M | ||
| Q2 24 | $21.0M | $530.5M |
| 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 | $1.8B | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.5B | $1.7B | ||
| Q4 24 | $3.4B | $1.6B | ||
| Q3 24 | $3.4B | $1.6B | ||
| Q2 24 | $3.4B | $1.5B |
| Q1 26 | $6.1B | $1.9B | ||
| Q4 25 | $6.0B | $2.0B | ||
| Q3 25 | $6.1B | $1.9B | ||
| Q2 25 | $6.0B | $1.9B | ||
| Q1 25 | $6.0B | $1.9B | ||
| Q4 24 | $6.1B | $1.8B | ||
| Q3 24 | $5.9B | $1.8B | ||
| Q2 24 | $5.9B | $1.8B |
| 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 | — | $108.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $282.1M | $31.1M | ||
| Q3 25 | $79.3M | $97.2M | ||
| Q2 25 | $82.2M | $51.9M | ||
| Q1 25 | $60.4M | $30.6M | ||
| Q4 24 | $259.8M | $34.7M | ||
| Q3 24 | $69.2M | $79.9M | ||
| Q2 24 | $83.0M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | — | $84.3M | ||
| Q2 25 | — | $37.5M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | — | $66.2M | ||
| Q2 24 | — | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 60.4% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 8.48× | 0.47× | ||
| Q3 25 | 11.51× | 2.21× | ||
| Q2 25 | 10.22× | 0.77× | ||
| Q1 25 | 7.23× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | 5.60× | 1.19× | ||
| Q2 24 | 8.02× | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
