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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and OLAPLEX HOLDINGS, INC. (OLPX). 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 $105.1M, roughly 1.6× OLAPLEX HOLDINGS, INC.). On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs 2.5%). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
IRT vs OLPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $105.1M |
| Net Profit | — | $-13.1M |
| Gross Margin | — | 68.0% |
| Operating Margin | — | -4.3% |
| Net Margin | — | -12.5% |
| Revenue YoY | 2.5% | 4.3% |
| Net Profit YoY | — | -48.9% |
| EPS (diluted) | $0.00 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $167.1M | $114.6M | ||
| Q2 25 | $162.2M | $106.3M | ||
| Q1 25 | $161.2M | $97.0M | ||
| Q4 24 | $161.0M | $100.7M | ||
| Q3 24 | $160.1M | $119.1M | ||
| Q2 24 | $158.4M | $103.9M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $-13.1M | ||
| Q3 25 | $6.9M | $11.1M | ||
| Q2 25 | $8.0M | $-7.7M | ||
| Q1 25 | $8.4M | $465.0K | ||
| Q4 24 | $-1.0M | $-8.8M | ||
| Q3 24 | $12.4M | $14.8M | ||
| Q2 24 | $10.4M | $5.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 69.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 66.3% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | 69.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | -4.3% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | -1.1% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | -12.5% | ||
| Q3 25 | 4.1% | 9.7% | ||
| Q2 25 | 5.0% | -7.3% | ||
| Q1 25 | 5.2% | 0.5% | ||
| Q4 24 | -0.6% | -8.7% | ||
| Q3 24 | 7.7% | 12.4% | ||
| Q2 24 | 6.5% | 5.6% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $-0.02 | ||
| Q3 25 | $0.03 | $0.02 | ||
| Q2 25 | $0.03 | $-0.01 | ||
| Q1 25 | $0.04 | $0.00 | ||
| Q4 24 | $-0.01 | $-0.01 | ||
| Q3 24 | $0.05 | $0.02 | ||
| Q2 24 | $0.05 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | — | $352.3M |
| Stockholders' EquityBook value | $3.4B | $879.4M |
| Total Assets | $6.1B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $318.7M | ||
| Q3 25 | $23.3M | $286.4M | ||
| Q2 25 | $19.5M | $289.3M | ||
| Q1 25 | $29.1M | $580.9M | ||
| Q4 24 | $21.2M | $586.0M | ||
| Q3 24 | $17.6M | $538.8M | ||
| Q2 24 | $21.0M | $507.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $352.3M | ||
| Q3 25 | $2.3B | $352.1M | ||
| Q2 25 | $2.2B | $351.9M | ||
| Q1 25 | $2.3B | $649.1M | ||
| Q4 24 | $2.3B | $650.5M | ||
| Q3 24 | $2.3B | $651.8M | ||
| Q2 24 | $2.3B | $653.1M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $879.4M | ||
| Q3 25 | $3.5B | $888.7M | ||
| Q2 25 | $3.4B | $874.2M | ||
| Q1 25 | $3.5B | $878.3M | ||
| Q4 24 | $3.4B | $874.4M | ||
| Q3 24 | $3.4B | $879.7M | ||
| Q2 24 | $3.4B | $863.3M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $6.1B | $1.5B | ||
| Q2 25 | $6.0B | $1.5B | ||
| Q1 25 | $6.0B | $1.8B | ||
| Q4 24 | $6.1B | $1.8B | ||
| Q3 24 | $5.9B | $1.8B | ||
| Q2 24 | $5.9B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 0.40× | ||
| Q3 25 | 0.66× | 0.40× | ||
| Q2 25 | 0.66× | 0.40× | ||
| Q1 25 | 0.65× | 0.74× | ||
| Q4 24 | 0.68× | 0.74× | ||
| Q3 24 | 0.68× | 0.74× | ||
| Q2 24 | 0.66× | 0.76× |
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 | — | $32.7M |
| Free Cash FlowOCF − Capex | — | $32.6M |
| FCF MarginFCF / Revenue | — | 31.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $32.7M | ||
| Q3 25 | $79.3M | $8.0M | ||
| Q2 25 | $82.2M | $20.9M | ||
| Q1 25 | $60.4M | $-2.9M | ||
| Q4 24 | $259.8M | $49.7M | ||
| Q3 24 | $69.2M | $33.5M | ||
| Q2 24 | $83.0M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $32.6M | ||
| Q3 25 | — | $7.9M | ||
| Q2 25 | — | $20.8M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | — | $49.2M | ||
| Q3 24 | — | $33.3M | ||
| Q2 24 | — | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 15.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | 0.72× | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.60× | 2.26× | ||
| Q2 24 | 8.02× | 2.81× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
