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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and OPKO HEALTH, INC. (OPK). 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 $148.5M, roughly 1.1× OPKO HEALTH, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -19.2%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -7.5%).

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.

OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".

IRT vs OPK — Head-to-Head

Bigger by revenue
IRT
IRT
1.1× larger
IRT
$165.3M
$148.5M
OPK
Growing faster (revenue YoY)
IRT
IRT
+21.7% gap
IRT
2.5%
-19.2%
OPK
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-7.5%
OPK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
OPK
OPK
Revenue
$165.3M
$148.5M
Net Profit
$-31.3M
Gross Margin
43.1%
Operating Margin
-25.8%
Net Margin
-21.1%
Revenue YoY
2.5%
-19.2%
Net Profit YoY
-322.8%
EPS (diluted)
$0.00
$-0.04

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
OPK
OPK
Q1 26
$165.3M
Q4 25
$167.1M
$148.5M
Q3 25
$167.1M
$151.7M
Q2 25
$162.2M
$156.8M
Q1 25
$161.2M
$150.0M
Q4 24
$161.0M
$183.6M
Q3 24
$160.1M
$173.6M
Q2 24
$158.4M
$182.2M
Net Profit
IRT
IRT
OPK
OPK
Q1 26
Q4 25
$33.3M
$-31.3M
Q3 25
$6.9M
$21.6M
Q2 25
$8.0M
$-148.4M
Q1 25
$8.4M
$-67.6M
Q4 24
$-1.0M
$14.0M
Q3 24
$12.4M
$24.9M
Q2 24
$10.4M
$-10.3M
Gross Margin
IRT
IRT
OPK
OPK
Q1 26
Q4 25
43.1%
Q3 25
32.9%
Q2 25
31.5%
Q1 25
28.4%
Q4 24
46.1%
Q3 24
23.1%
Q2 24
28.4%
Operating Margin
IRT
IRT
OPK
OPK
Q1 26
Q4 25
-25.8%
Q3 25
31.7%
Q2 25
-38.3%
Q1 25
-44.8%
Q4 24
-18.0%
Q3 24
8.2%
Q2 24
-33.9%
Net Margin
IRT
IRT
OPK
OPK
Q1 26
Q4 25
19.9%
-21.1%
Q3 25
4.1%
14.3%
Q2 25
5.0%
-94.7%
Q1 25
5.2%
-45.1%
Q4 24
-0.6%
7.6%
Q3 24
7.7%
14.3%
Q2 24
6.5%
-5.7%
EPS (diluted)
IRT
IRT
OPK
OPK
Q1 26
$0.00
Q4 25
$0.14
$-0.04
Q3 25
$0.03
$0.03
Q2 25
$0.03
$-0.19
Q1 25
$0.04
$-0.10
Q4 24
$-0.01
$0.02
Q3 24
$0.05
$0.03
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
IRT
IRT
OPK
OPK
Cash + ST InvestmentsLiquidity on hand
$23.3M
$364.4M
Total DebtLower is stronger
$344.0M
Stockholders' EquityBook value
$3.4B
$1.3B
Total Assets
$6.1B
$1.9B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
OPK
OPK
Q1 26
$23.3M
Q4 25
$23.6M
$364.4M
Q3 25
$23.3M
$412.0M
Q2 25
$19.5M
$267.3M
Q1 25
$29.1M
$428.8M
Q4 24
$21.2M
$426.6M
Q3 24
$17.6M
$400.1M
Q2 24
$21.0M
$40.6M
Total Debt
IRT
IRT
OPK
OPK
Q1 26
Q4 25
$2.3B
$344.0M
Q3 25
$2.3B
$344.2M
Q2 25
$2.2B
$343.3M
Q1 25
$2.3B
$439.2M
Q4 24
$2.3B
$437.2M
Q3 24
$2.3B
$441.0M
Q2 24
$2.3B
$201.9M
Stockholders' Equity
IRT
IRT
OPK
OPK
Q1 26
$3.4B
Q4 25
$3.5B
$1.3B
Q3 25
$3.5B
$1.3B
Q2 25
$3.4B
$1.3B
Q1 25
$3.5B
$1.3B
Q4 24
$3.4B
$1.4B
Q3 24
$3.4B
$1.4B
Q2 24
$3.4B
$1.4B
Total Assets
IRT
IRT
OPK
OPK
Q1 26
$6.1B
Q4 25
$6.0B
$1.9B
Q3 25
$6.1B
$2.0B
Q2 25
$6.0B
$2.0B
Q1 25
$6.0B
$2.1B
Q4 24
$6.1B
$2.2B
Q3 24
$5.9B
$2.3B
Q2 24
$5.9B
$2.0B
Debt / Equity
IRT
IRT
OPK
OPK
Q1 26
Q4 25
0.66×
0.27×
Q3 25
0.66×
0.26×
Q2 25
0.66×
0.26×
Q1 25
0.65×
0.33×
Q4 24
0.68×
0.32×
Q3 24
0.68×
0.31×
Q2 24
0.66×
0.14×

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
OPK
OPK
Operating Cash FlowLast quarter
$-25.9M
Free Cash FlowOCF − Capex
$-28.6M
FCF MarginFCF / Revenue
-19.3%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-190.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
OPK
OPK
Q1 26
Q4 25
$282.1M
$-25.9M
Q3 25
$79.3M
$-34.6M
Q2 25
$82.2M
$-83.4M
Q1 25
$60.4M
$-34.6M
Q4 24
$259.8M
$-44.4M
Q3 24
$69.2M
$-77.1M
Q2 24
$83.0M
$-26.4M
Free Cash Flow
IRT
IRT
OPK
OPK
Q1 26
Q4 25
$-28.6M
Q3 25
$-37.8M
Q2 25
$-86.7M
Q1 25
$-37.7M
Q4 24
$-49.8M
Q3 24
$-85.0M
Q2 24
$-33.7M
FCF Margin
IRT
IRT
OPK
OPK
Q1 26
Q4 25
-19.3%
Q3 25
-24.9%
Q2 25
-55.3%
Q1 25
-25.2%
Q4 24
-27.1%
Q3 24
-49.0%
Q2 24
-18.5%
Capex Intensity
IRT
IRT
OPK
OPK
Q1 26
Q4 25
1.8%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
2.1%
Q4 24
2.9%
Q3 24
4.6%
Q2 24
4.0%
Cash Conversion
IRT
IRT
OPK
OPK
Q1 26
Q4 25
8.48×
Q3 25
11.51×
-1.60×
Q2 25
10.22×
Q1 25
7.23×
Q4 24
-3.17×
Q3 24
5.60×
-3.10×
Q2 24
8.02×

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%

OPK
OPK

Services$71.1M48%
Transfer Of Intellectual Property And Other$33.7M23%
IE$22.1M15%
Rayaldee$8.8M6%
Barda Agreement$6.8M5%
MX$6.3M4%

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