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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $165.3M, roughly 1.5× INDEPENDENCE REALTY TRUST, INC.). On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 2.5%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
IRT vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $242.1M |
| Net Profit | — | $12.1M |
| Gross Margin | — | — |
| Operating Margin | — | 6.8% |
| Net Margin | — | 5.0% |
| Revenue YoY | 2.5% | 11.5% |
| Net Profit YoY | — | -16.2% |
| EPS (diluted) | $0.00 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $167.1M | $258.5M | ||
| Q2 25 | $162.2M | $240.7M | ||
| Q1 25 | $161.2M | $219.6M | ||
| Q4 24 | $161.0M | $217.2M | ||
| Q3 24 | $160.1M | $241.7M | ||
| Q2 24 | $158.4M | $224.9M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $12.1M | ||
| Q3 25 | $6.9M | $24.3M | ||
| Q2 25 | $8.0M | $19.9M | ||
| Q1 25 | $8.4M | $15.3M | ||
| Q4 24 | $-1.0M | $14.4M | ||
| Q3 24 | $12.4M | $21.6M | ||
| Q2 24 | $10.4M | $15.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 5.0% | ||
| Q3 25 | 4.1% | 9.4% | ||
| Q2 25 | 5.0% | 8.3% | ||
| Q1 25 | 5.2% | 7.0% | ||
| Q4 24 | -0.6% | 6.6% | ||
| Q3 24 | 7.7% | 8.9% | ||
| Q2 24 | 6.5% | 7.0% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.12 | ||
| Q3 25 | $0.03 | $0.23 | ||
| Q2 25 | $0.03 | $0.19 | ||
| Q1 25 | $0.04 | $0.15 | ||
| Q4 24 | $-0.01 | $0.13 | ||
| Q3 24 | $0.05 | $0.20 | ||
| Q2 24 | $0.05 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $3.4B | $542.6M |
| Total Assets | $6.1B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $16.3M | ||
| Q3 25 | $23.3M | $29.6M | ||
| Q2 25 | $19.5M | $35.0M | ||
| Q1 25 | $29.1M | $22.6M | ||
| Q4 24 | $21.2M | $57.4M | ||
| Q3 24 | $17.6M | $48.8M | ||
| Q2 24 | $21.0M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $84.0M | ||
| Q3 25 | $2.3B | $85.2M | ||
| Q2 25 | $2.2B | $96.2M | ||
| Q1 25 | $2.3B | $97.4M | ||
| Q4 24 | $2.3B | $98.6M | ||
| Q3 24 | $2.3B | $98.7M | ||
| Q2 24 | $2.3B | $123.8M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $542.6M | ||
| Q3 25 | $3.5B | $552.8M | ||
| Q2 25 | $3.4B | $548.3M | ||
| Q1 25 | $3.5B | $530.6M | ||
| Q4 24 | $3.4B | $554.5M | ||
| Q3 24 | $3.4B | $540.1M | ||
| Q2 24 | $3.4B | $532.7M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $707.1M | ||
| Q3 25 | $6.1B | $732.6M | ||
| Q2 25 | $6.0B | $731.8M | ||
| Q1 25 | $6.0B | $708.7M | ||
| Q4 24 | $6.1B | $746.4M | ||
| Q3 24 | $5.9B | $734.0M | ||
| Q2 24 | $5.9B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 0.15× | ||
| Q3 25 | 0.66× | 0.15× | ||
| Q2 25 | 0.66× | 0.18× | ||
| Q1 25 | 0.65× | 0.18× | ||
| Q4 24 | 0.68× | 0.18× | ||
| Q3 24 | 0.68× | 0.18× | ||
| Q2 24 | 0.66× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $20.0M | ||
| Q3 25 | $79.3M | $33.2M | ||
| Q2 25 | $82.2M | $20.3M | ||
| Q1 25 | $60.4M | $10.1M | ||
| Q4 24 | $259.8M | $16.6M | ||
| Q3 24 | $69.2M | $28.6M | ||
| Q2 24 | $83.0M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 1.65× | ||
| Q3 25 | 11.51× | 1.36× | ||
| Q2 25 | 10.22× | 1.02× | ||
| Q1 25 | 7.23× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 5.60× | 1.33× | ||
| Q2 24 | 8.02× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
