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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and PAMT CORP (PAMT). 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 $141.3M, roughly 1.2× PAMT CORP). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -15.1%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -12.0%).
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.
IRT vs PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $141.3M |
| Net Profit | — | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | — | -27.0% |
| Net Margin | — | -20.7% |
| Revenue YoY | 2.5% | -15.1% |
| Net Profit YoY | — | 7.4% |
| EPS (diluted) | $0.00 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $167.1M | $150.3M | ||
| Q2 25 | $162.2M | $151.1M | ||
| Q1 25 | $161.2M | $155.3M | ||
| Q4 24 | $161.0M | $166.5M | ||
| Q3 24 | $160.1M | $182.6M | ||
| Q2 24 | $158.4M | $182.9M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $-29.3M | ||
| Q3 25 | $6.9M | $-5.6M | ||
| Q2 25 | $8.0M | $-9.6M | ||
| Q1 25 | $8.4M | $-8.1M | ||
| Q4 24 | $-1.0M | $-31.6M | ||
| Q3 24 | $12.4M | $2.4M | ||
| Q2 24 | $10.4M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | -27.0% | ||
| Q3 25 | — | -3.8% | ||
| Q2 25 | — | -7.3% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | -0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | -20.7% | ||
| Q3 25 | 4.1% | -3.7% | ||
| Q2 25 | 5.0% | -6.4% | ||
| Q1 25 | 5.2% | -5.2% | ||
| Q4 24 | -0.6% | -19.0% | ||
| Q3 24 | 7.7% | 1.3% | ||
| Q2 24 | 6.5% | -1.6% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $-1.38 | ||
| Q3 25 | $0.03 | $-0.27 | ||
| Q2 25 | $0.03 | $-0.46 | ||
| Q1 25 | $0.04 | $-0.37 | ||
| Q4 24 | $-0.01 | $-1.44 | ||
| Q3 24 | $0.05 | $0.11 | ||
| Q2 24 | $0.05 | $-0.13 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $3.4B | $210.5M |
| Total Assets | $6.1B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $83.7M | ||
| Q3 25 | $23.3M | $115.6M | ||
| Q2 25 | $19.5M | $117.3M | ||
| Q1 25 | $29.1M | $102.7M | ||
| Q4 24 | $21.2M | $110.7M | ||
| Q3 24 | $17.6M | $92.3M | ||
| Q2 24 | $21.0M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $333.9M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $325.6M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $210.5M | ||
| Q3 25 | $3.5B | $239.5M | ||
| Q2 25 | $3.4B | $244.9M | ||
| Q1 25 | $3.5B | $269.6M | ||
| Q4 24 | $3.4B | $277.5M | ||
| Q3 24 | $3.4B | $308.9M | ||
| Q2 24 | $3.4B | $306.7M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $697.9M | ||
| Q3 25 | $6.1B | $715.2M | ||
| Q2 25 | $6.0B | $707.9M | ||
| Q1 25 | $6.0B | $712.6M | ||
| Q4 24 | $6.1B | $741.7M | ||
| Q3 24 | $5.9B | $756.7M | ||
| Q2 24 | $5.9B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 1.59× | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | 1.17× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $-5.8M | ||
| Q3 25 | $79.3M | $5.9M | ||
| Q2 25 | $82.2M | $12.2M | ||
| Q1 25 | $60.4M | $5.0M | ||
| Q4 24 | $259.8M | $15.2M | ||
| Q3 24 | $69.2M | $15.5M | ||
| Q2 24 | $83.0M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.60× | 6.44× | ||
| Q2 24 | 8.02× | — |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
