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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $165.3M, roughly 2.0× INDEPENDENCE REALTY TRUST, INC.). On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 2.5%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
IRT vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $330.5M |
| Net Profit | — | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | — | 7.3% |
| Net Margin | — | 6.3% |
| Revenue YoY | 2.5% | 28.1% |
| Net Profit YoY | — | 57.2% |
| EPS (diluted) | $0.00 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $167.1M | $310.7M | ||
| Q2 25 | $162.2M | $280.1M | ||
| Q1 25 | $161.2M | $275.2M | ||
| Q4 24 | $161.0M | $257.9M | ||
| Q3 24 | $160.1M | $231.6M | ||
| Q2 24 | $158.4M | $197.4M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $20.7M | ||
| Q3 25 | $6.9M | $17.7M | ||
| Q2 25 | $8.0M | $14.7M | ||
| Q1 25 | $8.4M | $13.8M | ||
| Q4 24 | $-1.0M | $13.1M | ||
| Q3 24 | $12.4M | $14.4M | ||
| Q2 24 | $10.4M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 6.3% | ||
| Q3 25 | 4.1% | 5.7% | ||
| Q2 25 | 5.0% | 5.3% | ||
| Q1 25 | 5.2% | 5.0% | ||
| Q4 24 | -0.6% | 5.1% | ||
| Q3 24 | 7.7% | 6.2% | ||
| Q2 24 | 6.5% | 4.7% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.16 | ||
| Q3 25 | $0.03 | $0.14 | ||
| Q2 25 | $0.03 | $0.11 | ||
| Q1 25 | $0.04 | $0.11 | ||
| Q4 24 | $-0.01 | $0.11 | ||
| Q3 24 | $0.05 | $0.11 | ||
| Q2 24 | $0.05 | $0.07 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $560.4M |
| Total Assets | $6.1B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $320.9M | ||
| Q3 25 | $23.3M | $287.9M | ||
| Q2 25 | $19.5M | $266.4M | ||
| Q1 25 | $29.1M | $245.8M | ||
| Q4 24 | $21.2M | $205.9M | ||
| Q3 24 | $17.6M | $187.5M | ||
| Q2 24 | $21.0M | $188.8M |
| 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 | $560.4M | ||
| Q3 25 | $3.5B | $537.4M | ||
| Q2 25 | $3.4B | $516.7M | ||
| Q1 25 | $3.5B | $500.4M | ||
| Q4 24 | $3.4B | $485.6M | ||
| Q3 24 | $3.4B | $468.8M | ||
| Q2 24 | $3.4B | $451.6M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $667.9M | ||
| Q3 25 | $6.1B | $644.4M | ||
| Q2 25 | $6.0B | $609.5M | ||
| Q1 25 | $6.0B | $590.9M | ||
| Q4 24 | $6.1B | $576.2M | ||
| Q3 24 | $5.9B | $552.9M | ||
| Q2 24 | $5.9B | $527.7M |
| 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 | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $45.1M | ||
| Q3 25 | $79.3M | $35.1M | ||
| Q2 25 | $82.2M | $31.5M | ||
| Q1 25 | $60.4M | $50.4M | ||
| Q4 24 | $259.8M | $27.9M | ||
| Q3 24 | $69.2M | $6.7M | ||
| Q2 24 | $83.0M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 2.18× | ||
| Q3 25 | 11.51× | 1.98× | ||
| Q2 25 | 10.22× | 2.14× | ||
| Q1 25 | 7.23× | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | 5.60× | 0.47× | ||
| Q2 24 | 8.02× | 1.93× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
