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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Pacira BioSciences, Inc. (PCRX). Click either name above to swap in a different company.

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($196.9M vs $165.3M, roughly 1.2× INDEPENDENCE REALTY TRUST, INC.). On growth, Pacira BioSciences, Inc. posted the faster year-over-year revenue change (5.1% vs 2.5%). Over the past eight quarters, Pacira BioSciences, Inc.'s revenue compounded faster (8.5% 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.

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

IRT vs PCRX — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.2× larger
PCRX
$196.9M
$165.3M
IRT
Growing faster (revenue YoY)
PCRX
PCRX
+2.6% gap
PCRX
5.1%
2.5%
IRT
Faster 2-yr revenue CAGR
PCRX
PCRX
Annualised
PCRX
8.5%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
PCRX
PCRX
Revenue
$165.3M
$196.9M
Net Profit
Gross Margin
79.5%
Operating Margin
1.2%
Net Margin
Revenue YoY
2.5%
5.1%
Net Profit YoY
EPS (diluted)
$0.00
$0.05

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
PCRX
PCRX
Q1 26
$165.3M
Q4 25
$167.1M
$196.9M
Q3 25
$167.1M
$179.5M
Q2 25
$162.2M
$181.1M
Q1 25
$161.2M
$168.9M
Q4 24
$161.0M
$187.3M
Q3 24
$160.1M
$168.6M
Q2 24
$158.4M
$178.0M
Net Profit
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
$33.3M
Q3 25
$6.9M
$5.4M
Q2 25
$8.0M
$-4.8M
Q1 25
$8.4M
$4.8M
Q4 24
$-1.0M
Q3 24
$12.4M
$-143.5M
Q2 24
$10.4M
$18.9M
Gross Margin
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
79.5%
Q3 25
80.9%
Q2 25
77.4%
Q1 25
79.7%
Q4 24
78.7%
Q3 24
76.9%
Q2 24
75.1%
Operating Margin
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
1.2%
Q3 25
3.5%
Q2 25
4.7%
Q1 25
1.2%
Q4 24
13.2%
Q3 24
-82.8%
Q2 24
15.9%
Net Margin
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
19.9%
Q3 25
4.1%
3.0%
Q2 25
5.0%
-2.7%
Q1 25
5.2%
2.8%
Q4 24
-0.6%
Q3 24
7.7%
-85.1%
Q2 24
6.5%
10.6%
EPS (diluted)
IRT
IRT
PCRX
PCRX
Q1 26
$0.00
Q4 25
$0.14
$0.05
Q3 25
$0.03
$0.12
Q2 25
$0.03
$-0.11
Q1 25
$0.04
$0.10
Q4 24
$-0.01
$0.38
Q3 24
$0.05
$-3.11
Q2 24
$0.05
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRT
IRT
PCRX
PCRX
Cash + ST InvestmentsLiquidity on hand
$23.3M
$238.4M
Total DebtLower is stronger
$372.2M
Stockholders' EquityBook value
$3.4B
$693.1M
Total Assets
$6.1B
$1.3B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
PCRX
PCRX
Q1 26
$23.3M
Q4 25
$23.6M
$238.4M
Q3 25
$23.3M
$246.3M
Q2 25
$19.5M
$445.9M
Q1 25
$29.1M
$493.6M
Q4 24
$21.2M
$484.6M
Q3 24
$17.6M
$453.8M
Q2 24
$21.0M
$404.2M
Total Debt
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
$2.3B
$372.2M
Q3 25
$2.3B
$376.7M
Q2 25
$2.2B
$580.5M
Q1 25
$2.3B
$583.4M
Q4 24
$2.3B
$585.3M
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
IRT
IRT
PCRX
PCRX
Q1 26
$3.4B
Q4 25
$3.5B
$693.1M
Q3 25
$3.5B
$727.2M
Q2 25
$3.4B
$757.8M
Q1 25
$3.5B
$798.5M
Q4 24
$3.4B
$778.3M
Q3 24
$3.4B
$749.6M
Q2 24
$3.4B
$879.3M
Total Assets
IRT
IRT
PCRX
PCRX
Q1 26
$6.1B
Q4 25
$6.0B
$1.3B
Q3 25
$6.1B
$1.3B
Q2 25
$6.0B
$1.5B
Q1 25
$6.0B
$1.6B
Q4 24
$6.1B
$1.6B
Q3 24
$5.9B
$1.5B
Q2 24
$5.9B
$1.6B
Debt / Equity
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
0.66×
0.54×
Q3 25
0.66×
0.52×
Q2 25
0.66×
0.77×
Q1 25
0.65×
0.73×
Q4 24
0.68×
0.75×
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
IRT
IRT
PCRX
PCRX
Operating Cash FlowLast quarter
$43.7M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
22.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
$282.1M
$43.7M
Q3 25
$79.3M
$60.8M
Q2 25
$82.2M
$12.0M
Q1 25
$60.4M
$35.5M
Q4 24
$259.8M
$33.1M
Q3 24
$69.2M
$53.9M
Q2 24
$83.0M
$53.2M
Free Cash Flow
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
$43.5M
Q3 25
$57.0M
Q2 25
$9.3M
Q1 25
$26.9M
Q4 24
$31.0M
Q3 24
$49.8M
Q2 24
$51.6M
FCF Margin
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
22.1%
Q3 25
31.7%
Q2 25
5.1%
Q1 25
15.9%
Q4 24
16.6%
Q3 24
29.6%
Q2 24
29.0%
Capex Intensity
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
0.1%
Q3 25
2.2%
Q2 25
1.5%
Q1 25
5.1%
Q4 24
1.1%
Q3 24
2.4%
Q2 24
0.9%
Cash Conversion
IRT
IRT
PCRX
PCRX
Q1 26
Q4 25
8.48×
Q3 25
11.51×
11.20×
Q2 25
10.22×
Q1 25
7.23×
7.37×
Q4 24
Q3 24
5.60×
Q2 24
8.02×
2.82×

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%

PCRX
PCRX

EXPAREL$155.8M79%
ZILRETTA$33.0M17%
Iovera$7.0M4%

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