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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and CPI Card Group Inc. (PMTS). 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 $153.1M, roughly 1.1× CPI Card Group Inc.). On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 2.5%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
IRT vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $153.1M |
| Net Profit | — | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | — | 12.0% |
| Net Margin | — | 4.8% |
| Revenue YoY | 2.5% | 22.3% |
| Net Profit YoY | — | 8.5% |
| EPS (diluted) | $0.00 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $167.1M | $138.0M | ||
| Q2 25 | $162.2M | $129.8M | ||
| Q1 25 | $161.2M | $122.8M | ||
| Q4 24 | $161.0M | $125.1M | ||
| Q3 24 | $160.1M | $124.8M | ||
| Q2 24 | $158.4M | $118.8M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $7.3M | ||
| Q3 25 | $6.9M | $2.3M | ||
| Q2 25 | $8.0M | $518.0K | ||
| Q1 25 | $8.4M | $4.8M | ||
| Q4 24 | $-1.0M | $6.8M | ||
| Q3 24 | $12.4M | $1.3M | ||
| Q2 24 | $10.4M | $6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 4.8% | ||
| Q3 25 | 4.1% | 1.7% | ||
| Q2 25 | 5.0% | 0.4% | ||
| Q1 25 | 5.2% | 3.9% | ||
| Q4 24 | -0.6% | 5.4% | ||
| Q3 24 | 7.7% | 1.0% | ||
| Q2 24 | 6.5% | 5.1% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.62 | ||
| Q3 25 | $0.03 | $0.19 | ||
| Q2 25 | $0.03 | $0.04 | ||
| Q1 25 | $0.04 | $0.40 | ||
| Q4 24 | $-0.01 | $0.56 | ||
| Q3 24 | $0.05 | $0.11 | ||
| Q2 24 | $0.05 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $3.4B | $-17.3M |
| Total Assets | $6.1B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $21.7M | ||
| Q3 25 | $23.3M | $16.0M | ||
| Q2 25 | $19.5M | $17.1M | ||
| Q1 25 | $29.1M | $31.5M | ||
| Q4 24 | $21.2M | $33.5M | ||
| Q3 24 | $17.6M | $14.7M | ||
| Q2 24 | $21.0M | $7.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $286.7M | ||
| Q3 25 | $2.3B | $308.4M | ||
| Q2 25 | $2.2B | $310.9M | ||
| Q1 25 | $2.3B | $280.7M | ||
| Q4 24 | $2.3B | $280.4M | ||
| Q3 24 | $2.3B | $280.2M | ||
| Q2 24 | $2.3B | $269.7M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $-17.3M | ||
| Q3 25 | $3.5B | $-25.7M | ||
| Q2 25 | $3.4B | $-29.0M | ||
| Q1 25 | $3.5B | $-29.7M | ||
| Q4 24 | $3.4B | $-35.6M | ||
| Q3 24 | $3.4B | $-42.8M | ||
| Q2 24 | $3.4B | $-44.6M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $403.2M | ||
| Q3 25 | $6.1B | $407.1M | ||
| Q2 25 | $6.0B | $399.8M | ||
| Q1 25 | $6.0B | $351.9M | ||
| Q4 24 | $6.1B | $349.7M | ||
| Q3 24 | $5.9B | $342.3M | ||
| Q2 24 | $5.9B | $321.4M |
| 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 | — | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $39.6M | ||
| Q3 25 | $79.3M | $10.0M | ||
| Q2 25 | $82.2M | $4.3M | ||
| Q1 25 | $60.4M | $5.6M | ||
| Q4 24 | $259.8M | $26.7M | ||
| Q3 24 | $69.2M | $12.5M | ||
| Q2 24 | $83.0M | $-4.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 5.39× | ||
| Q3 25 | 11.51× | 4.32× | ||
| Q2 25 | 10.22× | 8.39× | ||
| Q1 25 | 7.23× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | 5.60× | 9.70× | ||
| Q2 24 | 8.02× | -0.79× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
