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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and POWELL INDUSTRIES INC (POWL). Click either name above to swap in a different company.

POWELL INDUSTRIES INC is the larger business by last-quarter revenue ($251.2M vs $165.3M, roughly 1.5× INDEPENDENCE REALTY TRUST, INC.). On growth, POWELL INDUSTRIES INC posted the faster year-over-year revenue change (4.0% vs 2.5%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -0.8%).

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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

IRT vs POWL — Head-to-Head

Bigger by revenue
POWL
POWL
1.5× larger
POWL
$251.2M
$165.3M
IRT
Growing faster (revenue YoY)
POWL
POWL
+1.5% gap
POWL
4.0%
2.5%
IRT
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
POWL
POWL
Revenue
$165.3M
$251.2M
Net Profit
$41.4M
Gross Margin
28.4%
Operating Margin
17.0%
Net Margin
16.5%
Revenue YoY
2.5%
4.0%
Net Profit YoY
19.1%
EPS (diluted)
$0.00
$3.40

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
POWL
POWL
Q1 26
$165.3M
Q4 25
$167.1M
$251.2M
Q3 25
$167.1M
$298.0M
Q2 25
$162.2M
$286.3M
Q1 25
$161.2M
$278.6M
Q4 24
$161.0M
$241.4M
Q3 24
$160.1M
$275.1M
Q2 24
$158.4M
$288.2M
Net Profit
IRT
IRT
POWL
POWL
Q1 26
Q4 25
$33.3M
$41.4M
Q3 25
$6.9M
$51.4M
Q2 25
$8.0M
$48.2M
Q1 25
$8.4M
$46.3M
Q4 24
$-1.0M
$34.8M
Q3 24
$12.4M
$46.1M
Q2 24
$10.4M
$46.2M
Gross Margin
IRT
IRT
POWL
POWL
Q1 26
Q4 25
28.4%
Q3 25
31.4%
Q2 25
30.7%
Q1 25
29.9%
Q4 24
24.7%
Q3 24
29.2%
Q2 24
28.4%
Operating Margin
IRT
IRT
POWL
POWL
Q1 26
Q4 25
17.0%
Q3 25
21.2%
Q2 25
21.0%
Q1 25
21.1%
Q4 24
14.7%
Q3 24
20.4%
Q2 24
19.9%
Net Margin
IRT
IRT
POWL
POWL
Q1 26
Q4 25
19.9%
16.5%
Q3 25
4.1%
17.3%
Q2 25
5.0%
16.8%
Q1 25
5.2%
16.6%
Q4 24
-0.6%
14.4%
Q3 24
7.7%
16.7%
Q2 24
6.5%
16.0%
EPS (diluted)
IRT
IRT
POWL
POWL
Q1 26
$0.00
Q4 25
$0.14
$3.40
Q3 25
$0.03
$4.23
Q2 25
$0.03
$3.96
Q1 25
$0.04
$3.81
Q4 24
$-0.01
$2.86
Q3 24
$0.05
$3.77
Q2 24
$0.05
$3.79

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$23.3M
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$668.9M
Total Assets
$6.1B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
POWL
POWL
Q1 26
$23.3M
Q4 25
$23.6M
$500.8M
Q3 25
$23.3M
$475.5M
Q2 25
$19.5M
$433.0M
Q1 25
$29.1M
$389.3M
Q4 24
$21.2M
$373.4M
Q3 24
$17.6M
$358.4M
Q2 24
$21.0M
$374.0M
Total Debt
IRT
IRT
POWL
POWL
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
Stockholders' Equity
IRT
IRT
POWL
POWL
Q1 26
$3.4B
Q4 25
$3.5B
$668.9M
Q3 25
$3.5B
$640.8M
Q2 25
$3.4B
$594.9M
Q1 25
$3.5B
$541.4M
Q4 24
$3.4B
$496.3M
Q3 24
$3.4B
$483.1M
Q2 24
$3.4B
$436.7M
Total Assets
IRT
IRT
POWL
POWL
Q1 26
$6.1B
Q4 25
$6.0B
$1.1B
Q3 25
$6.1B
$1.1B
Q2 25
$6.0B
$1.0B
Q1 25
$6.0B
$965.4M
Q4 24
$6.1B
$912.7M
Q3 24
$5.9B
$928.2M
Q2 24
$5.9B
$869.0M
Debt / Equity
IRT
IRT
POWL
POWL
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
IRT
IRT
POWL
POWL
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$41.6M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
POWL
POWL
Q1 26
Q4 25
$282.1M
$43.6M
Q3 25
$79.3M
$61.1M
Q2 25
$82.2M
$47.4M
Q1 25
$60.4M
$22.4M
Q4 24
$259.8M
$37.1M
Q3 24
$69.2M
$-6.0M
Q2 24
$83.0M
$13.8M
Free Cash Flow
IRT
IRT
POWL
POWL
Q1 26
Q4 25
$41.6M
Q3 25
$59.3M
Q2 25
$42.3M
Q1 25
$18.3M
Q4 24
$34.9M
Q3 24
$-14.4M
Q2 24
$12.4M
FCF Margin
IRT
IRT
POWL
POWL
Q1 26
Q4 25
16.6%
Q3 25
19.9%
Q2 25
14.8%
Q1 25
6.6%
Q4 24
14.4%
Q3 24
-5.3%
Q2 24
4.3%
Capex Intensity
IRT
IRT
POWL
POWL
Q1 26
Q4 25
0.8%
Q3 25
0.6%
Q2 25
1.8%
Q1 25
1.5%
Q4 24
0.9%
Q3 24
3.1%
Q2 24
0.5%
Cash Conversion
IRT
IRT
POWL
POWL
Q1 26
Q4 25
8.48×
1.05×
Q3 25
11.51×
1.19×
Q2 25
10.22×
0.98×
Q1 25
7.23×
0.48×
Q4 24
1.07×
Q3 24
5.60×
-0.13×
Q2 24
8.02×
0.30×

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%

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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