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

QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $165.3M, roughly 1.7× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 1.9%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% 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.

QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.

IRT vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.7× larger
QNST
$287.8M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+0.7% gap
IRT
2.5%
1.9%
QNST
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
IRT
IRT
QNST
QNST
Revenue
$165.3M
$287.8M
Net Profit
$50.2M
Gross Margin
9.6%
Operating Margin
0.4%
Net Margin
17.4%
Revenue YoY
2.5%
1.9%
Net Profit YoY
3342.5%
EPS (diluted)
$0.00
$0.87

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
QNST
QNST
Q1 26
$165.3M
Q4 25
$167.1M
$287.8M
Q3 25
$167.1M
$285.9M
Q2 25
$162.2M
Q1 25
$161.2M
$269.8M
Q4 24
$161.0M
$282.6M
Q3 24
$160.1M
$279.2M
Q2 24
$158.4M
$198.3M
Net Profit
IRT
IRT
QNST
QNST
Q1 26
Q4 25
$33.3M
$50.2M
Q3 25
$6.9M
$4.5M
Q2 25
$8.0M
Q1 25
$8.4M
$4.4M
Q4 24
$-1.0M
$-1.5M
Q3 24
$12.4M
$-1.4M
Q2 24
$10.4M
$-2.2M
Gross Margin
IRT
IRT
QNST
QNST
Q1 26
Q4 25
9.6%
Q3 25
9.4%
Q2 25
Q1 25
10.3%
Q4 24
9.5%
Q3 24
10.2%
Q2 24
8.8%
Operating Margin
IRT
IRT
QNST
QNST
Q1 26
Q4 25
0.4%
Q3 25
1.7%
Q2 25
Q1 25
1.8%
Q4 24
-0.5%
Q3 24
-0.4%
Q2 24
-0.7%
Net Margin
IRT
IRT
QNST
QNST
Q1 26
Q4 25
19.9%
17.4%
Q3 25
4.1%
1.6%
Q2 25
5.0%
Q1 25
5.2%
1.6%
Q4 24
-0.6%
-0.5%
Q3 24
7.7%
-0.5%
Q2 24
6.5%
-1.1%
EPS (diluted)
IRT
IRT
QNST
QNST
Q1 26
$0.00
Q4 25
$0.14
$0.87
Q3 25
$0.03
$0.08
Q2 25
$0.03
Q1 25
$0.04
$0.08
Q4 24
$-0.01
$-0.03
Q3 24
$0.05
$-0.02
Q2 24
$0.05
$-0.04

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$23.3M
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$294.4M
Total Assets
$6.1B
$493.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
QNST
QNST
Q1 26
$23.3M
Q4 25
$23.6M
$107.0M
Q3 25
$23.3M
$101.3M
Q2 25
$19.5M
Q1 25
$29.1M
$81.8M
Q4 24
$21.2M
$57.8M
Q3 24
$17.6M
$25.0M
Q2 24
$21.0M
$50.5M
Total Debt
IRT
IRT
QNST
QNST
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
QNST
QNST
Q1 26
$3.4B
Q4 25
$3.5B
$294.4M
Q3 25
$3.5B
$246.7M
Q2 25
$3.4B
Q1 25
$3.5B
$235.5M
Q4 24
$3.4B
$224.3M
Q3 24
$3.4B
$219.8M
Q2 24
$3.4B
$216.8M
Total Assets
IRT
IRT
QNST
QNST
Q1 26
$6.1B
Q4 25
$6.0B
$493.0M
Q3 25
$6.1B
$442.6M
Q2 25
$6.0B
Q1 25
$6.0B
$417.2M
Q4 24
$6.1B
$409.6M
Q3 24
$5.9B
$401.2M
Q2 24
$5.9B
$368.5M
Debt / Equity
IRT
IRT
QNST
QNST
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
QNST
QNST
Operating Cash FlowLast quarter
$21.6M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
QNST
QNST
Q1 26
Q4 25
$282.1M
$21.6M
Q3 25
$79.3M
$19.6M
Q2 25
$82.2M
Q1 25
$60.4M
$30.1M
Q4 24
$259.8M
$38.7M
Q3 24
$69.2M
$-13.7M
Q2 24
$83.0M
$16.6M
Free Cash Flow
IRT
IRT
QNST
QNST
Q1 26
Q4 25
$20.7M
Q3 25
$18.4M
Q2 25
Q1 25
$29.5M
Q4 24
$38.2M
Q3 24
$-14.1M
Q2 24
$15.4M
FCF Margin
IRT
IRT
QNST
QNST
Q1 26
Q4 25
7.2%
Q3 25
6.4%
Q2 25
Q1 25
10.9%
Q4 24
13.5%
Q3 24
-5.1%
Q2 24
7.8%
Capex Intensity
IRT
IRT
QNST
QNST
Q1 26
Q4 25
0.3%
Q3 25
0.4%
Q2 25
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.6%
Cash Conversion
IRT
IRT
QNST
QNST
Q1 26
Q4 25
8.48×
0.43×
Q3 25
11.51×
4.32×
Q2 25
10.22×
Q1 25
7.23×
6.82×
Q4 24
Q3 24
5.60×
Q2 24
8.02×

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%

QNST
QNST

Financial Service$216.8M75%
Home Services And Other Revenue$71.0M25%

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