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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $167.1M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). INDEPENDENCE REALTY TRUST, INC. runs the higher net margin — 19.9% vs 18.8%, a 1.1% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 3.8%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 2.0%).
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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
IRT vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $167.1M | $212.2M |
| Net Profit | $33.3M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | — | 18.6% |
| Net Margin | 19.9% | 18.8% |
| Revenue YoY | 3.8% | 8.6% |
| Net Profit YoY | 3410.0% | 255.7% |
| EPS (diluted) | $0.14 | $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.
| Q4 25 | $167.1M | $212.2M | ||
| Q3 25 | $167.1M | $199.8M | ||
| Q2 25 | $162.2M | $194.8M | ||
| Q1 25 | $161.2M | $188.7M | ||
| Q4 24 | $161.0M | $195.4M | ||
| Q3 24 | $160.1M | $185.5M | ||
| Q2 24 | $158.4M | $176.0M | ||
| Q1 24 | $160.5M | $171.9M |
| Q4 25 | $33.3M | $39.9M | ||
| Q3 25 | $6.9M | $27.4M | ||
| Q2 25 | $8.0M | $7.7M | ||
| Q1 25 | $8.4M | $-6.3M | ||
| Q4 24 | $-1.0M | $11.2M | ||
| Q3 24 | $12.4M | $1.7M | ||
| Q2 24 | $10.4M | $-7.5M | ||
| Q1 24 | $17.6M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | -8.3% |
| Q4 25 | 19.9% | 18.8% | ||
| Q3 25 | 4.1% | 13.7% | ||
| Q2 25 | 5.0% | 4.0% | ||
| Q1 25 | 5.2% | -3.3% | ||
| Q4 24 | -0.6% | 5.7% | ||
| Q3 24 | 7.7% | 0.9% | ||
| Q2 24 | 6.5% | -4.3% | ||
| Q1 24 | 10.9% | -3.1% |
| Q4 25 | $0.14 | $0.62 | ||
| Q3 25 | $0.03 | $0.42 | ||
| Q2 25 | $0.03 | $0.12 | ||
| Q1 25 | $0.04 | $-0.10 | ||
| Q4 24 | $-0.01 | $0.17 | ||
| Q3 24 | $0.05 | $0.03 | ||
| Q2 24 | $0.05 | $-0.11 | ||
| Q1 24 | $0.08 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.6M | $403.4M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $3.5B | $962.3M |
| Total Assets | $6.0B | $1.3B |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.6M | $403.4M | ||
| Q3 25 | $23.3M | $376.9M | ||
| Q2 25 | $19.5M | $371.1M | ||
| Q1 25 | $29.1M | $420.8M | ||
| Q4 24 | $21.2M | $384.3M | ||
| Q3 24 | $17.6M | $348.4M | ||
| Q2 24 | $21.0M | $342.7M | ||
| Q1 24 | $21.3M | $368.9M |
| 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 24 | $2.3B | — |
| Q4 25 | $3.5B | $962.3M | ||
| Q3 25 | $3.5B | $943.8M | ||
| Q2 25 | $3.4B | $947.8M | ||
| Q1 25 | $3.5B | $948.9M | ||
| Q4 24 | $3.4B | $957.7M | ||
| Q3 24 | $3.4B | $932.1M | ||
| Q2 24 | $3.4B | $951.9M | ||
| Q1 24 | $3.4B | $949.1M |
| Q4 25 | $6.0B | $1.3B | ||
| Q3 25 | $6.1B | $1.2B | ||
| Q2 25 | $6.0B | $1.2B | ||
| Q1 25 | $6.0B | $1.3B | ||
| Q4 24 | $6.1B | $1.3B | ||
| Q3 24 | $5.9B | $1.2B | ||
| Q2 24 | $5.9B | $1.2B | ||
| Q1 24 | $6.0B | $1.2B |
| 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× | — | ||
| Q1 24 | 0.67× | — |
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 | $282.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 8.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.1M | — | ||
| Q3 25 | $79.3M | $57.4M | ||
| Q2 25 | $82.2M | $-15.8M | ||
| Q1 25 | $60.4M | — | ||
| Q4 24 | $259.8M | $45.1M | ||
| Q3 24 | $69.2M | $55.6M | ||
| Q2 24 | $83.0M | $-9.3M | ||
| Q1 24 | $44.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | 2.09× | ||
| Q2 25 | 10.22× | -2.04× | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 5.60× | 32.10× | ||
| Q2 24 | 8.02× | — | ||
| Q1 24 | 2.51× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
