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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $165.3M, roughly 1.4× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -12.3%). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
IRT vs RLGT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $232.1M |
| Net Profit | — | $5.3M |
| Gross Margin | — | — |
| Operating Margin | — | 3.2% |
| Net Margin | — | 2.3% |
| Revenue YoY | 2.5% | -12.3% |
| Net Profit YoY | — | -18.0% |
| EPS (diluted) | $0.00 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $167.1M | $226.7M | ||
| Q2 25 | $162.2M | $220.6M | ||
| Q1 25 | $161.2M | $214.0M | ||
| Q4 24 | $161.0M | $264.5M | ||
| Q3 24 | $160.1M | $203.6M | ||
| Q2 24 | $158.4M | $206.0M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $5.3M | ||
| Q3 25 | $6.9M | $1.3M | ||
| Q2 25 | $8.0M | $4.9M | ||
| Q1 25 | $8.4M | $2.5M | ||
| Q4 24 | $-1.0M | $6.5M | ||
| Q3 24 | $12.4M | $3.4M | ||
| Q2 24 | $10.4M | $4.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 2.3% | ||
| Q3 25 | 4.1% | 0.6% | ||
| Q2 25 | 5.0% | 2.2% | ||
| Q1 25 | 5.2% | 1.2% | ||
| Q4 24 | -0.6% | 2.4% | ||
| Q3 24 | 7.7% | 1.7% | ||
| Q2 24 | 6.5% | 2.3% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.11 | ||
| Q3 25 | $0.03 | $0.03 | ||
| Q2 25 | $0.03 | $0.10 | ||
| Q1 25 | $0.04 | $0.05 | ||
| Q4 24 | $-0.01 | $0.13 | ||
| Q3 24 | $0.05 | $0.07 | ||
| Q2 24 | $0.05 | $0.11 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $229.8M |
| Total Assets | $6.1B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $31.9M | ||
| Q3 25 | $23.3M | $28.1M | ||
| Q2 25 | $19.5M | $22.9M | ||
| Q1 25 | $29.1M | $19.0M | ||
| Q4 24 | $21.2M | $19.9M | ||
| Q3 24 | $17.6M | $10.4M | ||
| Q2 24 | $21.0M | $24.9M |
| 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 | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $229.8M | ||
| Q3 25 | $3.5B | $225.7M | ||
| Q2 25 | $3.4B | $226.0M | ||
| Q1 25 | $3.5B | $218.2M | ||
| Q4 24 | $3.4B | $214.4M | ||
| Q3 24 | $3.4B | $212.4M | ||
| Q2 24 | $3.4B | $209.4M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $439.4M | ||
| Q3 25 | $6.1B | $445.3M | ||
| Q2 25 | $6.0B | $426.8M | ||
| Q1 25 | $6.0B | $414.5M | ||
| Q4 24 | $6.1B | $386.8M | ||
| Q3 24 | $5.9B | $375.3M | ||
| Q2 24 | $5.9B | $371.2M |
| 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 | — | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $12.4M | ||
| Q3 25 | $79.3M | $2.5M | ||
| Q2 25 | $82.2M | $3.1M | ||
| Q1 25 | $60.4M | $-5.7M | ||
| Q4 24 | $259.8M | $15.7M | ||
| Q3 24 | $69.2M | $205.0K | ||
| Q2 24 | $83.0M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 2.33× | ||
| Q3 25 | 11.51× | 1.90× | ||
| Q2 25 | 10.22× | 0.63× | ||
| Q1 25 | 7.23× | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | 5.60× | 0.06× | ||
| Q2 24 | 8.02× | 0.26× |
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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
