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

GIBRALTAR INDUSTRIES, INC. is the larger business by last-quarter revenue ($225.0M vs $165.3M, roughly 1.4× INDEPENDENCE REALTY TRUST, INC.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs 2.5%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -12.3%).

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.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

IRT vs ROCK — Head-to-Head

Bigger by revenue
ROCK
ROCK
1.4× larger
ROCK
$225.0M
$165.3M
IRT
Growing faster (revenue YoY)
ROCK
ROCK
+22.4% gap
ROCK
24.9%
2.5%
IRT
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-12.3%
ROCK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
ROCK
ROCK
Revenue
$165.3M
$225.0M
Net Profit
Gross Margin
25.3%
Operating Margin
7.9%
Net Margin
Revenue YoY
2.5%
24.9%
Net Profit YoY
EPS (diluted)
$0.00

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
ROCK
ROCK
Q1 26
$165.3M
Q4 25
$167.1M
$225.0M
Q3 25
$167.1M
$310.9M
Q2 25
$162.2M
$309.5M
Q1 25
$161.2M
$290.0M
Q4 24
$161.0M
$180.1M
Q3 24
$160.1M
$277.1M
Q2 24
$158.4M
$273.6M
Net Profit
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
$33.3M
Q3 25
$6.9M
$-89.1M
Q2 25
$8.0M
$26.0M
Q1 25
$8.4M
$21.1M
Q4 24
$-1.0M
Q3 24
$12.4M
$34.0M
Q2 24
$10.4M
$32.2M
Gross Margin
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
25.3%
Q3 25
26.6%
Q2 25
28.4%
Q1 25
26.8%
Q4 24
29.0%
Q3 24
29.4%
Q2 24
30.5%
Operating Margin
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
7.9%
Q3 25
12.8%
Q2 25
12.8%
Q1 25
8.8%
Q4 24
13.3%
Q3 24
15.6%
Q2 24
14.9%
Net Margin
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
19.9%
Q3 25
4.1%
-28.6%
Q2 25
5.0%
8.4%
Q1 25
5.2%
7.3%
Q4 24
-0.6%
Q3 24
7.7%
12.3%
Q2 24
6.5%
11.8%
EPS (diluted)
IRT
IRT
ROCK
ROCK
Q1 26
$0.00
Q4 25
$0.14
Q3 25
$0.03
$-2.98
Q2 25
$0.03
$0.87
Q1 25
$0.04
Q4 24
$-0.01
Q3 24
$0.05
$1.11
Q2 24
$0.05
$1.05

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$23.3M
$115.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$3.4B
$950.4M
Total Assets
$6.1B
$1.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
ROCK
ROCK
Q1 26
$23.3M
Q4 25
$23.6M
$115.7M
Q3 25
$23.3M
$89.4M
Q2 25
$19.5M
$43.3M
Q1 25
$29.1M
$25.1M
Q4 24
$21.2M
$269.5M
Q3 24
$17.6M
$228.9M
Q2 24
$21.0M
$179.1M
Total Debt
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
$2.3B
$0
Q3 25
$2.3B
$0
Q2 25
$2.2B
$0
Q1 25
$2.3B
$0
Q4 24
$2.3B
$0
Q3 24
$2.3B
$0
Q2 24
$2.3B
$0
Stockholders' Equity
IRT
IRT
ROCK
ROCK
Q1 26
$3.4B
Q4 25
$3.5B
$950.4M
Q3 25
$3.5B
$951.8M
Q2 25
$3.4B
$1.0B
Q1 25
$3.5B
$1.0B
Q4 24
$3.4B
$1.0B
Q3 24
$3.4B
$1.0B
Q2 24
$3.4B
$975.7M
Total Assets
IRT
IRT
ROCK
ROCK
Q1 26
$6.1B
Q4 25
$6.0B
$1.4B
Q3 25
$6.1B
$1.4B
Q2 25
$6.0B
$1.5B
Q1 25
$6.0B
$1.4B
Q4 24
$6.1B
$1.4B
Q3 24
$5.9B
$1.4B
Q2 24
$5.9B
$1.4B
Debt / Equity
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
0.66×
0.00×
Q3 25
0.66×
0.00×
Q2 25
0.66×
0.00×
Q1 25
0.65×
0.00×
Q4 24
0.68×
0.00×
Q3 24
0.68×
0.00×
Q2 24
0.66×
0.00×

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
ROCK
ROCK
Operating Cash FlowLast quarter
$35.5M
Free Cash FlowOCF − Capex
$26.2M
FCF MarginFCF / Revenue
11.7%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
$282.1M
$35.5M
Q3 25
$79.3M
$73.0M
Q2 25
$82.2M
$44.9M
Q1 25
$60.4M
$13.7M
Q4 24
$259.8M
$19.9M
Q3 24
$69.2M
$64.7M
Q2 24
$83.0M
$36.5M
Free Cash Flow
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
$26.2M
Q3 25
$64.8M
Q2 25
$27.3M
Q1 25
$2.3M
Q4 24
$14.1M
Q3 24
$60.5M
Q2 24
$33.5M
FCF Margin
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
11.7%
Q3 25
20.8%
Q2 25
8.8%
Q1 25
0.8%
Q4 24
7.8%
Q3 24
21.8%
Q2 24
12.2%
Capex Intensity
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
4.1%
Q3 25
2.6%
Q2 25
5.7%
Q1 25
3.9%
Q4 24
3.3%
Q3 24
1.5%
Q2 24
1.1%
Cash Conversion
IRT
IRT
ROCK
ROCK
Q1 26
Q4 25
8.48×
Q3 25
11.51×
Q2 25
10.22×
1.73×
Q1 25
7.23×
0.65×
Q4 24
Q3 24
5.60×
1.90×
Q2 24
8.02×
1.13×

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%

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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