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

Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $165.3M, roughly 2.0× INDEPENDENCE REALTY TRUST, INC.). On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs 2.5%). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% 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.

Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.

IRT vs RVLV — Head-to-Head

Bigger by revenue
RVLV
RVLV
2.0× larger
RVLV
$324.4M
$165.3M
IRT
Growing faster (revenue YoY)
RVLV
RVLV
+7.9% gap
RVLV
10.4%
2.5%
IRT
Faster 2-yr revenue CAGR
RVLV
RVLV
Annualised
RVLV
9.5%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
RVLV
RVLV
Revenue
$165.3M
$324.4M
Net Profit
$18.6M
Gross Margin
53.3%
Operating Margin
6.3%
Net Margin
5.7%
Revenue YoY
2.5%
10.4%
Net Profit YoY
50.4%
EPS (diluted)
$0.00
$0.27

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
RVLV
RVLV
Q1 26
$165.3M
Q4 25
$167.1M
$324.4M
Q3 25
$167.1M
$295.6M
Q2 25
$162.2M
$309.0M
Q1 25
$161.2M
$296.7M
Q4 24
$161.0M
$293.7M
Q3 24
$160.1M
$283.1M
Q2 24
$158.4M
$282.5M
Net Profit
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
$33.3M
$18.6M
Q3 25
$6.9M
$21.2M
Q2 25
$8.0M
$10.2M
Q1 25
$8.4M
$11.8M
Q4 24
$-1.0M
$12.3M
Q3 24
$12.4M
$11.0M
Q2 24
$10.4M
$15.4M
Gross Margin
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
53.3%
Q3 25
54.6%
Q2 25
54.1%
Q1 25
52.0%
Q4 24
52.5%
Q3 24
51.2%
Q2 24
54.0%
Operating Margin
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
6.3%
Q3 25
7.1%
Q2 25
5.8%
Q1 25
5.0%
Q4 24
3.9%
Q3 24
5.0%
Q2 24
5.8%
Net Margin
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
19.9%
5.7%
Q3 25
4.1%
7.2%
Q2 25
5.0%
3.3%
Q1 25
5.2%
4.0%
Q4 24
-0.6%
4.2%
Q3 24
7.7%
3.9%
Q2 24
6.5%
5.4%
EPS (diluted)
IRT
IRT
RVLV
RVLV
Q1 26
$0.00
Q4 25
$0.14
$0.27
Q3 25
$0.03
$0.29
Q2 25
$0.03
$0.14
Q1 25
$0.04
$0.16
Q4 24
$-0.01
$0.18
Q3 24
$0.05
$0.15
Q2 24
$0.05
$0.21

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
RVLV
RVLV
Cash + ST InvestmentsLiquidity on hand
$23.3M
$292.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$512.5M
Total Assets
$6.1B
$765.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
RVLV
RVLV
Q1 26
$23.3M
Q4 25
$23.6M
$292.3M
Q3 25
$23.3M
$315.4M
Q2 25
$19.5M
$310.7M
Q1 25
$29.1M
$300.8M
Q4 24
$21.2M
$256.6M
Q3 24
$17.6M
$252.8M
Q2 24
$21.0M
$244.7M
Total Debt
IRT
IRT
RVLV
RVLV
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
RVLV
RVLV
Q1 26
$3.4B
Q4 25
$3.5B
$512.5M
Q3 25
$3.5B
$490.2M
Q2 25
$3.4B
$468.6M
Q1 25
$3.5B
$453.4M
Q4 24
$3.4B
$437.8M
Q3 24
$3.4B
$420.8M
Q2 24
$3.4B
$405.8M
Total Assets
IRT
IRT
RVLV
RVLV
Q1 26
$6.1B
Q4 25
$6.0B
$765.0M
Q3 25
$6.1B
$751.3M
Q2 25
$6.0B
$722.9M
Q1 25
$6.0B
$713.9M
Q4 24
$6.1B
$665.5M
Q3 24
$5.9B
$670.9M
Q2 24
$5.9B
$657.8M
Debt / Equity
IRT
IRT
RVLV
RVLV
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
RVLV
RVLV
Operating Cash FlowLast quarter
$-10.2M
Free Cash FlowOCF − Capex
$-13.3M
FCF MarginFCF / Revenue
-4.1%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$48.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
$282.1M
$-10.2M
Q3 25
$79.3M
$11.8M
Q2 25
$82.2M
$12.6M
Q1 25
$60.4M
$45.1M
Q4 24
$259.8M
$3.9M
Q3 24
$69.2M
$9.1M
Q2 24
$83.0M
$-24.7M
Free Cash Flow
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
$-13.3M
Q3 25
$7.5M
Q2 25
$10.4M
Q1 25
$43.4M
Q4 24
$2.1M
Q3 24
$8.0M
Q2 24
$-25.7M
FCF Margin
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
-4.1%
Q3 25
2.5%
Q2 25
3.4%
Q1 25
14.6%
Q4 24
0.7%
Q3 24
2.8%
Q2 24
-9.1%
Capex Intensity
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
1.0%
Q3 25
1.5%
Q2 25
0.7%
Q1 25
0.6%
Q4 24
0.6%
Q3 24
0.4%
Q2 24
0.4%
Cash Conversion
IRT
IRT
RVLV
RVLV
Q1 26
Q4 25
8.48×
-0.55×
Q3 25
11.51×
0.56×
Q2 25
10.22×
1.24×
Q1 25
7.23×
3.82×
Q4 24
0.32×
Q3 24
5.60×
0.83×
Q2 24
8.02×
-1.60×

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%

RVLV
RVLV

Fashion Apparel$155.1M48%
Dresses$76.4M24%
Handbags Shoes And Accessories$67.6M21%
Beauty$20.3M6%
Manufactured Product Other$5.0M2%
Breakage On Store Credit And Gift Cards$900.0K0%

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