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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $165.3M, roughly 1.6× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
IRT vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $260.4M |
| Net Profit | — | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | — | 6.5% |
| Net Margin | — | 1.4% |
| Revenue YoY | 2.5% | -9.4% |
| Net Profit YoY | — | -14.3% |
| EPS (diluted) | $0.00 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $167.1M | $262.0M | ||
| Q2 25 | $162.2M | $223.9M | ||
| Q1 25 | $161.2M | $224.7M | ||
| Q4 24 | $161.0M | $287.5M | ||
| Q3 24 | $160.1M | $277.8M | ||
| Q2 24 | $158.4M | $220.9M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $3.5M | ||
| Q3 25 | $6.9M | $2.1M | ||
| Q2 25 | $8.0M | $2.4M | ||
| Q1 25 | $8.4M | $2.7M | ||
| Q4 24 | $-1.0M | $4.1M | ||
| Q3 24 | $12.4M | $5.3M | ||
| Q2 24 | $10.4M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 1.4% | ||
| Q3 25 | 4.1% | 0.8% | ||
| Q2 25 | 5.0% | 1.1% | ||
| Q1 25 | 5.2% | 1.2% | ||
| Q4 24 | -0.6% | 1.4% | ||
| Q3 24 | 7.7% | 1.9% | ||
| Q2 24 | 6.5% | 1.7% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.39 | ||
| Q3 25 | $0.03 | $0.24 | ||
| Q2 25 | $0.03 | $0.26 | ||
| Q1 25 | $0.04 | $0.30 | ||
| Q4 24 | $-0.01 | $0.50 | ||
| Q3 24 | $0.05 | $0.58 | ||
| Q2 24 | $0.05 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $86.7M |
| Total Assets | $6.1B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $12.7M | ||
| Q3 25 | $23.3M | $14.8M | ||
| Q2 25 | $19.5M | $16.8M | ||
| Q1 25 | $29.1M | $12.7M | ||
| Q4 24 | $21.2M | $22.4M | ||
| Q3 24 | $17.6M | $23.7M | ||
| Q2 24 | $21.0M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $3.5B | $82.2M | ||
| Q2 25 | $3.4B | $80.0M | ||
| Q1 25 | $3.5B | $76.9M | ||
| Q4 24 | $3.4B | $73.6M | ||
| Q3 24 | $3.4B | $68.4M | ||
| Q2 24 | $3.4B | $62.1M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $557.6M | ||
| Q3 25 | $6.1B | $571.6M | ||
| Q2 25 | $6.0B | $570.2M | ||
| Q1 25 | $6.0B | $513.9M | ||
| Q4 24 | $6.1B | $475.9M | ||
| Q3 24 | $5.9B | $460.1M | ||
| Q2 24 | $5.9B | $429.3M |
| 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 | — | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $9.8M | ||
| Q3 25 | $79.3M | $22.8M | ||
| Q2 25 | $82.2M | $-28.9M | ||
| Q1 25 | $60.4M | $-34.9M | ||
| Q4 24 | $259.8M | $5.5M | ||
| Q3 24 | $69.2M | $22.9M | ||
| Q2 24 | $83.0M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 2.77× | ||
| Q3 25 | 11.51× | 10.70× | ||
| Q2 25 | 10.22× | -12.24× | ||
| Q1 25 | 7.23× | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | 5.60× | 4.28× | ||
| Q2 24 | 8.02× | 0.01× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
