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

INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $113.3M, roughly 1.5× SITIME Corp). On growth, SITIME Corp posted the faster year-over-year revenue change (66.3% vs 2.5%). Over the past eight quarters, SITIME Corp's revenue compounded faster (85.2% 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.

SiTime Corporation is a publicly traded fabless chipmaker based in Santa Clara, California that develops micro-electromechanical systems (MEMS), used for timing devices in electronics.

IRT vs SITM — Head-to-Head

Bigger by revenue
IRT
IRT
1.5× larger
IRT
$165.3M
$113.3M
SITM
Growing faster (revenue YoY)
SITM
SITM
+63.8% gap
SITM
66.3%
2.5%
IRT
Faster 2-yr revenue CAGR
SITM
SITM
Annualised
SITM
85.2%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
SITM
SITM
Revenue
$165.3M
$113.3M
Net Profit
$9.2M
Gross Margin
56.4%
Operating Margin
1.6%
Net Margin
8.1%
Revenue YoY
2.5%
66.3%
Net Profit YoY
148.7%
EPS (diluted)
$0.00
$0.44

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
SITM
SITM
Q1 26
$165.3M
Q4 25
$167.1M
$113.3M
Q3 25
$167.1M
$83.6M
Q2 25
$162.2M
$69.5M
Q1 25
$161.2M
$60.3M
Q4 24
$161.0M
$68.1M
Q3 24
$160.1M
$57.7M
Q2 24
$158.4M
$43.9M
Net Profit
IRT
IRT
SITM
SITM
Q1 26
Q4 25
$33.3M
$9.2M
Q3 25
$6.9M
$-8.0M
Q2 25
$8.0M
$-20.2M
Q1 25
$8.4M
$-23.9M
Q4 24
$-1.0M
$-18.8M
Q3 24
$12.4M
$-19.3M
Q2 24
$10.4M
$-26.8M
Gross Margin
IRT
IRT
SITM
SITM
Q1 26
Q4 25
56.4%
Q3 25
53.5%
Q2 25
51.9%
Q1 25
50.3%
Q4 24
52.6%
Q3 24
51.1%
Q2 24
49.1%
Operating Margin
IRT
IRT
SITM
SITM
Q1 26
Q4 25
1.6%
Q3 25
-19.2%
Q2 25
-35.4%
Q1 25
-46.6%
Q4 24
-33.8%
Q3 24
-43.1%
Q2 24
-73.7%
Net Margin
IRT
IRT
SITM
SITM
Q1 26
Q4 25
19.9%
8.1%
Q3 25
4.1%
-9.6%
Q2 25
5.0%
-29.0%
Q1 25
5.2%
-39.6%
Q4 24
-0.6%
-27.6%
Q3 24
7.7%
-33.5%
Q2 24
6.5%
-61.0%
EPS (diluted)
IRT
IRT
SITM
SITM
Q1 26
$0.00
Q4 25
$0.14
$0.44
Q3 25
$0.03
$-0.31
Q2 25
$0.03
$-0.84
Q1 25
$0.04
$-1.01
Q4 24
$-0.01
$-0.80
Q3 24
$0.05
$-0.83
Q2 24
$0.05
$-1.16

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
SITM
SITM
Cash + ST InvestmentsLiquidity on hand
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$1.2B
Total Assets
$6.1B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
SITM
SITM
Q1 26
$23.3M
Q4 25
$23.6M
Q3 25
$23.3M
Q2 25
$19.5M
Q1 25
$29.1M
Q4 24
$21.2M
Q3 24
$17.6M
Q2 24
$21.0M
Total Debt
IRT
IRT
SITM
SITM
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
SITM
SITM
Q1 26
$3.4B
Q4 25
$3.5B
$1.2B
Q3 25
$3.5B
$1.1B
Q2 25
$3.4B
$1.1B
Q1 25
$3.5B
$692.5M
Q4 24
$3.4B
$699.7M
Q3 24
$3.4B
$696.2M
Q2 24
$3.4B
$692.5M
Total Assets
IRT
IRT
SITM
SITM
Q1 26
$6.1B
Q4 25
$6.0B
$1.3B
Q3 25
$6.1B
$1.3B
Q2 25
$6.0B
$1.3B
Q1 25
$6.0B
$872.1M
Q4 24
$6.1B
$885.0M
Q3 24
$5.9B
$877.9M
Q2 24
$5.9B
$878.6M
Debt / Equity
IRT
IRT
SITM
SITM
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
SITM
SITM
Operating Cash FlowLast quarter
$25.4M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
10.9%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
SITM
SITM
Q1 26
Q4 25
$282.1M
$25.4M
Q3 25
$79.3M
$31.4M
Q2 25
$82.2M
$15.3M
Q1 25
$60.4M
$15.0M
Q4 24
$259.8M
$13.5M
Q3 24
$69.2M
$8.2M
Q2 24
$83.0M
$-181.0K
Free Cash Flow
IRT
IRT
SITM
SITM
Q1 26
Q4 25
$13.0M
Q3 25
$26.3M
Q2 25
$-2.9M
Q1 25
$-1.3M
Q4 24
$-2.4M
Q3 24
$-6.7M
Q2 24
$-2.7M
FCF Margin
IRT
IRT
SITM
SITM
Q1 26
Q4 25
11.5%
Q3 25
31.5%
Q2 25
-4.2%
Q1 25
-2.1%
Q4 24
-3.5%
Q3 24
-11.6%
Q2 24
-6.3%
Capex Intensity
IRT
IRT
SITM
SITM
Q1 26
Q4 25
10.9%
Q3 25
6.1%
Q2 25
26.2%
Q1 25
27.0%
Q4 24
23.3%
Q3 24
25.7%
Q2 24
5.8%
Cash Conversion
IRT
IRT
SITM
SITM
Q1 26
Q4 25
8.48×
2.77×
Q3 25
11.51×
Q2 25
10.22×
Q1 25
7.23×
Q4 24
Q3 24
5.60×
Q2 24
8.02×

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%

SITM
SITM

Segment breakdown not available.

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