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

Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $165.3M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -12.0%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs 1.4%).

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.

Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...

IRT vs SSTK — Head-to-Head

Bigger by revenue
SSTK
SSTK
1.3× larger
SSTK
$220.2M
$165.3M
IRT
Growing faster (revenue YoY)
IRT
IRT
+14.5% gap
IRT
2.5%
-12.0%
SSTK
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
1.4%
SSTK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
SSTK
SSTK
Revenue
$165.3M
$220.2M
Net Profit
$-16.0M
Gross Margin
55.8%
Operating Margin
-1.1%
Net Margin
-7.3%
Revenue YoY
2.5%
-12.0%
Net Profit YoY
-1021.0%
EPS (diluted)
$0.00
$-0.47

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
SSTK
SSTK
Q1 26
$165.3M
Q4 25
$167.1M
$220.2M
Q3 25
$167.1M
$260.1M
Q2 25
$162.2M
$267.0M
Q1 25
$161.2M
$242.6M
Q4 24
$161.0M
$250.3M
Q3 24
$160.1M
$250.6M
Q2 24
$158.4M
$220.1M
Net Profit
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
$33.3M
$-16.0M
Q3 25
$6.9M
$13.4M
Q2 25
$8.0M
$29.4M
Q1 25
$8.4M
$18.7M
Q4 24
$-1.0M
$-1.4M
Q3 24
$12.4M
$17.6M
Q2 24
$10.4M
$3.6M
Gross Margin
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
55.8%
Q3 25
60.6%
Q2 25
60.3%
Q1 25
58.4%
Q4 24
55.1%
Q3 24
58.3%
Q2 24
58.5%
Operating Margin
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
-1.1%
Q3 25
12.5%
Q2 25
13.0%
Q1 25
4.2%
Q4 24
5.3%
Q3 24
7.2%
Q2 24
9.4%
Net Margin
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
19.9%
-7.3%
Q3 25
4.1%
5.1%
Q2 25
5.0%
11.0%
Q1 25
5.2%
7.7%
Q4 24
-0.6%
-0.6%
Q3 24
7.7%
7.0%
Q2 24
6.5%
1.6%
EPS (diluted)
IRT
IRT
SSTK
SSTK
Q1 26
$0.00
Q4 25
$0.14
$-0.47
Q3 25
$0.03
$0.37
Q2 25
$0.03
$0.82
Q1 25
$0.04
$0.53
Q4 24
$-0.01
$-0.04
Q3 24
$0.05
$0.50
Q2 24
$0.05
$0.10

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$23.3M
$178.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$581.0M
Total Assets
$6.1B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
SSTK
SSTK
Q1 26
$23.3M
Q4 25
$23.6M
$178.2M
Q3 25
$23.3M
$165.5M
Q2 25
$19.5M
$116.4M
Q1 25
$29.1M
$112.2M
Q4 24
$21.2M
$111.3M
Q3 24
$17.6M
$131.4M
Q2 24
$21.0M
$74.9M
Total Debt
IRT
IRT
SSTK
SSTK
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
SSTK
SSTK
Q1 26
$3.4B
Q4 25
$3.5B
$581.0M
Q3 25
$3.5B
$594.4M
Q2 25
$3.4B
$586.2M
Q1 25
$3.5B
$547.2M
Q4 24
$3.4B
$518.4M
Q3 24
$3.4B
$522.9M
Q2 24
$3.4B
$520.4M
Total Assets
IRT
IRT
SSTK
SSTK
Q1 26
$6.1B
Q4 25
$6.0B
$1.4B
Q3 25
$6.1B
$1.4B
Q2 25
$6.0B
$1.4B
Q1 25
$6.0B
$1.3B
Q4 24
$6.1B
$1.3B
Q3 24
$5.9B
$1.3B
Q2 24
$5.9B
$1.0B
Debt / Equity
IRT
IRT
SSTK
SSTK
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
SSTK
SSTK
Operating Cash FlowLast quarter
$36.2M
Free Cash FlowOCF − Capex
$25.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
$282.1M
$36.2M
Q3 25
$79.3M
$78.4M
Q2 25
$82.2M
$26.8M
Q1 25
$60.4M
$25.2M
Q4 24
$259.8M
$8.0M
Q3 24
$69.2M
$-11.6M
Q2 24
$83.0M
$28.0M
Free Cash Flow
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
$25.9M
Q3 25
$68.0M
Q2 25
$15.5M
Q1 25
$14.4M
Q4 24
$-952.0K
Q3 24
$-26.3M
Q2 24
$18.9M
FCF Margin
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
11.8%
Q3 25
26.1%
Q2 25
5.8%
Q1 25
6.0%
Q4 24
-0.4%
Q3 24
-10.5%
Q2 24
8.6%
Capex Intensity
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
4.7%
Q3 25
4.0%
Q2 25
4.2%
Q1 25
4.5%
Q4 24
3.6%
Q3 24
5.9%
Q2 24
4.1%
Cash Conversion
IRT
IRT
SSTK
SSTK
Q1 26
Q4 25
8.48×
Q3 25
11.51×
5.86×
Q2 25
10.22×
0.91×
Q1 25
7.23×
1.35×
Q4 24
Q3 24
5.60×
-0.66×
Q2 24
8.02×
7.71×

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%

SSTK
SSTK

Segment breakdown not available.

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