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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $167.1M, roughly 1.2× INDEPENDENCE REALTY TRUST, INC.). INDEPENDENCE REALTY TRUST, INC. runs the higher net margin — 19.9% vs -3.1%, a 23.0% gap on every dollar of revenue. On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (3.8% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 2.0%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
IRT vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.1M | $207.0M |
| Net Profit | $33.3M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | 19.9% | -3.1% |
| Revenue YoY | 3.8% | -6.7% |
| Net Profit YoY | 3410.0% | -531.8% |
| EPS (diluted) | $0.14 | $-0.50 |
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.
| Q4 25 | $167.1M | $207.0M | ||
| Q3 25 | $167.1M | $180.2M | ||
| Q2 25 | $162.2M | $207.4M | ||
| Q1 25 | $161.2M | $211.1M | ||
| Q4 24 | $161.0M | $221.9M | ||
| Q3 24 | $160.1M | $194.0M | ||
| Q2 24 | $158.4M | $172.5M | ||
| Q1 24 | $160.5M | $85.0M |
| Q4 25 | $33.3M | $-6.4M | ||
| Q3 25 | $6.9M | $-76.7M | ||
| Q2 25 | $8.0M | $-10.1M | ||
| Q1 25 | $8.4M | $975.0K | ||
| Q4 24 | $-1.0M | $1.5M | ||
| Q3 24 | $12.4M | $-9.3M | ||
| Q2 24 | $10.4M | $-7.3M | ||
| Q1 24 | $17.6M | $-2.1M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | 19.9% | -3.1% | ||
| Q3 25 | 4.1% | -42.6% | ||
| Q2 25 | 5.0% | -4.9% | ||
| Q1 25 | 5.2% | 0.5% | ||
| Q4 24 | -0.6% | 0.7% | ||
| Q3 24 | 7.7% | -4.8% | ||
| Q2 24 | 6.5% | -4.3% | ||
| Q1 24 | 10.9% | -2.4% |
| Q4 25 | $0.14 | $-0.50 | ||
| Q3 25 | $0.03 | $-2.75 | ||
| Q2 25 | $0.03 | $-0.59 | ||
| Q1 25 | $0.04 | $-0.21 | ||
| Q4 24 | $-0.01 | $-0.18 | ||
| Q3 24 | $0.05 | $-0.53 | ||
| Q2 24 | $0.05 | $-0.38 | ||
| Q1 24 | $0.08 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.6M | $4.2M |
| Total DebtLower is stronger | $2.3B | $354.2M |
| Stockholders' EquityBook value | $3.5B | $-75.8M |
| Total Assets | $6.0B | $884.2M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.6M | $4.2M | ||
| Q3 25 | $23.3M | $5.5M | ||
| Q2 25 | $19.5M | $4.7M | ||
| Q1 25 | $29.1M | $21.4M | ||
| Q4 24 | $21.2M | $27.6M | ||
| Q3 24 | $17.6M | $28.2M | ||
| Q2 24 | $21.0M | $32.2M | ||
| Q1 24 | $21.3M | $15.4M |
| Q4 25 | $2.3B | $354.2M | ||
| Q3 25 | $2.3B | $355.0M | ||
| Q2 25 | $2.2B | $347.4M | ||
| Q1 25 | $2.3B | $348.3M | ||
| Q4 24 | $2.3B | $348.3M | ||
| Q3 24 | $2.3B | $349.1M | ||
| Q2 24 | $2.3B | $350.0M | ||
| Q1 24 | $2.3B | $73.5M |
| Q4 25 | $3.5B | $-75.8M | ||
| Q3 25 | $3.5B | $-61.5M | ||
| Q2 25 | $3.4B | $23.0M | ||
| Q1 25 | $3.5B | $40.5M | ||
| Q4 24 | $3.4B | $45.9M | ||
| Q3 24 | $3.4B | $51.4M | ||
| Q2 24 | $3.4B | $68.1M | ||
| Q1 24 | $3.4B | $68.3M |
| Q4 25 | $6.0B | $884.2M | ||
| Q3 25 | $6.1B | $879.5M | ||
| Q2 25 | $6.0B | $935.7M | ||
| Q1 25 | $6.0B | $956.0M | ||
| Q4 24 | $6.1B | $960.1M | ||
| Q3 24 | $5.9B | $953.5M | ||
| Q2 24 | $5.9B | $945.9M | ||
| Q1 24 | $6.0B | $309.3M |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | 15.07× | ||
| Q1 25 | 0.65× | 8.61× | ||
| Q4 24 | 0.68× | 7.59× | ||
| Q3 24 | 0.68× | 6.79× | ||
| Q2 24 | 0.66× | 5.14× | ||
| Q1 24 | 0.67× | 1.08× |
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 | $282.1M | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 8.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $282.1M | $13.1M | ||
| Q3 25 | $79.3M | $5.9M | ||
| Q2 25 | $82.2M | $2.8M | ||
| Q1 25 | $60.4M | $8.5M | ||
| Q4 24 | $259.8M | $18.5M | ||
| Q3 24 | $69.2M | $19.1M | ||
| Q2 24 | $83.0M | $-3.8M | ||
| Q1 24 | $44.1M | $10.4M |
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M | ||
| Q1 24 | — | $-5.4M |
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% | ||
| Q1 24 | — | -6.4% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| Q3 24 | 5.60× | — | ||
| Q2 24 | 8.02× | — | ||
| Q1 24 | 2.51× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRT
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
