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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and SMITH & WESSON BRANDS, INC. (SWBI). 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 $124.7M, roughly 1.3× SMITH & WESSON BRANDS, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -3.9%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -4.8%).
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 SWBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $124.7M |
| Net Profit | — | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | 3.3% |
| Net Margin | — | 1.5% |
| Revenue YoY | 2.5% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $0.00 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $167.1M | $85.1M | ||
| Q2 25 | $162.2M | $140.8M | ||
| Q1 25 | $161.2M | $115.9M | ||
| Q4 24 | $161.0M | $129.7M | ||
| Q3 24 | $160.1M | $88.3M | ||
| Q2 24 | $158.4M | $159.1M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $1.9M | ||
| Q3 25 | $6.9M | $-3.4M | ||
| Q2 25 | $8.0M | $8.6M | ||
| Q1 25 | $8.4M | $2.1M | ||
| Q4 24 | $-1.0M | $4.5M | ||
| Q3 24 | $12.4M | $-1.9M | ||
| Q2 24 | $10.4M | $27.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 1.5% | ||
| Q3 25 | 4.1% | -4.0% | ||
| Q2 25 | 5.0% | 6.1% | ||
| Q1 25 | 5.2% | 1.8% | ||
| Q4 24 | -0.6% | 3.5% | ||
| Q3 24 | 7.7% | -2.1% | ||
| Q2 24 | 6.5% | 17.5% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.04 | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | $0.03 | $0.19 | ||
| Q1 25 | $0.04 | $0.05 | ||
| Q4 24 | $-0.01 | $0.10 | ||
| Q3 24 | $0.05 | $-0.04 | ||
| Q2 24 | $0.05 | $0.60 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $363.2M |
| Total Assets | $6.1B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $22.4M | ||
| Q3 25 | $23.3M | $18.0M | ||
| Q2 25 | $19.5M | $25.2M | ||
| Q1 25 | $29.1M | $26.7M | ||
| Q4 24 | $21.2M | $39.1M | ||
| Q3 24 | $17.6M | $35.5M | ||
| Q2 24 | $21.0M | $60.8M |
| 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 | $363.2M | ||
| Q3 25 | $3.5B | $364.4M | ||
| Q2 25 | $3.4B | $372.5M | ||
| Q1 25 | $3.5B | $366.9M | ||
| Q4 24 | $3.4B | $371.5M | ||
| Q3 24 | $3.4B | $380.0M | ||
| Q2 24 | $3.4B | $399.9M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $548.6M | ||
| Q3 25 | $6.1B | $554.6M | ||
| Q2 25 | $6.0B | $559.6M | ||
| Q1 25 | $6.0B | $578.9M | ||
| Q4 24 | $6.1B | $587.4M | ||
| Q3 24 | $5.9B | $571.3M | ||
| Q2 24 | $5.9B | $577.4M |
| 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 | — | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $27.3M | ||
| Q3 25 | $79.3M | $-8.1M | ||
| Q2 25 | $82.2M | $40.8M | ||
| Q1 25 | $60.4M | $-9.8M | ||
| Q4 24 | $259.8M | $-7.4M | ||
| Q3 24 | $69.2M | $-30.8M | ||
| Q2 24 | $83.0M | $43.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 14.22× | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | 4.73× | ||
| Q1 25 | 7.23× | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | 5.60× | — | ||
| Q2 24 | 8.02× | 1.57× |
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% |
SWBI
Segment breakdown not available.
