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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). 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 $103.6M, roughly 1.6× TACTILE SYSTEMS TECHNOLOGY INC). On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 2.5%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
IRT vs TCMD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $103.6M |
| Net Profit | — | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | — | 18.1% |
| Net Margin | — | 10.3% |
| Revenue YoY | 2.5% | 21.0% |
| Net Profit YoY | — | 9.4% |
| EPS (diluted) | $0.00 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $167.1M | $85.8M | ||
| Q2 25 | $162.2M | $78.9M | ||
| Q1 25 | $161.2M | $61.3M | ||
| Q4 24 | $161.0M | $85.6M | ||
| Q3 24 | $160.1M | $73.1M | ||
| Q2 24 | $158.4M | $73.2M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $10.6M | ||
| Q3 25 | $6.9M | $8.2M | ||
| Q2 25 | $8.0M | $3.2M | ||
| Q1 25 | $8.4M | $-3.0M | ||
| Q4 24 | $-1.0M | $9.7M | ||
| Q3 24 | $12.4M | $5.2M | ||
| Q2 24 | $10.4M | $4.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.1% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 10.3% | ||
| Q3 25 | 4.1% | 9.6% | ||
| Q2 25 | 5.0% | 4.1% | ||
| Q1 25 | 5.2% | -4.9% | ||
| Q4 24 | -0.6% | 11.4% | ||
| Q3 24 | 7.7% | 7.1% | ||
| Q2 24 | 6.5% | 5.9% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.45 | ||
| Q3 25 | $0.03 | $0.36 | ||
| Q2 25 | $0.03 | $0.14 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $-0.01 | $0.40 | ||
| Q3 24 | $0.05 | $0.21 | ||
| Q2 24 | $0.05 | $0.18 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $3.4B | $218.9M |
| Total Assets | $6.1B | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $83.4M | ||
| Q3 25 | $23.3M | $66.0M | ||
| Q2 25 | $19.5M | $81.5M | ||
| Q1 25 | $29.1M | $83.6M | ||
| Q4 24 | $21.2M | $94.4M | ||
| Q3 24 | $17.6M | $82.1M | ||
| Q2 24 | $21.0M | $73.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $0 | ||
| Q3 25 | $2.3B | $0 | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $27.0M | ||
| Q2 24 | $2.3B | $27.8M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $218.9M | ||
| Q3 25 | $3.5B | $204.9M | ||
| Q2 25 | $3.4B | $194.9M | ||
| Q1 25 | $3.5B | $205.6M | ||
| Q4 24 | $3.4B | $216.6M | ||
| Q3 24 | $3.4B | $207.9M | ||
| Q2 24 | $3.4B | $200.7M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $273.9M | ||
| Q3 25 | $6.1B | $259.2M | ||
| Q2 25 | $6.0B | $273.0M | ||
| Q1 25 | $6.0B | $280.2M | ||
| Q4 24 | $6.1B | $297.9M | ||
| Q3 24 | $5.9B | $287.7M | ||
| Q2 24 | $5.9B | $278.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | 0.00× | ||
| Q3 25 | 0.66× | 0.00× | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.68× | 0.13× | ||
| Q2 24 | 0.66× | 0.14× |
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 | — | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $17.3M | ||
| Q3 25 | $79.3M | $10.3M | ||
| Q2 25 | $82.2M | $14.8M | ||
| Q1 25 | $60.4M | $417.0K | ||
| Q4 24 | $259.8M | $16.3M | ||
| Q3 24 | $69.2M | $10.3M | ||
| Q2 24 | $83.0M | $13.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $12.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 1.63× | ||
| Q3 25 | 11.51× | 1.26× | ||
| Q2 25 | 10.22× | 4.59× | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 5.60× | 1.99× | ||
| Q2 24 | 8.02× | 3.06× |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
