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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $165.3M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
IRT vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $210.5M |
| Net Profit | — | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | — | -45.0% |
| Net Margin | — | -62.0% |
| Revenue YoY | 2.5% | — |
| Net Profit YoY | — | -375.2% |
| EPS (diluted) | $0.00 | $-0.87 |
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 | — | ||
| Q3 25 | $167.1M | $210.5M | ||
| Q2 25 | $162.2M | $132.8M | ||
| Q1 25 | $161.2M | $53.5M | ||
| Q4 24 | $161.0M | — | ||
| Q3 24 | $160.1M | $0 | ||
| Q2 24 | $158.4M | $0 |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | — | ||
| Q3 25 | $6.9M | $-130.6M | ||
| Q2 25 | $8.0M | $-31.9M | ||
| Q1 25 | $8.4M | $-16.2M | ||
| Q4 24 | $-1.0M | — | ||
| Q3 24 | $12.4M | $-27.5M | ||
| Q2 24 | $10.4M | $-27.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -45.0% | ||
| Q2 25 | — | -22.0% | ||
| Q1 25 | — | -44.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 4.1% | -62.0% | ||
| Q2 25 | 5.0% | -24.0% | ||
| Q1 25 | 5.2% | -30.4% | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 6.5% | — |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.03 | $-0.87 | ||
| Q2 25 | $0.03 | $-0.21 | ||
| Q1 25 | $0.04 | $-0.11 | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $0.05 | $-0.20 | ||
| Q2 24 | $0.05 | $-0.19 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $3.4B | $96.9M |
| Total Assets | $6.1B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | — | ||
| Q3 25 | $23.3M | $34.1M | ||
| Q2 25 | $19.5M | $8.5M | ||
| Q1 25 | $29.1M | $48.9M | ||
| Q4 24 | $21.2M | — | ||
| Q3 24 | $17.6M | $181.9M | ||
| Q2 24 | $21.0M | $219.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $547.3M | ||
| Q2 25 | $2.2B | $591.2M | ||
| Q1 25 | $2.3B | $603.2M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | $96.9M | ||
| Q2 25 | $3.4B | $183.9M | ||
| Q1 25 | $3.5B | $201.9M | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | $538.7M | ||
| Q2 24 | $3.4B | $561.6M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | — | ||
| Q3 25 | $6.1B | $1.4B | ||
| Q2 25 | $6.0B | $1.4B | ||
| Q1 25 | $6.0B | $1.4B | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $5.9B | $615.0M | ||
| Q2 24 | $5.9B | $644.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | 5.65× | ||
| Q2 25 | 0.66× | 3.21× | ||
| Q1 25 | 0.65× | 2.99× | ||
| 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 | — | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | — | ||
| Q3 25 | $79.3M | $63.9M | ||
| Q2 25 | $82.2M | $33.4M | ||
| Q1 25 | $60.4M | $-44.8M | ||
| Q4 24 | $259.8M | — | ||
| Q3 24 | $69.2M | $-28.4M | ||
| Q2 24 | $83.0M | $-28.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $10.6M | ||
| Q1 25 | — | $-74.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-34.0M | ||
| Q2 24 | — | $-35.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 26.1% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -138.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 54.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| 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
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
