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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $165.3M, roughly 2.1× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 1.0%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -4.5%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
IRT vs TREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $343.4M |
| Net Profit | — | $61.4M |
| Gross Margin | — | 40.5% |
| Operating Margin | — | 24.3% |
| Net Margin | — | 17.9% |
| Revenue YoY | 2.5% | 1.0% |
| Net Profit YoY | — | 1.6% |
| EPS (diluted) | $0.00 | $0.58 |
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 | $343.4M | ||
| Q4 25 | $167.1M | $161.1M | ||
| Q3 25 | $167.1M | $285.3M | ||
| Q2 25 | $162.2M | $387.8M | ||
| Q1 25 | $161.2M | $340.0M | ||
| Q4 24 | $161.0M | $167.6M | ||
| Q3 24 | $160.1M | $233.7M | ||
| Q2 24 | $158.4M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $33.3M | $2.3M | ||
| Q3 25 | $6.9M | $51.8M | ||
| Q2 25 | $8.0M | $75.9M | ||
| Q1 25 | $8.4M | $60.4M | ||
| Q4 24 | $-1.0M | $9.8M | ||
| Q3 24 | $12.4M | $40.6M | ||
| Q2 24 | $10.4M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 19.9% | 1.4% | ||
| Q3 25 | 4.1% | 18.1% | ||
| Q2 25 | 5.0% | 19.6% | ||
| Q1 25 | 5.2% | 17.8% | ||
| Q4 24 | -0.6% | 5.8% | ||
| Q3 24 | 7.7% | 17.4% | ||
| Q2 24 | 6.5% | 23.1% |
| Q1 26 | $0.00 | $0.58 | ||
| Q4 25 | $0.14 | $0.03 | ||
| Q3 25 | $0.03 | $0.48 | ||
| Q2 25 | $0.03 | $0.71 | ||
| Q1 25 | $0.04 | $0.56 | ||
| Q4 24 | $-0.01 | $0.10 | ||
| Q3 24 | $0.05 | $0.37 | ||
| Q2 24 | $0.05 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $995.8M |
| Total Assets | $6.1B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | $4.5M | ||
| Q4 25 | $23.6M | $3.8M | ||
| Q3 25 | $23.3M | $11.4M | ||
| Q2 25 | $19.5M | $5.5M | ||
| Q1 25 | $29.1M | $5.0M | ||
| Q4 24 | $21.2M | $1.3M | ||
| Q3 24 | $17.6M | $12.8M | ||
| Q2 24 | $21.0M | $1.2M |
| 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 | $995.8M | ||
| Q4 25 | $3.5B | $1.0B | ||
| Q3 25 | $3.5B | $1.0B | ||
| Q2 25 | $3.4B | $989.3M | ||
| Q1 25 | $3.5B | $910.1M | ||
| Q4 24 | $3.4B | $850.1M | ||
| Q3 24 | $3.4B | $887.9M | ||
| Q2 24 | $3.4B | $894.9M |
| Q1 26 | $6.1B | $1.7B | ||
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $6.1B | $1.5B | ||
| Q2 25 | $6.0B | $1.5B | ||
| Q1 25 | $6.0B | $1.6B | ||
| Q4 24 | $6.1B | $1.3B | ||
| Q3 24 | $5.9B | $1.3B | ||
| Q2 24 | $5.9B | $1.3B |
| 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 | — | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $282.1M | $65.5M | ||
| Q3 25 | $79.3M | $196.9M | ||
| Q2 25 | $82.2M | $249.8M | ||
| Q1 25 | $60.4M | $-154.0M | ||
| Q4 24 | $259.8M | $-8.5M | ||
| Q3 24 | $69.2M | $132.8M | ||
| Q2 24 | $83.0M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 8.48× | 28.45× | ||
| Q3 25 | 11.51× | 3.80× | ||
| Q2 25 | 10.22× | 3.29× | ||
| Q1 25 | 7.23× | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | 5.60× | 3.27× | ||
| Q2 24 | 8.02× | 2.23× |
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% |
TREX
Segment breakdown not available.
