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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and TETRA TECHNOLOGIES INC (TTI). 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 $156.3M, roughly 1.1× TETRA TECHNOLOGIES INC). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -0.6%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -4.7%).

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.

Tetra Tech, Inc. is an American consulting and engineering services firm based in Pasadena, California. The company provides consulting, engineering, program management, and construction management services in the areas of water, environment, infrastructure, resource management, energy, and international development.

IRT vs TTI — Head-to-Head

Bigger by revenue
IRT
IRT
1.1× larger
IRT
$165.3M
$156.3M
TTI
Growing faster (revenue YoY)
IRT
IRT
+3.1% gap
IRT
2.5%
-0.6%
TTI
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-4.7%
TTI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
TTI
TTI
Revenue
$165.3M
$156.3M
Net Profit
$8.3M
Gross Margin
24.5%
Operating Margin
8.2%
Net Margin
5.3%
Revenue YoY
2.5%
-0.6%
Net Profit YoY
105.5%
EPS (diluted)
$0.00

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.

Revenue
IRT
IRT
TTI
TTI
Q1 26
$165.3M
$156.3M
Q4 25
$167.1M
$146.7M
Q3 25
$167.1M
$153.2M
Q2 25
$162.2M
$173.9M
Q1 25
$161.2M
$157.1M
Q4 24
$161.0M
$134.5M
Q3 24
$160.1M
$141.7M
Q2 24
$158.4M
$171.9M
Net Profit
IRT
IRT
TTI
TTI
Q1 26
$8.3M
Q4 25
$33.3M
$-16.5M
Q3 25
$6.9M
$4.2M
Q2 25
$8.0M
$11.3M
Q1 25
$8.4M
$4.0M
Q4 24
$-1.0M
$102.7M
Q3 24
$12.4M
$-3.0M
Q2 24
$10.4M
$7.6M
Gross Margin
IRT
IRT
TTI
TTI
Q1 26
24.5%
Q4 25
19.4%
Q3 25
23.7%
Q2 25
27.7%
Q1 25
27.3%
Q4 24
23.1%
Q3 24
24.3%
Q2 24
25.2%
Operating Margin
IRT
IRT
TTI
TTI
Q1 26
8.2%
Q4 25
-4.2%
Q3 25
7.3%
Q2 25
11.2%
Q1 25
3.2%
Q4 24
5.5%
Q3 24
8.4%
Q2 24
7.3%
Net Margin
IRT
IRT
TTI
TTI
Q1 26
5.3%
Q4 25
19.9%
-11.3%
Q3 25
4.1%
2.7%
Q2 25
5.0%
6.5%
Q1 25
5.2%
2.6%
Q4 24
-0.6%
76.4%
Q3 24
7.7%
-2.1%
Q2 24
6.5%
4.4%
EPS (diluted)
IRT
IRT
TTI
TTI
Q1 26
$0.00
Q4 25
$0.14
$-0.12
Q3 25
$0.03
$0.03
Q2 25
$0.03
$0.08
Q1 25
$0.04
$0.03
Q4 24
$-0.01
$0.77
Q3 24
$0.05
$-0.02
Q2 24
$0.05
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRT
IRT
TTI
TTI
Cash + ST InvestmentsLiquidity on hand
$23.3M
$35.5M
Total DebtLower is stronger
$5.9M
Stockholders' EquityBook value
$3.4B
$285.6M
Total Assets
$6.1B
$662.3M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
TTI
TTI
Q1 26
$23.3M
$35.5M
Q4 25
$23.6M
$72.6M
Q3 25
$23.3M
$67.1M
Q2 25
$19.5M
$68.7M
Q1 25
$29.1M
$41.0M
Q4 24
$21.2M
$37.0M
Q3 24
$17.6M
$48.4M
Q2 24
$21.0M
$37.7M
Total Debt
IRT
IRT
TTI
TTI
Q1 26
$5.9M
Q4 25
$2.3B
$190.0M
Q3 25
$2.3B
$180.9M
Q2 25
$2.2B
$180.5M
Q1 25
$2.3B
Q4 24
$2.3B
$179.7M
Q3 24
$2.3B
Q2 24
$2.3B
$179.7M
Stockholders' Equity
IRT
IRT
TTI
TTI
Q1 26
$3.4B
$285.6M
Q4 25
$3.5B
$283.8M
Q3 25
$3.5B
$296.7M
Q2 25
$3.4B
$290.9M
Q1 25
$3.5B
$273.0M
Q4 24
$3.4B
$254.6M
Q3 24
$3.4B
$156.7M
Q2 24
$3.4B
$154.8M
Total Assets
IRT
IRT
TTI
TTI
Q1 26
$6.1B
$662.3M
Q4 25
$6.0B
$675.8M
Q3 25
$6.1B
$655.2M
Q2 25
$6.0B
$645.6M
Q1 25
$6.0B
$614.1M
Q4 24
$6.1B
$605.2M
Q3 24
$5.9B
$501.2M
Q2 24
$5.9B
$605.2M
Debt / Equity
IRT
IRT
TTI
TTI
Q1 26
0.02×
Q4 25
0.66×
0.67×
Q3 25
0.66×
0.61×
Q2 25
0.66×
0.62×
Q1 25
0.65×
Q4 24
0.68×
0.71×
Q3 24
0.68×
Q2 24
0.66×
1.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IRT
IRT
TTI
TTI
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-31.9M
FCF MarginFCF / Revenue
-20.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
TTI
TTI
Q1 26
Q4 25
$282.1M
$31.7M
Q3 25
$79.3M
$16.4M
Q2 25
$82.2M
$48.3M
Q1 25
$60.4M
$3.9M
Q4 24
$259.8M
$5.6M
Q3 24
$69.2M
$19.9M
Q2 24
$83.0M
$24.8M
Free Cash Flow
IRT
IRT
TTI
TTI
Q1 26
$-31.9M
Q4 25
$4.1M
Q3 25
$627.0K
Q2 25
$28.8M
Q1 25
$-14.0M
Q4 24
$-9.3M
Q3 24
$5.3M
Q2 24
$9.4M
FCF Margin
IRT
IRT
TTI
TTI
Q1 26
-20.4%
Q4 25
2.8%
Q3 25
0.4%
Q2 25
16.6%
Q1 25
-8.9%
Q4 24
-6.9%
Q3 24
3.7%
Q2 24
5.5%
Capex Intensity
IRT
IRT
TTI
TTI
Q1 26
4.5%
Q4 25
18.8%
Q3 25
10.3%
Q2 25
11.2%
Q1 25
11.4%
Q4 24
11.1%
Q3 24
10.3%
Q2 24
9.0%
Cash Conversion
IRT
IRT
TTI
TTI
Q1 26
Q4 25
8.48×
Q3 25
11.51×
3.94×
Q2 25
10.22×
4.28×
Q1 25
7.23×
0.97×
Q4 24
0.05×
Q3 24
5.60×
Q2 24
8.02×
3.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

TTI
TTI

Segment breakdown not available.

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