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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and UFP TECHNOLOGIES INC (UFPT). 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 $148.9M, roughly 1.1× UFP TECHNOLOGIES INC). On growth, UFP TECHNOLOGIES INC posted the faster year-over-year revenue change (3.4% vs 2.5%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% 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.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

IRT vs UFPT — Head-to-Head

Bigger by revenue
IRT
IRT
1.1× larger
IRT
$165.3M
$148.9M
UFPT
Growing faster (revenue YoY)
UFPT
UFPT
+0.8% gap
UFPT
3.4%
2.5%
IRT
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
UFPT
UFPT
Revenue
$165.3M
$148.9M
Net Profit
$17.6M
Gross Margin
28.2%
Operating Margin
14.4%
Net Margin
11.8%
Revenue YoY
2.5%
3.4%
Net Profit YoY
7.3%
EPS (diluted)
$0.00
$2.22

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
UFPT
UFPT
Q1 26
$165.3M
Q4 25
$167.1M
$148.9M
Q3 25
$167.1M
$154.6M
Q2 25
$162.2M
$151.2M
Q1 25
$161.2M
$148.1M
Q4 24
$161.0M
$144.1M
Q3 24
$160.1M
$145.2M
Q2 24
$158.4M
$110.2M
Net Profit
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
$33.3M
$17.6M
Q3 25
$6.9M
$16.4M
Q2 25
$8.0M
$17.2M
Q1 25
$8.4M
$17.2M
Q4 24
$-1.0M
$16.4M
Q3 24
$12.4M
$16.4M
Q2 24
$10.4M
$13.6M
Gross Margin
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
28.2%
Q3 25
27.7%
Q2 25
28.8%
Q1 25
28.5%
Q4 24
29.2%
Q3 24
28.6%
Q2 24
30.0%
Operating Margin
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
14.4%
Q3 25
15.1%
Q2 25
16.1%
Q1 25
15.6%
Q4 24
15.4%
Q3 24
17.1%
Q2 24
16.3%
Net Margin
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
19.9%
11.8%
Q3 25
4.1%
10.6%
Q2 25
5.0%
11.4%
Q1 25
5.2%
11.6%
Q4 24
-0.6%
11.4%
Q3 24
7.7%
11.3%
Q2 24
6.5%
12.3%
EPS (diluted)
IRT
IRT
UFPT
UFPT
Q1 26
$0.00
Q4 25
$0.14
$2.22
Q3 25
$0.03
$2.11
Q2 25
$0.03
$2.21
Q1 25
$0.04
$2.21
Q4 24
$-0.01
$2.08
Q3 24
$0.05
$2.11
Q2 24
$0.05
$1.75

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$23.3M
$20.3M
Total DebtLower is stronger
$135.5M
Stockholders' EquityBook value
$3.4B
$423.9M
Total Assets
$6.1B
$655.1M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
UFPT
UFPT
Q1 26
$23.3M
Q4 25
$23.6M
$20.3M
Q3 25
$23.3M
$18.2M
Q2 25
$19.5M
$14.9M
Q1 25
$29.1M
$14.0M
Q4 24
$21.2M
$13.4M
Q3 24
$17.6M
$16.4M
Q2 24
$21.0M
$16.7M
Total Debt
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
$2.3B
$135.5M
Q3 25
$2.3B
$146.1M
Q2 25
$2.2B
$163.6M
Q1 25
$2.3B
$163.6M
Q4 24
$2.3B
$189.4M
Q3 24
$2.3B
$212.0M
Q2 24
$2.3B
$35.2M
Stockholders' Equity
IRT
IRT
UFPT
UFPT
Q1 26
$3.4B
Q4 25
$3.5B
$423.9M
Q3 25
$3.5B
$403.9M
Q2 25
$3.4B
$385.5M
Q1 25
$3.5B
$360.7M
Q4 24
$3.4B
$342.8M
Q3 24
$3.4B
$329.1M
Q2 24
$3.4B
$310.2M
Total Assets
IRT
IRT
UFPT
UFPT
Q1 26
$6.1B
Q4 25
$6.0B
$655.1M
Q3 25
$6.1B
$652.8M
Q2 25
$6.0B
$634.7M
Q1 25
$6.0B
$642.6M
Q4 24
$6.1B
$629.0M
Q3 24
$5.9B
$638.5M
Q2 24
$5.9B
$422.4M
Debt / Equity
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
0.66×
0.32×
Q3 25
0.66×
0.36×
Q2 25
0.66×
0.42×
Q1 25
0.65×
0.45×
Q4 24
0.68×
0.55×
Q3 24
0.68×
0.64×
Q2 24
0.66×
0.11×

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
UFPT
UFPT
Operating Cash FlowLast quarter
$16.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
$282.1M
$16.8M
Q3 25
$79.3M
$35.9M
Q2 25
$82.2M
$25.3M
Q1 25
$60.4M
$13.8M
Q4 24
$259.8M
$24.4M
Q3 24
$69.2M
$19.8M
Q2 24
$83.0M
$11.7M
Free Cash Flow
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
Q3 25
Q2 25
$22.5M
Q1 25
$11.0M
Q4 24
$21.4M
Q3 24
$17.7M
Q2 24
$8.9M
FCF Margin
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
Q3 25
Q2 25
14.9%
Q1 25
7.4%
Q4 24
14.9%
Q3 24
12.2%
Q2 24
8.1%
Capex Intensity
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
Q3 25
Q2 25
1.9%
Q1 25
1.9%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.5%
Cash Conversion
IRT
IRT
UFPT
UFPT
Q1 26
Q4 25
8.48×
0.96×
Q3 25
11.51×
2.19×
Q2 25
10.22×
1.47×
Q1 25
7.23×
0.80×
Q4 24
1.49×
Q3 24
5.60×
1.21×
Q2 24
8.02×
0.86×

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%

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

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