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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and VICOR CORP (VICR). 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 $113.0M, roughly 1.5× VICOR CORP). On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 2.5%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.

Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.

IRT vs VICR — Head-to-Head

Bigger by revenue
IRT
IRT
1.5× larger
IRT
$165.3M
$113.0M
VICR
Growing faster (revenue YoY)
VICR
VICR
+17.7% gap
VICR
20.2%
2.5%
IRT
Faster 2-yr revenue CAGR
VICR
VICR
Annualised
VICR
14.7%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
VICR
VICR
Revenue
$165.3M
$113.0M
Net Profit
$20.7M
Gross Margin
Operating Margin
59.7%
Net Margin
18.3%
Revenue YoY
2.5%
20.2%
Net Profit YoY
713.9%
EPS (diluted)
$0.00
$0.44

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
VICR
VICR
Q1 26
$165.3M
$113.0M
Q4 25
$167.1M
$107.3M
Q3 25
$167.1M
$110.4M
Q2 25
$162.2M
$96.0M
Q1 25
$161.2M
$94.0M
Q4 24
$161.0M
$96.2M
Q3 24
$160.1M
$93.2M
Q2 24
$158.4M
$85.9M
Net Profit
IRT
IRT
VICR
VICR
Q1 26
$20.7M
Q4 25
$33.3M
$46.5M
Q3 25
$6.9M
$28.3M
Q2 25
$8.0M
$41.2M
Q1 25
$8.4M
$2.5M
Q4 24
$-1.0M
$10.2M
Q3 24
$12.4M
$11.6M
Q2 24
$10.4M
$-1.2M
Gross Margin
IRT
IRT
VICR
VICR
Q1 26
Q4 25
55.4%
Q3 25
57.5%
Q2 25
95.9%
Q1 25
47.2%
Q4 24
52.4%
Q3 24
49.1%
Q2 24
49.8%
Operating Margin
IRT
IRT
VICR
VICR
Q1 26
59.7%
Q4 25
14.6%
Q3 25
18.9%
Q2 25
47.3%
Q1 25
-0.2%
Q4 24
9.6%
Q3 24
5.8%
Q2 24
0.2%
Net Margin
IRT
IRT
VICR
VICR
Q1 26
18.3%
Q4 25
19.9%
43.4%
Q3 25
4.1%
25.6%
Q2 25
5.0%
42.9%
Q1 25
5.2%
2.7%
Q4 24
-0.6%
10.7%
Q3 24
7.7%
12.4%
Q2 24
6.5%
-1.4%
EPS (diluted)
IRT
IRT
VICR
VICR
Q1 26
$0.00
$0.44
Q4 25
$0.14
$1.01
Q3 25
$0.03
$0.63
Q2 25
$0.03
$0.91
Q1 25
$0.04
$0.06
Q4 24
$-0.01
$0.24
Q3 24
$0.05
$0.26
Q2 24
$0.05
$-0.03

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$23.3M
$404.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$754.1M
Total Assets
$6.1B
$804.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
VICR
VICR
Q1 26
$23.3M
$404.2M
Q4 25
$23.6M
$402.8M
Q3 25
$23.3M
$362.4M
Q2 25
$19.5M
$338.5M
Q1 25
$29.1M
$296.1M
Q4 24
$21.2M
$277.3M
Q3 24
$17.6M
$267.6M
Q2 24
$21.0M
$251.9M
Total Debt
IRT
IRT
VICR
VICR
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
Stockholders' Equity
IRT
IRT
VICR
VICR
Q1 26
$3.4B
$754.1M
Q4 25
$3.5B
$711.6M
Q3 25
$3.5B
$630.1M
Q2 25
$3.4B
$608.6M
Q1 25
$3.5B
$580.3M
Q4 24
$3.4B
$570.1M
Q3 24
$3.4B
$554.6M
Q2 24
$3.4B
$537.2M
Total Assets
IRT
IRT
VICR
VICR
Q1 26
$6.1B
$804.9M
Q4 25
$6.0B
$785.8M
Q3 25
$6.1B
$710.2M
Q2 25
$6.0B
$693.5M
Q1 25
$6.0B
$665.0M
Q4 24
$6.1B
$641.1M
Q3 24
$5.9B
$632.8M
Q2 24
$5.9B
$613.2M
Debt / Equity
IRT
IRT
VICR
VICR
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×

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%

VICR
VICR

Product revenue$98.0M87%
Royalty revenue$15.0M13%

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