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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $165.3M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 2.5%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
IRT vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $213.6M |
| Net Profit | — | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | — | 10.0% |
| Net Margin | — | 7.6% |
| Revenue YoY | 2.5% | 28.7% |
| Net Profit YoY | — | 54.3% |
| EPS (diluted) | $0.00 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $167.1M | $198.9M | ||
| Q2 25 | $162.2M | $184.8M | ||
| Q1 25 | $161.2M | $162.2M | ||
| Q4 24 | $161.0M | $166.0M | ||
| Q3 24 | $160.1M | $145.0M | ||
| Q2 24 | $158.4M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $16.3M | ||
| Q3 25 | $6.9M | $16.4M | ||
| Q2 25 | $8.0M | $16.6M | ||
| Q1 25 | $8.4M | $16.9M | ||
| Q4 24 | $-1.0M | $10.6M | ||
| Q3 24 | $12.4M | $7.4M | ||
| Q2 24 | $10.4M | $16.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 11.6% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 7.6% | ||
| Q3 25 | 4.1% | 8.3% | ||
| Q2 25 | 5.0% | 9.0% | ||
| Q1 25 | 5.2% | 10.4% | ||
| Q4 24 | -0.6% | 6.4% | ||
| Q3 24 | 7.7% | 5.1% | ||
| Q2 24 | 6.5% | 11.1% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.35 | ||
| Q3 25 | $0.03 | $0.36 | ||
| Q2 25 | $0.03 | $0.36 | ||
| Q1 25 | $0.04 | $0.37 | ||
| Q4 24 | $-0.01 | $0.23 | ||
| Q3 24 | $0.05 | $0.16 | ||
| Q2 24 | $0.05 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $351.3M |
| Total Assets | $6.1B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $48.8M | ||
| Q3 25 | $23.3M | $93.8M | ||
| Q2 25 | $19.5M | $108.2M | ||
| Q1 25 | $29.1M | $156.3M | ||
| Q4 24 | $21.2M | $150.6M | ||
| Q3 24 | $17.6M | $149.5M | ||
| Q2 24 | $21.0M | $133.2M |
| 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 | — | ||
| Q4 25 | $3.5B | $351.3M | ||
| Q3 25 | $3.5B | $331.2M | ||
| Q2 25 | $3.4B | $309.8M | ||
| Q1 25 | $3.5B | $288.9M | ||
| Q4 24 | $3.4B | $269.3M | ||
| Q3 24 | $3.4B | $253.4M | ||
| Q2 24 | $3.4B | $238.4M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $518.7M | ||
| Q3 25 | $6.1B | $481.5M | ||
| Q2 25 | $6.0B | $430.8M | ||
| Q1 25 | $6.0B | $376.9M | ||
| Q4 24 | $6.1B | $359.3M | ||
| Q3 24 | $5.9B | $344.7M | ||
| Q2 24 | $5.9B | $320.5M |
| 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 | — | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $5.8M | ||
| Q3 25 | $79.3M | $23.4M | ||
| Q2 25 | $82.2M | $-761.0K | ||
| Q1 25 | $60.4M | $5.3M | ||
| Q4 24 | $259.8M | $14.8M | ||
| Q3 24 | $69.2M | $10.0M | ||
| Q2 24 | $83.0M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-32.1M | ||
| Q3 25 | — | $-10.6M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $6.4M | ||
| Q2 24 | — | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 0.35× | ||
| Q3 25 | 11.51× | 1.43× | ||
| Q2 25 | 10.22× | -0.05× | ||
| Q1 25 | 7.23× | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 5.60× | 1.34× | ||
| Q2 24 | 8.02× | 0.99× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
