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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and VINCE HOLDING CORP. (VNCE). 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 $85.1M, roughly 1.9× VINCE HOLDING CORP.). On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs 2.5%). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% 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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
IRT vs VNCE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $85.1M |
| Net Profit | — | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | — | 6.4% |
| Net Margin | — | 3.2% |
| Revenue YoY | 2.5% | 6.2% |
| Net Profit YoY | — | -37.3% |
| EPS (diluted) | $0.00 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $167.1M | $73.2M | ||
| Q2 25 | $162.2M | $57.9M | ||
| Q1 25 | $161.2M | $80.0M | ||
| Q4 24 | $161.0M | $80.2M | ||
| Q3 24 | $160.1M | $74.2M | ||
| Q2 24 | $158.4M | $59.2M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $2.7M | ||
| Q3 25 | $6.9M | $12.1M | ||
| Q2 25 | $8.0M | $-4.8M | ||
| Q1 25 | $8.4M | $-28.3M | ||
| Q4 24 | $-1.0M | $4.3M | ||
| Q3 24 | $12.4M | $569.0K | ||
| Q2 24 | $10.4M | $4.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -37.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 9.5% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 3.2% | ||
| Q3 25 | 4.1% | 16.5% | ||
| Q2 25 | 5.0% | -8.3% | ||
| Q1 25 | 5.2% | -35.5% | ||
| Q4 24 | -0.6% | 5.4% | ||
| Q3 24 | 7.7% | 0.8% | ||
| Q2 24 | 6.5% | 7.4% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.21 | ||
| Q3 25 | $0.03 | $0.93 | ||
| Q2 25 | $0.03 | $-0.37 | ||
| Q1 25 | $0.04 | $-2.25 | ||
| Q4 24 | $-0.01 | $0.34 | ||
| Q3 24 | $0.05 | $0.05 | ||
| Q2 24 | $0.05 | $0.35 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $53.4M |
| Total Assets | $6.1B | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $1.1M | ||
| Q3 25 | $23.3M | $777.0K | ||
| Q2 25 | $19.5M | $2.6M | ||
| Q1 25 | $29.1M | $607.0K | ||
| Q4 24 | $21.2M | $892.0K | ||
| Q3 24 | $17.6M | $711.0K | ||
| Q2 24 | $21.0M | $739.0K |
| 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 | $53.4M | ||
| Q3 25 | $3.5B | $49.3M | ||
| Q2 25 | $3.4B | $37.2M | ||
| Q1 25 | $3.5B | $41.8M | ||
| Q4 24 | $3.4B | $57.1M | ||
| Q3 24 | $3.4B | $52.4M | ||
| Q2 24 | $3.4B | $51.7M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $246.0M | ||
| Q3 25 | $6.1B | $239.0M | ||
| Q2 25 | $6.0B | $218.0M | ||
| Q1 25 | $6.0B | $222.7M | ||
| Q4 24 | $6.1B | $254.7M | ||
| Q3 24 | $5.9B | $253.6M | ||
| Q2 24 | $5.9B | $223.1M |
| 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 | — | $-5.1M |
| Free Cash FlowOCF − Capex | — | $-5.7M |
| FCF MarginFCF / Revenue | — | -6.7% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $-5.1M | ||
| Q3 25 | $79.3M | $4.2M | ||
| Q2 25 | $82.2M | $-11.8M | ||
| Q1 25 | $60.4M | $22.7M | ||
| Q4 24 | $259.8M | $6.4M | ||
| Q3 24 | $69.2M | $-3.2M | ||
| Q2 24 | $83.0M | $-3.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-4.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | -7.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | -1.86× | ||
| Q3 25 | 11.51× | 0.35× | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 5.60× | -5.61× | ||
| Q2 24 | 8.02× | -0.89× |
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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
