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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Wingstop Inc. (WING). Click either name above to swap in a different company.

Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $165.3M, roughly 1.1× INDEPENDENCE REALTY TRUST, INC.). On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 2.5%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

IRT vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.1× larger
WING
$183.7M
$165.3M
IRT
Growing faster (revenue YoY)
WING
WING
+4.9% gap
WING
7.4%
2.5%
IRT
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IRT
IRT
WING
WING
Revenue
$165.3M
$183.7M
Net Profit
$29.9M
Gross Margin
86.5%
Operating Margin
27.4%
Net Margin
16.3%
Revenue YoY
2.5%
7.4%
Net Profit YoY
EPS (diluted)
$0.00
$1.08

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
WING
WING
Q1 26
$165.3M
$183.7M
Q4 25
$167.1M
$175.7M
Q3 25
$167.1M
$175.7M
Q2 25
$162.2M
$174.3M
Q1 25
$161.2M
$171.1M
Q4 24
$161.0M
$161.8M
Q3 24
$160.1M
$162.5M
Q2 24
$158.4M
$155.7M
Net Profit
IRT
IRT
WING
WING
Q1 26
$29.9M
Q4 25
$33.3M
$26.8M
Q3 25
$6.9M
$28.5M
Q2 25
$8.0M
$26.8M
Q1 25
$8.4M
$92.3M
Q4 24
$-1.0M
$26.8M
Q3 24
$12.4M
$25.7M
Q2 24
$10.4M
$27.5M
Gross Margin
IRT
IRT
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
IRT
IRT
WING
WING
Q1 26
27.4%
Q4 25
26.7%
Q3 25
27.9%
Q2 25
25.9%
Q1 25
22.4%
Q4 24
25.9%
Q3 24
24.5%
Q2 24
26.5%
Net Margin
IRT
IRT
WING
WING
Q1 26
16.3%
Q4 25
19.9%
15.2%
Q3 25
4.1%
16.2%
Q2 25
5.0%
15.4%
Q1 25
5.2%
53.9%
Q4 24
-0.6%
16.5%
Q3 24
7.7%
15.8%
Q2 24
6.5%
17.7%
EPS (diluted)
IRT
IRT
WING
WING
Q1 26
$0.00
$1.08
Q4 25
$0.14
$0.99
Q3 25
$0.03
$1.02
Q2 25
$0.03
$0.96
Q1 25
$0.04
$3.24
Q4 24
$-0.01
$0.91
Q3 24
$0.05
$0.88
Q2 24
$0.05
$0.93

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
WING
WING
Cash + ST InvestmentsLiquidity on hand
$23.3M
$128.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
Total Assets
$6.1B
$648.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
WING
WING
Q1 26
$23.3M
$128.8M
Q4 25
$23.6M
$196.6M
Q3 25
$23.3M
$237.6M
Q2 25
$19.5M
$227.9M
Q1 25
$29.1M
$251.4M
Q4 24
$21.2M
$315.9M
Q3 24
$17.6M
$84.0M
Q2 24
$21.0M
$96.7M
Total Debt
IRT
IRT
WING
WING
Q1 26
Q4 25
$2.3B
$1.2B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$2.3B
$1.2B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
IRT
IRT
WING
WING
Q1 26
$3.4B
Q4 25
$3.5B
$-736.8M
Q3 25
$3.5B
$-702.6M
Q2 25
$3.4B
$-686.0M
Q1 25
$3.5B
$-715.0M
Q4 24
$3.4B
$-675.6M
Q3 24
$3.4B
$-447.5M
Q2 24
$3.4B
$-437.5M
Total Assets
IRT
IRT
WING
WING
Q1 26
$6.1B
$648.9M
Q4 25
$6.0B
$693.4M
Q3 25
$6.1B
$721.0M
Q2 25
$6.0B
$708.3M
Q1 25
$6.0B
$696.8M
Q4 24
$6.1B
$716.2M
Q3 24
$5.9B
$484.8M
Q2 24
$5.9B
$451.8M
Debt / Equity
IRT
IRT
WING
WING
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%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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