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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and W&T OFFSHORE INC (WTI). 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 $121.7M, roughly 1.4× W&T OFFSHORE INC). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 1.1%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -7.0%).

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.

Edison Chouest Offshore (ECO), which started as Edison Chouest Boat Rentals in 1960, is a family of companies in the marine transportation business based in Cut Off, Louisiana. ECO owns and operates a fleet of platform supply vessels, Subsea Construction / IMR vessels, a Riserless Light Well Intervention vessel, Anchor handling tug supply vessels, Oil Spill Response Vessels, and Well Stimulation Vessels, as well as an independently owned fleet of Research Vessels and Ice Breakers.

IRT vs WTI — Head-to-Head

Bigger by revenue
IRT
IRT
1.4× larger
IRT
$165.3M
$121.7M
WTI
Growing faster (revenue YoY)
IRT
IRT
+1.4% gap
IRT
2.5%
1.1%
WTI
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-7.0%
WTI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
WTI
WTI
Revenue
$165.3M
$121.7M
Net Profit
$-27.1M
Gross Margin
Operating Margin
-15.7%
Net Margin
-22.3%
Revenue YoY
2.5%
1.1%
Net Profit YoY
-16.1%
EPS (diluted)
$0.00
$-0.18

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
WTI
WTI
Q1 26
$165.3M
Q4 25
$167.1M
$121.7M
Q3 25
$167.1M
$127.5M
Q2 25
$162.2M
$122.4M
Q1 25
$161.2M
$129.9M
Q4 24
$161.0M
$120.3M
Q3 24
$160.1M
$121.4M
Q2 24
$158.4M
$142.8M
Net Profit
IRT
IRT
WTI
WTI
Q1 26
Q4 25
$33.3M
$-27.1M
Q3 25
$6.9M
$-71.5M
Q2 25
$8.0M
$-20.9M
Q1 25
$8.4M
$-30.6M
Q4 24
$-1.0M
$-23.4M
Q3 24
$12.4M
$-36.9M
Q2 24
$10.4M
$-15.4M
Operating Margin
IRT
IRT
WTI
WTI
Q1 26
Q4 25
-15.7%
Q3 25
-9.9%
Q2 25
-10.5%
Q1 25
-6.3%
Q4 24
-14.1%
Q3 24
-15.6%
Q2 24
-4.4%
Net Margin
IRT
IRT
WTI
WTI
Q1 26
Q4 25
19.9%
-22.3%
Q3 25
4.1%
-56.1%
Q2 25
5.0%
-17.1%
Q1 25
5.2%
-23.5%
Q4 24
-0.6%
-19.4%
Q3 24
7.7%
-30.4%
Q2 24
6.5%
-10.8%
EPS (diluted)
IRT
IRT
WTI
WTI
Q1 26
$0.00
Q4 25
$0.14
$-0.18
Q3 25
$0.03
$-0.48
Q2 25
$0.03
$-0.14
Q1 25
$0.04
$-0.21
Q4 24
$-0.01
$-0.16
Q3 24
$0.05
$-0.25
Q2 24
$0.05
$-0.10

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
WTI
WTI
Cash + ST InvestmentsLiquidity on hand
$23.3M
$140.6M
Total DebtLower is stronger
$350.8M
Stockholders' EquityBook value
$3.4B
$-199.8M
Total Assets
$6.1B
$955.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
WTI
WTI
Q1 26
$23.3M
Q4 25
$23.6M
$140.6M
Q3 25
$23.3M
$124.8M
Q2 25
$19.5M
$120.7M
Q1 25
$29.1M
$105.9M
Q4 24
$21.2M
$109.0M
Q3 24
$17.6M
$126.5M
Q2 24
$21.0M
$123.4M
Total Debt
IRT
IRT
WTI
WTI
Q1 26
Q4 25
$2.3B
$350.8M
Q3 25
$2.3B
$350.4M
Q2 25
$2.2B
$350.1M
Q1 25
$2.3B
$350.0M
Q4 24
$2.3B
$393.2M
Q3 24
$2.3B
$392.6M
Q2 24
$2.3B
$391.9M
Stockholders' Equity
IRT
IRT
WTI
WTI
Q1 26
$3.4B
Q4 25
$3.5B
$-199.8M
Q3 25
$3.5B
$-172.5M
Q2 25
$3.4B
$-102.7M
Q1 25
$3.5B
$-82.8M
Q4 24
$3.4B
$-52.6M
Q3 24
$3.4B
$-31.5M
Q2 24
$3.4B
$5.0M
Total Assets
IRT
IRT
WTI
WTI
Q1 26
$6.1B
Q4 25
$6.0B
$955.8M
Q3 25
$6.1B
$960.6M
Q2 25
$6.0B
$1.0B
Q1 25
$6.0B
$1.0B
Q4 24
$6.1B
$1.1B
Q3 24
$5.9B
$1.1B
Q2 24
$5.9B
$1.1B
Debt / Equity
IRT
IRT
WTI
WTI
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×
78.30×

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
WTI
WTI
Operating Cash FlowLast quarter
$25.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
WTI
WTI
Q1 26
Q4 25
$282.1M
$25.9M
Q3 25
$79.3M
$26.5M
Q2 25
$82.2M
$28.0M
Q1 25
$60.4M
$-3.2M
Q4 24
$259.8M
$-4.3M
Q3 24
$69.2M
$14.8M
Q2 24
$83.0M
$37.4M
Cash Conversion
IRT
IRT
WTI
WTI
Q1 26
Q4 25
8.48×
Q3 25
11.51×
Q2 25
10.22×
Q1 25
7.23×
Q4 24
Q3 24
5.60×
Q2 24
8.02×

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%

WTI
WTI

Oil And Condensate$76.0M62%
Natural Gas Production$36.6M30%
Natural Gas Liquids Reserves$6.9M6%
Other$2.2M2%

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