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

Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $165.3M, roughly 1.2× INDEPENDENCE REALTY TRUST, INC.). On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 2.5%). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.

Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.

IRT vs XMTR — Head-to-Head

Bigger by revenue
XMTR
XMTR
1.2× larger
XMTR
$192.4M
$165.3M
IRT
Growing faster (revenue YoY)
XMTR
XMTR
+27.0% gap
XMTR
29.5%
2.5%
IRT
Faster 2-yr revenue CAGR
XMTR
XMTR
Annualised
XMTR
25.2%
2.2%
IRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRT
IRT
XMTR
XMTR
Revenue
$165.3M
$192.4M
Net Profit
$-8.6M
Gross Margin
39.1%
Operating Margin
-4.6%
Net Margin
-4.5%
Revenue YoY
2.5%
29.5%
Net Profit YoY
12.7%
EPS (diluted)
$0.00

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
XMTR
XMTR
Q1 26
$165.3M
Q4 25
$167.1M
$192.4M
Q3 25
$167.1M
$180.7M
Q2 25
$162.2M
$162.5M
Q1 25
$161.2M
$151.0M
Q4 24
$161.0M
$148.5M
Q3 24
$160.1M
$141.7M
Q2 24
$158.4M
$132.6M
Net Profit
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
$33.3M
$-8.6M
Q3 25
$6.9M
$-11.6M
Q2 25
$8.0M
$-26.4M
Q1 25
$8.4M
$-15.1M
Q4 24
$-1.0M
$-9.9M
Q3 24
$12.4M
$-10.2M
Q2 24
$10.4M
$-13.7M
Gross Margin
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
39.1%
Q3 25
39.9%
Q2 25
40.1%
Q1 25
37.3%
Q4 24
39.7%
Q3 24
39.4%
Q2 24
39.9%
Operating Margin
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
-4.6%
Q3 25
-6.1%
Q2 25
-6.3%
Q1 25
-10.2%
Q4 24
-7.8%
Q3 24
-8.1%
Q2 24
-11.5%
Net Margin
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
19.9%
-4.5%
Q3 25
4.1%
-6.4%
Q2 25
5.0%
-16.3%
Q1 25
5.2%
-10.0%
Q4 24
-0.6%
-6.7%
Q3 24
7.7%
-7.2%
Q2 24
6.5%
-10.3%
EPS (diluted)
IRT
IRT
XMTR
XMTR
Q1 26
$0.00
Q4 25
$0.14
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$0.04
Q4 24
$-0.01
Q3 24
$0.05
Q2 24
$0.05

Balance Sheet & Financial Strength

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

Metric
IRT
IRT
XMTR
XMTR
Cash + ST InvestmentsLiquidity on hand
$23.3M
$219.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
$275.6M
Total Assets
$6.1B
$703.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRT
IRT
XMTR
XMTR
Q1 26
$23.3M
Q4 25
$23.6M
$219.1M
Q3 25
$23.3M
$224.5M
Q2 25
$19.5M
$225.8M
Q1 25
$29.1M
$231.4M
Q4 24
$21.2M
$239.8M
Q3 24
$17.6M
$234.0M
Q2 24
$21.0M
$240.9M
Total Debt
IRT
IRT
XMTR
XMTR
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
XMTR
XMTR
Q1 26
$3.4B
Q4 25
$3.5B
$275.6M
Q3 25
$3.5B
$272.0M
Q2 25
$3.4B
$270.4M
Q1 25
$3.5B
$309.9M
Q4 24
$3.4B
$314.5M
Q3 24
$3.4B
$315.2M
Q2 24
$3.4B
$315.8M
Total Assets
IRT
IRT
XMTR
XMTR
Q1 26
$6.1B
Q4 25
$6.0B
$703.7M
Q3 25
$6.1B
$698.9M
Q2 25
$6.0B
$687.0M
Q1 25
$6.0B
$690.1M
Q4 24
$6.1B
$680.1M
Q3 24
$5.9B
$678.2M
Q2 24
$5.9B
$678.6M
Debt / Equity
IRT
IRT
XMTR
XMTR
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
IRT
IRT
XMTR
XMTR
Operating Cash FlowLast quarter
$4.4M
Free Cash FlowOCF − Capex
$-5.9M
FCF MarginFCF / Revenue
-3.0%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
$282.1M
$4.4M
Q3 25
$79.3M
$5.8M
Q2 25
$82.2M
$-427.0K
Q1 25
$60.4M
$-3.7M
Q4 24
$259.8M
$9.1M
Q3 24
$69.2M
$-3.6M
Q2 24
$83.0M
$-9.1M
Free Cash Flow
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
$-5.9M
Q3 25
$-1.7M
Q2 25
$-7.4M
Q1 25
$-9.2M
Q4 24
$4.5M
Q3 24
$-8.4M
Q2 24
$-13.5M
FCF Margin
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
-3.0%
Q3 25
-0.9%
Q2 25
-4.5%
Q1 25
-6.1%
Q4 24
3.1%
Q3 24
-6.0%
Q2 24
-10.2%
Capex Intensity
IRT
IRT
XMTR
XMTR
Q1 26
Q4 25
5.3%
Q3 25
4.1%
Q2 25
4.3%
Q1 25
3.6%
Q4 24
3.1%
Q3 24
3.4%
Q2 24
3.3%
Cash Conversion
IRT
IRT
XMTR
XMTR
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%

XMTR
XMTR

US$159.1M83%
Non Us$33.3M17%

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