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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $57.6M, roughly 1.3× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 8.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-167.0M).

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

IVT vs PHAT — Head-to-Head

Bigger by revenue
IVT
IVT
1.3× larger
IVT
$77.4M
$57.6M
PHAT
Growing faster (revenue YoY)
PHAT
PHAT
+85.5% gap
PHAT
94.1%
8.6%
IVT
More free cash flow
IVT
IVT
$277.9M more FCF
IVT
$110.9M
$-167.0M
PHAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVT
IVT
PHAT
PHAT
Revenue
$77.4M
$57.6M
Net Profit
$2.7M
Gross Margin
86.7%
Operating Margin
-11.0%
Net Margin
3.4%
Revenue YoY
8.6%
94.1%
Net Profit YoY
-72.8%
71.6%
EPS (diluted)
$0.02

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
IVT
IVT
PHAT
PHAT
Q4 25
$77.4M
$57.6M
Q3 25
$74.5M
$49.5M
Q2 25
$73.6M
$39.5M
Q1 25
$73.8M
$28.5M
Q4 24
$71.2M
$29.7M
Q3 24
$68.5M
$16.4M
Q2 24
$67.4M
$7.3M
Q1 24
$66.8M
Net Profit
IVT
IVT
PHAT
PHAT
Q4 25
$2.7M
Q3 25
$6.0M
$-30.0M
Q2 25
$95.9M
$-75.8M
Q1 25
$6.8M
$-94.3M
Q4 24
$9.8M
Q3 24
$-539.0K
$-85.6M
Q2 24
$1.5M
$-91.4M
Q1 24
$2.9M
Gross Margin
IVT
IVT
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Q1 24
Operating Margin
IVT
IVT
PHAT
PHAT
Q4 25
-11.0%
Q3 25
-9.8%
-30.8%
Q2 25
-151.7%
Q1 25
-10.5%
-276.5%
Q4 24
-3.6%
Q3 24
-18.7%
-433.0%
Q2 24
-13.6%
-1055.4%
Q1 24
-13.1%
Net Margin
IVT
IVT
PHAT
PHAT
Q4 25
3.4%
Q3 25
8.1%
-60.5%
Q2 25
130.4%
-191.9%
Q1 25
9.2%
-330.7%
Q4 24
13.8%
Q3 24
-0.8%
-523.3%
Q2 24
2.2%
-1248.6%
Q1 24
4.3%
EPS (diluted)
IVT
IVT
PHAT
PHAT
Q4 25
$0.02
Q3 25
$0.08
$-0.41
Q2 25
$1.23
$-1.05
Q1 25
$0.09
$-1.31
Q4 24
$0.14
Q3 24
$-0.01
$-1.32
Q2 24
$0.02
$-1.56
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
IVT
IVT
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$130.0M
Total DebtLower is stronger
$825.9M
$209.1M
Stockholders' EquityBook value
$1.8B
$-438.2M
Total Assets
$2.8B
$259.1M
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
PHAT
PHAT
Q4 25
$130.0M
Q3 25
$135.2M
Q2 25
$149.6M
Q1 25
$212.3M
Q4 24
$297.3M
Q3 24
$334.7M
Q2 24
$276.2M
Q1 24
Total Debt
IVT
IVT
PHAT
PHAT
Q4 25
$825.9M
$209.1M
Q3 25
$764.6M
$207.1M
Q2 25
$746.3M
$205.1M
Q1 25
$740.7M
$203.2M
Q4 24
$740.4M
$201.4M
Q3 24
$740.1M
$175.7M
Q2 24
$812.2M
$174.4M
Q1 24
$827.5M
Stockholders' Equity
IVT
IVT
PHAT
PHAT
Q4 25
$1.8B
$-438.2M
Q3 25
$1.8B
$-422.5M
Q2 25
$1.8B
$-405.8M
Q1 25
$1.7B
$-338.4M
Q4 24
$1.8B
$-253.6M
Q3 24
$1.8B
$-187.1M
Q2 24
$1.5B
$-233.8M
Q1 24
$1.5B
Total Assets
IVT
IVT
PHAT
PHAT
Q4 25
$2.8B
$259.1M
Q3 25
$2.7B
$240.3M
Q2 25
$2.7B
$250.2M
Q1 25
$2.6B
$294.2M
Q4 24
$2.6B
$378.3M
Q3 24
$2.6B
$387.0M
Q2 24
$2.5B
$319.4M
Q1 24
$2.5B
Debt / Equity
IVT
IVT
PHAT
PHAT
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IVT
IVT
PHAT
PHAT
Operating Cash FlowLast quarter
$155.4M
$-166.8M
Free Cash FlowOCF − Capex
$110.9M
$-167.0M
FCF MarginFCF / Revenue
143.3%
-290.0%
Capex IntensityCapex / Revenue
57.5%
0.4%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
PHAT
PHAT
Q4 25
$155.4M
$-166.8M
Q3 25
$43.8M
$-14.1M
Q2 25
$48.7M
$-62.7M
Q1 25
$20.2M
$-84.9M
Q4 24
$136.9M
$-266.8M
Q3 24
$38.4M
$-63.6M
Q2 24
$46.7M
$-70.7M
Q1 24
$14.8M
Free Cash Flow
IVT
IVT
PHAT
PHAT
Q4 25
$110.9M
$-167.0M
Q3 25
$31.4M
$-14.1M
Q2 25
$38.0M
$-62.8M
Q1 25
$12.8M
$-84.9M
Q4 24
$100.8M
$-266.9M
Q3 24
$29.3M
$-63.6M
Q2 24
$37.2M
$-70.8M
Q1 24
$7.7M
FCF Margin
IVT
IVT
PHAT
PHAT
Q4 25
143.3%
-290.0%
Q3 25
42.2%
-28.6%
Q2 25
51.6%
-159.0%
Q1 25
17.4%
-297.9%
Q4 24
141.5%
-899.8%
Q3 24
42.8%
-389.0%
Q2 24
55.2%
-966.2%
Q1 24
11.5%
Capex Intensity
IVT
IVT
PHAT
PHAT
Q4 25
57.5%
0.4%
Q3 25
16.7%
0.1%
Q2 25
14.6%
0.2%
Q1 25
10.0%
0.1%
Q4 24
50.7%
0.5%
Q3 24
13.3%
0.3%
Q2 24
14.0%
0.6%
Q1 24
10.6%
Cash Conversion
IVT
IVT
PHAT
PHAT
Q4 25
58.41×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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